Petersburg’s Main Street replacement of streets and sidewalks project was addressed at the December Village Board meeting on Tuesday, Dec. 6, 2011. It appears that TIF funds could be used for this since it would be considered infrastructure.
Clerk Stokes has attempted several times to contact TIF lawyer Michael Bacon for clarification, but hasn’t received a response.
The board probably could use the 2010 funds which will begin coming in this May. There are questions if the funds from several buildings could be directed toward the same project.
Trustee Thorburg said the village will need to know how much to bond if they do so.
Consensus of the board was that they would like to wait until after the Q125 celebration.
Read more in the Dec. 14 Petersburg Press Print & Electronic Editions.