Board Approves Redevelopment Agreement
At a glance
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The Village Board approved the Voortman redevelopment agreement, including an 80% TIF request covering $6.9 million in eligible costs, pending final ordinances at the next meeting.
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What this means
The agreement would use tax increment financing, a tool that directs future increases in property-tax revenue toward eligible redevelopment costs. The board also approved a $39,114.78 John Deere Gator with snow attachments and equipment for Public Works. Streetlights were installed along Industrial Drive and Cleveland Avenue, but final wiring was still pending.
Key decisions
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- Approved Resolution 2026-1 authorizing municipal work within the IDOT right-of-way.
- Approved the purchase of a John Deere Gator 845M HVAC with snow attachments and equipment for $39,114.78.
- Approved the Voortman redevelopment agreement with an 80% TIF request for $6.9 million in eligible costs, pending final ordinances at the next meeting.
- Approved the consent agenda, including prior meeting minutes, two payroll periods, and bills.
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