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Council moves multiple Algonquin Road redevelopment and TIF ordinances to second reading
Summary
Six consent ordinances proposing redevelopment plans and tax-increment financing for Algonquin Road/Keystone Court and Algonquin Road/Orchard Drive were presented and moved forward for second reading without debate (roll call 5–0).
Council considered a consent package of six redevelopment-related ordinances (items E–J) as first readings on April 28 and moved them forward to second reading with a single motion. The ordinances would establish redevelopment plans and adopt tax increment allocation financing for two project areas: Algonquin Road/Keystone Court and Algonquin Road/Orchard Drive. Mayor Sanoica read the ordinance titles into the record and no alderperson requested removal from the consent agenda.
Alderperson Koehler made the motion to consider the six ordinances together for 1st reading and Alderperson O’Brien seconded. The roll call vote was 5–0 in favor; the ordinances advanced to a subsequent meeting for second reading and possible adoption. The measures, if adopted after second reading, would enable redevelopment planning and potential use of TIF for those corridors.
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