The Woodstock City Council extended tentative approval this week to provide economic incentives for two projects.
A business owner and a developer each have asked the City Council for money to help with developments in a proposed tax increment financing district – TIF No. 2. The district has not yet been enacted, and it is the subject of a recent debate among local taxing bodies and residents.
An inducement resolution allows developers to begin tracking expenses for potential future reimbursement through the TIF, which the City Council is expected to vote on in January.
The city already has approved several similar resolutions for other developers in the proposed TIF area.
The two resolutions approved Tuesday deal with a business expansion by MAC Automation Concepts and a potential plan for the former Pioneer Center for Human Services building at 101 S. Jefferson St.
A developer would like to renovate or replace the existing building on Jefferson Street, which has been on the market for several years. The site could be turned into a housing complex, but the developer wants to undertake design and engineering studies as well as a housing analysis to see what type of housing would be ideal, if any, according to city documents.
MAC wants to expand its business at its existing facility at 1760 Kilkenny Court, find a new building or construct a new building somewhere else. The city voted Tuesday on whether to OK potential TIF funds for the company to complete engineering and predesign work to see whether an expansion at its existing location is feasible.
The Joint Review Board, composed of representatives from affected taxing bodies, voted on the TIF plan this week. It passed, 5-2, with McHenry County College and Woodstock School District 200 voting against the plan.
Two community members – former County Board representative Michael Rein and Susan Handelsman, who has been an outspoken critic on the matter – voiced their own opposition to the plan Tuesday.
A public hearing on the TIF will take place at the next City Council meeting at 7 p.m. Dec. 4 at City Hall, 121 W. Calhoun St.