CCP 07-06-1995 - Laserfiche WebLink

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JUH-26-9~ MaN 1~:27 CAMIROS MINH 612S2773~9 P.0'9 . Congressman Vento, attending a Committee meeting for the first time this year, said that the . Committee's recommendations will help him work with others in Congress to deal with TeAM's future legislatively. He mentioued that the McKinney Act had changed within the last week; Peter will check into this. Mr. Vento advocates restoration of contaminated sites to their "natural condition", but admitted that this was a subject of debate in Congress. - Arne Cook of Opus Corporation briefed the Committee on the market in the north suburbs and - 35W corridor. He began by saying that there are not many huge parcels left "close in", which - makes TCAAP all the more valuable. Assuming that in lIII industrial area of 400 acres, where 20"/0 - of the land would be used for roads and infraslruCture, the industria/land alone would be worth $20 million; at 30"/0 coverage, this would support more than 4 million square feet of development. , When asked why this corridor, unlike the 1-494 corridor, has not seen this scale of development before, Mr. Cook said that the 1-494 corridor is close to the saturation point and in ten years or so developers will be looking north for prime development parcels. , Mr. Cook recommended that industrial development be covered by restrictive covenants (or zoning and design controls) to regulate building materials, placement of loading docks, screening, I irrigation, etc.; however, he cautioned against getting .carried away. because developen might just leap-frog the community. He also urged creation of a master plan to guide developmetU, but with enough flexibility to accommodate changes in technology and business practices. He I recommended against using land leases unless they are very long-term (99 years). Properties should be as .clean" as possible to satisl)' lenders. He said not just to cap contamination, because "end lenders" - pension funds, insurance companies, etc. - are extremely risk-averse because - , they have deep pockets and expect to be sued for any problems. Congressman Vento interjected that Congress is working on changes in lender liability laws that might help this situation, Wayne Gilbert of Alliant Tech was reminded that he had promised to bring safety-arc maps. He , promised to do so at the next meeting. He also confirmed that Alliant recently won a $93 million contract with AMC, and that most of the work will be done at TCAAP and a site in IDillOis. , Molly Grove reported that Mr. LaFontaine's pre-emption certificate does not apply to TCAAP or lands like it, but to a special classification of federal property. I ACCP distributed "raw data" from their meetings and announced that they will hold 5 to 10 meetings more in July. I No progress was made on the Committee's land-use plan. , , .' I . e I I