The draft project plan for the proposed Tax Increment District No. 10 is available for review on the Village website.
Tax Incremental District (“TID”) No. 10 (“District”) is a proposed Mixed-Use District comprising approximately 12 acres located at the southeast corner of the intersection of Woodland Drive and County Highway Q. The District will be created to pay the costs of a development incentive for installation of public infrastructure needed to facilitate development of Woodland Crest, a mixed-use development (“Project”). The area to be included within the District represents a portion of the overall Project which includes approximately 30 acres of planned commercial, office and senior and other multi-family housing that will be developed by Forward Development Group (“Developer”). In addition to the incremental property value that will be created, the Village expects the Project will provide the community with additional retail and commercial services, housing opportunities, and employment opportunities.
The Plan Commission will be holding a public hearing regarding the proposed TID No. 10 on March 11, 2019 at 6:00 PM at Village Hall (500 W. Main Street). The public is invited to attend the public hearing and provide feedback on the proposed District.
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