The Village of Cary has no intention to utilize condemnation to acquire property to promote a project for redevelopment.
Condemnation is a statutory proceeding which is governed by the Illinois Eminent Domain Act. Condemnation is a tool available to taxing bodies currently, regardless of whether a property is located within a TIF. There are certain standards that need to be satisfied for a government entity to acquire property through this process, including providing just compensation for the property. Further, there is nothing in the proposed TIF plan that identifies any property within the TIF for condemnation.
It is possible that after the TIF is created property owners may be approached by the development community with interest in purchasing their particular property. However, it is the Village’s desire that any such transactions be completed privately without the need for public participation.