Common Contracts

COUNCIL WORKSHOP ITEM

May 17th, 2001

• Filed
  May 17th, 2001

On December 22, 1997, the Village Council adopted Ordinance No. 3997 approving a tax increment district for the Central Business District of the Village of Downers Grove. Since that time, the Village has undertaken extensive infrastructure improvements within the area which have significantly upgraded the utility and street conditions. Over the past year, the Village has been exploring options to generate significant redevelopment activity within the CBD now that the infrastructure improvements are substantially advanced. Presented with this memorandum is a proposal from S.B. Friedman & Company to provide development advisory services in relation to the CBD project. In essence, S.B. Friedman & Company would assist the Village in identifying development options, assisting in public information and discussion activities and help identify and solicit developers to implement the agreed upon projects. The attached proposal from S.B. Friedman & Company provides detail regarding each aspect o