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Board adopts inducement resolution to study Dempster Street redevelopment; village shares early plans for new Village Hall and police station
Summary
The Morton Grove Board of Trustees on July 22 unanimously approved an inducement resolution to study potential Tax Increment Financing for redevelopment along Dempster Street and staff shared early designs for a Village Hall and police facility at 6201 Dempster Street.
The Morton Grove Board of Trustees on July 22 unanimously approved a resolution that authorizes the village to incur and later seek reimbursement for expenses related to evaluating and negotiating potential redevelopment projects along the Dempster Street corridor.
The resolution, presented by Chuck (Administrator), is an inducement measure intended to start the legal and public process necessary to consider a Tax Increment Financing (TIF) designation along Dempster Street. Chuck read from the legislative summary, saying the resolution “authorizes future reimbursements of expenses incurred by the Village and potential developers to improve and redevelop the Dempster Street redevelopment project area.”
Why it matters: Staff said the corridor from Central…
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