City seeks public feedback on TIF recommendations by Sept. 5

Online Staff Report

The City of Rockford Planning and Development Committee is encouraging the public to provide feedback on the recently released recommendations of the Ad Hoc TIF Committee.

Rockford City Council established the Ad Hoc TIF Committee to review the existing TIFs, best practices, and formulate a recommendation to Rockford City Council. The committee consists of John Holmstrom, Michelle Petrie, Bill Whitcher, Karen Walsh, John Phelps and Mike Fumo.

The Ad Hoc TIF Committee, through a number of meetings, has completed their review of the existing TIFs, past development agreements and best practices from other communities. As a result of their efforts, they have prepared a TIF Policy Statement and Guideline Scoring System for review by Rockford City Council.

The documents may be obtained from the Community and Economic Development Department web page (http://www.ci.rockford.il.us/community-economic-development.aspx), at the Community and Economic Development Department, or by contacting the Community and Economic Development Department office at (815) 987-5600. Comments on the draft Policy Statement and Guideline Point System may be forwarded to the Community and Economic Development Department, 425 E. State St., Rockford, IL 61104, through Sept. 5.

Posted Sept. 3, 2014

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