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HomeMy WebLinkAboutEXECUTIVE SESSION - 05/14/2002 - LAND ACQUISITION/RELEASED RES NO 40-04 (3) EXECUTIVE SESSION COPY OPY Date May 14. 2002 Time 6:34 p.m. Chernick Conference Room TOPIC: LITIGATION, PERSONNEL _ LAND ACQUISITION X VILLAGE BOARD VILLAGE BOARD MEMBERS PRESENT MEMBERS ABSENT STAFF PRESENT C. JOHNSON G. PARKIN 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 May 142002 this Executive Session was called to consider a Land Acquisition matter. Number of pages attached: I Date(s)of review for release: December 2002 Date of approval for release: �5 AD - 05/14/02 6:34 p.m. Land Acquisition The Mayor reported that the developer of the Rohlwing Grove shopping center advised the Village last week about financing problems which led to revisions to their plan for the redevelopment. Among the changes is the reduction in the size of the proposed hotel from 4 to 3 stories, and the doubling of the proposed banquet facility to accommodate 1,000 guests. The Village Attorney reported that negotiations with prospective tenants are ongoing, but currently include Biaggio's, a Superossa, Oberweiss, and possibly a steak house. IHOP is being considered for the outlot at this time. The Mayor noted that June 18 is the target date for Village approval of a redevelopment agreement. The meeting adjourned at 6:42 p.m.