Background
The Downtown Strategic Plan, adopted in October 2009, creates a vision for the future of downtown Glen Ellyn. This plan recommends an implementation plan, as well as a variety of funding sources, in order to fulfill this vision. One critical funding source recommended for consideration was the designation of the Central Business District as a Tax Increment Financing (TIF) district. Based on this recommendation, the Village contracted with Ehlers and Associates to complete a feasibility study. The study concluded that the Central Business District is eligible to be designated as a TIF District.
Over the course of 10 months, the Village worked with Ehlers and Associates to draft the required documents and hold public meetings. On January 9, 2012, the Village Board held a public hearing to solicit feedback on the proposed TIF District from Glen Ellyn residents. On February 13, 2012, the TIF District was formally approved by the Village Board by a vote of 5 to 0.
General Location of the Central Business District (CBD) TIF District
The boundaries of the Redevelopment Project Area is generally described as follows: The area north of Hillside Avenue, west of Park Boulevard, south of Anthony Street, and generally east of Newton Avenue. View a map of the district (PDF).
Official TIF Reports, Filed October 12, 2011
These official documents were filed with the Office of the Village Clerk on Wednesday, October 12, 2011, per the TIF Statute.