The Lombard Village Board of Trustees convened on July 17, 2025, to discuss several key developments, primarily focusing on the Creek View Plaza project and its financial implications.

The meeting began with Trustee Bochner inquiring about the status of the Creek View Plaza project, which had previously been downsized from a three-story to a two-story development due to financial concerns. The project, located just west of Pep Boys, originally included a banquet facility that has since been removed. Despite these changes, the same developer is still involved, and construction is currently underway.

Mark Daniel, the attorney representing the project, explained that the financial landscape has improved since the initial downsizing. He noted that interest rates had significantly increased during the previous planning phase, which contributed to the project's revision. However, he expressed confidence that the current project would not face similar financial hurdles, as the lender remains the same and interest rates are not expected to rise dramatically.

Trustees expressed a desire for assurance regarding the project's financing. There was a request for a letter of credit or proof of financing to ensure that the project would not stall midway through construction. Daniel assured the board that he would facilitate communication between the lender and the trustees to provide the necessary documentation.

The discussion also touched on the anticipated timeline for the project, with hopes for the banquet center to be operational by Memorial Day. The board emphasized the importance of a steady revenue stream to support ongoing construction and development.

In conclusion, the meeting highlighted the Village Board's commitment to overseeing the Creek View Plaza project and ensuring its successful completion. The trustees plan to follow up on financing details and project phases in future meetings, aiming to maintain momentum and address any potential concerns proactively.