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LITH hires new finance director

Published: Saturday, July 26, 2014 11:23 p.m. CDT

LAKE IN THE HILLS – The village has a new finance director. The Village Board on Thursday hired Rich Hentschel to replace Robert Miller, who resigned from the job in May for personal reasons.

Hentschel’s starting salary will be $115,000. He begins Aug. 25.

He has both bachelor’s and master’s degrees in finance and more than 13 years in senior level municipal finance experience, according Assistant Village Administrator Jen Clough.

Hentschel is currently the finance director in Urbana, and previously served as the finance director/manager in Bloomington, the Park District of Highland Park and Lake County.

The board also approved giving the Crystal Lake Park District more time to complete its purchase of 27 acres of land at 8917 Ackman Road.

The park district hopes to build in the future a recreation center and/or aquatic center on the property. However, that will be determined after an attitude and interest survey, and whether a potential future referendum passes, park district officials have said.

Two billboards on the site have held up the purchase. The billboards have to be removed before the park district takes control of the property.

The park district now has until Jan. 22 to close on the property in order to keep the zoning and annexation with Lake in the Hills in place. The park district had planned to close on the property in April for $625,000.

Village Board members also approved a change to the village’s economic incentive policy.

The village removed its 18-month program for sales-tax sharing and fee-reduction to encourage development along Route 31 and Route 47.

Instead, the board added language to promote investment by reimbursing a portion of sales tax generated for new businesses investing in tenant build-outs or remodels.

However, according to the policy, incentive requests would be considered on a case-by-case basis. Village officials have said that remodeling and interior build-outs are necessary in many existing in-line locations.

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