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, Sept 2, the 245th day of 2014. There are 120 days left in the year.

1864 — 150 years ago: It is estimated that 300,000 people attended the recent Democratic convention in Chicago when Gen. George B. McClellan of New Jersey was nominated as a candidate for president of the United States.
1889 — 125 years ago: Alderman Frank Ill, Winslow Howard and Captain J.M. Montgomery returned from Milwaukee, where they attended the national Grand Army of the Republic encampment.
1914 — 100 years ago: Three members of the Rock Island YMCA accepted positions as physical directors of other associations. Albert Cook went to Kewanee, C.D. Curtis to Canton and Willis Woods to Leavenworth, Kan.
1939 — 75 years ago: Former President Herbert Hoover appealed for national support of President F.D. Roosevelt and Congress in every effort to keep the United States out of war.
1964 — 50 years ago: The Rock Island Junior chamber pf Commerce has received answers to about 65 % of the 600 questionnaires mailed out recently in a "Community Attitude Survey" to analyze sentiments of citizens towards their city's various recreational, educational, and civic service programs.
1989 — 25 years ago: The two thunderstorms passing through the Quad Cities last night and early today left some area residents reaching for their flashlights.






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