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HomeMy WebLinkAboutEXECUTIVE SESSION - 07/08/2002 - LITIGATION/RELEASED RES NO 40-04 EXIF,CUTIVE SESSION Date July 8, 2002 COPY Time 6:46 mm. Chernick Conference Room TOPIC: LITIGATION X PERSONNEL _ LAND ACQUSITION , 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 Litigation ion matter. Number of pages attached: 1 Date(s) of review for release: December 2002 Date of approval for release: TQS 1j�d .Q 07/08/02 6:46 p.m. LITIGATION The Mayor discussed the development of a new Real Estate Transfer Tax to apply to any property in the Village that is removed from the Village's tax rolls. He noted a higher rate should be applied to compensate all impacted taxing bodies for the permanent loss of tax revenues. The Village Attorney will research this issue and report back to the Board of Trustees. The meeting adjourned at 7:00 p.m.