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Trustees approved a $449,373.16 tax-increment financing distribution tied to the Walmart economic incentive agreement and authorized up to $18,000 to replace a drive at the main water pumping station.
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The approved tax distribution reimburses Walmart for 90% of its property tax payment under an agreement made in 2014. The water-pump repair is intended to maintain the Village’s water system. Residents were also told that SMART 911 registration information will be provided soon and that a sign-up event is planned, although no date has been set.
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