1983-09-12 - Village Board Committee of the Whole - Minutes qlw
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L./ SUMMARY OF COMMITTEE OF THE WHOLE OF THE PRESIDENT AND BOARD OF TRUSTEES
OF THE VILLAGE OF BUFFALO GROVE, ILLINOIS, HELD MONDAY, SEPTEMBER 12, 1983,
AT THE MUNICIPAL BUILDING, 50 RAUPP BOULEVARD, BUFFALO GROVE, ILLINOIS.
President Clayton called the meeting to order at 7:37 P.M. Roll Call indicated
the following present: President Clayton; Trustees Marienthal , Stone, O'Reilly,
Hartstein, Glover, and Reid. Also present were: William Balling, Village
Manager; William Raysa, Village Attorney; James Doyle, Assistant Village
Manager; William Brimm, Finance Director; Richard Kuenkler, Village Engineer;
James Truesdell , Village Planner; and Paul Kochendorfer, Village Treasurer.
Mr. Balling reviewed the Strategic Planning Workshop held on May 23, 1983,
and also Mr. Doyle' s memo to him of September 9, 1983 regarding "Development
Incentives Workshop".
Discussion then followed on possible incentives for attracting development
to Buffalo Grove. Industrial Revenue Bonds were considered to be a major
incentive tool , and the following comments were made about same: they would
be dealt with on a case-by-case basis; there should be a major impact on the
economic situation of Buffalo Grove; certain standards should be met. It was
suggested that staff contact the city of Ft. Wayne, Indiana to review a package
of incentives which they have put together. It was also suggested that staff
contact Federated Stores, said to be interested in marketing in the Chicagoland
area. Two other suggestions made referred to expediting the development process
by streamlining routine Appearance Commission approvals, and also having the
Commissions call a Special Meeting when necessary. It was noted that there may
be an overabundance of 1+ acre lots in this area, and that 1/2 acre lots might
be more marketable in Buffalo Grove. I-t was -a-Ise-d-etecrzli-ned-that-thex'e-be--a
roc-cvehlet-left-o -the-0evekopeg-Bor►a-t+on-twdi-macme. ** CORRECTION
Mr. Nick Trkla, president of a Chicago-based consulting firm, addressed the
Board with regard to tax increment financing. Mr. Trkla talked about some of
the projects on which his company is working, and then went on to explain tax
increment finarrc1rng. He stated that it is a marketing tool , but that it is
but one tool which may be used in combination with many other incentives. Mr.
Trkla then answered questions of the Board.
ADJOURNMENT
Moved by Glover, seconded by O' Reilly, to adjourn the meeting. Upon voice
vote, the motion was unanimously declared carried. The meeting was adjourned
at 9:26 P.M.
:it,ictl tin
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Janet �S i rab ian, Vi l Page CTe r'
**Review of the tape of the meeting determined that it had
ultimately been determined that there would be no review
`/ or re-evaluation of the Developer Donation Ordinance at
this time.
JANET M. SIRABIAN, VILLAGE CLERK