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FISHER VILLAGE OFFICE | 100 E. School St. | FISHER, IL 61843
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totally improved fisher

Special Incentives
AN OLD SHED LIKE
THIS ONE...

COULD BE WORTH
SOMETHING TO YOU!
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save $10,000

VIEW STATE
INCENTIVES

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LOCAL INCENTIVES
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Totally Improved Fisher (TIF)
Program Options
What do you
want to do?
Tax Increment Financing Redevelopment Agreement Revolving Loan Fund with TIF District Benefits Revolving Loan Fund without TIF District Benefits Totally Improved Fisher Grant
NEW
Construction
YES (minimum investment of $90,000)
YES (minimum investment of $90,000)
YES (minimum investment of $90,000)
N/A
"Fix-Up"
Project
YES (minimum investment of $15,000)
YES (minimum investment of $5,000)
YES (minimum investment of $5,000)
N/A
"Clean-Up"
Project
N/A
N/A
YES
YES
Eligibility
Projects on properties located within the Fisher TIF District.
Projects on properties located within the Fisher TIF District.
Projects on properties located within the corporate limits of the Village of Fisher.

Projects on properties located within the corporate limits of the Village of Fisher.
Terms
50% rebate of annual net real estate tax increment up to $8,000 of approved eligible project costs, 8 years, or life of TIF District whichever occurs first. Limited to one TIF District Redevelopment Agreement per parcel and the availability of TIF District funds. Projects requiring investment of $200,000 or more may be eligible for additional TIF District benefits.

Loans available to qualified borrowers per terms of the lending institution plus 50% credit of annual real estate tax increment up to $8,000 of approved eligible project costs, 8 years, or life of TIF District, whichever occurs first. Limited to one loan per parcel and the availability of funds.
Terms depend on Bank’s determination of applicant’s overall creditworthiness. Limited to one loan per parcel and the availability of funds.
Grants valued at $1.00 per square foot (up to $1,000 maximum) of structure demolished, removed, or relocated from the subject property. Limited to one grant per parcel per year and the availability of funds.
Payment
Procedures
Annual rebate of net real estate tax increment generated by the project per terms of a Redevelopment Agreement. Loan repayment per Bank requirements; plus annual credit of 50% of real estate tax increment generated by the project per terms of a Redevelopment Agreement.

Loan repayment per Bank requirements; TIF District benefits do not apply. Pre-defined, one-time, lump-sum requisition upon completion of project.
Application
Process
Contact the Village’s TIF District advisers at The Economic Development Group, Ltd. (309)664-7777.

Contact Fisher National Bank for Program Application, (217) 897-1136. Contact Fisher National Bank for Program Application, (217) 897-1136. Contact Fisher National Bank for Program Application, (217) 897-1136.

See Totally Improved Fisher.

The Fisher TIF District is the area
within the blue hatched line ( / / / / / ).
TIF District map

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