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Council approves partial assignment of CRA and TIF agreements for Rickenbacker lot
3629627 · June 3, 2025
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Summary
The council authorized the mayor to sign partial assignment and assumption agreements transferring existing Community Reinvestment Area (CRA) and TIF obligations for Lot 12 in Rickenbacker Exchange Part 3 to a new owner.
The Commercial Point Village Council voted to authorize the mayor to enter into a partial assignment and assumption of the village's Community Reinvestment Area (CRA) agreement and the tax increment financing (TIF) agreement for Lot 12 in Rickenbacker Exchange Part 3.
Council members said the action simply…
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