Documents: College Town Partners NFP

For all of NIU’s having publicly “backed away” from a partnership for redevelopment with City of DeKalb et al last spring, it seems the institution had already secretly created a “charity” with a local developer and a banker in December 2013 for similar purposes.

The documents were Tweeted to me.

Some of the docs are hard to read even if you click to access the permalinks. I urge you to use whatever magnification capabilities you have (with my computer I push the mouse wheel forward while depressing the CTRL button) and I apologize for the inconvenience.

The first doc is an email exchange between NIU VP Bill Nicklas and counsel. Nicklas is trying to check for conflict of interest concerns. To me, it’s the one spot of light in all the darkness.

Oh, look. Now they’re trying to bring District 428 school board member Tom Matya into it.

Plans moving forward.

Could “Vice-Chair Strauss” be Marc Strauss of NIU Board of Trustees and partner of law firm Foster & Buick? No conflict there.

NIU President Doug Baker, having been given the green light to contribute to the new “charity,” writes a letter to Castle Bank’s Tim Struthers. The money quote (heh):

To affirm NI’s interest in becoming a sustaining partner in this process, NIU hereby pledges up to $250,000 to the not-for-profit agency College Town Partners, for mutually agreed redevelopment purposes in the College/John/Harrison redevelopment area.

The Articles of Incorporation for College Town Partners NFP list Bill Nicklas, Steve Irving and Tim Struthers as the first board of directors. Dated December 18, 2013.

IRS assigns CPT an EIN.

The work to become tax-exempt continues.

College Town Partners NFP is still listed as an active not-for-profit corporation at the Illinois Secretary of State’s website.