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Oswego giving more financial aid to planned Billy Bricks Pizza, ice cream shop · Kendall County News - Shaw Local

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  Speaker 1: Oswego giving more financial aid to plan Billy Bricks Pizza
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  Speaker 1: ice cream shop. Written by Eric Shelkoff. This article is
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  Speaker 1: being read by an automated voice brought to you by Everlet.
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  Speaker 1: A vacant building in downtown Oswego will require substantial improvements
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  Speaker 1: before Billy Bricks Pizza and Mujo's Ice Cream Shop can
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  Speaker 1: open its doors. The Oswego Village Board on May twenty
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  Speaker 1: sixth approved a two hundred thirty two thousand, seven hundred
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  Speaker 1: and sixteen dollars revolving loan and a forty thousand dollars
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  Speaker 1: Economic Development Incentive award for Billy Bricks of Oswego, LLC.
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  Speaker 1: The loan is for ten years at a three percent
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  Speaker 1: interest rate. The monthly payment will be approximately two thousand,
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  Speaker 1: two hundred and forty seven dollars per month for one
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  Speaker 1: hundred and twenty months. It's a pretty significant undertaking to
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  Speaker 1: convert it to a fully functional restaurant, Oswego Economic Development
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  Speaker 1: Director Kevin Lady said during the meeting. The project budget
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  Speaker 1: is comprised of costs for the design and construction of
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  Speaker 1: the buildout, which includes architectural drawings, installation of a walk
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  Speaker 1: in refrigeration unit, new HVAC and fire alarm systems, and
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  Speaker 1: individual general contractor estimates for the carpentry, plumbing, electrical flooring,
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  Speaker 1: and concrete work. Lady said the improvements are expected to
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  Speaker 1: cost approximately five hundred forty five thousand, four hundred and
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  Speaker 1: thirty two dollars. Previous tenants in the building at five
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  Speaker 1: South Madison Street include Jinxy's Studio Boutique, Dusty Road Merchants,
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  Speaker 1: The Garden Fair, and Keith's Carcare. Village trustees previously approved
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  Speaker 1: a forty thousand dollars Economic Development Incentive award for EJVISIONLLC,
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  Speaker 1: which owns the property. EJVISIONLLC has its own separate project budget,
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  Speaker 1: which will involve the installation of a grease trap, installation
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  Speaker 1: of a new fire sprinkler and alarm monitorings system, and
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  Speaker 1: various water and sewer service line upgrades to support the
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  Speaker 1: new building improvements. Lady said that project is expected to
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  Speaker 1: cost about one hundred thirty thousand dollars. Village Trustee Jennifer
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  Speaker 1: Hughes asked how much it would cost to raise the
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  Speaker 1: building rather than pay for improvements to it. Between the
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  Speaker 1: costs for the landlord to do their portion of the
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  Speaker 1: project and then Billy Bricks contribution. We're looking at a
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  Speaker 1: cost of about six hundred and seventy five thousand dollars.
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  Speaker 1: Lady said the cost to demolish it and build a
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  Speaker 1: new building would be well over double that. Billy Bricks
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  Speaker 1: Pizza CEO Rick Kruber said he hopes the restaurant will
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  Speaker 1: be opened by October. The restaurant, which serves wood fired pizza,
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  Speaker 1: will be located next door to Freddy's Off the Chain
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  Speaker 1: restaurant and across Jefferson Street from the Oswego Public Library.
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  Speaker 1: The restaurant will be open seven days a week. The
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  Speaker 1: Oswego location will be the chain's first Southwest location. Billy
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  Speaker 1: Bricks Pizza has restaurants in several communities including Naperville, Wheaton, Lombard,
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  Speaker 1: Oak Park, and Highwood. The restaurant also sells pasta, dishes,
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  Speaker 1: and other items. Along with inside seating, Billy Bricks will
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  Speaker 1: also feature an outdoor patio deck. The building will also
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  Speaker 1: house Moojo's ice cream store. Moojo's sells super premium ice
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  Speaker 1: cream made from a fourteen percent butterfat mix, thirty five
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  Speaker 1: to forty percent overrun cane sugar, and small farm Wisconsin Milk.
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  Speaker 1: The right side of the building has a separate entrance
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  Speaker 1: for moo Joe's. Gruber said, so, we're actually building out
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  Speaker 1: two restaurants in one