HomeMy WebLinkAbout03/28/1995 CS minutes
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IUIAYPR
[~RALD L FARLEY
TRUSTEES
GEORGE A. CLOWES
TIMOTHY J. CORCORAN
RICHARD N HENDRICKS
PAUL WM HOEFERT
MICHAELE W SKOWRON
IRVANA K. WILKS
VILLAGE MANAGER
MICHAEL E. JANONIS
VILLAGE CLERK
CAROL A. FIELDS
Village of Mount: Prospect:
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ee Mount Prospect. Illinois 60056
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Phone: 708 / 392-6000
Fax: 708 / 392-6022
TOO: 708 / 392-6064
MINUTES
CLOSED SESSION
MARCH 28, 1995
The Closed Session was called to order at 9:30 p.m., in the conference room of the
Senior Citizens' Center, 50 South Emerson Street, for the purpose of discussing
Property Acquisition/Disposition and Personnel. Present at the Closed Session were:
Mayor Gerald Farley; Trustees George Clowes, Timothy Corcoran, Richard Hendricks,
Paul Hoefert, Michaele Skowron and Irvana Wilks. Also present were: Village Manager
Michael Janonis, Assistant to the Village Manager David Strahl and Community
Development Director William Cooney.
At the beginning of the Closed Session, the Mayor announced that there would be no
____discussions under the heading of Personnel.
( Property AcqulsiUonlDispositlon
: Village Manager Michael Janonis briefly apprised the Board that a tentative appraisal for
the Olde Town Inn property had been secured. Staff was waiting for some additional
information before a final report would be issued. Staff would bring back the final
appraisal report when it was available.
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Village Board members then took up the topic of whether the Village should consider
selling and/or swapping certain Village-owned property for certain properties owned by
Northwest Electric. Based upon previous discussions and a public presentation by
Northwest Electric regarding their Site Plan, Trustees Wilks, Clowes and Hendricks along
with Mayor Farley were in favor of negotiating with Northwest Electric. Trustees Hoefert,
Corcoran and Skowron felt that it would not be in the long-term best interest of the Village
to sell and/or swap these properties because of the adverse impact on future downtown
redevelopment.
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Staff was directed to undertake negotiations with Northwest Electric for the sale and/or
swap of Village parcels for Northwest-owned parcels under a number of conditions: (1)
The Village would receive full market value for its property; (2) the Village would
contribute no TIF Funds for on or off site improvements related to the project; (3) the
building facade would be compatible with existing downtown architecture; (4) a definite
phasing plan would be established to ensure that the project is completed within a
reasonable time frame. It was the Village Board's desire to draft the equivalent of a
"Developer Agreement" with Northwest Electric which would then govern the
redevelopment of the property.
There was no further discussion and the Closed Session adjourned at 10:18 p.m.
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