04/11/17: Public Auction, Z|S affiliates present at auction but outbid
05/23/17: Special Sessions of Village Board passes Ordinance to Suspend Activity concerning re-designation of the Lincoln-Touhy TIF only 3 months after unanimously passing this ordinance on 02/21/17.
01/25/18: Unable to assemble neighboring properties included in Village approved concept plan, Z|S moves forward with planning of the subject site
02/9/18: Village President contacts Z|S for a status update
02/11/18 Lincolnwood agrees to meeting with Z|S for February 20th.
02/14/18: Lincolnwood cancels Z|S meeting scheduled for February 20th. Village refuses to reschedule meeting with Z|S.
Why did Village wait until Z|S deposits went hard to cancel the scheduled meeting?
02/16/18: Village published agenda for 2/20/18 including a first steps in a potential condemnation action of the subject site.
02/19/18: President's Day National Holiday
02/20/18: Village Board discusses Ordinance Authorizing Offers to Purchase Title to subject property described below. Z|S makes public request to reschedule meeting that the Village canceled which had been scheduled for 2/20/18. Village refused to reschedule that meeting.
03/06/18: Village Board passes the Ordinance to Make a Bon Fide Offer. The first step towards potential condemnation. Z|S allowed only 3 minutes to speak in public forum.
03/07/18: Z|S is invited to present to Committee of the Whole by Village Attorney via Seller's Attorney. Village advises that the presentation should, at a minimum, include (neither of which is consistent with Village description of process to Z|S at meeting on 06/07/2017: Ordinance 8.05 - Procedure "Planned Unit Development"):
A demonstration of the way in which the proposed development plan satisfies and complies with the comprehensive planning for the site that has been approved by the Village, including the 2017 Conceptual Site Plan, and
The amount and nature of economic incentive, if any, that will be requested of the Village as part of the proposed development plan
03/19/18: Z|S received multiple construction to permanent loan applications from Lender
85% Loan-to-Cost for a development consistent with 2017 Conceptual Site Plan
75% Loan-to-Cost for an aspirational development consistent with spirit of the 2017 Conceptual Site Plan
03/20/18: 6:30PM: Village Board Committee of the Whole meeting where Z|S shall make the requested presentation
03/22/18: Contract Purchaser requests follow-up meeting via email to Village to discuss moving forward under a number of potential alternatives and to address specific concerns raised by Village Board members
03/26/18: Having not received a response to the meeting request made on 03/22/18, the Contract Purchase resent the email request from 3/22/18 to the Village.
03/27/18: Contract Purchaser requests 30 minutes to address Committee of Whole
03/29/18: Contract Purchaser request to address the Committee of the Whole is denied formally by Village. Village refuses to schedule any meetings with with Contract Purchaser.
04/03/18: Contract Purchaser plans to attend Committee of Whole to speak for 3 minutes in public forum
04/03/18: Trustee Georjean Hlepas Nickell makes a motion at the Committee of the Whole to allow us to speak.
04/06/18: Unable to agree to proposed content and participant restrictions required by the Village for a meeting, Z|S attempts to schedule meeting with the Village fail.
04/06/18: Z|S not able to extend contract any further and suspends pursuit.
