ACTION REQUESTED:
Title
Communication from the City Manager and the Director of Community Development to Adopt an ORDINANCE Amending the FIRST AMENDMENT TO ANNEXATION AGREEMENT for an Extension of the Acquisition Contingency for Property Generally Located North of Parcel Identification Number 13-02-351-005, West of IL Route 91, South of Parcel Identification Number 13-02-100-005, and East of Orange Prairie Road Extended, Property Identified as Parcel Identification Number 13-02-300-004, Located Within the City of Peoria, Illinois. (District 5)
Body
BACKGROUND:
The petitioner is requesting to amend the Annexation Agreement for the subject property to extend the acquisition deadline from June 30, 2014 to July 31, 2014. The annexation agreement currently has a provision which allows for an extension if agreed by all parties. No other changes to the annexation agreement are proposed.
Note, the closing on the acquisition of the property by Twenty-Four Corp, LLC from the Chambers family was completed on July 8th, 2014.
PLANNING & ZONING COMMISSION ACTION:
The Planning & Zoning Commission found that the request met the Findings of Fact requirements and VOTED 6 to 0, with 1 abstention.
FINANCIAL IMPACT: N/A
NEIGHBORHOOD CONCERNS:
IMPACT IF APPROVED: The annexation agreement will be revised to extend the closing date from June 30 to July 31, 2014.
IMPACT IF DENIED: The annexation agreement will not be revised and may not be enforceable.
ALTERNATIVES: N/A
EEO CERTIFICATION NUMBER: N/A
WHICH OF THE GOALS IDENTIFIED IN THE COUNCIL'S 2014 - 2029 STRATEGIC PLAN DOES THIS RECOMMENDATION ADVANCE?
1. Grow Peoria: Businesses, Jobs, and Population
WHICH CRITICAL SUCCESS FACTOR(S) FROM THE COMPREHENSIVE PLAN DOES THIS RECOMMENDATION IMPLEMENT?
1. Grow employers and jobs.
DEPARTMENT: Community Development