Village of Hartford, Illinois

Details

Category: Economic Development

Project

Route 111 Tax Increment Financing Redevelopment Plan & Project
Route 3 Tax Increment Financing Redevelopment Plan & Project
Hartford Business District Redevelopment Plan & Project
Village of Hartford Comprehensive Plan
Municipal Tax Analysis
Annexation Assistance

Synopsis

Moran Economic Development administers the 3 TIF Districts of the Village. The main focus of each TIF centers on environmental cleanup, industrial development support and downtown revitalization. The most recent TIF, (Chemetco IL Route 3 TIF) is designed to provide utility service to the once vacant and contaminated Chemetco Superfund site. TIF support has not only helped attract users to the site, but it has helped open up ground for industrial and warehouse/distribution development.

Moran also assisted the Village in creating its first Business District whose aim is to provide a revenue stream to improve utilities in the Business District area. Our firm also provides annexation assistance and conducted a Municipal Tax Analysis to help the Village understand potential funding mechanisms for an array of projects necessary of the Village.