DeKalb City Council to consider plans for TIF 3
DeKALB – DeKalb City Council members could take a first vote Tuesday on the creation of a new tax increment financing district, commonly known as TIF 3.
“On Tuesday, we’ll bring five ordinances that would result in amending boundaries for the two existing TIFs, and to remove parcels to be introduced in TIF 3, as well as ordinances that would result in TIF 3,” Jason Michnick, the city’s economic development planner said during a Joint Review Board meeting Friday morning.
The review board was planning to vote Friday on a formal recommendation to the City Council regarding TIF 3. Four of the seven present members had to abstain from that vote, however, because their respective boards had not yet met to discuss the tax district proposal.
Cynthia Carpenter, finance director for DeKalb School District 428, said she would have to abstain from the vote because the District 428 board will not vote on the matter before Nov. 20.
Similarly, Gary Hanson, representing DeKalb County, abstained, citing a Nov. 21 County Board meeting that will give him further direction on how to vote.
Bill Nicklas, representing Kishwaukee College, and Tim Hayes, the public member of the review board, also abstained from voting.
DeKalb Township Supervisor Jennifer Jeep Johnson addressed ongoing concerns that have been expressed by taxing bodies, as well as members of the public, regarding surplus fund distributions from TIF districts.
Nicklas said the review board agreed to meet more frequently so members can make more “thoughtful votes” with an extended time to review data.
“For people who have concerns about past expenditures or past dealings, I think the [city of DeKalb] has been pretty forthright about saying, ‘Yes, there’s room for improvement in that area,’ and they have been nothing but agreeable to suggestions the [Joint Review Board] has made,” Johnson said.
“This city has heard the message loud and clear,” DeKalb Mayor Jerry Smith said regarding the push for a better surplus of TIF funds among taxing bodies.