RANTOUL — A building that held a Rantoul manufacturing plant that was heavily damaged by fire earlier this year will be torn down.
The Arrow EDM structure at 802 Veterans Parkway will be razed, according to Rantoul village Comptroller Scot Brandon.
Brandon told the village board recently that Arrow EDM's insurance carrier has agreed to pay to demolish the building.
The building was destroyed in a May 1 fire that caused an estimated $1 million damage. Arrow EDM manufactures ram and wire EDM systems for tool and die shops, mold shops and plants.
Brandon said the remnants of the building will be demolished, the slab on which it sits will be removed, and the site will be seeded.
The company had been leasing the building from the village. Since the fire, the company has been operating out of the Rantoul Business Center. Brandon said the company's former building "will come down in the next few weeks."
In other business, village inspector Dan Culkin said there had been 10 home foreclosures in the past two weeks in Rantoul.
"I don't know if this is the next round of foreclosures, but it's something we're watching very closely," Culkin said.
Mayor Pro-Tem Hank Gamel, who was presiding at the meeting in the place of Mayor Chuck Smith, asked if that is a normal number.
Culkin said one foreclosure a month would have been the norm prior to the recession.
"I'm thinking this is the last batch though," Culkin said, adding that a few years ago there were as many as 12 foreclosures a month for three to four months in a row.
"Since the recession, we're seeing a trend that's not going away."