Village to give Tolono Park District $200,000 from tax-increment district
TOLONO — The park district is getting a boost from the village to develop the new East Side Park.
Village board trustees have signed off on an agreement to give the park district $208,693.39 from its tax increment financing district revenues.
About 12 years ago, the park district bought the former Unity Junior High School property at the corner of Walnut and Central streets and has been planning to develop a park there since. The park district is receiving about $400,000, half the cost of construction, from an Illinois Department of Natural Resources Open Space Lands Acquisition and Development grant and is responsible for the other half.
Tolono Park District President Randy Grace said park board members were planning to advertise for bids on a parking lot and a pavilion with a concession stand in January or February and needed to know whether they would have to issue bonds.
Trustee Mike Golish voted in favor of the agreement but expressed some concerns after a discussion earlier in the meeting about problems with a storm sewer under the Canadian National railroad tracks.
"Before we start giving money to other agencies I want to make sure we have our sewer problems solved," Golish said.
Golish reiterated an opinion he has previously expressed that tax-increment money should be spent on projects that create a tax base.