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Bourbonnais Business District

The Bourbonnais Business District Plan (the “Plan”) creates a funding mechanism that the Village may use to assist in the development and redevelopment of a blighted area of the community. Revenues generated by an additional 1.0% sales tax on most items sold at retail in the Business District (the “District”), as well as on rental of hotel/motel rooms in the District, are retained by the Village and can be used by the Village for payment of a wide-range of projects and activities. On the public side, these include:

  • Extension of Village infrastructure, including, but not limited to sanitary sewers, storm water sewers, sidewalks, crosswalks, pedestrian and bike trails, traffic control systems, wayfinding signage, and pavement markings to parts of the District not currently served;
  • Improvements to existing Village infrastructure, including but not limited to sanitary sewer lines, manholes and storm water sewers, water mains and hydrants, and improvements to roadways and intersections (curbs, gutters, curb cuts, signalization and turn lanes);
  • Marketing to prospective businesses, developers and investors, including marketing efforts to attract retailers, restaurants and service providers to the District;
  • Acquisition of property within the District for the installation, construction, or relocation of public streets, public utilities, and other public site improvements within or without the District which are essential to the preparation of the District for use in accordance with the Plan; and,
  • Acquisition of property within the District for the installation, construction, or relocation of public streets, public utilities, and other public site improvements within or without the District which are essential to the preparation of the District for use in accordance with the Plan; and,

The Plan also identifies certain private projects and activities for which the Village may use the District revenues to reimburse private developers, including:

  • Development of private commercial buildings and structures on currently undeveloped property;
  • Rehabilitation and reconstruction of existing commercial buildings, structures and improvements; and
  • Improvements to private driveways, ingress and egress points and parking lots.

Additionally, the Plan contains a series of Objectives that the Village seeks to attain through the expenditure of these District revenues, and Policies that it will follow in achieving the Objectives. These include:

  • Eradicate the blighting conditions within the District;
  • Assure opportunities for development and redevelopment, and attract sound and stable commercial growth and employment opportunities;
  • Expand, enhance and diversity the tax base of all the underlying taxing districts;
  • Facilitate the implementation of public plans, projects and investment within the District in a manner that is compatible with the Village’s Comprehensive plan; and,
  • Encourage and assist private investment and development within the District, in a manner that is compatible with the Village’s Comprehensive Plan.

Policies:

  • Use District-derived revenues to implement the Plan;
  • Utilize Village employees and consultants to undertake those actions and activities necessary to accomplish the specific public-side projects outlined in the Plan;
  • Provide District revenues, as permitted by the Law, to encourage private developers to complete actions and activities outlined in the Plan; and,
  • Utilized those powers extended in the Business District Development and Redevelopment Law to the corporate authorities in the development and redevelopment of the District.

Click Here to read the full copy of the Bourbonnais Business District Plan

 

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