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Roselle board backs $300,000 TIF inducement to help open meat-smoking business at 225 E. Irving Park Rd.
Summary
The Village Board directed staff to pursue a $300,000 TIF incentive for redevelopment at 225 East Irving Park Road, agreeing in principle to split the payment 50% at closing and 50% on issuance of a certificate of occupancy; staff was asked to return with clawback and contract terms.
The Roselle Village Board on March 9 directed staff to negotiate Tax Increment Financing assistance of up to $300,000 to support redevelopment of 225 East Irving Park Road, the site of the former little market, and asked staff to return with draft clawback terms.
Planner Caitlin presented the request for the petitioner, saying the owner, identified in the presentation as Assad John, plans to open a meat-smoking business called Carnivore US that will include retail, wholesale and a restaurant counter. "The biggest ... the property owner is kinda grappling with…
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