CITY COUNCIL AGENDA ITEM
ACTION REQUESTED:
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Receive the staff report on Life Time Fitness and Tower Court Residences (Item 1 of 9)
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DEPARTMENT: Transportation, Engineering and Development
SUBMITTED BY: William J Novack, P.E., Director of Transportation, Engineering and Development/City Engineer
BOARD/COMMISSION REVIEW:
N/A
BACKGROUND:
The City of Naperville purchased 40 acres of land at the southeast corner of Route 59 and 103rd street, commonly known as the south 40, during the city's growth era of the 1980s. The property was purchased for potential use by municipal utilities, the Fire Department, and potentially for satellite branches for operating departments. Part of the property was developed with Fire Station #6 and another part is used by Water Utilities for an elevated water tank and water reservoir. Since City departments preferred to remain centralized, the satellite facilities that had been envisioned were never constructed on the property.
In 2007 the Wheatland Township Road District was seeking land for the Township Road District garage. The City sold two (2) acres of land to the Township Road District and today the Township Road District and the Township are joint owners of the property located on Tower Court adjacent to the City water utility facilities. Approximately 23 of the original 40 acres remained vacant for years and are essentially surplus land to the City. Over the years many offers were extended to purchase the property, but none that were of interest to the City.
In response to a 2020 Housing Needs Assessment/Housing Needs Report prepared for the City by SB Friedman Development Advisors, in 2021 the City Council issued an RFP to propose the sale of part of the City-owned South Forty property to address housing gaps identified in the Housing Needs Report. Through that process, Gorman & Company, LLC emerged as the recommended developer. In 2023, the City entered into a Purchase and Sale Agreement (PSA) with Tower Dr...
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