City To Acquire NIU Monat Building For Parking
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Description
The City of DeKalb is considering approval of a purchase and sale agreement with Northern Illinois University to acquire the vacant Monat Building at 148 N. Third Street for $1.00. The City would undertake environmental remediation, demolition, and site preparation estimated up to $670,000 to create a new downtown parking lot funded through TIF 3.
Contract Details
Contract Amount
$1.00 (property transfer); estimated $670,000 for remediation, demolition, and site prep (excluding future paving)
Vendor
NORTHERN ILLINOIS UNIVERSITY
Agency
DeKalb Sycamore Area Transportation Study, IL
Contract Type
FACILITIES
Document Date
May 11, 2026
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