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TIF District #3
TIF 3 Study Area MapPotential second downtown TIF District
In December 2013 the City Council Committee of Whole directed City Staff to engage in an eligibility study to determine if properties on the east side of the Fox River would qualify as a TIF District.

SB Friedman was hired in March 2014 to complete the work. 
Illinois law allows municipalities to create Tax Increment Finance Districts as a means to fund improvements in a geographic area of the City which "but for" assistance, would decline in value and general property condition. Information on TIF's can be found on the State of Illinois Tax Increment Finance Association and in this bulletin from the Kane County Clerk's office. View TIF FAQs.

For those interested in being added to the TIF #3 Registry, please complete this form.