Published by admin on Tue, 09/04/2018 - 6:28pm
Braidwood’s previous mayor has raised some concerns over a plan to sell city owned properties and utilize tax funds inside the city’s Tax Increment Financing (TIF) III district.
The city of Braidwood recently rid itself of dozens of city-owned lots in the Townes of Braidwood, which also sits inside TIF III.
Earlier in August, city administrator Don Labriola announced the sale of the remaining 46 subdivision lots. That sale means that all 58 previously city-owned lots will now go back on the tax rolls, bringing in more tax dollars once homes are built on them.