View All Posts

Apr 07

Pine Street / Avon Road Stormwater Improvement Project Update 4.7.17

Posted on April 7, 2017 at 1:10 PM by Barbara Petrucci

An ordinance declaring the necessity and convenience for the City to use and improve the Property for stormwater pursuance to Section 2 of the "Local Government Property Transfer Act"  50 ILCS 605/2 and pursuant to the Intergovernmental Agreement between the City and the Elmhurst Park District was passed on April 3, 2017.  The ordinance provides that the City accepts the amount of $1,130,000.00 determined by the IDNR as certified market value for the Property for construction, operation and maintenance of a stormwater improvement; directs the City Manager to sign and transmit a letter to the Park District in a form as provided in Exhibit A to the ordinance waiving the City's right to terminate the Intergovernmental Agreement pursuant to Section 14. A. i.; directs the City Manager, City staff and the City Attorney to proceed with performance of the Intergovernmental Agreement,  Resolution R-76-2016 dated July 18, 2016, including the deposit of certified market value for the portion of Golden Meadows Park in the amount of $1,130,000.00 into a strict joint order escrow account by April 21, 2017, and to conduct a closing for the conveyance of title to the City from the Park District for the Property and delivery of the Easement Agreement.