HomeMy WebLinkAboutEXECUTIVE SESSION - 04/13/2021 - Land DispositionEXECUTIVE SESSION
April 13, 2021
5:19 p.m.
Chernick Conference Room
Trustee Lissner moved to enter into executive session, seconded by Trustee Czarnik. The motion
was approved unanimously.
TOPIC: ❑ LITIGATION ❑ PERSONNEL X"LAND DISPOSITION
VILLAGE BOARD
MEMBERS PRESENT
C. JOHNSON
Mayor
N. CZARNIK
Village Trustee
P. FEICHTER
Village Trustee
S. LISSNER
Village Trustee
C. PROC14NO
Village Trustee
S. SCHMIDT
Village Trustee
VILLAGE BOARD
MEMBERS ABSENT
J. FRANKE
Village Trustee
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 April 13, 2021, this Executive Session was called
to consider review of Land Disposition.
Number of pages attached: 1
Date(s) of review for release: February 2023
Date of approval for release:
Date approved by Village Board: April 27, 2021
April 13, 2021
5:19 pm
Two different data center companies are interested in developing the Former Elk Grove Motel
Site —Advantage and Prime. Prime provided a proposed layout and site elevations, which were
distributed to the Committee. Prime is proposing to build approximately 915,000 square feet of
data center on the property, with three facilities that would be three stories tall. They would plan
to construct Buildings A and C, at the north and south ends of the site, as soon as possible. The
remaining building would be built based on their need for additional space.
Prime's proposal also includes acquisition of the Vulcan rock crushing facility to allow ComEd
to build a substation on that property to meet their needs. The total estimated costs for Prime's
proposed development are $5-6 billion.
Mayor Johnson recommended moving forward with Prime's proposal, which includes 300,000
more square feet of building than Advantage. Additionally, Prime's proposal would cover all of
the Village's costs —over $28 million —for land acquisition, including the 5% realtor fee, and
over $9 million paid back to the Village for land we have already acquired.
The consensus of the Board was to move forward in working with Prime on a redevelopment
agreement for this property.
The meeting was adjourned at 5:25 pm.