DeKalb Library Land Purchase is Complete


The DeKalb Public Library closed yesterday on its purchase of land for expansion from Castle Bank, trustee under Trust Agreement #2222 and the sole beneficiary of the land trust, developer Steve Irving. The purchase price is $1,450,000 plus $25,000 for each month/part of month beyond the original target closing date of October 1, 2011, according to the purchase agreement.

If you’d like a copy of the agreement, e-mail me. It’s a 30-page PDF.