Public hearing to be held on proposed property tax levy increase in Colona


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Posted Online: Nov. 28, 2012, 7:47 pm
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By Lisa Hammer, rlhammer@qconline.com
COLONA -- A public hearing on a proposed 20 percent increase in the property tax levy will be held at 5:30 p.m. Monday, Dec. 10, at city hall.

Colona is proposing to increase its total tax levy from $367,837 this past year to $441,405, an increase of $73,568 per year.

Mayor Danny McDaniel said pensions have not been fully funded in the past and have now increased to the point where the city needs additional revenue. He said the increase would be about $40 per year on a home with a market value of $102,000.

Budget officer Lories Graham said in2010, the state suggested the city contribute $124,000 per year to its police pension fund, but the city only has been contributing $102,000.

Increasing the levy "helps us meet expenses that are set so that we don't have to cut services," she said.

Also on Monday, the council agreed to allow BEB LLC to assign part of its TIF redevelopment agreement to Tennant Holdings Inc., which will be able to receive some TIF incentives. The city signed the agreement with BEB in August 2011, and the developer worked with Tennant on its new headquarters project, which transferred its main offices from Orion to Colona.

The city also appointed Rich Holman to fill the unexpired term of Clinton Sullivan until the April 9 election. Mr. Holman had been on the police commission and resigned on Monday to be on the council.



















 




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  Today is Tuesday, Sept 2, the 245th day of 2014. There are 120 days left in the year.

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1889 — 125 years ago: Alderman Frank Ill, Winslow Howard and Captain J.M. Montgomery returned from Milwaukee, where they attended the national Grand Army of the Republic encampment.
1914 — 100 years ago: Three members of the Rock Island YMCA accepted positions as physical directors of other associations. Albert Cook went to Kewanee, C.D. Curtis to Canton and Willis Woods to Leavenworth, Kan.
1939 — 75 years ago: Former President Herbert Hoover appealed for national support of President F.D. Roosevelt and Congress in every effort to keep the United States out of war.
1964 — 50 years ago: The Rock Island Junior chamber pf Commerce has received answers to about 65 % of the 600 questionnaires mailed out recently in a "Community Attitude Survey" to analyze sentiments of citizens towards their city's various recreational, educational, and civic service programs.
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