HomeMy WebLinkAboutEXECUTIVE SESSION - 02/11/2003 - LAND ACQUISITION/RELEASED RES NO 7-05 RECEIVED
EXECUTIVE SESSION MAR 10
2003
Date February 11, 2003 VILLAGE CLERK'S OFFICE
Time 6:25 p.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. Village Manager
B. DILL P. VADOPALAS
Village Trustee Asst, to the Manager
P. FEICHTER H. INGEBRIGTSEN
Village Trustee Finance Director
S. LISSNER G. KNICKERBOCKER
Village Trustee Village Attorney
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 February 11. 2003 this
Executive Session was called to consider a Land Acquisition matter.
Number of pages attached: 1
Date(s)of review for release: December 2003
Date of approval for release:
COPY
2/11/03
6:25 p.m.
Land Acquisition
The Village Manager reported that Gullo International has submitted an offer for the
Village's 5-acre parcel at Dierking Terrace. The offer includes a purchase price of
$1,084,000, including land cost of$800,000, $265,000 for roadway improvement, and
$19,000 for engineering drawings. The interest in this property is based on potential
industrial development on the east side of Dierking. The consensus of the Board was to
approve this offer contingent on deposit of earnest money, and to authorize the Village
Manger to negotiate a sales contract.
The meeting ended at 6:29 p.m.