Minooka trustees continue talk of incentives for various developments
The Minooka Village Board of Trustees Committee of the Whole took a close look at incentives on the table for the company behind a proposal to bring a distribution facility to town at Wednesday’s meeting.
The development, dubbed Project Sting, intends to create an estimated 300 new jobs and is seeking a four-year property tax abatement deal.
The village is expected to find out if it’s a finalist to land the company by the month’s end.
Village Administrator Dan Duffy said it’s come down to two locations, one in Illinois, one in Indianapolis.
The name of the company behind the proposed distribution facility has not been disclosed, to date.
In other developments, staff provided an update highlighting the status of the village’s negotiations with Speedway.
The company is asking the village for $10,000 in property tax abatements over 10 years. In addition, Speedway wants $500,000 back from sales tax incentives.
At the same time, the village wants the company to pay for some off-site improvements in the vicinity of the proposed gas station.
Trustee Dennis Martin and Trustee Barry Thompson take issue with Speedway’s request.
Trustee Ric Offerman asked if the village would be setting a precedent if it agreed to the deal with Speedway.
Duffy and Martin explained:
A Speedway representative will make their case again to the village board at a later date.
Also at the meeting, trustees reviewed a potential incentive deal in the works between the village of Minooka and U.S. Cold Storage.
The company is looking to expand its 450,00-square-foot building by 165,000 square feet, according to village board documents. U.S. Cold Storage is seeking a three-year abatement to help make the project possible.
Trustees will put the incentive deal to a vote at Tuesday’s village board meeting.
The village intends to handle the related request to vacate some property at a later date, officials said.