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FY 2021STATE OF ILLINOIS COMPTROLLER SUSANA A. MENDOZAANNUAL TAX INCREMENT FINANCE REPORTName of Municipality:_V_il_la_,. g_ e _o_ fG _ le_nd_a_le_ H_ei_g_ ,. h t_s_ _ Reporting Fiscal Year:County:_D_u_P_a\"\"
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Glendale Heights TIF 1 refers to a Tax Increment Financing district established in Glendale Heights, used to promote redevelopment and economic growth in specific areas.
Property owners or developers who benefit from the TIF financing or are involved in projects within the Glendale Heights TIF 1 district are required to file.
To fill out Glendale Heights TIF 1, required forms must be completed, providing detailed information about the project, budget, and impact on the community. Specific instructions can be obtained from local government offices.
The purpose of Glendale Heights TIF 1 is to stimulate economic development, attract businesses, and improve infrastructure in the designated district by utilizing the increment in property tax revenues.
Information such as project costs, financing sources, anticipated tax revenue, project timelines, and descriptions of how the project benefits the community must be reported.
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