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HomeMy WebLinkAboutPacket - 10/15/2007 - City Council A G E N D A REGULAR CITY COUNCIL MEETING Monday, October 15, 2007, 7:30 PM 1. Call to Order 2. Roll Call 3. Pledge of Allegiance 4. Public Input Session, 10 Minute Limitation 5. Consent Agenda: A. Proposal to replace roof on Washroom/Storage Building in Veterans Memorial Park from Hogan Roofing for $4,900; B. Request from Landmark School PTO for Annual Harvest Festival Hayride, October 26, 2007; C. Contract purchase order for Rock Salt from State of Illinois Joint Purchasing Program for the amount of $40.65 per ton; D. As Needed Checks; and E. List of Bills. 6. Request for a temporary use permit to hold a Barbeque Cook-off Fundraiser in the parking lot of Bjorkman’s Ace Hardware, 4520 Crystal Lake Road 7. Ordinance granting a conditional use permit and variances in conjunction with a coffee kiosk at 3705 West Elm Street 8. Ordinance authorizing the execution of a Development Agreement with Historic McHenry, LLC for redevelopment of the former City Hall site located at 1111 North Green Street 9. Engineering Services Agreement with Smith Engineering Consultants, Inc. to perform a Feasibility Study for Boone Creek Sanitary Sewer improvements and associated lift station(s) enhancements for an amount not to exceed $9,150 10. Engineering Services Agreement with Smith Engineering Consultants, Inc. for NPDES Phase II, Year 5 for an amount not to exceed $24,220 11. Committee Recommendation: Proposed Text Amendments to the City of McHenry Zoning Ordinance and Municipal Code 12. Mayor, Statement and Reports 13. Committee Reports 14. Staff Reports 15. Future Agenda Items 16. Adjournment Posted and Mailed: October 10, 2007 MAYOR’S REPORT TO: City Council FROM: Mayor Susan E. Low FOR: August 27, 2007 Regular City Council Meeting RE: Landmark Commission Appointments ________________________________________________________________ th At the October 15 City Council meeting, I intend to appoint Sandie Schwarz to the McHenry Landmark Commission. Ms. Schwarz is selected to fill the remaining vacant term on the commission, which expires on April 30, 2008. A copy of her application is attached. Please contact me prior to the meeting if you have any comments or objections to the appointment, thank you. CONSENT AGENDA The Consent Agenda for the October 15, 2007 City Council meeting consists of the following items: A. Proposal to replace roof on Washroom/Storage Building in Veterans Memorial Park from Hogan Roofing for $4,900; B. Request from Landmark School PTO for Annual Harvest Festival Hayride, October 26, 2007; C. Contract purchase order for Rock Salt from State of Illinois Joint Purchasing Program for the amount of $40.65 per ton; D. As Needed Checks; and E. List of Bills. Attachments AGENDA SUPPLEMENT TO: Mayor and City Council FROM: Douglas P. Martin, Deputy City Administrator FOR: October 15, 2007, Regular City Council Meeting RE: Redevelopment of the former City Hall Site, 1111 N. Green Street STAFF RECOMMENDATION: Approval of the attached ordinance authorizing the execution of a Development Agreement with Cunat, Inc. (Historic McHenry, LLC) for the redevelopment of the former City Hall site at 1111 N. Green Street. Conceptual Redevelopment Project Summary. The proposed project is a five-story mixed-use building, with an approximately 6,900 square foot restaurant and a 3,600 square foot associated private club/party room (10,500 square feet) on the first floor and at least 24 residential dwelling units (64,250 square feet) on the remaining four floors (site plan and elevation are attached to this supplement). Included as part of the project is a three-story (48,600 square feet) parking structure which will yield approximately 132 parking spaces. Roughly two-thirds of those spaces will be allocated for use by the general public. Summary of Proposed Financial Incentives The proposed incentives for the project totaling $2,000,000 include: partial funding for excavation and stormwater improvements, waiver of a portion of the permit and capital development fees, partial funding to be used towards the cost of constructing a public parking deck, funds to be allocated towards the construction of a temporary public pier(s), and partial funding to be used for the demolition expense (list of dollar amount of incentives is detailed below, as well as when each incentive will be realized by the developer). City Permit/Capital Development Fees * $250,000 Excavation/Stormwater Improvements ** $300,000 Temporary Public Pier(s) ** $250,000 Contribution to Public Parking Deck ** $1,050,000 Demolition ** $150,000 $2,000,000 * Incentive realized upon issuance of a building permit ** Incentive realized on a reimbursement basis (after TIF increment is generated to reimburse the developer) All the incentive payments will be phased over a seven-year period. Attached to this supplement is a financial summary of the development, which includes estimated yearly TIF fund increments for the entire life of the TIF district and a dollar amount reimbursement schedule for this project. Downtown Redevelopment Business Plan The full increment for this project, $361,942, will be realized by 2010 and the project has an estimated market value of approximately $15,940,000. In addition, all public participation costs are estimated to be paid by 2014 in accordance with the increment schedule on the attaché financial analysis. The total tax increment generation for this project assuming a 2% yearly increase is estimated to be $5,192,842.21. The Business Plan previously approved by the City Council assumes a second redevelopment project occuring in 2008; however, the Business Plan only includes $1,000,000 in incentives for this project. Redevelopment Agreement The attached agreement is between the City and Cunat, Inc. (Historic McHenry LLC) for the redevelopment of the project at 1111 N. Green Street. The following provisions are contained in the redevelopment agreement:  Agreement includes all of the incentives referred to previously: waiver of a portion of the building permit and capital development fees, partial payment for excavation and stormwater improvements, partial funding for the construction of a temporary pier(s) in Boone Lagoon, contribution to a public parking deck, and partial reimbursement for demolition costs on the Subject Property.  Agreement requires building plans to be stamped by a licensed architect or structural engineer;  Agreement requires conveyance of property for Riverwalk construction along Boone Lagoon;  Agreement requires not less than seventy-five (75) nor more than eighty-five (85) parking spaces within the parking structure constructed on the Subject Property for use at no charge by the general public;  Agreement requires Developer to be responsible for maintenance of the parking garage;  Agreement requires Developer to dig up the current sanitary sewer main, which runs under the building, as well as remove the pipe;  Agreement requires Developer at their expense, to construct the required improvements associated with the design and reconfiguration of the westbound, right turn lane from Green Street to Waukegan Road;  Agreement allows Developer to construct a temporary parallel pier(s) on Boone Lagoon adjacent to the site in accordance with the design of piers constructed as part of the Riverwalk Place Subdivision development. No moratorium currently exists on temporary piers; however, a permit is required from the Army Corps of Engineers. Piers cannot be used as overnight piers;  Agreement requires a letter of credit from the Developer for all public improvements constructed as part of the redevelopment of the site; and  Developer is required to submit an application to appear before the Planning and Zoning Commission within 90-days of agreement execution. Minor modifications may need to be made to the agreement following approval to prepare it for final signature. However, they will not alter any substantive portion of the agreement. -2-