 Before the ordinances can be passed, the city must hold a public
hearing regarding the TIF district. The hearing will occur on Monday
at 7 p.m. at City Hall.The public is invited and encouraged to
attend this meeting with their questions about the proposals for the
TIF district that will be established in the downtown area of the
city.
Snyder said the three ordinances that must be passed will be for
the establishment of the district boundaries, to adopt the TIF
redevelopment plan and to establish the actual TIF district.
Snyder also told the council that the joint review board
established specifically for the TIF district has reviewed all the
documents and agreed unanimously to recommend them to the city.
The review board was made up of representatives from the city,
county, District 27 schools, Lincoln Community High School,
Heartland Community College and the Lincoln Park District. These are
all taxing bodies that will be affected by the establishment of the
TIF district.
In addition, Snyder told the council that three downtown
businesses are currently taking advantage of the enterprise zone. He
said that because no business can be part of both the enterprise
zone and the TIF, the three have to decide now which they wish to be
in.
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Currently, he said two businesses have said they will stay with
the enterprise zone, and the third is considering dropping out of
the enterprise zone to join the TIF.
Snyder said that before the city can vote, the third business
needs to make a decision because it will not be able to change after
the vote is taken.
It was also mentioned that letters had been mailed by the city to
everyone who would be affected by the establishment of the TIF
district. City Clerk Susan Gehlbach said that amounted to over 700
letters.
Before moving off the topic, Snyder also reminded the council
that the city website has a "frequently asked questions" page on the
proposed downtown
TIF district.
[By NILA SMITH]
TIF FAQs
Past related articles
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