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Village approves $20,000 TIF façade grant for 14 South Lincoln Way
Summary
The Northrop Village Board approved a $20,000 TIF façade grant for 14 South Lincoln Way (the Farmers Insurance building), after staff said two contractor quotes exceeded $40,000 and the applicant requested the grant maximum.
The Northrop Village Board voted to award a $20,000 tax‑increment financing façade grant to the owner of 14 South Lincoln Way to pay for new siding on the Farmers Insurance building across from Bruno's.
Nathan, a village staff member, told the board the applicant provided two contractor quotes, both above $40,000, and "they're asking for the maximum of 20,000," and that the board had seen the request at the previous meeting. A motion to approve was made and seconded; the board approved the grant by roll call.
The board’s action funds a portion of the project cost; Nathan said the quotes were estimates and the grant covers the maximum allowed under the program. The agenda materials and prior meeting discussion were referenced by staff but no additional funding sources or conditions were listed at the meeting.
The item was approved during the new business portion of the Jan. 5 meeting; staff will proceed with next administrative steps to execute the grant agreement.
