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HomeMy WebLinkAboutVILLAGE BOARD - 11/19/2024 - LAND ACQUISITIONEXECUTIVE SESSION GENERAL November 19, 2024 6:12 p.m. C'hernick 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 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 November 19 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: 1 November 2025 August 11, 2026 Date approved by Village Board: December 17, 2024 November 19, 2024 6:12 pm The property at 1650 Howard is vacant and available for sale. This property would provide more functionality for the Village than the property at 1201 Busse, which could then be sold. It is larger and has more open space. The Village offered $5.25 million, they countered at $5.75 million, and will likely be able to finalize for $5.5 million. The consensus of the Board was to authorize up to $5.5 million for the purchase of this property. The meeting was adjourned at 6:14 pm.