R2016-35 AUTHORIZING REAL ESTATE TRANSFER 130 North Franklin

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CITY COUNCIL MEMORANDUM NO.2016-08 DATE: Apri14, 2016 TO: The Honorable Mayor and City Council Members FROM: Timothy A. Gleason, City Manager Wendy L. Morthland, Corporation Counsel SUBJECT: Resolution Authorizing Transfer—Board of Library Trustees SUMMARY RECOMMENDATION: City Administration recommends City Council approval of the transfer of the Decatur Public Library property located at 130 North Franklin Street, Decatur, Illinois from the Board of Library Trustees of the City of Decatur to the City of Decatur. BACKGROUND: The Decatur Public Library occupies a square city block of property directly located in the central business district of the City. Title to the property is held by the Board of Library Trustees of the City of Decatur, Illinois. The City of Decatur is still paying bond debt for the purchase of that building and paying rent to the Library for records storage space. The Buildings located on that property contain more space than the Library utilizes. Regardless of the occupancy, however, the Library still has the obligation to maintain the entirety of the property. The financial and time constraints required to adequately manage and maintain the building and property created issues for the Decatur Public Library and they began actively seeking solutions. The City and Decatur Public Library have spent a great amount of time attempting to reach a solution to those issues. Title to the Library property would be transferred to the City of Decatur and a Lease between the parties would be simultaneously entered into. There would be no actual monetary transfer between the parties for the transfer of title. The unused space will still be available for use by others, including the County of Macon. If both the transfer of the property and Lease Agreement are approved by Council, it is anticipated that the Lease would begin May l, 2016. ATTACHMENTS: Resolution