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Home My WebLink About86-0714 S Grove &6- o-4-1y S. Ca,.ev e. RESOLUTION AUTHORIZING ACQUISITION OF CERTAIN PROPERTY WITHIN THE REDEVELOPMENT PROJECT AREA PURSUANT TO THE REAL PROPERTY TAX INCREMENT ALLOCATION REDEVELOPMENT ACT WHEREAS, on September 9, 1985 the City Council of the City of Elgin (Ordinance No. G73-85) approved a tax increment redevelopment plan and redevelopment project in the City of Elgin pursuant to the Real Property Tax Increment Allocation Redevelopment Act, as amended, constituting Division 74.4 of Article 11 of the Illinois Municipal Code (hereinafter referred to as the "Act") for the proposed Redevelopment Plan and Redevelopment Project within the municipal boundaries of the City; and WHEREAS, said plan identified a Redevelopment Project Area classified as a "blighted area" as defined in Section I I-74-4-3(a) of the Act; and WHEREAS, the property described herein is located within the Redevelopment Project Area of said plan; and WHEREAS, the proposed Redevelopment Project Area on the whole has not been subject to growth and development through investment by private enterprise and would not be reasonably anticipated to be developed without the adoption of the Redevelop- ment Plan; and WHEREAS, the Redevelopment Plan and Redevelopment Project conform to the Comprehensive Plan for the development of the City as a whole; and WHEREAS, the City Council of the City of Elgin has determined that it is neces- sary and desirable to acquire the real property described herein for the purpose of redevelopment pursuant to the Act. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ELGIN, ILLINOIS: Section I. That it is hereby determined that certain real property in the City of Elgin, Kane County, Illinois, hereinafter described, be acquired for the purpose of redevelopment pursuant to the Real Property Tax Increment Allocation Redevelopment Act. Section 2. That it is hereby determined that it is necessary and desirable that the City of Elgin shall acquire title to and possession of the following described real property, which is necessary, required and needed for the purpose of redevelopment of the Redevelopment Project Area pursuant to the Real Property Tax Increment Allocation Redevelopment Act, to wit: Parcel 23 The southerly 33 feet of lot 16 in block I of O. Davidson's addition to Elgin, in the City of Elgin, Kane County, Illinois. The northerly 33 feet of lot 15 in block I of O. Davidson's addition to Elgin, in the City of Elgin, Kane County, Illinois. Parcel 24 Lot 12 in block I of O. Davidson's addition to Elgin, in the City of Elgin, Kane County, Illinois. Approximately the westerly 62.98 feet of lot II in block I of O. Davidson's addition to Elgin, in the City of Elgin, Kane County, Illinois. Lots 9, 10 and the easterly 68 feet of lot II in block I of 0. Davidson's addition to Elgin, in the City of Elgin, Kane County, Illinois. Parcel 25 Lots 7 and 8 in block 4 of O. Davidson's addition to Elgin, in the City of Elgin, Kane County, Illinois. Parcel 26 Lot 24, the southerly 36.5 feet of lot 25, the northerly 33 feet of lot 23, the southerly 63 feet of lot 5, and the northerly 23.5 feet of lot 6 in block 2 of O. Davidson's addition to Elgin, in the City of Elgin, Kane County, Illinois. Parcel 27 Approximately the southerly 41 feet of lot 6 (excepting the southerly 20 feet) in block 2 of O. Davidson's addition to Elgin, in the City of Elgin, Kane County, Illinois. Parcel 28 Lot 14 and the southerly 33 feet of lot 7 in block I of O. Davidson's addition to Elgin, in the City of Elgin, Kane County, Illinois. Parcel 29 Lots 4, 5 and 6 in block 3 of 0. Davidson's addition to Elgin, in the City of Elgin, Kane County, Illinois. Lot 7 in block 3 of O. Davidson's addition to Elgin, in the City of Elgin, Kane County, Illinois. Lot 8 in block 3 of 0. Davidson's addition to Elgin, in the City of Elgin, Kane County, Illinois. Section 3. That James J. Cook, City Manager of the City of Elgin, be and is hereby authorized, empowered and directed to negotiate for and on behalf of the City of Elgin with the owner or owners of the above-described real properties for the purchase of the real property described by the City of Elgin. Section 4. That the City Manager be and is hereby authorized to offer the following sums as and for compensation to the owner or owners of the above-described properties; said offers shall be in writing: Parcels as Described Above Authorized Sums Parce 23 $ 80,000.00 Parce 24 $ 263,000.00 Parce 25 $ 116,000.00 Parce 26 $ 150,000.00 Parce 27 $ 24,000.00 Parce 28 $ 120,000.00 Parce 29 $ 350,000.00 Section 5. In the event that the City Manager is unable to agree with the owner or owners of said properties as to compensation to be paid therefor, in accordance with the provisions of this ordinance, then title to and possession of said properties shall be acquired by the City of Elgin in accordance with the laws of the eminent domain of the State of Illinois, and the Corporation Counsel is hereby authorized, empowered and directed to institute appropriate proceedings in any court of competent jurisdiction to acquire title to and possession of said property for the City of Elgin in accordance with the eminent domain laws of the State of Illinois. s/ Richard L. Verbic Richard L. Verbic, Mayor Presented: July 14, 1986 Adopted: July 14 , 1986 Vote: Yeas 7 Nays 0 Recorded: Attest: s/ Marie Yearman Marie Yearman, City Clerk -�, • Y • lti. 4' �w rr �` t r t k5 r � yV s- " i y� ? lw R 1j p r • J S°. { 4.... 4FM \A'�� '�J tN",' - 4r" e + ': M y 1 ♦ tt4 .„, ,.. 4: -�',_t t., ` fits " , - ".41,40..%. 4.,-..#ir.44 - - ,,,,lik,' -- -,.. • tett # . , :., 4 ' ..,„• - .- .,' .. . ''' ,'�; t ,* .,T.- v ;�# : !+`,. .. Y. .r1 -„ % <.`.a 1` t .`ire+7# 'y "r !' 'Sr ::_. g'-. ff iS ^ y ' +z rrAgtillP)44 rs£.: * �" "x;t.. ° - .- .;-r'.. \c. *off`" + ,r� , �a�v rTk 1 irt Y j� ;, '„!V I• ''1� 4 ,. }fir,. i` '. .' •: 's '". "It i •i �• ? °'�` .t+ -�,� y ,,rt•'pt.„ it ,�, r r 'fa �� BA rr 4 `'ffi .Tii.„,l,ski�.� 1�.r .»'��' 31•ep r ` ter '` ." • iX ' 4 {, ."'1' i a �df.*• ' •- 1. r''rr f...tc .. „ A:. ��L.` .• i 4':a !' 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