Kendall pulls bonds to help pay for flooding remediation
By Steve Lord email@example.com April 24, 2012 1:30PM
Updated: May 1, 2012 10:44PM
YORKVILLE — The Kendall County Board has authorized pulling two bonds from the developer of Fields of Farm Colony to pay for fixing flooding in the subdivision.
The board recently voted to pull the two bonds from the Inland Capital Fund to pay for $195,000 worth of projects county officials say are needed to fix the flooding. The subdivision is along Route 71, east of Yorkville.
According to resolutions the board passed, county officials made several requests of the developer to complete the repairs. And some of the repairs made by the developer failed, officials said.
County Board members have said the situation has become dangerous, especially to children playing in the subdivision. They said the county has to fix the situation, even if it has to find money to pay for it.
The county has not been able to reach an agreement with the developer. At one time, Inland offered to pay $68,000 up front, but that is less than half the cost of the repairs, officials said.
“We haven’t been able to work anything out, so the only thing we can do is to draw upon the bonds,” said board member Nancy Martin, chairman of the Planning, Building and Zoning Committee.
Board members unanimously agreed on both resolutions to pull the bonds, posted when the development was built in 2001.
“These people (subdivision residents) have been very patient,” said board member Jeff Wehrli. “They’ve been waiting for a response from the developer. This is something we need to do.”