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 Monday, Oct. 20, the 293rd day of 2014. There are 72 days left in the year.
1864 -- 150 years ago: The store of Devoe and Crampton was entered and robbed of about $500 worth of gold pens and pocket cutlery last night. 1889 -- 125 years ago: Michael Malloy was named president of the Tri-City Stone Cutters Union. 1914 -- 100 years ago: Dewitte C. Poole, former Moline newspaperman serving as vice consul general for the United States government in Paris, declared in a letter to friends that the once gay Paris is a city of sadness and desolation. 1939 -- 75 years ago: Plans for the construction of an $80,000 wholesale bakery at 2011 4th Ave. were announced by Harry and Nick Coin, of Rock Island. It is to be known as the Banquet Bakery. 1964 -- 50 years ago: An application has been filed for a state permit to organize a savings and loan association in Moline, it was announced. The applicants are Ben Butterworth, A.B. Lundahl, C. Richard Evans, John Harris, George Crampton and William Getz, all of Moline, Charles Roberts, Rock Island, and Charles Johnson, of Hampton. 1989 -- 25 years ago: Indian summer is quickly disappearing as temperatures slide into the 40s and 50s this week. Last week, highs were in the 80s.