2014-34 RESOLUTION NO. 2014—34
A RESOLUTION REGARDING THE 2014 PETITION BY CRM PROPERTIES
WHEREAS,the Village of Buffalo Grove had previously received a Petition for the
development of the approximately 120 acres of the Buffalo Grove Golf Club into a multi-use
residential/office/cornmercial district from CRM Investments, LLC; and,
WHEREAS, upon presentation of a financial pro fonna seeking the use of public funding-3 and,
WHEREAS, upon review of the data presented by CRM, it became clear to the majority of the
Village Board that the extent of the public funding was not in the best financial interest of the
Village and conveyed that belief to CRM; and,
WHEREAS, upon the receipt of the position of the majority of the Board, CRM decided to
withdraw its Petition.
NOW, THEREFORE, BE IT RESOLVED by the Village President and Board of Trustees
oft e Village of Buffalo Grove, Lake and Cook Counties, Illinois, that:
1. The letter of withdrawal of the Petition by CRM Investments, LLC is hereby accepted;
and,
2. The previously scheduled Planning and Zoning Commission meetings for said Petition
are cancelled; and,
3. Should the Village receive further inquiry from a developer for the development of the
Golf Course property, it shall consider any said inquiry in accordance with any and all
other similar requests for development within the Village, which shall include public
input from all affected stakeholders; and,
4. The Village intends to begin a Comprehensive Plan review process to update its
Comprehensive Planning document which shall include, but not be limited to potential
economic development along the Lake Cook Road, Dundee Road, Route 83 and
Milwaukee Road corridors; and,
5. The Village manager shall effectuate the terms and conditions of this resolution.
1
AYES: 6—Bennan, Trilling, Sussman, Terson, Stein, Ottenheimer
NAYES: 0 -None
ABSENT: 0 -None
1
PASSED: December 15, 20.A 4.
APPROVED: December 15, 2014.
APPROVH-A-
den
ATTEST:
VilVe Clerk