HomeMy WebLinkAboutEXECUTIVE SESSION - 08/16/2022 - LAND ACQUISITIONEXECUTIVE SESSION
August 16, 2022
6:39 p.m.
Chernick Conference Room
TOPIC: ❑ LITIGATION ❑ PERSONNEL X LAND ACQUISITION
VILLAGE BOARD
MEMBERS PRESENT
C. JOHNSON
Mayor
P. FEICHTER
Village Trustee
J. FRANKE
Village Trustee
S. LISSNER
Village Trustee
T. MILLER
Village Trustee
C. PROCHNO
Village Trustee
S. SCHMIDT
Village Trustee
VILLAGE BOARD
MEMBERS ABSENT
STAFF PRESENT
M. ROAN
Village Manager
M. JABLONSKI
Deputy Village Manager
C. GABIGA
Assistant Village Manager
D. STORINO
Acting Village Attorney
Pursuant to a duly made and approved motion and a majority vote at a regularly scheduled meeting
of the Mayor and Board of Trustees on August 16, 2022, this Executive Session was called to
consider review of Land Acquisition.
Number of pages attached:
Date(s) of review for release
Date of approval for release:
1
February 2024
Date approved by Village Board: September 13. 2022
August 16, 2022
6:39 pm
The relocation agreement with Rose Garden is on the Village Board Agenda. This agreement
terminates the Rose Garden's existing lease early and makes way for a phased redevelopment
that will allow the commercial businesses in the shopping center to remain operational during
construction. Mayor Johnson explained that the incentives provided to Rose Garden to get them
to relocate and renovate the Sweet Baby Ray's property are similar to incentives the Village
provided to other businesses. The Rose Garden will obtain the property so long as they keep it
operational as a family restaurant for five (5) years. If they do not, the property reverts back to
the Village. In addition, the Village will be providing $400,000 in TIF incentives for the
renovation of the interior and exterior of the property. The Village has final say over the
proposed improvements.
The benefit to the Village is that the vacant building will be renovated and the Village will be
able to keep this popular family style restaurant in the community. The consensus of the Board
was to approve the agreement.
The meeting was adjourned at 6:39 pm.