South Mount Prospect TIF District

Ordinances

• Ordinance #6625 | Ordinance approving the South Mount Prospect TIF District Redevelopment Project Area Redevelopment Plan and Project
• Ordinance  #6626 | Ordinance designating the South Mount Prospect TIF District Redevelopment Project Area [May 3, 2022]
• Ordinance #6627 | Ordinance adopting tax increment financing for the South Mount Prospect Tax Increment Financing District. 
• Ordinance #6624 | Ordinance approving a technical change to the eligibility study [May 3, 2022]
• Ordinance #6615 | Ordinance calling for a public hearing and Joint Review Board meeting and the approval of a redevelopment plan and project for South Mount Prospect TIF District

Prospect & Main TIF District

Ordinances

• Establishing the Prospect and Main TIF: Ordinances #6293, #6294, #6295 [Adopted January 17, 2017]
• Establishment of Meeting Dates for the Public Hearing and Joint Review Board for the Prospect and Main TIF: Ordinance #6272 [Adopted October 18, 2016]
• Establishing a TIF Interested Parties Registry for the Prospect and Main TIF: Ordinance #6269 [Adopted September 20, 2016]
• Accepting a Proposal for Professional Services from S.B. Friedman to Determine the Feasibility of Creating a TIF District: VBA 53-16 [Approved August 16, 2016]

Resolutions

• Authorizing the Execution of an Intergovernmental Agreement (IGA) Between the Village of Mount Prospect, High School District 214 and the Mt. Prospect Park District Regarding the Mount Prospect Prospect and Main Tax Increment Financing District: Resolution #17-18 [Adopted April 17, 2018]. View staff report and associated attachments in BoardDocs.

Press Releases

• First Equity Group, LLC Working with Mount Prospect to Redevelop Central & Main Property [June 22, 2017]

Other Documents

• Mount Prospect to School District 57 TIF Update
• Interested Parties Registration Packet 
• Prospect and Main Financing Eligibility Study, and Redevelopment Plan
• Intergovernmental agreement between the Village and School District 214 
• Overlapping TIF Map for D214 Negotiations 
• Prospect and Main TIF District Financials - October 2018
• Prospect and Main TIF Full Proforma - October 2018 (New)

Joint Review Board

• JRB PowerPoint Presentation | November 19, 2020
• JRB Presentation - Financials | November 19, 2020
• JRB Notice and Agenda | November 19, 2020
• JRB Presentation - Financials | November 19, 2019
• JRB Presentation - Development Projects | November 19, 2019
• JRB Notice and Agenda | November 19, 2019
• JRB Presentation | November 5, 2018 
• JRB Notice and Agenda | November 5, 2018
• JRB Minutes |  November 21, 2016 [Draft]
• JRB Notice and Agenda | November 21, 2016
• JRB Minutes | November 7, 2016 [Draft]
• JRB Notice and Agenda | November 7, 2016

Downtown TIF District No. 1

Ordinances & Resolutions

• Terminating the Designation of the Downtown TIF District No. 1, Effective December 31, 2016: Ordinance #6273 [Adopted October 18, 2016]
• Resolution for an Intergovernmental Agreement to Extend the Term of Downtown TIF No.1: Resolution #1-06 [Approved January 17, 2006]
• Amendment #3 of Downtown TIF District No. 1.: Ordinances #5582, #5583, #5584 [Adopted August 15, 2006]
• Amendment #2 of Downtown TIF District No. 1.: Ordinances #4509, #4510, and #4511 [Adopted January 5, 1993]
• Amendment #1 of Downtown TIF District No. 1: Ordinances #4011, #4012, and #4013 [Adopted December 20, 1988]
• Establishing the Downtown TIF District No. 1: Ordinances #3554, #3555, and #3556 [Adopted August 20, 1985] 

Additional Documents

• Downtown TIF No. 1 Financial and Compliance Reports, 2010-2015 
• Downtown TIF Ad Hoc Committee Report, 2004
• Downtown TIF Strategic Plan, 1997

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