HomeMy WebLinkAbout04/28/1998 CS minutes
.,
. ,
Phone: (847) 392-6000
Fax: (847) 392-6022
TOO: (847) 392-6064
MAYOR
Gerald L. Farley
TRUSTEES
George A. Clowes
'rnothy J. Corcoran
Paul Wm. Hoefert
Richard M. Lohrstorfer
Daniel A. Nocchi
Irvana K. Wilks
VILLAGE CLERK
Carol A. Fields
Village of Mount Prospect
1 00 ~erson Street Mount Prospect. Illinois 60056
" ~;(\
/) '- MINUTES
{ \/ CLOSED SESSION
\. APRIL 28,1998
VILLAGE MANAGER
Michael E. Janonis
The Closed Session was called to order at 9:58 p.m., in the conference room of the Senior
Citizens' Center, 50 South Emerson Street, for the purpose of discussing Personnel and
Property 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.
Board members reviewed the draft Closed Session Minutes from April 7, 1998. The
Board's consensus was that the draft Minutes were an accurate repmsentation of the
discussion which took place at that meeting. Mayor Farley indicated that the Minutes
would be formally adopted in Open Session.
Personnel
~
Property Acquisition
Village Manager Michael Janonis indicated that closings on the Franceks and junk yard
property were scheduled for the next day. Mr. Janonis noted that Northwest Electric still
had not responded to requests for information and that the Village's Attorney Bill Ryan
would be contacting Northwest Electric's attorney to set up a meeting. Mr. Janonis also
indicated that in discussing property acquisition strategy with the Town Centre LLC
representatives, it was noted that in order to maintain the Tax Exempt status of any Bonds
fissued by the Village, it might require that the developer actually purchase the properties
~ question and that proceeds would need to be held in escrow so as not to taint the Tax
Bncfement Allocation Fund. These were details which would be worked out with the
\S- attorneys and financial advisors.
~ Mr. Janonis also noted that he had had fairly detailed discussions with representatives from
the First Chicago Bank group regarding either the purchase or lease of space at the
downtown office building. He indicated that First Chicago seemed more interested in
leasing space than in selling the building.
Brief discussion among Board members indicated a greater desire to purchase the building
than to become tenants. There was some concern expressed regarding the sometimes
volatile nature of leases and well as the long-term cost to the Village. Staff was directed
to review various options with an eye on looking at what was in the Village's best long-term
interest.
NI~'S::>8ZV\s::>\r3~\3::>I~~O\N1M\::>'11l:l380l:l\Sl:l3sm:x
~~)J;r3 V\I
'pall!wqns Allnll~adsa~
'w'd 017:0 ~ le S)lI!M aa~snJl
Aq papuo~as pue lJaJaoH aalsnJ.L Aq UO!lOV\l e uo paseq alOA snow!ueun Aq pauJnofpe
seM Uo!ssas pasol8 a~.L 'uo!ssas pasol8 U! passn~slP ssauIsnq Ja~lO ou seM aJa~.L
'lSanbaJ a~l paAoJdde pJeog a5ell!^ a~l 'a~uassa ~
a~l JO seM aW!lle~l uaAI8 'sleS!eJdde lenp!A!pU! uo pJeog a5ell!^ a~l WOJJ uOISSIWJad
)laas Ol paau a~l ale!Aqo PlnOM S!~l 'eaJe luawdolaAapaJ a~l U!~l!M sa!lJadoJd a~l JO lie r.:O
JOJ SleS!eJdde )laas ol pJeog a5ell!^ a~l WOJJ UO!ss!wJad paA!a~aJ pue pa)lse S!UOuer 'JV\I ~
'Jallew a~l JO uO!lnlosaJ )I~!nb d)1-
JOJ ~snd pue dn-MolloJ ol papaJ!p seM jJ.elS '5u!Pl!nq PJ!~l a~l 5u!pnJlSUO~ U! palsaJaluI
aq PlnOM sJapl!ng POOMJON Ja~la~M Ol se apew seM AJ!nbul 'alls 5UIPl!nq PJ!~l a~l uo
asop Ol pa!.J!SJaA!O pal!Un JOJ sAep 09 Ja~lOUe 5u!l!eM U! ssauIseaun ue pale~!pu! Aaj.le::l
JOAeV\l "JuawdolaAaa JaMoJ>t:>ol::> a~l JO snlels a~l 5u!pJe5aJ uo!ssn~s!p Japq seM aJa~l