Village Office
117 E 3rd St.
Gridley, IL 61744
email:
309.747.2000
Fax 309.747.3453
Office Hours:
Monday - Friday
8:30a.m. - 12:30p.m.
Village of Gridley Notice
The village is currently considering adding a Tax Increment Finance District.
What is a TIF (Tax Increment Finance District?)
Please read the attached link to find out more.
TIF Frequently Asked Questions
Public Hearing
September 19, 2011, 7:00 PM, Village Hall
Agenda
1. Sign-in and Introductions
2. Gridley TIF District
- Economic Development Tool for Gridley’s redevelopment
- Only economic development tool available for trying to redevelop areas which have not experienced growth and have, in fact, been subject to deterioration and the lack of new adequate investment in
public infrastructure
- TIF Districts do NOT raise real estate taxes
- Public Improvements can be made to public infrastructure without raising real estate taxes
- Review of TIF Boundary Map
3. TIF Redevelopment Plan
- Goals of the TIF District
- Public and Private Projects
- Public and Private Project Costs
- Potential Results – TIF Financing Summary and Projected Tax Increment
- TIF Plan allows Village to address capital costs of other taxing bodies
4. The Public Hearing is the last step before finalizing the Ordinances on October 3rd
5. Questions/Comments from the Public
6. Adjournment of Hearing
Gridley Tax Increment Financing - TIF
