Council approves capped TIF funding
At a glance
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The City Council approved a TIF agreement for 107 W. 2nd Street, authorizing 75% of the bid up to $39,360.77 in a 5-1 vote.
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What this means
The approved funding will support work at 107 W. 2nd Street through the City’s tax increment financing program, with the City’s contribution capped at $39,360.77. Council also approved $78,400.38 in bills, renewed its Illinois Municipal League membership, and authorized attendance at the 2026 IML Conference. Street, sewer, wastewater treatment plant, and water main projects remain in planning or contracting stages.
Key decisions
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- Approved the June 17, 2026, City Council minutes as amended, 6-0.
- Approved the July 1, 2026, List of Bills totaling $78,400.38, 6-0.
- Approved a TIF agreement for 107 W. 2nd Street for 75% of the bid, not to exceed $39,360.77, 5-1.
- Approved renewal of City membership in the Illinois Municipal League, 6-0.
- Approved attendance at the 2026 Illinois Municipal League Conference, 6-0.
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