South Rockford industrial TIF district clears committee, heads to full council

The Planning and Development Committee advanced creation of a new tax increment financing district for industrial redevelopment on the city's south side, along with a $300,000 small-business rent assistance program, during its June 22 meeting. The committee also denied funding requests from two community organizations.

South Rockford Industrial TIF district

The committee voted 3-1 to establish the South Rockford Industrial Redevelopment Project Area and to designate the area for tax increment allocation financing. The action includes termination of the existing Global Trade Park South TIF District, approved 3-1. A separate 4-0 vote granted an easement on city-owned property at 850 S. Horace Ave. to ComEd. The full City Council was scheduled to consider the TIF district on June 29.

Rent assistance approved; mobile grocery, prevention funding denied

Members approved the $300,000 "Spaces to Places" small business rent assistance program in a 4-0 vote. However, the committee split on two other funding requests. A request for $822,000 to support a Farmers Rising mobile grocery store failed on a 2-2 tie. A separate $400,000 request from Comprehensive Community Solutions for community prevention programming was denied 2-1.

Other committee actions

The committee approved termination of the Global Trade Park South TIF District on a 3-1 vote. All actions taken by the committee are subject to final approval by the City Council.

Coming up

The Traffic Commission meets July 8 to consider resident requests for a stop sign configuration change at Palo Verde Drive and Calderwood Drive, and for additional street lighting at 2415 Quincy Circle and 1640 Albany Lane.

Generated from official meeting agendas and minutes — every underlying document is linked from the city page. Read the primary source before you rely on a detail.