homes built and some single ….

homes built and some single story duplexes.”

Since the village knows there is demand for the new lots to be built and there won’t be any undue burden on the village’s current infrastructure, Hensch said they were very confident in taking on this project. It is expected to cost just under $2 million to get the first phase of the project complete, but Hensch said the cost will not be passed on to the taxpayers.

“The project is located in a TIF (Tax Incremental Financing) District,” he said. “That will be paying for the new infrastructure.”

Construction in the subdivision will be completed by Earth Inc. of Arpin, with work expected to continue in the area until the ground freezes. After winter goes by, Hensch said the company will resume work in the subdivision until it is completed in June next summer. When completed, the first phase will have 28 lots ready for people to build their houses on.

“During phase one we will be opening 28 lots,” he said. “We will be waiting to see the reception of that before we go into phase two. We want to expand to have 100 lots, but that may take years for that to happen. The village is planning for the future.”

Lot prices in the new subdivision are expected to range from $12,000 for a single family home to $27,000 for a three-family home lot. If anyone is interested in purchasing a lot in the new subdivision, call the Village of Spencer at (715)-659-5423.