ROCHELLE CITY COUNCIL
Monday, August 27, 2018 at 6:45 p.m.
City of Rochelle Council Chambers
420 North 6th Street, Rochelle, IL 61068
I. CALL TO ORDER:
II. ROLL CALL:
III. PUBLIC COMMENTARY:
IV. BUSINESS ITEMS:
1) Public Hearing on Community Development Block Grant for Electrical Infrastructure to Support the
Expansion of the MightyVine Commercial Growing Operation on Centerpoint Drive
Agenda Item #1 - Public Hearing on Community Development Block Grant for Electrical Infrastructure toSupport the Expansion of the MightyVine Commercial Growing Operation on Centerpoint Drive
Summary: On or about September 1, 2018, the City of Rochelle intends to apply to the Illinois Department of Commerce and Economic Opportunity for a grant from the State CDBG program. This program is funded by Title 1 of the federal Housing and Community Development Act of 1974, as amended. These funds are to be used for a community development project that will include the following activities: electrical infrastructure including poles and conductors to support the $17,000,000 expansion of the MightyVine commercial growing operation located on Centerpoint Drive in Rochelle, Illinois. The expansion will create a minimum 60 jobs. The total amount of CDBG funds to be request is $900,000. The amount of CDBG funds proposed to be used for activities that will benefit low-to-moderate income persons is $459,000. The City of Rochelle also proposed to expend $2,100,000 in non-CDGB funds on the project.
These non-CDBG funds will be derived from the following sources: Rochelle Municipal Utility Electrical Fund.