At the December 20, 2018 meeting of the DeKalb Park District Board of Commissioners, the board voted 5-0 to approve a resolution in support of improvements to the Joint Review Boards for the City of DeKalb TIF Districts. The resolution states the District’s support of the proposed City Code Chapter 37 (Tax Increment Financing Regulations) that were discussed at the City Council meeting on December 10, 2018 but were tabled for future consideration. The resolution also expresses the District’s support for an audit of records relating to TIF grants, revenues, and expenditures over the past 23 years. [TIF 1 began in December, 1986 and was extended for 12 additional years in 2009.]
According to Phil Young, Board President, the DeKalb Park District is not pursuing any “money grabbing” tactics as has been alleged by some, but rather, is simply supporting putting into place practices and procedures that will improve transparency in the TIF District’s in the future. This will be beneficial to all taxpayers of the City of DeKalb and of the DeKalb Park District.
A full copy of the resolution is attached below.Resolution No 18-07.Signed