Geneva to spend $95K on house for redevelopment
GENEVA – Aldermen Monday voted to spend $95,000 in tax increment financing money to buy a house at 617 E. State St.
The money comes from the East State Street TIF district, created in 2000 to promote new development on Geneva’s east side.
Aldermen first recommended approval of the purchase at a Committee of the Whole meeting, then finalized the action at a special City Council meeting immediately afterward. Both times aldermen voted 8-2, with 5th Ward Alderman Ralph Dantino and 3rd Ward Alderman Dean Kilburg absent.
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