title
Resolution Approving a Letter of Support for a 12-Year Extension Request for the First Street TIF District Within the City of Saint Charles, Illinois
body
WHEREAS, the Forest Preserve District of Kane County finds it necessary and desirable to send a letter of support in the request to the State of Illinois to pass legislation to extend the term of the First Street TIF District for an additional 12 years; and
WHEREAS, The Forest Preserve District falls into the tax increment financing district that includes the First Street TIF District that covers a portion of the City’s downtown corridor; and
WHEREAS, the Forest Preserve District of Kane County is in support of the request by the City of Saint Charles for the First Street TIF District extension and will submit a signed letter of support on behalf of the Forest Preserve District by its President in favor of the City of Saint Charles in the form attached hereto as Exhibit A.
NOW, THEREFORE, BE IT RESOLVED that the Forest Preserve District of Kane County, Kane County, Illinois hereby approves the letter of support set forth on Exhibit A to support legislation for a 12-year extension to the First Street TIF District currently set to expire on December 31, 2025, be hereby authorized and approved.
APPROVED AND PASSED on this 8th day of October 2024.
___________________________ ____________________________
Christopher Kious Myrna Molina
President, Kane Forest Preserve Secretary, Kane Forest Preserve
Kane County, Illinois Kane County, Illinois