R E Q U E S T F O R D E V E L O P M E N T P R O P O S A L S F O R C I T Y - O W N E D R E A L P R O P E R T Y A T 709 – 713 S.W. 3rd STREET R F P I s s u e d b y : C i t y o f A l e d o – E c o n o m i c D e v e l o p m e n t 1 2 0 N . C o l l e g e A v e . A l e d o , I L 6 1 2 3 1 w w w . a l e d o i l . o r g C o n t a c t : T a r a h S i p e s a t t s i p e s @ a l e d o i l . o r g I N T R O D U C T I O N T h e C i t y o f A l e d o , I l l i n o i s , r e q u e s t s p r o p o s a l s f r o m b u y e r s i n t e r e s t e d i n a c q u i r i n g b y p u r c h a s e r e a l e s t a t e l o c a t e d w i t h i n t h e A l e d o C e n t r a l A r e a R e d e v e l o p m e n t P r o j e c t A r e a w h i c h c o n s i s t s o f t w o v a c a n t p a r c e l s . T h e s e p a r c e l s b e n e f i t f r o m t h e R o u t e 1 7 c o r r i d o r t r a f f i c , l o c a t e d n e a r t h e d o w n t o w n a r e a , a n d a r e h i g h l y v i s i b l e . T h e C i t y ’ s d e v e l o p m e n t g o a l s f o r t h e s i t e i n c l u d e : 1 . M a x i m i z i n g t h e s i t e ’ s d e v e l o p m e n t p o t e n t i a l a n d c o n t r i b u t i n g t o t h e R o u t e 1 7 c o r r i d o r w i t h a w e l l - d e s i g n e d d e v e l o p m e n t t h a t w i l l b r i n g e m p l o y e e s a n d v i s i t o r s t o t h e a r e a . 2 . T h e C i t y w o u l d l i k e t o s e e t h e s i t e d e v e l o p e d w i t h a r e t a i l a s p e c t . S a i d r e a l e s t a t e i s l e g a l l y d e s c r i b e d a s f o l l o w s ( t h e “ S u b j e c t P r o p e r t y ” ) : Lots 5 and 6 in Fractional Block 84 in College Addition to the Original Town, now City of Aledo, AND, All that part of the South 50 feet of that portion of Burlington Northern Railroad Company’s (formerly Chicago, Burlington & Quincy Railroad Company) 100.0 foot wide Alpha to Aledo, Illinois Branch Line right of way, now discontinued, being 50.0 feet wide on each side of said Railroad Company’s Main Track centerline, as originally located and constructed upon, over and across South Half Southwest Quarter of Section 17, Township 14 North, Range 3 West, Fourth Principal Meridian, Mercer County, Illinois; bounded on the Easterly side by the Southerly projection of the East line of Fractional Block 84, College Addition to the Town of Aledo, Illinois, and bounded on the Westerly side by the Southerly projection of the West line of Fractional Block 84, College Addition to the Town of Aledo, Illinois, according to the recorded plat thereof; ALL in the County of Mercer and State of Illinois. PINs: 10-10-17-354-005 and 10-10-17-354-010 Brief Description of the Properties: The properties are vacant and are zoned C for commercial. The zoning is intended to provide for the development of retail and residential services. In addition, the property is located in the Tax Incremental Financing (TIF) District along the Route 17 corridor which is a major artery through Aledo with retail and commercial uses for similar properties along the corridor. All utility hookups, including sewer, gas, and water are existing. The City of Aledo is the current property owner and very motivated to see the land developed. Due to the location of the lots within a TIF district, the City is not obligated to sell the land for 80% of the appraised property value which allows the City to assist the Developer in purchase price incentives for property by issuing a Request for Proposals. The two lots are also adjacent to an additional vacant lot to complete the block which is currently for sale. Ronald Moffitt is the property owner of the adjacent lot, 702 SW 2nd Ave. which is approximately 50 x 120 and listed for $30,000. Utilities: A. Ameren Illinois is the electric carrier and the supplier is open to the developer. B. The City of Aledo supplies the water, sewer, and gas utilities. The City is in the position to provide incentive rates on City utilities and discuss possible agreements to facilitate development of the properties. C. Viola Home Telephone Company completed the installation of fiber cable along the Route 17 corridor which is available to properties located in the corridor. A l l i n t e r e s t e d p a r t i e s s h o u l d s u b m i t p r o p o s a l s t o t h e A l e d o C i t y C l e r k , a n d a l l s u c h p r o p o s a l s s h o u l d i d e n t i f y t h e t e r m s a n d c o n d i t i o n s o f t h e p r o p o s e d p u r c h a s e o f t h e S u b j e c t P r o p e r t y , a n y T I F i n c e n t i v e s s o u g h t b y t h e b u y e r , a n d t h e p r o p o s e d u s e ( s ) o f t h e S u b j e c t P r o p e r t y b y t h e b u y e r . For further information, please contact Tarah Sipes, Economic Development Coordinator, or Jarod Dale, City Clerk, at (309) 582-7241. C O M M U N I T Y D A T A A . D e m o g r a p h i c s 2 0 1 6 T o t a l P o p u l a t i o n – 3 , 6 8 4 2 0 1 6 T o t a l H o u s e h o l d s – 1 , 5 9 3 2 0 1 6 T o t a l L a b o r F o r c e – 1 , 7 0 6 2 0 1 6 M e d i a n I n c o m e - $ 4 1 , 6 4 8 B . E d u c a t i o n M e r c e r C o u n t y F a m i l y Y M C A C h i l d r e n ’ s S c h o o l A p o l l o E l e m e n t a r y S c h o o l M e r c e r C o u n t y I n t e r m e d i a t e S c h o o l M e r c e r C o u n t y H i g h S c h o o l L ’ A b r i s A c a d e m y H i g h R o a d s A d v a n t a g e C .