HomeMy WebLinkAboutEXECUTIVE SESSION - 02/12/2002 - LAND ACQUISITION/RELEASED RES NO 40-04 EXECUTIVE SESSION
Date February 12, 2002
Y
Time 6:40 p.m. ijp
Chernick Conference Room
TOPIC: LITIGATION _ PERSONNEL _ LAND ACQUISITION X
VILLAGE BOARD VILLAGE BOARD
MEMBERS PRESENT MEMBERS ABSENT STAFF PRESENT
C. JOHNSON P. FEICHTER 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 Manager
S. LISSNER G. KNICKERBOCKER
Village Trustee Village Attorney
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 February 12, 2002 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: A/1 ��_if5l�
2/12/02
6:40 p.m.
Land Acquisition
The Mayor introduced representatives of Corrib Construction to discuss proposed
concepts for the redevelopment of the Rohlwing Grove shopping center at Rohlwing &
Devon.
The plan includes the construction of a 4-story, 102 room Comfort Inn & Suites Hotel at
the western half of the site. The 69,000 sq. ft. building will have a residential appearance,
and could be constructed in all brick if so desired. A 10,000 sq. ft. restaurant would be
located on the west side of the hotel.
The eastern 3-acres of the site would include retail shopping and upscale restaurants. The
specific tenants would be named later, but include nationally recognized establishments.
The estimated tax revenues total $600,000 in annual sales taxes and $140,000 in
hotel/motel tax revenues.
After discussion, the unanimous consensus of the Board was to authorize staff to begin
negotiating a redevelopment agreement.
The meeting adjourned at 7:20 p.m.