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Willow Springs board approves AAA Lease LLC business license and $105,100 impact-fee agreement for Grange Road site
Summary
At its Aug. 15 meeting the Willow Springs village board approved a business license for AAA Lease LLC and a related lease/impact-fee agreement for a Canal River/Grange Road property; staff said the impact fee is $105,100 and the MWRD lease runs five years before review.
The Willow Springs village board on Aug. 15 approved a business license for AAA Lease LLC and a related lease and impact-fee agreement for a property along the Canal River at Grange Road.
President Nedemeyer introduced both action items and described terms of the proposed agreement; he said the draft calls for an impact fee of "$105,100 dollars," which staff summarized as the principal financial obligation to the village tied to the site's development. Administrator David told trustees the property is owned by MWRD/MWRB and will be leased to AAA and…
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