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10. City establishes redevelopment agreements, TIF assistance with various businesses
The Elmhurst City Council approved sales tax incentives with several businesses this year, including Brewpoint, Elmhurst Auto Group and iMotorSports.
Brewpoint Coffee received $60,000 in TIF assistance to help improve the facade of and build out the property at 563-601 N. York St. in a 10-3 vote Jan. 17. The TIF assistance was part of a project to bring the new space up to code, including a new facade, Americans with Disabilities Act-compliant restrooms, proper plumbing fixtures and equipment for a retail cafe, and other life safety upgrades.
After BMW of North America had recommended Elmhurst Auto Group, which sells BMW vehicles at its dealership at 466 W. Lake St., move out of Elmhurst to a larger site, the group approached the city for redevelopment assistance for expansion. It received $6 million, which is for TIF-eligible project costs related to land acquisition, environmental testing and remeditation, demolition and more.
The city entered into a $500,000 12-year sales tax sharing agreement with luxury motorcycle dealership iMotorSports following a 13-1 vote Aug. 21 for improvement of real property. There also was a $100,000 upfront incentive to assist with immediate expansion needs.
Manufacturer Polaris had approached iMotorSports about taking on the Indian brand of motorcycles and required a $1 million showroom expansion and building improvement, a renovated parts and service department, enhanced technical assistance and more employees, as well as an opened point of sale by spring 2018.