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TO: Mayor Richard C. Irvin
FROM: David Dibo, Director of Economic Development
DATE: September 4, 2019
SUBJECT:
An Ordinance Authorizing the Corporation Counsel to Transfer a Portion of the Property located 10 E. Downer Place for Nominal Consideration (City of Aurora- 19-0783 / AU22/3-19.152-AG/D - AM - Ward 6).
PURPOSE:
The sale of a portion of the ROW addressed 10 E Downer Place to the Olive Tree Properties LLC, and the consolidation of the two lots would allow basement access to the adjacent building creating an opportunity for additional commercial space.
BACKGROUND:
This is City of Aurora Right-of-Way and contains a grassy area adjacent to the Silver Plate building which has been redeveloped to include an old fashioned ice cream shop on the first floor, residential units on the second and third floors, and a speakeasy in the basement.
In November 2017 the City Council passed a resolution approving a contract for the purchase and sale of the before mentioned City owned real estate located at 10 E. Downer Place. At that time no floor plans had been designed and the contract has never been executed.
In light of most recent revised plans for the referenced portion of the right of way, the previously approved contract need to be revised.
The area subject to be sold has slightly increased to accommodate the needs of a basement access to a speakeasy and some outdoor seating space which is in the process of being reviewed.
The contract is being revised to reflect the actual dimensions of the portion of right of way addressed 10 E Downer Place. The area is approximately 0.31 ac. characterized by an irregular shape: +/- 14.49’ + 8.50’ + 19.33’ + 50.91’ + 4.07’ + 5.74’ + 13.79’ + 38.88’ + 65.80’ as depicted on the final plat for preliminary purposes only. The final plat, for the consolidation of the before mentioned parcels, will have to be approved upon execution of the contract.
DISCUSSION:
The sale of a portion of the ROW to Olive Tree Properties LLC, and the approval of the plat of subdivision, would allow basement access to the speakeasy and some outdoor seating space.
IMPACT STATEMENT:
Staff would anticipate that this project will increase the City’s overall tax base, by facilitating investment and development, which will offset any incidental Department or staffing impacts.
RECOMMENDATIONS:
Staff recommends APPROVAL of the Ordinance Authorizing the Corporation Counsel to Transfer a Portion of the Property located at 10 E. Downer Place for Nominal Consideration.
CITY OF AURORA, ILLINOIS
ORDINANCE NO. _________
DATE OF PASSAGE ________________
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An Ordinance Authorizing the Corporation Counsel to Transfer a Portion of the Property located at 10 E. Downer Place for Nominal Consideration.
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WHEREAS, the City of Aurora has a population of more than 25,000 persons and is, therefore, a home rule unit under subsection (a) of Section 6 of Article VII of the Illinois Constitution of 1970; and
WHEREAS, subject to said Section, a home rule unit may exercise any power and perform any function pertaining to its government and affairs for the protection of the public health, safety, morals, and welfare; and
WHEREAS, The City of Aurora is interested in selling and Olive Tree Properties, LLC is interested in purchasing a portion of the City owned land consisting of approximately .02+/-acres; and
WHEREAS, Olive Tree Properties, LLC, purchases 6 East Downer Place, Aurora, Illinois and fulfills the conditions set forth in the redevelopment agreement; and
WHEREAS, Olive Tree Properties, LLC, desires to use this City owned property to add outdoor seating and exterior basement access, increasing the tax base for the property; and
WHEREAS, it is in the best interest of the City of Aurora and its residents to sell its property to Olive Tree Properties, LLC for a price of Ten Dollars ($10.00)
NOW, THEREFORE, BE IT ORDAINED by the City Council of the City of Aurora, Illinois, as follows:
1. That the Mayor of the City of Aurora be authorized to execute the Contract for the Purchase and Sale of Real Estate attached hereto and made a part thereof as Exhibit "A".
2. That a Plat of Survey identifying the portion of property being sold be provided by the City of Aurora prior to closing.
3. That the Corporation Council for the City of Aurora, or his/her designee, be authorized to complete the sale of property on the City's behalf.