DH Quick Take 2/13

[204parent]

I started a thread on School Funding Options under the Finance section so this thread can focus on Quick Take.

[wvhsparent]

thanks...even we mods get off track at times

[Arch]

(They could put a tax on the fake driver's licenses to make up some funding)

Seriously though, some districts really need help due to the way the current funding happens. Personally, I wouldn't mind paying another 5 cents per gallon of gas to help them out (or whatever something can work out to)

[Avenging Eagle]

Could someone please decipher this, which was posted on the Quick take legislation status page this week:

>>>>
2/21/2007 House Land Conveyance Appraisal Note Filed

Land Conveyance Appraisal Note (Whitt Law LLC)

(1) The Fair Cash Market Value of the Property, whole property before the taking: $43,750,000
(2) The Fair Cash Market Value of the part taken, as part of the whole: $13,750,000
(3) The Fair Cash Market Value of the remainder, before the taking: $30,000,000
(4) The Fair Cash Market Value of the remainder, after the taking: $30,500,000
(5) Damages to the remainder caused by the fee taking, if any: $0 (6) Total Compensation: $13,750,000.
<<<<

www.ilga.gov/legislation/BillStatus.asp?DocTypeID=HB&DocNum=153&GAID=9&SessionID=51&LegID=26774

[bob]

The part we took didn't cost $13.75 million which is $550k an acre. We paid about $235k an acre.


I think BB is giving their "appraisal" with this. They can't justify any of these numbers.

The housing market is getting so bad that BB better be careful. They could win and then lose because their land is declining in price by the day.

[warriorpride]

avengingeagle said:

Could someone please decipher this, which was posted on the Quick take legislation status page this week:

>>>>
2/21/2007 House Land Conveyance Appraisal Note Filed

Land Conveyance Appraisal Note (Whitt Law LLC)

(1) The Fair Cash Market Value of the Property, whole property before the taking: $43,750,000
(2) The Fair Cash Market Value of the part taken, as part of the whole: $13,750,000
(3) The Fair Cash Market Value of the remainder, before the taking: $30,000,000
(4) The Fair Cash Market Value of the remainder, after the taking: $30,500,000
(5) Damages to the remainder caused by the fee taking, if any: $0 (6) Total Compensation: $13,750,000.
<<<<

www.ilga.gov/legislation/BillStatus.asp?DocTypeID=HB&DocNum=153&GAID=9&SessionID=51&LegID=26774

Here's my guess, based on the math working out right:

1) They are estimating the FULL BB property value (not including the 23 acres, since we bought that already, but INCLUDING the commercial land that fronts Rte 59 is $43,750,000.

2) Then they are using $250,000 per acre as the estimated value of the 55 that we want to take: 55 * 250k = $13,750,000.

3) Then, they are saying that $43,750,000 - $13,750,000 = $30,000,000, which is the value of the remaining part of BB that we aren't trying to purchase.

4) For some reason, they then say that the remainder would be worth $500,000 MORE after the quick-take.

5, 6) The final numbers are just showing that the quick-take wouldn't be causing the remaining property to be worth any less, so, additional compensation, in addition to the price we pay for the 55 acres would not be appropriate or necessary.

Again, just my guess

[bob]

That looks better than my guess.

[chicoryowl]

warriorpride said:

4) For some reason, they then say that the remainder would be worth $500,000 MORE after the quick-take.

I would think having 3K kids + X teachers + Y Parents driving near the property 5 days a week would make the parcel more valuable.

The remainder has always been zoned commercial. At the school board meeting the BB attorneys assured the crowd there would be additional charges for the damage to the remainder. Perhaps I'm wrong, but I thought using this land for the school would make that property more valuable rather than less.

[Avenging Eagle]

chicoryowl said:

I would think having 3K kids + X teachers + Y Parents driving near the property 5 days a week would make the parcel more valuable.

The remainder has always been zoned commercial. At the school board meeting the BB attorneys assured the crowd there would be additional charges for the damage to the remainder. Perhaps I'm wrong, but I thought using this land for the school would make that property more valuable rather than less.

Yes, you are correct.

And don't forget about the partnership opportunities for our kids with corporate America.

This goes back to an idea I was working on to try to come up with a design for the school which will take advantage of the great business potential for the BB location.

Here is one way we could do it:

1. Our kids are offered electives which will ready them for what they actually be encountering in the real world.
2. After learning the necessary core skills in a classroom setting at Metea, they will walk over 1 block to the Golden Arches Campus for the lab portion of their class.
3. They will then try to avoid grease burns while creating the perfect batch of fries in the "fry cook" segment, and then move on to learn the ups and downs of hiring and firing work-release employees in the "young store manager" segment.
4. Not only will they get to apply the core skills they have learned, they will receive direction from a Metea partner, and one of our country's most successful leaders, Ronald McDonald!

Imagine the potential!

[bob]

Wow look at all that Rt 59 frontage Matea has.

[chicoryowl]

Prior to beginning my diet, I would have thought that was what heaven looks like. Now that I've begun my diet, I can confirm that's what heaven looks like. And it's so close...

avengingeagle said:

[macy]

avengingeagle said:

gatormom said:

Representative wants to help District 204 with ‘quick-take’
By Sara Hooker
Daily Herald Staff Writer

Indian Prairie officials again are considering asking state lawmakers for so-called quick-take powers to acquire land to begin construction of Metea Valley High School.

Let's see:

Last fall, we asked for quick take legislation.....and Joe Dunn couldn't make it happen because of the wimpy holiday legislative schedule. So, finally he is ready to do it in the Spring, and our SB is taking its time and just "considering" going forward?

Does the school board need to meet and re-agree on their previous decisions each and every time? Do we need to have a meeting before each shovelful of dirt is taken while digging the foundation of Metea?

The other disturbing thing here is that Dunn interprets the survey results as "“There’s not a clear mandate from the voter in either direction". My dog voted in that poll!

Oh, I forgot... he doesn't know much about how the official voting process works because he ran unopposed last time.

So are you against Joe Dunn?

[macy]

avengingeagle said:

gatormom said:

Representative wants to help District 204 with ‘quick-take’
By Sara Hooker
Daily Herald Staff Writer

Indian Prairie officials again are considering asking state lawmakers for so-called quick-take powers to acquire land to begin construction of Metea Valley High School.

Let's see:

Last fall, we asked for quick take legislation.....and Joe Dunn couldn't make it happen because of the wimpy holiday legislative schedule. So, finally he is ready to do it in the Spring, and our SB is taking its time and just "considering" going forward?

Does the school board need to meet and re-agree on their previous decisions each and every time? Do we need to have a meeting before each shovelful of dirt is taken while digging the foundation of Metea?

The other disturbing thing here is that Dunn interprets the survey results as "“There’s not a clear mandate from the voter in either direction". My dog voted in that poll!

Oh, I forgot... he doesn't know much about how the official voting process works because he ran unopposed last time.

Are you Anti Joe Dunn? Just curious?

[bob]

macy said:

avengingeagle said:

Let's see:

Last fall, we asked for quick take legislation.....and Joe Dunn couldn't make it happen because of the wimpy holiday legislative schedule. So, finally he is ready to do it in the Spring, and our SB is taking its time and just "considering" going forward?

Does the school board need to meet and re-agree on their previous decisions each and every time? Do we need to have a meeting before each shovelful of dirt is taken while digging the foundation of Metea?

The other disturbing thing here is that Dunn interprets the survey results as "“There’s not a clear mandate from the voter in either direction". My dog voted in that poll!

Oh, I forgot... he doesn't know much about how the official voting process works because he ran unopposed last time.

Are you Anti Joe Dunn? Just curious?

No, but I now have my suspicions of who ran the ad.

[macy]

bob said:

macy said:

Are you Anti Joe Dunn? Just curious?

No, but I now have my suspicions of who ran the ad.

Who bob? please tell. Again, the only negative comments I've ever read have come from this board. Seriously. Please prove otherwise.