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HomeMy WebLinkAboutEXECUTIVE SESSION - 02/24/1998 - LAND ACQUISITION/RELEASED RES NO 14-01 EXECUTIVE SESSION Date February 24. 1998 Time 6700 p.m. Chernick Conference Room TOPIC. LITIGATION— PERSONNEL LAND ACQUISITION X VILLAGE BOARD VILLAGE BOARD MEMBERS PRESENT MEMBERS ABSENT STAFF PRESENT C. JOHNSON N. CZARNIK G. PARRIN President Village Trustee Village Manager B. Dill R. RUMMEL Village Trustee Asst. Village Manager P. FEICHTER S. NIEHAUS Village Trustee Asst, to the Manager S. LISSNER G. KNICKERBOCKER Village Trustee Village Attorney J. PETRI M. RIORDAN Village Trustee Special Counsel C. PROCHNO Village Trustee i 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 24. 1'498 this Executive Session was called to consider a Land Acquisition matter. Number of pages attached: 1 Date(s) of review for release: lul�yy 1998 Date of approval for release: 2/24/98 6:00 p.m. Land Acquisition The Village President informed the Village Board that he would issue a press release at the February 24, 1998 Village Board meeting regarding the Chicago Bears' interest in developing a football/hotel facility in Elk Grove. The press release confirms that the Village has been contacted by the Bears and that they are being treated like every other developer that approaches the Village. As such, the Village will be performing research on potential impacts of development on the community. Upon discussion, it was the consensus of the Village Board to issue the press release as prepared. The Village President also informed the Village Board that he had met with the Chicago Bears on February 19, 1998 to facilitate dialog between the Bears and Alan Busse on the purchase of land. He also expressed to the Bears the need to regulate entertainment other than Bears games. The Village President introduced Mary Riordan as Special Counsel to the Village Board in regards to stadium development. Riordan recommended that the Village take the following actions in their discussion with the Chicago Bears organization: • to request the Chicago Bears to submit a written proposal of their development plans; • contact other municipalities that have dealt with stadium development to gain an understanding of potential issues and concerns; • to require the Bears to submit a Letter of Credit in the amount of$100,000 to be surrendered to the Village if the Bears do not proceed with the project; and • to have all correspondence from the Bears marked "confidential, personal and proprietary." Upon further discussion, the consensus of the Village Board was to concur with Riordan's recommendations. The meeting adjourned at 7:1Op.m. Ik