HomeMy WebLinkAboutEXECUTIVE SESSION - 02/04/1997 - LAND ACQUISITION/RELEASED RES NO 14-01 EXECUTIVE SESSION
Date February 4 1997
Time 670512.M.
TOPIC: LITIGATION PERSONNEL _ LAND ACQUISITION X
VILLAGEBOARD VILLAGEBOARD
MEMBERS PRESENT MEMBERS ABSENT STAFF PRESENT
D. GALLITANO G. PARRIN
President Village Manager
N. CZARNIK R. RUMMEL
Village Trustee Assistant Village Manager
P. FEICHTER S. NIEHAUS
Village Trustee Administrative Assistant
C. JOHNSON G. KNICKERBOCKER
Village Trustee Village Attorney
S. LISSNER M. RIORDAN
Village Trustee Special Counsel
` J. PETRI
Village Trustee OTHERS
P. RETTBERG
Village Trustee T. BERLINGHOFF (6:35 p.m.)
Hamilton Partners
J. SHERIDAN (6:35 p.m.)
Hamilton Partners
R. MCKAY(6:35 p.m.)
Hamilton Partners
G. DESTEFANO (6:35 p.m.)
Hamilton Partners
B. MARTINSON (6:35 P.M.)
Hamilton Partners
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 4 1997 this Executive
Session was called to consider a Land Acquisition matter.
Number of pages attached: 1
Date(s) of review for release: IULY 1997
Date of approval for release: '�/ ,
2/4/97
6:05 p.in.
Grove Mall Redevelopment Sales Agreement
Special Counsel Riordan discussed the status of negoti
redevelopment sales agreement.
There are several open issues. Riordan distributed alternative language on
the ability to obtain further sales dollars for the property based on sharing a return
in excess of 11 % cash on cash in 1999. The agreement should be finalized for
Village Board action on March 11, 1997.
The Village must proceed with a text amendment to the Zoning Ordinance
for a B-5 zoning district. A Public Hearing with the Plan Commission is tentatively
scheduled for February 24, on a text amendment to create the "Town Center"
zoning district, to rezone the Grove Mall property; and to present a preliminary site
plan. These are items required of the Village under the agreement.
In addition, the Village Board will be holding a joint meeting with the Plan
Commission on March 5 , to review site plans, landscaping, subdivision, lighting,
and other items. The representative from the Library, Ralph Schuman, will be
included in discussions on these matters.
To finalize negotiations, the Village Board must provide direction on two
items: Village Green; and, site architecture. The value of the property is subject to
Village Board decision on both items. The Village Board invited representatives
from Hamilton Partners into the meeting at 6:35 p.m. to discuss these site issues
only.
The meeting recessed at 7:05 p.m. The meeting reconvened at 7:40 p.m.
Trustee Rettberg was excused from the meeting at B:OS p.m.
The consensus of the Village Board was to have Hamilton Partners do the
following:
• Present alternatives to the size of the "Village Green" which ties in the
governmental campus with the redeveloped Grove Mall.
• Prepare 2 additional architectural rendering themes;
• Re-examine customer parking needs for the municipal complex, including
the costs to construct a parking garage; and
• Prepare cost figures for Civic Plaza improvements: fountains, pavers, clock
towers, landscape and additional amenities for the Plaza.
The meeting adjourned at 9:25 p.m.
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