EAST MOLINE — Aldermen voted Monday and approved hiring a law firm to help re-create a tax-increment financing district for a project planned at the former Case-New Holland site.
In 2010, the River Eagle group — composed of Mike VanDeHeede, Matt Stern, Dan Murphy and state Sen. Mike Jacobs, D-East Moline — bought 132 acres of the site for about $1.5 million with plans to develop into it into Fountainhead of the Quad Cities, a mixed business and residential district.
In late 2011, the city created a TIF for the $200 million project. But earlier this year, it was learned the tax assessment was not adjusted to reflect the property's purchase price, remaining at an older and much higher valuation of about $6 million. To fix the issue, the original TIF must be erased and replaced.
At Monday night's meeting, aldermen unanimously approved hiring Schiff Hardin to provide legal counsel to the city as it creates a new TIF district. Ald. Helen Heiland, 1st ward, was not present.The firm's services, covered by River Eagle, could cost up to $15,000, said city administrator Cole O'Donnell.
Aldermen also unanimously approved a $49,800 contract with EnviroNET to address contamination near the former East Moline city landfill. Although there is little or no public danger, recent groundwater tests indicated the contamination levels were too high.
EnviroNET will inspect the site, determine the cause of the problem and help find a solution.
Acting as the committee of the whole, aldermen also unanimously approved a special meeting at 6 p.m. Nov. 26 to begin budget discussions.
City finance director Megan Petersen said the initial levy proposed for East Moline's portion of the property tax levy indicates a decrease in residents' bills.The owner of a $100,000 home paid about $710 on East Moline's portion of the levy for 2011, she said. This year, it would be $705.
A capital plan introduced earlier this month includes about $9.3 million in potential needs, including new police and fire radios, a replacement water tower and a new emergency generator. At Monday night's meeting, aldermen received an updated version totaling $31,852,500, due to projects added by the city's engineering department.
Reports on those projects were not ready when the initial proposal was introduced, Mr. O'Donnell said. Aldermen requested more time to review the plan when it was first presented, he said, giving staff time to update it.
Today is Sunday, March 9, the 68th day of 2014. There are 297 days left in the year. 1864 -- 150 years ago: Much damage is being done to sidewalks, shade trees, fences and gardens by hogs that are running at large about town. 1889 -- 125 years ago: H.C. Cleveland was elected air knight captain of Rock Island Division Uniform Rank Knights of Pythias. 1914 -- 100 years ago: B.W. Wilson, authority on birds and their habits, spoke at the weekly luncheon at the Rock Island Club. 1939 -- 75 years ago: The famous Dionne quintuplets have been invited to visit King George and Queen Elizabeth in Toronto on May 22, but Papa Dionne thinks their majesties should include the Callander nursery in their tour. 1964 -- 50 years ago: Ever been smothered by funny stuff? Well more than 2,600 people were last night when two boys named Tom and Dick Smothers took a "rocky, twisting road to folk music" in Davenport Masonic Temple. 1989 -- 25 years ago: Moline residents soon may be asked to recycle part of their garbage and might even get paid for it.