DATE
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TASK
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| October 4, 2005
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Village Board passes resolution to hold a Public Informational
Meeting explaining the TIF procedures that will be used for Amendment #3. Public
meeting date is set for October 26th. Interested Parties Ordinance is also passed by Village Board, which establishes
a registry for all those individuals interested in receiving information about
updates to the redevelopment project areas in the TIF.
Link to
Interested Parties Form
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|
October 10, 2005 |
Public Meeting notices are sent to residential addresses and
taxpayers within TIF and to taxing districts and any interested parties.
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| October 26,
2005 |
Public Meeting is held at
Village Hall to review TIF “basics”.
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November 14,
2005 |
Draft TIF Plan Amendments and Eligibility Report put on file
for public review at Village's Clerk's office and could also be viewed here.
Draft of Redevelopment Plan for Amendment #3
|
| December 6,
2005 |
Village Board approves TIF Public Hearing resolution that
authorizes time and place for the public hearing concerning the draft TIF Plan
and Eligibility Report. The resolution also authorizes KMA (Village
Consultant, working on Amendment #3) to prepare additional notices as required
by the TIF Act.
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|
December 19,
2005 |
Notice of Public Hearing sent to affected taxing
districts, IDCEO, and interested parties. The notice also includes the time
and the place of the Joint Review Board (JRB) meeting for the proposed TIF
district, as well as draft copies of the amendments to the TIF Plan and
Eligibility Report.
Interested Parties notice also sent to residential addresses within 750
feet of proposed boundaries of the proposed TIF District.
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| January 4,
2006 |
First meeting of the Joint Review Board held for the
proposed TIF District amendments. The JRB reviewed the documents and proposed
ordinances regarding the proposed TIF District.
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January 16,
2006 |
Village published
Notice of Public Hearing and sent Notices of Public Hearing to all
property taxpayers of record and residential addresses in the proposed TIF district.
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| February 7,
2006 |
Village held a public hearing for the proposed TIF
district amendments. Any interested person or affected taxing district could
have filed
written objections or be heard orally in this forum.
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|
August 15,
2006 |
Village Board introduced and adopted ordinances
for the proposed TIF district amendments necessary to amend the TIF Plan,
amending the Redevelopment Project Area, and confirming tax increment financing.
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Immediately after passage of the ordinances amending the boundaries of the TIF
district, the Village Clerk transmitted the ordinances to the County Clerk.
The County Clerk will determine the most recently ascertained equalized assessed
value of each parcel of real property in the amended areas of the TIF district,
as well as the "total initial equalized assessed value" of the taxable real
property within the TIF district and provide a written certificate stating the
TIF "base" EAV for the amended areas of the TIF district.
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