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TO: Mayor Richard C. Irvin
FROM: Bill Wiet
DATE: November 21, 2017
SUBJECT:
To acquire, through assignment from Invest Aurora, the property located at 120 S. LaSalle South Broadway Street, Aurora, Illinois. The purchase price is $22,000.
PURPOSE:
The intent is to create additional public parking when added to the adjacent parcel at 110 South LaSalle Street.
BACKGROUND:
This is a vacant lot adjacent to 110 S. LaSalle. Combining this lot with the adjacent parcels would allow for the creation of a new public parking lot.
DISCUSSION:
Invest Aurora will enter into a purchase and sale agreement pending Invest Aurora Board approval on November 21, 2017. The City of Aurora is to purchase this property from Invest Aurora. Purchase price $22,000. (Exhibit A).
Funds are available in account number 215-1710-417.71-01 (Cost of Land)
IMPACT STATEMENT:
The purchase of this parcel will allow for additional public parking.
RECOMMENDATIONS:
That the attached Real Estate Contract for the purchase of property located at 120 South LaSalle Street be approved by assignment from Invest Aurora.
cc: Alderman O'Connor, Chairman
Alderman Mesiacos
Alderman Bugg
Alderman Mervine, Alternate
CITY OF AURORA, ILLINOIS
RESOLUTION NO. _________
DATE OF PASSAGE ________________
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A Resolution Authorizing the Assignment of Commercial Sales Contract to Purchase Real Property Located at 120 South LaSalle, Aurora, Illinois
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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 acquiring, as assignee from Invest Aurora, and J. Jesus Quezada is interested in s...
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