NEWS

City rescinds development agreement with Millco LLC

Cathy Decker/Staff reporter
Dollar General recently moved to a new location on Saturday, Sept. 18, 2010.

The city of Aledo agreed on a 3-2 vote, with two abstentions, to rescind the agreement with Millco SW 3rd St. LLC, owners of the new Dollar General location on the SW side of Aledo. In April the city agreed to provide a Tax Increment Financing grant of $125,000 to the owners for renovation of the building that used to house True Value Hardware and the former Quinn's Grocery Store.

The ordinance adopted April 19, 2010, authorized, among other things, "that the Mayor shall not sign or deliver the redevelpment agreement to the developer until the developer has provided documentation to the City establishing that articles of organization for Millco SW 3rd Street, LLC have been duly filed with the Illinois Secretary of State and further providing a complete list of the names and addresses of all members and managers of Millco SW 3rd Street, LLC."

The resolution to rescind the agreement also stated that the developer failed to provide the city with this information and failed to respond to the city's inquiry regarding the redevelopment agreement.

Alderman Robert Rillie made a motion to dispense with a second reading of the resolution, and pass it on the first reading. Alderman Rich Maynard, Jr., seconded the motion. Voting in favor of that motion were Alderman Rillie, Alderman Maynard and Alderman Richard Hunter. Voting no to the motion were Alderman Barry Cooper and Alderman Terry Bewley. Two abstentions came from Alderman Randy Mattson and Alderman Michael Baugher. Alderman Tab Balmer, Jr. was absent from the meeting.

According to city ordinance, a two-thirds majority is needed to dispense with the second reading of a motion, with abstentions being counted with the majority (effectively making the vote 5-2).

The vote to approve the ordinance 3-2, with two abstentions, was enough to pass the ordinance rescinding the agreement.

During discussion, Alderman Bewley asked, "Has Millco been told we're going to do this?"

Janice Green said that City Attorney Mark Walton had been in contact with Millco, but nothing had been answered.

"They haven't taken any money," Bewley said.

"They haven't asked for any money," said Janice Green, city administrator. She said she had not been in the loop of communication on the project, that the attorneys were communicating on it. "There is no contract. They have neglected to accept it," she said.

Rillie pointed out that "the idea was to not leave an offer up forever. One of the guidelines to it is they tell us who they are."