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Meeting Name: Economic & Community Development Committee Agenda status: Final
Meeting date/time: 11/12/2018 6:00 PM Minutes status: Final  
Meeting location: Village Hall - Communtiy Room
Published agenda: Agenda Agenda Published minutes: Minutes Minutes  
Meeting video:  
Attachments:
File #Ver.Agenda #NameTypeTitleActionResultAction DetailsVideo
170188 4  Ordinance101 - 109 S. Main Street Property - Redevelopment Agreement (RDA) Holladay Properties' Lilac Station Consideration and approval of a Redevelopment Agreement (RDA) between the Village of Lombard and Holladay Property Services Midwest, Inc.(the "Developer") that provides for: the sale of the property by the Village to the Developer, for $1,500,000.00; the redevelopment of the property with two (2) projects (the North Building Project - not to exceed 120 market rate luxury apartment units and between 3,000 and 4,000 square feet of commercial space; and the South Building Project - a 12,000 square foot commercial building); and economic incentives in relation thereto (up to $525,000.00 in TIF incremental revenues for the North Building Project and up to $500,000.00 in sales tax rebate revenues for the South Building Project). (DISTRICT #4)approvedPass Action details Not available