REQUIRED TESTS AND FINDINGS

Additional Requiredfindings

Proposed Rpa

• Only ~$560,000 annually invested over the past five years (2017-2022)

• No new construction

But for the creation of a TIF district, critical resources would be lacking that would otherwise support the redevelopment of the TIF district, and the TIF would not be reasonably anticipated to be redeveloped

Proposed RPA includes only the contiguous property that is expected to substantially benefit from the TIF District

Future land use conforms with the Village’s 2009 Comprehensive Plan, as well as existing, pending and subsequent amendments to that plan, which include the proposed RPA

The Village of Buffalo Grove certifies that the Redevelopment Plan will not result in the displacement of 10 or more inhabited residential units as a result of activities pursuant to this Redevelopment Plan. Therefore, a Housing Impact Study is not required under the Act

December 31, 2047, if the ordinances establishing the proposed RPA are adopted during 2023