April 30, 2013 | 04:30 PMWALWORTH — The Walworth Village Board approved a sale of Library Square to Golden Years of Walworth April 24.
In return, Golden Years will "gift to the village lots 6 and 7 for a library site," Village President David Rasmussen said.
Lots 6 and 7 are the southeastern corner of the Baker Street development, at the eastern intersection of Baker Street and Devils Lane.
Library Square had been set aside during residential development of the area specifically to house the new village library. Due to lack of funds and budget prioritizing, no money was set aside to build the library.
The lot has sat empty for years.
Golden Years proposed a similar sale in January, with a donation of different lots for a future library.
The original proposal stagnated while the village board and the library board discussed the future of the library.
Rasmussen said the village will probably buy lots adjacent to the ones donated by Golden Years.
The village has an option to buy those for three years, Rasmussen said.
This option means the village has priority in purchasing those lots over another interested buyer.
During village board meetings in January, Rich Austin, owner of Golden Years, said the company planned to expand its residential housing. Before this sale was finalized, Golden Years already owned the remaining lots on the library square block.
The new lots set for library development are smaller than Library Square. The two lots donated by Golden Years are slightly more than half an acre. If the village buys the two adjacent northern lots, the total library site will be less than an acre and a half.
Rasmussen said the village has no plans in place for building a new library or the funds to do so at this time.