TID No. 6
TID No. 6 was created in 2010 as a mixed-use district. It is located in the northern business park expansion area, north of North Street and west of U.S. Highway 51. TID 6 also includes properties along Main Street, which are in the Village’s Redevelopment Zone A. The intention of this district is to induce economic development by providing improvements such as public infrastructure and business development incentives.
Major Improvements in TID No. 6
- Major improvements in TID No. 6 include American Packaging Company, Little Potato Company, Merck Animal Health USA, Big Joe Forklifts, Porter Pipe and Supply and Lake City Glass.
- TID No. 6 started with a base value of $2,764,600 and currently has an increment value of $57,673,600.
- The expenditure deadline for this district expires in 2025 and the statutory closing date of this district is in 2036. Currently, TID No. 6 is projected to pay off its obligations and close in 2035, subject to changes in the tax revenue or an extension.