Coal Valley trustees deny request for TIF extension


Share
Originally Posted Online: Dec. 05, 2012, 10:29 pm
Last Updated: Dec. 05, 2012, 11:24 pm
Comment on this story | Print this story | Email this story
By Sarah Hayden, shayden@qconline.com

COAL VALLEY -- An unnamed retail developer has asked the village to extend its tax-increment-financing district from 23 to 35 years.

Meeting as the committee of the whole, village trustees on Wednesday noted the TIF district is in its sixth year. Trustees said they saw no reason to extend it because of its young age.

The village will continue to seek sealed bids for the TIF area from other developers.

Trustees also reported 50 residents have not scheduled appointments to have new water meters installed. Residents have been sent notices stating their water service will be terminated if an appointment is not scheduled.

Village administrator Alan Wilson said residents should be prepared to see higher bills. The new meters are extremely efficient, he said, with major differences reported at some homes.

Trustees also held a second and final reading of a proposed ordinance to raise property taxes by 2 percent. The new tax levy will be $305,183, an increase of $10,073 from the 2012 tax levy of $295,110.

The increase will add $2.37 per $100,000 of assessed property value, with the levy amounting to $120.73 per $100,000.

Mr. Wilson said a $13,000 increase in the village's obligations to the Illinois Municipal Retirement Fund is a primary reason for the increase.

Trustees advanced the ordinance to the village board meeting for approval, with Mark Saelens voting against it. Mr. Saelens said he thinks the increase is not necessary.

"Not everyone is getting a 2 percent raise with their jobs," he said. "The county tax is going up. Coal Valley is going up. It's just the nickel and diming, and it's got to stop somewhere."

















 




Local events heading








  Today is Monday, Sept. 1, the 244th day of 2014. There are 121 days left in the year.

1864 -- 150 years ago: We are informed by J.H. Hull that the reason the street sprinkler was not at work yesterday settling the dust on the streets, was because one of his horses was injured.
1889 -- 125 years ago: Bonnie McGregor, a fleet-footed stallion owned by S.W. Wheelock of this community, covered himself with glory at Lexington, Ky, when he ran a mile in 2:13 1/2. The horse's value was estimated as at least $50,000.
1914 -- 100 years ago: Troops are pouring into Paris to prepare for defense of the city. The German army is reported to be only 60 miles from the capital of France.
1939 -- 75 years ago: The German army has invaded Poland in undeclared warfare. Poland has appealed to Great Britain and France for aid.
1964 -- 50 years ago: Publication of a plant newspaper, the Farmall Works News, has been launched at the Rock Island IHC factory and replaces a managerial newsletter.
1989 -- 25 years ago: Officials predict Monday's Rock Island Labor Parade will be the biggest and best ever. Last minute work continues on floats and costumes for the parade, which steps off a 9:30 a.m.




(More History)