HomeMy WebLinkAboutEXECUTIVE SESSION - 06/18/2002 - LAND ACQUISITION/RELEASED RES NO 40-04 EXECUTIVE SESSION COPY
Date June 18,2002
Time 6:14 n.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. 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
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 June 18. 2002 this
Executive Session was called to consider a Land Acouisition matter.
Number of pages attached: 1
Date(s) of review for release: December 200``2
Date of approval for release: 5• /I/, . //
. 7d 'Q y
6/18/02
6:14 p.m.
Land Acquisition
The Village Attorney provided an update on the Rohlwing Grove redevelopment. He
reported that the Antique Mart and Villa Marcella restaurant will move as of July 31".
The Village Attorney has negotiated a purchase of the outlot(Hall of Fame) for$625,000
and will need authorization to submit 10% of this amount as earnest money.
He noted that Corrib's financing has been finalized, and that the Village's costs will be
recouped by the sale of the outlot and west half of the property to Corrib Construction.
The plan will need to go before the Plan Commission in August for rezoning the property
from B-2 to B-3 and for a variation to the Village's height restrictions to permit a three-
story hotel. The Village will act as co-petitioner before the Plan Commission.
The consensus of the Board was to approve the $625,000 purchase of the outlot at
tonight's Village Board meeting.
The meeting ended at 6:20 p.m.