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Local News

Elmhurst City Council approves finance policy reports

ELMHURST – The Elmhurst City Council approved two reports from the Finance, Council Affairs and Administrative Services Committee Monday, with only one alderman voting against them.

Seventh Ward Alderman Mark Mulliner was the only council member to vote against both the Tax Increment Financing Incentive Policy and Sales Tax Incentive Policy presented to the council.

Both policies established guidelines for the city to use when evaluating TIF incentive and sales tax incentive requests. Currently the city evaluates each request on a case by case basis.

The TIF incentive policy would encourage desirable private development or redevelopment that require additional funding. The policy gives the city a structure for evaluating requests, but also allows for the city to amend or waive sections of the policy if appropriate.

The sales tax incentive policy outlines under what circumstances the city could consider giving sales tax assistance to proposed private projects that are expected to generate significant sales tax revenue and economic activity. Like the TIF policy, it leaves room for the city to waive portions of the policy if necessary.

Although he didn't share any comments during discussions of the two policies, Mulliner said after the meeting that his vote against the policies was related to his request to review zoning in the downtown business core. He thought the policies could potentially encumber downtown in the future.

"It all ties together," Mulliner said.

His request is still in the Development, Planning and Zoning Committee, of which he is a member.

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