HomeMy WebLinkAbout01/25/1994 CS minutes
MAYOR
GERALD L. FARLEY
TRUSTEES
GEORGE A. CLOWES
TIMOTHY J. CORCORA~l
RICHARD N. HENDRICKS
PAUL WM HOEFERT
MICHAELE W SKOWRON
IRVANA K. Wll'(S
VILLAGE MANAGER
MICHAEL E. JANONIS
VILLAGE CLERK
CAROL A. FIELDS
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Village of Mount Prospect
100 South Emerson Street
Mount Prospect. Illinois 60056
MINUTES
EXECUTIVE SESSION
JANUARY 25, 1994
Phone: 708 / 392-6000
Fax: 708 / 392-6022
TOO: 708 / 392-6064
The Executive Session was called to order at 6:50 p.m., in the lounge area of the Human
Services building, 50 South Emerson Street, for the purpose of discussing Property
Disposition. Present at the Executive Session were: Mayor Gerald Farley; Trustees
George Clowes, Richard Hendricks, Paul Hoefert, Michaele Skowron and Irvana Wilks.
Absent from the Executive Session was: Trustee Timothy Corcoran. Also present were:
Village Manager Michael Janonis, Assistant to the Village Manager David Strahl, Finance
Director David Jepson and Planning Director William Cooney.
The purpose of the Executive Session was to discuss disposition of property.
Specifically, the Board reviewed the Redevelopment Agreement which contained the
conditions for sale of the Village-owned property commonly known as the PinelWille site.
Mayor Farley indicated that staff had been negotiating a Developer Agreement with
Pontarelli and that the Village Board would review the various conditions contained in the
Developer Agreement for the sale of the property. Trustee Hendricks questioned whether
this discussion was a proper issue for Executive Session. Village Manager Michael
Janonis indicated that based on the opinion of the Village Attorney, review of the
Developer Agreement was an appropriate subject for the Executive Session (a copy of
the Village Attorney's opinion is attached hereto).
Mr. Janonis reviewed the terms and conditions of the document entitled, "Agreement for
the Sale and Redevelopment of Land." Mr. Janonis highlighted the fact that the Village
would receive the full purchase price at closing without contingency. Additionally,
numerous traditional "seller's costs" regarding the sale of the property had been shifted
to the developer/purchaser. Mr. Janonis also reviewed various protections included in the
Redeveloper Agreement that limited the Village's potential liability as well as the
requirement that the developer would have to seek appropriate Zoning approvals as a
condition precedent to a final closing on the property. It was also noted that the Village
had negotiated a financial commitment from the developer to assist in any necessary
environmental clean-up of the site as well as guaranteeing that all Village Permit and
Development Fees would be paid.
Trustee Hendricks indicated that he felt the developer should buy the property first without
the Zoning contingency. Trustee Hendricks felt that this would make for a cleaner sales
situation. Planning Director Bill Cooney responded that the Village would have less
control over the property if Zoning came after transfer of title. Based upon brief
discussion, there was agreement that the Zoning contingency should remain.
Bill Cooney reviewed with Board members Exhibit C to the Agreement which allowed for
certain temporary sales signs to be placed on the property. It was indicated that approval
of the Agreement with the signs listed as Exhibit C would constitute final approval of the
signs. Trustee Skowron asked for clarification as to whether the developer would have
to seek approval from the Sign Review Board. Mr. Janonis responded that they would
not.
General discussion among Board members indicated a consensus that the Agreement,
as drafted, was acceptable. Mayor Farley indicated that based on the consensus
expressed by the Board members present, the matter should be considered as part of the
Special Board meeting scheduled for that evening.
On a Motion by Trustee Irvana Wilks and Seconded by Trustee Paul Hoefert, the
Executive Session was adjourned at 7:30 p.m.
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