On June 8, 2015 the Mayor and Council approved a Development Agreement with MTI, Inc. to facilitate the redevelopment of two buildings in the downtown: the Hub Theater and former Graber Building. Per the Development Agreement the City will pursue the formation of a TIF District, to include these properties, and reimburse MTI up to 20% of TIF-eligible costs for purchase and renovation of the Hub Theater and up to 10% of TIF-eligible costs for purchase and renovation of the Graber building. The City Council also approved an Inducement Resolution as the first step in the process of establishing a TIF District.
pdf Re-development Plan & Program (4.88 MB)
pdf Rochelle TIF Eligibility 11 20 15 (2.81 MB)
pdf Public Meeting Presentation - September 15, 2015 (2.97 MB)
