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New TID 12 posts first increment and plans MRO for corner development
Summary
TID No. 12 (Lakeview East/Hwy 31) posted its first 2025 increment (~$109,000) and staff said a car-wash developer plans an MRO and road work; the board received and filed the annual report.
Cathy, the village finance director, said Tax Increment District No. 12 (Lakeview East and Highway 31 area), created April 22, 2024, recorded its first tax increment in 2025 of just over $109,000.
She reported 2024 revenue of about $20,000 from a parcel sale and 2025 increment of roughly $109,000; uses are primarily administration and professional fees. Cathy told the board that a car wash at the corner of State Trunk Highway 165 and Highway 31 will undertake road work and will have an associated MRO to serve the site.
The board moved to receive and file the annual report for TID No. 12. The motion passed unanimously.
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