ECONOMIC

DEVELOPMENT

PRESENTATION

February 16, 2015

Agenda

I. CALL TO ORDER

II. ATTENDANCE

III. PUBLIC COMMENTARY

IV. PRESENTATION -- MAYOR LENTZ

V. QUESTION/ANSWER - DISCUSSION

VI. ADJOURNMENT

2

Purpose of the Meeting

Inform Plan and Zoning and Economic

Development Commissioners, and

attending public, about the economics of

Mundelein so that you are informed

optimists and ambassadors for our

Village.

3

Overview

Mundelein Economics

Infrastructure

Public Services

People

Housing

Schools and other institutions like churches, libraries, etc.

Businesses of all types….retail, office, industrial, etc.

Economic Development

4

Overview

Mundelein Economics

Infrastructure

Public Services

People

Housing

Schools and other institutions like churches, libraries, etc.

Businesses of all types….retail, office, industrial, etc.

Economic Development

5

Infrastructure

6

Water – Joint Action Water Agency (JAWA)

One of the best treatment plants in Illinois

Mundelein Wastewater Treatment Plant in Libertyville

State of the Art……50% capacity

Streets

90+ Miles of Streets in Mundelein

Over $2 million/year for street projects

Water -- JAWA

7

Water -- JAWA

8

Wastewater Treatment Plant

9

Infrastructure Improvements

10

2015 Street Program -- $2.7 million

West Hawley Street -- $9 million, August

Construction

East Hawley Enhancement Improvements, Summer

2015

Lake Street Repaving, September 2015

Route 60/83 Roadway Improvements -- $3-5 million,

June 2015

Pedestrian Overpass -- $4 million, 2018

Overview

Mundelein Economics

Infrastructure

Public Services

People

Housing

Schools and other institutions like churches, libraries, etc.

Businesses of all types….retail, office, industrial, etc.

Economic Development

11

Public Services

Public Works Department – 47.5 employees

83 miles of streets

117 miles of water mains

168 Miles of sanitary sewer

7,000 parkway trees

Fire Department - 28 Fire Fighters

Police Department – 70 officers

CALEA Gold Certified

42nd Safest City according to Neighborhood Scout12

Overview

Mundelein Economics

Infrastructure

Public Services

People

Housing

Schools and other institutions like churches, libraries, etc.

Businesses of all types….retail, office, industrial, etc.

Economic Development

13

People

14

People QuickFacts Mundelein

Population, 2013 Estimate 31,395

Population, 2010 (April 1) estimates base 31,064

Population, percent change – April 1, 2010 to July 1, 2013 1.1%

Mundelein’s Median household income, 2009-2013 $80,112

Illinois’s median household income, 2009-2013 $56,797

Overview

Mundelein Economics

Infrastructure

Public Services

People

Housing

Schools and other institutions like churches, libraries, etc.

Businesses of all types….retail, office, industrial, etc.

Economic Development

15

Housing

16

Mundelein’s Home Prices

Housing

17

Vernon Hills

Grayslake

Libertyville

Mundelein

Housing

18

Orchard Meadows

69 Unit Single-family Subdivision

K. Hovnanian Homes

Construction to begin this Spring

19

Cardinal Square – Under

Construction

Second building of nine

proposed

65-unit apartment

building

Expected to be completed

this Fall

Brings more density to

downtown to support

businesses

20

Coves of Mundelein

36 unit apartment building off of Diamond Lake

Second residential project for Mega Realty

Completion expected this Fall

21

407 E. Hawley

Downtown Residential Project

40 Multi-family Units

22

Overview

Mundelein Economics

Infrastructure

Public Services

People

Housing

Schools and other institutions like churches, libraries, etc.

Businesses of all types….retail, office, industrial, etc.

Economic Development

23

Schools and Other Institutions

24

Overview

Mundelein Economics

Infrastructure

Public Services

People

Housing

Schools and other institutions like churches, libraries, etc.

Businesses of all types….retail, office, industrial, etc.

Economic Development

25

Downtown Vacancy

Downtown boundary

15% Commercial Vacancy in

December 2012

13% Commercial Vacancy

Rate as of December 2014

270 Occupied spaces

40 Vacant spaces

26

Village Wide Vacancy

Rate

Commercial: 22 % vacant rate

540 Occupied available spaces

156 vacant spaces

Industrial: 10 % vacancy rate

Lake County: 7.8% vacancy rate

308 Occupied spaces

34 Vacant spaces

Office: 8.8 % vacancy rate

Lake County: 15.3% vacancy rate

27

2014 in Reflection

39 new businesses in 2014

41 new businesses in 2013

38 new businesses in 2012

16 existing businesses expanded

3 existing businesses purchased real estate

28

Restaurants

18 restaurants in our downtown

86 restaurants throughout the community

29

Overview

Mundelein Economics

Infrastructure

Public Services

People

Housing

Schools and other institutions like churches, libraries, etc.

Businesses of all types….retail, office, industrial, etc.

Economic Development

30

Economic Development

GovernmentStreamlined and Thought-out Regulations

Toolbox of Incentives

31

Business Landlord/SellerDeal

Economic Development

32

Streamlined and

Thought-out Regulations

Comprehensive Plan and Downtown Master Plan

Sign Code Rewrite (Due in March 2015)

Zoning Ordinance Rewrite

Update Building Codes

Economic Development

33

Toolbox of Incentives

Sales Tax Sharing/Property Tax Reimbursement

Business Incentives Program (February 23, 2015)

Tax Increment Financing (TIF)

Property Enhancement Program

- Exterior upgrades up to $25,000

- Signage upgrades up to $5,000

Economic Development

34

Successes and

Challenges

Economic Incentives

Enhancement Program

- Exterior upgrades up to $25,000

- Signage upgrades up to $5,000

35

Store Closings

Corporate Decisions

Best Buy

Applebee's

Dominick’s

Staples

Wendy’s

Radio Shack

36

Store Closings

37

Sysmex

39,000 s.f. addition

Bringing more jobs to the community

Street name change

38

Wal-Mart

Redevelopment of Oak Creek Plaza

Economic Incentive Agreement

Property in Foreclosure

39

Trade Show - ICSC

October 2014 – Chicago Deal Making

Approximately 2,500 in attendance

Connecting with brokers, retailers, developers, and

property owners

40

Trade Show – Retail Live

February 5, 2015

Approximately 500 in attendance

ONLY retailers are allowed to have an exhibit

50+ retailers in attendance

41

Store Closings

42

Commercial Interest

Big Box Retailer

Looking to develop approximately 26 acres across

from the Mundelein Crossings Shopping Center

43

Hawley Lake Plaza

Old Walgreens Shopping Center

Preliminary discussions - façade, parking lot,

lighting, and landscaping improvements

Improvements expected to begin this summer

44

1360 Butterfield Road

105,000 square foot Climate Controlled Storage

Facility – Metro Self Storage

3.36 acres

45

New Businesses – Under

Construction

Charter Fitness (16,370 square feet) – Townline

Square Shopping Center

Gold Fish Swimming School (8,225 square feet) –

Townline Square Shopping Center

2050 South Lake Street – Formerly Chain-O-Lakes

Electrical Company, converting to multi-tenant

shopping center

46

O’Reilly Auto Parts

Demolishing multitenant building in Townline

Commons

O’Reilly Auto Parts moving from Townline Road to

Lake Street

47

Mundelein Community

Bank – Completed

Downtown reinvestment -- $1Million

1,800 square foot branch office

Community minded

48

Medline

49

Sales Tax sharing

agreement

Expansion incentive on

the table

Staying in Mundelein and

expanding in Lake County

Ribbon Cutting Ceremonies

Began in 2010

Supporting our businesses

14 ceremonies in 2014

16 in 2013

Coffee with the Mayor

Save the Date

You’re Invited!

Coffee with the Mayor

March 7, 2015

9 a.m.

Omega Restaurant, Mundelein

First Saturday every month.

A different Trustee will join Mayor Lentz each month.51

Conclusion

Questions?

Comments?

Feedback?

52