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230418
| 1 | | | Resolution | 108 W. St. Charles Road (Kyo Ramen & Poke Bowl Restaurant)
The Economic & Community Development Committee recommends approval of a Resolution for the following grant requests associated with proposed owner/tenant exterior and interior improvements:
1. A Downtown Renovation and Improvement Grant (Façade Grant) for the proposed façade modifications in an amount not to exceed $18,841 or 50% of the eligible costs, whichever is less, for modifications to the exterior façade of the commercial building.
2. A Restaurant Forgivable Loan for the proposed interior buildout modifications to the currently vacant building in an amount not to exceed $83,196 or 33.3% of the eligible costs, whichever is less, for interior modifications to the existing restaurant space.
3. Pursuant to the Programs, applicable Village building permit fees in an amount not to exceed the respective grant caps of $1,500 for each of the two grants. (DISTRICT #1) | recommended to the Board of Trustees for approval | 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) | Recommended to the Board of Trustees with condition(s) | Pass |
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230367
| 1 | | | Request | Amendments to the Renovation & Improvement Grant, Retail Business Grant, Restaurant Forgivable Loan Program, Business Relocation Grant, and Art Grant Programs:
The Economic and Community Development Committee submits its recommendation to approve amendments striking all references to the Lombard Downtown TIF District, adding the program eligibility to the St. Charles Road TIF- 2 East District properties for each of the applicable programs, and amending applicability and grant provisions. (DISTRICTS #1 and #4) | recommend to the Board of Trustees for Approval | Pass |
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230368
| 1 | | | Request | Second Amendment to the Business Retention Economic Incentive Policy
The Economic and Community Development Committee submits its recommendation to approve an amendment to the Business Retention Economic Incentive Policy to incorporate the properties previously identified within the Downtown Lombard TIF and as within the Key Development Sites Listing. Companion applicability amendments specific to the added downtown areas will be referenced as well. (DISTRICTS - ALL) | recommended to the Board of Trustees for approval | Pass |
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230369
| 1 | | | Request | Downtown Grant Program Policy
The Economic and Community Development Committee submits its recommendation to approve a Downtown Grant Program Policy (DGP). The Policy provide for a new downtown grant program utilizing the Village’s Economic Development Fund in lieu of the Lombard Downtown TIF Fund. (DISTRICTS #1 and #4) | recommend to the Board of Trustees for Approval | Pass |
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