By Charles Feldman, Reporter
The Glen Carbon Village Board has hired a consultant to help with potential changes that could affect the residents of tomorrow.
Moran Economic Development, LLC will explore the possibilities of redrawing the village’s boundary within the Madison County Discovery Enterprise Zone and into the creation of a potential Special Services Area to pay for improvements on Illinois Route 157.
The agency specializes in establishing and administrating Tax Increment Financing districts and comprehensive plans, among other things. Agreements with Moran were approved at the board’s Tuesday, August 13 meeting.
The enterprise zone, one of four in Madison County that offer special tax incentives to attract businesses to the area, includes the village of Glen Carbon, Troy, Collinsville, Maryville, St. Jacob, Highland and parts of unincorporated Madison County and is watched over by the state.
According to the rules, whenever one municipality wishes to make any changes – in this case, Collinsville wants to change the language in its ordinance and expand its boundaries – all municipalities have to approve them.
This provides a perfect opportunity for the village of Glen Carbon to take a look at its own border, according to Mayor Rob Jackstadt, “to see if it would include other properties to jumpstart the development there.”
Glen Carbon could drop two parcels west of the village in favor of the more centrally located Foucek Property (54 acres) and Capital Land Property (72 acres). Moran will look into the possibilities of doing this. No action is required by the board until after a public hearing is held. Then it would still need to get the approval of the state and of the other municipalities in the enterprise zone.
Agency president Keith Moran explained the process to the board members.
A service agreement for the work in the amount of $5,600 was approved by the board.
Moran has also entered into a technical services agreement in the amount of $4,750 with the village for assistance in a potential SSA to fund improvements on Illinois 157.
“This special service district is similar, in a sense, like we did in Cottonwood,” Jackstadt said. “But this is involving business locations.”
The village had authorized TWM, Inc. to design improvements at the intersection of Illinois Route 157 and Heritage Crossing Drive, including the entrance to Glenwood Estates. But the business district is not providing enough revenue to fund them (the estimated cost is $2 million) at a cost of $25,000 annually.
Moran will assist in the possible development of an SSA to fund the improvements, particularly traffic signalage at the intersection of 157 and Game Drive.
Once given the results of their work, which includes identifying the owners of the parcels of land, drawing a map and creating several funding plans, the board, if it feels that the SSA is possible, can decide whether to go through the SSA application process.