WEST FRANKFORT — In a unanimous vote during Tuesday’s city council meeting, West Frankfort commissioners voted to provide tax incentive financing to a company planning to bring a Dollar General to town.
West Frankfort Mayor Tom Jordan said he had been in discussion with Glenwood Equities LLC for several years and finally was able to enter into an agreement with them. Jordan said the board voted 5-0 to approve a TIF agreement not to exceed $150,000 over six years.
Jordan said the plan is for Glenwood Equities to purchase five lots, three on Main Street from Van Buren Street west and two on Oak Street west of Van Buren, the location of the old Bella’s Italian Restaurant.
He said they are to demolish two buildings on the site and are in charge of moving all the utilities to accommodate their new building. Jordan said the city’s engineer will be hired to assist with moving the city’s sewer line, but the work will be done by Glenwood’s contractors with the city reimbursing for the cost up to $50,000.
Jordan said allowing them to use their own contractors was to help streamline the site preparation and building processes.
“We wanted to give them the opportunity to be in control of their own destiny,” he said.
Jordan said it appears the store could open some time in 2018, but no date has been set. Upon opening, however, Glenwood Equities would receive a one-time payment of $50,000 and payments of $10,000 yearly for five years as part of the deal.
During Tuesday’s meeting, the commissioners also appointed Paul Lawrence to replace Don Lucas on the Rend Lake Conservancy District board. Jordan said Lucas submitted his letter of resignation just more than a month ago, citing health reasons as why he had to leave his post. Lawrence will serve the rest of Lucas’ term, which ends June 30, 2021.
Jordan said Lawrence was recommended by Commissioner Mike Simpson, with whom he had discussed a number of candidates.
As a member of that board, Lawrence will assist in making policy decisions about the Rend Lake Conservancy District, most notably about the county’s water supply, which comes from the lake.
This story has been changed to reflect that Glenwood Equities will be receiving TIF money once Dollar General opens. The original version indicated Dollar General would be receiving that payment.