Village works with county to fund drainage project
Sugar Grove—The Sugar Grove Village Board on Tuesday evening voted 5-0 in favor of entering an Intergovernmental Agreement (IGA) with Kane County, which would fund improvements for the Mallard Point/Rolling Oaks drainage project.
In a board report presented by Village Administrator Brent Eichelberger and Director of Public Works Anthony Speciale, the project, designed by the technical committee, will seek to relieve drainage issues in the Mallard Point and Rolling Oaks subdivisions through improvements funded by direct payments from the village and county, as well as a county loan that will be repaid by way of a new property tax levy.
Loan repayment is currently intended to be spread out over 20 years and will make use of bonds sold and utilized by the county. The IGA will establish loan terms and county contribution, as well as a provision intended to cap resident contribution.