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CL-2528 Work Session   Item #: A.       
Meeting Date: 05/04/2021  
Subject:    Consideration of Accepting the Transfer of Real Property from the IDA located at 500 Main Street
From: Kelvin Perry

COUNCIL ACTION
Work Session Meeting:     05/04/2021
SUMMARY
This item is a request filed by the Danville Office of Economic Development on behalf of the Industrial Development Authority of Danville (IDA) to transfer the real property located at 500 Main Street, also referenced as City Parcel ID #22901, to include all personal property that may be located on property. 
BACKGROUND
The Danville Industrial Development Authority currently owns the real property located at 500 Main Street, also referenced as Parcel # 22901. Situated in the heart of the River District, this property is located on the corner of Main Street and N. Union Street. The property is currently a vacant lot and was formerly the location of the Downtowner Motor Inn, which was removed from the property approximately 10 years ago as part of the city blight program.  It is also where the "HOME" sign is currently displayed. Upon approval of this transfer, the lot will be managed by the City's Parks and Recreation Department. 
RECOMMENDATION
Staff recommends the approval of the transfer of this property from the Industrial Development Authority to the City of Danville. 
 

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