20 Aug 2014
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Village Moves to Boost Deerbrook

Advisor approved for potential sales tax relief deal.

Village Moves to Boost Deerbrook

The redevelopment of got a boost from the Village Board at its regularly scheduled meeting Monday when a financial consultant was approved to guide Deerfield through a possible sales tax rebate program.

stressed everything is contingent on receiving a satisfactory letter of intent from Deerbrook representatives which would eventually become a binding agreement between Deerfield and the shopping center.

The potential sales tax relief from the Village is part of an overall renovation plan being developed by people involved with Deerbrook. The cost of the consultant hired by Deerfield will be paid by entities tied to the shopping center.

In other action Monday, the Village Board voted 6-0 to charge a fee of 0.5 percent of the cost of construction or demolition of all projects undertaken in the Village. The money will be used for future infrastructure fees.

The Village also heard a proposal from a new business hoping to open in the vicinity of Lake Cook and Waukegan Roads next month known as Cre8 Workshop.

For more on these stories and other Village Board news check back with Patch Wednesday, Thursday and Friday for more detailed articles on each subject.

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