"There is the possibility of the village creating a third TIF district to cover our costs, however I am not in favor of this because of the legal cost to set up the district and that the full benefits of any kind of economic development up there would not be fully available to our neighboring taxing bodies for the next 23 years," Jennings explained.
The 23 years he refers to is the length of time a TIF district is allowed to exist under Illinois law.
In other board action, trustees:
+ Heard from resident Mike Carpenter concerning flooding caused to his home from a water main break on Friday morning at the corner of Scott and Park Streets. The water main break caused water to flow down his driveway into his garage and ultimately flowing down into his basement. Carpenter said he ended up with 3 inches of muddy water in his garage and basement. Carpenter was seeking to recover his clean up costs and property damage through the village's insurance company. Jennings told Carpenter and the board that he had contacted the village's insurance company and that an adjuster had been assigned the case.
+ Approved the 2014 motor fuel tax budget as was presented by village engineer Lisa Lashuay. The village plans to spend $70,000 on street maintenance and repairs in 2014.
+ Trustees agreed to have Jennings begin gathering information on the possibility of implementing a zoning ordinance in the village.