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Streator council approves amendments establishing changes to TIF Districts 2 and 6
Summary
The Streator City Council approved a package of ordinances that amend Tax Increment Financing (TIF) District 2 and create a new TIF District 6, formally designating project areas and adopting tax increment allocation financing; council members voted unanimously.
The Streator City Council on a unanimous vote approved a set of ordinances that amend the redevelopment plan for Streator TIF District 2 and establish a new Streator TIF District 6. The package included three ordinances for TIF District 2 — an amendment to the redevelopment plan, designation of the amended project area, and adoption of tax increment allocation financing — and three parallel ordinances for TIF District 6, the council was told. City staff said the TIF 2 amendments…
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