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TO: Mayor Richard C. Irvin
FROM: Trevor Dick, FAICP LEED AP, Assistant Director
DATE: April 22, 2025
SUBJECT:
Resolution authorizing the sale of the City-owned seven parcels totaling 18 acres on Bilter Road east of Farnsworth Avenue.
PURPOSE:
Attached is a resolution authorizing the sale of the City-owned seven parcels totaling 18 acres on Bilter Road east of Farnsworth Avenue to Lennar. Under the terms of the sale Lennar will pay the City of Aurora Six Million and forty-two thousand Dollars ($6,042,000.00) and construct a townhome residential development.
BACKGROUND:
In July 2024, the City Council accepted the assignment of all contractual rights and responsibilities from Invest Aurora, with whom staff worked with, to acquire seven (7) parcels for a total purchase price of $5,891,000. Council purchased these properties to control the parcels that were likely to become industrial - not the highest and best use - with the plan to release a Request for Qualifications to residential developers to sell the property for new homes.
The acquisition of these parcels and the future development provided the opportunity for various engineering benefits including:
- The dedication of right-of-way needed for the future expansion of Bilter Road at no cost to the City.
- The connection of Ginger Woods Parkway. There has been a gap preventing the connection of Ginger Woods development to Beverly Drive. This will allow the residents access to Bilter Road. This connection will also allow emergency services better response time from the new fire station on Bilter Road.
- Improved circulation of City water. There has been a gap in the watermain servicing this general area with water circulating west of these lots and east of these lots separately. The new public watermain to be installed with this development will allow these areas to be better linked and allow circulation throughout a larger area. This will create more uniform pressure in the system and provide addi...
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