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TO: Mayor John Laesch
FROM: Patrick J. Collins, Assistant Corporation Counsel
DATE: August 25, 2026
SUBJECT:
Resolution authorizing the divestment and sale of City owned property located at 625 (627) S. Lake St., Aurora, IL 60506.
PURPOSE:
Attached is a resolution authorizing the divestment of City owned property located at 625 (627) Lake St. (Permanent Index Number 15-28-129-024) to Primepex Group, LLC. Property will be developed as 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 the City's website. The City received an offer from Primepex Group, LLC, and the parties negotiated on the price, settling on $38,000. They will construct single-family 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 parking lot 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 625 (627) S. Lake St., Aurora, IL 60506.
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WHEREAS, the City of Aurora has a population of more than ...
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