Planning and Development Committee summary | Global Trade Park South Redevelopment | Rockford | The Common News

Summary

Planning and Development Committee summary

RockfordJun 23, 20262 min read

At a glance

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The committee approved a ComEd easement, ended one redevelopment tax district, advanced a new South Rockford industrial tax increment financing district, and approved a $300,000 program to help fill vacant commercial spaces and support small businesses.

Projects mentioned

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Rockford Industrial Tax Increment Financing District Redevelopment South Rockford Industrial Redevelopment Global Trade Park South Redevelopment

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Planning and Development Committee

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Budget & TaxCommerceHousing

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What this means

The committee approved giving ComEd an easement for city-owned property at 850 S. Horace Ave. It also approved ending the Global Trade Park South redevelopment area and moving forward with a new South Rockford industrial tax increment financing district, which is a tool that can redirect future tax growth to support redevelopment. Members approved a $300,000 Spaces to Places program that can help new or expanding businesses with rent and security deposits. Two funding proposals were not approved: $400,000 for prevention and intervention programming, and $822,000 for a mobile grocery store.

Key decisions

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Approved a grant of easement to ComEd for city-owned property at 850 S. Horace Ave.
Denied a $400,000 funding agreement with Comprehensive Community Solutions for prevention and intervention programming.
Denied an $822,000 funding agreement for a mobile grocery store with Angelic Organics Learning Center Inc. d/b/a Farmers Rising and City Center Market.
Approved ending the Global Trade Park South Redevelopment Project Area and dissolving its special tax allocation fund.
Approved the South Rockford Industrial Tax Increment Financing District redevelopment project area.
Approved designating the South Rockford Industrial Redevelopment Project Area.
Approved adopting tax increment allocation financing for the South Rockford Industrial Redevelopment Project Area.
Approved the Spaces to Places Program with up to $300,000 from 2026 and 2027 Casino Funds.

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Meeting information

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Planning and Development Committee

Jun 23, 2026, 12:30 AMCity Hall, Second Floorcompleted

Agenda

The following represents, in general, the chronological order of proceedings at the City Council/Committee Meetings: Call to Order, Invocation, Pledge of Allegiance, Public Speaking and City Council/Committee Agendas. Meeting will be live streamed on Channel 17 and via this link: https://rockfordil.legistar.com/Calendar.aspx.
CALL TO ORDER
COMMITTEE REPORTS
Committee recommends approval of the proposed Grant of Easement to Commonwealth Edison for the city-owned property located at 850 South Horace Avenue, Rockford, Illinois (PIN: 11-21-377-003).
Committee recommends denial of the proposed Funding Agreement with Comprehensive Community Solutions (CCS) to expand prevention and intervention programming in collaboration with the City of Rockford's Community Healing Center in the amount of $400,000.00. The funding source is Cannabis Funds.
Committee recommends denial of the proposed Funding Agreement with Angelic Organics Learning Center Inc., an Illinois not-for-profit corporation d/b/a Farmers Rising in partnership with City Center Market for the establishment of a Mobile Grocery Store in the amount of $822,000.00. The funding source is 2025 and 2026 Casino Funds.
Committee recommends approval of an ordinance terminating the Global Trade Park South Redevelopment Project Area and the Dissolution of the Special Tax Allocation Fund for Global Trade Park South Tax Increment Financing District. (LAID OVER JUNE 29, 2026)
Committee recommends approval of an ordinance approving the South Rockford Industrial Tax Increment Financing District Redevelopment Project Area. (LAID OVER JUNE 29, 2026)
Committee recommends approval of an ordinance designating the South Rockford Industrial Redevelopment Project Area. (LAID OVER JUNE 29, 2026)
Committee recommends approval of an ordinance adopting Tax Increment Allocation Financing for the South Rockford Industrial Redevelopment Project Area. (LAID OVER JUNE 29, 2026)
RESOLUTIONS
Committee recommends approval of the Spaces to Places Program, which is intended to reduce commercial vacancies and support small business growth by providing temporary rent assistance for new or expanding businesses. The city will reimburse security deposits and 50% of rent for up to 12 months for a total funding level of up to $20,000.00 per business. The program will have $300,000.00 designated from 2026 and 2027 Casino Funds. (LAID OVER JUNE 29, 2026)
ADJOURNMENT
THE CITY OF ROCKFORD INTENDS TO COMPLY WITH THE INTENT AND SPIRIT OF THE AMERICANS WITH DISABILITIES ACT. IF A SIGN LANGUAGE INTERPRETER, PERSONAL P.A. SYSTEM, OR OTHER SPECIAL ACCOMMODATIONS ARE NEEDED, PLEASE CALL THE LEGAL DEPARTMENT AT (779) 348-7391 AT LEAST 48 HOURS IN ADVANCE, SO WE CAN BE PREPARED TO ASSIST YOU.
Alderwoman Granath made a motion to adjourn. Alderman Durkee seconded. MOTION PREVAILED by unanimous voice vote. The meeting closed at 9:23 PM.
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