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Consultant apologizes for TIF mailing oversight; Lisle to reestablish two districts at no cost to village
Summary
SB Friedman said it inadvertently excluded the DuPage Water Commission from required mailings and will reestablish the Lincoln Avenue/Route 53 and East Ogden TIF districts, bearing mail costs and offering an extra year of increment collection; attorney said process could take 4–5 months.
Lisle officials were told on Feb. 24 that two Tax Increment Financing (TIF) districts will be terminated and reestablished after a consultant inadvertently omitted a required mailing to an overlapping taxing district.
Caitlin Johnson, senior vice president with SB Friedman, told the Committee of the Whole that the firm omitted the DuPage Water Commission from the statutory mailing list…
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