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HomeMy WebLinkAbout08/25/1998 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. Hoefer! Richard M. Lohrstorfer Daniel A. Nocchi Irvana K. Wilks VILLAGE MANAGER Michael E. Janonis Village of Mount Prospect VILLAGE CLERK Carol A. Fields 100 South Emerson Street Mount Prospect, Illinois 60056 <<~ MINUTES CLOSED SESSION AUGUST 25, 1998 The Closed Session was called to order at 9:46 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 Farley; Trustees George Clowes, Timothy Corcoran, Daniel Nocchi and Irvana Wilks. Absent from the Closed Session were: Trustees Paul Hoefert and Richard Lohrstorfer. Also present were Village Manager Michael Janonis, Assistant Village Manager David Strahl and Community Development Director William Cooney. Property Acquisition Mr. Janonis reviewed with Board members the current status of finding a substitute developer for the third parcel at Clocktower. At this time, it looks like a partnership between Centrum and Freed would be making a bid on the property. Mr. Janonis reviewed the mechanics of a substitution, which would include an Amendment to the Developer Agreement. As part of that Amendment, the Village would receive $100,000 in liquidated damages from Pontarelli. Mr. Janonis indicated that the attorney for Northwest Electric promised that a package would be delivered to Village Hall on August 26. Mr. Janonis reviewed a letter from Kathleen Meersman with Board members. In the letter, Ms. Meersman indicated that she was very unhappy with the way that communication had taken place with regard to the adoption of an Ordinance authorizing condemnation of her property. Mr. Janonis indicated that he accepted responsibility for the communication breakdown and that staff would work on developing a better protocol. Staff and Board members engaged in a discussion regarding the logistics and realities of negotiating for the purchase of property under the circumstances present in the downtown. There was discussion regarding property value numbers coming in based on appraisals and then expectations being expressed by various property owners. The reality of the situation is that if people's expectations are not lowered, then the redevelopment effort cannot proceed. There was also discussion regarding expanding the participation of various Board members in property negotiations. Consensus was that the Mayor should take the lead, however, others expressed their availability should the need arise. There was no other business transacted in Closed Session. The Closed Session was adjourned by unanimous vote based on a Motion by Trustee Wilks and Seconded by Trustee Clowes at 10:38 p.m. MEJ/rcc Respectfull r \ 1:\WIN\OFFICE\CLSDSESS\82598 Closed Session Minules.doc