Sherrard may use TIF money to pay for Fyre Lake sewer work


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Posted Online: April 17, 2013, 9:26 pm
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By Cathy Decker, edecker@mchsi.com
SHERRARD — Mayor Terry Ayers told the village board this week that the Fyre Lake golf course has opened and a temporary health permit has been issued for sewer connection work, scheduled to be completed by April 30.

He said he met with Steve Saunders, a court-appointed intermediary between the Federal Deposit Insurance Corp. and the village, about opening a bank account to pay for road and water main work between the village and Fyre Lake. "He said he would get an account opened up for us this week," said Mr. Ayers.

The FDIC is involved because it ended up owning various parts of the development after the Country Bank of Aledo failed, in good part because of bad loans to Fyre Lake developers.

The village several years ago annexed a portion of Fyre Lake, including the housing development surrounding the golf course, and is responsible for a sewer lift station and some other costs, which it plans to pay with proceeds from a tax-increment-financing district that covers the area.

"We did take some responsibility of those lift stations," said Mr. Ayers. He estimated the cost to the village is close to $7,000. "We can use TIF money to reimburse the city," he added.

In other business, the board put the fiscal 2014 appropriations ordinance on second reading, with final adoption set for the May 13 meeting. The appropriations ordinance proposes spending $497,500, down from last year's $506,050.

The board also voted, after a long discussion, to repair the village-owned tractor rather than replace it. Cost of the repairs was estimated at $3,000.

The board learned that three fundraisers are scheduled in support of families which lost members in a March 27 fire in rural Sherrard.

The first, from 5:30-8 p.m. Friday, will be at Preemption Methodist Church. It is sponsored by Trailblazer 4-H Club and will feature walking tacos, hot dogs, a bake sale and and a silent auction.

Two will be held on Saturday, May 18, one at the Kickstand in Viola and one at the HyVee in Milan. The Kickstand events includes a barbeque pork meal, bake sale, poker run and silent auction, as well as live entertainment from 7 to 11 p.m

Hy-Vee also will offer a food fundraiser to benefit the three families who lost family members in the fire.

















 



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  Today is Tuesday, July 22, the 203rd day of 2014. There are 162 days left in the year.

1864 -- 150 years ago: Everybody is invited to go on a moonlight excursion next Monday evening on the steamer New Boston. The trip will be from Davenport to Muscatine and back.
1889 -- 125 years ago: The mayor and bridge committee let a contract to the Clinton Bridge company for a $1,125 iron bridge across Sears canal near Milan.
1914 -- 100 years ago: Injunction proceedings to compel the Central Association to keep a baseball team in Rock Island for the remainder of the season were contemplated by some of the Rock Island fans, but they decided to defer action.
1939 -- 75 years ago: The first of the new and more powerful diesel engines built for the Rock Island Lines for the proposed Chicago-Denver run, passed thru the Tri-Cities this morning.
1964 -- 50 years ago: The Rock Island Rescue Mission is negotiating for the purchase of the Prince Hall Masonic Home located at 37th Avenue and 5th Street, Rock Island.
1989 -- 25 years ago: Quad Cities Container Terminal is being lauded as a giant business boon that will save several days and hundreds of dollars on each goods shipment to the coasts. The Quad Cities Container Terminal is the final piece of the puzzle that opens up increase access to world markets, Robert Goldstein said.








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