By SAMANTHA PIDDE
Members of the Mount Carroll community will have a chance to voice opinions later this month on the proposed creation of a Business Development District (BDD).
A public hearing is set for 7 p.m. Thursday, March 24 at City Hall to receive public comment on the creation of a BDD at a tax rate yet to be decided.
Sharon Pepin of Community Funding and Planning Services in Stockton presented the BDD public hearing ordinance package to the Mount Carroll City Council at its Tuesday, Feb. 23 meeting.
Based on her last discussion with the council, Pepin reported that she adjusted the boundary map for the BDD, adding four areas not in the original plan.
The proposed BDD will encompass: Downtown parcels on both sides of Market Street; parcels generally on the west side of Main Street, from Market to Benton streets; parcels on both sides of Clay Street, from Benton to Broadway streets; parcels on the south side of Broadway Street, between College and Madison streets and on both sides of Madison Street, between Benton and Broadway streets. Also included will be parcels on the east side of Clay Street, from Seminary Street to the railroad tracks; parcels east of Jackson Street, on generally both sides of U.S. 52/Illinois 64 to the east end of the city's corporate limits; and parcels west of Clay Street, on generally both sides of U.S. 52/Illinois 64 to the west end of the city's corporate limits.
Pepin said the proposed district will go down Mam Street, instead of Clay Street in some areas to better include businesses, such as the old school building, which has been purchased for the creation of the Reagan International Academy. A map of the proposed district is available for viewing at city hall.
A public notice and the official legal description of the proposed district will be published in the March 2 and March 9 editions of the Carroll County Mirror-Democrat.
The city's purpose for creating a BDD is to generate revenue to help with development and city infrastructure projects through a special tax. Ald. Doug Bergren introduced the idea months ago due to upcoming bridge replacement and sewer treatment plant replacement projects. A portion of BDD funds could be used for such projects, which benefit BDD as well as the city as a whole. With Ald. Bergren suggesting one-half percent and Ald. Mike Risko looking at one percent, the council has not yet agreed on what the tax will be for the district. Bergren has reported that Mayor Carl Bates is considering three-fourths percent.
Discussion on this matter will continue at the March 8 council meeting. At that time, the council is expected know the percentage for the BDD tax. A special city council meeting will be held directly after the public hearing to adopt the ordinance for the BDD. The BDD documentation must be submitted to the Illinois Department of Revenue by April 1.
Get Acrobat Reader to see our Public Announcement and BDD Map.