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 Thursday, April 17, the 107th day of 2014. There are 258 days left in the year.
1864 -- 150 years ago: Journeymen shoemakers of Rock Island struck for higher wages yesterday morning, asking 25 percent increases. Employers have acceded to their demand. 1889 -- 125 years ago: Lighting struck wires of the Merchants Electric Light Co. during a furious storm, and many Rock Island business houses were compelled to resort to gas as a means of illumination. 1914 -- 100 years ago: Members of the First Church of Christ, Scientist, decided to erect a new edifice at a cost of about $60,000. 1939 -- 75 years ago: Willard Anderson, junior forward for the Augustana College basketball team, which won 17 out of 22 contests, was elected captain of the quintet. 1964 -- 50 years ago: John Hoffman, Moline, president of the Sac-Fox Council of Boy Scouts, will be honored for his 50 years in scouting by members of the council at a dinner Thursday evening. 1989 -- 25 years ago: The Quad-Cities has what is believed to be the area's first elite-class gymnast. It's the stuff upon which Olympic competitors are made. Tiffany Chapman, of Rock Island, not only has earned the highest possible gymnast ranking, she won the honor at age 11.