D205 Tax Increment Financing & Stormwater Management - - PowerPoint PPT Presentation

Proposed Intergovernmental Agreement w/ City of Elmhurst

D205 Tax Increment Financing & Stormwater Management Presentation

6 p.m. December 11, 2019 D205 Special Board of Education Meeting

Major Components of the Proposed IGA

• Construction and operation by the City of stormwater management

facilities at District’s York High School and Jackson Elementary School, coupled with site improvements at both schools. The earliest that construction will begin is late spring or early summer of 2021.

• York High School project includes:

○ Installation of underground stormwater storage tanks by the City, at its expense, on top of which the District will construct, at its expense, an athletic field with artificial turf. ○ The field will be large enough for practice and competition in a number of interscholastic sports, including soccer and lacrosse, as well as for use by physical education classes and community youth organizations. The field and the underground tanks will be located in the open space immediately north of the entrance to the York campus.

Major Components of the Proposed IGA

• Jackson Elementary School project includes:

○ Moderately lowering the field at the north end of the school

• site. The playability of the field will be enhanced.

○ Improvements to the school’s parking area on the west side

• f the building will also be made.

○ All improvements will be paid for by the City.

Major Components of the Proposed IGA

• Payment by the City to the District of $2,085,000, primarily

from the City’s tax increment financing funds. The money will be used by the District to pay for school site and facility improvements, mostly at Churchville Middle School.

• Waiver by the City for the payment by the District of

stormwater-related fees stemming from the reconstruction of York about 20 years ago.

• A waiver by the District of issues relating to the City’s

Downtown Tax Increment Financing Project.

Proposed Underground Storage York High School

Proposed York High School Athletic Field Rendering