warning: file_exists(): open_basedir restriction in effect. File(/var/www/vhosts/glencoenews.com/httpdocs/../ad_/ad_cache_.inc) is not within the allowed path(s): (/var/www/vhosts/glencoenews.com/httpdocs/:/tmp/) in /var/www/vhosts/glencoenews.com/httpdocs/sites/all/modules/ad/adserve.inc on line 160.

City explores purchase agreement for Helen Baker building

The Glencoe City Council unanimously voted Tuesday, Sept. 5, to authorize Mayor Randy Wilson and City Administrator Mark Larson to execute a purchase agreement with the Glencoe-Silver Lake School (GSL) District to purchase the Helen Baker school site, as recommended by the Economic Development Commission (EDC).
It was further recommended and approved to authorize David Drown & Associates to prepare a redevelopment tax increment financing (TIF) district plan for the site, set a public hearing for the redevelopment TIF district on Nov. 6 at 7 p.m., and authorize Larson to prepare an application for rezoning the Helen Baker site to be R-2 multi-family.
In this purchase agreement between the city and the school district, the city of Glencoe would purchase the nine acres of land from the GSL School District for $1 with the intent of selling the site for $1 to developer Glencoe Multi Family, LLC.
Glencoe Multi Family, LLC, submitted a formal proposal for the Helen Baker site, which the EDC committee went over earlier this summer.
Glencoe Multi Family intends to build a 97-unit apartment complex on the site as well as 10 single-family patio homes along 16th Street, at the southern end of the property.
The developer requested assistance from the city in acquiring the property from the school district and constructing a regional storm water pond. The total redevelopment cost is estimated to be $763,250 — it is proposed that the school district will contribute $300,000 with the city bonding for the remaining balance of $463,250.

For more about the proposal, see the Sept. 13 print edition of The Chronicle.