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Finance committee recommends sale of village parcel to Next Generation Development, advances resolution to board
Summary
At its Feb. 2 meeting the Orderly Administration Finance Committee voted to recommend Resolution 12R-26, which would authorize sale of a village-owned parcel to Next Generation Development LLC for $250,000 and advance the matter to the Feb. 17 board meeting. The committee also approved meeting minutes and a warrant totaling $995,481.21.
The Orderly Administration Finance Committee voted Monday to recommend approval of Resolution 12R-26, advancing a proposed sale of a village-owned parcel to Next Generation Development LLC and sending the item to the full board for consideration on Feb. 17.
The team director told the committee that the village reviewed proposals from two developers and selected Next Generation Development LLC to construct a 63-unit apartment complex on the property. "The agreement before you this evening allows administration to proceed with sale of the property for $250,000," the team director said, and added that Next Generation had "received a positive recommendation from the planning and zoning commission on January 26." The staff report also noted that the village followed the steps required by statute to declare the parcel surplus real estate.
The parcel’s street address is recorded inconsistently in the meeting transcript (listed as both "7755 Perryville Road" and "7755 Prairieville Road"). That inconsistency appears in the committee record; the committee did not resolve which spelling is final during the meeting.
Trustee Stromberg moved to recommend the resolution and Mister Vitale seconded. The committee voiced assent with no recorded opposition; the chair announced the resolution will go to the Feb. 17 board meeting with a positive recommendation.
In other business, the committee approved the minutes from its Jan. 20 meeting and approved a warrant totaling $995,481.21. The clerk recorded Trustees Wilson, Stromberg, Vitale, Simons and Bain as present; Trustee Brodt was recorded absent. The committee offered an opportunity for public comment and no one addressed the committee. The meeting adjourned following the final motion.
Votes at a glance
- Approval of minutes (01/20/2026): Motion recorded as moved by Mister Vitale and seconded by Mister Simons; committee voice vote recorded as all in favor. Tally: yes 5, no 0, absent 1 (Trustee Brodt).
- Warrant approval: Warrant totaling $995,481.21; motion moved by Trustee Stromberg, seconded by Miss Bain; committee voice vote recorded as all in favor. Tally: yes 5, no 0, absent 1.
- Resolution 12R-26 (purchase and sale agreement for 7755 Perryville/Prairieville Road): Staff recommended sale for $250,000 to Next Generation Development LLC and noted planning commission recommendation; motion moved by Trustee Stromberg, seconded by Mister Vitale; committee voice vote recorded as all in favor. Outcome: positive recommendation to the Feb. 17 board meeting. Tally: yes 5, no 0, absent 1.
What happens next
Resolution 12R-26 will be considered by the full board at its Feb. 17 meeting. The transcript does not record any further conditions, contingencies, or contract details beyond the sale price and the developer selection.
Reporting notes
The meeting transcript repeatedly uses the term "the village" without naming the municipality in this record. The transcript also contains minor transcription artifacts (see audit). The article reflects only statements and actions recorded during the Feb. 2 committee meeting.
