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Joint Review Board accepts FY24 Downtown TIF compliance report; 2025 budget summary presented
Summary
The Joint Review Board for the Downtown TIF District approved the June 27, 2024 minutes and accepted the FY24 TIF compliance report. Director of Finance Kristi Ward-Nickels presented a written transmittal of the 2025 budget and project summary; no further action was taken.
The Joint Review Board for the Downtown Tax Increment Finance District met June 26, 2025, in the Municipal Complex Village Board Room in Huntley. Huntley Village President Timothy Hoeft called the meeting to order at 3:00 p.m.
Board Member Frank Novak moved to approve the June 27, 2024 meeting minutes as written; Board Member Scott Crowe seconded. Board Members Daniel Wagner, Scott Crowe, Frank Novak and Chairperson Timothy Hoeft voted aye and the motion carried 4-0-0.
Chairperson Timothy Hoeft requested a motion to accept the annual TIF compliance report for fiscal year 2024. Board Member Frank Novak moved to accept the FY24 report and Board Member Scott Crowe seconded; the same four members voted aye and the motion carried.
Director of Finance Kristi Ward-Nickels provided a written summary of the 2025 Budget and Projects for the Downtown TIF District. The minutes record that the item was presented for transmittal only and no board action was taken on the budget summary.
There were no public comments and no questions or comments recorded on the budget transmittal. With no further business, Board Member Daniel Wagner moved to adjourn at 3:05 p.m.; Board Member Scott Crowe seconded and the motion carried 4-0-0.
The minutes were signed and respectfully submitted by Sarah Palaszewski, Assistant to the Village Manager/Deputy Village Clerk.
