Tentative approval

EL Village Board OKs apartment rezoning for Elkhart Victory development pending site plan approval, developer’s agreement
by Emmitt B. Feldner of The Review staff


THIS MAP (right) shows the approximate location of the Victory Elkhart LLC property in the village of Elkhart Lake (dotted outline) and the proposed location for a 48-unit apartment building within that development (gray shaded area). Rezoning for the apartment building was tentatively approved by the Village Board Wednesday, but that is contingent of final approval of the plan and other conditions. — Map by Google Maps THIS MAP (right) shows the approximate location of the Victory Elkhart LLC property in the village of Elkhart Lake (dotted outline) and the proposed location for a 48-unit apartment building within that development (gray shaded area). Rezoning for the apartment building was tentatively approved by the Village Board Wednesday, but that is contingent of final approval of the plan and other conditions. — Map by Google Maps ELKHART LAKE – The Village Board gave conditional rezoning approval for a proposed 48- unit apartment complex on the village’s north side Wednesday.

The rezoning to multi-family for a five-acre parcel between Lincoln Street and Moraine Drive just to the east of Anchor Lanes for Victory Elkhart LLC would not go into effect until the board approves a concept plan for the development, Village Administrator/ Clerk/Treasurer Jessica Reilly told the trustees.

Also, she said, if the developers do not take out a building permit for the project by Dec. 31, 2016, the village would reserve the right to restore the R-1 single-family zoning on the property.

“This would still have to go back to the Planning Commission to basically work out a developer’s agreement with the potential developer,” Village President Alan Rudnick stated. “If we conditionally approve the rezoning, it allows the Planning Commission to work with any potential developer.”

“It sounds like this gives us a lot of latitude,” Trustee Richard Baumann commented.

Trustees had copies of a conceptual plan provided by Victory Elkhart showing the proposed apartment building and a possible development for the remainder of Victory’s land showing duplexes surrounding the apartment up to the west side of Moraine Drive.

Victory Elkhart officials stated, “This plan is conceptual only and has been developed for the sole purpose of providing an idea of what may border the 5-acre parcel requested to be zoned R-3 for development of multi-family housing.”

Rudnick said the concept plan for the development will be reviewed by Kapur and Associates, the village’s engineering firm, to determine if it meets the village’s codes and requirements.

“On the one hand, it seems kind of premature to approve rezoning until we have more information on the concept plan, but then until they get the nod for rezoning,” the developers probably won’t go beyond the concept presented to the board, Trustee Pam Garton said.

“They need some incentive for them to continue with planning,” Trustee Richard Sadiq noted.

Beyond basic infrastructure questions, Rudnick said the village will need more information on how the development would cash flow before giving final approval.

That’s because, he explained, much of the infrastructure improvement – including a proposed new street connecting Maple Street to Moraine Drive and other streets within the Victory Elkhart development – would be financed through the village’s tax incremental finance district.

“We can’t run the numbers to see if we can support the road (and other improvements) without the developer saying they’re going to put up X amount of dollars worth of buildings,” Rudnick conceded.

“Besides the fact that the rezoning is conditional and only for the five acres (for the) apartment building, what they’re proposing now would require a conditional use permit because it (the apartment building) is more dense than R-3 permits,” Garton pointed out.

“There are many steps to take and that’s just one of them,” Rudnick agreed.

The board approved a $950,000 bond sale to pay for street and other improvements connected to the Sargento and Osthoff Resort expansions, to be repaid through TIF districts.

Maureen Schiel, financial specialist for Ehlers and Associates, told the trustees the bond sale drew four bidders, including from as far away as Minnesota and Texas, which helped keep interest costs low.

The winning bid came from Bankers Bank of Madison and Community Bank and Trust of Elkhart Lake, with an interest cost of 2.8664 percent over 15 years.

Two suggestions were made for a name for the short street in front of the Pledge Allegiance statue at the south end of the village park.

One, from Trustee Lynn Shovan, was Hollfelder Way, to honor Tom and Bea Hollfelder who donated the statue to the village.

The other came from a member of the audience who suggested Arno Way, to recognize the historical fact that the area was once the parking lot for Arno’s Tavern.


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