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230331
| 4 | | | Resolution | Downtown Improvement & Renovation Grant; 244 E St Charles Road (Lombard Veterinary Hospital) - Amended Grant Request
A recommendation from the Economic and Community Development Committee to approve a Downtown Improvement and Renovation Grant Program (also known as the Facade Grant Program) for the Lombard Veterinary Hospital property. The applicant is redeveloping the entire subject property with an expanded veterinary hospital plus a 2,400 square-foot second building for future commercial use. The grant request is for partial funding to provide for the relocation and burial of an existing Com Ed transmission line with companion AT&T and Comcast pole co-locations, consistent with grant provisions and in an amount not to exceed $50,000.00 per the Renovation & Improvement Grant Policy. (DISTRICT #4) | approved | Pass |
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220185
| 4 | | | Development Project | Yorktown Reserve Economic Incentive Agreement - Further Amendment
Synergy Development requests a further amendment to the previously approved Yorktown Reserve Economic Incentive Agreement. The request would parse the previously approved Tax Increment Financing funding components associated with the Phase I residential redevelopment and the Business District #2 Greenspace/Yorktown exterior improvements. All other provisions of the Agreement would remain in full force and effect. Staff seeks a recommendation from the ECDC for staff and Village Counsel to work with Synergy to prepare a further amended agreement for Village Board consideration.
(DISTRICT #3) | approve as amended | Pass |
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230365
| 1 | | | Resolution | 118 West St. Charles Road (PREA):
A recommendation from the Economic and Community Development Committee to approve a grant award of up to $49,618 (50% of eligible costs allowed by the Grant Program), for the modifications to the exterior facade of the commercial building. (DISTRICT #1) | recommended to the Board of Trustees for approval | Pass |
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230366
| 1 | | | Resolution | 16 South Park Avenue - Downtown Renovation & Improvement Grant
A recommendation from the Economic and Community Development Committee to approve a Renovation and Improvement Grant in an amount not to exceed $50,000 or 50% of the eligible project costs, whichever is less, for modifications to the first-floor exterior façade of the mixed-use building. (DISTRICT #1) | approved | Pass |
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230349
| 1 | | | Ordinance | Text Amendments to Section 36.30 to 36.74 of Village Code:
The Economic & Community Development Committee submits its recommendation to approve Text Amendments to Chapter 36 relative to the Tax Increment Financing Grant Programs. With the expiration of the Lombard Downtown Tax Increment Financing (TIF) District, several code changes are being introduced striking all references to the Downtown TIF District, removing all grant requirements, and referencing the adopted Program Policies adopted by the Village Board. (DISTRICTS - ALL) | approved by the committee | |
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