Title
Ravinia Tax Increment Financing District TIF Reimbursement Resolution
History
The Village intends to conduct a Tax Increment Financing (TIF) eligibility study for the area known as the SWC of 159th and LaGrange. The restaurant on site has been vacant since January 2024. The Village has been approached by Amazon LLC for the redevelopment of this site for an Amazon retail store. On January 19, 2026, the Village Board approved an ordinance granting a special use permit for a planned development with a modification, a special use for a commercial retail establishment with a floor area greater than 50,000 square feet and a special use for development within 50 feet of a nontidal wetland (Amazon Retail Planned Development).
The Village intends to move forward with a feasibility study under the TIF Act to determine if the area at the SWC of 159th and LaGrange Road may be designated as a redevelopment project area under the TIF Act. As part of the Amazon LLC, development, Amazon has agreed to donate the property necessary to finish the Ravinia Avenue extension. The proceeds from the TIF will be used to cover the cost of Ravinia Avenue Extension.
The developer will be expending funds for TIF Project Costs which, if the subject property is established as a TIF district, such costs may be reimbursable from the TIF incremental revenues generated from the property.
The resolution does not obligate the Village to create a TIF District, however, it is intended to induce Amazon LLC to pursue plans for redevelopment and to provide for the potential reimbursement of the Village’s Potential Eligible Costs and the developer’s Potential Eligible Costs in the event a TIF District is created.
Financial Impact
The resolution allows for the Village's eligible costs to be reimbursed should a TIF District be created.
Recommended Action/Motion
I move to adopt Resolution 2604, entitled: A RESOLUTION DECLARING THE VILLAGE OF ORLAND PARK’S OFFICIAL INTENT TO REIMBURSE EXPEN...
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