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The City of Crown Point has big plans for the approximately $2.3 million it receives as its share of the County Economic Development Income Tax.
The city will use the funding between 2024 and 2025 to help fund local road and construction projects, incentives to bring new business to the city, “personal” services (i.e. engineering), payment of the general obligation bond, and expansion of the South Coast Railroad.
Of these items, approximately $730,000 was allocated to pay off the bond; $600,000 was earmarked for construction projects, $250,000 for economic incentives, $275,000 for personal services and $133,370 for the South Shore. The Rebuild Crown Point fund was allocated $50,000.
Crown Point Mayor Pete Land said the city is in the process of identifying various road, construction and economic development projects and is looking forward to everything the city can accomplish with the funding. Updating the city’s comprehensive plan is among the planned projects.
“There are requests for stimulus packages all the time, and this is not unusual,” Land said. “Everybody wants something.”
City to hire economic development director
The Crown Point City Council formalized its funding intent at its February meeting by passing a capital improvement plan ordinance required by Lake County as a requirement of CEDIT allocations. At its March meeting, the council is expected to finalize an amendment to the salary ordinance to hire an economic development director who will help manage CEDIT funds, among other duties. According to the regulations, the salary range is $57,000 to $87,111 annually.
“We had a director of economic development in 2005, and a few years later the city eliminated that position,” Land said. “I felt like we needed to bring that location back based on our development and the expansion of Crown Point.”
Land added that the economic development director will be an integral part of representing the city with various state and regional economic development agencies and seeking additional funding for Crown Point.
The city’s human resources department is currently developing a job description, and Land expects the council to adopt it in March. The city has not yet advertised for the role, and no potential candidates have been identified, according to Land.
Jim Masters is a freelance reporter for the Post-Tribune.
