HomeMy WebLinkAboutEXECUTIVE SESSION - 03/24/1998 - LAND ACQUISITION/RELEASED RES NO 14-01 EXECUTIVE SESSION
Date March 24. 1998
Time T55 p.m.
Council Chambers Caucus Room
TOPIC: LITIGATION_ PERSONNEL LAND ACQUISITION X
VILLAGE BOARD VILLAGE BOARD
MEMBERS PRESENT MEMBERS ABSENT STAFF PRESENT
C. JOHNSON G. PARRIN
President Village Manager
N. CZARNIK R. RUMMEL
Village Trustee Asst. Village Manager
B. Dill S. NIEHAUS
Village Trustee Asst. to the Manager
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 March 24. 1998 this
Executive Session was called to consider a Land Acquisition matter.
Number of pages attached: I
Date(s)of review for release: July 1998
Date of approval for release: ; " o�8- ��
March 24, 1998
7:55 p.m.
Land Acquisition
The Village President brought the Village Board up to date on the
status of the Chicago Bears' stadium development proposal. The Village
President stated that he had met with the Bears' organization and
subsequently reviewed potential issues with the Village Manager, Village
Attorney and Mary Riordan on March 24, 1998.
The Village President recommended that the Village seek the
following compensation if the Bears make a formal proposal to the Village:
• a guarantee of at least $4 million in revenue during the stadium's first
full year of existence;
• a commitment of no tax dollars from Elk Grove Village;
• a limit of 10 football events per year with extra events permitted
subject to Village Board approval;
• a commitment to buy construction and operation materials (i.e.:
lights, food, etc.) from Elk Grove companies; and
• a commitment to reimburse the Village for expenses incurred to
consider the Bears development proposal.
The Village President also stated that the Village Board would have
the option of waiving building permit fees for the project if necessary. The
estimated cost of permit fees is approximately $1.3 million.
The Village President stated that the next meeting with the Bears is
scheduled for April 2, with Mary Riordan and George Knickerbocker. If,
after that meeting, it is apparent that the Bears are sincere in their interest in
Elk Grove, the Village President, Village Attorney and Mary Riordan will
travel to Prince George's County, Maryland to conduct research on the
development of Jack Kent Cooke Stadium.
The Village Manager also recommended that the Village Board
formally authorize him to retain Mary Riordan as Special Counsel to the
Village Board for negotiations with the Chicago Bears.
Upon further discussion, the consensus of the Village Board was as
follows:
• to concur with the Village President's recommendations for
negotiating with the Chicago Bears; and
• to appoint Mary Riordan as Special Counsel at the March 24, 1998
Village Board meeting.
The meeting adjourned at 8:20 p.m.
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