Plans for Flossmoor’s proposed downtown Tax Increment Financing District are moving forward.
The Flossmoor Village Board voted 5-0 Monday, Dec. 5, to approve an ordinance authorizing the establishment of TIF “interested parties” registries and adopt rules for the registries, as well as an ordinance to set a date for a public hearing on the proposed Downtown Redevelopment Plan and Project. Trustee George Lofton was absent.
Village Attorney Kathleen Field Orr gave a brief presentation about the process, including an explanation of TIF districts and how the village intends to utilize one.
