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Lisle board adopts East Ogden Avenue TIF district after unanimous votes
Summary
The Lisle Village Board voted unanimously Sept. 15 to designate the East Ogden Avenue redevelopment area, approve its redevelopment plan and adopt tax increment financing for the new TIF district.
The Village Board of Lisle voted unanimously Sept. 15 to designate the East Ogden Avenue area as a redevelopment project area, approve the associated redevelopment plan and adopt tax increment financing for the district. The three separate ordinances were presented together and each passed on roll-call votes. The measures create a tax increment financing (TIF) district intended to provide an incentive tool for redevelopment within the East Ogden Avenue project area. Village Manager Cook told the board the ordinances reflect about a year of work that began with an eligibility study performed…
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