Jail Res 3

(Photo provided by Yorkville Historic Preservation Society)

The City Yorkville is opting to shell out up to $20,000 to the developer behind the restoration of the Old Kendall County Jail in the downtown area. City Manager Bart Olson says the city has a redevelopment agreement with the jail's new owners.
The owner, KCJ Restoration LLC, has to bid out the work at which point the city will pay out.The money can be used for water and sewer and electrical work. The limit is $15,000 for the water and sewer and $5,000 for the electric. If the developer takes a bid over those amounts, it will be on them to pay the rest. Olson says the jail has been a work in progress.
The money the city is paying out comes from a tax increment financing district where some property taxes are diverted to a fund that can only be used for development in a certain area. There are two downtown TIF districts in Yorkville.

The Yorkville City Council opted for the payout at last week's meeting.