Second water source estimated at $1.5 million
Village of Lannon - Lannon is “stuck between a rock and a hard place” in terms of any further development in the village, according to Village Board President David Nagler.
If the village puts any more customers on its water utility services, the Department of Natural Resources will require Lannon to put in a second water source, which will cost the village $1.5 million.
This is a problem, considering the village’s total budget is $1 million, Nagler said.
In 2014, two developers were able to sell 40 single-family units in the Whispering Ridge Condominium development area, bringing in $500,000 in impact fees that the village can use toward the second water source.
This leaves $1 million for the village to find if further development happens.
“That’s one of the dilemmas we’ve been sitting on right now,” Nagler said. “We don’t have to develop, and like I said, there’s a good number of residents that would like to see Lannon just stay the way that it is. Do we go forward and take out a loan to put in the second water source under the theory, if we build it, they will come? But, we’ve got a good number of residents that really don’t care. So, we can sit where we are and not incur any more debt until it works for the best interest for the village.”
Nagler said he is aware that Lannon residents do not want to see a tax increase. Any further development will be discussed during the next village board meeting, which will be held at 7 p.m. Wednesday, Sept. 14.
“We need to look at the best interest of the village, and yes, development is good, but smart development is really the way to go,” Nagler said.