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HomeMy WebLinkAboutEXECUTIVE SESSION - 09/23/1997 - LITIGATION/RELEASED RES NO 14-01 EXECUTIVE SESSION Date September 23. 1997 Time 6.30 p.m. TOPIC: LITIGATION—X PERSONNEL_ LAND ACQUISITION_ 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 Sptember 23. 1997 this Executive Session was called to consider a Litigation matter. Number of pages attached: 1 Date(s) of review for release: lanuary 1998 Date of approval for release: "a7'0/ 9/23/97 6:30 p.m. LITIGATION The Village Attorney brought the Village Board up to date on the status of the Hampton Inn Special Use Permit public hearing. The Village Attorney stated that the attorney for Hampton Inn had contacted the Village and requested the opportunity to negotiate a settlement for the removal of the billboard sign from their property. The billboard property is currently leased from Hampton Inn through March of 1998 by Universal Billboard Signs. Upon further discussion, the consensus of the Committee was to authorize the Village Attorney to negotiate a settlement with Hampton Inn subject to the following guidelines: • that the Village be entitled to 50% of all revenues received by Hampton Inns from Universal Billboard Signs for the period of April 1997 through March 1998; • that the Village's 50% of the revenue be put in escrow to be used by Hampton Inns to litigate against Universal Billboard signs if the existing billboard is not removed at the end of the lease, March 1998; • to set a public hearing for October 9, 1997 at 7:00 p.m. to consider Hampton Inns special use permit if negotiations are unsuccessful. The meeting adjourned at 6:49 p.m. Ik