Village of Hampshire IL - Hampshire Illinois

May 20, 2010

The Village has been working on soliciting bids and the contract administration for finishing some of the public improvements in the TW subdivision. Here is an update on what has been done this far:

Underground Punch List Work -- The Village awarded a contract to Stark and Sons to complete some underground punch list work prior to the completion of the paving in the subdivision.
Curb and Sidewalk Work - The Village awarded a contract to complete sidewalk improvements in parts of the subdivision as well and curb repair throughout the subdivision.

You will see contractors in the subdivision working on these items in the near future. In addition to these items, the Village will be awarding contracts shortly for:

Landscaping along Route 72 -- This work will be completed in the fall
Additional grading work along Route 72
Paving - This is the largest contract and will include adding surface course to most of the streets in the subdivision. The Village is evaluating on whether or not it will complete the intersection on Route 72 and Romke Road.
Street Lighting - If funds remain, we will be working on some of the street light issues.

Also, we are examining the detention basins and will be discussing their conditions with the Bank.

As always, we appreciate your patience and cooperation. Feel free to email the Village if you have any questions or concerns.

March 22, 2010

At its March 18, 2010 Board Meeting, the Hampshire Board of Trustees approved a contract with its Village Engineer to manage the completion of some of the public improvements in the subdivision. Our engineers will be soliciting bids on a series of projects that need to be completed such as the landscaping along IL-72, the completion of the intersection at IL-72 and Romke Road, street and sidewalk repair, and underground utility repair. Once bids are received, we will bringing those items back to the Village Board for approval. We anticipate most of the work will be completed during this construction season.

We will post updates on the specific work to be done and the timelines for said work once the bids approved. We should have an update in early May.

December 2, 2009

As the snow starts fall this winter, please know that US Bank has informed us that they do have a snow plow company under contract for this winter to handle the plowing in the subdivision. The Village has the contractor's contact information and will be in contact should issues arise.

November 11, 2009

The Village has received the $1.3 million from the title company and those funds currently reside in a Village controlled account. In addition, we have learned that US Bank (formerly PNB) will continuing in their ownership, maintenance and marketing of the subdivision. We have reached out to the bank with a series of questions and we should be receiving those answers in the near future. When the Village has additional information, it will post it to this website.

November 3, 2009

Yesterday (Monday), the Village Board held a special meeting and adopted a resolution that authorized the draw of $1.3 million from a special escrow account that had been established between Park National Bank and the Village. Essentially PNB transferred these funds to a title company and said funds would be treated like a standard letter of credit -- as certain improvements were completed, the money would be returned to PNB. The only difference with this arrangement was that in the event that PNB would cease to exist, the Village would have direct access to those funds to complete some of the items in the subdivision such as the streets, landscaping, etc. The Village didn't want to be left "holding the bag" in case the bank was either sold, liquidated, etc. This past weekend, PNB was shut down and its assets (and most of its liabilities) have been transferred to US Bank. Based on the agreement with PNB, the Village was able to access these funds and we expect to have the $1.3 million in our possession by close of business on Tuesday.

So what does this mean? It means the Village has the money to put the final surface lift on the streets with homes, finish the intersection work at Romke and Route 72, and add some landscaping to the subdivision. Because we are in early November, this work won't be completed until next year; however, unless there are some unforeseen circumstances, the Village will be creating a plan of action and completing various improvements next year.

Like you, the Village still have a lot of questions and few answers as it relates to the subdivision and what US Bank has planned. As we receive information, we will continue to post it to this website. If you have specific questions, you can contact Village Administrator Eric Palm by emailing him here.

October 31, 2009

As you may have heard or read, Park National Bank (PNB) which owns the Tuscany Woods Subdivision was taken over by the Federal Deposit Insurance Corporation (FDIC) on Friday evening and will reopen today (Saturday) as branches of US Bank. This means that PNB no longer is in business and all of its previous assets and deposits are now owned by US Bank. Certainly, there are a lot of questions that both the Village and the homeowners have about the future of the subdivision. At this point we have more questions than answers, but will seeking those answers ASAP. As soon as we have more information, we will update this website. Please note, as a result of the events that transpired yesterday, should there be no one to plow/salt the subdivision this winter, the Village of Hampshire will take on the responsibility for the subdivision.

October 5, 2009

The Village has decided to make a dedicate page to provide updates on the Tuscany Woods Subdivision Project. There are few updates to report on, but here is the latest information.

Park National Bank (PNB) has finished the foreclosure action on the current subdivision (unit 1) and it the legal owner of record.
PNB is actively working with the Village on the remaining subdivision issues and public improvements.
PNB is working on the park site on the north end of the subdivision. Two little league baseball fields are being built which will include a parking area. The fields should be ready for baseball action in the spring. There will be no additional park equipment installed at this time and a timetable for additional equipment is not certain.
PNB is still responsible for for snow plowing this winter and the Village will be working with the bank to ensure the streets are adequately maintained.

The Village will post additional updates as they become available. If you have other specific questions, feel free to contact the Village at 847-683-2181 x. 26.



	Tuscany Woods Subdivision Update May 20, 2010 The Village has been working on soliciting bids and the contract administration for finishing some of the public improvements in the TW subdivision. Here is an update on what has been done this far: Underground Punch List Work -- The Village awarded a contract to Stark and Sons to complete some underground punch list work prior to the completion of the paving in the subdivision. Curb and Sidewalk Work - The Village awarded a contract to complete sidewalk improvements in parts of the subdivision as well and curb repair throughout the subdivision. You will see contractors in the subdivision working on these items in the near future. In addition to these items, the Village will be awarding contracts shortly for: Landscaping along Route 72 -- This work will be completed in the fall Additional grading work along Route 72 Paving - This is the largest contract and will include adding surface course to most of the streets in the subdivision. The Village is evaluating on whether or not it will complete the intersection on Route 72 and Romke Road. Street Lighting - If funds remain, we will be working on some of the street light issues. Also, we are examining the detention basins and will be discussing their conditions with the Bank. As always, we appreciate your patience and cooperation. Feel free to email the Village if you have any questions or concerns. March 22, 2010 At its March 18, 2010 Board Meeting, the Hampshire Board of Trustees approved a contract with its Village Engineer to manage the completion of some of the public improvements in the subdivision. Our engineers will be soliciting bids on a series of projects that need to be completed such as the landscaping along IL-72, the completion of the intersection at IL-72 and Romke Road, street and sidewalk repair, and underground utility repair. Once bids are received, we will bringing those items back to the Village Board for approval. We anticipate most of the work will be completed during this construction season. We will post updates on the specific work to be done and the timelines for said work once the bids approved. We should have an update in early May. December 2, 2009 As the snow starts fall this winter, please know that US Bank has informed us that they do have a snow plow company under contract for this winter to handle the plowing in the subdivision. The Village has the contractor's contact information and will be in contact should issues arise. November 11, 2009 The Village has received the $1.3 million from the title company and those funds currently reside in a Village controlled account. In addition, we have learned that US Bank (formerly PNB) will continuing in their ownership, maintenance and marketing of the subdivision. We have reached out to the bank with a series of questions and we should be receiving those answers in the near future. When the Village has additional information, it will post it to this website. November 3, 2009 Yesterday (Monday), the Village Board held a special meeting and adopted a resolution that authorized the draw of $1.3 million from a special escrow account that had been established between Park National Bank and the Village. Essentially PNB transferred these funds to a title company and said funds would be treated like a standard letter of credit -- as certain improvements were completed, the money would be returned to PNB. The only difference with this arrangement was that in the event that PNB would cease to exist, the Village would have direct access to those funds to complete some of the items in the subdivision such as the streets, landscaping, etc. The Village didn't want to be left "holding the bag" in case the bank was either sold, liquidated, etc. This past weekend, PNB was shut down and its assets (and most of its liabilities) have been transferred to US Bank. Based on the agreement with PNB, the Village was able to access these funds and we expect to have the $1.3 million in our possession by close of business on Tuesday. So what does this mean? It means the Village has the money to put the final surface lift on the streets with homes, finish the intersection work at Romke and Route 72, and add some landscaping to the subdivision. Because we are in early November, this work won't be completed until next year; however, unless there are some unforeseen circumstances, the Village will be creating a plan of action and completing various improvements next year. Like you, the Village still have a lot of questions and few answers as it relates to the subdivision and what US Bank has planned. As we receive information, we will continue to post it to this website. If you have specific questions, you can contact Village Administrator Eric Palm by emailing him here. October 31, 2009 As you may have heard or read, Park National Bank (PNB) which owns the Tuscany Woods Subdivision was taken over by the Federal Deposit Insurance Corporation (FDIC) on Friday evening and will reopen today (Saturday) as branches of US Bank. This means that PNB no longer is in business and all of its previous assets and deposits are now owned by US Bank. Certainly, there are a lot of questions that both the Village and the homeowners have about the future of the subdivision. At this point we have more questions than answers, but will seeking those answers ASAP. As soon as we have more information, we will update this website. Please note, as a result of the events that transpired yesterday, should there be no one to plow/salt the subdivision this winter, the Village of Hampshire will take on the responsibility for the subdivision. October 5, 2009 The Village has decided to make a dedicate page to provide updates on the Tuscany Woods Subdivision Project. There are few updates to report on, but here is the latest information. Park National Bank (PNB) has finished the foreclosure action on the current subdivision (unit 1) and it the legal owner of record. PNB is actively working with the Village on the remaining subdivision issues and public improvements. PNB is working on the park site on the north end of the subdivision. Two little league baseball fields are being built which will include a parking area. The fields should be ready for baseball action in the spring. There will be no additional park equipment installed at this time and a timetable for additional equipment is not certain. PNB is still responsible for for snow plowing this winter and the Village will be working with the bank to ensure the streets are adequately maintained. The Village will post additional updates as they become available. If you have other specific questions, feel free to contact the Village at 847-683-2181 x. 26. 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