DeKALB – After weeks of deliberation, the DeKalb City Council threw its weight behind the library's planned expansion, opting to borrow no more than $8 million for the project and contribute $2 million in tax increment financing.
By a vote of 7-1, a number of aldermen reiterated their support for expanding the 80-year-old library. They waived second reading Monday night, meaning their votes were final action.
Many of the aldermen were encouraged by the library's revised financial plan, which sees the expansion's total cost drop from $24 million to $20 million and has the city borrowing only $6.5 million.
Since December, library officials have been trying to raise the local match for an $8.5 million state construction grant. To remain eligible for the state grant, they need to have the $11.5 million local match in June. They originally set a $15.5 million local goal, but recently reduced it by putting off some renovations for the existing library space.
The project would add 47,000-square feet to the 80-year-old building at 309 Oak St. Construction would start within 140 days of library officials signing the contract with the state.
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