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Council sets public hearings, registry for proposed TIF changes including VEX property
Summary
The Streator City Council voted to set public hearing dates and adopt an interested‑parties registry as part of proposed amendments to Tax Increment Financing (TIF) Districts tied to redevelopment near the VEX property.
The Streator City Council voted to set public hearing dates and establish an interested‑parties registry for proposed amendments to two Tax Increment Financing districts that are tied to a larger redevelopment project involving the VEX property.
City staff told the council that by statute the city must hold public hearings and establish a registry of interested parties as part of creating or amending a TIF district. "By…
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