HomeMy WebLinkAboutEXECUTIVE SESSION - 03/20/2007 - LAND ACQUISITION/RELEASED RES NO 36-08 EXECUTIVE SESSION
Date March 20, 2007
Time 8:55 p.m.
Chernick Conference Room
TOPIC: LITIGATION_ PERSONNEL _ LAND ACQUISITION X
VILLAGE BOARD VILLAGE BOARD
MEMBERS PRESENT MEMBERS ABSENT STAFF PRESENT.
C. JOHNSON B. DILL R. RUM 4EL
Mayor Village Trustee Village Manager
N. CZARNIK P. FEICHTER M. ROAN
Village Trustee Village Trustee Asst. Village Manager.
S. LISSNER M. Krcik
Village Trustee Human Resources Coordinator
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 March 20, 2007 this Executive Session was
called to consider a Personnel matter.
Number of pages attached: 1
Date(s) of review for release: .. /March 22/008(J
Date of approval for release: 1�L A�
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03/20/07
8:55 p.m.
Land Acquisition
The Village Manager advised the Mayor and Board that staff was nearing an agreement with
Mario Gullo to purchase the property at 321 Bond for$1.5 million and then re-sell it in two
years. It was noted that the Village would save approximately$180,000 per year in property
taxes. In order to resolve an outstanding-legal dispute over the property, the Village would be
required to pay John Gullo $36,000 to walk away for buying the property himself. It was noted
that this proposal would save the Village approximately$500,000. It was the consensus of the
Board to proceed with purchasing the.property.
The meeting adjourned at 9:05 p.m.