Commercial Point Village Council members reviewed final redlines and engineering changes for Ordinance 2024-O3, a proposed rezoning of roughly 10 acres within the village to a Planned Unit Development (PUD) and adoption of a preliminary plan. The item was placed for its third reading; no final vote was taken at the meeting.

Council members and staff said the most significant changes now in the draft are technical and administrative: edits to references (changing “city” to “village”), clarification of school-district language, alignment of footnotes between the plan and attachment A, and a set of engineering-driven revisions to street widths, turning radii and setbacks. Village engineers reviewed and recommended increases in the face‑to‑face pavement widths: 32 feet on main streets and 28 feet on secondary streets (the plan originally showed narrower dimensions). Setback and rear/side standards were adjusted to match prior nearby developments.

On financing, council members confirmed the developer will be paid through a tax-increment financing (TIF) reimbursement rather than a bond or a cooperation agreement. Council set a cap on TIF reimbursements at $2,079,000 and removed any provision for interest or bonding. Staff said the developer will receive TIF distributions as revenue comes in, after administrative costs, up to that cap; the village will be the only party overseeing and disbursing the TIF funds.

Off-site public-infrastructure obligations were clarified: the development agreement will require “all necessary improvements” to McCord Road, Durrett Road and any other public roads identified by the traffic study. Council and staff said required off‑site work will be engineered to meet the traffic study’s findings and that a turn lane is likely where dictated by that study. Council emphasized those off‑site upgrades are the developer’s responsibility; if construction costs exceed what the developer estimated, the village will not fund increases beyond the agreed caps.

Council members discussed potential variability in builders and home styles; members noted the zoning and planned‑unit standards limit identical repeats of home façades and require variation. Staff said the development standards text will include prior modifications granted to earlier developers (re: roadway radii and service‑vehicle turning requirements) and that a redline of the final text will be circulated before the next meeting.

No formal motion or vote on Ordinance 2024-O3 occurred at the meeting; staff said the ordinance will proceed to the scheduled third reading and that council will be provided a redlined draft and the readable preliminary plan before that session.