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TO: Mayor Richard C. Irvin
FROM: Chuck Nelson, Deputy Mayor
DATE: September 8, 2017
SUBJECT:
To request approval for the City of Aurora to approve a settlement agreement with PATHFINDER HOLDINGS LLC, for the acquisition of the property commonly known as 104 Woodlawn Av.
PURPOSE:
The property at 104 Woodlawn Av is a 2,970 square foot parcel on the east side of Woodlawn two parcels south of W Benton St The property is currently sitting vacant, and is the second of four consecutive troubled properties on the block. Purchase of this property would be the next step in facilitating the ultimate goal of purchasing troubled properties on this block and demolishing for re-development.
BACKGROUND:
This property has been vacant since early 2016, however similar to the neighboring properties at 108, 112, & 114 Woodlawn, this has historically been a problem rental property. These properties all have a long history of repeated calls for service ranging from Property Standards staff to calls to APD.
DISCUSSION:
The acquisition price of this property is $69,900. Once acquired the property will be demolished with the intent of redevelopment. Funding is available in the 2017 City Budget Account 215-1710-417.71-01 (Cost of Land).
IMPACT STATEMENT:
This is an integral acquisition as Woodlawn Ave is one the gateways into downtown Aurora. Once acquired and demolished this area will be open for redevelopment. The City also has active code enforcement, as well as current repair/demo cases on the neighboring properties. Acquisition of this property will strengthen our position on pursuing the adjoining properties.
RECOMMENDATIONS:
It is recommended that the City approve the attached purchased Agreement for the acquisition of 104 Woodlawn Av.
CITY OF AURORA, ILLINOIS
RESOLUTION NO. _________
DATE OF PASSAGE ________________
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A Resolution Approving a Purchase Agreement for the acquisition of 104 Woodlawn Av, Aurora Illinois.
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WHEREAS, the City of Aurora ...
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