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Orchard Town Center Business District Gets Go-Ahead From Glen Carbon Board

By Charlie Feldman

cfeldman@timestribunenews.com

The long-planned Orchard Town Center Business District became reality at the Tuesday, August 24 Glen Carbon Village Board meeting.

Four ordinances were passed that evening to make it so. One approving the TIF Redevelopment Plan and Project, one designating Orchard Park a TIF project area, one approving TIF financing and one establishing the business district, approving the plan, giving permission to impose and collect sales tax and approving certain actions in connection with establishing the district.

This will allow the village to enter into a TIF Redevelopment Agreement with the developer.

“That’ll set the type of financing the developer has,” said Village Administrator Jamie Bowden.

If they fail to reach an appropriate agreement the village can simply dissolve the TIF and Business District programs at a future board meeting.

In other action the board approved:

  • an ordinance giving the mayor authority to execute the documents necessary to begin the first of two allocations from the  Coronavirus Local Fiscal Recovery Fund that the village anticipates receiving within the next 30 days. The second is expected to be received about this time next year, officials say. There are five project categories, one of which is infrastructure related – water, sewer, broadband, etc.  – and another related to businesses. The funds don’t have to be spent until 2024, giving the village time to make decisions.
  • an ordinance to amend the ordinance to adopt the budget for the current fiscal year. The mid-year review led to amendments transferring excess money from the General Fund into the Capital Improvements Fund, salary increases relating to three labor contracts passed last spring software investments previously authorized by the Village Board and the creation of the American Rescue Plan Act Fund to store the money allocated to the village from the Coronavirus Local Fiscal Recovery Fund.
  • a resolution to close the Schon Park Improvement Fund with the Edwardsville Community Foundation. Established in 2013 as part of fundraising for Phase I of the project, the amount that the village is currently paying to keep the account open is greater than the earnings. The money will stay dedicated to Schon Park. The fund will be managed by the village, not the ECF.

The next village board meeting will be held on Tuesday, September 10 at 7 p.m. at Village Hall.

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