TO: Mayor and City Council
FROM: Kevin Sing, Director of Finance
SUBJECT:
title
Ordinance Proposing the Creation of a Business District in the City of Joliet, Will and Kendall Counties, Illinois, and Fixing the Date and Time for a Public Hearing in Connection with the Same (Rock Run Collection Business District)
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BACKGROUND:
The 2022 Redevelopment Agreement for the Rock Run Collection development included the creation of a Business District to generate revenue to repay the bond used for the installation of the infrastructure at the site. This ordinance is the first step in the process and schedules the required public hearing on August 4, 2026. The City utilized the services of SB Friedman to conduct the eligibility study and prepare the business district plan.
This item was removed from the May 19, 2026 Council Meeting for additional study. SB Friedman conducted a supplemental analysis of the Business District Act and has concluded that the Hollywood Casino parcels meet the eligibility of the act. Therefore, the plan has been updated to include these parcels in the district.
This item is only to set the public hearing on the district and not the implementation of the district.
The business district has been reviewed by the Finance Committee on May 19, 2026
CONCLUSION:
This item is to schedule the required public hearing on the creation of the Rock Run Collection Business District.
RECOMMENDATION:
recommendation
Based on the above, it is recommended that the Mayor and City Council adopt an Ordinance Proposing the Creation of a Business District in the City of Joliet, Will and Kendall Counties, Illinois, and Fixing the Date and Time for a Public Hearing in Connection with the Same (Rock Run Collection Business District)
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