Orland Park officials OK inducement agreement with Barraco’s to fill vacant Traverso’s building
Board members also approve new temporary liquor license classification
ORLAND PARK, Ill. — Another vacant space in town is set to be filled after the Village of Orland Park Board of Trustees voted 7-0 Monday, April 17, to approve a tax-sharing agreement with Barraco’s Pizza to occupy the old Traverso’s restaurant building.
As part of the agreement to move into the space at 15601 Harlem Ave., Barraco’s will receive 50% of the sales tax generated at the location for 10 years up to a maximum amount of $125,000 — approximately 25% of the certified project costs estimated to be about $500,000.
“It’s great to see Barraco’s open a second location and to see [the old Traverso’s site] being used,” Mayor Keith Pekau said prior to the vote.
He added that the program has been beneficial for Orland Park since its inception.
“This inducement agreement has actually worked really well,” he said. “We have very few restaurant [spaces] that still need to be backfilled. Just a couple. We’ve really filled a bunch of [vacant spaces] with this inducement agreement. Job well done by everyone for putting this together.”
Later in the meeting, the board members also unanimously approved an amendment to the Village Code to add a new class of liquor license that will be for events on Village property that are hosted or produced by private entities.
“This is being done so that we can accommodate those people who want to come to use our venues for events,” Pekau said prior to the 7-0 vote. “We can have a separate liquor license established for them to be used that is in compliance with the liquor codes.”
The fee for the temporary liquor license is set at $275.
Per the ordinance, the new Class G-10 license allows for the purveyors of the event to sell, serve or consume alcohol on Village property. However, eligible locations will be determined on a case-by-case basis by the mayor, who serves as the liquor commissioner, factoring in things such as event size, date, and security.
Other particulars of the amendment include that the hosts must get a special event permit, provide comprehensive general liability insurance coverage no less than “$2 million per occurrence and liquor liability insurance in accordance with the Dram Shop Act of the State of Illinois with minimum limits of $2 million so as to save and hold harmless the Village from financial loss, damage or harm arising from the activities pursuant to a Class G-10 Temporary Village Property license,” and provide an indemnification and hold harmless agreement to the Village.