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Bureau County Republican Newspaper Archives Mar 14 2015, Page 4

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Bureau County Republican (Newspaper) - March 14, 2015, Princeton, New Jersey4 a saturday March 14, 2015 Bureau county Republican a business District Public forum discussion on the proposed business District will be included on the Princeton City Council Agenda at the next two meetings. The meetings will be at 7 . Monday March 16, and monday March 30, on the second floor of City Hail. Illinois state police release february activity report Hunt from Page 1 she said the business District is a City initiative and will offer great benefits to Princeton. The proposed business District would involve a geographical area on the West Side of main Street from interstate 80 to Backbone Road. Businesses in this District would have a 1 percent increase to their sales tax. The Revenue from this increase would be placed in a fund which could then be directed toward improvements to the area. After the initial withdrawal from the fund is utilized by Central realty for the building mentioned previously any business would be Able to Access the fund. Discussion on the proposed business District is expected to be included on the Princeton City Council Agenda at the next two regular meetings. Following Are Basic questions regarding the business District the bar posed to Hunt. Bar what is a business District Hunt a defined geographic area that meets certain statutory criteria allowing the City to collect a 1 percent sales tax for purposes of redevelopment. Bar Why Are they beneficial Hunt it attracts improves and stimulates Commerce in an area that would otherwise stay stagnant. Bar Why is a business District necessary Here in Princeton Hunt it will allow us to be More competitive in the recruitment of new retailers in an area that has been vacant for Many years. Bar How common Are business districts and what have they done for their communities Hunt the concept is common and being used More readily today. A great example of a successful business District Bass pro shop and the target redevelopment area in East Peoria. The monies from the extra sales tax has greatly improved the area and has enhanced sales tax Revenue across the Board by bringing More shoppers. Bar Why Are incentives for growth important and what will they do for Princeton Hunt incentives make us attractive for investment and help us to become More competitive in today a Economy. We need to find a Way to increase Revenue. Our property tax valuations Are going Down and the Cost of providing services is increasing. Bar Why is growth a current necessity for Princeton Hunt we need to provide More economic Opportunity for the people that live Here and attract new families to the Community. Bar How can bringing in Competition be a Benefit for local businesses As Well As Consumers Hunt Competition Breeds innovation creativity. Broadens skill sets in the work Force and improves our chances for regional growth and provides More choices for the consumer. Bar what businesses have agreed to the District so far and which ones have not Hunt we have spoken to the businesses that have sales tax responsibilities and a number of questions have been asked. The two locally owned businesses Are in full support of the District. The others with out of town management teams Are still researching the details. Bar Wiere would the Money generated by the business District be directed Hunt in its own fund with the City to be used within the approved District. Bar about How Long would it take to generate enough Money to improve the District Hunt this will be determined by the requests. Bar what sort of improvements could be made and How could they Benefit the Overall District As Well As the Princeton Community Hunt cosmetic structural and infrastructure projects could be made. The redevelopment dollars will be spent on projects that will Spur a More inviting image for residents and visitors alike a drawing More Consumers to the area. Bar what is the difference in sales tax Between the proposed business District Princeton and other surrounding communities Hunt Structure of sales tax Princeton a rate is 7.25 percent Peru has a tax rate of 7.5 percent Geneseo is 7.75 percent. Bar where is the proposed business District at in its preparations Hunt it is in the Legal preparation stage awaiting approval by ordinance. Bar Why must All the preparations for the District be made before March 31? Hunt the state statute requires if we want to collect the extra tax on july 1, we must have the request in by March 31. Bar what businesses Are most Likely to be attracted to the buildings and thrive in Princeton Hunt we would like to attract retailers that provide a service or product that is lacking in Princeton. Bar what would you like the people of Princeton to know concerning the business District Hunt its an Opportunity to redevelop a repressed area increase our sales tax base help our assessed valuations and provide jobs. Bar what opportunities will the Public have to voice their opinion and concerns involving the proposed business District Hunt the open meetings Are on March 16 or March 30 at 7 . In City Hall. Bar if the business District comes to fruition then How will that affect taxpayers Hunt it should increase City revenues which takes pressure off rising property taxes. Bar any additional comments Hunt the District is a great Opportunity to participate on a larger economic scale with the least amount of Impact to the taxpaying Public. Comment on this Story at wow. A Crews. Com. Lasalle a Illinois state police District 17 announced during the month of february troopers handled 802 Calls for service and assistance. Of these Calls 341 were to help motorists whose vehicles were disabled on area highways. Criminal activities during the month included eight people apprehended for criminal offences. Traffic enforcement activities resulted in 126 Drivers arrested for speeding and 21 cited for seat acc from Page 1 of i Vcci a Resolution. At Issue is whether Marquis building fell under the Resolution. At stake is $1.4 million in tax Revenue throughout the course of 10 years according to the prior bar Story. The $1.4 million estimate is based off an appraisal of Marquis Energy performed by Mark Pomykacz of Federal appraising amp consulting of Whitehouse station . Pomykacz gave an appraisal of almost $140 million to Ivcic a figure Putnam county supervisor of assessments t Amara Mehalic said is inaccurate. A no separation was made Between the business and the property Quot Mehalic said. A the used an income approach to arrive at his figure but that does no to apply Here. There a no tenant and no landlord Mehalic said that has a definite Impact on the income Ivcic could Belt violations. Driving under the influence arrests totalled five. Troopers issued a total of 235 traffic citations and 252 written warnings to motorists during the month. Troopers completed 78 motor Carrier inspections on second division motor vehicles. District 17 troopers handled 62 traffic crashes within the three county area of Lasalle Bureau and Putnam. There were no fatalities due to motor vehicle crashes in District 17. Attain. The current county appraisal for Marquis is approximately $28 million. A i acc has expended More Money than it can get Back a a Mehalic said referring to the Money Ivcic has spent fighting this lawsuit compared to what she believes the Correct assessment is. Pomykacz said he did not visit the Marquis Energy site before submitting his appraisal and said that was common practice. A Illinois does not require a company to allow an appraiser on the grounds a Pomykacz said. Quot in be done several appraisals this the Illinois department of financial and professional regulation held a hearing on Pomykacz a appraisal and the methods he used to Complete his study. According to hearing documents the department alleges several instances of omissions and misstatements in his appraisal. A decision on Pomykacz and possibility of disciplinary action is expected this week. The Bureau county Republican is located at 800 Ace Road. Princeton Illinois 61356. Office hours Are monday through Friday 8 . To 5 . Phone 815-875-4461 a fax 815-875-1235 the Bureau county Republican Assn 0894-1181 is published Tri weekly three times a week by the Bureau county Republican 800 Ace Road. . Box 340, Princeton in 61356-0340. Periodical postage paid at Princeton Illinois 61356. Postmaster Send address changes to Bureau county Republican p0 Box 340, Princeton in 61356-0340.clarifications/corrections accuracy is important to us. And we want to Correct mistakes promptly. If you believe a factual error has been made Call the Bureau county Republican at 815-875-4461.spring clean up at Forest Hill cemetery in Wyanet will be monday March 23rd. All items will be removed. Items you wish to keep must be removed by Sunset on sunday March 22nd. Please Call the Village of Wyanet at 815-699-2631 if you have any questions. Oglesby senior apartments an affordable senior living Community 50 Beautiful single Story one bedroom apartments designed exclusively for senior citizens. Monthly rent Only $305.00 excludes Gas amp electricity toll free 1-888-Stolgh i or 1-630-789-8939 a lev waiting list is now open huge Winter garage Sale sat., March 14, 2015 811 w. Peru st., Princeton in 8 00 am to 2 00 pm under new management Concession stand available for info amp Booth space Call 815-303-2905

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