VILLAGE OF WORTH

MINUTES OF THE SPECIAL BOARD MEETING

HELD January 15, 2008

CALL TO ORDER ROLL CALL PLEDGE OF ALLEGIANCE JAMAL JABER TIF PRESENTATION EHLERS & ASSOCIATES CITIZEN’S COMMENTS ADJOURNMENT

President Guzdziol called the meeting to order at 7:03 p.m. Roll call indicated that the following trustees were present: Becky, Alcala, Randy Keller, Mary Rhein, Barb Adamski, Kevin Werner and Pete Kats. Also in attendance at the meeting were Village Clerk Bonnie Price, Attorney Vince Cainkar, Finance Director Barb Maziarek and Building Commissioner Bruce Zartler. Pledge of Allegiance Jim Fuentes spoke of Tinley Park’s success with TIF Districts. Trustee Rhein motioned seconded by Trustee Keller to open the meeting up to audience participation. A voice vote followed. Motion carried. Mr. Jaber stated he had discussed the plan over a year ago and did speak with a few members of the Board last week. Mr. Jaber stated he plans to build a new 18,000 square foot all brick and block shopping center and will remodel the existing 8,000 square foot Paul Supply Company and rent out as is. Mr. Jaber stated he will do all I can for this Village. Trustee Rhein questioned whether the old hardware store is included in the package. Mr. Jaber stated no. Trustee Keller questioned what Mr. Jaber is proposing for the existing Paul Supply building? Mr. Jaber stated he has spoken with a local restaurant and they were proposing taking 85% of that space. President Guzdziol thanked Mr. Jaber for his time. Trustee Werner questioned the interest rates for the TIF bonds and commented on some points in the agreement. President Guzdziol stated the Village receives 14 cents on a dollar from property tax. Trustee Keller stated he did not see a lot of green space in the plan. Trustee Adamski questioned how comfortable Finance Director Maziarek felt. Finance Director Maziarek stated she is comfortable moving ahead. Trustee Rhein stated she thought we were going to get a box store in this area. Building Commissioner Zartler spoke regarding the vacant stores in Worth that are under contract for rent. George Zeman commented on box stores versus strip malls. Roy Uher stated the original agreement was $10 million when it was something big for the draw. Dee Woods stated Mr. Jaber only intended to purchase the property because he knew it was going to be a TIF. Ms. Woods stated that sounds like insider trading. President Guzdziol stated that is a slanderous statement. Mike Doeden stated a lot of money has gone into this development and some of these questions should have been asked over a year ago. Jack McGrath questioned items from the TIF agreement. Ed Topel stated the site plan is wrong. Bob Kaplan there is a contract extension on the property at 111^th and Ridgeland and is contingent on the Village Development Plan. Trustee Alcala moved seconded by Trustee Adamski to adjourn the regular meeting at 8:29 p.m. A voice vote followed. Motion carried. ________________________________________ Bonnie M. Price, CMC Village Clerk