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Village leaders steer TID extension money toward lead service lines rather than streetlight charge
Summary
Trustees signaled they prefer using the 25% portion of TID 1 extension funds for lead service-line replacements rather than offsetting the streetlight charge; staff will evaluate specifics and return with details.
Trustees at the Committee of the Whole meeting signaled consensus to use the 25 percent portion of TID 1 extension funds to support lead service-line replacement work rather than to offset the new streetlight charge.
Background: When the village extended TID 1 it set aside up to 25 percent of the extension’s incremental revenue for improving the housing stock. Village staff and trustees debated whether that "25 percent" bucket could legally be used…
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