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TO: Mayor John Laesch
FROM: Patrick J. Collins, Assistant Corporation Counsel
DATE: March 24, 2026
SUBJECT:
Resolution authorizing the divestment and sale of City owned property located at 773 Aurora Ave., Aurora, IL 60506.
PURPOSE:
Attached is a resolution authorizing the divestment of City owned property located at 773 Aurora Ave. (Permanent Index Number 15-15-427-014) to Martha C. Alvarez for $36,000. Property will be developed with a single-family home.)
BACKGROUND:
In 2016 the City of Aurora began the process of divesting City Owned property to adjacent neighbors in order to reduce our inventory of vacant land. The City expanded that divestment process to reduce the City's overall inventory of vacant buildable lots. Working with multiple City departments, including Mayor's Office, Planning & Zoning, Revenue & Collections, Financing, Property Standards, Economic Development, Engineering, Building & Permits, Public Works, Parks & Recreations, and the Law Department, all worked in conjunction to identify vacant buildable City owned lots to then market and sell the lots for development.
DISCUSSION:
The City listed the property for sale on the MLS and City's website. The City received an all-cash offer from Martha C. Alvarez, and the parties negotiated on the price, settling on $36,000. She will construct a single-family home and construction will begin as soon as possible.
The property is currently exempt from real estate taxes, and the City is incurring maintenance and landscaping fees.
IMPACT STATEMENT:
Property will be back on the tax rolls and a single-family home will be constructed. City will no longer have to maintain the property.
RECOMMENDATIONS:
Staff Recommends Approval
CITY OF AURORA, ILLINOIS
RESOLUTION NO. _________
DATE OF PASSAGE ________________
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A Resolution authorizing the divestment and sale of City owned property located at 773 Aurora Ave., Aurora, IL 60505.
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WHEREAS, the City of Aurora has a population o...
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