Sunday, Apr 26, 2015
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ONCEMORE1 - Yard waste stickers a no-go - Quincy, IL News - QuincyJournal.com
Lower costs? Fewer pickups? Lower salary? The same trucks, running the same routes because some people will still be putting yard waste out. And if you think City workers will cut their own paid hours because of fewer pickups, you're delusional.
TheyRclueless - First bid for QHS expansion awarded - Quincy, IL News - QuincyJournal.com
He's been contemplating his decision for the last several months while spending his time in Sarasota, Florida and still collecting his $180,000....very smart man to get away with that and still have the Board President say he's great!
HuhWhy - Yard waste stickers a no-go - Quincy, IL News - QuincyJournal.com
If I were a betting man.... I would bet that the city council on Monday does not pass the budget. it will be like 9-5 opposed. Then a special council meeting on Thursday to try and pass a budget on Friday.
QuincyGuy - Kirk, Durbin praise Lynch\'s record after Senate vote - Quincy, IL News - QuincyJournal.com
pjohnf - I couldn't have said it better myself. Aren't we, in Illinois, 'blessed' with representation in Washington? We can thank Chicago for that.
WarCry - Yard waste stickers a no-go - Quincy, IL News - QuincyJournal.com
You're 100% right that it would change what some people do, including - it seems - yourself. And do you know what that would result in? Lower costs to the city. Fewer pick-ups due to people doing it themselves means lower vehicle maintenance. Lower salary expense due to decreased hours. Yes, some people would stop using the service, which reduces the EXPENSE of providing that service. The point…

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Loan Committee recommends accepting deed for Newcomb Hotel

Loan Committee recommends accepting deed for Newcomb Hotel

2 years, 2 months ago by Bob Gough

Owner of long vacant property has been behind on mortgage and taxes for years

The City of Quincy's Economic Development Loan Committee went into executive session Thursday to deal with a real estate matter, which is a deed in lieu of foreclosure, for the former Newcomb Hotel, located at 500 Maine Street.

City Planner Chuck Bevelheimer discusses what was decided at the meeting.

"After discussing the in's and out's of the process of moving the property forward, we did make a recommendation to accept the deed in lieu of foreclosure and made that recommendation to the City Council. So that is the end result of today's meeting."

Bevelheimer then explained why the City chose this course of action.

"Well, the reason is two-fold, one it's taken us a year to get to this point and it's been a long struggle to get control of the property and the building is not getting any better in shape, in terms of the building maintenance and deterioration and finally, we do have some interested parties who have contacted us but without control we can't really respond to those interests. So, we're trying to manage this so that we can, more or less, flip this property as quick as possible."

This recommendation now goes to the Quincy City Council.

Previous Story:

The City of Quincy’s Revolving Loan Committee will consider a proposal from the owner of the Newcomb Hotel to accept the deed of the property to stave of foreclosure.

Victor Horowitz bought the building 10 years ago and received a $500,000 loan from the city and $50,000 from the county. The County has written off its share of the loan, which stands at about $475,000 outstanding in loans, fees and back taxes.

Horowitz has offered the deed to the City in exchange for forgiveness of the loan. City Planner Chuck Bevelheimer says the building's future is in limbo until the ownership issue is cleaned up.

A developer was considering turning the long-vacant hotel into an assisted living facility, but the funding for that plan fell through in 2011.

The Revolving Loan Committee meets on Thursday. The discussion on the Newcomb will be in closed session, according to the meeting agenda.


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