Gibson City OKs annexation agreement with golf course
GIBSON CITY — Council members expect to increase the city's future footprint for expansion by approving an annexation agreement with Railside Golf Course.
The agreement means all 196 acres of the facility will be within the city limits, not just the approximately 11-acre section for the clubhouse and parking area that is already within city limits.
As an inducement for the annexation, the agreement offers a 10-year abatement of city property taxes. The abatement will be for 100 percent for each of the first five years and then a graduated abatement for the remaining five years.
Council members previously estimated the value of full abatement to be approximately $1,500 per year.
Alderman John Carlson said this agreement is identical to a past abatement given to the former Toll Manufacturing.
Council members agreed there is no need for the annexation agreement to go through the zoning commission, since the property will remain designated for agricultural use.
City Attorney Marc Miller said the new owners have agreed to the annexation terms and he expected the document to be signed during the property closing on Friday.