The Montgomery Village Board continued a public hearing Monday evening over plans for a 468 unit apartment complex until their next regularly scheduled meeting on Dec. 11.
The project developer, S.R. Jacobson and Edward Rose & Sons Inc., is seeking board approval on their plans to construct the Ogden Place apartment complex along the north side of Route 30 west of Goodwin Drive on the village's east side.
In a related matter, however, the board voted unanimously to approve the preliminary plan for a special use permit for the project, which is located within the boundaries of School District 308, the Oswegoland Park District, Oswego Fire Protection District and Oswego Public Library District.
Before continuing Monday's public hearing until Dec. 11 at 7 p.m., Village President Matt Brolley asked the audience at Village Hall if anyone wanted to speak to the board concerning the project. His inquiry was greeted with silence and the hearing was continued.
Jeff Zoephel, village administrator, said Tuesday the public hearing had previously been scheduled for the board to consider an amendment to the annexation agreement for the project site. He said the board chose to continue the hearing for two more weeks to provide additional time to finalize language in the amendment.
As proposed by developers, the apartment complex would be constructed on a 20.67 acre parcel on either side of Reading Drive, immediately east of the Oswego Public Library District's Montgomery Campus Library. The complex would have 13 three-story apartment buildings along with a clubhouse, swimming pool and attached and detached garages.
In a memo to presented to board Nov. 13, Jerad Chipman, the village’s senior planner, noted that an apartment complex has been envisioned on the property “for many years and has been approved in annexation agreements dating back to 2002.”
Chipman noted that the property is already zoned R-6 for multi-family housing development.
When questioned by board members during the Nov. 13 meeting, Russ Whitaker, a Naperville attorney representing the developers, told the board the complex is expected to be home to 825 adult residents, 57 school-age children, and 13 pre-kindergarten-age children.
In other business Monday evening,
*The board voted 4-2 to issue a loan totaling $6,210 from the village's economic development loan fund to South Moon BBQ, as recommended by the village's development fund committee. As a result of the board's vote, the village's attorneys will now prepare a loan agreement between the village and South Moon BBQ. The agreement will set terms for the loan.
When questioned by board members, Richard Young, the village's community development director, said the restaurant owners had requested the loan to complete repairs on an elevator in their building--the historic Gray's Mill at the corner of Mill and River streets in the village's downtown. Board members Theresa Sperling and Pete Heinz cast the negative votes on the motion to issue the loan.
*The board voted unanimously to proceed with the refunding of bonds sold in 2006 for the Lakeview Creek subdivision special assessment area. The village's bond consultant told the board that by refunding--essentially a refinancing--the village can save the residents of Lakeview Creek roughly $50 on the cost of their annual assessment payment.