Huntley finalizing the details for TIF district
By Jeanie Mayer For The Courier-News September 21, 2012 1:18PM
Updated: October 24, 2012 6:34AM
HUNTLEY — The village is moving forward on its plans to create a tax increment finance district along portions of Route 47 and in areas of the old downtown business district.
With a TIF, the amount of tax dollars received by the various local taxing bodies from district property owners is frozen. Money collected in property taxes above that amount is used to revitalize the TIF with infrastructure and other improvements.
Sun City resident Mac Titus questioned how the TIF would benefit the village if the tax money collected does not go to the school district and other taxing bodies.
“I am wondering, what are the positives?” Titus asked.
Village Manager David Johnson said the village is in a unique position with regard to the TIF district.
“What’s different about Huntley is we are still a growing community outside the TIF area which offsets the TIF burden. We have not seen growth through private enterprise in this area in a long time,” Johnson said.
Trustee Harry Leopold said a TIF is a beneficial way to help an area of town that needs attention.
“We have a decaying central district of town and this is the most appropriate way to take care of that,” Leopold said.
Leopold also invited opponents of the TIF district to come forward with alternative ways of funding improvements in the district.
“For those who are against it, come up with an alternative way of financing the improvements,” he said.
During the meeting, the board briefly discussed an ordinance that would create a registry of interested parties who are not a part of the TIF district to receive information and documents relative to the district. The board also discussed an ordinance that would allow the taxing bodies and select resident representatives to weigh in on the project via a joint review board.
Two public meetings are scheduled, one on Oct. 23 for the joint review board and one on Dec. 6 for a public hearing on the redevelopment plans and the designation of the downtown project area.
The board also considered a resolution that would allow the village to recoup specific costs in connection with the TIF such as gateway signage and a recent real estate purchase in the downtown area. Those measures will be voted on at the next week board meeting.
In other business:
The board and village staff are in the process of updating portions of their comprehensive plan relating to transportation.
Both current and recent public improvements — like the expansion of the I-90/Route 47 interchange, the Algonquin Road expansion and extension, the Route 47 corridor widening and the addition of turn lanes along Route 47 from Big Timber Road to Reed Road — will be added to the plan as well as items that are on the drawing board for the future.
Staff cited the extension of Reed Road from the Talamore subdivision to Coyne Station Road to be used as a secondary arterial roadway, and various public transportation possibilities and items to be added to the future planning for the Huntley transportation plan.
Johnson said more work will be done on the plan before being submitted for board review in October.
Village President Charles Sass noted that the Illinois Tollway will host an house for the Route 47/I-90 interchange project on Monday. The presentation will take place in Prairie Lodge, 12880 Del Webb Blvd., beginning with a presentation in the Drendel Ballroom at 1 p.m.
Sass also reminded people that the village’s annual Fall Fest will take place Sept. 28 to 30. He said this year an admittance fee will not be charged during the day on Saturday and Sunday. However, those entering the park after 4 p.m. on Friday or 5 p.m. on Saturday and Sunday will be charged $5 per person.