Friday, December 14, 2012
Is it OK to hire your stepdad and then pass a nepotism policy? What about handing over nearly one million dollars without talking to those who might be affected by it later? These issues and more on this week's Patch Talk.
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Representatives from Homewood’s other taxing bodies appeared at the Dec. 11 meeting to ask the board to table a vote to spend nearly $1 million in economic development so a joint meeting could be held to discuss the decision.
Homewood trustees passed an agreement to provide $900,000 in TIF money for the development of a new downtown hotel, but not without considerable opposition from the village’s other taxing bodies. Their chief complaint? The village failed to give them a fair warning of such a large impending financial decision. READ: Planned Downtown Hotel Receives $900,000 from Village “Our school district was taken aback by the sudden emergence of the proposed financial assistance package for the downtown hotel project …” Shelly Marks, School District 153 Board President, said. In response, Marks presented the board with a list of questions compiled from her district, the H-F Park District, the Homewood Public Library and H-F High School District 233. She…
Thursday, December 13, 2012
"La Banque" Hotel in downtown Homewood is inching closer to reality as trustees commit financial backing to the project.
Homewood trustees voted Tuesday night to give $900,000 and a recommendation for Class 8 tax designation to Ravisloe Country Club owner Dr. Claude Gendreau, all for the development of a boutique downtown hotel. The two incentives are separate and distinct, Grandeau’s financial consultant Don Peelman said. The Class 8 is in response to anticipated high operating expenses, as are custom in the business, says Homewood Community Development Director Paula Wallrich. The designation will reduce his assessment to ten percent of market value for the first ten years, 15 percent in the 11th year and 20 on the last, with an opportunity to renew. Not having a Class 8 is one of the contributing factors in the decline of the former Homewood Hotel, …