HomeMy WebLinkAboutEXECUTIVE SESSION - 12/17/2002 - LAND ACQUISITION/RELEASED RES NO 40-04 (2) EXECUTIVE SESSION COPY
Date December 17, 2002
Time 6:57 P.M.
Chemick Conference Room
TOPIC: LITIGATION_ PERSONNEL _ LAND AQUISITION 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. Village Manager
B. DILL P. VADOPALAS
Village Trustee Asst. to the Vlg. Mgr.
P. FEICHTER G. KNICKERBOCKER
Village Trustee Village Attorney
S.LISSNER H. INGEBRIGTSEN
Village Trustee Finance Director
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 December 17. 2002 this
Executive Session was called to consider a Land Acquisition matter.
Number of pages attached: 1
Date(s) of review for release: June. 2003
Date of approval for release: Tamps AA YO- 9
12/17/02
6:57 p.m.
Land Acquisition
The Mayor updated the Board on the Rohlwing Grove redevelopment. Comb has
experienced some difficulties in obtaining financing for hotel construction on the west
half of the redevelopment site. The Mayor stated that TIF funds will be offered to
finance the hotel project,but not for other redevelopment activities.
Comb plans to close on the purchase of the west half from the Village by February 28,
2003. If that deadline is not met, then Corrib is required to pay$100,000 to the Village,
and the Village will re-evaluate the project at that point.
The Mayor reported that permits can be issued for redevelopment work on the east side of
the site, and that Comb intends to begin construction work next week.
Meeting ended 7:05 p.m.