Aledo TIF stirs talks at council meeting


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Posted Online: Dec. 04, 2012, 9:13 pm
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By Pam Berenger, pberenger@qconline.com
ALEDO -- Two tax increment finance district ordinances between the city and Krstic Realty triggered discussion before council members approved grants of up to $25,000 each for life safety and building code upgrades.

Ald. Barry Cooper, 3rd Ward, said he was troubled by three apartments behind one storefront business. Mr. Cooper said he understood TIFs should be used for business projects, not residential.

City Attorney Mark Walton clarified TIFs could be used for improvements to properties with living spaces.

Ald. Tab Balmer, 1st Ward, said his opposition was because work already was started when the application was made.

"I despise this thing," Mr. Balmer said. "Why are we giving away grants instead of granting loans?"

Aldermen also approved a TIF grant application for up to $25,000 from Michael D. Clark, president of MDC Ventures, to complete life safety and building code upgrades.

In other business, the council:

-- Approved selling a 1996 Ford Mustang GT Coupe it had seized. The minimum sale price is $2,500.

-- Approved a tax levy of $365,000, or $8,421 less than last year's levy of $373,421. Aldermen also approved a 2013 budget of $5,871,128, or $152,188 lower than last year's budget of $6,023,316. At the last council meeting, city finance director Sarah Bohnsack said one reason for the decrease was an anticipated decline in equalized assessed valuation, from $39 million last year to $36.5 million.

















 



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  Today is Tuesday, July 29, the 210th day of 2014. There are 155 days left in the year.

1864 -- 150 years ago: Col. H.F. Sickless informs us that there will be new organization of troops in this state under the call for more men.
1889 -- 125 years ago: James Normoyle arrived home after graduating from West Point with honors in the class of 1889. He was to report to Fort Brady, Mich., as second lieutenant in the 23rd Infantry.
1914 -- 100 years ago: Austria Hungary declared war on Serbia. Germany and Austria refused an invitation of Sir Edward Grey to join Great Britain at a mediation conference.
1939 -- 75 years ago: Dr. William Mayo, the last of the three famous Mayo brother surgeons, died at the age of 78.
1964 -- 50 years ago: One of the biggest horse shows of the season was held yesterday at Hillandale Arena on Knoxville Road under the sponsorship of the Illowa Horsemen's Club.
1989 -- 25 years ago: Davenport is like a gigantic carnival this weekend with the Bix Arts Fest taking over 12 square blocks of the downtown area. A festive atmosphere prevailed Friday as thousands of people turned out to sample what the Arts Fest has to offer.








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