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Meeting Name: Economic & Community Development Committee Agenda status: Final
Meeting date/time: 4/8/2019 7:00 PM Minutes status: Final  
Meeting location: Village Hall
Published agenda: Agenda Agenda Published minutes: Minutes Minutes  
Meeting video:  
Attachments:
File #Ver.Agenda #NameTypeTitleActionResultAction DetailsVideo
170188 7  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)   Action details Not available
190157 1  Development ProjectCommunity Profile - 2019 Edition Review of Community Profile document.   Action details Not available
190158 1  ResolutionDowntown Restaurant Forgivable Loan; 116 S. Main Street, Rosemary and Jean’s Restaurant Resolution approving a Downtown Restaurant Forgivable Loan in an amount not to exceed $61,887.67 for the eligible improvements to the proposed sit-down restaurant tenant space. (DISTRICT #1)approvedPass Action details Not available
190159 1  ResolutionDowntown Improvement & Renovation Grant; 116 S. Main Street Resolution Approving a Downtown Improvement and Renovation Grant in an amount of $50,800.00 for identified eligible improvements to the property. (DISTRICT #1)approvedPass Action details Not available