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Oswego Village Board OKs deal to acquire former junior high school building as part of redevelopment plan · Kendall County News - Shaw Local

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  Speaker 1: Oswego Village boardox deal to acquire former junior High school
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  Speaker 1: building as part of redevelopment plan. I waited Written by
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  Speaker 1: Eric Shelkoff. This article is being read by an automated
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  Speaker 1: voice brought to you by Everlett. A plan to redevelop
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  Speaker 1: the former Trouver Junior High School property in Osgo has
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  Speaker 1: taken another step forward the end. At the March sixteenth
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  Speaker 1: Oswego Village Board meeting, trustees unanimously voted to acquire the
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  Speaker 1: building as part of a redevelopment plan. Oswego Village trustees
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  Speaker 1: in December unanimously approved a concept plan for a one
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  Speaker 1: hundred and sixty one unit apartment and townhouse development to
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  Speaker 1: be developed on the property. Oswego School District three h
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  Speaker 1: eight school board members will vote on the inner governmental
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  Speaker 1: sale agreement at its March twenty third meeting. The village
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  Speaker 1: will not directly pay the school district the two point
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  Speaker 1: one million dollars sale price for the property. We do
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  Speaker 1: not intend to pay at all for this property, as
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  Speaker 1: this is something that's going to be subject to the
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  Speaker 1: negotiation of the redevelopment agreement. Oswego Village Administrator Dan DeSanto
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  Speaker 1: told trustees. The initial intent before we get into negotiations
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  Speaker 1: is that the school district would be paid back for
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  Speaker 1: their property through the tiff increment generated by the developer.
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  Speaker 1: The property, located at sixty one Franklin Saint near the
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  Speaker 1: intersection of Washington Street and US Route seventy one in Oswego,
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  Speaker 1: is in a tax increment financing district. All expenses and
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  Speaker 1: revenues generated by the development between the three parties will
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  Speaker 1: be negotiated through the redevelopment agreement and approved at a
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  Speaker 1: later date. DeSanto said. A traffic study and a market
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  Speaker 1: study for the proposed development are currently underway. The traffic
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  Speaker 1: study is going to be hugely impactful. Oswego Village President
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  Speaker 1: Ryan Kaufman has said, if it comes back and it
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  Speaker 1: shows that it would be catastrophic to traffic in the area,
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  Speaker 1: we're not going to let it go forward. But if
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  Speaker 1: it comes back and it shows it would have a
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  Speaker 1: nominal or minimal impact to the traffic in the area,
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  Speaker 1: then that is no longer a concern. In response to
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  Speaker 1: village trustees voicing concerns about the height and density of
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  Speaker 1: the development, the developer scaled back the plans for trauber
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  Speaker 1: Estates trustees as well as Kaufman, thought a five story
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  Speaker 1: building proposed as part of the plan was too tall,
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  Speaker 1: especially in comparison with the rest of the development. The
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  Speaker 1: building has been removed from plans and replaced with two
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  Speaker 1: three story apartment buildings. In addition, the number of units
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  Speaker 1: has been reduced from two thousand to two units to
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  Speaker 1: sixty one units. As proposed, five three story apartment buildings
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  Speaker 1: containing one hundred and twenty five units would be built
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  Speaker 1: as part of the latest plan. Also proposed our six
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  Speaker 1: to two story owner occupied townhouse buildings containing thirty six units.
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  Speaker 1: The building served as the original Trauber Junior High School
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  Speaker 1: until the current Traver Junior High School was built in
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  Speaker 1: two thousand and eight. The property is twelve point thirty
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  Speaker 1: four acres in size, with the building sitting on four acres.
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  Speaker 1: The building hasn't been fully operational since two thousand and seven.
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  Speaker 1: District three to eight school superintendent and Daliklgotti said there
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  Speaker 1: were one hundred staff members in and out of that
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  Speaker 1: building every single day, he said. Kelgati said the property
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  Speaker 1: has become an albatross around the district's neck. He said
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  Speaker 1: the district has to spend two hundred and fifty thousand
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  Speaker 1: dollars a year for its upkeep that does not include
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  Speaker 1: insurance costs. He said. A plan in twenty eighteen to
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  Speaker 1: turn the building into a senior housing complex fell through.