Bank plans to build branch on annexed land in Savoy

Bank plans to build branch on annexed land in Savoy

SAVOY – Plans are in the works for the First State Bank of Monticello to be a part of the landscape at the intersection of Neil Street and Windsor Road.

The Savoy Village Board on Wednesday approved annexing 2402 Windsor Place, 309 Windsor Road, 2401 S. Neil St. and 2407 S. Neil St. – north and west of the Larry Kanfer Gallery. The property had previously been in unincorporated Champaign County.

Buildings on the properties, both at the southwest corner of Neil Street and Windsor Road, will be torn down to accommodate the bank. Village Zoning Administrator Dan Davies said demolition has begun on 2401 S. Neil St., and will soon begin at 309 Windsor Road.

Bill Tracy, attorney for First State Bancorp of Monticello, parent company of First State Bank of Monticello, said including a canopy and drive-through, the one-story building will occupy 7,500 square feet.

The plans for the branch have yet to come before the village's planning commission.

The board also approved an ordinance annexing 2405 Windsor Place and 2406 Windsor Place. The property, owned by Shapland Realty LLC, is directly west of Neil Street. While 2406 Windsor Place is currently a vacant lot, Shapland Realty plans to construct an office building on the property to accommodate the businesses in the buildings that will be torn down to make way for the First State Bank of Monticello.

Davies said Shapland Realty owned all the annexed property, and sold part to the First State Bancorp of Monticello.

An agreement among Champaign, Savoy, Urbana and the Urbana-Champaign Sanitary District says that new construction that requires sanitary sewer service also requires annexation. Village Manager Richard Helton said a boundary agreement with Champaign required Shapland Realty and the First State Bancorp of Monticello to annex into Savoy.

In other business, the board discussed raising the sewer connection fee – which has been $150 since the 1970s – as a way to keep the proposed sewer benefit fee as low as possible, while still covering expenses. The board will discuss the issue again at its Dec. 13 meeting.