Tolono plans to use TIF funds to build new fire station - Wandtv.com, NewsCenter17, StormCenter17, Central Illinois News-

Tolono plans to use TIF funds to build new fire station

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Tolono - The Village Board of Tolono has approved a TIF Fund for a new fire station for the Tolono Fire Protection District.

 

On Tuesday the board voted to approve a $850,000 of TIF funds to construct a new fire station.

 

The department hopes to break ground this summer, after finding the best options for financing and finalizing the design.

 

The intergovernmental agreement will go before the Fire District Trustees next week on Tuesday March 11th for their final approval. If approved the money would be paid out over a 12 year payment beginning in July of 2014.

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