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LITH Finds Renter for Larsen Property

The property is expected to be used for boarding and training horses.

It looks like a village-owned property on Pyott will soon have a new renter. 

The Lake in the Hills Village Board on Thursday approved an equestrian center lease with the owner of Dynasty Farm, Inc., Jennifer Valanti, for the property at 1109 Pyott Road. Valanti will use the facility for boarding and training horses. 

The lease includes the 9.5 acres of land and all of the primary buildings except for the main barn, according to village board documents.  

The village has been looking for someone to lease the property since the last renter left the stable facility in a state of disarray — littered with piles of debris and manure. The village cleaned up the property and put it back up for rent.

As part of her the lease, Valanti has agreed to make further repairs to the facility in exchange for reduced rental costs, according to village documents. Under the lease agreement, Valanti will repair stall walls, purchase new automatic waterers and repair all missing stall doors.

In return, the village will not charge Valanti any rent from the start of the lease on Feb. 1 through April. From there, rent will increase to $1,000 per month through September and then $1,500 per month in October. Her second year, she will be charged $2,000 per month.

The lease will require quarterly manure removal and continued insurance coverage through the duration of the lease, according to village documents.

The property was given to the village by the Gordon and Joann Larsen who have since passed away and were both influential to the village of LITH. The Algonquin-Lake in the Hills Interfaith Food Pantry is located at a renovated pole barn on the property. 

NeonRose January 15, 2013 at 03:09 PM
Wishing her only the best of luck with that project. Toured that property and seriously had to pass as it was so disgusting and not suitable for horses, even after the LITH clean up. There is no available parking for the amount of horses the property is able to contain, no trailer parking, the food pantry built garden beds around the outdoor wash rack, turn out is badly limited and over grazed, ceiling falling in and leaking in several areas of the barn, it looked as if the place hadnt been dusted or webbed in decades, was infested with "critters" and critter feces, the food pantry took over the building used for hay storage, arena side walls were destroyed and the footing was completely insufficient. With the cost of hay and grain through the roof I hope she hasnt gotten in over her head.
NeonRose January 15, 2013 at 05:58 PM
Also wondering how honest the village was being with her, as we were told that they were not even aware if the water system was operable because the actual property water pipes had burst from not being winterized. The contractor who did our assessment as a family friend stated the cost to even START the repairs alone was $100,000, regardless of being a village lease, was required to be up to code and that properly intertwining electric, water and animals with that kind of existing damage would hit a cost a boarding facility would never be able to recoup. He passed on the job. As for their quarterly manure removeal, that will be interesting during the summer if we hit the 100s again with 3 months of poop sitting next to a food pantry. Had the village been smart, what they should have done was level everything but the arenas and a block of ten stalls and allowed the property to be used as a "trailer in" facility as the riding center in Barrington Hills is. Lots of backyard horse people in the area with no indoor for the winter that certainly would have been happy to pay a membership fee.

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