HomeMy WebLinkAboutEXECUTIVE SESSION - 02/11/1997 - LAND ACQUISITION/RELEASED RES NO 14-01 EXECUTIVE SESSION
CDate February 11 1997
Time 6:00 p.in.
TOPIC. LITIGATION— PERSONNEL_ LAND ACQUISITION —X
VILLAGE BOARD VILLAGEBOARD
MEMBERS PRESENT MEMBERS ABSENT STAFF PRESENT
D. GALLITANO G. PARRIN
President Village Manager
1. PETRI R. RUMMEL
Village Trustee Asst. Village Mgr.
N. CZARNIK S. NIEHAUS
Village Trustee Administrative Asst.
P. RETTBERG A. BOFFICE
Village Trustee Director of
C. JOHNSON Engineering &
Village Trustee Community
C S. LISSNER Development
Village Trustee G. KNICKERBOCKER
P. FEICHTER Village Attorney
Village Trustee M. Riordan
Special Counsel
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 FebruaQ� 11. 1997
this Executive Session was called to consider a Land Acquisition matter.
Number of pages attached: 1
Date(s) of review for release: July 1997
Date of approval for release: -A-7 O I
X
C 2/11/97
6:00 p.m.
SALE OF PROPERTY
Mary Riordan brought the Village Board up to date on the status of
negotiations for the sale of the Grove Mall property to Hamilton Partners. Riordan
stated that there were several remaining issues which needed to be discussed by
the Village Board, including the following:
the amount of monetary assistance the Village Board is willing to authorize for the
project,
the amount of green space between the Municipal Complex and Library;
the size of the plaza area;
Carchitectural style and building materials, and
water detention issues.
These issues will impact the sales contract and price of the real estate
transaction.
In addition, Riordan stated that the March 15, 1997 deadline for due
diligence on behalf of Hamilton Partners should not be flexible and that the Village
Board should be prepared to seek an agreement with other developers if Hamilton
Partners cannot satisfy the due diligence requirements as requested.
Trustee Rettberg moved, and Trustee Czarnik seconded a motion, to
adjourn into Committee of the Whole discussion. Upon voting, the motion was
unanimously approved.
The meeting adjourned at 6:40 p.m.
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