By: Diane Benjamin
The Town of Normal has a LONG history of over-paying for properties and then selling them for much less. (or just giving them away!) I’ve done numerous stories since 2012 detailing some of them.
Here are 3 blatant examples:
In 2015 Normal bought 513 N School for $170,000. 509 N School was purchased for $150,000.
The excuse for buying both properties was to return them to single family dwellings. See PDF page 91. The Town knew they would only recoup 50-66% of the purchase price when the properties were sold. 513 N School was sold for $70,000 at the June 6, 2016 meeting.
See PDF page 42. 509 N School was sold at the November 7, 2016 meeting for $65,000.
Next, go back to the first link – PDF page 42. 614 N School was bought by the Town in November 2015 for $190,000. The Town sold that property for $45,000 at the June 2016 meeting.
The Town of Normal has plans. They have no problem losing your money to complete their plans.
Less then a year later Town was offering early retirement to employees: Normal-will-offer-buyouts-to-some-employees
Add all the below market rate leases and one has to wonder if any Town employees have ever taken an economics course!
This is a link to the minutes from the sale of 509 N School. The sale was on the Omnibus Agenda and was not pulled for discussion: https://normal.org/ArchiveCenter/ViewFile/Item/2253
This is a link to the minutes from the sale of 513 and 614 N School. These were not on the Omnibus Agenda, but the minutes do not reflect any Trustee concerns about the huge losses: https://normal.org/ArchiveCenter/ViewFile/Item/2132
Who was on the Council and still is?
Understand now why Normal has kept their illegal public comment policy? You are immaterial, the Town only wants your money not your opinion.