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Greendale moves to close two TIF districts, updates fee schedule and authorizes reimbursements
Summary
The Village Board approved resolutions to start closure of Tax Incremental Districts (TID) 1 and 2, updated the fee schedule (adding outdoor display and short-term rental fees), designated officials for tax-exempt reimbursement bonds and approved monthly accounts payable and ACH payments.
The Village Board approved several Finance Committee recommendations: resolutions to begin closure of Tax Incremental District (TID) No. 1 and TID No. 2; an amendment to the municipal fee schedule to add a $65 outdoor retail display permit and a $100 short-term rental permit; designation of officials to declare official intent under reimbursement bond regulations; and approval of the monthly accounts payable, ACH and P-card distributions.
Staff reported TID 1 (created in 2010 to support a 90-unit senior housing project, the Berkshire senior…
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