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Continuing the Village’s desire to facilitate future development activity in the Yorktown area, the Village Board approved a Utility Service and Economic Development agreement at its September 15, 2016 Village Board meeting.
The agreement will provide for the construction of a new public sanitary sewer lift station that is necessary to accommodate future development needs in the area.
The concept of an incentive request was supported by the Village’s Economic and Community Development Committee (ECDC) in March, 2016. Through an analysis undertaken by Baxter & Woodman on behalf of the Village, the existing lift station located north of the Lombard Yorktown Center Westin would not have sufficient capacity to facilitate further development in the area. As a result, YTC Land Owner LLC, as land owner/developer of properties in the Yorktown Commons area will proceed with constructing a new lift station at their expense. The project is estimated to cost approximately $1.6 million. In consideration of this activity, the Village will waive the requisite utility connection fees for selected future projects within the Yorktown Commons planned development. However, all other permit fees will still be required to be paid by future developers.
“From the Village’s standpoint the agreement in a win-win deal”, noted Village President Keith Giagnorio. “It provides the opportunity for the Village to receive a new public lift station at no cost to the existing taxpayers.”
Trustee Bill Johnston, Chair of the Lombard ECDC, noted that his committee supported the project as a way to stimulate construction activity in the development in a timely manner. “Our goal is to consider incentive agreements that meet our standards for facilitating construction activity. Based upon the work of the committee, staff and the Village’s consultants, this project meets these standards.”
District 3 Trustee Reid Foltyniewicz also supported the agreement as a way to encourage additional activity in his district. “We have to ensure that Yorktown remains a vital economic engine for the community. This agreement will allow for critical improvements to be made now that will serve as a catalyst for future construction activity. Without this agreement, future desired development within the Yorktown Commons project or elsewhere in the Yorktown area may not occur.”
Yorktown Vice President Donna Blair anticipates a positive impact as a result of the agreement. “The Village of Lombard has been instrumental in the continued success of Yorktown Center,” said Blair. “This Economic Development Agreement represents a strategic partnership that will deliver the essential infrastructure necessary to continue our development initiatives. We are committed to developing a dynamic mixed use environment at Yorktown that provides a walkable community with best in class retail, restaurant, entertainment and residential offerings.”
Construction on the lift station and companion sanitary sewer lines is slated to begin in early 2017.
The Village of Lombard is committed to providing an attractive environment for new development projects that will serve to bring long term benefits to the community. For more information please contact the Village’s Director of Community Development William Heniff at 630-620-3599 or email@example.com.