HomeMy WebLinkAboutEXECUTIVE SESSION - 03/28/2017 - Land AcquisitionEXECUTIVE SESSION
\.. March 28, 2017
5:40 p.m.
Chernick Conference Room
Trustee Petri moved to enter into executive session. Trustee Lissner seconded the motion. Upon
voting (Petri, Lissner, Czarnik, Feichter, Prochno, Franke), the motion carried.
TOPIC: ❑ LITIGATION ❑ PERSONNEL X LAND ACQUISITION
VILLAGE BOARD
MEMBERS PRESENT
C. JOHNSON
Mayor
N. CZARNIK
Village Trustee
P. FEICHTER
Village Trustee
VILLAGE BOARD
MEMBERS ABSENT
G. KNICKERBOCKER
Village Attorney
STAFF PRESENT
R. RUMMEL
Village Manager
M. ROAN
Deputy Village Manager
M. JABLONSKI
Assistant Village Manager
J. FRANKE W. J. PAYNE
Village Trustee Acting 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 March 28, 2017, this Executive Session was
called to consider a Land Acquisition matter.
Number of pages attached: 1
Date(s) of review for release: October 2017
Date of approval for release:
Date approved by Village Board: April 25, 2017
March 28, 2017
5:40 p.m.
Land Acquisition
The Mayor has signed an offer to Berthold's Nursey for $16.50 per square foot. This property is
needed as the location of the new Public Works facility. Berthold's has been asking for $18 per
square foot. The consensus is to offer $18.00 per square foot to acquire the property. The
neighboring property with the TV repair shop has agreed upon the price of approximately $15.00
per square foot, for a total of $790,000.
The Village is still working on acquiring the bank -owned land for the new consolidated fire
station. The Busse Farm Development allows the Village to TIF the area, and since the current
fire station is within the TIF, the Village can be reimbursed with TIF funds for the full value of
the property at 1060 Oakton (including the Fire Station, Salt Barn, Training Tower and land),
which will be paid back to the General Fund with interest in payments totaling $18 million over
23 years. However, if the Busse Farm development does not go through, the Village will only be
able to sell the Oakton Fire Station for its resale value of approximately $3 million.
Village staff believes the Village can move forward to acquire the bank -owned land (as long as
we do not use quick -take authority) and still qualify for reimbursement from a future TIF to
relocate the fire station when necessary. This would require the Village to wait for the Busse
Farm development to go through before moving forward with the fire station relocation.
The consensus of the Board was to move forward with acquiring the land for the Fire Station.
The consensus of the Board was to give the Busse Farm development some time to materialize in
order to maintain the potential TIF reimbursement, and to proceed with construction of the new
fire station if it becomes clear the development will not be moving forward.
Village staff will confirm with legal counsel as to whether the acquisition of land would interfere
with any qualification for TIF reimbursements to relocate the Oakton Fire Station.
The meeting was adjourned at 6:04 p.m.