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


Share
Posted Online: April 17, 2013, 9:26 pm
Comment on this story | Print this story | Email this story
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.

















 



Local events heading








  Today is Thursday, Aug. 21, the 233rd day of 2014. There are 132 days left in the year.

1864 -- 150 years ago: Sheriff McLaughlin had the misfortune to dislocate his right shoulder some days ago when his carriage upset. He is now able to walk about but has a very sore shoulder.
1889 -- 125 years ago: A kindergarten was started in the downtown district of Rock Island with the Misses Dodie Hawes and Grace Knowlton as teachers.
1914 -- 100 years ago: Pope Pius X died in Rome.
1939 -- 75 years ago: Rock Island's new theater was named Esquire.
1964 -- 50 years ago: The J.I. Case Co. plant in Bettendorf will add from 150 to 200 employees by Jan. 1 a spokesman for the company said today. The Bettendorf Works today had a payroll of 1,350, but an increased production schedule will require additional people.
1989 -- 25 years ago: The Illowa Council Boy Scouts of America reached and passed its campaign goal in a drive that began 14 months ago by raising more than $2.2 million for the expansion of Loud Thunder Reservation near Andalusia.






(More History)