Lake Villa, IL · Lake County
Tax Increment Financing Incentive Application
Developers use this application to request Village of Lake Villa tax increment financing assistance for a commercial, industrial, or other eligible development project.
What this form is
The application lets a developer request TIF assistance for a project that demonstrates a financial gap and may support the Village’s development goals. Applicants provide taxpayer, project, financing, development team, and community impact information, along with supporting materials such as evidence of site control, a detailed budget, and a sworn statement of expenses. Applications are reviewed individually, and meeting the guidelines does not guarantee assistance.
Who needs it
A developer seeking Village of Lake Villa TIF assistance for a development or redevelopment project should complete and submit the application with supporting materials.
How to submit it
Submit the completed application and supporting materials to Michael Strong, Village Administrator, Village of Lake Villa, 65 Cedar Avenue, Lake Villa, Illinois 60046. Questions may be sent to [email protected] or (847) 356-6100.
About notarization
This application is signed without a notary; it lists a sworn statement of expenses among the supporting documents but does not say that the statement must be notarized.
How to submit this form
- 1
Download the Application
Download the Tax Increment Financing Incentive Application PDF.
- 2
Complete the Application
Provide taxpayer and project details, requested incentive, development information, and responses about the project’s community impact.
- 3
Gather Supporting Materials
Include applicable items listed in the document, such as evidence of site control, project budget, financing materials, and a sworn statement of expenses.
- 4
Submit to the Village
Send the completed application and supporting materials to the Village Administrator at the address provided in the document.
Frequently asked questions
- Who can use the TIF Incentive Application?
- A developer seeking Village of Lake Villa tax increment financing assistance can use the application to provide information about the taxpayer, proposed project, financing, development team, and community impact.
- What supporting documents are requested?
- The document lists items including evidence of site control, an appraisal when real estate is involved, a detailed project budget, financing information, and a sworn statement of expenses. Additional materials may also be requested.
- Do I need a notary for the TIF Incentive Application?
- No. This application is signed without a notary. It lists a sworn statement of expenses as a supporting document, but does not say that the statement must be notarized.
- How do I submit the TIF Incentive Application?
- Send the completed application and supporting materials to Michael Strong, Village Administrator, at 65 Cedar Avenue, Lake Villa, Illinois 60046. The document also gives an email address and phone number for questions.
Need something notarized?
This Tax Increment Financing Incentive Application doesn’t need a notary — but Illinois residents can notarize other documents online with a commissioned online notary.