Proposed contract changes get mixed reaction in Homer

HOMER – Mayor David Lucas' recommendation that village trustees restructure the tax increment funding contract with developers of the proposed Heritage Ranch subdivision has received a mixed reaction from trustees.

The proposed changes to the contract would increase the total possible reimbursement to $687,000. The original redevelopment contract, approved last February, was for a maximum of $600,000. Lucas' proposal would also change the reimbursement schedule to a sliding scale, giving Gordon Highlander-LLC a greater proportion of TIF dollars earned on the development in the first years of property sales.

Also on this date

• Car-sharing business gets green light in C-U, Campustown
• Danville intersection to switch signals Thursday
• Paxton-area residents without power Wednesday night
• American Eagle to offer Dallas flights from Bloomington
• Gibson City OKs ordinance changes, increased fees
• Carle Foundation Hospital gets go-ahead to build addition
• Ford County hires zoning enforcement officer
• Champaign police call turns out to be teens with air guns
• Fisher, developer near deal on streets for subdivision
• Obituaries

» More