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 29, the 210th day of 2014. There are 155 days left in the year.

1864 -- 150 years ago: Col. H.F. Sickless informs us that there will be new organization of troops in this state under the call for more men.
1889 -- 125 years ago: James Normoyle arrived home after graduating from West Point with honors in the class of 1889. He was to report to Fort Brady, Mich., as second lieutenant in the 23rd Infantry.
1914 -- 100 years ago: Austria Hungary declared war on Serbia. Germany and Austria refused an invitation of Sir Edward Grey to join Great Britain at a mediation conference.
1939 -- 75 years ago: Dr. William Mayo, the last of the three famous Mayo brother surgeons, died at the age of 78.
1964 -- 50 years ago: One of the biggest horse shows of the season was held yesterday at Hillandale Arena on Knoxville Road under the sponsorship of the Illowa Horsemen's Club.
1989 -- 25 years ago: Davenport is like a gigantic carnival this weekend with the Bix Arts Fest taking over 12 square blocks of the downtown area. A festive atmosphere prevailed Friday as thousands of people turned out to sample what the Arts Fest has to offer.








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