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Approving a Letter of Support for a 12-Year Extension Request for the First Street TIF District within the City of Saint Charles, Illinois
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WHEREAS, the Kane County Board finds it necessary and desirable to send a letter in support of a request by the City of Saint Charles to the State of Illinois to pass legislation to extend the term of the First Street TIF District within the City of Saint Charles for an additional 12 (Twelve) years; and
WHEREAS, the County of Kane is one of the taxing districts covered and impacted by the creation of the First Street TIF District; and
WHEREAS, the Kane County Board is in support of the request by the City of Saint Charles for the First Street TIF District extension, and the Kane County Board desires to authorize the Kane County Board Chairman to submit a signed letter of support in favor of such request, in the form attached hereto as Exhibit A.
NOW, THEREFORE, BE IT RESOLVED that the Kane County Board hereby approves of and authorizes the Kane County Board Chairman to submit the letter of support set forth in Exhibit A to support legislation for a 12-year extension to the First Street TIF District in the City of Saint Charles that is currently set to expire on December 31, 2025.
Passed by the Kane County Board on October 16, 2024.
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John A. Cunningham, MBA, JD, JD Corinne M. Pierog MA, MBA
Clerk, County Board Chairman, County Board
Kane County, Illinois Kane County, Illinois
Vote: