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Lisle board opens, then continues public hearing on proposed East Ogden Avenue TIF district
Summary
The Village of Lisle opened a public hearing on a proposed East Ogden Avenue tax increment financing (TIF) district June 16 and voted to continue the hearing to July 21 to allow further meet-and-confer discussions with other taxing bodies and additional review of the redevelopment plan.
The Village of Lisle on June 16 opened a public hearing on the proposed Village of Lisle East Ogden Avenue Tax Increment Financing District and voted to continue the hearing until July 21 to allow village representatives to continue meet-and-confer talks with other taxing bodies and to further evaluate the TIF plan.
The hearing matters because the designation would freeze equalized assessed values (EAVs) for properties inside the proposed district while increment taxes fund redevelopment projects; speakers at the hearing said the proposed boundary could shift future tax burdens onto school and other taxing districts if too much property is included.
Tom Hummel, a Lisle resident, urged the board to reduce the proposed boundary, saying the corridor already overlaps other TIF areas and that many parcels within the proposed boundary contain viable businesses. "This TIF isn't in a vacuum," Hummel said, adding that established businesses such as a recently approved Kwik Trip, a Speedway and Bill Kaye Chevrolet generate substantial sales tax and do not meet the TIF "but-for" test in his view. Hummel asked that "only the Lockformer parcel" be included in the district.
Property owner Sho Barbarota told the board he supports the TIF and said his more-than-one-acre parcel on Ogden Avenue has been difficult to develop without incentives. "I am very happy that the chamber decided to do TIF to give incentive to business," Barbarota said, and urged the board to consider ideas used in neighboring towns to attract development.
Joan Costin, a trustee for the Lisle Woodridge Fire Protection District, told the board the fire district is multi-jurisdictional and expressed concern that a large TIF could reduce revenue available to pay mandated pension obligations and other services.
Mayor Mullin and staff explained that notice of the hearing was published in advance and, on the recommendation of the village's TIF counsel, the board would open the hearing but continue it to allow additional discussions with other public bodies. The board voted to continue the hearing to Monday, July 21, at 7 p.m. in the village boardroom; the continuation was approved by roll call (Trustee Duffy, Trustee Saima, Trustee Grau, Trustee Lesniak, Trustee McGovern and Trustee Olson voting "aye").
The board did not adopt a redevelopment plan or make a designation at the June 16 meeting; further public comment and review will be heard at the July 21 public hearing when the village will report on the meet-and-confer outcomes.
