This can be a place to summarize what we have learned since we started the investigation of the TIF in Riverside.
Here is a reiteration of an opening defense of the TIF that I just found in the Traders.
http://www.tradersofriverside.com/index.php?option=com_smf&Itemid=77&topic=19.msg65#msg65
Kathleen Rush
Newbie
Posts: 2
Re: Riverside TIF. The Facts!
« Reply #1 on: November 14, 2006, 10:30:24 AM »
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VILLAGE RESPONDS TO TIF CONCERNS
The Village encourages residents to become more informed about the facts concerning the proposed TIF district. We know that there is dissention, opposition and questions about the proposal. At the public hearing scheduled for November 21 at 7:00 p.m. in the Town Hall, there will be a presentation and opportunity to share your concerns about the proposed TIF district.
WHY A TIF?
The Village Board has proposed a TIF district to respond to residents interests in supporting the Central Business District and the existing businesses. In 2005, many residents participated in a Community Needs Survey. Over 80% of the respondents supported the Village taking an active role to support the core of the community. The Board has done the planning, examined how to accomplish this goal and are now considering the establishment of a TIF district. The Board is being proactive to protect the community with the hope of diversifying its tax base and support an area important to the residents and our business community.
EMINENT DOMAIN
The threat of eminent domain is over stated and is a ploy to invoke overreaction. The Village President and the Village Board have indicated on repeated occasions that there is no intention of using these powers. There are 13 properties identified in the housing study which may be acquired with TIF dollars. If this occurs, the TIF requires that housing relocation expenses are paid if requested by the owner.
REDEVELOPMENT —“ YES; HIGH DENSITY DEVELOPMENT —“ NO
There is NO Village policy that encourages high density development. Development in the Central Business District, with or without the TIF, is restricted by the Zoning Code that was adopted after many public meetings and public hearings. There are rules in place that limit height (3 stories or 45'), design materials, bulk, parking, etc.
SCHOOL CLASS SIZE IMPACT?
The Village Center development will add 22 residential units—¦it is not in the TIF District. The Fiscal Impact study that was done for that development calls for a potential 2 additional kids entering the school district. The TOD plan that is on file, at maximum development, calls for an additional 56 units to 61 units scattered between Burlington and Quincy. If you keep the ratio consistent, the likelihood is that the generation of new students to the school district would be 5 new students. Hardly over crowding that will impact class sizes. Also, it is important to acknowledge the stipend based upon the non-resident tuition (approximately $7000) that must be reimbursed to the school from any new student who resides in a TIF financed development.
GREEN SPACES THREATENED? HARDLY —“ IMPROVEMENTS MADE POSSIBLE
There is absolutely no residential or commercial development contemplated for Swan Pond, Guthrie Park or the area around the swinging bridge or existing green spaces. This is a contemptuous, utterly false statement. The Village cannot, by order of the Supreme Court of the State of Illinois, contemplate any improvement on park land that is not park related. See the Village Attorney's detailed opinion on this matter at the Village's website, www.riverside.il.us under the TIF link titled “Report on Status of Parkland in Riverside—.
The Village Board is approaching this matter in a very deliberative and informed manner. They have reached out to the school districts, the Swim Club, the Chamber of Commerce, the Library and the individuals spearheading the opposition to the TIF effort. This is a complicated and lengthy process. It requires the elected officials taking the time to evaluate what is best for the community in the long run. Please take the time to attend the public hearing on November 21, 2006 at 7:00 p.m. or learn more about TIF's in general at the Village's website, www.riverside.il.us or call me, Kathleen Rush, Village Manager at 708-447-9987.