Latest / Kendall County News - Shaw Local / Yorkville reimburses Whispering Meadows HOA $40,000 for infrastructure costs, ending 20-year saga

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Yorkville reimburses Whispering Meadows HOA $40,000 for infrastructure costs, ending 20-year saga · Kendall County News - Shaw Local

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  Speaker 1: Yorkville reimburses Whispering Meadows hoa forty thousand dollars for infrastructure
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  costs ending twenty year saga. Written by Joey Weslow. This
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  article is being read by an automated voice brought to
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  you by Everlett. With forty thousand dollars coming towards the
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  pockets of the Whispering Meadows Homeowners Association for reimbursed maintenance costs,
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  a twenty year ordeal in Yorkville is coming to a close.
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  It's a story residence in the subdivision know all to well.
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  Kimball Hill Homes began construction on the neighborhood in two
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  thousand and five six Then suddenly in two thousand and nine,
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  the hammers and construction crews fell silent. The developers went bankrupt,
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  suddenly abandoning the project. Streets remained unfinished. The subdivision remained
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  in partial completion for several years. In both twenty eleven
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  and twenty fourteen, the city filed lawsuits against the developers
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  and their various bond entities. In twenty eighteen, the city
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  approved an eight hundred thousand dollars settlement from one of
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  the property's previous partners. Fidelity and Deposit Company of Maryland.
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  Fidelity agreed to pay the funds, which were used to
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  repair and repay many of the neighborhood's neglected streets and
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  sidewalks that had fallen into disrepair. In twenty twenty four,
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  another partner, TRG two LLC, agreed to pay the city
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  a seven hundred and sixty thousand dollars settlement. The city
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  has used each chunk of settlement money throughout the years
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  to complete the needed infrastructure throughout the subdivision. The city
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  approved reimbursing the HOA forty thousand dollars for work incurred
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  over several years for further infrastructure maintenance, including on a
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  detention basin. During the January thirteenth City Council meeting, Alderman
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  Matt Morek said the residents of Whispering Meadows and the
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  HOA have been heavily involved in helping bring this chapter
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  to a close. Is a bit to bring closure to
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  a very long situation. Merek said during the meeting. This
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  has been going on since the subdivision was officially being built. Unfortunately,
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  presently we are having the rest of the subdivision built
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  out and are dealing with the noise, but that is progress,
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  and it's a good thing. It may be done in
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  about a year, if not less. Thank you to the
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  residents for putting up with this for the last twenty
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  years now. In February twenty twenty five, the city spent
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  two hundred and fifty thousand dollars on Whispering Meadows to
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  provide engineering solutions to mitigate the area's frequent flooding. A
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  new outflow system is designed to channel rainwaters into the
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  rob Roy drainage Ditch and out towards the Fox River.
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  That money also came from the settlements to improve the
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  area for residents. The city also recently finished Faxon Road
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  as part of the city's three million dollars twenty twenty
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  four local road program. The city is entertaining plans for
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  a fifty three point seven acre dmyf LOFTUS Malinsky Yorkville
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  Family LLP Data Center near Whispering Meadows. The data center
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  campus is proposed for the north end of Faxon Road,
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  east of Beecher Road, and south of the Burlington Northern
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  Santa Fe Railroad. The developers' plans for the data center
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  include a minimum one hundred foot landscaped buffer with an
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  eight foot tall berm due to the proximity of Whispering Meadows.
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  The plan also contains a four hundred foot setback from
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  any of its buildings to the nearest homes in the
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  neighboring residential subdivisions, including Whispering Meadows, Kyland's Ridge, Kendall market Place,
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  and the Caledonia Subdivision,