Village Board reaches consensus on Elburn Station plan changes
By Susan ONeill
on February 7, 2013
by Susan O’Neill
ELBURN—Village trustees on Monday came to an agreement on several Elburn Station development items to bring back to ShoDeen developer Dave Patzelt.
The Village Board will ask ShoDeen to pay for half the cost of a pedestrian bridge that will link the development to the main part of the village. With an estimate of $1 million to build the walk way, the cost to ShoDeen would be $500,000. The payment of this amount would be linked to the mixed-use phase to ensure accessibility to the new commercial development.
Although ShoDeen would be asked to pay half of the cost up front, the developer would be able to recapture some of that amount from future developers, who would also benefit from the pedestrian bridge.
Board members also want to add a stipulation in the annexation agreement with ShoDeen, which would require 85 percent completion of the housing units in one phase before moving on to the next phase of the development. In addition, the public improvements and infrastructure would need to be 100 percent complete before beginning the second phase.
Trustees settled on 400 as an acceptable number for multi-family units, as opposed to the current 800 proposed by ShoDeen. Up to an additional 200 could be included, as long as they are identified as age-restricted or senior housing. Also, the single-family home section would need to be completed prior to any multi-family housing.
According to Village President Dave Anderson, most board members have a comfort level with the items discussed and the direction the village is taking.
Anderson said he will call and potentially meet with Patzelt this week to walk him through the modifications outlined by the board. Anderson will then invite him to the Committee of the Whole meeting on Monday, Feb. 11, so Patzelt can discuss the changes with board members and give his reaction to the counterproposals.