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TO: Mayor Thomas J. Weisner
FROM: Alayne M. Weingartz, Corporation Counsel
DATE: January 10, 2014
SUBJECT:
330 North Broadway, Aurora, Illinois.
PURPOSE:
To acquire necessary property that is within the RiverEdge Park Master Plan area.
BACKGROUND:
The City has had ongoing discussions with the owner of the property, attorney Gary Gooding, for several years, but have not come to agreement on a purchase price for this property which sits immediately adjacent to the Park. The City caused a formal appraisal to be done, which appraised value is $145,000.00.
DISCUSSION:
The law firm of Ruddy King LLC has been handling the negotiations on behalf of the City, they have reached impasse with the owner, and are prepared to file an action in condemnation in order that the City may acquire this property which is necessary for park purposes.
IMPACT STATEMENT:
The property is immediately adjacent to the RiverEdge Park, falls within the RiverEdge Park Master Plan area, and is necessary and advantageous for the logical development of the Park. The purchase or condemnation of this property to add to the Park benefits not only all residents of Aurora, but also the many thousands of persons who will come to this public gathering place from outside the City of Aurora. Funds are available in the TIF 6 fund to cover the purchase of this property.
RECOMMENDATIONS:
That the law firm of Ruddy King LLC be given authority to pursue acquisition of the property at 330 North Broadway, Aurora, Illinois, either through voluntary agreement or by condemnation if necessary, to gain fee simple title and possession thereof for Park purposes.
CITY OF AURORA, ILLINOIS
ORDINANCE NO. _________
DATE OF PASSAGE ________________
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An Ordinance Providing for the Voluntary Acquisition of and Authorizing Negotiations to be Conducted by the Law Firm of Ruddy & King, LLC Regarding the Acquisition of the Property Located at 330 North Broadway in Aurora, Illi...
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