FOX LAKE – About 23 miles of Fox Lake's worst sections of roadway could get resurfaced if voters approve a $6 million bond referendum later this month.
The village hasn't done any significant street resurfacing in the past five years, about a mile and a quarter over that period of time, Village President Donny Schmit said. With about 55 miles of roadway, it should be doing about four miles a year.
The Fox Lake Village Board voted unanimously in November to take the question of whether to finance the street improvements this way to voters on March 18.
The referendum would allow the village to issue $6 million worth of bonds, which would be paid for using increased property taxes over the next 15 years, Interim Village Administrator Bill Ganek said.
The owner of a house valued at $150,000 would see the referendum add $86 to the property tax bill, starting for the tax bills that go out next year.
An additional $2 million in bonds would be paid for using current revenue streams, according to village documents.
By grouping the improvements together, the village can get a better per-block rate, Schmit said.
Village engineers have assessed the roadways, rating them on a 10-point scale, Ganek said. About 40 percent of the roads, or 23 miles, fell on the lower half of the ratings, receiving a one through four score for cracking or crumbling roads, potholes or structural drainage problems.
If the referendum is approved, the issuing of the bonds and the engineering could start this year with construction to follow as soon as next year.
The work would take two to four years to complete, according to village documents.
Village officials are not allowed to advocate for the referendum, just present information. A question-and-answer section on the topic has been added to the village's website, www.foxlake.org