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Council authorizes Mchenry to apply for regional site-readiness grant amid annexation leverage concerns
Summary
The council voted to have the city apply for an Illinois Department of Commerce site-readiness planning grant (NOFO 3429-3182) and to execute a development agreement with Parkway Bank Trust Company; aldermen debated whether applying would erode the city's leverage over annexation and future roadway rights.
The Mchenry City Council approved a resolution authorizing the city to apply for a regional site-readiness planning grant from the Illinois Department of Commerce and Economic Opportunity (NOFO ID 3429-3182) and to execute a development agreement with Parkway Bank Trust Company as trustee under trust number 10578.
Supporters said municipal endorsement can strengthen a grant application and reduce costs for…
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