.cat-links { display: none !important; }

Avon Town Council begins property annex, hears development information

Compiled by Peg McRoy Glover

The Avon Town Council met Feb. 23. The council meets at 7 p.m. the second and fourth Thursday of the month at Avon Town Hall, 6570 E. U.S. 36. Meetings can be viewed on the town’s social media accounts. The next scheduled meeting was scheduled for March 9. The ICON will report on that meeting in an upcoming issue.

What happened: A letter of intent, an agreement and an economic development bond were introduced between the town and DRG Industrial Fund I Avon, a Delaware-based limited liability company.  This is for land DRG owns along Ronald Reagan Parkway. The project is known as the Reagan Logistics Center Project. A public hearing and final reading will be on the council’s agenda March 23.

What this means: The Reagan Logistics Center Project is the development of two industrial buildings at 1500 and 1322 Ronald Reagan Parkway. One building will be 700,000 square feet and the other 300,000. DRG will pay $2.1 million for infrastructure costs through the purchase of Avon economic development revenue bonds. The total building infrastructure cost is $2.8 million, and DRG will pay the difference. The total project cost is expected to be $45 million. 

What happened: The council approved a resolution declaring property at 8838 CR 100 S. an economic revitalization area. This is the first step for tax abatement to Ryder Integrated Logistics that will operate a business at the Avon Logistics Center building 2.

What this means:  Ryder signed a lease with Chicago Industrial Real Estate on 200,000 square feet of an 800,080 square foot building. The tax abatement is a five-year, 50%, personal property tax abatement. Estimates show the business will have an annual payroll of $2.75 million and a $12 million investment in equipment and information technology. Ryder anticipates an August move-in date.

What happened: The council approved an ordinance that annexes Oxford Park, located south of East County Road 100 S and west of South County Road  525 E as an addition to Avon Town Council Ward 1. 

What this means: This property is currently primarily agricultural or farmland. The town has interacted with property owners for three years. Owners will be sent a notice of the council’s approval, followed by a 90-day remonstrance period beginning March 2. The petition can be signed 8 a.m.-4:30 p.m. weekdays at town hall. Five meetings with town staff will be held 5 p.m.-9 p.m. on dates to be announced at the Professional Development Center at White Oak Early Learning Center, 7221 E. U.S. 36. If enough owners don’t sign the remonstrance petition, then the annexation will be effective May 31. 

What happened: Council approved the second reading of a remote work policy ordinance that establishes policies for working remotely. It was introduced Feb. 9. 

What this means: Department heads will implement this policy on a case-by-case basis. 


Leave a Reply

Your email address will not be published. Required fields are marked *