FACILITIESPENDING

west-dundee-village-cow-agenda-august-11-2025_9bf.pdf

Sightwell Seeks TIF Package For Hallmark Building Redevelopment

Approximately $1,000,000 in Village assistance (sell $400,000 building for $1, $600,000 TIF assistance, $30,000–$40,000 in permit fee waivers)West Dundee villageSIGHTWELLAugust 11, 2025

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Description

The Village of West Dundee is considering a redevelopment proposal from Sightwell to transform 108-110 W. Main Street into “The Hallmark Building,” a two-story mixed-use project. The developer would invest nearly $2 million and is requesting roughly $1 million in assistance through a $1 building sale, TIF funding, and permit fee waivers over the remaining 16-year TIF term.

Contract Details

Contract Amount

Approximately $1,000,000 in Village assistance (sell $400,000 building for $1, $600,000 TIF assistance, $30,000–$40,000 in permit fee waivers)

Vendor

SIGHTWELL

Agency

West Dundee village, IL

Contract Type

FACILITIES

Document Date

August 11, 2025

Contract Term

16-year TIF projection horizon (remaining life of TIF District)

Renewal Info

Single redevelopment incentive package tied to TIF District life; no recurring renewal terms discussed.

Related Contracts

Issuing Agency