Hampshire board approves $70,002.15 impact‑fee disbursement to fire protection district, amends to include interest

The Village of Hampshire board voted unanimously to disburse impact‑fee funds to the local fire protection district, approving the request for $70,002.15 and amending the motion to include any accrued interest.

At the agenda item the chair explained the village holds the account and the fire protection district formally requested the funds. A board member asked whether the figure in the district’s letter included accrued interest. Miss Lyons, the village administrator and chief fiscal officer as referenced in the packet, responded: “There is accrued interest.” The board amended the motion on the floor to cover the principal plus accrued interest and then approved the amended motion by roll call (motion passed 6–0).

The board did not identify a specific disbursement schedule in the public discussion; the packet included a letter from the fire protection district describing how the district intended to use the funds. The chair noted that state statute and local practice require the village, as the account holder, to release the requested impact fees when the district submits the request.

The approval came before the evening’s budget hearing and was presented as a routine compliance disbursement with the requested amount recorded in the meeting packet. The board’s action authorizes staff to release the funds including any interest earned on the account.