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HomeMy WebLinkAboutEXECUTIVE SESSION - 07/13/1993 - LITIGATION/RELEASED RES NO 29-95 EXECUTIVE SESSION Elk Grove Village Date July 13, 1993 Time 7:59 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 M. Tosto R. Rummel village Trustee Asst. V1g. Mgr. N. Czarnik, R. Farrell, Village Trustee Admin. Assistant J. Petri, G. Knickerbocker, Village Trustee Village Attorney 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 July 13, 1993, this Executive Session was called to consider a litigation matter. Number of pages attached: 1 s\ �� Date(s) of review for release: 12/1/93 RP N� Date of approval for release: 7113193 7 :59 p.m. LITIGATION The Village President noted that the Village may have to litigate against the developer of Park Chardonnay due to some building problems that exist on the site. The Village President also noted that in the future we should consider requiring a 10% performance bond for private improvements. The Village Manager added that staff is currently withholding temporary certificates of occupancy from the developer until the problems are solved. The Village Manager noted that it is also possible to withhold real estate transfer tax stamps. However, in doing so the Village Attorney noted that the developer may litigate against the Village. The consensus of the Board was to permit staff the ability to withhold real estate transfer tax stamps from the developer in order to obtain commitments from the developer to correct outstanding problems at the development since the developer has been unresponsive to Village requests. The meeting adjourned at 8:00 p.m.