Proposed expansion of Howard/Hartrey Tax Increment Financing District

1. Proposed Expansion of
Howard/Hartrey
Tax Increment Financing
District
August 12, 2013

2. 2

3. Howard/Hartrey History
• Established in 1992
• Addressed redevelopment of industrial
property and created an opportunity for
commercial redevelopment
• TIF was established under “blighted”
classification
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4. Why Geographic Expansion of TIF?
• Redevelopment of 222 Hartrey Avenue
• Improve area infrastructure (sidewalks, roads,
alley, parking areas)
• Expiration in 2015

5. Public Approval Process
Date Activity
Monday, Aug. 12 Introduction/Action of Ordinance to City Council to Adopt
Public Hearing Concerning Creation of Howard/Hartrey TIF
District
Wednesday, Aug. 14 Notice of Public Hearings sent by certified mail to affected
taxing bodies, IDCEO, and any interested parties
Wednesday, Aug. 21 Notices of Existing & Amended TIF District sent to residential
addresses within 750’ of proposed TIF boundary
Thursday, Sept. 12 Joint Review Board Meeting at 3:00p at LHM Civic Center Rm.
2200
Monday, Oct. 28 City Council holds the Public Hearing for the Proposed
Howard/Hartrey TIF District Amendment
Monday, Nov. 11 City may introduce and adopt ordinance to amend the
Howard/Hartrey TIF District

6. Public Approval Process
Date Activity
Monday, Aug. 12 Introduction/Action of Ordinance to City Council to Adopt
Public Hearing Concerning Creation of Howard/Hartrey TIF
District
Wednesday, Aug. 14 Notice of Public Hearings sent by certified mail to affected
taxing bodies, IDCEO, and any interested parties
Wednesday, Aug. 21 Notices of Existing & Amended TIF District sent to residential
addresses within 750’ of proposed TIF boundary
Thursday, Sept. 12 Joint Review Board Meeting at 3:00p at LHM Civic Center Rm.
2200
Monday, Oct. 28 City Council holds the Public Hearing for the Proposed
Howard/Hartrey TIF District Amendment
Monday, Nov. 11 City may introduce and adopt ordinance to amend the
Howard/Hartrey TIF District