TIF

Homewood approves incentive to pay for fire alarm

March 01, 2018 - 08:58
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The Homewood village board this week approved a reimbursement for safety upgrades to a local property. 

The money will help pay for a fire alarm system for the a building between 18673 and 18681 Dixie Highway, owned by Vivek Pinto. The building contains Reflections Yoga Center and The Lilly Pad children’s clothing boutique. The new fire alarm system will bring the building up to code.

Homewood presents new TIF district plan at public hearing

April 15, 2017 - 00:08
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Homewood officials and a financial consultant introduced the plan for a proposed tax increment financing (TIF) district in the downtown area during a public hearing at village hall on Tuesday, April 11.

Several residents asked questions about the TIF plan and about one of the first projects expected to benefit from the district. Their concerns included boundary decisions, parking capacity, relocation assistance and infrastructure problems.

Homewood approves feasibility study aimed at downtown redevelopment

February 07, 2017 - 12:22
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Homewood trustees approved two ordinances that will help bring the redevelopment plans for the central business district closer to reality. At the Jan. 24 village board meeting, the board members unanimously agreed to authorize a study of the feasibility of establishing a downtown transit oriented development tax increment financing (TIF) district. 

Village reaffirms incentives for Lassen's project with amended agreement

November 04, 2016 - 16:26
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Plans for improvements to Lassen’s Sports Bar and Grill have been scaled back, but Homewood trustees approved an amended agreement Tuesday, Oct. 25, reaffirming a $203,500 investment in the project.

Renovation plans for the popular eating and drinking establishment are still on the drawing board, but business owner Chris Rieckerman of Tack & Jibe Inc. will have until June 1 to finish the work, according to the amended agreement.

Homewood trustees approve business incentives for Lassen's Tap renovations

December 09, 2015 - 16:00
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The owner of Lassen's Tap on 183rd Street in Homewood has plans for major renovations, and the village of Homewood agreed Tuesday to invest in the project. The Board of Trustees voted to award $203,500 in business incentive funds to help Lassen's owner Chris Rieckerman purchase the property at 2131 W. 183rd St., 50 percent of the total cost of the property.

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