Village of North Utica Tax Increment Financing (TIF) District I
Village of North Utica, 248 W. Canal, PO Box 188, Utica, IL 61373/ Telephone: (815) 667-4111
The North Utica Commercial Renovation Program (the “Program”) is designed to stimulate economic growth and visibly enhance commercial properties that are located within the North Utica Downtown Tax Increment Financing (TIF) District I Redevelopment Project Area. The boundaries of the Program are all commercial projects within the established boundary of the North Utica TIF District I (“TIF District”).
Program Requirements:
Purpose: Program applications are accepted for projects that will result in substantial improvements to existing commercial storefronts, sides, and rear facades of existing commercial buildings within the Program and the TIF District.
- Frequency: Village will accept only one (1) Program Application per Property and a Property is only eligible to receive a Grant once per fiscal year.
- Maximum Benefit: 50% of TIF eligible project costs incurred by the Applicant, not to exceed $2,500.00. Program grants are reimbursements for which the Applicant must first complete the project within 180 days of approval for Program Grant Funding and verify total project costs upon completion.
- Compliance: Projects supported with Program grant funds must comply with the TIF Act, the Village’s Design Review Guidelines, if applicable, and applicable building codes.
- Special Program: This Program is specifically offered within the TIF District. Grant funding may be awarded to qualified Applicants irrespective of other financial assistance or incentives offered by the
- Larger Projects: Redevelopment Projects exceeding the scope of this Program may be eligible for project specific Redevelopment Preference for grants for this Program shall be given to Applicants of properties not already receiving benefits under a Redevelopment Agreement.
For assistance with determining eligibility for this Program or other potential Tax Increment Financing incentives, please contact the Village for more information.
Applications will be accepted starting April 1, 2025 at 8am at the Village Hall 248 W. Canal St. Utica, IL 61373 and reviewed in the order in which they are received. Click below for a copy of the application which includes the full instructions or a printed copy will be available at the Village Hall during normal business hours.