A negative vote by the Joint Review Board would not prohibit a TIF district but would require a supermajority vote by the village board.
Besides the village, the voting members of the Joint Review Board include Cook County, the Cook County Forest Preserve District, Barrington Township, Elgin Community College, Algonquin-based Community Unit District 300, the Hoffman Estates Park District and the Barrington Public Library.
A joint review board
can't prohibit a TIF district, but its negative vote would require a supermajority vote by the village board to approve one.
Besides Hoffman Estates and District 220, other members of the joint review board included representatives of the Hoffman Estates Park District, Barrington Township, the Barrington Area Library and Cook County, as well as Hoffman Estates Village Clerk Bev Romanoff serving as the citizen representative.
If a majority of the joint review board had voted against recommending the TIF district, it would only have forced a supermajority vote for the village board to approve the TIF district.
Village officials have created a joint review board
to figure out what kind of incentives it might be able to offer while keeping peace with other government bodies.
Hoffman Estates officials Monday established a joint review board
to evaluate the possible use of a special tax district to provide an economic incentive for the nonresidential parts of a planned redevelopment of the former AT&T office campus.
The joint review board
, which represents local governments potentially affected by the TIF, is scheduled to meet in February.