Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council adopts ordinance dissolving TIF 4 after debate over lost school revenues
Summary
The Marseilles City Council voted to adopt Ordinance 19-07 to dissolve the city’s TIF 4 redevelopment area for a former Illinois Valley Cellular site after council debate about whether city ownership will reduce school district tax revenue.
The Marseilles City Council on March 2 adopted Ordinance 19-07 to dissolve the special tax allocation fund and terminate the city’s TIF 4 redevelopment project area, a district created in 2000 to retain Illinois Valley Cellular’s operations.
Council members and staff said the TIF had been used to improve and preserve a building that otherwise would have sat vacant; staff explained the district exhausted its incremental funds and that the city later acquired the property. The ordinance was moved and seconded and…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
