LAKEMOOR – A site on the east side of Lakemoor might be the location of Lakemoor's new village hall.
The Village Board is set to vote on the purchase of 3.2 acres of vacant land at 28585 W. Route 120 for $645,000 from David Krueger, who sits on the village's Zoning Board, at its meeting Thursday evening.
While the site is not near the proposed walkable town center near Lily Lake and Morrison Park in the comprehensive plan adopted this year, its location is the direction the Village Board wants development to go, Village President Todd Weihofen said.
Village administration has been operating out of two leased suites at 28874 W. Route 120 since it moved out its old village hall. The old village hall, which dated back to the 1950s and was not handicapped accessible, was demolished in November.
Construction of a "new municipal campus" would begin in 2014, according to the village's website.
The Village Board is also set to move ahead with another part of its development plan at its meeting Thursday evening.
It will vote on an inducement ordinance for a tax-increment financing district at the intersection of Routes 120 and 12, a step that village has to take to move forward in the creation process.
The village is in the process of conducting a feasilibility study for the district. Public hearings and approval by other affected taxing bodies will need to take place before the district can actually be created.
"Our main focus in these next four years is to bring development, much needed development so we have a sustainable tax base," Weihofen said. "It's unfortunate that it wasn't developed years ago. With the economy coming back, we want to make sure we're ahead of the curve."
The district would help the village provide infrastructure to support development, he said.
TIF Districts work by freezing the amount the village and other taxing bodies collect in property taxes within the district. Any increase in property taxes would be diverted to a special fund to be used for projects within the district.