Village web site: Current Projects: Tif Documents - it's in the list.
Riverside Info » About Riverside
A different way to look at a TIF
(29 posts)-
Posted Monday Mar 5, 2007 19:22 #
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Mike, EAV of commercial property is determined by income.
Posted Tuesday Mar 6, 2007 07:25 # -
Lonnie, thanks. OK, so EAV of commercial property is based on income. I would think that the maximum income to be had in our little hard to get to, and small, cbd is not sufficient to help in our town's operating income problems. So this seems to confirm that merely improving the eav of the commercial area - a stated goal of the TIF document - would provide insufficient money to the village for its operating problems.
spatny, I do not see the cbd map. Here is the list of documents on the TIF documents site.
TIF Documents for Download
Here is a list of documents related to the TIFChronic Flooding Assessment - TIF District - (Note: The report contained several maps that could not be placed in PDF format but are avaliable for inspection at the Village Hall)
Infrastructure Improvement Report - TIF District (Note: The report contained several maps that could not be placed in PDF format but are avaliable for inspection at the Village Hall)
TIF Map 11-22-06
Interested parties registration form and instructions
Report on Status of Parkland in Riverside
Riverside DRAFT Downtown Redevelopment Plan & Project 11-22-06
Riverside Understanding TIF Districts Presentation 11-09-06
The Effect of TIF on School District Revenues in Illinois
TIF Recommendation12-04-06
Public Hearing Ordinance 11-28-06
Board Agenda History 12-04-06
Transcript - Board of Trustee Special Meeting - TIF Project 11-21-2006
Economic Development Commission Position on TIF -01-04-07Posted Tuesday Mar 6, 2007 10:30 # -
Mike ~ Here you go...
It's on page 124 of the Zoning Ordinance. You have to tilt your head unless you are smart enough to figure out how to change the viewing to landscape - I couldn't!http://www.riversideinfo.org/wp-content/uploads/2006-zoning.pdf
Posted Tuesday Mar 6, 2007 11:22 # -
It's in your list - TIF Map 11-22-06. It's right side up there.
Posted Tuesday Mar 6, 2007 11:37 # -
I think Mike was asking about the CBD specifically. The proposed TIF district seems to include the CBD but it is a larger area. Mike's house is not in the CBD, but is in the proposed TIF district. I could be wrong, but I think they are two different animals.
Posted Tuesday Mar 6, 2007 11:42 # -
Mike - It is in the Zoning code that the ladies put up on the site - link on homepage. If it isn't there, I have a hard copy and can give it to you. I actually brought it to a meeting but missed you. Should I drop it at your house?
Posted Tuesday Mar 6, 2007 12:51 # -
Yes, Elisa, I was looking for the cbd. Thanks, I found it in the zoning, and it confirms that my neighbor's and my homes are outside the cbd. It looks like the cbd goes as far east as century 21. Despite the claim that the tif is for cbd improvements, there is not an overlay of the cbd and the tif district, as Tim has shown in his circles.
Posted Tuesday Mar 6, 2007 14:38 # -
Spatny, I did email you yesterday. I hope you caught my objections in time.
I still cannot read this map. I am spatially challenged. Is it very hard to describe the CBD and the TIF boundaries in English text? I would greatly appreciate it.
Posted Tuesday Mar 6, 2007 15:36 # -
CBD Map is on Village site.
You can compare the CBD Map to the TIF map. Notice the absent TIF-like wings which should extend east to Cowley and west to West embracing all this extra EAV. If you like the bird analogy, check out the Blighted tail-feathers extending south along the River and the unfortunate decapitation of the VC...er head...here:
If you like, you can print these and hold them side by side.
Posted Thursday Apr 5, 2007 13:12 #
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