TIF Joint Review Board

TOWN OF CORTLAND, ILLINOIS NOTICE OF ANNUAL JOINT REVIEW BOARD MEETING CORTLAND TAX INCREMENT FINANCING (TIF) DISTRICT SUBJECT: FY 2024 Joint Review Board Meeting for the Cortland TIF District DATE AND TIME: August 12, 2025 at 5:00 p.m. LOCATION: Cortland Town Hall, 59 South Somonauk Road, Cortland, IL AGENDA: 1. Purpose of the Meeting: a. Section 74.4-5 (e): “The joint review board shall meet annually 180 days after the close of the municipal fiscal year or as soon as the redevelopment project audit for that fiscal year becomes available to review the effectiveness and status of the redevelopment project area up to that date.” b. Report made by Mayor (or J&K / EDG Representative). 2. Review FY 2024 TIF Annual Report: a. Review sources of funds and expenditures b. Review projects undertaken c. Discuss current & future projects 3. Consideration of any other JRB matters 4. Adjournment