GLEN ELLYN – Local taxing bodies will have a say in the establishment of a TIF district along Roosevelt Road in Glen Ellyn.
The establishment of a Joint Review Board made up of representatives from taxing bodies within the district and a resident who lives there was one of the next necessary steps village officials needed to take to create the TIF district.
"There will be ample opportunity for public input, and I have also pledged to make myself available at some designated times to anybody who would like to discuss this as we move forward," Village President Alex Demos said at a village board meeting July 8.
At that meeting, village trustees approved a July 31 meeting date for the Joint Review Board to begin discussions of the proposed TIF district. Members of that board are charged with making a recommendation to the Glen Ellyn Village Board regarding the district, which has generated controversy since its proposal.
The district would include the north side of Roosevelt Road from Main Street to Park Boulevard and the area bordered by Park Boulevard, Route 53, Roosevelt Road and Taft Avenue.
Parkside Apartments, located at 16 N. Parkside Ave., would be within the proposed TIF district. Many of the 120-unit complex's residents are immigrants and refugees.
A public notice was sent by the village to apartment residents, stating it is reasonable to expect they may be displaced by the proposed redevelopment project area. The notice caused alarm among residents and concerns from others in the community, including World Relief DuPage/Aurora, which works with immigrants and refugees in the area.
However, village officials have said they have no plans to relocate residents at this time.
"Future meetings could lead to modifications of the TIF draft – it is just a draft at this point – (and) could also modify the boundaries, decreasing the boundaries," Village Manager Mark Franz said. "We cannot increase the boundaries without starting the whole process over again."
A public hearing on the district will be held Sept. 9, and the village board will be required to wait at least 14 days after the hearing to consider the TIF ordinance.
The area included within the proposed TIF district along Roosevelt Road has struggled with private development, so the village hopes to encourage development through public-private partnerships brought about through the TIF.
According to the village's draft redevelopment plan, the total value of the district's properties is expected to rise from about $14 million to about $40 to $60 million during the TIF's 23 years. Those numbers represent the properties' equalized assessed value, which would be used to calculate taxes.
The draft redevelopment plan, which includes eligibility and housing impact studies, is available at www.glenellyn.org and the Glen Ellyn Civic Center, 535 Duane St.