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, July 24, the 205th day of 2014. There are 160 days left in the year.
1864 -- 150 years ago: The Rev. R.J. Humphrey, once a clergyman in this city, was reported killed in a quarrel in New Orleans. 1889 -- 125 years ago: The Rock Island Citizens Improvement Association held a special meeting to consider the proposition of consolidating Rock Island and Moline. 1914 -- 100 years ago: The home of A. Freeman, 806 3rd Ave., was entered by a burglar while a circus parade was in progress and about $100 worth of jewelry and $5 in cash were taken. 1939 -- 75 years ago: The million dollar dredge, Rock Island, of the Rock Island district of United States engineers will be in this area this week to deepen the channel at the site of the new Rock Island-Davenport bridge. 1964 -- 50 years ago: The Argus "walked" to a 13-0 victory over American Container Corporation last night to clinch the championship of Rock Island's A Softball League at Northwest Douglas Park. 1989 -- 25 years ago: The Immediate Care Center emergency medical office at South Park Mall is moving back to United Medical Center on Sept. 1. After nearly six years in operation at the mall, Care Center employees are upset by UMC's decision. The center is used by 700 to 800 people each month.