unclassified
Meeting agenda 2025-01-03
March 1, 2025 · Oak Forest, IL
📄
Source: Meeting agenda 2025-01-03
(PDF, 35 pp)
Retrieved April 14, 2026
from www.oak-forest.org ↗
Confidence:
85%
High
Summary
The City of Oak Forest, Illinois is amending its TIF District #6 to include additional parcels of land. The amendment aims to promote economic revitalization and redevelopment in the area. The study area qualifies as a blighted vacant area under the TIF Act, with factors such as lagging/declining EAV, adjacent deterioration, and obsolete platting present. The amendment will allow for the use of tax increment financing to support redevelopment projects and improve the area's economic viability.
Details
- Subject
- Tax Increment Financing (TIF) District #6
- Summary
- The City of Oak Forest, Illinois is amending its TIF District #6 to include additional parcels of land. The amendment aims to promote economic revitalization and redevelopment in the area. The study area qualifies as a blighted vacant area under the TIF Act, with factors such as lagging/declining EAV, adjacent deterioration, and obsolete platting present. The amendment will allow for the use of tax increment financing to support redevelopment projects and improve the area's economic viability.
- Report Date
- 2025-03
- Report Type
- amendment
- Report Title
- First Amendment to the TIF #6 TIF District Redevelopment Plan and Project
- Authoring Body
- City of Oak Forest, Illinois & Ryan, LLC
- Reporting Period
- 2023-2025