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ShoDeen developer says land swap officially dead

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ShoDeen
• would get Kiwanis Park, which District 428 bought in 2002 when the district was thinking of expanding Huntley Middle Schools, which was the high school then.
• would pay District 428 $654,511 as reimbursements for public improvements that were made when DHS was built.

District 428
• would get 33.46 acres next to DeKalb High School
• would not have to pay $42,000 a year. When the district was buying land for the high school, it struck a deal with Macon Development to get the land at a lower rate in exchange for an impact credit fee. 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. ShoDeen inherited that arrangement when it acquired the property.

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