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Board reviews Woodridge TIF intergovernmental agreement; district to consider signing next month
Summary
District administrators presented a first review of an intergovernmental agreement with the Village of Woodridge related to a proposed TIF; officials said the IGA protects district interests, revenue outcomes depend on whether residential development occurs, and the agreement will return for board authorization next month.
Administrators presented a first-review intergovernmental agreement (IGA) between Community High School District 99 and the Village of Woodridge concerning a proposed tax increment financing (TIF) district.
Hank Willis said district attorneys and administration worked with impacted elementary districts and Village staff to craft an agreement the district’s lawyers consider protective of the district’s interests. The IGA was provided for…
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