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 Monday, Sept. 1, the 244th day of 2014. There are 121 days left in the year.

1864 -- 150 years ago: We are informed by J.H. Hull that the reason the street sprinkler was not at work yesterday settling the dust on the streets, was because one of his horses was injured.
1889 -- 125 years ago: Bonnie McGregor, a fleet-footed stallion owned by S.W. Wheelock of this community, covered himself with glory at Lexington, Ky, when he ran a mile in 2:13 1/2. The horse's value was estimated as at least $50,000.
1914 -- 100 years ago: Troops are pouring into Paris to prepare for defense of the city. The German army is reported to be only 60 miles from the capital of France.
1939 -- 75 years ago: The German army has invaded Poland in undeclared warfare. Poland has appealed to Great Britain and France for aid.
1964 -- 50 years ago: Publication of a plant newspaper, the Farmall Works News, has been launched at the Rock Island IHC factory and replaces a managerial newsletter.
1989 -- 25 years ago: Officials predict Monday's Rock Island Labor Parade will be the biggest and best ever. Last minute work continues on floats and costumes for the parade, which steps off a 9:30 a.m.




(More History)