Joint Review Board - About / Agenda & Minutes
This board is established pursuant to state statutes 66.1105 at the time and for the specific purpose of creating a tax incremental district or when amending a project plan in an existing tax incremental district. The board consists of one representative chosen by the school district that has power to levy taxes on the property within the tax incremental district, one representative chosen by the technical college district that has power to levy taxes on the property within the tax incremental district, one representative chosen by the county that has power to levy taxes on the property within the tax incremental district, one representative chosen by the Village and one public member for the purpose of reviewing the proposal. The public member and the board's chairperson is selected by a majority of the other board members before a public hearing is held. All board members are appointed and the first board meeting must be held within 14 days after the plan commission notice of public hearing is published.
The purpose of the Joint Review Board is to review the public record, planning documents and the resolution passed by the Plan Commission and then for final approval by the Village Board. As part of its deliberations the board may hold additional hearings on the proposal to create a tax increment district.
The Joint Review Board’s decision to approve or deny a proposal is based on the following criteria: whether the development expected in the tax incremental district would occur without the use of tax incremental financing; whether the economic benefits of the tax incremental district, as measured by increased employment, business and personal income and property value, are insufficient to compensate for the cost of the improvements; and whether the benefits of the proposal outweigh the anticipated tax increments to be paid by the owners of property in the overlying taxing districts.
The board must issue a written explanation describing why any proposal it rejects fails to meet one or more of the criteria specified above. By majority vote, the board may disband following approval or rejection of the proposal.