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


Share
Posted Online: Nov. 28, 2012, 7:47 pm
Comment on this story | Print this story | Email this story
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.



















 



Local events heading








  Today is Saturday, Aug. 2, the 214th day of 2014. There are 151 days left in the year.

1864 -- 150 years ago: Because of the National Fast, no paper will be issued from this office tomorrow.
1889 -- 125 years ago: Attracting considerable attention is a sunflower stalk 15 feet high and still growing in the yard of Dr. C. Speidel on 23rd Street in Rock Island.
1914 -- 100 years ago: The municipal bathing beach proposition came up again at the city commission's meeting and a proposition passed, provided that a locker room be constructed at the foot of 7th Street for the accommodation of the bathers.
1939 -- 75 years ago: Plans for erecting a $14,000 warehouse to replace the frame structure at the rear of the Augustana Book Concern were announced.
1964 -- 50 years ago: Hours for tours of the new Deere & Co. Administrative Center on John Deere Road will be changed, effective Monday.
1989 -- 25 years ago: Tuesday night at the Great Mississippi Valley Fair in Davenport the Nitty Gritty Dirt Band gave its fans more than they possibly could have expected. The band took the stage at 9:07 p.m. and didn't leave until 10:40.









(More History)