HomeMy WebLinkAbout11/18/1997 CS minutes
MAYOR
Gerald L. Farley
Phone: (847) 392-6000
Fax: (847) 392-6022
TOO: (847) 392-6064
TRUSTEES
George A. Clowes
Timothy J. Corcoran
Paul Wm. Hoefert
Richard M. Lohrstorfer
Daniel A. Nocchi
Irvana K. Wilks
VILLAGE MANAGER
Michael E. Janonis
Village of Mount Prospect
VILLAGE CLERK 10 . .
Carol A. Fields ('(JOO South Emerson Street Mount Prospect, illinOIS 60056
t6 ~({) MINUTES
CLOSED SESSION
~ /y_J--- NOVEMBER 18, 1997
The Closed Session was called to order at 9:55 p.m., in the conference room of the Senior
Citizens' Center, 50 South Emerson Street, for the purpose of discussing land Acquisition.
Present at the Closed Session were: Mayor Gerald L. Farley; Trustees George Clowes,
Timothy Corcoran, Paul Hoefert, Richard lohrstorfer, Daniel Nocchi and Irvana Wilks. Also
present were: Village Manager Michael Janonis and Assistant Village Manager David
Strahl.
Village Board members reviewed the draft Minutes of the Closed Sessions for October 28,
1997 and November 11, 1997. After review, there was consensus that the Minutes were
an accurate reflection of the respective meetings' discussions. Mayor Farley indicated
that the Minutes would be formally approved in Open Session.
LAND ACQUISITION
Village Manager Michael Janonis reported that Bill Ryan, the Village's attorney, had not
received a response from the Franceks' attorney regarding the Village's offer of $485,000
for the Two-Ten East Northwest Highway properties. Mr. Janonis provided copies of the
offer letter which was sent to both Heather and Michael Francek as well as their attorney.
The offer did give the Franceks until the end of business on November 24 to respond to
the offer letter.
Village Board members reviewed the current availability of other properties in the Tax
Increment Financing District. Properties discussed included the Terrace Supply site, the
LaTejanita building, the old newspaper building (next to Sakura Restaurant), the junk yard
which fronts on Wille Street. Mr. Janonis indicated that the Village currently owns a parcel
on the east side of Wille Street and the old movie theater lot fronting on Main Street/Route
83.
After brief discussion among Board members, it was determined that current property
acquisition priorities should focus on the old newspaper building due to the fact that it
would enhance the development potential for the Francek properties and the junk yard
property because of its relatively inexpensive price and the fact that it would give the
Village further control on the Main/Wille block. It was further recognized that financial
capabilities of the TIF District were not unlimited and, therefore, the Board must be careful
not to over-extend itself before a specific development project was on the table.
Trustee Nocchi indicated that Tod Curtis had contacted both Trustee lohrstorfer and him
with a request to meet for the apparent purpose of discussing downtown redevelopment
options that would include his building.
It was the consensus of the Village Board that Trustees Nocchi and Lohrstorfer
honor the request to meet with Mr. Curtis. It was understood that Trustees lohrstorfer
and Nocchi would basically listen to Mr. Curtis and any proposal he might pro-offer but they
were not authorized to negotiate a specific deal.
No other discussion took place in Closed Session. On a Motion by Trustee Corcoran and
Seconded by Trustee Lohrstorfer, Board members voted unanimously to end the Closed
Session at 10:19 p.m.
MEJ/rcc