Geneva Dunkin’ Donuts sold for unpaid property taxes

Will not approach on acquiring a doughnut and a latte from Geneva’s east side Dunkin’ Donuts any time quickly, as it was sold for $11,529.58 in unpaid home taxes, Kane County documents demonstrate.

State Street Coffee LLC — an entity of The Hari Team of Naperville, which owns 206 E. Condition St., Geneva — failed to pay out its assets taxes for 2020, information show.

Equity Just one Expense Fund of Sugar Grove compensated them on Nov. 21, 2021, at the annual tax sale, in accordance to a spokesman for the Kane County Treasurer’s Office.

The tax sale process provides the primary proprietor two many years to redeem the house from the tax sale by having to pay Equity One Investment Fund. The property’s operator has till Nov. 21, 2023, to do that, the spokesman claimed.

If the operator does not redeem the assets in the two-12 months interval, Fairness A single Expense Fund would have to go to court docket to get the deed, the spokesman stated.

Metropolis spokesman Kevin Stahr said in an email that officials were not long ago knowledgeable that Dunkin’ had secured its allow from the Illinois Department of Transportation and was in the course of action of finding contractors to complete the remaining operate.

A voice mail message remaining at Fairness One was not returned. Raj Patel of The Hari Group in Naperville, developer of the Dunkin’ Donuts, did not reply to an electronic mail looking for comment.

Condition Road Espresso LLC acquired the 206 E. Point out St. property for $715,000 on March 21, 2019, according to county property data. The house had been a former gasoline station, shuttered considering that 2014.

In 2018, the Geneva Metropolis Council approved particular use zoning for the Dunkin’ to have a drive-via, with Mayor Kevin Burns breaking the 5-5 tie vote.

Aldermen had previously approved a progress incentive bundle for Dunkin’ Donuts with a $70,000 grant and a product sales tax rebate up to $102,000.

But the economic improvement incentive is not payable right until after the job receives a certificate of occupancy from the metropolis, officials reported, as it was structured as a reimbursement.