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home : local news : local news August 26, 2016

9/6/2013 1:30:00 PM
Oblong board approves loan for new grocery, TIF-district payments
By TOM COMPTON
Daily News

Oblong village trustees gave some support to local businesses Wednesday night.

The Oblong Village Board approved a $23,000 loan from the revolving loan fund to Chris and Kim Reeves of Reeves Kids Investments to help them get the village's new grocery store up and running. The Reeveses are re-opening the former Oblong IGA as the Oblong Marketplace.

They received a $42,900, 15-year loan from the county to help pay for equipment and renovations in August.

Mayor Randy Rich said he has been in contact with Reeves and they hope to be open Sept. 20. The village loan is for five years.

Also at the meeting, the board approved back payments in the amount of $44,216.93 from TIF District II to Dollar General Stores. The payment covers two years, and will come out of TIF District I and will be repaid over time from District II.

Rich explained that while all of the papers were filed with the courthouse when the district was established two years ago, they were not filed with the office where the tax money would be properly divided for distribution. Rich said no money was lost, it was just not properly separated.

A TIF district is an economic-development tool that works by basically "capturing" any increase in the tax base within the district and diverting it to a special fund that can be used for improvements.

The board also approved a $138,375 payment for the Range Street project. Rich said this payment should cover most of the construction cost of the project.

The board appropriated $1,254,020 and approved a tax levy of $117,400. The appropriation reflects what the village expects to spend over the next year plus a small overage for expenses. Rich said the levy is under the five percent increase and a Truth in Taxation hearing is not required.

In other business, the board approved use of the four-way stop by the Shriners on Sept. 14 for their annual paper drive. Also approved was use the park for the Oldies in the Park from 5 to 9:30 p.m. Saturday, Sept. 14. This is the 13th year for Oldies in the Park.

The Oblong Community Club received permission for use of village electricity for rope lights along the roof tops of downtown businesses during the Christmas holiday season. The club must have permission from building owner before putting up the lights.

It was reported that Mediacom will be making some programming changes in the near future, and that Police Chief Chad Pusey will be participating in a job shadowing project with the high school. Pusey said the job shadowing would be during the daytime hours and only with him.

Oiling and chipping roadways in the village is expected to get underway Monday, said Utility Supervisor Gary Lanter. He also received permission to get cost estimates on addressing the weed problem in the city park lake.

Permission was also given for the Wabash Valley Mobile Veterinary Clinic to park on village property one or two days a month.

In his monthly report, Pusey said his department issued 16 citations and gave 20 verbal warnings. They had eight offences reported and had 90 calls for service.

The next scheduled meeting will be Wednesday, Oct. 2.





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