VILLAGE OF LEMONT, IL Main Street/Archer Avenue Redevelopment Project Area Tax Increment Financing Eligibility Study, and Redevelopment Plan and Project September 30, 2016 VILLAGE OF LEMONT, IL Main Street/Archer Avenue Redevelopment Project Area Tax Increment Financing Eligibility Study, and Redevelopment Plan and Project September 30, 2016 S. B. FRIEDMAN & COMPANY 221 N. LaSalle St. Suite 820 Chicago, IL 60601 T: 312.424.4250 F: 312.424.4262 E:
[email protected] Contact: Geoff Dickinson T: 312.384.2404 E:
[email protected] i VILLAGE OF LEMONT, IL Main Street/Archer Avenue Redevelopment Project Area Tax Increment Financing Eligibility Study, and Redevelopment Plan and Project Table of Contents SECTION PAGE 1. Executive Summary .............................................................................................................................. 1 2. Introduction ......................................................................................................................................... 5 3. Eligibility Analysis ............................................................................................................................... 10 4. Redevelopment Plan & Project .......................................................................................................... 18 5. Financial Plan ...................................................................................................................................... 23 6. Required Findings & Tests .................................................................................................................