Tuesday, May 14, 2013
The village was recognized for its comprehensive annual report.
Tuesday, May 14
The Certificate of Achievement for Excellence in Financial Reporting has been awarded to the Village of Lake Zurich by the Government Finance Officers Association of the United States and Canada (GFOA) for its comprehensive annual financial report (CAFR). The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting. The Village’s CAFR has been judged by an impartial panel to meet the high standards of the program including demonstrating a constructive spirit of full disclosure to clearly communicate its financial story and motivate potential users and user groups to read the CAFR. “We are very pleased with the hard work and professionalism of our Finance Department under …
Monday, May 13, 2013
Village Facebook page is ramping up.
The Village of Lake Zurich Facebook page is becoming more active with the help of Michael Duebner, village director of information technology. The page will have udpates several times per week, it was announced at last week's village board meeting. Since last week's village board meeting, the page has grown its likes from around 50 to more than 100. Check out the Village of Lake Zurich Facebook page.
Tuesday, May 7, 2013
Village seeks resident for seat vacated by Village President Tom Poynton.
Lake Zurich Village President Tom Poynton is looking for one more trustee to fill out the new village board. The trustee seat was vacated as Poynton became village president and his trustee seat was not up for re-eletion. The appointed trustee will serve through April 2015. Village residents with an interest in serving as a village trustee may submit a letter of interest along with a resume to the Mayor, Tom Poynton at 70 E. Main St, Lake Zurich, IL 60047 no later than June 1, 2013. For additional information, see the village website. The trustee will be nominated by Poynton and confirmed by the village board.
The swearing-in ceremony for new Village President Tom Poynton and newly elected trustees was held Monday.
A new village board was sworn-in, at Monday night's Lake Zurich village board meeting. Village President Tom Poynton, who won the seat from Suzanne Branding in April, introduced the new board members, Jim Beaudoin, Dan Stanovich, and Mark Loewes, as well as returning trustee Jeff Halen and village clerk Kathleen Johnson. Dana Rzeznik is also on the board; she was not up for re-election. "We have seven or eight people living in seven or eight different neighborhoods. That is the most representation we've had. It's a testament to those who want to make Lake Zurich better. I hope we can take the spirit of election night with the with the energy we had there and the spirit of these new people and get Lake Zurich "Poynton" in the right …
Wednesday, April 17, 2013
Outgoing Lake Zurich village board trustee clears the air and comments on his years of service.
Outgoing Trustee Rich Sustich said there are no plans for him to become the next Lake Zurich village manager at Monday's village board meeting. "I'd like to quell a rumor that’s been going around for the last three months and allow Manager Slowinski to breath easier. Mayor Poynton does not nor did he ever have plans to appoint me village manager once he's elected. I have no plans to ask for it or accept it," Sustich said. Sustich added that he has every confidence that Jason Slowinski is the right person for the village manager position. Sustich also pointed to progress made in the past four years and challenged the new board to move forward. "We made significant advances over the past four years, but Lake Zurich remains a work in …
Tuesday, April 16, 2013
The Lake Zurich budget passed 4-1 Monday night.
The Lake Zurich village board passed the FY 2013-2014 budget, Monday night, and trustees echoed that the process was much improved over previous years. Trustee Jeff Halen said it was the best budget process in four years as it was easy to understand and all questions were answered. Outgoing Trustee Rich Sustich said he had confidence in the budget, even though the board has not reached its goal of having a sustainable budget. “I think this budget will be a success. The new trustees will have a bigger challenge,” Sustich said. In order to balance the budget, the village needed to borrow $272,000 of reserve funds. “We are fortunate to have a reserve. In the next two years we’re looking at a dwindling reserve,” outgoing Village President …
Thursday, April 4, 2013
TIF debt among budget challenges.
Lake Zurich trustees will hold a special meeting on Saturday, April 6, from 9 a.m. to noon, to discuss the village's tentative annual budget or fiscal year May 1, 2013, to April 30, 2014. The meeting will be held at the Lake Zurich Police Department, 200 Mohawk Trail, Lake Zurich. A copy of the tentative budget is available online as well as an explanation by village staff. The document outlines concerns, which include TIF debt. From the budget document: "The Village currently has $39.6 million in outstanding debt obligations. Much of this is related to the downtown TIF district redevelopment. Unfortunately, the property tax increment generated in the TIF district is not sufficient to meet current debt obligations. As a result, the …
Wednesday, April 3, 2013
Lake Zurich village board approved amendment and special use permit allowing Copper Fiddle Distillery to move forward.
The Copper Fiddle Distillery is expected to be open in the fall, according to the owners of the craft whiskey distillery, proposed for a site on Rte. 22, just east of Rte. 12. The Lake Zurich village board approved an amendment to its zoning code and a special use permit allowing manufacturing of beverages, Monday evening. Fred Robinson, partner of the Copper Fiddle along with Jose Hernandez, explained that the distillery still needs to go through federal and state permitting. "We're looking at maybe early fall," Robinson told the village board. "Jose got some recipes and we think by Thanksgiving its' going to be a wonderful Christmas," he said. According to the Copper Fiddle Distillery Facebook page: "The inspiration for the Copper …
Tuesday, April 2, 2013
Lake Zurich village board gives John Breugelmans exclusivity period to show proof of financing, do preliminary studies.
In an effort to get downtown development on a faster track, the Lake Zurich village board gave developer John Breugelmans of ARDE a 75-day exclusivity period, Monday, during which the village will not pursue other developers for Block A, across from the Promenade. Four votes were needed to allow Breugelmans to proceed and it came down to Village President Suzanne Branding, who agreed to Breugelmans’ proposal, if he would agree to allow Lee Brown of Teska, the village downtown consultant, to review Breugelmans' finances. Trustees Tom Poynton, Jeff Halen and Jonathon Sprawka voted in favor of going ahead with Breugelmans. Trustees Rich Sustich and Terry Mastandrea wanted to wait for the RFQ/RFP process. Breugelmans was one of the four…
Wednesday, March 20, 2013
M/I Homes secured a contract to finish the 19 remaining lots at the stagnant Somerset townhome development.
Greg Collins, of M/I Homes, presented plans for finishing the long stagnant Somerset townhome development, at Lakeview and Main streets in downtown Lake Zurich, at Monday’s village board meeting. The previous developer, McCaffery Interests Inc., pulled out of the project in 2009, when the economy took a downtown and the developer ran out of money to complete the project. Collins told the board that the project would be finished to be consistent with the current design and architecture. The developer will make some minor changes. There are 19 remaining lots which consist of 12 vacant lots and a 7-unit building foundation. Collins said the units would be 1,600 to 2,200 square feet and would sell for $250,000 or more. Collins told the …