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Village unveils $39M police campus redesign; staff outlines funding scenarios
Summary
Village staff presented a design‑development update to connect the 740 and 754 buildings into a single police campus, reported cost increases (utilities relocation, HVAC, code compliance) bringing the estimate to roughly $39M, and outlined funding options including bonds, cash, and a possible home‑rule sales‑tax increase.
Village staff and consultants (FGM and Leopardo) presented the design‑development phase for the police campus at 754 Lakeview Parkway, including schematic images, a site plan linking the 740 and 754 buildings with additions and a large indoor parking garage, and program elements such as a meeting room seating 60 at tables (100 standing) and expanded fleet parking.
Project costs rose during detailed design for several reasons: unanticipated utility relocations between the buildings (~$3.0M), expanded interior renovations (~$900K), HVAC consolidation (~$500K), compliance with a new Illinois energy code (~$400K), floodplain work (~$400K contingency), and increased insurance/bonding fees (~$1.3M). After value engineering the team estimated a total project cost of about $39,000,000. Project leads said construction inflation and supply‑chain impacts contributed to escalation.
The finance director presented three funding scenarios for a $40M window: (A) $10M cash + $30M debt over 20 years (annual debt service ~$2.2M); (B) $10M cash + $30M debt over 12 years (annual debt service ~$3.1M but lower total interest); and (C) $20M cash + $20M debt over 25 years (annual debt service ~$1.3M). Scenario A/B assumed a possible increase in the home‑rule sales tax from 0.25% to 0.5% to generate revenue (~$4.6M gross; ~$3.4M net). Staff recommended returning in December with guaranteed maximum price details before finalizing financing and bond timing (anticipated summer 2027).
