City of DeKalb Regular City Council Meeting Minutes 2026-05-11
City Acquires Monat Building from NIU for Demolition and Parking
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Description
The City of DeKalb approved a Real Estate Purchase and Sale Agreement with Northern Illinois University to acquire 148 N. Third Street for $1. The City will demolish and remediate the former Monat/Rice Hotel property to create public parking, with estimated demolition and environmental costs of $618,000 to $670,000.
Contract Details
Contract Amount
$1 (property conveyance; demolition & remediation estimated $618,000–$670,000)
Vendor
NORTHERN ILLINOIS UNIVERSITY
Agency
City of DeKalb city, IL
Contract Type
OTHER
Document Date
May 11, 2026
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