HomeMy WebLinkAboutEXECUTIVE SESSION - 04/11/2017 - Land AcquisitionEXECUTIVE SESSION
April 11, 2017
6:02 p.m.
Chernick Conference Room
Topic: 0 Lillnem om 0 PERSOPMEL X LAND ACQUISf 014
VILLAGE BOARD
MEMBERS PRESENT
C. JOHNSON
Mayor
N. CZARNIK
Village Trustee
P. FEICHTER
Village Trustee
J. FRANKE
Village Trustee
S. LISSNER
Village Trustee
J. PETRI
Village Trustee
C. PROCHNO
Village Trustee
VILLAGE BOARD
MEMBERS ABSENT
M. JABLONSKI
Assistant Village Manager
STAFF PRESENT
R. RUMMEL
Village Manager
M. ROAN
Deputy Village Manager
G. KNICKERBOCKER
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 April 11, 2017, this Executive Session was called
to consider a Land Acquisition matter.
Number of pages attached: 1
Date(s) of review for release: November 2017
Date of approval for release:
Date approved by Village Board: July 18, 2017
April 11, 2017
6:02 p.m.
Land Acquisition
The Mayor advised the Board that the Village has reached an agreement on the purchase of
nearly 9 acres of property for a new Public Works Administration and Operations Facility, which
would replace the Landmeier Facility.
The terms of the agreement are as follows for the former Bertholds Nursery site at 434 E. Devon:
• The purchase price will be $7 million;
• A $450,000 contract site demolition of the existing structures on the former Bertholds
site;
• The Village will close on the site on July 5, and the current owner will vacate the
property by Labor Day; and
• The current owner will provide the Village with the Tier 1 environmental assessment, and
will also allow the Village to conduct all necessary site testing prior to close on July 5.
In addition, the Village has also reached an agreement to purchase the TV repair parcel located at
426 E. Devon. The terms for that purchase agreement will be as follows:
• The purchase will be contingent on the purchase of 434 E. Devon (the former Bertholds
Nursery property).; and
• The purchase price will be $790,000.
`'' The consensus of the Board was to approve the purchase of the new real estate.
The meeting was adjourned at 6:12 p.m.