For the second time in less than a week, a concept plan for Village Square, a senior living community on 11 acres next to the Oswego Village Hall will be presented and discussed, this time at the Oswego Village Board meeting tonight at 7 p.m.
At last week’s Oswego Planning and Zoning Commission advisory meeting, the concept plan was defeated 3-2.
Part of the project includes independent living in cottages or row houses while assisted living and memory care will be offered. Oswego village staff has indicated seven changes for the project being presented by a Madison, Wisconsin firm.
Elsewhere Two major village employment presentations will be conducted during the committee of the whole meeting.
The village’s and taxpayer’s contribution to the police officers pension fund will increase $240,374 as calculated per the actuarial valuation this fiscal year.
In agenda documents, the actuarial report determined the Village must contribute a minimum $1,783,331 to the pension fund in fiscal year 2022. The Village has been contributing more than the minimum annually to offset any given year’s spike in the contribution amount. This fiscal year, the village will contribute $1,600,000 and will budget to contribute $1,800,000 for fiscal year 2022 if funding is available.
Actuarial valuation for the village’s post retirement health plan shows liability has grown to $2,026,677 due to an increase this past year of $403,337.
Other action items include water and sewer service for properties in the Oswego.
Repairs to sewer lines in the Stonehill Industrial Park and the downtown area will be part of one vote. Recent surveys of those pipes have identified problems.
Five residential homes were discovered during a meter change out program to have lead in its service lines from village, located in the older village sections, one each on Benton, Madison, Park, Garfield and Chicago Road. The cost for removal with Brandt Excavating of Morris is not to exceed $69,125.