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Crainville passes redevelopment agreement with Turners Table using TIF
Summary
The board passed Ordinance 2026-2 authorizing a redevelopment agreement between the Village of Crainville and Turners Table, LLC to remodel and improve property using Tax Increment Financing; Moran Economic Development provided the contract terms.
The Crainville Village Board voted to pass Ordinance 2026-2 on May 26, 2026, authorizing a redevelopment agreement with Turners Table, LLC for remodeling and redevelopment of property using Tax Increment Financing (TIF). Jim Rains moved the ordinance and J.D. Williams seconded; the President declared the motion carried.
Moran Economic Development told the village that Turners Table is within the village’s TIF district and therefore eligible for funding toward property improvements; Moran provided a contract that sets the terms between the village and Turners Table. The ordinance language recorded in the minutes reads: “Ordinance authorizing a Redevelopment Agreement with Turners Table, LLC for the Remodeling & Redevelopment & Improvement of Certain Property Utilizing Tax Increment Financing.” The minutes do not include the dollar value of the redevelopment agreement, the precise improvements planned, or a timeline for completion.
The clerk's minutes reflect the board's passage of Ordinance 2026-2. The record indicates the village will proceed under the TIF framework; specifics of the agreement are expected to be documented in the contract provided by Moran Economic Development.
