Aurora, Illinois

File #: 14-00059    Version: 1 Name:
Type: Resolution Status: Passed
File created: 1/23/2014 In control: City Council
On agenda: 3/25/2014 Final action: 3/25/2014
Title: A Resolution Authorizing the Mayor to Execute an Agreement to Reduce Density and Memorandum of Agreement (721-723 Pennsylvania Avenue, PIN 15-16-431-020)
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TO: Mayor Thomas J. Weisner

FROM: Blanca R. Dominguez, Asst. Corp. Counsel

DATE: January 23, 2014

SUBJECT:
Resolution to authorizing the execution of an agreement to reduce the density at 721-723 Pennsylvania Avenue, PIN 15-16-431-020

PURPOSE:
To pass a resolution allowing the Mayor to execute an agreement allowing for the reduction of the density at the stated location by demolishing the structure located at 721 Pennsylvania Ave.

BACKGROUND:
Mr. Charles Buckley and his spouse, Barbara Gillett, are the current owners of the property located at 721-723 Pennsylvania Avenue, PIN 15-16-431-020. This parcel is unique in the sense that, while the premises has one Permanent Index Number identifying it, there are actually two (2) separate residential structures on said parcel--721 Pennsylvania is located at the rear portion of the lot and 723 Pennsylvania . The property has historically operated as a rental property. This location has also been the basis of multiple complaints by neighbors as well as frequent police calls.

DISCUSSION:
Because the current owner has listed the property for sale, there is an opportunity to reach an Agreement to have the structure located on 721 Pennsylvania demolished thereby reducing density. Under the Agreement, the City will pay $72,000.00 to owners in exchange for the opportunity to demolish the structure located on 721 Pennsylvania. Adequate funding for this matter exists in account number 215-1330-463-72.03. The Agreement further provides for an easement to the City to allow this demolition and further provides that the Property can only be sold to Buyer(s) who will occupy it as a single family residence. The City has agreed to undertake the demolition of 721 Pennsylvania as soon as practicable in order to increase marketability of the property as a single family residence.

The payment of $72,000.00 will be made to a joint order escrow at a title company to ensure that all liens and encumbranc...

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