Development committee forms RFP team, outlines developer financial criteria for new subdivision
A committee to interview potential developers has been formed; members will set financial qualification criteria and RFP parameters for the proposed subdivision that could generate TID revenue for the village and support park funding.
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The economic development committee has formed a team to interview prospective developers and to draft a request for proposals for a planned subdivision. Committee members said they will include financial‑qualification thresholds (for example, a developer line of credit and proof of capacity to build infrastructure) and will bring a recommended set of parameters for village review.
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