HomeMy WebLinkAboutEXECUTIVE SESSION - 01/23/2001 - LAND DISPOSITION/RELEASED RES NO 8-04 COPY
EXECUTIVE SESSION
Date January 23,2001 Fri (;
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Time 7:25 p.m. 1'7
1Z,4 V 2001
Chernick Conference Room E L�~�
TOPIC: LITIGATION_ PERSONNEL _ LAND DISPOSITION X
VILLAGE BOARD VILLAGE BOARD
MEMBERS PRESENT MEMBERS ABSENT STAFF PRESENT
C.JOHNSON G,PARRIN
Mayor Village Manager
N. CZARNIK R.RUMMEL
Village Trustee Asst. Vlg.Manager
B.DILL P. VADOPALAS
Village Trustee Assistant to Vlg.Mgr.
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 01(23101 this
Executive Session was called to consider a Land Disposition matter.
Number of pages attached: 1
Date(s)of review for release: December 2001
Date of approval for release: G
Ot
1/23/01
7:25 p.m.
LAND DISPOSITION
The Village Attorney reported that a final contract for the sale of the Dierking Terrace
property has been reached.
The Village has an offer from Centerpoint Properties to buy the property for one million
dollars, who in turn will assign the contract to Gullo International Development for$1.1
million. Closing would occur on April 24, 2001.
Gullo has proposed that the Village would complete the engineering for the roadway
improvement, and reimburse the Village up to $19,000 for this cost. Gullo would then
either improve the road or reimburse the Village up to$265,000 for improvements,
The Village Attorney explained an ordinance drafted to authorize the Village to execute
the two agreements, and the Village Board unanimously approved the adoption of the
ordinance at the January 23, 2001 Village Board meeting.
The meeting adjourned at 7:35 p.m.
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