Sullivan has three TIF districts. A business can apply for TIF by completing an
application and returning it to the City Treasurer located at 2 West
Harrison Street in Sullivan. The application must be returned prior to any work
beginning on the property. The applicant must then negotiate with the city a
percentage of the property tax increment to be returned to him/her each year over
the life of the TIF. When work on the property is complete, receipts for all
eligible expenses must be given to the city. To receive reimbursement, each year,
the property owner must send a copy of his paid property tax receipt to the City
Treasurer. Reimbursements will continue until the total approved expenses are
paid out or until TIF expires.
TIF 1 - Expires 2021
TIF 2 - Expires 2026
TIF 3 - Expires 2024
