Monday July 23, 2018 - Rochelle City Hall Council Chambers - 6:45PM - 420 North 6th Street, Rochelle, Illinois
I. CALL TO ORDER:
• Pledge to the Flag
• Prayer
II. ROLL CALL:
III. PUBLIC COMMENTARY:
IV. BUSINESS ITEMS:
1) Public Hearing – Northern Gateway Tax Increment Financing District
V. ADJOURNMENT
The Council Meeting will be broadcast live on Facebook
Agenda Item #1 - Public Hearing for the City of Rochelle Northern Gateway Tax increment Financing District Redevelopment Plan and Project
Staff Contact: Michelle Pease, Community Development Director
Summary: Under the requirements of the Tax Increment Allocation Redevelopment Act, the Corporate Authorities of the Municipality are required to hold a public hearing on the proposed Redevelopment Plan and Redevelopment Projects, Redevelopment Project Area and Adoption of Tax Increment Allocation Financing.
This public hearing shall suffice that requirement.
Next Steps:
1. Ordinance presented to City Council on August 13, 2018.
-TIF Plan and Redevelopment Project
-Designation of the Northern Gateway TIF Area
-Adoption of the TIF
2. Registration of TIF with the County Clerk
Recommendation:
Council to approve ordinances to adopt the TIF Plan & Redevelopment Project and Designate the Northern Gateway TIF Area at the August 13, 2018 City Council meeting.
Supporting Documents:
