Madison Street TIF

Project updates

Joint Review Board Meeting

The JRB will be meeting at 5:00 PM on Wednesday, January 13, 2021.  Information can be found in the agendas and minutes section of the Village's website.   

Annual Reports

FY 2020 Annual Report

FY 2019 Annual Report

FY 2018 Annual Report

FY 2017 Annual Report

Intergovernmental Agreement with School Districts 200 and 90

Madsion Street TIF Approved

Establishing Ordinances and Reports

On November 28, 2016, the Village Board considered adoption and creation of the proposed  Madison Street TIF District. The Village Board passed three separate ordinances regarding the matter. The three ordinances are available to view by clicking on the links below.

TIF Interested Parties Registry

The Village of River Forest has established a Tax Increment Financing (“TIF”) District Interested Parties Registry relative to the Madison Street TIF District. Residents of the Village and organizations active in the Village may register with the Village to receive information on any proposed designation of a TIF redevelopment project area or the approval of a TIF redevelopment plan, including, but not limited to, those for the Madison Street TIF District, as well as information regarding any changes proposed for the redevelopment plan for the Madison Street TIF District.  Registration forms are available from the Village Administrator, at the River Forest Village Hall, 400 Park Avenue, River Forest, Illinois 60305, between the hours of 8:00 A.M. and 4:30 P.M., Monday through Friday, except on holidays.  Rules to implement the registration process have been adopted by the President and Board of Trustees and may be obtained at the same location.

Background Information

TIF Primer

Watch the video below, or Read TIFs 101 - A Taxpayers Primer for Understanding TIFs, both courtesy of the Cook County Clerk: