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TO: Mayor Thomas J. Weisner
FROM: Assistant Corporation Counsel
DATE: March 11, 2014
SUBJECT:
Resolution allowing the Mayor to execute an agreement to accept the donation of real property located at 101 S. Lincoln Avenue, Aurora, Illinois.
PURPOSE:
To obtain authorization for the Mayor to execute the agreement that will allow U.S. Bank, N.A. to donate the aforementioned property to the City pursuant to the terms and conditions in the Donation Agreement, which is attached to the Resolution as Exhibit A.
BACKGROUND:
The property located at 101 S. Lincoln Avenue, Aurora, Illinois was the subject of a foreclosure action in the 16th Judicial Circuit of Kane County filed in 2007. In 2008, the circuit court approved the sheriff sale relating to the property and, since at least March 2008, has been vacant. Additionally, the property has been cited for multiple property maintenance and/or building code violations, which have remained uncured. Subsequently, in 2013, after administrative proceedings concluded, the City filed an action seeking the repair or demolition of the property pursuant to Section 11-31-1 of the Illinois Municipal Code. After receiving service of the Summons and Complaint filed by the City, U.S. Bank, N.A. determined to donate the property to the City.
DISCUSSION:
As a result of the economic problems affecting the housing market and the unprecedented number of foreclosure actions filed by various financial institutions, multiple properties within the city limits have been vacated and/or have become unsafe due to a lack of maintenance. The City has identified various such properties and determined that it is in the best interest of its residents for it to file court actions, under the relevant statutory provisions of the Illinois Municipal Code, requiring the repair or demolition of said unsafe/dangerous structures by current owners, or, in the alternative, give the City leave to do so.
IMPACT STATEMENT:
The accept...
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