Heinold will receive TIF funds from the Village of Atkinson..

Heinold will receive TIF funds from the Village of Atkinson..

At their meeting Monday, Feb. 19, village board members approved an ordinance to repay Heinold $12,400 per year for 10 years from TIF funds, obtained from the increased tax base of the company.

A new facility for Heinold is under construction, located across from its present site on U.S. Route 6.

Reimbursement to Heinold begins after the business pays their first installment on property taxes.

Steve Klein, of Jacob & Klein LTD and the Economic Development Group of Bloomington, was unable to attend Monday’s meeting. He was listed on the agenda to explain creating a second TIF to include businesses outside village boundaries at the east end of the village.

The current TIF District, created in 2013, ends at the village boundary line on U.S. Route 6, before the location of both Wyffels Hybrids and Gold Star FS.

A second TIF District to include the two businesses would require extending village boundaries.

In other business, the board:

• Discussed purchasing a new squad car and is researching a program that allows for the new vehicle to be paid for over a three-year period.

• Learned the garbage truck is in need of about $3,000 in repairs that include a new fuel line, new springs and replacing the exhaust system.

• Did not take action, but talked about replacing heaters in the Community Center gym, which is the former Atkinson Grade School.

• Discussed repairs to downtown streets and sidewalks.