Maywood trustees back Class 6B incentive for proposed 79,869 sq. ft. development and approve façade grant expenditure
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Summary
On May 4, 2021 the Maywood Board of Trustees approved a Class 6B tax incentive for a proposed 79,869-square-foot facility at 1900 South Maywood, reviewed TIF performance and authorized a TIF-funded façade improvement at 100 West Madison Street; trustees also agreed to suspend new façade program applications pending ordinance review.
The Village of Maywood Board of Trustees on May 4 approved a Class 6B tax incentive for a proposed 79,869-square-foot development at 1900 South Maywood after a presentation from the project architect and legal representatives.
Architect Jacob Karmol and attorney Peter Tsantilis outlined the proposal; Mark Rogers of Liston & Tsantilis described anticipated economic benefits and employment opportunities tied to the new construction and substantial rehabilitation request. Trustee Booker moved to approve the tax incentive; Trustee Sanchez seconded and the measure passed unanimously.
Village Manager Willie Norfleet also reviewed the Madison Street–Fifth Avenue tax increment financing (TIF) district, describing the TIF as successful in meeting redevelopment goals. The board later approved Ordinance CO-2021 to authorize TIF expenditures covering façade work (windows, tuckpointing and door repairs) for Mohammad Musa, doing business as Sharks Fish & Chicken at 100 West Madison Street. That ordinance was moved by Trustee Brandon, seconded by Trustee Jones, and carried on a unanimous vote.
Trustee Booker recommended by board consensus that the village suspend new façade program applications until village attorney Michael Jurusik drafts revised ordinance language and the board reviews it; Mayor Edwenna Perkins and Trustee Brandon opposed the suspension. Jurusik had earlier advised the board to hold a workshop to consider proposed zoning or moratorium language related to certain businesses and the façade program.
Votes at a glance: the Class 6B incentive for 1900 South Maywood was approved (motion: Trustee Booker; second: Trustee Sanchez). Ordinance CO-2021 authorizing the TIF-funded façade improvements at 100 West Madison Street was approved (motion: Trustee Brandon; second: Trustee Jones). The board also approved routine warrant and omnibus payments earlier in the meeting (see meeting record).
What happens next: the attorney will draft revised façade-program language for board review, and village staff will proceed with any administrative steps required to implement the approved TIF expenditure and the Class 6B incentive per municipal procedures.