COMMERCIAL INDUSTRIAL REVOLVING LOAN FUND COMMITTEE
Duties
The objective of the Commercial/Industrial Revolving Loan Fund (CIRLF) include stabilization and diversifying Rock Island’s economy, redeveloping and recycling blighted or vacant land and buildings, and supporting gains in property and sales tax generation.
Funds can be used to acquire land and buildings, construct, expand, renovate or modernize facilities, or purchase machinery and equipment. Commercial or industrial proposals would be considered by the City. The costs of appraisal, architectural design, engineering, accounting, legal fees, etc., were to be borne by the developer.
Staff reviews applications for completeness and forwards them, with recommendation, to the CIRLF Committee. This five person Committee makes the final funding decision.
Term
Discretion of the Mayor and City Council
Public Meetings
Meetings are scheduled the first Thursday of every month.
Members
Carl Becker, Davenport Bank & Trust
Brian Hollenbeck, Rock Island Economic
Tom Dasso, Mel Foster Co.
Charles Austin, Alderman
Tom Hammar, Tom Hammar Accounting
Dennis E. Pauley, Mayor
Staff
Mary Chappell, Land & Development Programs Coordinator
City of Rock Island
1528 Third Avenue
Rock Island, IL 61201
www.rigov.org
Phone: (309) 732-2900
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