Classic Hits 103.9 WLPO

News from the Illinois Valley

Tax assessment dispute ending between IVCC, Putnam County and Marquis Energy

Posted by wlpo on March 20, 2015

After almost four full years, Illinois Valley Community College is dropping its property tax assessment suit against Marquis Energy and Putnam County.

Fran Brolley with IVCC confirmed the news Friday morning with Classic Hits 103.9 WLPO. He says board members and President Jerry Corcoran will make official statements at the April 9th board meeting.

IVCC filed a suit in April of 2011 over differing opinions on tax abatement and the assessed value of Marquis Energy’s ethanol plant in Hennepin. Since then thousands of dollars was spent in legal fees.

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