Village of Addison (630) 543-4100
Village of Addison
Assistant Village Manager
Water Billing ......................... 693-7570
Village of Addison eNewsletter
From the Desk of
The beginning of
school has felt different in Addison ever since Driscoll Catholic High
School closed its doors at the end of the 2008-09 year. However, if
you've driven by lately, you might have been pleased to see signs
That is because the Village of Addison has reached an agreement with the Diocese of Joliet to purchase the property, and we have entered into an agreement with DuPage High School District 88 to allow Addison Trail High School to use the property for athletic practices. They will maintain the property, and allow other community groups, such as the Park District, to use the land as well.
Details on the
purchase of the property are included below, but let me assure you that the
Village Board of Trustees weighed this decision for some time.
However, because of the Village's excellent financial history and superior bond rating, we were able to get an interest rate far below what most agencies would pay. We were also able to negotiate a purchase price far below market price for open space in DuPage County.
Ultimately, though, the ability to control the future of this property was the deciding factor. Such a large piece of land, so near to schools and a residential neighborhood made us want to be sure that careful consideration would be taken before the land is redeveloped.
In the meantime, it will be utilized and enjoyed by our entire community.
At the end of this month, the Village of Addison will close on the purchase of the former Driscoll Catholic High School property, on Lombard Road, ending nearly a year of speculation as to what would become of this parcel.
In early September, the Village issued $3.5 million in taxable bonds. The purchase of the 19-acre property will cost $2.9 million; the remainder will go toward the demolition of the school buildings.
“This was an extremely good price,” said Village Manager Joe Block. “There is very little open, undeveloped space left in DuPage County, and it typically sells for many times the $150,000 per acre price we are paying.”
The bonds were issued at an interest rate of 4.55 percent, due to the recent AAA Bond Rating from Fitch Ratings. It will mean a property tax increase of just $16 for home valued at $300,000.
“Any time we make a decision that affects our taxpayers financially, we have to think long and hard about it,” said Mayor Larry Hartwig. “But this is really an investment in our community. Many people will benefit from it.”
Last spring, the Village Board of Trustees met with elected officials and administrators from other taxing bodies, including DuPage High School District 88 and the Addison Park District. All were in agreement that the land could be put to good use for athletic practices, programs and other events.
The Village has entered into an Intergovernmental Agreement with District 88, allowing them priority use of the fields for practice for Addison Trail High School athletes, in exchange for maintaining the fields. They will also handle scheduling of use by other entities, such as the Park District and Addison Rec Club.
The Village used taxable bonds, so that at some time
in the future, if a developer wanted to purchase the parcel for residential
development, the Village could sell the property at a profit and eliminate
the property tax which pays for the bonds.
The Village of Addison Community Development Department –Engineering Division reminds residents of the following:
Chris Weinbrenner has been a Patrol Officer for the
Addison Police Department for 6 ½ years. Chris is a Traffic Safety Officer
in the Traffic Safety Unit of the Police Department and is responsible for
monitoring any traffic violations throughout the Village. Chris has been
presented with several awards by the Police Department for his outstanding
record in keeping Addison streets safe to drive on.
Omar Brucal, the August Employee of the Month, has been a
Village employee for 10 ½ years. Omar is responsible for the education of
safety topics to the youth and adults of the Village through D.A.R.E.,
Neighborhood Watch, C.E.R.T, CPTED Explorer, Peer Jury, etc. programs; by
hosting and organizing various Police Department public events.
Mayor’s Community Charity Ball
The 20th Annual Mayor’s Community Charity Ball will be held Saturday, Nov. 13 at Alta Villa Banquets, and everyone is invited!
Tickets are $75 per person, including open bar, dinner, entertainment and dancing. A portion of each ticket will benefit 22 local charities and service organizations.
More than 200 items will be featured in the Silent Auction, including dinner tickets, sports memorabilia, spa packages and jewelry.
For more information, please contact Doree Krage in the Community Relations Department at 630-693-7550.
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