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McHenry council approves up to $20,000 TIF eligibility study after heated debate
Summary
The McHenry City Council authorized a professional-services agreement with Teska Associates for a tax-increment financing (TIF) eligibility study not to exceed $20,000. The motion passed 4–2 with one member absent after councilors debated the 'but-for' requirement and the size and purpose of proposed TIF districts.
The McHenry City Council on Oct. 20 authorized the mayor to sign a professional-services agreement with Teska Associates to complete a TIF eligibility study for proposed areas, in an amount not to exceed $20,000.
Council members split over whether the proposed TIF districts meet statutory eligibility tests and whether the city has a clear vision for the zones. "To me, again, chips are another way of taxing property taxes," said Alderman Glab. "It's not a lot of money per…
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