Saturday, June 26

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Coy's Car Corner negotiating prime
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[JUNE 26, 2004]  Coy Hutchcraft and business partner Scott Soebbing of Coy's Car Corner attended a recent city council meeting to present and begin discussion on a proposal that they are making to the city of Lincoln. This proposal involves the development of a certain highly visible tract of property that Lincoln is considering annexing in the near future. The property would be used to expand their current automobile and lawn mower dealership.

The tract is located west of Lincoln on Route 10 between the Crossroads Motel and the new Kroger store (formerly Eagle Discount Foods). In a letter sent to City Clerk Melanie Riggs, Hutchcraft said he intends to invest a substantial sum of money to develop this property: putting in a sales facility, parking areas and a street.

The proposal being made to the city, should the city annex that property, asks for a sales tax rebate, the installation of sewer lines, the assurance that Hutchcraft would not be required to fund the stoplight currently slated for installation on Route 10 at the Goody's and Dollar Tree plaza, and the assurance that the property be treated and classified as an enterprise zone.

The property the partners hope to develop is already in the enterprise zone, and the Illinois Department of Transportation is considering the request for the stoplight on Woodlawn Road. If the stoplight is installed, the city of Lincoln will pay for it, according to the city council.

[LDN]

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