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HomeMy WebLinkAbout02/03/1998 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 ! . . Carol A. Fields tel 100 South Emerson Street Mount Prospect, illinOIS 60056 ~.. MINUTES ~. C\ (, Y CLOSED SESSION ~ r FEBRUARY 3, 1998 The Closed Session was called to order at 8:47 p.m., in the conference room of the Senior Citizens' Center, 50 South Emerson Street, for the purpose of discussing 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. The Board reviewed previous Closed Session Minutes for December 9, 1997, December 16,1997 and January 13,1998. The consensus among Board members was that these Minutes were an accurate representation of what occurred at these various Closed Sessions. Mayor Farley indicated that the Village Board would formally adopt these Minutes in open session. Property Acquisition Village Manager Michael Janonis provided an update regarding negotiations for the properties located at Two-Ten East Northwest Highway (Francek properties). The Manager indicated that there was still no signed contract. According to the Village's pttorney, a final draft had been transmitted to the Franceks through their attorney. 'Mr. Janonis was hopeful that a contract would be consummated very soon. Mr. Janonis Salso reported that there had been ongoing discussions with the various tenants at the ~"\: properties. It looked as if all existing tenants were either in the process of relocating or w' were interested in doing so, including Keller Orthotics which had the longest current lease. \\ ~ Board members asked that the Village Manager keep them informed of any developments '\' with regard to this property. Mr. Janonis also indicated that Mayor Farley, Bill Cooney and he had met with the owner of the Two West Busse property which is currently for sale. Mr. Janonis indicated that the owner offered to sell the property to the Village for $335,000. The owner admitted that this was slightly higher than a contract he claimed he currently had pending for sale of the property. The Mayor indicated that he would discuss the owner's offer with the Village Board and provide him with a firm response. Discussion among Village Board members resulted in a consensus that this property was not a priority in terms of property assemblage and, therefore, there was no interest in either accepting the offer or countering same. Staff was instructed to let the owner know of the Village Board's decision. The Village Board discussed appropriate strategy for acquisition of the Three South Wille Gunk yard) property. Board members reviewed the Phase I Environmental Report which indicated that there was some contamination present but in amounts which, if the property were developed as commercial, would not require extensive clean-up. It was also noted that the Village's appraisal for the property was $185,000. It was estimated that if an extensive clean-up of the property were required, it could cost in the neighborhood of $100,000. Mr. Janonis reported that the owner was not willing to reduce his asking price much beyond $175,000 based on the fact that the most likely development was commercial and, therefore, clean-up would not be expected to be extensive. After considerable discussion, the Village Board indicated that they were uncomfortable assuming the clean-up risk without knowing what type of development might take place. Further discussion among Board members resulted in a consensus that the Village break off negotiations with the owner for the time being. Once developer proposals were received and analyzed, the Board could reconsider pursuing purchase of this property. Trustee Corcoran indicated that he had recently met for breakfast with Tom Reindl, co- " (_ owner of Northwest Electric. Trustee Corcoran indicated that it was an informal discussion !!5l designed to reinforce the fact that the Village Board very much wanted to work with ~ Northwest Electric during the redevelopment process. Trustee Corcoran indicated that ,.. ~ Mr. Reindl expressed that the ownership group has been considering alternative locations \ ZI within the Village and specifically referenced the Rand Road corridor. Trustee Corcoran '< was optimistic that discussions could be fruitful in keeping Northwest Electric within the Village if not within the Downtown Redevelopment Project. Village Board members expressed a desire to meet as a group with the owners of Northwest Electric, perhaps in I Closed Session, to discuss the feasibility of acquiring their property. Mr. Janonis was directed to work on a joint meeting. Mr. Janonis also indicated that Mayor Farley, Bill Cooney and he had been meeting with the various business and property owners in the Downtown Redevelopment Project area. So far, the talks had been positive with no real adverse reactions to what the Village is trying to accomplish. The biggest concern was the kind of value they would receive for their property and how they might fit into a redeveloped downtown. Mr. Janonis noted that interestingly enough, many of the businesses indicated that they were currently undergoing self-analysis and future planning to determine what the future of their various businesses would be. Several indicated that they thinking about retiring. Others indicated that their current space was either too small or functionally obsolete. There was no other business conducted in Closed Session and on a Motion by Trustee Hoefert and Seconded by Trustee Lohrstorfer, the Village Board convened into Open Session on a unanimous vote by those Board members present at 9:20 p.m. The Closed Session Minutes of December 9,1997, December 16,1997 and January 13, 1998 were formally adopted. . There was no other business undertaken by the Village Board and the regular Board meeting was adjourned at 9:21 p.m. MEJ/rcc X:\USERSlROBERTAC\W1N\OFFICElMEJ\CS\203CS.MIN