Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Tid Assistance topic
No spam. Unsubscribe anytime.
Developer seeks full TID backing for Rocket Wash; board approves master plan but tables full TID request
Summary
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.
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.
Presenter Mike Wilkam said the project has already incurred roughly $120,000 in design and traffic-study costs and that a partner (Kwik Trip) had earlier been expected to contribute half the road cost; he told trustees that "So my 600,000 dropped to 300,000." Wilkam said losing the diesel freight fueling option removed his cost partner and left the development carrying a larger share of the road expense. He asked the board to "participate in the TID at 100% so that we can get over the next 20 years the 636 back for a road that's going to cost us 1.8" (summary of his fiscal framing).
Village staff (Rob) explained the village's typical Municipal Revenue Obligation (MRO) approach and recommended a 50% share of tax increment to limit impacts on other TID projects. In staff's words, "the developer would receive 50% of the actual tax increment received by the village from taxes levied on Parcel 1 which is the northernmost parcel which is his rocket wash development in a given year for the life of the TID." Trustees pressed on traffic safety, distance of the curb cut from Highway 165, school drop-off stacking at Sonnenburg School and whether other parcels would share construction risk. The village's traffic and police perspectives were cited as supportive of DOT engineering reviews but flagged for future signal needs at 108th and Highway 31.
On procedural actions the board approved the master conceptual plan and a neighborhood comprehensive plan amendment related to the project, but trustees voted to table the specific TID assistance item (item 7f) for up to two meetings to allow staff to further analyze cost sharing and long-term TID impacts. At the meeting trustees asked staff to return with tighter financial analysis and clearer allocation proposals before a funding commitment is made.
