Economic Development Commission

Public participation is invited. When called upon, please approach the microphone and state your name. Kindly limit your remarks to three (3) minutes. VILLAGE OF VILLA PARK Village Hall, Committee of the Whole Room 20 S. Ardmore Avenue Villa Park, IL 60181 Economic Development Commission December 18, 2024 5:30 PM Chairman: Tony Oddo Commissioners: Ghada Abdelhafez-Fahmy, Larry Calvert, Patrice Gallagher, JP Hochbaum, John Drogos and Ethan Tutor-Leon 1. Call to Order - Roll Call 2. Approval of Minutes a. October 16, 2024 Minutes 3. Business a. Review of FY25 TIF and BDT Budgets 4. Public Comments 5. Commissioner Comments 6. Village Board Liaison Comments 7. Staff Liaison Comments 8. Adjournment The Villa Park Village Hall is subject to the requirements of the Americans with Disabilities Act of 1990. An elevator is operational at the north side entrance to the Village Hall during normal work hours and also during evenings. lndividuals with special needs are requested to contact the Village's Compliance Officer at (630) 834-8500 so that reasonable accommodations can be made for those persons. Page 1 of 5  ECONOMIC DEVELOPMENT COMMISSION MINUTES October 16, 2024 The meeting of the Economic Development Commission was called to order October 16, 2024, at 5:30 p.m. PRESENT: Commissioners: Larry Calvert, Ethan Tudor-Leon, Patrice Gallagher and John Drogos.. OTHERS PRESENT: Director Marc McLauchlin and Deputy Director Michelle House. Trustee Deepa Kuma PUBLIC INPUT ON AGENDA ITEMS: None. APPROVAL OF THE MINUTES: Motion to accept the minutes made by Commissioner Tutor-Leon and seconded by Commissioner John Drogos, verbal rollcall and passed with all ayes. The minutes for the Economic Development Commission for September 18, 2024, were approved. GENERAL DISCUSSION/BUSINESS: Director McLaughin opened the meeting with attendance and looking for a Motion to make Commission Calvert Chairman Pro Tem. Commissioner Tudor-Leon made the motion for Commissioner Larry Calvert to act as Chairman Pro Tem and seconded by John Drogos. Verbal roll call, motion passed. Director McLaughlin advised on the recommendation of the commission the 3 new TIF Grants; Façade Improvement Program, Tenant Improvement Program and Site Improvement Program were taken before the Board of Trustees and passed. Any former TIF Grants have been closed. Applicants can apply for all 3 programs for a total of $75,000. Open discussion moved onto the areas that would benefit from this program to enhance the properties located within the various TIF Districts. Commissioners Tudor-Leon and Drogos would like to see a focus on signage. There are locations with either outdated or temporary signs which need updating, which would be a good use. A review of the TIF map indicates where the programs would be available. Some business owners are/have been making improvements on their own, which has improved the area. Clarification was given on the sign code as it could be somewhat tricky; non-conforming vs allowed. Murals on buildings can be difficult due to advertising (which is not allowed) to maintenance, paint does not last and could damage brick walls. Deputy Director House gave an overview of the new TIF Grant Programs for Façade Improvement, Tenant Improvement and Site Improvement which are available to the businesses. A review of each program was discussed. Each program has certain criteria which will need to be met to be eligible for funds. These programs have a maximum limit, and the reimbursements are on a 50/50 basis up to the maximum allowed. Approval will be required prior to any improvements being implemented. All the Grant Programs are on a first come first serve basis. There has been a Façade Program, which is now null, and these 3 programs are available. Since funds are available in most TIF’s now would be the time to get applications in for review. Property owner approval is required on all TIF Grants. Page 2 of 5 PUBLIC COMMENTS NON-AGENDA ITEMS: None. COMMISSIONER COMMENTS: Commissioner Gallagher: Encouraged by this meeting, I have seen improvements over the last few years and it’s just an exciting time. Commissioner Tutor-Leon: Unfortunately, I have missed a few meetings due to my work schedule, but I am back now, and I agree it’s an exciting time. Commissioner Drogos: Excited to help out and find properties that may take advantage of the grants. VILLAGE BOARD LIAISON COMMENTS: Trustee Kumar is happy to see more items the commission can vote upon. Reach out to businesses to see if they can utilize these programs. STAFF LIAISON COMMENTS: Director McLaughlin informed the commission the office is currently working on Zoning Code updates and making it more user friendly, streamlining it. There are a few more that need to be looked at. ADJOURNMENT: Motion to adjourn the meeting was made by Commissioner Tudor-Leon and seconded by Commissioner Drogos. The motion passed with all ayes. The meeting was adjourned at 6:25 p.m. Complete recorded minutes will be available on the Village Website. Respectfully Submitted by, Pat Boksha Page 3 of 5 TIF 3 TIF 5 TIF 6 TIF 7 BDT REVENUE $ 1,368,249 REVENUE $ 447,837 REVENUE $ 114,672 REVENUE $ 100,000 REVENUE $ 26,000 EXPENDITURES EXPENDITURES EXPENDITURES EXPENDITURES EXPENDITURES ENGINEERING SERVICES ENGINEERING SERVICES ENGINEERING SERVICES ENGINEERING SERVICES ENGINEERING SERVICES Surveying $ 50,000 Connection from Park Blvd to PP $ 200,000 $ ‐ Home Ave Parking $ 20,000 OTHER CONTRACTUAL SERVICES OTHER CONTRACTUAL SERVICES OTHER CONTRACTUAL SERVICES OTHER CONTRACTUAL SERVICES OTHER CONTRACTUAL SERVICES Legal $ 20,000 Audit $ 1,500 Engineer W Terrace Alley $ 25,000 Façade Grant $ 25,000 Wildfire Agreement $ 10,000 North Ave Townhome Parking $ 100,000 Legal $ 20,000 Surveying $ 25,000 Tenant Grant $ 25,000 Polaris Agreement $ 25,000 Demolition $ 500,000 Façade Grant $ 25,000 Legal $ 25,000 Site Grant $ 25,000 Remediation $ 375,000 Tenant Grant $ 25,000 EcoTerra Agreement $ 150,000 The Union Agreement $ 150,000 Audit $ 1,500 Site Grant $ 25,000 Façade Grant $ 25,000 Façade Grant $ 75,000 Kenilworth Townhomes $ 55,000 Tenant Grant $ 25,000 Tenant Grant $ 75,000 Site Grant $ 25,000 Site Grant $ 75,000 TOTAL CONTRACTUAL SERVICES $ 1,271,500 TOTAL CONTRACTUAL SERVICES $ 351,500 TOTAL CONTRACTUAL SERVICES $ 300,000 TOTAL CONTRACTUAL SERVICES $ 245,000 TOTAL CONTRACTUAL SERVICES $ 35,000 CAPITAL OUTLAY CAPITAL OUTLAY CAPITAL OUTLAY CAPITAL OUTLAY CAPITAL OUTLAY Land Assembly $ 2,500,000 Marketing Signage Old Town $ 25,000 Marketing Signage Uptown $ 25,000 Land Acquisition $ 500,000 $ ‐ N Harvard Property $ 450,000 Connection from Park Blvd to PP $ 100,000 W Terrace Alley $ 50,000 Home Ave Parking $ 50,000 $ ‐ Land Acquisition $ 150,000 TOTAL CAPITAL $ 2,950,000 TOTAL CAPITAL $ 275,000 TOTAL CAPITAL $ 75,000 TOTAL CAPITAL $ 550,000 TOTAL CAPITAL $ ‐ TOTAL EXPENDITURES $ 4,221,500 TOTAL EXPENDITURES $ 626,500 TOTAL EXPENDITURES $ 375,000 TOTAL EXPENDITURES $ 795,000 TOTAL EXPENDITURES $ 35,000 Page 4 of 5  W BELDEN AV Legend N HA RVARD AV Villa Park Boundary N PRINCETON AV N ELLSWORTH AV N VI N YALE AV LLA AV TIF Districts N CHATHAM AV BDT E NORTH AV N HARVARD AV VISTA AV W NORTH AV TIF 3 W SCHILLER ST E SCHILLER ST N IOWA AV W ROY DR E HILL ST W RIDGE RD MANOR LN N 2ND AV N 3RD AV W JAMES ST VILLA AV W SUNSET DR N BIERMANN AV E SUNSET DR E SUNSET DR N HARVARD AV N WESTMORE AV N YALE AV N ARDMORE AV N CHATHAM AV W MERLE ST N BEVERLY AV W PLYMOUTH ST E PLYMOUTH ST W VERMONT ST E VERMONT ST N HAMILTON AV W PLEASANT AV TIF 6 T ACE S E TERR N LINCOLN AV E MAPLE ST AC E ST E R R A C E ST W TERR WT E PINE ST W DIVISION ST N CORNELL AV E OAK ST E N WISCONSIN AV DI N MICHIGAN AV N 3RD AV N PRINCETON AV VI N 2ND AV N ADDISON RD SI N WESTMORE AV N CHARLES AV O N SUMMIT AV W ELM ST N N VILLA AV N ILLINOIS AV E ST EL M N YALE AV ST W HOLLY CT S OAKLAND AV W ST CHARLES RD E ST CHAR LES RD TIF 7 E HOME AV W HOME AV S VILLA AV S HARVA RD AV GREAT W ESTERN T R E KENILW E FAIRFIELD AV S WISCONSIN AV ORTH AV S MICH IGAN AV S ARDMORE AV S PRINCETON AV S YALE AV TH TIF 5 IRI E PA PR A W SCHOOL ST E PA RK BL S IL 83 1 inch = 1,000 feet ¯ Page 5 of 5