Representatives from M/I Homes were in attendance at the April 14 Board meeting as the board took up the proposed development of the 82-acre property along Dundee Road that is known as the Kudlach Property. M/I Homes requested approval for the construction 173 single family homes on the area bordered by Haligus, Dundee, Ruth, Main Street and the Huntley Municipal Building complex and the Shepard of the Prairie church property lines.
Charles Nordman, Huntley’s Director of Development Services, reported that “the housing development is being called Fieldstone and it will have 12 models ranging in size from 1,696 square feet to 3,511 square feet.” He added that “there are three ranch models and the rest are two-story.”
Nordman concluded “the proposed property development agreement would be good for 20 years and would include the option of three housing sections.” M/I will begin construction in the near future.
Catty Building Renovations
Also at this meeting, the Village Board approved multiple ordinances regarding the 11117 South Church Street property, otherwise known as the Catty Building. The Board authorized a purchase and resale agreement with True North Properties along with a zoning change to multiple family residential from manufacturing. This will allow the new owners to remodel the building for 37 apartments.
In addition, the area around the building will be converted into two parking areas. One for the residents of the renovated building and the other for free off-street downtown parking.
Lisa Armour, Huntley’s Deputy Village Manager, said that “this redevelopment represents a $5 million investment.” She added that “the project is expected to be completed by the end of July of next year.”
New Deep Water Well #12
The future Village water supply was also on the meeting’s agenda. Cathy Haley, the Village Finance Director, presented an ordinance authorizing Bernardi Securities, the Village’s Bond Underwriter, to offer Municipal Bonds “when market conditions are most favorable to the Village.”
Haley stated that “The Village budgeted $7,970,000 over the next two fiscal years for a new well and treatment facility. The contemplated debt issuance for the water and sewer infrastructure improvements is $5.2 million.”
She added, “The difference between the cost of the project and the proposed debt issuance will be made up by use of $3.7 millions in available federal funds provided through the American Rescue Plan Act.” The board unanimously approved the ordinance.
The next board meeting is scheduled for April 28.
