Grant may help spark new home development

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BELOIT - The expansion of The Oaks subdivision in Beloit could soon see grant funding from the Greater Beloit Economic Development Corporation, after the group's executive committee met Wednesday and approved a new grant fund for future projects.

According to GBEDC Executive Director Andrew Janke, the executive committee approved the concept of approving a discretionary grant, in this case in the amount of $18,300, for water infrastructure improvements for the subdivision expansion that's currently pending with the city.

Shopiere Oaks LLC, a Hendricks Commercial Properties-formed company, is seeking final plat approval for 26 buildable lots and an out-lot for stormwater management to build a larger-lot subdivision, with areas ranging from 14,069 to 39,527-square-feet.

Twenty of the proposed lots could have a frontage upon a proposed street to be named Woodside Drive that would connect with a new dead-end street called Oakfield Drive. Lots 22 through 26 and the extension of Deerfield Drive would not be included in the forthcoming final plan, and would be built in future phases, according to the plan.

Janke said Hendricks Commercial Properties has yet to apply for the grant that will be reviewed by the GBEDC's business development committee and for a final time by the executive committee.

The plan will be reviewed for possible action at the July 15 Beloit City Council meeting, according to City of Beloit Planning and Building Services Drew Pennington.

Pennington said the plan includes six conditions for development, if approved.

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