October 27, 2016 - Update
On October 24, 2016, the Village Board held a public hearing regarding the proposed Madison Street TIF District. Three residents spoke to the Village Board and provided questions and comments. At the conclusion of the public hearing, the Village Board voted to close and adjourn the public hearing. Click here for the full audio of the meeting.
On November 28, 2016, the Village Board will consider adoption and creation of the proposed of Madison Street TIF District. The Village Board will consider three separate ordinances regarding the matter. The three ordinances are available to view by clicking on the links below.
- Click here for the proposed Ordinance regarding the TIF Redevelopment Plan Project
- Click here for the proposed Ordinance regarding Designating the TIF Project Area
- Click here for the proposed Ordinance regarding Adopting TIF Financing for the Madison Street TIF
There was a Joint Review Board Meeting held on Tuesday, September 13, 2016 at 6:00 PM in the Community Room of River Forest Village Hall - Click here for the Public Meeting Notice and Agenda. To hear the full audio of the meeting, please click here.
At the August 8, 2016 Village Board of Trustees meeting, the Village Board announced the availability of revised plans and reports regarding the implementation of a proposed Tax Increment Financing (TIF) district on the Madison Street corridor. These draft reports are accessible by clicking here.
On June 27, 2016, the Village Board of Trustees directed the Village Staff to amend the proposed Madison Street TIF plan to include language that single family properties will not be the subject of acquisition by the Village under eminent domain during the term of the tax increment financing district. This work is underway and revisions will be brought back to the Village Board in late July/early August. The Village Board will then set dates for a new public hearing and joint review board meeting.
There was a Joint Review Board meeting concerning the River Forest Madison Street TIF District on Tuesday, June 28th 2016 at 6:00 pm in the Community Room of Village Hall, 400 Park Avenue, River Forest, IL. To view the meeting announcement and agenda, please click here. To hear audio from the meeting, please click here.
Listen to the audio from the 04-28-16 public meeting. Click here.
To learn more about TIFs, please click here for a video from the Cook County Clerk's Office. Or, click here to read TIFs 101 - A Taxpayers Primer for Understanding TIFs, also courtesy of the Cook County Clerk.