Huntley set to pay up on first Route 47/I-90 interchange payment
By Jeanie Mayer For The Courier-News September 7, 2012 12:26PM
Updated: October 10, 2012 6:21AM
HUNTLEY — The village is gearing up to make its first installment payment of just over $1 million to the Illinois State Toll Highway Authority for work that is being done on the Route 47/I90 interchange project.
The $69 million project is a partnership between the village, Kane and McHenry Counties and the Illinois Department of Transportation as part of the Toll Authority’s $12 billion capital improvement program.
Under a financing agreement, the tollway will pay half of the estimated project cost, or about $34.5 million. The Illinois Department of Transportation will contribute about 25 percent or about $17 million, and the remainder will be funded by Huntley and Kane and McHenry counties with each putting in a little less than $6 million.
The all-electronic toll plaza will include the construction of six new ramps, a seven lane bridge that will carry Route 47 traffic over the toll way and new signalization and lighting. The project is expected to be completed by the end of 2013.
In other business, the village board reviewed a revised development plan for part of the Talamore subdivision which would change an area of the development from an RE-4 townhome and condominium zoning to an RE-1 residential estate district. The planned change would allow for a 78-unit single family, age-restricted community within Talamore.
Talamore first received board approval in 2005 to construct 126 rear-loading townhomes, but Ryland Homes’ plan to build ranch homes are thought to appeal to the current market.
The homes will range in size from 1,224 to 1,880 square feet each with optional basements. The plan would allow for a homeowner association to maintain the streets, plow driveways and lawn maintenance and perform seal-coating to the asphalt drives and courts when necessary. The plan goes before the zoning board Monday for approval and if successful will come before the village board for a final vote on Thursday.