ACTION REQUESTED:
Title
Communication from the City Manager and the Corporation Counsel with a Request to APPROVE a LAND PURCHASE AGREEMENT between EXPOSITION GARDENS and the City of Peoria.
Body
BACKGROUND:
Exposition Gardens owns the property identified as Lot 2 on N. Rosemead at Northmoor Road (the “Property”) within the City of Peoria, IL. The City of Peoria is purchasing land from Exposition Gardens in order to build a new fire station. The Land Purchase Agreement defines the agreement between the parties.
The replacement Fire Station 16 was adopted as part of the budget for 2020. City staff recommends proceeding with the land acquisition, but deferring the construction of Fire Station 16 until 2021.
FINANCIAL IMPACT: The City of Peoria will pay Three Hundred and Forty Eight Thousand Six Hundred and Twenty Nine Dollars and 40/100 Cents ($348,629.40) for the acquisition of land.
NEIGHBORHOOD CONCERNS: None.
IMPACT IF APPROVED: The purchase agreement will allow the City to acquire the land to build a new fire station for the City.
IMPACT IF DENIED: The new fire station project will not move forward when the City desires to begin construction.
ALTERNATIVES:
EEO CERTIFICATION NUMBER:
WHICH OF THE GOALS IDENTIFIED IN THE COUNCIL’S 2017 - 2032 STRATEGIC PLAN DOES THIS RECOMMENDATION ADVANCE?
1. Attractive Neighborhoods with Character: Safe and Livable
WHICH CRITICAL SUCCESS FACTOR(S) FROM THE COMPREHENSIVE PLAN DOES THIS RECOMMENDATION IMPLEMENT?
1. Reinvest in neighborhoods.
DEPARTMENT: Legal