Thursday, August 18, 2011
It's been nearly six months since the village purchased on a line of credit the 611 Green Bay Rd. property. But how will they pay the debt off, down the road?
The Village of Wilmette is looking to refinance its debt on the 611 Green Bay Rd. property they purchased after taking out a line of credit from North Shore Community Bank in early March. “When we purchased the property, the discussion at that point in time was that we would likely issue debt later this year.” Village Finance Director Bob Amoruso said during a finance committee meeting Tuesday night. Earlier: Village Closes Deal on Downtown Property “If we were to issue that debt [as the village originally intended],” Amoruso added, “we estimate it would be about $175,000 a year in interest costs...” The village bought the property for $3.675 million in March. In doing so, the village issued short-term debt, investing in certificates of …
42.07552
-87.707809
Village of Wilmette
1200 Wilmette Ave, Wilmette, IL
/articles/village-weighs-debt-alternatives-for-downtown-property
284082
/locations/5134440
Wednesday, January 26, 2011
The document will now include the Village Center Master Plan.
After months of negotiations and public forums, the Wilmette Village Board unanimously adopted a plan to revitalize the city center Tuesday evening. The decision follows a series of public workshops and forums, as well as community surveying from the Lakota Group, a suburban planning organization held since March. "I saw a downtown that needed a shot in the arm," Village Trustee Michael Basil said during the meeting. "We had to try something." Known as the Village Center Master Plan, the initiative will establish a long-term retail development and mass transit guide to supplement Wilmette's Comprehensive Plan. Only one resident stood to offer his comments on the project during public discussion. Michael Banks, owner of West End Antiques, …
Wednesday, November 24, 2010
Village will consider objections to Master Plan and facilitate discussions in December.
Library leaders will be meeting with village officals Dec. 3 to discuss parking changes proposed in the village's long-term development plan. Citizens and officials told the plan commission during a public hearing held Monday that they coudn't support the adoption of the Master Plan because of its changes to library parking. The initiative's designs illustrate the creation of a parking garage at the intersection of Green Bay Road and Central Avenue. "We need to maintain parking for our 1,000 patrons a day, many of whom are elderly or children." Cindy Axley, president of the library board of trustees, said during the meeting, "It appears that our parking lot has been turned into a park, and I'm not sure what will happen to our alley…
42.07552
-87.707809
Village of Wilmette
1200 Wilmette Ave, Wilmette, IL
/articles/public-raises-parking-housing-concerns-over-proposed-development
284082
/locations/2536235
Dennis B.O'Malley
7:46 pm on Thursday, January 27, 2011
Just how long has it been since the Village has taken a look at Wilmette's location and transportation facilities while linking that to easy shopping? Valuable property can be better used taking into account a changed economy. How about maximizing the lake front facilities to increase revenue? I will be very interested in any thoughtful plans based on better use of our 2011 community assets. … more ›