District seeks authority to "quick take" BB Land

[chicoryowl]

bob said:

CV HAS GOT TO GO!

SHE HAS NO CLUE AND IS AN EMBARRASSMENT TO THE SD.

Here's where I disagree with you on one thing. She's not merely an embarassment. She's dangerous.

She asked two questions and both of those questions was detrimental to the district.

1. She started off with "A quick take results in top dollar for the land owner (paraphrased)..."
2. And then she had a problem with the portion of the statement where his statement seeemd to do nothing but undermine the district's case.

This isn't like she's just working to not have the 3rd HS built. her actions seemed to directly undermine the district and the board with nothing coming of it than the district paying more and/or looking bad.

It was quite apparent to me that she had been fed the questions. She couldn't elaborate or back them up.

If she runs for the SB again, I will work tirelessly to see her defeated.

[EagleDad]

Cowl, CV is dangerous indeed, we need to keep in mind that she is just the pretty face of others much darker. What interests of the district could she possibly representing at this point?

It is good to see M-Squared came prepared.

[momof3]

bob said:

“I supported it because the majority of the voters voted for the third high school,” said board member Christine Vickers, who was a vocal opponent of the high school plans. “I kind of feel like that’s what I have to do.”

Way to stand with your beliefs CV. This is the third time she has flip flopped on the 3rd HS issue.

CV: I was for the 3rd HS before I was against it and now I am for it.

She really is an embarrassment.

So lemme get this straight. She voted in favor of the first step of quick take because she kind of felt like that's what she had to do but voted against the second step because, why? It's not kind of what she feels like she has to do anymore?

eta - Oh, wait, I get it. Bradshaw, MM, and Alka Tyke's terms all expire in April. If the quick take goes through, the district will take possession before the election. If the acquisition can be put off until after the election, CFO has a shot at a 4-3 majority if they get their candidates elected.

[EagleDad]

CFO 4-3 majority happens, and property values around here start dropping like I rock. I know you could have my house for a song in that evil alternate reality.

Sorry, I'm just not cut out for home-schooling.

I, for one, will be lobying hard for both CB (I think he really showed his colors one January eve) and M2, who I think has always had the broader view of the whole district in mind.

[bob]

We have some work to do.

Each candidate should be inspected inside and out.


204FTK really should be ramping up for this election.

[blankcheck]

Aside from CV - THe major point is how much this will cost. The district is putting us in the position that should Springfield decide we can take the land, we are then obligated to pay whatever amount for that land that a jury decides. Again, going back the the original 25 acres, the district started out at $105,000/acre and settled on $257,000/acre. That is 40% more than their original offer. If the jury decides to do the same, the district would be looking at paying 359,800/acre. Once again, the district is putting us in a position of buying something without knowing what the cost will actually be - of which we WILL be obligated to pay. No one on that board can say for certain what the jury will decided the fair market value of that property truly is.

[bob]

Once again, the district is putting us in a position of buying something without knowing what the cost will actually be - of which we WILL be obligated to pay.

The jury can only give them what the official BB estimation is. IN public AND NOT UNDER OATH, they claim $600k. So we know what the top expense is.

[chicoryowl]

As I understand it, the $257,500/acre was agreed to (by the Brach/Brodie lawyers) in Jan '05. The valuation is as of Dec '05.

Glawe made an excellent point during the meeting when he said it was ludicrous to assume that the land would have appreciated as much as the lawyers were thowing ($500K,$600K) out in the space of less than a year.

[bob]

I certainly hope the DuPageTax Assesor reads what BB sees what their property is worth.

[wvhsparent]

blankcheck said:

Aside from CV - THe major point is how much this will cost. The district is putting us in the position that should Springfield decide we can take the land, we are then obligated to pay whatever amount for that land that a jury decides. Again, going back the the original 25 acres, the district started out at $105,000/acre and settled on $257,000/acre. That is 40% more than their original offer. If the jury decides to do the same, the district would be looking at paying 359,800/acre. Once again, the district is putting us in a position of buying something without knowing what the cost will actually be - of which we WILL be obligated to pay. No one on that board can say for certain what the jury will decided the fair market value of that property truly is.

BC That is my fear too.....
real estate can be somewhat volatile....and juries unpredictable. Now that the piece of property between 75th and Ogden by Commons was bought and in the process of being developed as commercial property, would only serve to increase the value of the BB property. They want to gamble that they have an accurate appraisal. They calim to be over budget already, where/what will they cut? They told us the bldg is already bare-bones...I am so confused

[wvhsparent]

Ya know...the heck with it all..... I really don't care anymore!
Go ahead, build whatever you want.....pay whatever you want.......It will not be any benefit to me or my family as my son graduates next year...and I am so done with this Dist.

Time to find me a double-wide out in the back country.

[204parent]

wvhsparent said:

Ya know...the heck with it all..... I really don't care anymore!
Go ahead, build whatever you want.....pay whatever you want.......It will not be any benefit to me or my family as my son graduates next year...and I am so done with this Dist.

Time to find me a double-wide out in the back country.

Things could be worse...we could be talking about a six-story HS like district 203.

[bob]

Now that the piece of property between 75th and Ogden by Commons was bought and in the process of being developed as commercial property, would only serve to increase the value of the BB property.

It also set a price for what the land is worth. Plus that is commercial property which is more expensive. The 55 acres are zoned dense housing which is worth less.

[chicoryowl]

bob said:

Now that the piece of property between 75th and Ogden by Commons was bought and in the process of being developed as commercial property, would only serve to increase the value of the BB property.

It also set a price for what the land is worth. Plus that is commercial property which is more expensive. The 55 acres are zoned dense housing which is worth less.

The other thing to keep in mind is that the valuation is as of the condemnation date. They could have struck gold...or sewage...after the condemnation date and it shouldn't effect the price the jury is awarded.

[blankcheck]

So basically the district is looking at spending anywhere from 14,135,000 (257,000/acre) to 33,000,000 (600,000/acre) - whatever the jury decides. That cold ultimatly cost the district and additional 18,865,000 dollars just for the land. Now you tell me Bob where is that additional money going to come from? Again, now that they have decided to proceed with this "quick take" agreement, we as a district, are OBLIGATED to pay that additional cost. Is this property really worth taking that risk?