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Council postpones votes on two downtown TIF redevelopment forgivable loans
Summary
Two separate downtown redevelopment agreements — for 206 East Lincoln and for 323/333 East Lincoln — were discussed and broadly supported but postponed pending Joint Review Board feedback; both projects involve forgivable TIF loans for life-safety improvements such as sprinklers.
The DeKalb City Council discussed two downtown redevelopment proposals that would use TIF forgivable loans to pay for life-safety improvements but postponed action until the Joint Review Board (JRB) and other taxing bodies complete informal review.
City staff described both projects as significant downtown investments. The first, a proposed development agreement with 206 East Lincoln LLC, would provide a forgivable TIF loan of $98,000 tied to installation of a fire suppression system required for a planned restaurant use in the former…
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