by Diane Benjamin
Since Chris Koos has been elected Mayor more than once – You Did!
In previous posts about the Town of Normal, I stated in 2003 every citizen was $11.52 in debt to Normal. By 3/31/11 every citizen was $1725.18 in debt. The 3/31/12 financial statements have not been issued yet. A look at the properties purchased, retained, and given away by Normal says a lot. This information was obtained under the Freedom of Information Act and other public information. Since this post is difficult to read, I will summarize the results:
Total spent on properties GIVEN away $ 3,861,444
Total spent purchasing property still owned $11,853,584
There is MUCH more work and research to be done. I have the parcel numbers, sellers, and other applicable information if you want more information. The current mayor has announced he will run for office again in 2013. That implies he is not finished re-making Normal.
Properties Given away:
South Oak property used by Unit 5 for Chiddix baseball field 15,000
130-136 E Beaufort bought for $250,000
138 E Beaufort bought for $300,000
both sold for re-development to Beaufort Partners LLC – $110,968 439,032
701 S Fell, 303,305 W Vernon – Given to Habitat for Humanity 265,000
304 W Vernon – given to Habitat for Humanity 145,000
201-203 S Linden $325,000 leased to seller rent free for 5 years 325,000
102 Broadway – conveyed to Commerce Bank 500,000
301 Broadway – conveyed to Marriot 1,000,000
701 Broadway – conveyed to Matter Foundation for Single Family Home
Town bought in 2005-former frat house-tore house down 182,412
102 & 104 W North Street – still owned by town of Normal
104 Broadway – conveyed to Commerce Bank 200,000
106 Broadway – conveyed to Commerce Bank 200,000
All 4 properties purchased for 800,000, value per property est 200,000
Properties purchased and retained by
the Town of Normal since 2002:
101 E College 930,000
111 E College 100,000
101, 103, 105 W College 570,000
103-105 E Beaufort 600,000
108 E Beaufort 160,000
115 E Beaufort 120,000
129 E Beaufort-45 squ ft right-of-way 0
201-203 West Beaufort 240,000
211 W Beaufort 310,000
301 W Beaufort 98,000
101 Railroad 55,500
207 S Linden 250,000
305 South Linden, Unit 101 118,000
305 S Linden Suites 201-202-006 204,000
305 S Linden Unit 2 120,000
601 S Linden – portion sold-$14,000,
rest retained for road purposes 77,250 (net)
603 S Linden 11,200
900 S Linden 725,000
acquired to expand Underwood Park/Constitution Trail
109 North Street 80,000
209 1/2 North Street 133,500
102 E North and 100-104 1/2 E Beaufort 670,000
111 1/2 West North Street 5,000
206 W North Street 10,000
102 Parkinson 214,000
106, 108, 110 Parkinson 252,550
112 Parkinson 95,000
213 1/2 North Street
213 North Street
104 Parkinson
103 Broadway –
leased to Beaufort Parners LLC
207 Broadway
Interior Parking Lot All purchased for 1 ,987,000
Railroad ROW South of Beaufort 240,984
210 Broadway –
.86 acres Commerce Bank-seller 1,550,000
Beaufort & Broadway for road 3,000
More Property purchases-trades-give-aways:
309-311 W Beaufort bought for $850,000
Traded to ISU for:
602 and 604 Hester and 300 South Fell
The 2 Hester Properties were sold for $260,000
300 South Fell was given to Marriott
Net to taxpayers: $590,000
These properties purchased from Bk of Illinois $ 1,480,000
102 W College
99 W. Mulberry
98 W. College
Part was sold for $ 56,400, balanced used
For College Ave Parking Deck –
LAND ONLY COST: $1,423,600
4 Parcels purchased from One Main Development LLC between
College and Beaufort totaling 12,035 sq ft (.276323 acres)
Note size: around ¼ acre $500,000
Side note: this format would not keep the numbers in columns-this is the best I could do!
Some genuinely choice content on this website , saved to my bookmarks .