The Aurora City Council is set to vote Tuesday on creating two tax increment financing districts the city has been in the process of creating for about a year.
The City Council Committee of the Whole Sept. 5 put on the regular council agenda for Tuesday ordinances establishing the Cross Street and River Vine tax increment financing districts, both tied to redevelopment agreements the city made with developers.The River Vine Tax Increment Financing District is tied to the proposed 187-unit Pacifica Riverview apartment complex between the Fox River and North River Street on the west bank of the Fox River in the city’s downtown.
The other takes the property in the River Vine district, which is called a micro-TIF because it takes in only the property of the proposed project, out of the current TIF District 5 in preparation for passing the new micro-TIF. The change to the Cross Street TIF District takes it out of the current TIF District 3, which is bounded on the west by Middle Avenue and crosses the river to Broadway on the east.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Aurora City Council to vote to buy land for new fire stationThe Aurora City Council is set to vote on buying about a three-acre site on Eola Road for a new far East Side fire station.
Read more »
Chicago City Council to take up $25 million settlementThe City Council is poised to take up a $25 million settlement in a controversial police misconduct case involving two men whose murder convictions were overturned in the slaying of a college basketball standout in Chicago 30 years ago.
Read more »
LA City Council members discuss dramatic year in the State of the ValleyCouncilmembers representing San Fernando Valley voters open up on the difficult past year at Chamber of Commerce lunch.
Read more »
'Reimagine Policing Plan' garners unanimous support from Boulder City CouncilIn an unanimous vote Thursday, Boulder City Council showed its support for a new policing strategy, as the city sees an uptick in violent crime.
Read more »
LA City Council insists on being self-righteous, not rightHappy birthday to the City of Los Angeles, celebrating 242, and not looking a day over 350.
Read more »