This is the 7th and last installment of my analysis of the documents produced by Lakewood Village Clerk Jan Hansen in reply to my Freedom of Information Act request concerning SportsPlex information since that January day when there was a ublic presentation and Tax Increment Financing District information since it was approved by the Village Board.
In the last article, Village Trustee Ken Santowski was quoted as saying,
“There was too much ‘take’ on the developers side.”
Perhaps Santowski read something about what was in the February 4th email from Walker to Village Attorney Michael Smoron.
“Keep in mind Sportsplex is not making debt service payments directly but depositing its daily operating and ancillary receipts with the bond trustee.
“The shared taxes/TIF receipts are being deposited with the trustee at least monthly from the State/other source. [Emphasis added.]”
There was no discussion of sharing Lakewood taxes or Tax Increment Financing receipts at any meeting I have attended.
SportsPlex spark plug Lou Tenore has not given up, however.
An April 27th email advances the idea of the SportsPlex getting money from the U.S. Department of Agriculture.
He points out that the criteria include a town’s being less than 5,000 people, the applicant a non-profit and having been rejected for financing before.
There is no maximum amount, the interest rate is 3.5%, but the Rural Development program requires that the project be described as a community center.
That is “DEEMED ESSENTIAL,” Tenore wrote.
“We just need to fit their description. In Illinois all Community Centers I have found have athletics or fitness.”
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There is surely more to come