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
II. ROLL CALL:
III. PUBLIC COMMENTARY:
IV. BUSINESS ITEMS:
1) Public Hearing – Northern Gateway Tax Increment Financing District
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.
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
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.