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October 16, 2018 7:30 pm


 

Status Scheduled

Group Board of Trustees

Location 300 Portwine Road Riverwoods, IL

Agenda

PUBLIC HEARING
REGARDING A REDEVELOPMENT PLAN AND PROJECT, DESIGNATING A REDEVELOPMENT PROJECT AREA, AND ADOPTING TAX INCREMENT ALLOCATION FINANCING, ALL FOR THE DEERFIELD ROAD REDEVELOPMENT PROJECT AREA

300 PORTWINE RD., RIVERWOODS, IL
October 16, 2018- 7:30 P.M.

I. CALL TO ORDER
II. PRESENTATION OF REDEVELOPMENT PLAN
III. PUBLIC COMMENT

 

PUBLIC HEARING
REGARDING A REDEVELOPMENT PLAN AND PROJECT, DESIGNATING A
REDEVELOPMENT PROJECT AREA, AND ADOPTING TAX INCREMENT
ALLOCATION FINANCING, ALL FOR THE DEERFIELD ROAD
REDEVELOPMENT PROJECT AREA
October 16, 2018- 7:30 P.M.
BOARD OF TRUSTEES
FINAL AGENDA
300 PORTWINE RD., RIVERWOODS, IL
October 16, 2018- 7:30 P.M.
I. CALL TO ORDER
II. PLEDGE OF ALLEGIANCE
III. ROLL CALL
IV. APPROVAL OF MINUTES
 BOT – October 2, 2018
V. VILLAGE ECOLOGIST
VI. TREASURER’S REPORT
VII. ENGINEER’S REPORT
VIII. DIRECTOR OF COMMUNITY SERVICES REPORT
IX. ZONING BOARD OF APPEALS REPORT
X. PLAN COMMISSION REPORT
XI. POLICE REPORT
XII. VILLAGE ATTORNEY’S REPORT
XIII. INFORMATION ITEMS & COMMENTS FROM THE PRESIDENT
Standing Reports
1. Project update on Flatwoods Heritage Center.
General
2. Article in Crain’s Business on “Airbnb scofflaws”.
3. Discussion on adding a $10/use charge in the fee ordinance for SSA
costs.
XIV. VISITORS WISHING TO ADDRESS THE BOARD
XV. APPROVAL OF BILLS
XVI. ACTION ITEMS
New Business
A. MONITORING WELLS ON THE VILLAGE PROPERTY
BETWEEN CUBESMART AND BRENTWOOD.
Old Business
B. NONE.
XVIII. EXECUTIVE SESSION –
• Litigation, Acquisition, Property, and Personnel
XIX. ESTABLISH TIME AND DATE FOR NEXT MEETING
• Board of Trustees –November 6, 2018 7:30 PM

Minutes

Village of Riverwoods

Public Hearing

October 16, 2018

APPROVED

 

In Attendance:

Cheryl Chamberlain

Kristine Ford

Eric Goldstein

Michael Haber

Henry Hollander

Rick Jamerson

John Norris, Mayor

Also Present:

Bruce Dayno, Police Chief

Irene Gagerman, Village Clerk

Mike Shrake, Village Engineer

Bruce Huvard, Village Attorney

Rob Durning, Director of Community Services

Call to Order: 7:30 PM

PUBLIC HEARING REGARDING A REDEVELOPMENT PLAN AND PROJECT, DESIGNATING A REDEVELOPMENT PROJECT AREA AND ADOPTING TAX INCREMENT ALLOCATION FINANCING, ALL FOR THE DEERFIELD ROAD REDEVELOPMENT PROJECT AREA LOCATED AT 300 PORTWINE ROAD, RIVERWOODS, ILLINOIS.

Mr. Huvard reported the Board passed a Resolution setting the Hearing regarding the redevelopment plan. The Joint Review Board unanimously recommended to proceed with the TIF and eligibility study.  The Board will be called upon to approve an Ordinance adopting and approving the redevelopment plan, another Ordinance to designate the project area and a 3rd Ordinance to calculate the incremental taxes.

Jeff Dickenson with SB Friedman explained the proposed TIF district is adjacent to TIF 1. Mr. Dickenson explained there are one-factor and two-factor tests for the eligibility study.  For improved land, at least 4 of 13 possible factors must be met.  The 13 factors for improved areas include:  dilapidation, obsolescence, deterioration, presence of structures below minimum code standards, illegal use of individual structures, excess vacancies, lack of ventilation, light or sanitary facilities, inadequate utilities, excessive land coverage and overcrowding of structures and community facilities, deleterious land use or layout, environmental clean-up, lack of community planning and lack of growth in EAV.  Mr. Dickenson explained the parcels met the lack of growth in EAV, as EAV declined in 4 of 5 periods as well as several other factors.  Deterioration was found in 100% of the parcels (6 out of 6).  The parcel has inadequate utilities and could not be redeveloped without upgrades to the sewer system and water system interconnects.  The properties are not up to code and there are excessive vacancies in the buildings. (5 factors).  In addition, there were no new construction permits issued from 20     13 to 2017.

The major redevelopment objectives include:

Facilitate and encourage development of underutilized properties within the RPA, facilitating the physical improvement and/or rehabilitation of existing structures, replacing, repairing, constructing, and/or improving public infrastructure where needed, providing resources for streetscape, landscaping and signage to improve the image, attractiveness and accessibility of the RPA, facilitate the assembly and preparation of available sites in the RPA for redevelopment and new development by providing resources by allowed by the Act and supporting the goals and objectives of other overlapping plans to further the goals of the Redevelopment Plan and Project.

The proposed budget of the TIF is $15 million but the line items are flexible. Mr. Huvard noted the Village met with Lake County DOT regarding the negative impact on some of the properties including both shopping centers.  The Village has experienced concerns about combining the properties and shifting the compensatory storage.

Mr. Huvard noted the Ordinances will be brought back to the Board for further consideration.

Trustee Jamerson moved to close the Public Hearing. Trustee Chamberlain seconded the motion.  The motion passed unanimously on a voice vote.  The Public Hearing was closed at 7:50 pm.

Respectfully submitted,

Irene Gagerman, Village Clerk

Transcribed by Jeri Cotton

 

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