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Special Use Application Packet Village of Morton Grove Department of Community and Economic Development 6101 Carolina Avenue Morton Grove, Illinois 60053 commdev@mortongroveil.org (phone) 847.470.5231
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Begin by gathering all the necessary forms and documents required to fill out the TIF Districts - Village application.
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Ensure that you have a clear understanding of the boundaries and purpose of the TIF Districts - Village.
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Fill out the application form with accurate and detailed information, including the village name, district boundaries, and proposed projects or developments.
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Provide any supporting documents or evidence required to support your application, such as maps, drawings, or financial analysis.
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Who needs tif districts - village?

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The TIF Districts - Village is typically needed by municipal governments or local authorities who aim to promote economic development, stimulate investment, and revitalize specific areas within a village.
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It helps in attracting new businesses, supporting infrastructure improvements, and creating an environment for job growth and increased property values.
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Private developers, investors, and businesses who wish to undertake projects or developments in a village may also use TIF Districts as a means to access financial incentives and support for their initiatives.
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TIF districts refer to tax increment financing districts where property tax revenues are used to finance redevelopment projects. The term 'village' specifies that the TIF district is located within a village jurisdiction.
The village government or relevant municipal authority is typically required to file for the establishment and administration of TIF districts within their jurisdiction.
To fill out TIF districts - village, the village government must provide detailed information on the proposed redevelopment projects, estimated costs, anticipated tax increment revenues, and other relevant financial data.
The purpose of TIF districts - village is to stimulate economic development and revitalization in designated areas by leveraging property tax revenue for redevelopment projects.
Information to be reported on TIF districts - village typically includes the boundaries of the district, planned redevelopment projects, estimated costs, expected tax increment revenues, and any relevant financial projections.
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