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Campton Hills board approves LaFox Road redevelopment plan and TIF district
Summary
The Village Board on May 12 approved three ordinances establishing the LaFox Road redevelopment plan, designating a redevelopment project area and adopting tax-increment allocation financing to move a large housing and infrastructure project forward; developers and staff said the votes are the first necessary step toward bonds and a redevelopment agreement.
The Campton Hills Village Board voted May 12 to approve three ordinances that clear the way for redevelopment along LaFox Road and establish tax-increment financing to support the project.
The board approved Ordinance 26-24 (the redevelopment plan and project), Ordinance 26-25 (the redevelopment project area) and Ordinance 26-26 (the tax increment allocation financing mechanism) after hearing detailed updates from village counsel and the developer. The motions passed on recorded roll calls.
Why it matters: Counsel Carmen told trustees these ordinances are formulaic, statutorily required steps that define the plan, map and district for a TIF; the redevelopment agreement (RDA) that spells out reimbursements, priorities and construction milestones will follow and must be approved separately. "Technically... I can't have an RDA agreement if there's no TIF district," developer David Patzelt said, arguing the approvals give lenders and bond counsel the certainty they need to continue underwriting costs.
Board and developer statements: Patzelt told the board the approvals help the developer demonstrate financing capacity to bond counsel and lenders but do not commit the village to specific reimbursement terms, which will be set inside the later RDA. He described the RDA and TIF process as "like climbing a ladder" with the TIF district as an early rung the developer needs to move forward.
Staff numbers and schedule: A consultant cited a planning-range estimate of roughly $32,500,000 over a 23-year horizon for TIF calculation and said KDOT had provided preliminary feedback about developer obligations that could range from $1 million to $2 million. Counsel and staff said the redevelopment agreement remains under negotiation and that bond counsel may request additional language; the developer said engineering and some consultant work are already under way, including engineering contracts that total about $1,000,000.
Other context: Trustees and representatives also discussed related intergovernmental agreements, access roads and a planned fire station site. Drew, speaking for open-space partners, said the forest preserve remains committed to acquiring related land and that funds are "on the shelf" pending closing, urging the board to move promptly to avoid competing high-density authorities from triggering changes in state planning law.
What happens next: Staff and the developer said a draft RDA would be provided when key items are stable and that the board scheduled a more detailed RDA discussion for May 26. The ordinances approved May 12 establish the statutory framework for a TIF district but do not finalize reimbursement terms or construction timelines.
