Council Approves Sale of Parking Lot to Downtown Developer
Lot will be sold for $13,500 and will partially be used for a pedestrian mall.
Yorkville officials overwhelmingly approved the sale of a parking lot to a downtown developer for $13,500. In early November Imperial Investments bid $13,500 to buy and redevelop a parking lot behind the Cobblestone Building, on Van Emmon Street. The lot is about 1/10 of an acre. Before approving the sale, the city had to rewrite the contract to allow Imperial to turn a portion of the lot into a pedestrian mall. On Tuesday the board approved the plan with Ward 3 Alderman Chris Funkhouser abstaining. Ward 3 Alderman Marty Munns was absent. Any parking spaces lost by turning the eastern portion of the lot behind the Cobblestone Building, on Van Emmon Street would be made up at another site owned by the developer, said City Administrator Bart…
