Business

Bank's parent company delays shareholders' meeting

CHAMPAIGN – Central Illinois Bank's parent company notified shareholders Monday that it won't be able to hold an annual shareholders' meeting until at least April.

In a letter to shareholders, CIB Marine Bancshares President John P. Hickey Jr. said the company previously stated it would hold the meeting in "early 2008." But he said he doesn't expect several quarterly reports from 2003 and 2007 – or the audit of financial statements for 2007 – to be ready until late in the first quarter of 2008.


Ogden moves to attract Dollar General store

OGDEN – Village board members in Ogden are investigating ways the town could attract a Dollar General store.

Board members are considering giving back some of the tax money the village would ordinarily collect from the store. In exchange, they hope the $850,000 store project would raise the overall value of property in the neighborhood and attract other businesses to town that may end up paying full taxes.


Champaign's sidewalk-shoveling rule kicking in

CHAMPAIGN – Downtown business owners and campus landlords, it's time to start shoveling sidewalks. But you have until 6 a.m. Wednesday to finish the job.

Thursday night's 2 inches of snow triggered the city's new mandatory sidewalk snow-shoveling ordinance for the downtown and Campustown areas. On Friday afternoon, city Public Works Director Dennis Schmidt declared that the snow and ice removal requirement was in effect.


Owners of restaurant branch out to Mahomet

MAHOMET – With nearly 30 years of experience in the restaurant business, Alex and Donna Garduno decided to open their second restaurant, this one in Mahomet.

The Mahomet Square Family Restaurant opened Nov. 26 in the former location of Esmeralda's at 804 Eastwood Center.


Ameren says area poses no danger; '09 cleanup likely

CHAMPAIGN – Ameren and state environmental officials say they do not believe the site of an old coal gasification plant at Fifth and Hill streets poses any immediate health threat to neighbors.

They also say that Ameren is well into the planning stages for a multimillion-dollar excavation and cleanup of the site, which Ameren expects to take place in 2009.


Wolfram Research accepting toy donations

CHAMPAIGN – Friday is the drop-off day at Wolfram Research for the Marine Toys for Tots program.

Donors can come through a covered area near Neil Street and Kirby Avenue, between the Trade Center and Hawthorn Suites, to drop off a gift or check and get a doughnut, according to Marcus Wynne, public relations director at Wolfram.


West Newell landowner exploring development options

DANVILLE – A local developer says he still has plans for the property he owns on the northwest corner of West Newell Road and Bowman Avenue.

"Right now, we're exploring our options," said Paul Offutt of Security Ventures Inc. "We're still going to go forward with it."


Panel to weigh permit, discuss requests for conditional OK

DANVILLE – The Danville Area Planning and Zoning Commission will consider a special use permit by Mennenga Construction to convert a single-family house at 1209 E. Fairchild St. to a two-family house.

The commission is also scheduled to have a general discussion on commission requests for conditional approval.


Courtesy Ford owner picks up local Dodge franchise

DANVILLE – The owner of Courtesy Ford Lincoln Mercury is taking over the local Dodge franchise and wants to expand his business.

J.R. Fregia, the sole owner of Courtesy, 231 W. Main St., Danville, said he had been negotiating with Chrysler officials for quite a while.


Area rallies in support of FutureGen

ARCOLA – In most parts of the world, children aren't happy to receive a lump of coal from Santa Claus.

That's not the case in Douglas and Coles counties, where children gleefully accepted lumps of coal from Santa Claus on Sunday as part of a FutureGen for Illinois rally at Arcola High School.


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