GRIDLEY TAX INCREMENT FINANCING
Public Hearing
September 19, 2011, 7:00 PM, Village Hall
Agenda
1. Sign-in and Introductions
2. Gridley TIF District
• Economic Development Tool for Gridley’s redevelopment
• Only economic development tool available for trying to redevelop areas which have not
experienced growth and have, in fact, been subject to deterioration and the lack of new
adequate investment in public infrastructure
• TIF Districts do NOT raise real estate taxes
• Public Improvements can be made to public infrastructure without raising real estate taxes
• Review of TIF Boundary Map
3. TIF Redevelopment Plan
• Goals of the TIF District
• Public and Private Projects
• Public and Private Project Costs
• Potential Results – TIF Financing Summary and Projected Tax Increment
• TIF Plan allows Village to address capital costs of other taxing bodies
4. The Public Hearing is the last step before finalizing the Ordinances on October 3rd
5. Questions/Comments from the Public
6. Adjournment of Hearing

Village of Gridley Notice

The Village of Gridley is currently considering adding a Tax Increment Finance District.

What is a TIF (Tax Increment Finance District?) Please read the attached link to find out more.

TIF Frequently Asked Questions

http://www.tifillinois.com/faq.html

Map of the TIF District

“MY TOWN”
My town is the place where my house is found, where my business is located, and where my vote is cast.It is where my children are educated, where my neighbors dwell and where my life is chiefly lived. It is the home spot for me.

My town has a right to my civic loyalty. It supports me, and I should support it. My town wants my citizenship, not my partisanship; my friendliness, not my dissensions; my sympathy, not my criticism; my intelligence, not my indifference.

My town supplies me with protection, trade, friends, education, schools, churches, and the right to free moral citizenship. It has some things that are better than others. The best things I
should seek to make it better; the worst things I should work to suppress. Take it all-in-all, it is my town, and it is entitled to the best there is in me.

(A brief article in an issue of “City & Town”, the official publication of the Arkansas Municipal League,
posted here with permission.)

Village of Gridley 309-747-2000