Description of District Tax Incremental District (“TID”) No. 2 (“District”) is a proposed Blighted Area District comprising approximately 15 acres located primarily at the intersection of East Friestadt Road and North Main Street. The District will be created to pay the costs of land acquisition/remediation, infrastructure, and developer incentives (“Project”) needed to be developed by NexJenn Real Estate LLC (“Developer”). In addition to the incremental property value that will be created, the Village expects the Project will result in additional retailers, additional multifamily, and area redevelopment
