Village of Hampshire IL - Hampshire Illinois

May 20, 2010

This morning, the Village met with representatives of the bond/insurance company who holds the performance bond for the Lakewood Crossing subdivision. It was a positive meeting and while the details need to be worked out and finalized, the goal is to try to complete most of the improvements in this construction season so the Village will be positioned to take over maintenance by the winter including snow plowing.

Please note that this is a goal and not a promise!

We will providing the insurance company some additional information for their review. The insurance company has tentatively agreed to let the Village Engineer manage these improvements, which will ensure the work will be done to our standards.

Also, Amcore Bank (the previous owner of the subdivision) was officially shutdown and is now owned by Harris Bank. There will be no real noticeable change at this point for residents of the subdivision.

March 22, 2010

As you know from our last posting in December, the Village has made an official request for the bond being held for the Lakewood Crossing Subdivision. The bond company has informed the Village that they hope to have an initial review of our claim by the end of the month (March). We will post additional information when it becomes available.

Also, we have reached out to Amcore Bank and asked them to clean up the area where the old sales trailers used to sit. They are working on hiring someone to take care of that issue.

December 2, 2009

The Village of Hampshire Village Board passed a resolution to officially make a claim on the subdivision bond for the public improvements at Lakewood Crossing. The Village has been in contact with the bond/insurance company to begin the process of making a claim to finish the improvements. The insurance has requested a series of documents and we are complying with their request.

Also, as the snow starts fall this winter, please know that Amcore Bank has informed us that they do have a snow plow company under contract for this winter to handle the plowing in the subdivision. The Village has the contractor's contact information and will be in contact should issues arise..

October 13, 2009

Some residents have called Village Hall with clarifications or additional questions. We will post additional information including questions and answers if it is deemed appropriate.

Q: What will happen to the remaining lots in the subdivision? What types of homes will be built on those lots?

A: For the Lakewood Crossing subdivision, the residential portion was built as a unit of the Brier Hill Business Park Development. The zoning for such a development is large scale business park. The residential area has received its final development plan approval which includes the various elements of the subdivision including, but not limited lot sizes and product type. This means the individuals residential lots (single family and duplex) have already been determined and are in place. Any change to a plat would require an amendment to the plan. A preliminary or final development plan may be amended, upon request of the owner and/or developer of the subject property, but only after a public hearing has been held and a recommendation has been made by the plan commission, and after review and approval by the board of trustees.

October 5, 2009

If you are a resident of the Lakewood Crossing Subdivision, you have received a letter from Lakewood Homes regarding the pending foreclosure of the remaining vacant lots in the subdivision. The Village has received several calls from residents asking about the status of the subdivision -- here is an update:

The foreclosure has not commenced at this point. Lakewood Homes is still the legal owner of the property and is responsible for the subdivision.
The Village is in the process of contacting the lender (bank) for the subdivision to understand their intention with the subdivision.
Most of the public improvements are completed in the subdivision. The most notable exception is the "final lift" or surface course on the streets. The Village holds a subdivision bond on the remaining improvements.
Once the Village meets with the bank and the foreclosure process begins, we will have a better sense of the timing on the remaining improvements. The surface course on the streets will more than likely not be installed until 2010.
The lender (bank) is responsible for snow plowing this winter and the Village will be working with the bank to ensure the streets are adequately maintained.

The Village will post additional updates as they become available. If you have other specific questions, feel free to contact the Village at 847-683-2181 x. 26.



	Lakewood Crossing Subdivision Update May 20, 2010 This morning, the Village met with representatives of the bond/insurance company who holds the performance bond for the Lakewood Crossing subdivision. It was a positive meeting and while the details need to be worked out and finalized, the goal is to try to complete most of the improvements in this construction season so the Village will be positioned to take over maintenance by the winter including snow plowing. Please note that this is a goal and not a promise! We will providing the insurance company some additional information for their review. The insurance company has tentatively agreed to let the Village Engineer manage these improvements, which will ensure the work will be done to our standards. Also, Amcore Bank (the previous owner of the subdivision) was officially shutdown and is now owned by Harris Bank. There will be no real noticeable change at this point for residents of the subdivision. March 22, 2010 As you know from our last posting in December, the Village has made an official request for the bond being held for the Lakewood Crossing Subdivision. The bond company has informed the Village that they hope to have an initial review of our claim by the end of the month (March). We will post additional information when it becomes available. Also, we have reached out to Amcore Bank and asked them to clean up the area where the old sales trailers used to sit. They are working on hiring someone to take care of that issue. December 2, 2009 The Village of Hampshire Village Board passed a resolution to officially make a claim on the subdivision bond for the public improvements at Lakewood Crossing. The Village has been in contact with the bond/insurance company to begin the process of making a claim to finish the improvements. The insurance has requested a series of documents and we are complying with their request. Also, as the snow starts fall this winter, please know that Amcore Bank has informed us that they do have a snow plow company under contract for this winter to handle the plowing in the subdivision. The Village has the contractor's contact information and will be in contact should issues arise.. October 13, 2009 Some residents have called Village Hall with clarifications or additional questions. We will post additional information including questions and answers if it is deemed appropriate. Q: What will happen to the remaining lots in the subdivision? What types of homes will be built on those lots? A: For the Lakewood Crossing subdivision, the residential portion was built as a unit of the Brier Hill Business Park Development. The zoning for such a development is large scale business park. The residential area has received its final development plan approval which includes the various elements of the subdivision including, but not limited lot sizes and product type. This means the individuals residential lots (single family and duplex) have already been determined and are in place. Any change to a plat would require an amendment to the plan. A preliminary or final development plan may be amended, upon request of the owner and/or developer of the subject property, but only after a public hearing has been held and a recommendation has been made by the plan commission, and after review and approval by the board of trustees. October 5, 2009 If you are a resident of the Lakewood Crossing Subdivision, you have received a letter from Lakewood Homes regarding the pending foreclosure of the remaining vacant lots in the subdivision. The Village has received several calls from residents asking about the status of the subdivision -- here is an update: The foreclosure has not commenced at this point. Lakewood Homes is still the legal owner of the property and is responsible for the subdivision. The Village is in the process of contacting the lender (bank) for the subdivision to understand their intention with the subdivision. Most of the public improvements are completed in the subdivision. The most notable exception is the "final lift" or surface course on the streets. The Village holds a subdivision bond on the remaining improvements. Once the Village meets with the bank and the foreclosure process begins, we will have a better sense of the timing on the remaining improvements. The surface course on the streets will more than likely not be installed until 2010. The lender (bank) is responsible for snow plowing this winter and the Village will be working with the bank to ensure the streets are adequately maintained. The Village will post additional updates as they become available. If you have other specific questions, feel free to contact the Village at 847-683-2181 x. 26. Home Page \| What's New \| Events Calendar \| Elected Officials \| Meetings & Agendas \| Village Services \| Police Department Village Ordinances \| Community Info \| FAQ \| Community Links \| Economic Development