HomeMy WebLinkAboutEXECUTIVE SESSION - 12/04/2000 - LAND ACQUISITION/RELEASED RES NO 23-03 EXECUTIVE SESSION
Date December 4.2000 "
Time 6:30 l.m.
Chemick Conference Room
TOPIC: LITIGATION_ PERSONNEL _ LAND ACQUISITION X
VILLAGE BOARD VILLAGE BOARD
MEMBERS PRESENT MEMBERS ABSENT STAFF PRESENT
C. JOHNSON G.PARRIN
Mayor Village Manager
N. CZARNIK R. RUMMEL
Village Trustee Asst. Vlg. Manager
B.DILL P.VADOPALAS
Village Trustee Assistant to Vlg. Mgr.
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 12/4/00 this
Executive Session was called to consider a Land Disposition matter.
Number of pages attached: 1
Date(s) of review for release: June 2001
Date of approval for release:
12/4/00
6:30 p.m.
LAND DISPOSITION
The Village Attorney updated the Board on the sale of the Dierking Terrace property.
Centerpoint Properties has revised their offer to pay$1.265 million for the property,with
$265,000 earnest money, which will cover the Village's entire cost of roadway
improvements. They are willing to close no later than 4.5 months after the completion of
the roadway. In addition, the 300 sq. ft. parcel containing the JAWA connection will
remain Village property(it is currently an easement)with no reduction of the sales price.
The Village Attorney noted the road could be completed by June 1, 2001, and the closing
would occur no later than November, 2001.
The Village Attorney reported that another offer for the property was recently submitted,
which closely matched the terms of the existing offer.
After some discussion on the offer, the consensus of the Village Board was to direct the
Village Attorney to have the sales contract with Centerpoint Properties ready for
acceptance by the Village Board.
The meeting adjourned at 6:55 p.m.