HomeMy WebLinkAboutEXECUTIVE SESSION - 07/08/2002 - LAND ACQUISITION/RELEASED RES NO 40-04 (2) EXECUTIVE SESSION
Date July 8, 2002 COPY
Time 7:01 p.m.
Chemick Conference Room
TOPIC: LITIGATION_ PERSONNEL _ LAND ACQUSITION X
VILLAGE BOARD VILLAGE BOARD
MEMBERS PRESENT MEMBERS ABSENT STAFF PRESENT
C. JOHNSON C. PROCHNO G. PARRIN
Mayor Village Trustee 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
Village Trustee
J. PETRI
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 July 8. 2002 this
Executive Session was called to consider a Land Acousition matter.
Number of pages attached: 1
Date(s) of review for release: December 200'2/
Date of approval for release: ?Q5 /Ua. yd'Q�
07/08/02
7:01 p.m.
Land Acquisition
The Mayor reported that the South Suburban Airport Coalition presented
the plan to construct a third airport at a press conference this morning.
Municipal agencies and private real estate and airport development firms
plan to establish a public/private partnership to construct an airport in
Peotone.
The Mayor reported that the next phase of the project will include the
development of a feasibility study. The developer estimates that the cost of
the study will approximate $5 million, and that the developer will pay 50%
of this cost. The other 50% will be contributed by municipalities, which at
this time are Bensenville, Elk Grove Village, and Park Ridge. The Mayor
noted a number of other municipalities and councils of government
expressed interest in participating in this project, both as a member and
financial partner. The Mayor said the first main phase of the project should
still be less than $650,000, but in order to have enough available funds to
carry through the whole project, $1 million should be more than enough.
The unanimous consensus of the Board was to schedule authorization of up
to a $1 million contribution at the July 23, 2002 Village Board meeting.
The Mayor is still hopeful, with other towns joining, our portion could be
significantly reduced or eliminated.
The meeting adjourned at 7:24 p.m.