HomeMy WebLinkAboutEXECUTIVE SESSION - 02/14/2023 - LAND ACQUISITION09
EXECUTIVE SESSION
February 14, 2023
6:27 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
VILLAGE BOARD
MEMBERS ABSENT
STAFF PRESENT
M. ROAN
Village Manager
M. JABLONSKI
Deputy Village Manager
C. GABIGA
Assistant Village Manager
S. LISSNER G. KNICKERBOCKER
Village Trustee Village Attorney
T. MILLER
Village Trustee
C. PROCHNO
Village Trustee
S. SCHMIDT
Village Trustee
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 February 14, 2023, this Executive Session was called to
consider review of Land Acquisition.
Number of pages attached: 1
Date(s) of review for release: February 2025
Date of approval for release:
Date approved by Village Board: March 14, 2023
February 14, 2023
6:27 pm
Mayor Johnson explained that the Village is estimating that approximately $78 million dollars is
available in the Busse/Elmhurst TIF fund.
The Cook County price for their Midway Court parcel is $722,000 and the purchase price for the
property owned by IDOT is $283,500. Although Prime has not closed on the deal yet, Midway
Court is an essential part of the area and will benefit any development in the future. The
consensus of the Board was to authorize staff to pursue the purchase of the Midway court parcels
owned by Cook County and IDOT at these prices.
The meeting was adjourned at 6:29 pm.