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Volo trustees authorize staff to negotiate sale of roughly 35 acres at Fish Lake Road and IL 120
Summary
At a March 28 special meeting, the Volo Board of Trustees authorized village staff to negotiate with interested parties for the potential sale and future development of approximately 35 acres at Fish Lake Road and Illinois Route 120, and reviewed related capital planning.
The Board of Trustees of the Village of Volo on March 28 authorized village staff to negotiate with interested parties over the potential sale and future development of about 35 acres at Fish Lake Road and Illinois Route 120. The action was recorded during a capital improvement workshop focused on the village’s development and park plans.
The authorization was described in the minutes as directing Administrator May to negotiate with interested parties; no vote tally or mover/second appears in the minutes for that authorization. The board discussed general parameters for a potential sale, including future development considerations and how proceeds might relate to the village’s capital plan.
Mayor Stephen Henley convened the special meeting at 9:00 A.M.; Trustees Wagner, Porter, Johnson, Heuser and Buttita were present, and Trustee Komas and Village Clerk Huhn were absent, according to the minutes. The record does not specify which firms or buyers are interested, nor does it include sale terms, price expectations, or a timetable for a final agreement.
Next steps recorded in the minutes indicate Administrator May was authorized to carry out negotiations with interested parties. The minutes do not list further procedural steps, such as referral to a future board meeting for formal approval or a publicly noticed bidding process.
