District 150 — the district that recently spent $877,500 to acquire properties it can’t use on Prospect, let them be stripped and then subsequently had to start razing a few of them for thousands more dollars; the district that has hired four highly-paid superintendents to do the job of one; the district that owns the Meyer building in the Warehouse district but allows it to fall further into disrepair, lowering property values in that area; the district that refused to cooperate with the city’s good-faith effort to work with them on placing a replacement school on the site of the current Glen Oak Primary School — that district is unhappy that the city is trying to raise property values in the older part of town through the use of a TIF. They want an intergovernmental agreement that gives them some of the money if property values go up.
So, city staff has worked with them to hammer out a proposed agreement — which, interestingly only affects the Eagle View TIF, not the Warehouse District TIF. In the agreement, the city would reimburse District 150 $1.5 million to be used toward the cost of infrastructure improvements around their new Harrison Primary School they want to build, only if/when the fair-market value of improvements within the TIF equals or exceeds $95 million. The city would also agree that if/when $250 million in new construction is completed, the city will stop incentivizing with TIF funds and instead pay off any debts/bonds and retire the TIF.
It would also include the new Harrison Homes Primary School in the TIF. At least, that’s what I believe the language is stating. But I’m a little concerned about the wording. According to item 3 of the proposed agreement, it says that the two governments would agree that “the Harrison Homes site shall be included in the Eagle View TIF redevelopment project area.” Not the Harrison School site, notice, but the Harrison Homes site.
Now, it’s possible that “Harrison Homes Site” could have been defined earlier where it says, “WHEREAS, District 150 plans to construct a community school in the Eagle View TIF redevelopment project area at the Harrison Homes Site, bounded by Krause, Griswold, Folkers and Grinnell Streets;” but it’s vague at best.
You see, back in December, the Peoria Housing Authority asked for all of Harrison Homes to be included in the Eagle View TIF. But in January, the city council said “no.” In fact, they said “no” to a lot of requested additions. I wouldn’t put it past someone over at the PHA to come knocking on Peoria’s door if this agreement is approved and say that they should be included in the TIF because of it. Perhaps the wording should be clarified.
It’s sporting of the city to play nice with the school district, but honestly, I hope the council rejects this agreement. You’ll notice that it benefits the district, but not the city, as usual. The city should require the school district to agree to put an East Bluff replacement school on the site of the current Glen Oak Primary School as part of the bargain. There shouldn’t be any more of this one-directional, so-called “cooperation.” The school district needs to start giving back to the city. Right now they’re doing nothing but driving people away.