The Minonk City Council approved Ordinance 2009-10 which declares 25% of the TIF II funds as surplus.  The surplus amount is $29,785.11 and will be given to the Woodford County Treasurer for distribution back to the affected taxing districts on a pro rata basis.

In other business, the council  approved a survey of Section 6 which divides the property into 6 tracts prior to the sale of the land in sealed bids.  The tracts are defined as follows:

Tract 1
Area north of Minonk Township Cemetery which the City will convey to Minonk Township as additional area for the cemetery
3.17 acres

Tract 2
Area east of cemetery which the City will convey to Minonk Township
3.43 acres

Tract 3
Area east of waste water treatment plant to be retained by City of Minonk
19.09 acres

Tract 4
Area to be retained by Waste Management. This is the site of the inactive landfill and includes an access road to the south.
13.94 acres

Tract 5
Area to be retained by City of Minonk for future Nature Trail.  This area will contain a nature trail that starts at the south end of Section 6 and proceeds north and crossing the Jumbo.  In addition, 2 ponds located south of the Jumbo will be developed for recreational purposes. Tract 5 surrounds Tract 4 and includes the Jumbo which will become part of the future Nature Trail.
27.26 acres

Tract 6
Farm Ground to be sold by sealed bid, 564.98 acres

City Administrator Doug Elder said the City will waive the requirements that apply for subdivision planning which means this property does not need a preliminary or final draft.  In addition, development does no have to be started within 180 days of the purchase of the land. 

Mayor Bill Koos said the property will still be in a TIF district for a few more years and is also zoned as commercial.  The Mayor said there has been much interest expressed in the sale of Section 6 through email correspondence and phone calls.   The deadline for the sealed bids to purchase Tract 6 in Section 6 is 4:00 pm on January 18th.

The Mayor reminded those who are invited to the annual recognition dinner on January 8th at Pop's to send in their replies and wished everyone a Merry Christmas and a Happy and safe New Year.