GLENWOOD | The village is moving forward with its plans to redevelop the property at in the 500 block of West 195th Street that for years was home to Chicagoland Paintball.
The Village Board approved a contract offer in September that called for $450,000 in tax increment financing funds so the village could buy the property located in an industrial park.
On Tuesday, the board approved a contract in excess of $900,000 with Cachey Builders Inc.
"This is for the work on the former paintball building, which is going to be ultimately purchased by us, improved, and then sold to Tuffli (Company)," Village Attorney John Donahue said.
Village President Kerry Durkin said Cachey Builders will make improvements to the roof, parking lot and siding.
After the Tuffli Co. buys the property from the village for $400,000, the plan is for a business that manufactures large industrial pumps to inhabit the building.
The board also voted to rescind a redevelopment offer it had made to the owner of the Wendy's restaurant at 18257 Halsted St.
The village's Economic Development Committee had recommended the village grant the owner a 50 percent reimbursement on tax increment financing-eligible expenses in an amount not to exceed $300,000 so improvements could be made for a more contemporary appearance.
Instead, the board approved a redevelopment offer in July that would have provided a 25 percent reimbursement on tax increment financing-eligible expenses in an amount not to exceed $161,500.
Donahue said the village did not want to leave the offer open without knowing if it would be accepted.
Durkin said Wendy's owner Mike Allegro indicated he would be open to approaching the board again about a redevelopment agreement in the future.
The Village Board authorized Robinson Engineering to spend no more than $30,000 to prepare plans and specifications necessary to reduce flooding in the Old Glenwood subdivision.
"MWRD (Metropolitan Water Reclamation District of Greater Chicago) came to the village of Glenwood last week and asked that we get this engineering done and then they would then award a $1 million grant to the village of Glenwood to put in storm sewers from the creek at Vincennes Avenue down Glenwood Avenue to School Street, and from School Street over to the railroad tracks at Campbell (Avenue)," Durkin said.
Durkin said the sewers and roads will be restructured to the proper grade to prevent flooding in the area.
The village of Glenwood Park Programs will present its fourth annual Holiday Marketplace from 10 a.m. to 3 p.m. Nov. 16 and from noon to 4 p.m. Nov. 17 at the Glenwoodie Golf Club, 19301 State St.
There will be holiday shopping, raffle prizes, children's activities and snacks available for purchase. Admission is free.