Oswego Village Board to Vote on Land Purchase for New Police Station
Mar 14, 2016 09:17PM ● Published by Shannon Antinori
Village of Oswego trustees are scheduled to vote Tuesday on a proposal to purchase land on Wooley Road east of Oswego Fire Station #1 to build a new police station.
The estimated $30 million project would create a public safety campus in Oswego, Village President Gail Johnson said. The Village Board is being asked to sign off on a deal to purchase property in the proposed Hummel Trails development from owner REO Funding Solutions.
But the purchase price is still somewhat up in the air.
A deal is in the works to purchase 16.37 acres at $12,500 an acre, for a total price of $204,625. The deal is contingent on approval of a revised Hummel Trails site plan, which increases the residential density from 2.17 dwelling units per acre to 2.29 units per acre.
If the revised plan isn’t approved, the village would pay $31,500 per acre for 23.55 acres, or a total of $741,825. Johnson said she is confident the board will ultimately sign off on the revised Hummel Trails site plan and snag the better deal for the village.
“I don’t anticipate a problem, because the densities being asked for are still within the parameters of the Comprehensive Plan,” she said. The revised site plan has yet to go before the village’s Planning Commission.
Both prices are below the property’s market value, Johnson said.
As part of a 2008 annexation agreement, the original Hummel Trails developer agreed to donate 7.5 acres for the future police facility, and to sell the village an additional 7.5 acres for $100,000 an acre. While $100,000 may have been the market value at the time, a village staff appraisal now puts the property at $36,000 an acre, according to village documents.
“We’re getting an excellent deal,” Johnson said.
In addition to the land purchase, the board is also scheduled to vote Tuesday on a proposal to hire Wheaton-based firm McClaren, Wilson and Lawrie, Inc. (MWL) to oversee construction on the new police station. The contract would pay MWL $219,800 to be the “owner advisor” for the project.
The entire $30 million pricetag for the project will be funded through bonds, Johnson said.
“There will not be one penny of increased taxes” as a result of the police station project,” she said, adding it will come from home rule sales tax revenue.
The project has been a long time coming, according to Johnson.
“We knew we outgrew this facility in 2008,” she said. “For the residents and for our community, this is good news.”
Johnson said she anticipates construction will begin this summer and will take at least three years to complete.
Tuesday's board meeting is scheduled for 7 p.m. at Village Hall, 100 Parkers Mill.