SAVOY — Final approval for the Villas of Hollybrook by the village board is almost complete. There is one technicality that is expected to be resolved at the next board meeting on Dec. 18. The Villas of Hollybrook is a planned assisted-living and memory care facility that will be located at the southwest corner of the Lake Falls subdivision.
The board approved the general plan for the Lake Falls subdivision as well as the final plat for the Villas of Hollybrook.
Following a public hearing during which no one spoke, the board tabled the ordinance to annex the 11-acre property where the Villas of Hollybrook will be built.
The current owners of the property intend to sell the tract of land to Bill Peifer, the Lake Falls subdivision developer, who will sell the property to Reggie Phillips, who will build the Villas of Hollybrook. The sale is expected to close on Dec. 12.
Although the board cannot act on the ordinance until the sale is complete, Village Attorney Paul Hendren did inform the board that passage of the final plat would indicate to the property buyers that the annexation ordinance would receive a favorable vote.