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-2 - <br />Considerable discussion followed on that area across from Kenzie <br />• Terrace upon which a senior highrise has been proposed. It was <br />noted that a tax increment district is feasible here and if that <br />method is used any residual monies could be used for the redevelop- <br />ment or rehabilitation of the study area. Members of the Northeast <br />Senior Federation, which is proposing the senior center, were <br />present and there was much dialogue between them and the Task <br />Force members along with Mayor Sally Haik who was also present in <br />the audience. It was noted the City has indicated its favor for <br />the senior project, but that it is at this time, a separate <br />project than the Kenzie Terrace study project. It was recognized, <br />however, that if T.I.F. were used, it could benefit the commercial <br />area as well. <br />The meeting was recessed at 9:15 P.M. <br />The meeting was reconvened at 9:27 P.M. <br />Mr. Krier reviewed the goals and objectives he had drafted. Goals <br />and objectives pertaining to economic development and land use; <br />transportation and parking; physical appearance and layout, were <br />discussed. Discussion followed as to'the_.probability of involving <br />the private.sector in the redevelopment of the area and what <br />incentives might be available to them. Mr. Krier then said the <br />Task Force should come to a conclusion as to what specific goals <br />and objectives they wish to pursue. Each member then gave a brief <br />• statement as to their desire and opinion of the most feasible and <br />advantageous option. <br />The general feeling of the Task Force indicated a preference to <br />further explore housing options first, then revitalization. <br />It was agreed Mr. Krier would prepare some specific designing <br />options for housing for the next meeting. <br />It was further agreed -the next meeting would be held March 25th <br />at 7:00 P.M. <br />Motion by Mr. Enrooth,and seconded by Mr. Kelly to adjourn. <br />Motion carried unanimously. <br />The meeting was adjourned at 10:36 P.M. <br />Respectfully submitted, <br />Ronald O. Berg <br />Administrative Assistant <br />