NORTH AURORA – Village officials are looking at reducing impact fees for a developer that wants to build a hotel on Orchard Road in North Aurora.
As proposed, MHG Hotels LLC would pay $90,000 less in traffic, water and storm sewer connection fees. Village trustees are set to vote Monday on the fee reduction.
MHG Hotels LLC wants to build a four-story, 92-room Fairfield Marriott Inn and Suites hotel on Orchard Road in North Aurora, across the street from the North Aurora Auto Mall. The developer also owns Holiday Inn off of Orchard Road in Aurora.
Village Administrator Steve Bosco said the hotel is expected to give an economic boost to the corridor.
"We have had calls from businesses in that area that are very excited about the fact that a hotel is coming," Bosco said.
Staff had proposed a fee reduction of $78,555, based on traffic impact analysis and sewer usage fees. But attorney John Philipchuck, who is representing MHG Hotels LLC, said that the developer needed a fee reduction closer to $100,000 in order to start the project.
Following that discussion, staff looked for additional ways to cut fees. Bosco said hotels require rather large water connections.
"A 4- to 6-inch water connection fee would cost between $20,990 and $35,870," Bosco said.
He said the developer has agreed to accept the $90,000 impact fee reduction.