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HomeMy WebLinkAboutEXECUTIVE SESSION - 11/17/2020 - Land Acquisition/DispositionEXECUTIVE SESSION November 17, 2020 6:26 p.m. Room A, B and C TOPIC: ❑ LITIGATION ❑ 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 C. PROCHNO Village Trustee S. SCHMIDT 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 November 17, 2020, this Executive Session was called to consider review of Land Acquisition/Disposition. Number of pages attached: 1 Date(s) of review for release: February 2021 Date of approval for release: Date approved by Village Board: January 12, 2021 November 17, 2020 6:26pm Bhavik Dani was not able to move forward with the planned hotel development in the Technology Park, but he has connected the Village with a new developer who has indicated that he has the necessary resources to move forward. The Village is working on a new redevelopment agreement with this developer to provide for substantially the same hotel developed as was planned with Dani. The meeting was adjourned at 6:27 pm.