Street, sewer districts created for Hampton development project

Infrastructure needs for the new residential subdivision at Hampton and the funding for providing them advanced on Monday at the September meeting of the Hampton Village Board. The board held public hearings and approved resolutions allowing for bidding to proceed on installing water, sewer and street improvements to the new 15-lot subdivision on the town’s west side. The project is being carried out in cooperation with the Hampton Community Development Corporation (HCDC). 
The first order of business was to hold two public hearings on the resolutions of necessity for the creation of the sewer and street improvement districts (2023-1) for the subdivision. The only public comments during the hearings came from Karen Bamesberger representing the HCDC. Each time she urged passage of the resolutions in order to advance the project. 
What followed was adoption of Resolution 2023-9 creating the sewer improvement district. The resolution stated that the engineers’ total cost estimate for providing sewer service to the lots is $112,230. 
Next up for consideration was Resolution 2023-12 confirming the street improvement district. No cost estimate was provided for paving, curb and gutter and other street improvements. 
No action was taken on electrical infrastructure for the subdivision, because it was stated those cost estimates are not yet available. The improvements are to be paid for by the issuance of bonds, which will be paid back when the lots are sold. 
The final action taken on matters related to the subdivision was the adoption of ordinance No. 398 authorizing the issuance of up to $1,225,000 in bond anticipation notes to fund the improvements. All of the measures passed on unanimous votes with board member Jared Rojewski being absent. 
Immediately prior to the monthly meeting the village board held a public hearing on the proposed budget for fiscal year 2023/24, but there were no comments from members of the public. During the regular meeting the board approved Resolution 2023-13 which sets the property tax request for the coming year and also adopted Ordinance 397, adopting the annual budget. 
The operating budget for the village will increase from the current year total of $1,315,748 to $2,481,846, an increase of 89 percent. Board chairman James Parsley said most of the rise was due to the issuance of the bonds to pay for infrastructure for the new subdivision. 
The property tax rate will remain the same as 2022 at 45 cents per $100 of valuation and the property tax request will increase 5 percent from $145,544 in the current year to $153,345 for the next fiscal year. 
A detailed report on Hampton’s 2023/24 budget as well as information on other agenda items discussed at Monday’s meeting will be included in next week’s Aurora News-Register.