By Herb Meeker
News Report Staff
If you want a home in Teutopolis, now’s your chance.
Village Board Trustees voted last week to sell 30 residential lots in Prairie View Subdivision on the south side of Teutopolis. The price is $12,500 per half acre lot for homeowners wanting to purchase lots; and $10,500 for contractors buying lots. You can start on the purchase process by contacting or visiting Teutopolis Village Hall in the coming weeks.
The village acquired the property for the new subdivision and now intends to add roadways, sewer and water lines, curbing and lighting by the middle of 2018. Then lot owners can begin construction on homes.
The goal is to increase the housing opportunities in the village. This is the first phase of selling lots for that subdivision.
A Teutopolis business is moving ahead with expansion plans with the help of reimbursement of eligible project costs from the new Central Area Tax Increment Financing District. Trustees agreed to authorize a second development agreement with Farmweld for assisting with a major expansion of that company that will include new offices, loading dock, parking area and structural additions. The vote was unanimous among board member, but Trustee Dave Tegeler abstained.
Farmweld requested up to $1,448,400 for reimbursement on costs for its major expansion. This is the first major project tied to the second TIF created this year in Teutopolis. That district stretches across Teutopolis along the U.S. Route 40 corridor and adds some sections on the north and south sides, including the Prairie View subdivision.
A TIF District generates revenue by setting aside property tax money collected past the assessed valuation from the initial year of the TIF. That money can be used to help existing businesses with new infrastructure or building renovations. But TIF money can also be used for helping start a subdivision as well.
A short connecting road project will be assisted by West Main Street TIF funds not to exceed $90,485. This is part of a second contract with Wooden Shoe Development, the entity associated with the first TIF created in Teutopolis. The short roadway will help on access to a couple of lots in the TIF dedicated to commercial development the far west side of Teutopolis. The board vote was unanimous on that TIF contract.
The board also voted on its 2018 village tax levy, which totals $325,955. That amounts to less than a 5 percent overall increase from last year’s levy.
On other financial matters, the board awarded a $7,100 roofing contract for the village hall building to Winterrowd Excavating & Construction of Louisville. That was the lower of two bids on the work. The vote had Board Trustees Daniel Zerrusen, Joe Schumacher, Kenny Esker and Greg Oseland in support of the motion, while Dave Tegeler was opposed and John Mette abstained.
Board members also voted to continue membership with the Effingham Regional Alliance and pay the 2017 dues at $5,000. Esker opposed that motion.
The village will purchase a salt spreader for use by the street department during winter storms. The cost of the spreader is not to exceed $1,500.