Monee Approves $5.6 Million TIF Redevelopment Agreement for Voortman USA Facility

Monee Village Board of Trustees Meeting | March 25, 2026

Article Summary: The Monee Village Board finalized a redevelopment agreement and promissory note to reimburse Voortman USA up to $5.6 million in Tax Increment Financing (TIF) funds for the construction of its new manufacturing facility.

Voortman Redevelopment Key Points:

• Voortman USA is constructing a 120,000-square-foot manufacturing building on Ridgeland Avenue, with substantial completion expected by June 1, 2026.

• The developer will be reimbursed up to $5.6 million for TIF-eligible expenses from 80% of the incremental property taxes generated by the site.

• The village will issue a non-recourse, zero-interest redevelopment note, ensuring no general liability or financial risk to local taxpayers.

• Upon receiving its occupancy permit, Voortman will donate $351,000 to the village to offset the cost of building a new community park on Ridgeland Avenue, which will be named after the company.

The Monee Village Board of Trustees on Wednesday, March 25, 2026, unanimously approved a comprehensive redevelopment agreement to provide millions in tax increment financing incentives for a major new industrial facility.

The board officially adopted Ordinance #2134, authorizing the execution of a Redevelopment Agreement (RDA) between the village and Voortman USA, Corp. The developer is currently constructing a 120,000-square-foot manufacturing facility on vacant land along Ridgeland Avenue, located within the boundaries of the Monee Tax Increment Redevelopment Project Area No. 5.

According to the village’s legal counsel, Voortman USA has accrued over $8 million in TIF-eligible project costs. To incentivize the development, the village negotiated a reimbursement package capped at $5.6 million.

The village will reimburse the company using 80% of the incremental property tax revenue generated by the newly developed site. To formalize the payment structure, the board also unanimously approved Ordinance #2135, authorizing the execution of a non-recourse redevelopment note.

Village attorneys stressed that the $5.6 million note carries zero interest and is strictly a non-recourse obligation. This means the payments are solely tied to the new property taxes generated by the Voortman facility itself. If the site fails to generate sufficient tax increment, the village is not required to use general funds to make up the difference, completely shielding local taxpayers from liability. The reimbursement will continue annually until the note is paid off or the 23-year lifespan of TIF District No. 5 expires.

In addition to expanding the village’s industrial tax base, the agreement guarantees a direct community benefit. According to the approved RDA packet, upon the issuance of the facility’s occupying permit, Voortman USA will submit a one-time payment of $351,000 to the village. The funds will be directly applied to offset the cost of building a new community park near the facility on Ridgeland Avenue. In recognition of the donation, the village has agreed to name the site after Voortman Industries for as long as the developer maintains a presence in Monee.

Construction on the facility has been progressing rapidly, and the developer expects the building to be substantially completed by June 1, 2026.