March 16, 2011 | 09:10 AMFontana — In a March 2 e-mail, long-time Community Development Authority Chairman Bill Turner announced he was resigning from the group.
Turner is a long-time fixture in village politics. He has been elected as a trustee and village president.
"As you know, Barbara and I are spending about seven months of the year in Florida. We are also selling our property in Fontana," Turner wrote. "I have served as Chairman of the CDA for the last 10 or more years (who's counting when you're having such fun!), and most of our planned work has been completed. As you know, the CDA will have limited resources going forward. For all of these reasons, I am hereby resigning my position."
The CDA was formed in the fall of 2001 and has since completed numerous projects in the village including the Highway 67 redesign, the Mill Street Plaza development and building the beach house.
However, the CDA recently ran into financial trouble when the Department of Revenue changed the way it calculated tax incremental financing district.
Instead of using a complex formula to evaluate the TIF, the DOR is just using the assessor's rate.
In 2009, the DOR certified value of the Fontana TIF district was $92.8 million.
The assessor valued the district at $71.6 million.
In 2010, the assessor valued the TID at $66 million and that is the value the DOR certified the TIF district.
This changed dropped the value of the TIF district by more than $26 million overnight.
Turner has served on the board since September 1999.
He also served as Village President from May 1983 to April 1995.
He was previously a village trustee from April 1976 to April 1980.
Turner said in December 2010 that he was seeking an additional term to continue working on CDA projects. He has been the chair of the CDA since 2001.
However, he wasn't re-elected that year.
After the election, Turner said he wasn't surprised by the election results.
"I did not campaign I thought there was good people running and I'm pleased with the result," he said the night of the election.
At that time, Turner said he planned to stay involved with the CDA.
However, now it appears he has hung up his hat from village politics.
"It has been a great pleasure working with all of you. We functioned well together and accomplished a great deal," Turner wrote in his e-mail to commissioners. "I think that we demonstrated the best of what government can be. I had a great time."