Reid announces candidacy for Belvidere Township supervisor | Belvidere Daily Republican

Written by Bob Balgemann

Of all those concerns, he said the one that pushed him into the Feb. 26, 2013 primary election was “when I saw the continual modification of rules to make it more difficult to speak at public meetings.”…..

 

Reid said township residents were upset last year when the board tried to purchase the old Eagle’s Club building in downtown Belvidere. That proposed acquisition, he said, was overwhelmingly rejected by the electorate during a special town meeting.

“Lack of due diligence in researching all issues created a reveal of an overpriced property, with a large capital improvement cost making what seemed like a good deal a potential money pit,” he said. “Don’t buy useless property to become a landlord.”

While the board was willing to pay $150,000 for the building, he said it eventually sold to someone else for $60,000 earlier this year.

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