Village trustees asked staff to prepare a resolution to approve a redevelopment agreement and discussed which project expenses would be reimbursable under a future Tax Increment Financing (TIF) district, village staff said at the meeting. Trustees later moved to a closed session for personnel matters and did not return to public comment.

Village staff told trustees that some predevelopment costs — including consultant fees — would likely become reimbursable once a TIF is created, but that timing of reimbursements depends on closing and on whether the TIF is in place. “There will be a certain point where the expenses will then end up being reimbursable on the TIF,” a staff member said, adding that reimbursements could occur after closing on the property or once the TIF is formally established. The staff member said that whether the village or the developer initially pays those costs is a negotiation point in the redevelopment agreement.

The staff member said a developer could agree to keep an escrow in place and continue paying consultant bills until tax increment revenue is available. “The developer can agree to continue to pay that escrow until there is increment available,” the staff member said. The trustee who spoke argued the village should not be responsible for structural work for the project, calling the development “self-funding” for construction-related costs.

Officials discussed which infrastructure elements might be eligible for reimbursement, noting that final engineering plans will determine what is inside the developer’s site and what is outside and subject to separate village ownership. The staff member said utilities and stormwater work tied to the facility could be eligible: “If there are costs that would be associated with the facility’s own utilities, stormwater, whatever they might be, they would likely be eligible expenses.” The staff member added that developers commonly construct infrastructure and later turn it over to the village, and that reimbursements can be part of those negotiations.

Trustees reached consensus on asking staff to prepare a resolution to approve the redevelopment agreement and to place it on the next meeting agenda. Later in the meeting a motion was made to go into closed session for “appointment, employment, compensation, discipline, performance, or dismissal of specific employees or contractors.” The record in the available transcript does not show the final roll-call outcome of that motion.

The discussion combined staff explanations of how reimbursements under a TIF typically work with trustees’ concerns about fiscal exposure and developer commitments. The meeting record shows direction to prepare a formal resolution but does not include a final vote adopting the redevelopment agreement or details of any finalized reimbursement schedule.