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Board reviews special-assessment plan for Ridgeway Drive and Chestnut Court; informational meeting planned in March
Summary
Board discussed a proposed special assessment schedule and draft rates for the Ridgeway Drive and Chestnut Court project and said staff will hold an informational meeting in March before finalizing assessments and contractor scheduling.
The Board reviewed a draft special-assessment plan for the 2025 Ridgeway Drive and Chestnut Court reconstruction project and discussed timing for resident contact and an informational meeting.
Why it matters: The special assessment would allocate a portion of street, sidewalk and storm-lateral costs to benefited property owners; the board discussed proposed per-foot rates and an estimated total assessment figure that staff will confirm before mailing notices.
Discussion and next steps Staff said typical charges in the draft include sidewalk at $6.60 per linear foot and storm lateral installation at approximately $60 per linear foot; staff reported an average land-roll cost that came in under prior caps and gave a preliminary total assessment figure of $68,595.54 for the project’s assessed portion, while the village and utilities would cover the major costs. Staff said they plan an informational presentation at the March 11 Village Board meeting (or another March date) before finalizing assessments and reaching out to the contractor for scheduling. The project has not been awarded yet.
Ending Staff will finalize storm lateral verifications, set an informational meeting in March and then contact the contractor to obtain a construction schedule.
