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R2020-171 Resolution Authorizing Real Estate Purchase Agreement 826 East Lawrence Street, City of Decatur, Illinois
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R2020-171 Resolution Authorizing Real Estate Purchase Agreement 826 East Lawrence Street, City of Decatur, Illinois
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11/18/2020 10:09:50 AM
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11/18/2020 10:09:49 AM
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Resolution/Ordinance
Res Ord Num
R2020-171
Res Ord Title
R2020-171 Resolution Authorizing Real Estate Purchase Agreement 826 East Lawrence Street, City of Decatur, Illinois
Department
Econ and Com Dev
Approved Date
10/16/2020
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Community Development <br /> DATE: 11/16/2020 <br /> MEMO: 20-44 <br /> TO: Honorable Mayor Julie Moore Wolfe and City Council <br /> FROM: Scot Wrighton,City Manager <br /> Cordaryl"Pat"Patrick,Community Development Director <br /> Greg Crowe,Planning and Development Manager <br /> Tim Dudley,Economic Development Coordinator <br /> SUBJECT: Resolution Authorizing Real Estate Purchase in the John's Hill Revitalization Area. <br /> SUMMARY RECOMMENDATION: It is recommended that the city enter in to a purchase agreement for 826 East <br /> Lawrence Street,which is part of the John's Hill Revitalization Area. <br /> BACKGROUND: The City of Decatur has for the last few years been developing a strategy for a Neighborhood <br /> Revitalization effort throughout our community. With DPS61 investing in a new school for John's Hill,this made the John's Hill <br /> Area a very attractive place to enhance and revitalize. With the graciousness of the Howard G. Buffet Foundation,a grant for <br /> Phase I activity is now underway to demolish some structures which are too far gone to rehab and to acquire others which could <br /> possibly be rehabbed to spur growth and momentum in the John's Hill Area. <br /> PRIOR COUNCIL ACTION: City Council approved a grant agreement with the Howard G Buffett Foundation for Phase 1 <br /> Johns Hill Revitalization including voluntary property acquisitions at the April 6,2020 meeting. <br /> POTENTIAL OBJECTIONS: None anticipated <br /> INPUT FROM OTHER SOURCES: None <br /> STAFF REFERENCE: Should the City Council have any questions,they may contact Tim Dudley at 450-2337 or e-mail at <br /> tdudley@decaturil.gov or Greg Crowe at 424-2786 or e-mail at gcrowe@decaturil.gov. <br /> BUDGET/TIME IMPLICATIONS: Total acquisition cost for the property is$16,000. No demolition or revitalization of <br /> the site is expected in the current fiscal year. The properties are being funded by the John's Hill Phase I Howard G. Buffett <br /> Foundation grant. <br /> ATTACHMENTS: <br /> Description Type <br /> Resolution with Agreement Resolution Letter <br /> Location Map Backup Material. <br />
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