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Indian Head Park board schedules Dec. 11 hearing on proposed Triangle Area TIF district
Summary
Trustees voted 5‑0 to set a Dec. 11 public hearing on a proposed Triangle Area tax‑increment financing (TIF) district and approved an interested‑parties registry. Village staff presented scenarios showing a wide range of possible TIF revenues and outlined required oversight and next steps.
The Indian Head Park Board of Trustees voted unanimously Oct. 9 to set a public hearing for Dec. 11, 2025, on whether to create the proposed Triangle Area Tax Increment Financing (TIF) district.
Gavin Morgan, presenting to the board, said, “This is not a decision on whether to establish the TIF District or not. This is just a decision on whether or when, and where to schedule the public hearing.” Morgan told trustees the TIF would freeze the district’s equalized assessed value (EAV) and capture any future increment for reinvestment in public improvements inside the district.
Morgan said the current base EAV for the proposed district is about $5,100,000 and that village…
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