HomeMy WebLinkAboutEXECUTIVE SESSION - 01/08/2019 - Land Acquisition/Disposition (2)EXECUTIVE SESSION
January 8, 2019
6:19 p.m.
Chernick Conference Room
TOPIC: ElLITIGATION ❑ PERSONNEL X LAND ACQUISITION/
DISPOSITION
VILLAGE BOARD
MEMBERS PRESENT
C. JOHNSON
Mayor
N. CZARNIK
Village Trustee
P. FEICHTER
Village Trustee
J. FRANKE
Village Trustee
S. LISSNER
Village Trustee
J. PETRI
Village Trustee
C. PROCHNO
Village Trustee
VILLAGE BOARD
MEMBERS ABSENT
STAFF PRESENT
R. RUMMEL
Village Manager
M. ROAN
Deputy Village Manager
M. JABLONSKI
Assistant Village Manager
G. KNICKERBOCKER
Village Attorney
Pursuant to a duly made and approved motion and a majority vote at a regularly scheduled meeting
of the Village President and Board of Trustees on January 8, 2019, this Executive Session was
called to consider review of Land Acquisition/Disposition.
Number of pages attached:
Date(s) of review for release
Date of approval for release:
Date approved by Village Board
1
August 2019
February 26, 2019
January 8, 2019
`.- 6:19 p.m.
The Mayor met with the developer looking to acquire the Elk Grove Motel from the Village. As
part of the proposed hotel development, the developer will look to pursue an Outback
Steakhouse type user for the restaurant piece. The Village is working with the developer to
purchase the small shopping center adjacent to the Elk Grove Motel site.
The proposed development deal would include the Village providing the land for the Elk Grove
Motel at no cost, on a staged basis. Additionally, the Village has offered to pay up to the
previously offered purchase price of $1.45 million for the shopping center, if the developer can
close the deal with the current owner.
The development will include two hotels, a Tru by Hilton and a Holiday Inn Express -type flag.
The developer would like to begin construction in the spring and have one hotel and a restaurant
completed in about a year from then.
The meeting was adjourned at 6:23 p.m.