The Joint Review Board Meeting for the Village of Shorewood took place on July 1, 2025, at 8:04 AM. The meeting commenced with the selection of a chair, where President McKay nominated himself, and the motion was seconded by Celia Benton. The board unanimously approved McKay as chair.
Due to the absence of a public member, who was traveling, the meeting proceeded without public representation. The primary agenda focused on reviewing the performance of the Shorewood Tax Increment Financing (TIF) districts. Members confirmed they had reviewed the provided materials.
Christina and David presented an overview of the financial performance of the three TIF districts. They reported that all districts were performing better than expected in terms of revenue. However, they noted that TID 3 and TID 5 were falling short of projected equalized values, while TID 4 was meeting expectations.
Following the presentation, the board acknowledged the state-required reports regarding the TIF districts. Abigail Fowler moved to acknowledge and approve the filing of the reports, with Celia Benton seconding the motion. The motion passed without opposition.
The board then addressed a resolution related to the TIF districts, which was also moved by Celia Benton and seconded by Abigail Fowler. After a brief discussion, the resolution was adopted unanimously.
The meeting concluded with a motion to adjourn, made by Celia Benton, which was accepted without objections. The meeting adjourned at 8:10 AM, with the chair thanking attendees for their participation and support for the village.