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HomeMy WebLinkAboutEXECUTIVE SESSION - 09/14/1993 - LITIGATION/RELEASED RES NO 24-99 (2) EXECUTIVE SESSION Elk Grove Village Date 9/14/93 Time 10:09 p.m. TOPIC: Litigation X Personnel_ Land Acquisition_ Village Board Village Board MEMBERS PRESENT MEMBERS ABSENT STAFF PRESENT D. Gallitano None G. Parrin Village President Village Manager R. Chernick R. Rummel Village Trustee Asst. Vlg. Manager M. Tosto R. Farrell Village Trustee Administrative Asst. N. Czarnik G. Knickerbocker Village Trustee Village Attorney J. Petri A. Boffice Village Trustee Director of Engr. & C. Johnson Community Develpmt. Village Trustee P. Rettberg 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 September 14, 1993, this Executive Session was called to consider a litigation matter. Number of pages attached: 1 Date(s) of review for release: January 1p994p q Date of approval for release: - �Q ' / / q o�� /� 9114193 10:09 p.m. LITIGATION The Village President reported that a September 20 meeting is scheduled with the owner of the Grove Mall to confirm that a developer has been retained to redevelop the Grove Mall. If the owner has a developer, the Village will begin action to terminate the Jewel Lease. The Village Attorney explained the process involved in condemning the Jewel lease. The first step in the process is to have an appraiser determine the value of the Jewel lease. The second step would be to make an offer to Jewel based upon the value of the lease. At this point a statement of purpose would need to be prepared detailing the exact losses and hardship the lease is causing the Village and owner of the development . The last step would be the adoption of an enabling ordinance to condemn the lease. It was noted that Jewel has advertised for a subleasee of the Jewel space. The consensus of the Board was to have the Village Attorney research the feasibility of pursuing the condemnation of the property and the lease-hold interest of Jewel . The meeting adjourned at 10:25 p.m.