HomeMy WebLinkAbout11/24/1992 CS minutes
MAYOR
GERALD L FARLEY
TRUSTEES
MARK W BUSSE
GEORGE A CLOWES
TIMOTHY J. CORCORAN
LEO FLORoS
PAUL WM HoEFERT
IRVANA K. WILKS
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
Phone: 708 / 392-6000
Fax: 708 / 392-6022
MINUTES
EXECUTIVE SESSION
NOVEMBER 24, 1992
The Executive Session was called to order at 10:57 p.m., in the second floor Conference
Room of the Senior Citizens Center, 50 South Emerson Street, for the purpose of
discussing Litigation and Property Acquisition. Present at the Executive Session were:
Mayor Gerald Farley; Trustees Mark Busse, George Clowes, Paul Hoefert and Irvana
Wilks. Absent from the Executive Session were Trustees Timothy Corcoran and Leo
Floros. Also present were Village Manager Michael Janonis and Finance Director David
Jepson.
Litigation
The Village Manager discussed the potential for a challenge being brought by other
taxing bodies to the proposed Amendment #2 to the Tax Increment Finance District.
Mr. Janonis stated that the Village had met all Statutory notice and publication
requirements and that the Joint Review Board had met and was in the process of
rendering its non-binding findings with regard to the eligibility of the Amendment. The
Village Board Directed the Village Manager to proceed with the Public Hearing and
prepare necessary Ordinances for the extension of the District.
Property Acquisition
Trustee Hoefert asked that the Village Board consider the feasibility of acquiring some
of the property along the east side of Wille Street under the control of Northwest
Electric. Trustee Hoefert expressed an opinion that the Village should have as much
control as possible over the property that would be immediately adjacent to the revised
Broadacre proposal for development on the Pine-Wille block.
There was general discussion regarding the value of such property to the Village and
staff was directed to prepare preliminary estimates regarding the value of the property
under discussion.
The Executive Session was adjourned at 11:42 p.m. after a Motion by Trustee Hoefert
and Seconded by Trustee Busse.
MEJ / rcc