HomeMy WebLinkAboutEXECUTIVE SESSION - 11/13/2001 - LAND ACQUISITION/RELEASED RES NO 8-04 (2) COPY , :, ,.
NOV
EXECUTIVE SESSION
Date November 13, 2001
Time 6:00 p.m.
Chernick Conference Room
TOPIC: LITIGATION_ PERSONNEL _ LAND ACQUISITION X
VILLAGE BOARD VILLAGE BOARD
MEMBERS PRESENT MEMBERS ABSENT STAFF PRESENT
C. JOHNSON G.PARRIN
Mayor Village Manager
N. CZARNIK R.RUNNEL
Village Trustee Asst.Village Manager
B. DILL P.VADOPALAS
Village Trustee Asst.to the Manager
P.FEICHTER G.KNICKERBOCKER
Village Trustee Village Attorney
S. LISSNER
Village Trustee
J. PETRI
Village Trustee
C. PROCHNO
Village Trustee
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 November 13.2001 this
Executive Session was called to consider a Land Acouisition matter.
Number of pages attached: I
Date(s)of review for release: June 2002
Date of approval for release: 1 O y
I7
1
11/13/01
6:00 p.m.
Land Acquisition
The Mayor provided an update on the redevelopment of the Rohlwing Grove shopping
center.
Mike Connelly of Corrib Construction Company, the new owner of the east half of the
shopping center, is in the process of negotiating the purchase of the west half from the
Village, and has expressed interest in acquiring the outlot.
The Village Attorney reported the plan for the site includes a Comfort Inn Suites hotel,
conference/banquet facility,Harrision's Microbrewery, and other potential tenants such
as TGI Friday's and Outback Steakhouse. Villa Marcella would be relocated to the east
side of the site, fronting Nerge Road.
The Mayor noted the Village will likely need to implement the TIF district previously
approved by the Board to recoup land acquisition costs and attorneys fees and make the
project economically viable.
The Mayor reported that a condominium development on the site would still be an option
should the first plan not materialize. Village Board direction is needed to authorize the
Mayor, Village Attorney,Village Manager&Special Counsel Mary Riordan to negotiate
a Redevelopment Agreement with Comb Construction Company and the consensus of
the Board was to proceed as outlined.
The meeting ended at 6:20 p.m.