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."
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.