Cordova, Riverdale reach TIF pact


Share
Originally Posted Online: Nov. 15, 2012, 9:54 pm
Last Updated: Nov. 15, 2012, 11:42 pm
Comment on this story | Print this story | Email this story
By Lyle Ernst, correspondent@qconline.com

Cordova village officials on Thursday approved paying the Riverdale School District $50,000 each year for the life of two tax increment financing districts.

There are a total of 56 students living in Cordova's TIF 1 and TIF 2. No students live in Cordova's TIF 3.

Board members also approved paying the newly elected position of village clerk $400 per week for 28 hours, as well as $45 for each meeting attended. A salary increase, based on inflation, will be addressed on a yearly basis.

In March, Cordova residents voted 3-to-1 to return the village clerk position to an elected one. Current village clerk Sharon Peterson no longer lives in Cordova, making her ineligible to run for the position.

In other action, the board approved up to$4,000 in repairs by Reynolds Ford of East Moline to the village's Ford 350 maintenance truck. They also approved two new tires for the truck, not to exceed $368, from Harry's Farm Tire Service in Albany.

Board members also approved spending up to $700 to rent a power lift to put up Cordova's new Christmas lights.



















 



Local events heading








  Today is Monday, Oct. 20, the 293rd day of 2014. There are 72 days left in the year.

1864 -- 150 years ago: The store of Devoe and Crampton was entered and robbed of about $500 worth of gold pens and pocket cutlery last night.
1889 -- 125 years ago: Michael Malloy was named president of the Tri-City Stone Cutters Union.
1914 -- 100 years ago: Dewitte C. Poole, former Moline newspaperman serving as vice consul general for the United States government in Paris, declared in a letter to friends that the once gay Paris is a city of sadness and desolation.
1939 -- 75 years ago: Plans for the construction of an $80,000 wholesale bakery at 2011 4th Ave. were announced by Harry and Nick Coin, of Rock Island. It is to be known as the Banquet Bakery.
1964 -- 50 years ago: An application has been filed for a state permit to organize a savings and loan association in Moline, it was announced. The applicants are Ben Butterworth, A.B. Lundahl, C. Richard Evans, John Harris, George Crampton and William Getz, all of Moline, Charles Roberts, Rock Island, and Charles Johnson, of Hampton.
1989 -- 25 years ago: Indian summer is quickly disappearing as temperatures slide into the 40s and 50s this week. Last week, highs were in the 80s.


(More History)