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Rio Village Board unanimously approves termination of Tax Incremental Districts 1 and 3
Summary
At its April 7 meeting the Rio Village Board approved Resolution 2025-02 and Resolution 2025-03 terminating Tax Incremental Districts 1 and 3; both measures passed unanimously with motions recorded during the finance report.
The Rio Village Board voted unanimously April 7 to terminate two tax incremental districts after motions made during the finance report.
Trustee Stan Stofflet moved to approve Resolution 2025-02 to terminate Tax Incremental District 1; Trustee Keith Kilen seconded the motion and the board carried it unanimously. Later in the same finance segment Trustee Jon Landsverk moved to approve Resolution 2025-03 to terminate Tax Incremental District 3; Trustee Kilen seconded and the motion also carried unanimously.
Both resolutions were recorded as part of the finance report. The transcript does not include further detail on the near-term financial or administrative steps that will follow the terminations. The board’s approval was entered into the minutes as unanimous on both items.
The board adjourned at 6:25 p.m.; the clerk’s record of the meeting is on file.
