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Oswego creating special service areas as backup if homeowner’s associations disband · Kendall County News - Shaw Local

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  Speaker 1: Oswego creating special service areas as backup if homeowners associations disband.
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  Speaker 1: Written by Eric Shelkoff, This article is being read by
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  Speaker 1: an automated voice brought to you by Everlett. Oswego Village
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  Speaker 1: trustees are looking to establish special service areas for the
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  Speaker 1: two different phases of Hudson Point Subdivision in the event
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  Speaker 1: the two homeowners associations for the subdivision ever fail. Two
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  Speaker 1: different homeowners associations represent Hudson Point one and Hudson Point eleven.
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  Speaker 1: At the June twenty third Oswego Village Board meeting, trustees
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  Speaker 1: voted to set a public hearing for the September first
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  Speaker 1: Village Board for the establishment of two dormant special service
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  Speaker 1: areas for the subdivision. Village trustees also voted to establish
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  Speaker 1: a dormant special service area for the Sonoma Trails Subdivision.
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  Speaker 1: For new subdivisions, the village establish slish's special service areas
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  Speaker 1: that can cover the costs to maintain common areas, including landscaping,
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  Speaker 1: storm water and paths. The special service areas remain dormant
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  Speaker 1: and are not active so long as the homeowners association
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  Speaker 1: remains active and able to maintain these areas as we
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  Speaker 1: Go Assistant Development Service Director Rachel Riemenschneider said if the
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  Speaker 1: HA were to fail or no longer exist, the village
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  Speaker 1: can activate the SSA to pay for the maintenance of
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  Speaker 1: these improvements. She said in a memo to village trustees.
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  Speaker 1: The village has activated only one special service area. That
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  Speaker 1: was for the Estates of Foxchase Subdivision. The developer of
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  Speaker 1: the Estates of Fox Chase Subdivision never established a homeowner's
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  Speaker 1: association for the subdivision. Riemenschneider said, as proposed for the
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  Speaker 1: Hudson Point development, a special annual tax would be levied
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  Speaker 1: upon the equalized assessed value of the property value in
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  Speaker 1: an amount not to exceed one dollars and fifty cents
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  Speaker 1: per one hundred doll of the equalized assessed value of
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  Speaker 1: the property. Hudson Point resident Peter Kim thought that number
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  Speaker 1: was too high. I want to get an understanding of
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  Speaker 1: how those costs are allocated and how we got to
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  Speaker 1: that number, Kim said in addressing village trustees at the
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  Speaker 1: June ninth Oswego Village Board meeting. Because that's three to
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  Speaker 1: five times what we're paying right now. He thought the
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  Speaker 1: amount should be between fifty cents and seventy five cents
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  Speaker 1: per one hundred dollars of equalized assessed value. The proposed
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  Speaker 1: special service Area for the Hudson Point development would cover
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  Speaker 1: all the common areas in the subdivision, as we goo.
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  Speaker 1: Development Services Director Rod Zenner said during the meeting, the
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  Speaker 1: cost for the special service area has not been determined yet.
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  Speaker 1: He said the number in the proposed ordinance to establish
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  Speaker 1: a dormant SSA for Hudson Point is a generic number.
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  Speaker 1: If the SSA is ever established, we would do a
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  Speaker 1: cost estimate of what that would actually be, Zenor said.
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  Speaker 1: Kim asked village officials why the proposed cost is three
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  Speaker 1: to five times higher than what Hudson Point residents are
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  Speaker 1: paying now for their homeowners Association. Really, we never want
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  Speaker 1: to activate an SSA, Village administrator Dandy Santo said. We
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  Speaker 1: would notify the residents we are establishing it, and you'd
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  Speaker 1: have the chance to talk to the board at that
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  Speaker 1: time if we were ever going to do that. It
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  Speaker 1: is our intent not to do it. All this does
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  Speaker 1: is to give us a cap for how much we
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  Speaker 1: could charge, but the actual charge would be the exact
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  Speaker 1: cost of the actual work. The landscaping and the mowing
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  Speaker 1: kim asked if the cap could be changed. Our recommendation
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  Speaker 1: would be not to change the cap because we got
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  Speaker 1: into that problem before where the cap was set at
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  Speaker 1: a too low amount and the village is paying out
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  Speaker 1: a pocket for private improvements. DiSanto said,