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Quincy City Council asks IL Gen Assembly to extend District TIF

Quincy City Council asks IL Gen Assembly to extend District TIF

11 months ago by Scott Hardy

If approved, would continue to 2035

The Quincy City Council has voted to ask the Illinois General Assembly to extend the term of a downtown taxing district by over 10 years. Scott Hardy has more.  

(  Audio  1:43  )  

The Council voted to approve a resolution asking the General Assembly to extend the Central Business District West Tax Increment Financing project to 2035. The Quincy School Board has already approved a similar resolution, and the Adams County Board, Quincy Park District and John Wood Community College will all take similar votes in the next two weeks. That TIF generates about $450,000 a year, and City Planning and Development Director Chuck Bevelheimer says he wants to see it grow.  

( Chuck Bevelheimer :40 )  

The General Assembly's expected to take the matter up in their fall veto session. The City Council approved a resolution to allocate $150,000 in TIF money to renovate six upper-floor rental units. It's part of a city program that aids developers who pledge to turn un-used or under-used upper floor space into market-rate apartments.

The Council also approved a nearly $5 million bid from a St. Louis company to start on the first phase of improvements to the Waste Water Treatment Plant. They also approved a $768,000 bid to reconstruct Hampshire Street from 12th to 14th Streets. The work would include new water mains, storm sewers, re-surfacing, curbs and gutters.

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