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Fiscal officer raises CRA program; solicitor cautions about Norcold building sale
Summary
The village fiscal officer asked the solicitor about pursuing a Community Reinvestment Area program for the old Norcold building; the solicitor said he's willing to do the work but emphasized the process does not guarantee a buyer.
During administrative reports, Fiscal Officer Heather Canan referenced the Community Reinvestment Area (CRA) Program as mentioned previously by Mike Bowers and asked the Village Solicitor for his assessment. According to the meeting record, the solicitor said he was 'more than willing to do the work but it's a process and in the end we aren't guaranteed that someone will purchase the old Norcold building.'
Council members did not take formal action on the CRA program or the building at this meeting. The solicitor’s comment signals the council could pursue the CRA process as a tool for redevelopment, but he cautioned that undertaking the legal work does not ensure a sale or redevelopment of the Norcold property.
