Above is a rendering of the proposed Jerome Grand at Jacquemin Farms.
Two days of negotiations and a $200,000 payment to the Union County General Fund, have moved the Union County Commissioners to approve an infrastructure agreement for the Jacquemin Farms property development in Jerome Township.
“We appreciate the opportunity to work in a spirit of cooperation and really look forward to moving forward with the development and serving new and existing residents,” said Don Hunter, speaking for the developer, Schottenstein Real Estate Group.
At a meeting this morning, the Union County Commissioners approved the same infrastructure agreement rejected Tuesday. Moments after approving the infrastructure agreement, the commissioners approved a developer’s agreement with Schottenstein. Included in the development agreement is a payment of $200,000 to the Union County General Fund.
“”My issues have been resolved and I think the developers agreement meets what I believe Union County needs,” said Commissioner Gary Lee who voted against the infrastructure agreement Tuesday.
The infrastructure agreement calls for the developer to contribute $1.1 million in cash and infrastructure improvements for Hyland-Croy Road.
At a hearing Tuesday, Commissioner Steve Stolte voted in favor of the agreement and Lee voted against it. Commissioner Charles Hall has been out of the office with an illness. Because of the tie vote, the motion failed to pass.
Schottenstein Real Estate Group intends to build 300 luxury apartments as well as a 250-bed assisted and independent living facility on the property, to be called Jerome Grand at Jacquemin Farms. Officials said that between capacity fees, permitting and inspections, the development will pay the City of Marysville about $4 million to provide the water and sewer. Marysville will also receive the usage charges billed monthly to the residents.
According to an approved traffic impact study, the developer was legally obligated to pay $512,000 for improvements to Hyland-Croy Road. The completed study indicated the development would need a signal light at the intersection of Park Mill Drive. Additionally, the study indicated at a turn lane would eventually be necessary, but not immediately.
According to the approved agreement, the developer will pay for both the traffic signal and the turn lane. The total cost of the traffic signal, and as much as $100,000 of the turn lane could be used to offset the $1.1 million contribution. The remainder will be given to the county as a contribution to be used for additional needs identified as part of the traffic impact study.
In addition, the developer agrees to pay for the acquisition of land to expand Hyland-Croy Road at an estimated cost of $250,000.
The additional payment to the county general fund has no use attached to it, though Lee said it would “most likely be used for road improvements,” specifically mentioning Hyland Croy Road.
Tuesday, Lee said he was voting against the transportation agreement because he is opposed to the agreement between Schottenstein and Jerome Township. That agreement allows the developer to pay for certain additional public improvements and infrastructure inside the development using tax dollars. Additionally, both Lee and Stolte said the agreement with the township meant the county would not get enough money from the developer to help pay for its portion of necessary improvements.
The Logan-Union-Champaign Regional Planning Commission will review the project later today.
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