Developer seeks full TID backing for Rocket Wash; board approves master plan but tables full TID request
Developer Mike Wilkam asked the village for 100% TID participation to help pay for a DOT-required public road estimated at $1,000,000; staff recommended 50% of tax increment and trustees approved the master conceptual plan and comprehensive plan amendment but tabled the TID assistance request for up to two meetings.
The full story
A developer pitching a Rocket Wash at the southwest corner of State Highway 165 and State Highway 31 asked the Village Board for full tax-increment financing (TID) participation to cover construction of a DOT-required public road that staff estimated would cost about $1,000,000.
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