GLEN ELLYN – A proposed TIF district along Roosevelt Road in Glen Ellyn will no longer include two nearby apartment complexes, after residents said they didn't want their homes to be part of the district.
“We want to be responsive and fair in establishing this TIF District and believe that modifying the TIF boundaries will not negatively impact the proposed district,” Village President Alex Demos said.
After holding a public hearing and multiple meetings with residents of the Parkside and Park Plaza apartments, Demos and village trustees decided to modify the TIF boundaries to exclude those buildings. The boundaries will be finalized at a public hearing Sept. 9.
Members of a Joint Review Board made up of representatives from local taxing bodies and a village resident met July 31 to hear the village's plans.
As proposed, 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. However, the apartments will no longer be included.
Village officials said they hope to encourage development through public-private partnerships brought about by the TIF, since the area within the proposed district has struggled with private development.
At the Joint Review Board meeting, Robert Rychlicki of Kane, McKenna and Associates, Inc., which prepared the village's TIF district redevelopment plan and associated studies, said the firm identified several factors that qualify the area to be established as a TIF district.
These include obsolescence and deterioration of current structures, inadequate utilities, lack of community planning, lagging equalized assessed value and deleterious layout, meaning areas were developed with little regard to other nearby structures.
The improvements expected to be made to the lands within the district are estimated to total about $50 million during the TIF's 23 years, Rychlicki said. TIF monies would pay for part of these improvements, with the rest coming from village funds and grants.
The total cost is expected to decrease after a new TIF budget is calculated based on the updated boundaries.
After the district was proposed, Parkside and Park Plaza residents received a public notice from village officials that stated it would be reasonable to expect they could be displaced by proposed redevelopment. This caused alarm among residents, as well as others in the community.
Although village officials said they had no plans to relocate residents and inclusion in the TIF district could help provide improvements to the complexes, concerns remained.
Village leaders would consider adding the apartments to the district again, if residents change their minds by the end of the public process, according to Village Manager Mark Franz.
"I know we have board members meeting with them this week and next to continue that dialogue, but for now, we're going to modify the boundaries, take them out," Franz said.
The Joint Review Board will meet again Aug. 22, at which time members are expected to decide on a recommendation to the village board regarding the district.
After the Sept. 9 public hearing, the board is required to wait at least 14 days before considering the ordinances that would establish the TIF.