LAKEMOOR – Another land purchase is on the table for the Lakemoor Village Board.
The board will vote at its meeting Thursday evening on purchasing 232 Rand Road, a vacant lot next to where the village hall used to be.
The village rented the property when it was operating out of its old village hall, but when the village moved its administrative offices to two leased suites at 28874 W. Route 120, the owner offered to sell, Village Administrator David Alarcon said.
By joining the two vacant lots, the village can open up opportunities for future development on its Route 120 corridor, an important part of the comprehensive plan adopted last year, Village President Todd Weihofen said.
“It makes it a bigger piece of the puzzle we’re trying to put together,” he said. A lot to the east of the property also is for sale, Alarcon said, adding that there’s “a lot of potential there.”
The purchase is one of several the village has been talking about for a while, Weihofen said, adding the board has been setting aside money for it.
“The price was right, and the village was in a position where it could purchase the property,” he said.
The details won’t be made public until after the property is purchased, Alarcon said.
Last month, the village purchased 3.2 acres of vacant land at 28585 W. Route 120 for a new village hall, and a couple months earlier, it bought 611 Route 120, a 10-acre lot that runs west from Morrison Park.
The Lakemoor Village Board has made several moves aimed at economic development in the past year, including hiring a community and economic development director and moving forward on making the intersection at Routes 120 and 12 a tax district.