GIBSON CITY — Construction of a 46-unit assisted living facility northeast of Gibson City-Melvin-Sibley Middle School could begin by July 15 if all goes smoothly for developers.
Joe Warner of Rantoul announced at Monday night's meeting of the council-appointed assisted-living committee that his partnership has signed a contract Monday for purchase of 8 acres in the Railside Estates development. He expects the current owner, Bill Brady of Bloomington, to sign the contract quickly.
Warner said the only contingency in the contract is for the partnership to receive the same tax increment financing-based rebate of property taxes that was granted to Brady's Pinehurst Development. That means about 75 percent of taxes generated by the project would be rebated to the developer and 25 percent would go to GCMS schools.
Warner also would like the city to extend the expiration of TIF 2, if possible. Mayor Dan Dickey said any extension will have to be investigated for feasibility before he can bring it before the city council.
Warner's partners include his brother Gene (Gerald) Warner of Rantoul and builder Reggie Phillips, owner of Unique Homes of Charleston.
Although the committee has heard from two interested developers at its previous two meetings, Chairman Chuck Aubry said the committee's role is advisory only and will not make the actual selection of a developer.
He added that this group's announcement would make it unlikely that the developers of Autumn Fields in Hoopeston would still be interested in a Gibson City location.