Board approves intergovernmental agreement to join River's Edge redevelopment zone
The Moline-Coal Valley CUSD 40 board voted to approve an intergovernmental agreement with the City of Moline to participate in a River's Edge Redevelopment Zone that includes a proposed 90% property-tax rebate on new incremental value for qualifying projects for 10 years.
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The Moline-Coal Valley CUSD 40 board on May 26 approved an intergovernmental agreement with the City of Moline to participate in the River's Edge Redevelopment Zone, a state-authorized incentive program the city says is intended to spur investment in older, environmentally sensitive riverfront neighborhoods.
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