With the Godfrey TIF and a Business District now about six months old, village leaders are looking for ways to make the districts come alive. The desire is to create a pool of funds to embark on infrastructure repairs and do some business development recruiting. The plan is pursue a bonding issue and to use a portion of the cash flow each year to put toward retiring the bonds.
Tom Long, Chairman of the Economic Planning and Development Committee, says they are looking at bonding because rates are very favorable right now.
He says the TIF and Business Districts give the village the tools it needs to attract more business to the 255 area. The committee will meet next Tuesday at 6:30pm to discuss the possibility. No formal action has been taken on the idea.