2026-08-27 Village of Villa Park Joint Review Board

The Village of Villa Park held a Joint Review Board meeting on August 27, 2026, to review the status of multiple Tax Increment Financing (TIF) districts and redevelopment project areas for the previous fiscal years. The meeting included elections for public members and chairpersons of the board. Key procurement-related discussions focused on expenditures and redevelopment activities within several TIF districts, including TIF 3, TIF 4, TIF 5, TIF 6, and TIF 7. Notable expenditures included debt service payments, property acquisitions such as the purchase of the Walawwak House, street lighting improvements, and administrative costs. The board also discussed redevelopment agreements, including negotiations with Marquette Properties for the Union project and potential infrastructure improvements like parking and water lining. The meeting concluded with motions to adjourn after no public comments or further business were presented.