Post by doctorwho on Jan 28, 2009 7:18:37 GMT -6
Of course, District 204's attempt to condemn that property at 75th Street and the future extension of Commons Drive didn't work out as planned;[/
or did it ?
January 28, 2009
By TIM WALDORF twaldorf@scn1.com
Lost in the land swaps and lawsuits is the 25-acre tract of land Indian Prairie School District 204 actually purchased from the Brach-Brodie trust.
That land was originally to be paired with an adjacent 55 acres owned by the trust to become the site of Metea Valley High School.
Of course, District 204's attempt to condemn that property at 75th Street and the future extension of Commons Drive didn't work out as planned; the jury-determined price for the property -- $31 million -- was twice what the district expected to pay.
So it abandoned its condemnation effort last fall, bought a different piece of property -- 84 acres at Eola and Molitor roads -- from St. John AME Church for $19 million in the spring and is building the 460,000-square-foot school with the goal of opening it to freshmen and sophomores at the end of this summer.
So what about that 25 acres of Brach-Brodie property the district already purchased?
Well, it no longer needs it.
So, during its Monday meeting, District 204's board voted to deem the property unsuitable, unnecessary and inconvenient for a school.
Taking this action is the first step the district needed to take before soliciting bids for the lot, said Dave Holm, District 204's assistant superintendent for business.
"There is a minimum price of $6,437,500 for the 25 acres, which is equal to the district's original purchase price," Holm said. "And after that, if we go through that process and we have not received a competitive bid, we will list the property with a real estate agent."
Steve Helm, the Brodie trust's attorney, said Tuesday he had not heard of this development, and would have to consult his client to see if there was any interest in buying back the property.
John Simon, the Brach trust's attorney, could not be reached for comment.
The two trusts are still seeking reimbursement from District 204 of their expenses associated with the abandonment of the condemnation suit. The Brodie trust actually sought a ruling to require District 204 to purchase the 55-acre parcel at the jury-determined price; that motion was dismissed. Now, the two sides are battling in court to determine which of the trusts' more than $5 million of alleged expenses qualify for reimbursement.
"If we can't work it all out, then I guess the judge is going to work it out for us," said Helm.
www.suburbanchicagonews.com/naper....ODIE_S1.article
or did it ?
January 28, 2009
By TIM WALDORF twaldorf@scn1.com
Lost in the land swaps and lawsuits is the 25-acre tract of land Indian Prairie School District 204 actually purchased from the Brach-Brodie trust.
That land was originally to be paired with an adjacent 55 acres owned by the trust to become the site of Metea Valley High School.
Of course, District 204's attempt to condemn that property at 75th Street and the future extension of Commons Drive didn't work out as planned; the jury-determined price for the property -- $31 million -- was twice what the district expected to pay.
So it abandoned its condemnation effort last fall, bought a different piece of property -- 84 acres at Eola and Molitor roads -- from St. John AME Church for $19 million in the spring and is building the 460,000-square-foot school with the goal of opening it to freshmen and sophomores at the end of this summer.
So what about that 25 acres of Brach-Brodie property the district already purchased?
Well, it no longer needs it.
So, during its Monday meeting, District 204's board voted to deem the property unsuitable, unnecessary and inconvenient for a school.
Taking this action is the first step the district needed to take before soliciting bids for the lot, said Dave Holm, District 204's assistant superintendent for business.
"There is a minimum price of $6,437,500 for the 25 acres, which is equal to the district's original purchase price," Holm said. "And after that, if we go through that process and we have not received a competitive bid, we will list the property with a real estate agent."
Steve Helm, the Brodie trust's attorney, said Tuesday he had not heard of this development, and would have to consult his client to see if there was any interest in buying back the property.
John Simon, the Brach trust's attorney, could not be reached for comment.
The two trusts are still seeking reimbursement from District 204 of their expenses associated with the abandonment of the condemnation suit. The Brodie trust actually sought a ruling to require District 204 to purchase the 55-acre parcel at the jury-determined price; that motion was dismissed. Now, the two sides are battling in court to determine which of the trusts' more than $5 million of alleged expenses qualify for reimbursement.
"If we can't work it all out, then I guess the judge is going to work it out for us," said Helm.
www.suburbanchicagonews.com/naper....ODIE_S1.article
? So much of what our SB is currently doing is so wrong and in my opinion borders on criminal. Running a business this way would lead to tragic outcome and of course that's what we're experiencing.