HomeMy WebLinkAbout11/04/1998 CS minutes
TRUSTEES
George A. Clowes
Timothy J. Corcoran
Paul Wm. Hoefert
Richard M. Lohrstorfer
Daniel A. Nocchi
Irvana K. Wilks
Phone:
Fax:
TOO:
(B47) 392-6000
(B47) 392-6022
(B47) 392-6064
MAYOR
Gerald L. Farley
VILLA<:iE MANAGER
Michael E. Janonis
VILLAGE CLERK
Velma W. Lowe
Village of Mount Prospect
100 South Emerson Street Mount Prospect, Illinois 60056
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MINUTES
CLOSED SESSION
November 4, 1998
The Closed Session was convened at 9:55 p.m. by Mayor Fartey to discuss Property Acquisition.
Present were: Trustees George Clowes, Paul Hoefert, Richard Lohrstorfer. Daniel Nocchi and
Irvana Wilks. Absent from the Closed Session was Trustee Timothy Corcoran. Staff present
included: Village Manager Michael Janonis, Assistant Village Manager David Strahl and Community
Development Director William Cooney.
Property ACQuisition
Village Manager Janonis provided an update regarding downtown redevelopment reviewed a
memorandum from Bill Cooney regarding the status of various property acquisitions. Negotiations
continue with Three West Central and with Northwest Electric regarding the structure of a possible
agreement to purchase and Sales Tax rebate options.
There was substantial discussion regarding the possible Sales Tax rebate for Northwest Electric and
how the deal should be structured without setting a precedence for other downtown businesses,
which may need to be relocated.
Consensus of the Village Board was to not change the last offer to Northwest Electric and
work within the parameters which had previously been discussed with them.
There was also discussion regarding 20 West Northwest Highway.
Consensus of the Village Board was to not consider this property for redevelopment at this
time due to the limited funds available for development. There was also consensus to move
forward with the offer regarding the purchase of White Hen for relocation of the Fannie May
property.
Manager Janonis provided an update regarding the property, which could be considered for use of
the ring road at Route 83/Kensington/Rand. Appraisal has been completed on the property. but the
Village does not have the funds nor does lOOT at this time to consider purchase for future
development.
Consensus of the Village Board was to explore the possibilities of purchasing the property
before any structure needs to be relocated and is built upon the property in question.
The meeting adjourned at 11 :06 p.m.
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Respectfully submitted,
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DAVID STRAHL
Assistant Village Manager