Mostly Cloudy
71°
DeKalb, IL
Mostly Cloudy|Forecast »

D-428 moving forward with land swap

Text Size: AaAaAaAaAa

DeKALB – DeKalb School District 428 might trade land used by youth soccer leagues for land near DeKalb High School that is owned by ShoDeen Construction for a future expansion.

The district’s board gave Superintendent Jim Briscoe consent to start formulating a formal agreement with the developer in a land swap that board President Tom Matya described as inevitable.

“I feel like we’re doing the right thing for the future,” Matya said in an interview before the meeting. “We’re taking an asset right now that has no value to us.”

The district would exchange 33.46 acres of land adjacent to DeKalb High School for 41.68 acres the district owns near Huntley Middle School and Fairview Cemetery. But the proposed deal also would free the district from paying $42,000 a year on a $1.05 million credit the district issued years ago.

Instead of paying $40,000 an acre for the land that was developed for DHS, the district made a deal with Macon Development to pay a lower rate in exchange for an impact fee credit.

However, the two parties also agreed that if Macon does not develop there, the district has to pay 4 percent – or $42,000 – a year starting in 2013. Now that ShoDeen has bought the property from Macon, the deal carries over, Briscoe added.

In addition, ShoDeen will pay the district $654,511 as reimbursements for the public improvements that were made when DHS was built.

As for ShoDeen, it does not have to pay impact fees on its development until
the district gets 600 students from the developer’s Fairview or Irongate communities or in seven years, whichever comes first.

David Patzlet, president of ShoDeen Construction, said in an interview after the presentation that this provision was essential for him, as impact fees would drive up the price of the homes.

Development at the Fairview property would mean the destruction of those soccer fields. Briscoe said he has spoken with some of the parents involved with DeKalb AYSO about the school district’s plans. The Fairview field is the only DeKalb field listed as being used by DeKalb AYSO on their website.

Previous Page|1||

Reader Poll

Do you shop at farmers markets and farm stands?

Weekly
Once or twice a summer
Never