===== PDF PAGE 54 =====
[Extraction: OCR (rendered-page OCR)]
CITY OF WEST CHICAGO
CITY COUNCIL
AGENDA ITEM SUMMARY
ITEM TITLE:
AGENDA ITEMNUMBER: _/- R. _|
Approve the Payment of Back Property Taxes for 126
Wood Street in an Amount Not to Exceed $60,000 FILE NUMBER:
COMMITTEE AGENDA DATE: N/A
COUNCIL AGENDA DATE: 4/15/2024
STAFF REVIEW: SIGNATURE
APPROVED BY CITY ADMINISTRATOR: SIGNATURE
ITEM SUMMARY:
Unsuccessful in getting voluntary City Code compliance at 126 Wood Street, the City is seeking to have
the Court declare this property abandoned if it cannot come to a negotiated resolution with the property
owner. Regardless of this outcome, the new owner would need to pay the back taxes associated with the
three parcels, which as of 4/1/2024, totaled just under $52,000, with daily interest accruing. After some
date the first week in June 2024, the purchaser(s) of the back property taxes would be entitled to take
possession of the property, which only restarts our code enforcement efforts with a new owner.
Staff is seeking authorization from the City Council to continue to pursue the acquisition of these parcels
and to pay the back taxes associated with them. There is money in the Budget via the most recent
Amendment that would accommodate this transaction.
The goal would be to recover all money spent to acquire this property and bring it into compliance with
the City Code via an eventual sale, which the City has successfully done in the past.
If a negotiated sale is successful not involving the City, these funds will not be spent.
STAFF RECOMMENDATION:
Staff recommends that the City Council approve the payment of back property taxes for the three parcels
associated with 126 Wood Street in an amount not to exceed $60,000.
COMMITTEE RECOMMENDATION:
This item did not go to Committee.