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Mount Carroll approves $120,000 incentive package for Amstar Petroleum
Summary
The City Council unanimously approved an economic incentive agreement for Amstar Petroleum totaling $120,000, funded from the city’s BDD rather than the TIF; the package includes a $30,000 upfront payment and roughly $13,000 annually for seven years to offset an estimated four-month pump outage.
The Mount Carroll City Council on June 24 approved an economic incentive agreement with Amstar Petroleum described by Mayor Carl Bates as a $120,000 package to come from the city’s Business District Development (BDD) fund rather than the tax-increment financing (TIF) district. Mayor Carl Bates said the deal "will come from BDD not TIF. It would be $30,000.00 up front to help with loss of revenue when the gas pumps are down for approximately 4 months, then $13,000.00 annually for 7 years."
Council member Paul Kaczmarski moved to approve Ordinance No. 2025-06-02, and Alderman Jeff Elliott seconded; the roll-call vote was recorded as six yeses and zero nos. The ordinance authorizes execution of an economic incentive agreement between the City of Mount Carroll and Amstar Petroleum, Inc.; the ordinance number and vote were recorded in the meeting minutes. The mayor’s explanation to the council specified the source of funds as BDD rather than TIF and provided the dollar amounts and schedule.
The action was presented as a financial accommodation to help the business during a service interruption (an anticipated four-month pump outage). The council did not record further conditions or contingencies in the minutes beyond the payment schedule and the funding source. Next procedural steps for implementing the agreement were not specified in the transcript.
