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DESCRIPTION:The Downstate Chapter Central Region invites you to join them f
 or a half-day seminar on Navigating Tax Increment Financing (TIF): From Cr
 eation to Compliance. This seminar includes two sessions on Tax Increment 
 Financing (TIF)\, featuring real-world examples from the City of Decatur. 
 Learn about TIF creation\, eligible project costs\, compliance\, and admin
 istrative processes. Gain insights into debt financing alternatives and re
 porting requirements. Whether you're new to TIFs or seeking to refine your
  understanding\, this seminar equips you with the knowledge to navigate TI
 F financing effectively. Registration includes a networking lunch immediat
 ely following the second presentation.\nAGENDASPEAKER BIOS\nSession 1 - Ta
 x Increment Concepts to Consider for Planned Community Growth\nThis sessio
 n will be a primer on tax increment financing (TIF) with real world exampl
 es provided by the City of Decatur. We will discuss what TIFs are\, how th
 ey can be used as a mechanism to promote economic development\, how a TIF 
 district is created\, the types of costs that are TIF eligible and the deb
 t financing alternatives most commonly used to fund projects within a TIF.
 \nLearning Objectives:  Participants completing this session will be able 
 to:\n\nUnderstand how TIFs work and how they can be an effective economic 
 development tool for planned community growth\;\nLearn the legal framework
  behind TIF creation\, eligible costs\, and the appropriate use of TIF fun
 ds\; and\nUnderstand the financing vehicles commonly used that leverage TI
 F funds and the key considerations in this financial market.\n\nSpeakers: 
  Jon Kindseth\, Deputy City Manager\, City of Decatur\, James Snyder\, Par
 tner\, Ice Miller LLP and Dalena Welkomer\, Director\, Baird Public Financ
 e\nSession 2 - TIF District Compliance Workshop\nThis session will discuss
  what types of project costs are TIF-eligible expenses and effective ways 
 to document such TIF eligible costs to maintain compliance with the TIF Ac
 t and TIF Redevelopment Agreements. Attendees will also learn about State 
 Comptroller Annual Reporting requirements and 10-year TIF status reports\,
  including information included in each report\, the process for filing wi
 th the State\, the corresponding deadlines\, extensions and information to
  be tracked annually within each TIF District. This session will also cove
 r the Legislative process to extend the term of a TIF District and the pro
 cess to terminate a TIF District\, including how municipalities can admini
 ster funds remaining in the TIF Account.\nLearning Objectives:  Participan
 ts completing this session will be able to:\n\nUnderstand the types of TIF
  Eligible Project Costs and how to properly verify such costs for TIF proj
 ects\;\nUnderstand requirements of the State Comptroller Annual Reports\; 
 and\n\nUnderstand how to terminate a TIF District and the process for doin
 g so. \n\n\nSpeakers:  Gwen Crawford\, Vice President\, The Economic Devel
 opment Group\, Ltd.\, Herb Klein\, Attorney\, President\, Jacob & Klein\, 
 Ltd. and Paul Ostrosky\, Economic Development Analyst\, The Economic Devel
 opment Group\, Ltd.\nIntended Audience: Finance ProfessionalsDelivery Meth
 od: Group LiveProgram Level: OverviewPrerequisites: No prerequisites requi
 redAdvanced Preparation: No advanced preparation requiredField of Study: F
 inance - Technical and Business Law - TechnicalLast Review/Revision/Update
 : May 23\, 2024NASBA CPE Credits: Earn About 2.0 CPE credit
DTEND:20240523T130000
DTSTAMP:20260521T144937
DTSTART:20240523T093000
LOCATION:The Decatur Club\, 158 W Prairie Ave.\, Decatur\, Illinois 62523
SEQUENCE:0
SUMMARY:Navigating Tax Increment Financing (TIF): From Creation to Complian
 ce
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