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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 | | | Ordinance | Yorktown Reserve Economic Incentive Agreement - Fourth Amendment
The Economic & Community Development Committee recommends approval of a Fourth Amendment to the previously approved Yorktown Reserve Economic Incentive Agreement. This would further amend/replace the first amendment as it pertains to payout provisions during the three phases of advance activities (i.e., asbestos removal, demolition and other related costs previously identified in the amendment). (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 | | | Development Project | 16 South Park Avenue - (Punky's)
Consideration of a modification to the Punky’s approved Downtown Renovation & Improvement Grant to provide for the existing projecting sign to remain on the exterior façade. (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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