SYCAMORE — Another milestone was taken this week to help pave the way for a Chicago developer’s plan to buy and rehabilitate suburban properties and suburban apartments just outside the city limits of DeKalb.
The DeKalb County Board voted unanimously Wednesday to approve a resolution for an intergovernmental agreement with the town of DeKalb and Clear Investment Group LLC to purchase the rental community, which officials say has fallen into disrepair over the years. Under new ownership, the resort could prosper and be safer and better for its tenants, government officials said.
Under the agreement, the properties, located on North Annie Glidden Road and Twombly Road, will be annexed from DeKalb County to the City of DeKalb and connected to the city’s water system for more efficient utility services.
“It’s a win-win, win-win,” Tim Bagby, a Republican representing District 3, said at Wednesday’s board meeting.
Steve Faivre, a District 4 Democrat, agreed.
“It was about time,” Faivre said.
According to a letter Written by County Administrator Brian Gregory at DeKalb County Council, property complaints are frequently referred by telephone to local authorities.
“The county and city frequently receive phone calls with concerns related to property maintenance in individual units and common areas,” Gregory wrote. “Broken windows, broken pipes, water quality and pressure, heating and air conditioning problems, insects and mold have all been among the issues raised by tenants over the past five years.”
Gregory wrote that the county doesn’t have many options for how it can respond to concerns raised by residents.
“Without being a self-governing county, DeKalb County is limited to adopting only codes granted by the State of Illinois,” Gregory wrote. “The very fact that suburban development remains in unincorporated DeKalb County is problematic in addressing concerns raised by tenants, their family members and other affected residents.”
As part of the agreement, the county will use money received through the American Rescue Plan Act to connect the annexed property to the city of DeKalb’s water system.
“Because the property annexed to the city is expected to be connected to the city’s water supply, the county will pledge American Rescue Plan Act funds in an amount not to exceed $862,500 for the installation and connecting the water line to the property,” Gregory wrote. .
According to DeKalb city documents released ahead of the DeKalb City Council meeting on August 8, Clear Investment Group LLC would buy, repair, rehabilitate and maintain the tenants of the two complexes as new owners for $30 million.
For two years from annexation, or three years from developer’s closing, the DeKalb County Sheriff’s Office will retain jurisdiction over the property. In the meantime, the DeKalb City Police Department will continue to provide assistance. After that time, the City of DeKalb will assume policing jurisdiction and the county will then provide assistance if needed.
“This agreement is an example of what the government can do when working together focusing on what is best for the community as a whole,” Gregory wrote.
At the August 10 committee of the whole meeting, county board chairman John Frieders said it took a lot of people working together on the intergovernmental agreement to get it ready for a vote.
“It’s very important to the residents of this facility and it’s something that’s been a long time coming,” said Frieders, a District 12 Republican.
Democratic board member Rukisha Crawford, who represents District 6, expressed her gratitude to the region’s governments working cooperatively to advance the property.
“The comment is, thank you, thank you, thank you,” Crawford said during the full committee. “Thank you for guiding this process.”
Crawford also asked if county staff had any information about the company buying the property. As a result, Lindsay Rodriguez of Clear Investment Group LLC was at the August 17 board meeting.
“We certainly look forward to working with you,” said Suzanne Willis, Vice Chair of the Board.
Willis, a Democrat from District 10, led Wednesday’s meeting in Frieders’ absence. Rodriquez said the feeling was mutual and reaffirmed the company’s plans to help with the installation.
“You won’t hear anything from us. I promise,” Rodriguez said.