Dollar General, Polo reach TIF accord
POLO – The City Council Tuesday approved an agreement that allows Dollar General in the city’s tax increment finance district.
According to the terms, MillCo Investments, Dollar General’s Chicago-based development company, will be reimbursed up to $200,000 in property tax revenue generated from the $539,000 in improvements it plans to put into the building in the 100 block of East Dixon Street, where the store will be.
Dollar General is a national discount retailer that sells primarily household necessities.
The new store is expected to bring 12 to 15 retail jobs to the city and additional tax revenue through the building improvements plus sales tax revenue.
The board also is considering installing cameras in the city’s parks to combat a rash of vandalism, a recommendation made by Alderman Jeff VanOosten.
Board President Mark Scholl said he would take the recommendation to the park board, and get a quote for installing a camera system.
The board also is considering changing the closing time for the city’s parks to sundown from Sept. 1 through April 30, also to help thwart vandals.
Also Tuesday, the board sent a request for keeping/maintaining bees within the city limits to the zoning board of appeals for a special-use permit.
Mike Scholl said he wants to keep four to five hives on property owned by PNC, which is zoned for manufacturing.
