Normal to vote on abating property tax for Shoppes at College Hills
M&J Wilkow, the
"We abate as much of it as we can, which is a function of how much has been collected in sales tax," said Normal Finance Director
Torrid, a women's clothing store, and Comcast joined the Shoppes at
The town took out the bonds in 2004 to pay for the transition from the enclosed
Huhn said he's not aware of any arrangements similar to the Shoppes deal -- it's called a "special service area" -- in the town.
Officials have sometimes promised sales tax rebates for economic development projects, including Portillo's, the
The town also has several tax increment financing districts, which redirect property tax revenue generated by improvements from taxing bodies to fund economic development, including for uptown and
Alto Real Estate Funds, a
In other business, the council will consider selling two garbage trucks to the city of
"Typically, the town will take vehicles of this type to a public auction, but has on occasion authorized the purchase of town vehicles by another governmental agency," according to a memo from Public Works Director
The town bought the trucks in 2012 for
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