Where is Boone County with its recovery zone bonds? McHenry County and Stephenson Counties have passed their resolutions to start their programs. I have contacted Mayor Brereton who obtained information that Boone County’s allocation is $1,863,000, but no one is certain if county government has started the process.
The decision is before the DeKalb County Board because the county was allocated $15 million in Recovery Zone Bonds. Part of the federal stimulus legislation, the borrowed money would serve as a means to finance both governmental and privately-owned building projects at a low interest rate, with the federal government paying 45 percent of the interest.
Click on the following for more details on DeKalb County proposal: Public hearing on countywide recovery zone set for Wed. | Daily Chronicle
For details on McHenry County’s Program: http://www.nwherald.com/articles/2009/08/11/r_migk8hyjsy2z1vnk_tug/index.xml
http://www.nwherald.com/articles/2009/06/17/r_bxepvehdskw4niafe6_irw/index.xml
For details on Stephenson County’s Program: http://boonecountywatchdog.blogspot.com/2009/08/tools-for-development-stephenson-county.html
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