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Aledo TIF stirs talks at council meeting
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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 Thursday, June 20, the 171st day of 2013. There are 194 days left in the year.
1863 -- 150 years ago: The latest interpretation of the conscription law is said to be that $800 can be paid for an exemption, in which case the person will be eligible for call ina subsequent draft; or a substitute can be furnished. In the latter case, if the substitute isaccepted, the person he represents is exempted for that draft period.
1888 -- 125 years ago: A floral concert presented by Central Presbyterian Church womenattracted a large crowd yesterday.
1913 -- 100 years ago: Milton Reed, infielder on the Davenport baseball club, has beensold to the Philadelphia National league team.
1938 -- 75 years ago: The State Bank of Rock Island has doubled its capital structure,raising it to $1 million, according to Lewis B. Wilson, president of the bank.
1963 -- 50 years ago: The American Wind Symphony Orchestra will present two concertsin the Quad-Cities on Aug. 6, performing from its specially equipped stage-barge. Thebarge, which is traveling the Mississippi River route, will be moored just off the shore forthe concerts.
1988 -- 25 years ago: Fines for overdue items at the Rock Island Public Library are beingincreased to 10 cents per day per item effective July 1. Fines will not be prorated onbooks returned after that date.
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