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Village manager says draft East Ogden and Lincoln (Route 53) TIF plans nearing review; Committee to see both drafts
Summary
Village staff told trustees a consultant completed field work for two draft TIF plans (East Ogden and Lincoln Avenue/Route 53). The plan drafts will be presented together to the Committee of the Whole; public hearings and joint review board steps will follow.
At the March 17 Committee of the Whole meeting, Village Manager Herb Mode reported that SP-Friedman completed field work on two proposed tax-increment financing (TIF) districts — one on East Ogden Avenue and the other on Lincoln Avenue/Route 53 — and that draft plans are available for review.
Mode told the committee staff and counsel expect to bring both draft plans back to the Committee of the Whole (aiming for the April 7 meeting) so trustees and the public can review boundaries, legal descriptions and next steps together. Staff outlined the next required procedural steps: filing plans with the village clerk, beginning a notice period for a public hearing, passing an ordinance to set the public hearing date, updating interested‑parties registration, and convening a TIF joint review board if the board decides to move forward.
Mode said the village is coordinating its consultant and special counsel time to present both drafts and that the board could stagger the timing if necessary. No final action to create either TIF was taken; trustees asked staff to return the drafts and a recommended schedule for hearings and the joint review board process.
Why it matters: If the board proceeds, a TIF would change how incremental property-tax revenue within the designated boundary is used for redevelopment and public improvements and would require public hearing(s) and joint-review‑board consideration.
What’s next: Staff and counsel will present the draft plans to the Committee of the Whole and recommend dates and steps for public notice and hearings; trustees will consider ordinances and interested‑parties updates once drafts are finalized.
