August 26, 2019 Background Multiple discussions over 8 years Staff - - PowerPoint PPT Presentation

August 26, 2019

• 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.

Background

• Ideally sized and situated
• Adaptive re-use of the existing building or construction
• f 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

Site for New Adult Center

• 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, cont.

Site for New Adult Center, cont.

• District does not meet the benchmarks for open space
• The property is ideally situated to address this

neighborhood which is a park “desert”

Vision 2020 Considerations

Acquire More Open Space

• 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.

Additional Considerations

• 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

Funding & Contract Terms

Questions?