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Gibson City approves downtown TIF façade grants for four businesses totaling up to $70,000
Summary
Council approved four downtown Tax Increment Financing façade grants—up to $20,000 for Gibson City Restoration Association, $30,000 for The Fashion Shop, $10,000 for Strictly Kids Resale Shop and $10,000 for Eric Lundquist; Alderman Randy Wyant abstained on TIF votes because he owns property in the TIF district.
The Gibson City Council approved four downtown TIF façade grant applications during its May 27 meeting, authorizing up to $70,000 in potential awards.
The council considered applications for the following awards: up to $20,000 for Gibson City Restoration Association; up to $30,000 for The Fashion Shop; up to $10,000 for Strictly Kids Resale Shop; and up to $10,000 for Eric Lundquist (West 8th Street). Alderman Ray Hankes moved the first motion for the Gibson City Restoration Association and Alderman Terry Roesch and Alderman Laura Miller moved/seconded subsequent motions. Alderman Randy Wyant abstained from the TIF votes, citing ownership of property in the TIF district.
Council discussion did not include detailed design plans, vendor bids, or an explicit funding schedule in the meeting record. The motions as presented authorized staff to issue the grants up to the amounts listed; the council did not state specific disbursement timelines at the meeting.
