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HomeMy WebLinkAboutEXECUTIVE SESSION - 02/13/2024 - LAND ACQUISITIONEXECUTIVE SESSION GENERAL February 13, 2024 6:20 p.m. Chernick Conference Room TOPIC: ❑ LITIGATION ❑ PERSONNEL X LAND ACQUISITION VILLAGE BOARD MEMBERS PRESENT C. JOHNSON Mayor J. BUSH Village Trustee J. FRANKE Village Trustee K. JAROSCH 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 G. KNICKERBOCKER 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 February 13 2024, 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 Date approved by Village Board: 1 February 2025 May 12, 2026 December 17, 2024 February 13, 2024 6:20 pm The Mayor shared that 1201 Busse Road is a 24,000 square foot building that is being considered for acquisition by the Village for storage and water storage purposes. The property is located in the TIF district and is strategically located adjacent to the Village's existing water storage tanks. The Village Manager noted that the acquisition cost price is estimated at $3 million. The consensus of the Board was to approve pursuing the property at 1201 Busse Road. The meeting was adjourned at 6:21 pm.