Submitted By
Ahmad M. Zayyad, Deputy Village Manager / Interim Director of Development Customer Services
Reviewed By
LKS
Agenda Item Title
Title
Update on the Status of the Pete's Fresh Market Development on Madison Street End
Overview
Overview
Pete’s Fresh Market representatives will be giving an update to the Village Board regarding the development project.
End
Recommendation
Recommendation
None. This item is for informational purposes only.
Background
On January 17, 2023, the Village Board approved the Fifth Amendment to the Redevelopment Agreement with Pete’s to extend the completion date of the Pete’s Fresh Market to June 30, 2024. At that Board meeting, the Village Board asked for updates every quarter. The first “in-person” update by Pete’s was provided to the Village Board on May 15, 2023. The second update by Pete’s representatives was provided on September 18, 2023.
Fiscal Impact
N/A
DEI Impact
N/A
Alternatives
N/A
Previous Board Action
On January 17, 2023, the Village Board approved the Fifth Amendment to the Redevelopment Agreement with Pete’s to extend the completion date of the Pete’s Fresh Market to June 30, 2024. At that Board meeting, the Village Board asked for updates every quarter. The first “in-person” update by Pete’s was provided to the Village Board on May 15, 2023. The second update by Pete’s representatives was provided on September 18, 2023.
Citizen Advisory Commission Action
N/A
Anticipated Future Actions/Commitments
N/A
Intergovernmental Cooperation Opportunities
N/A