The land being transferred is, “Pretty much everything north of Hwy 20,” that is currently part of Sturtevant, as Mount Pleasant Trustee Gary Feest put it. There are two rectangular blocks of land on the north end of Sturtevant, when looking at map. One is bordered on the west by W Road and the other piece encloses a condo development bordered on the south by S. Fancher Road.
The exchange of land is part of a boundary agreement that dates back to the creation of Mount Pleasant as a village. The land has been part of Sturtevant’s TID 3, and the municipality agreed to cede the land to Mount Pleasant once the TID closed, which it did in 2016.
The property is worth about $43 million, according to Dan McHugh, the Mount Pleasant Village Assessor. The village will gain about $300,000 in tax revenue, he said.
“Really the biggest plus for the village, is this becomes net new construction or new growth for the village,” McHugh said.
This allows the village to exceed the limit placed on its levy, or property tax, by state law. Which states, a municipality cannot exceed the previous year’s levy limit, unless it’s through new construction or growth. Along with the added value to the village. The land transfer adds new constituents in time for the upcoming spring election.
Following a resolution by the Mount Pleasant Village Board, anyone living on the land being transferred will now be part of Ward 15 and vote at the Mount Pleasant Village Hall.