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Village board approves authority to pursue land swap of Gilmore Road building for larger parcel with municipal parking
Summary
The village approved an ordinance authorizing staff to proceed with a no‑cash land exchange that would trade a village‑owned commercial building on Gilmore Road (valued at $500,000) for a larger parcel across the street (valued at $630,000) and require the new owner to build a municipal parking lot to be conveyed to the village.
The village board voted to authorize staff to move forward with a proposed no‑cash land swap that would exchange a village‑owned commercial building on Gilmore Road for a larger parcel across the street and include construction of a municipal parking lot to be transferred to the village.
Administrator Grace told the board the village acquired the Gilmore Road building after unpaid taxes and initially received an appraisal of $475,000; after a rezoning change its current valuation is $500,000. The parcel on the opposite side of the street carries an…
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