LEMONT – The Lemont Village Board has scheduled a special meeting for 7 p.m. Monday that could signify a move towards private financing of the proposed Lemont Sports Complex, according to an agenda sent out Friday.
The agenda said the board will vote on repealing an ordinance allowing the village to use facility revenue, sales tax, income tax and tax increment finance funds to pay for the sports complex.
The agenda also said the board "is close to presenting an option to finance the project utilizing a financing tool that has no statutory to levy property tax against the residents, and consequently would not require a referendum."
Since the $21 million project was announced in January 2013, residents have expressed concern that the village could levy taxes on them if the proposed revenue sources are not enough to pay for the project.
Residents had collected enough petition signatures to force a referendum on whether the village could pay for the project. Since then, the village has negotiated with potential private investors for the project.
According to the agenda, the special meeting was scheduled in order to beat a Jan. 9 deadline to put the referendum question on the March primary ballot.