The city of Streator has put together what it considers an attractive proposal to residents adjoining East Kent Street, between Otter Creek Road and Fuller Avenue, to annex into the city’s limits.
City Manager Scot Wrighton explained on Tuesday the City Council met with two neighborhoods including residents on East Broadway Street in May, but only residents on East Kent Street were interested in an offer.
Residents would be annexed into the city limits and have a sewer put in place. Wrighton also described “unique” incentives such as waiving the $2,000 cap fee required when a new property ties into the city’s sewer line as well as agreeing not to annex into the city limits until after the first of the year to defer their taxes.
The city also provided a 100 percent rebate on the city portion of their property tax for the first five years as it’s assumed that will be the time frame homeowners will be paying for most of their assessments.
The proposal will be sent to residents for approval.