The Village of Hortonville Board of Trustees approved a TID 6 developer loan for Terrace Manor in the amount of $215,007 to complete remaining development obligations, including property acquisition, urbanization of the south side of Grandview Road, sidewalk installation, park fees owed to the village and initial seeding of the retention pond.

Per staff presentation, approximately $75,000 of the loan will be applied toward urbanization work — principally sidewalk installation along the south side of Grandview Road — and roughly $18,000 will fund seeding of a retention pond; ongoing maintenance of the pond was described as a modest annual cost of about $2,000 to the village in perpetuity. Village staff also told trustees that multiple utility and paving contracts in the area are handled by other entities, including We Energies.

Trustees motioned to approve the TID 6 loan; the motion carried on roll call.

What it covers: Staff said the loan covers the parcel purchase, required sidewalk extension at the subdivision connection and park fees the developer owes under the approved subdivision agreement. Representatives clarified the village will not assess adjacent property owners for the sidewalk; the developer will pay the installation cost.

Speakers discussed coordination with We Energies on certain asphalt and curb work and noted the village holds some retainage and oversight for the public improvements.