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Glendale Heights committee moves TIF reimbursement resolution to full board
Summary
A committee voted to forward a resolution allowing the village to reimburse pre‑TIF expenditures for the proposed East Army Trail Road redevelopment area to the board of trustees with a recommendation to concur.
The committee of the whole voted Thursday to send a resolution to the Village Board that would permit the village to reimburse certain earlier expenditures from future tax increment financing (TIF) proceeds for the proposed East Army Trail Road redevelopment project area.
The resolution, described at the committee meeting as establishing the village’s “official intent” to reimburse qualifying project expenses from TIF proceeds if and when an obligation is issued, was…
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