Moline to consider TIF district proposals


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Originally Posted Online: Nov. 12, 2012, 9:15 pm
Last Updated: Nov. 12, 2012, 11:54 pm
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By Dawn Neuses, dneuses@qconline.com

The Moline City Council will hear the first reading of ordinances creating two new tax-increment-finance districts at tonight's city council meeting.

The city is proposing a TIF district for SouthPark Mall and another for 42 acres at U.S. 6 and U.S. 150, near the Coal Valley border.

When a TIF is formed, the assessed land value is frozen and any tax revenue generated by new development goes into a tax fund to be used on improvements within the district or on rebates to developers.

Taxing bodies continue to receive property taxes based on the assessed land value before the TIF was created, until the TIF expires. A TIF can last 23 years and be extended another 12 years with the approval of state legislators.

The council also will hear a first reading on the proposed $14.6 million tax levy which, if approved later this month, would be the same as last year.

The TIF ordinances and tax levy are expected to be voted on by the city council on Nov. 27.

The city council is expected to vote on a one-year contract extension for city administrator Lew Steinbrecher that includes a 4 percent salary hike. Mr. Steinbrecher's base salary would be $148,174, and the city would contribute $602.79 to his retirement account every pay period, or $15,672 a year, for a total of $163,846.

Under his last contract, Mr. Steinbrecher's total salary and retirement contribution was $157,544.In 2011, he received a 2.2 percent raise.

The contract would be retroactive to Oct. 25. The new contract would expire Nov. 30, 2013.

Employees in the four city unions and nonunion employees received no general wage increase this year. However, all city employees except Mr. Steinbrecher were eligible for a 2.5 percent anniversary wage increase or a lump-sum payment.

The city council meeting starts at 6:30 p.m. on the second floor of city hall, 619 16th St. The city council meeting immediately follows.Agendas are available at city hall or moline.il.is.



















 



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  Today is Wednesday, Oct. 1, the 274th day of 2014. There are 91 days left in the year.

1864 -- 150 years ago: It is rumored in the streets that the 13 negroes sent to Quincy on the Moline quota were refused. We think this must be a mistake.
1889 -- 125 years ago: Harvey McKenna, of Detroit, billiard player matched to play Wizard Schafer in New York in January for the world championship, was a professional friend and manager, Billy Catton in Rock Island.
1914 -- 100 years ago: Levi Cralle, former Rock Island county sheriff, had come from his farm near Mitchell, S.D. to visit friends in the city.
1939 -- 75 years ago: Work is being rushed on the new high school building in Orion to replace the one destroyed by fire last winter. Classes are being held in churches.
1964 -- 50 years ago: Rehearsals for the 84th season of the Handel Oratorio Society chorus will begin at 7:30 p.m. Monday on the stage of Centennial Hall, Augustana College.
1989 -- 25 years ago: The Rock Island City Council's plan announced this week to have the federal government vacate Valley Homes public housing and move residents to Arsenal Courts to reduce density may not be feasible.






(More History)