The District 97 Board of Education Dec. 16 approved its intergovernmental agreement with the Village of Oak Park concerning swapping Madison Street properties in order for the district to build its new headquarters at 260 Madison St. The vote was 5-0, with members Peter Traczyk and Amy Felton absent. The village approved the IGA on Dec. 8. The school board last week also approved a 40-year lease agreement with the village to relocate its maintenance operations to the village’s Public Works building. The district will lease space for one-dollar over the 40-year period; the village will cover the costs of the relocation.
D97 will rent roughly 7,600 square-feet of space in the building, including 385 square-feet of second-level office space, according to the lease agreement. D97 will also have access to about 37,000-square feet of common space at Public Works, located at 201 S. Blvd.
As part of the agreement, D97 will put its current warehouse at 541 Madison St. on the market.
The relocation is expected to be completed by the end of 2017 or upon the sale of the warehouse, whichever comes first, according to the agreement.
The village will cover the costs of the relocation, according to the agreement. The remaining bit of work for the village and D97 is to amend the Madison Street TIF next month.
Both the village and D97 boards expect to take action on the TIF to allow $6.3 million from it to go toward building the new headquarters.
The school district’s architect, STR Partners, will oversee the project. The firm has held two public meetings in the last month with stakeholders, including school PTOs and officials from other Oak Park taxing bodies, to get ideas about the building’s design.
A public meeting for entire community is scheduled for February.