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TO: Mayor Richard C. Irvin
FROM: Alex Alexandrou, Chief Management Officer
David Dibo, Director of Economic Development
DATE: December 15, 2020
SUBJECT:
Resolution Authorizing of an Intergovernmental Agreement between the City of Aurora and West Aurora School District 129 involving the Conveyance, Renovation and Beneficial Reuse of the Todd and Lincoln School Properties.
PURPOSE:
The City and School District 129 ("District") are requesting approval of an Intergovernmental Agreement ("IGA") regarding the conveyance, renovation and beneficial reuse of the Todd and Lincoln School properties.
BACKGROUND:
The District and the City had previously entered into and received school board and city council approval in 2019 for an MOU involving Todd School however a subsequent redevelopment agreement was unable to be completed.
The City and District are proposing entering into an Intergovernmental Agreement (attached as Exhibit A) involving the conveyance, renovation and beneficial reuse of the Todd and Lincoln School properties. The District School Board is scheduled to approve it on January 4, 2021.
DISCUSSION:
This new IGA proposal is based on the fact that the City recognizes and appreciates the need for the District to expand its ability to provide much needed student support services to meet the demands of the community while the City will also facilitate finding a developer to repurpose and redevelop two current vacant historic properties subject to redevelopment agreements for each property to be brought forward separately for City Council approval in 2021. The proposal includes the following points:
1) The District will convey both Todd and Lincoln to the City as part of the IGA.
2) The City will provide through a subsequent redevelopment agreement for the redevelopment and renovation of Todd and Lincoln at no cost to the District by a developer acceptable to both the City and the District. As part of the redevelopment of Todd the developer will cre...
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