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Streator takes first steps to create new TIF

TIF will support $9M assisted care facility and future development

The city of Streator is putting various pieces together to welcome an incoming assisted care living facility.

One of the bigger pieces is the creation of a new tax increment financing (TIF) district for the facility, which will be built on the north side of Route 18, across from Central Church of Christ.

Phillips Investments, doing business as Unique Homes, explained in board documents that to build the assisted living and Alzheimer's and dementia facility in Streator, the developer would require a new TIF district for the $9 million project.

The City Council approved a professional services agreement with the Jacob & Klein law firm for the Route 18 East TIF District, which would incorporate the 37-acre tract that Unique Homes is purchasing as well as some additional space. The design and shape of the TIF district have not been finalized.

Unique Homes has agreed to pay half of the legal fees to establish the TIF district. The assisted care facility will take up 10 acres of the purchased tract, but the developer is in contact with other potential developers for the additional 26 northern acres. The facility is expected to bring 50 new jobs to the area, with the potential for more if additional acreage is developed.

Chad Phillips, partner at Phillips Investments, attended the meeting and thanked the city for its work in getting the area ready for development.

Phillips was hopeful work could begin in the fall with a grand opening one year from when construction begins.

“If we can get this pushed through, we’re going to be ready to start as soon as we can,” Phillips said.

City Manager Scot Wrighton said the city was on schedule to have the area ready for construction by the fall.

The council also approved a plan commission recommendation to rezone the property from agricultural zoning to a general commercial zoning district and annexed the tract into city limits.

Documents from the investment group during last week's meeting to the council detail a 68,000-square-foot facility offering independent living, assisted living and memory care.

The 50,000-square-foot living facility would include a 50-unit assisted living campus with a cafe, spa, theater, four-season room, activity room and a landscaped courtyard. The one-story facility would feature 43 one-bedroom units at 560 square feet each plus seven two-bedroom and two-bedroom deluxe apartments from 833 to 1,105 square feet each, along with common areas for family gatherings, private dining, social areas and a wellness center.

The 18,000-square-foot Reflections Memory Care area will have 24 suites from 328 to 464 square feet, including private bathrooms, and will offer individualized health care plans.

In other business

The council approved:

• Annexation of property owned by the city of Streator adjacent to the Vermilion River in Eagle Township.

• A facade grant to the owners of H & H Mercantile, 314 E. Main St., in the amount of $10,000, pending an inspection of the awning that deems the structure safe by a structural engineer. City Engineer Jeremy Palm said the owners are still waiting to have the awning reviewed but are considering a purchase of a new awning. If a new awning is purchased, the grant will need to go before the Plan Commission again for review.

• A facade grant to the owners of Balanced Spirit Wellness Center, 419 E. Main St., in the amount of $12,000.

• Two additional handicapped parking spaces on the 400 block of East Hickory Street.

• An agreement with Gregory and Marjorie Haynes regarding the use of City Park for the farmers market.

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