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Council hears first reading of TIF for Divinity Landing; staff says notice to schools required
Summary
Council held a first reading of an emergency TIF ordinance for the Divinity Landing development; staff said the development is under construction and proceeds could capture infrastructure-related tax increment, and that statutory notices to affected school districts are required.
Council offered Ordinance 53-2025, an emergency ordinance creating a tax-increment financing (TIF) district and municipal public improvement fund for the Divinity Landing development near Northwoods and the bowling alley. Director Arras said Divinity Landing is under construction and a TIF could capture…
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