August 26, 2019
Background • Multiple discussions over 8 years • Staff recently approached in May 2019 • Four parcels totaling 2.92 acres • Approximate 11,800 square foot recreation center building - built in approximately 1971.
Vision 2020 Considerations Site for New Adult Center • Ideally sized and situated • Adaptive re-use of the existing building or construction of a new building • Adult Programming is a high priority • The Abbey received a C+ on the Facility Assessment Scorecard • 48% of respondents rated The Abbey in “fair” condition • 58% of households were “very” or “somewhat” supportive of developing a new senior center
Vision 2020 Considerations, cont. Site for New Adult Center, cont. • Concerns have been raised about traffic and the difficulty of entering or exiting 135 Palmer Drive • Redeemer Center site will provide much better access
Vision 2020 Considerations Acquire More Open Space • District does not meet the benchmarks for open space • The property is ideally situated to address this neighborhood which is a park “desert”
Additional Considerations • Palmer Drive property can be developed as part of an expanded Glos Park to serve residents in and around downtown Elmhurst • Hundreds of new residents in rental and condominium units recently opened or currently in development • Preserves a nearly three acre piece of open space from development • No impact on the community’s tax base because the Church does not currently pay property taxes due to its tax-exempt status.
Funding & Contract Terms • A “forever” purchase • Long-term financing without significantly diminishing the District’s ability to address other priorities is appropriate • $5,500,000 • $50,000 earnest money • Closing on a mutually agreed upon date • 30 days to complete due diligence
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