VOP Spring/Summer 2016

REINVESTING IN THE COMMUNITY

PUTTING IT IN PERSPECTIVE Orland Park’s general obligation and other long-term debt is approximately $116 million. The village has an equalized assessed value (EAV), or total taxable value of the community, of more than $2.01 billion. This ratio is comparable to a

$400,000 VALUED HOME

$23,160 MORTGAGE BALANCE

homeowner having a mortgage balance of $23,160 on a home with a market value of $400,000.

APPEARANCE IMPROVEMENT GRANT PROGRAM

site or building from storefront to landscape. For historic preservation, the grant program seeks to preserve, restore and rehabilitate the historical qualities of buildings and sites that are significant to our local heritage. The grant funds 50% of the cost of work, up to $20,000 for eligible projects. This encourages private investment in the community and averages approximately $10 in private investment for every grant dollar.

The Village of Orland Park is reinvesting in the community and encouraging businesses to reinvest as well. The Appearance Improvement Grant Programwas created by the VIllage Board to assist businesses and property owners with the improvement of the exterior appearance of buildings within the Village. The program focuses on two areas, commercial development and historic preservation. For commercial development, the grant program addresses the whole appearance of a

A MORE VISUALLY APPEALING ORLAND PARK

PRIVATE INVESTMENT + =

VILLAGE INVESTMENT

| ORLAND PARK PUBLIC | SPRING/SUMMER 2016 | ORLANDPARK.ORG 9