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HomeMy WebLinkAbout05/19/1998 CS minutes MA"ivR 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 100 South Emerson Street .y,~4-- ~0 ~J/ Mount Prospect, Illinois 60056 MINUTES CLOSED SESSION MAY 19,1998 The Closed Session was called to order at 9:48 p.m., in the conference room of the Senior Citizens' Center, 50 South Emerson Street, for the purpose of discussing Personnel and 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. Board members reviewed the draft Closed Session Minutes from April 28, 1998. The Board's consensus was that the draft Minutes were an accurate representation of the discussion which took place at that meeting. Mayor Farley indicated that the Minutes would be formally adopted in Open Session. Personnel Mr. Janonis indicated that Finance Director Brian Caputo was planning to leave the employment of the Village and accept the position with the City of Aurora. Confirmation was tentatively set for May 26 and that in the interim, the situation would remain confidential. Mr. Janonis indicated that he was going to approach a Finance Director in a neighboring community regarding his interest in accepting the Finance Director position in Mount Prospect. Mr. Janonis said that this particular individual was highly experienced and would be able to come to the Village with little need for training. A probable sticking point was this person's salary requirements and that his tenure with the Village would likely be in the area of three to five years. Mr. Janonis indicated that this shorter tenure would probably be acceptable given that there were a number of significant projects pending which would need immediate attention. Once those projects were established, opportunity would lend itself to a more deliberate search for a replacement which might require some seasoning in the position. After brief discussion among Board members, they indicated some reluctance at paying a high salary but indicated that it was the Manager's prerogative to review various options and to make a recommendation to the Village Board. Mr. Janonis indicated he would report back as soon as he had more information. Property Acquisition Village Manager Michael Janonis indicated that staff had met with representatives from Fannie May Candies and that the discussions indicated their willingness to relocate to the . small triangle. Staff would continue to work with Fannie May and Town Centre to come up with some viable proposals. Mr. Janonis also reported that the verbal appraised value of the Barber Shop located on Busse Avenue was approximately $150,000. Mr. Janonis also reported that Town Centre LLC had entered into some discussions with Pontarelli Builders with an eye on becoming the substitute developers for the third building. Mr. Janonis indicated some concern about what Town Centre LLC would ask for in subsidies and assistance for their completion of the third building. He indicated that there would be somewhat of a balancing of our need to get the third building on-line and generating tax increment with reticence to provide excessive incentives for Town Centre to move forward. Mr. Janonis indicated that he was looking at the option of the Village acquiring the parcel under threat of condemnation and then being able to shop it around to developers who might be more willing to undertake the project without substantial subsidies. After brief discussion, the Village Board indicated its agreement that the Village should explore the possibility of acquiring the third building site and that the use of eminent domain was an acceptable tool in accomplishing this goal. Mr. Janonis indicated that an appropriate Ordinance would be on the June 2 Village Board Agenda. Mr. Janonis also reported that there have been ongoing discussions with the people from First Chicago regarding the availability of the Bank building on Busse and Emerson. Given the merger, it was very difficult getting any type of definitive answer on the availability of the Bank. Mr. Janonis reported that Town Centre had come up with several scenarios that would put the Bank parking lot into the TIF. Staff was analyzing this possibility. Finally, Mr. Janonis indicated that staff and representatives of Town Centre had met with the Chamber to make a presentation on the Downtown Redevelopment proposal. Overall, Mr. Janonis felt that the presentation went well and was received positively by the Chamber's Board of Directors, Governmental Affairs Sub-Committee and a few interested observers. There was no other business discussed in Closed Session. The Closed Session was adjourned by unanimous vote based on a Motion by Trustee Hoefert and Seconded by Trustee Wilks at 10:54 p.m. MEJ/rcc X;\USERS\ROBERT AC\WINlOFFICElMEJ\CS\519CS.MIN