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Lisle board approves Lincoln Avenue/Route 53 TIF, special-use permits and $2.46M consent package
Summary
At its Oct. 20 meeting the Lisle Village Board adopted three ordinances to create the Lincoln Avenue/Route 53 Tax Increment Financing (TIF) district, approved two special-use permits and passed a consent agenda that included $2,455,767.92 in invoices (largely TIF disbursements) and contracts for a water/sewer rate study and Burlington Avenue work.
The Lisle Village Board on Oct. 20 approved multiple development and administrative measures, including creation of the new Lincoln Avenue/Route 53 tax increment financing district, special-use permits for properties on Cabot and Ogden drives, and a consent agenda that included $2,455,767.92 in invoiced payments, a water and sewer rate study contract and an engineering amendment for Burlington Avenue.
Village Manager Cook told the board the three ordinances concerning the Lincoln Avenue/Route 53 TIF implement the redevelopment plan and eligibility report prepared after about a year of work and a Joint Review Board recommendation. Special TIF counsel Joseph Jurczyk was present during discussion. Cook said the district is intended “to address the project area, including the expansion and retention of automotive dealerships in Lisle.” The board adopted the ordinances by roll call.
The consent agenda passed on a…
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