Carpentersville annexes nearly 150 acres as it moves forward with plans for new TIF district

Carpentersville annexes nearly 150 acres as it moves forward with plans for new TIF district

Carpentersville has annexed 147.9 acres along the Randall and Huntley roads with an eye towards creating a new Tax Increment Financing district to spur development. Agreements for the most recent two annexations were approved this week by the Carpentersville Village Board. Other parcels have already been brought into the village with earlier votes, officials said. “We cannot create a TIF district outside of our municipal jurisdiction so a prereq…