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Officials: $27 million estimate is a planning bucket for possible roads, sewer and water; not committed projects
Summary
Staff and advisers told the Planning Commission the $27 million number in the TID amendment is an estimate for potential water, sewer and roadway projects in the amended area and represents planning categories not finalized projects.
Planning staff and the village’s municipal adviser emphasized that the roughly $27 million cited for projects inside the proposed TID 11 boundary is an estimate used in the project plan to show financial feasibility, not a list of firm, funded projects.
"We usually take a look at the area, and we know that there might be sewer extensions, lift stations needed, road improvements needed," said Matt, a staff analyst, explaining that project categories are buckets used to project potential costs until actual development proposals arrive. Jim Towne, the village’s municipal adviser, characterized the plan assumptions as conservative and tied to statutory requirements: "Maps must contain what is reasonably expected to occur," Towne said, adding that Department of Revenue review often results in requests for clarification or additional documentation. Staff also explained the village traditionally uses PAYGo—the village only spends TIF funds when increment is generated—meaning projects would not proceed until funding exists.
