3 months ago by Bob Gough
City to consider using TIF funds for cleanup
Several City of Quincy department heads gave updates on the progress being made on the demolition of the Newcomb Hotel, which was destroyed by fire Friday night.
But the longest discussion was about the lack of insurance on the property.
As QuincyJournal.com first reported Monday morning, the building's owner, Victor Horowitz told city officials on Sunday that the building didn't have insurance because of its condition.
Horowitz was given a loan of $500,000 by the City of Quincy in 2003 to be used toward building renovations. City Planner Chuck Bevelheimer told the Council Monday night that he was not working for the City at the time the loan was made. Bevelheimer left the City before that to take a job in Michigan, but he returned to Quincy in 2004.
Chuck Scholz was the mayor in 2003 and the loan went through the city's economic development revolving loan committee. Bevelheimer said the City tightened up its policies in 2005 after John Spring was elected mayor and the city then only did participation loans with local banks, which had much more stringent policies.
Bevelheimer said he can find no documentation that the building ever was insured.
Bevelheimer said the City is considering using TIF funds to pay for the demolition and cleanup, which will have an estimated $500,000 price tag.
The City was in the process of foreclosing on the Newcomb and had investors from Iowa interesting in possibly renovating the building.
In other action, the Council voted 8-6 to hire Jerred Hester as Airport Manager. He will start work Tuesday and will have a salary of $53,000, which can increase when he gains further certification.