The future of the old DeKalb City Hall will be decided on Monday, August 10th at the DeKalb City Hall Meeting. There was a local blog report that stated the property known as ‘Old City Hall’ will be awarded to Pappas Development’. This report is questionable as all developers have a chance to give their proposal to the City Council members on Monday.
The current three proposals have been offered by Irving Construction, Pappas Developments, and Mason Properties.
In a phone interview with City Manager Bill Nicklas, all three proposals have been reviewed and will be presented to the City Council and staff on Monday evening. “Each of the proposals are unique, but still must be approved by council members and the Zoning Board,” said Nicklas.
Because the land in question is surrounded by residential housing, certain zoning laws must be approved.
The basic proposals* from the three include:
• Irving Construction: Demo of old City Hall, TIF money, and building 18 homes (maybe 21). A purchase offer for the City’s 2.5-acre property of $9,000. A TIF funding request of $1,611,674 to be paid out over 3 years, at $350,000 in year 1, $630,837 in year 2, and $630,837 in year 3.
• Pappas Development: Demo of old City Hall, TIF money, and building 78 furnished apartments. A purchase offer for the City’s 2.5-acre property of $600,000. A TIF funding request of $750,000 to cover only demolition, underground utilities, sidewalk improvements.
• Mason Properties: Keep and remodel old City Hall, TIF money, and building 11 condos (apartments). A purchase offer for the property of $400,000. A TIF request of $636,000 primarily for the rehabilitation of the former City Hall.
*Proposals subject to change
Each of the three development proposals will get 15 minutes to present the merits of their projects.