Rochelle City Council held a public hearing regarding the city’s Northern Gateway Tax Increment Financing District Redevelopment plan and project shortly before the regularly scheduled meeting Monday night.
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ROCHELLE — Rochelle City Council held a public hearing regarding the city’s Northern Gateway Tax Increment Financing District Redevelopment plan and project shortly before the regularly scheduled meeting Monday night.
Keith Moran, President of Moran Economic Development explained to several community members in attendance the city’s plan to include 100 parcels into a TIF district to encourage economic development.
If approved this TIF district would be in effect by the end of August and be in place for up to 23 years.
