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Board declines SRP Capital BDD reimbursement request; accepts FEMA radio grant and approves facility payment

Village Board of Trustees, Peoria Heights · October 21, 2025
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Summary

Trustees voted down a Business Development District request from SRP Capital for landlord improvements, citing policy favoring direct support for tax‑generating businesses; separately the board accepted a FEMA Assistance to Firefighters grant for 27 portable radios (local match $12,985.72) and approved a $19,730 payment for new police department carpet.

The board rejected a Business Development District (BDD) reimbursement request from SRP Capital for common‑area improvements at Prospect Mall after trustees expressed concern about granting public funds to a landlord rather than to tax‑generating tenants. Trustees said existing policy favors support that directly benefits businesses that produce tax revenue and noted a history of similar requests that prompted calls for a policy review. The motion to approve the BDD reimbursement failed on a recorded vote.

Separately, Chief Centas described a FEMA Assistance to Firefighters Grant award to purchase 27 portable radios (total award $272,700) that requires a 5% local match of about $12,985.72; Administrator Sutton said the match was already budgeted and the board approved acceptance of the grant. Trustees also approved a ~$19,730 payment to Carpet Weavers to replace decades‑old flooring at the police department, and asked staff for an itemized quote for recordkeeping and comparison to prior bids.

Trustees said they would have further internal policy work on BDD eligibility and plan to return with proposed rules to prioritize tax‑generating businesses for future reimbursements.