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Wauconda board approves redevelopment amendment and two 1% local taxes; consent agenda passes
Summary
The Wauconda Village Board on Aug. 18 approved a TIF amendment for Bradford DIR LLC and reimplemented a 1% grocery tax and a 1% local sales tax for infrastructure and municipal purposes; all measures passed on roll-call votes.
The Wauconda Village Board on Aug. 18 approved a set of measures aimed at supporting downtown redevelopment and bolstering municipal revenues.
Staff described and the board approved a resolution amending the redevelopment agreement with Bradford DIR LLC to provide additional TIF-eligible reimbursements for the Brown Street and Liberty Street project, authorizing up to $1,250,000 in reimbursement for eligible costs, removing a named Starbucks requirement from the agreement and requiring the developer to open two restaurant or retail food-service establishments in 2026–27. "[The amendment] authorize[s] up to $1,250,000 in reimbursement for TIF eligible costs to redevelop the property at…
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