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TO: Mayor Thomas J. Weisner
FROM: Bill Wiet, Chief Development Officer
DATE: June 20, 2016
SUBJECT:
An Ordinance Authorizing an Intergovernmental Agreement between the City Of Aurora and the Fox Valley Park District Regarding Land Conveyance of Certain Parcels (Fox Valley Park District - 16-00607 / AU22/2-116.098-AG/IGA - SP)
PURPOSE:
Attached is an ordinance authorizing the execution of an intergovernmental agreement with the Fox Valley Park District to convey certain parcels to the Fox Valley Park District in exchange for the acceptance of certain parcels from the Fox Valley Park District by the City of Aurora.
BACKGROUND:
The Intergovernmental Agreement proposes a mutually beneficial swap of lands with the Fox Valley Park District. The land swap consists of the following:
The Fox Valley Park District will convey the Eastbank Fox River Trail south of RiverEdge Park Parcels, the 429 Rathbone Ave and adjacent Sard Ave Parcels, a portion of the 712 S River Street Parcel, the Hinkley and Parker Parcels, the Ashland and Douglas Parcels, and the
Lincoln Park Parcels to the City of Aurora. The Fox Valley Park District will make certain mutually agreed to improvements to the Fox River Trail parcels including but not limited to lighting, pathway overlay, and retaining wall repair. Additionally, the Fox Valley Park District agrees to waive the existing provisions and expand the ability for the City to detour the eastbank Fox River Trail for events at RiverEdge Park.
In exchange the City of Aurora will convey the 14 Blackhawk Parcels, and the Orchard and Prairie Parcels to the Fox Valley Park District. The City of Aurora agrees to waive the right to recapture the Indian Trail Road Improvement costs from the Fox Valley Park District. Additionally, the City of Aurora agrees to make best efforts to purchase the Northgate Park Parcels, and if successful, will convey to the Fox Valley Park District.
The swapping of these parc...
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