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HomeMy WebLinkAboutG70-82 Ordinance No. G70-82 011., AN ORDINANCE DESIGNATING AN ENTERPRISE ZONE UNDER THE ILLINOIS ENTERPRISE ACT WHEREAS, the State of Illinois has passed legislation providing for the establishment of enterprise zones under the Illinois Enterprise Zone Act (Public Act 82-1019) ; and WHEREAS, Section 2 of said Act provides as follows: The General Assembly finds and declares that the health, safety and welfare of the people of this State are dependent upon a healthy economy and vibrant communities; that the con- tinual encouragement, development, growth and expansion of the private sector within the State requires a cooperative and continuous partnership between government and the private sector; and that there are certain depressed areas in this State that need the particular attention of government, business, labor and the citizens of Illinois to help attract private sector investment into these areas and directly aid the local community and its residents. Therefore, it is declared to be the purpose of this Act to explore ways and means of stimu- lating business and industrial growth and retneion in depressed areas of the State by means of relaxed government controls and tax incentives in those areas. eand WHEREAS, included within the City of Elgin is an area greater than one-half square mile and less than ten square miles more fully described below; and WHEREAS, the aforesaid area is subject to and is experiencing economic depression including pervasive poverty, unemployment and economic distress; and WHEREAS, the City of Elgin conducted a public hearing concerning the designation of the area described above as an enterprise zone, after due notice in the manner provided by law; and WHEREAS, the City of Elgin has determined that the area described is a depressed area requiring a stimulation of business and industrial growth and retention and that the abatement of certain municipal taxes will con- tribute to the encouragement of construction of new commercial and industrial improvements and the rehabilitation of existing structures and increase employment opportunities by attracting and encouraging private sector investment thereby aiding the City of Elgin and its residents including those located within the area described. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ELGIN, ILLINOIS: r Section 1. That the City Council of the City of Elgin hereby finds and determines that the area described below: (a) is a contiguous area located entirely within the City of Elgin; and (b) comprises a minimum of one-half square mile and not more than ten square miles in total area, exclusive of lakes and water- ways; and (c) is a depressed area; and (d) is an area of low income household concentration as deter- mined through analysis of the 1980 federal census; and (e) is an area of the City which has experienced an average unemployment rate of 150% of the average statewide unemployment rate, for the most recent six month period for which data is avail- able as reported by the Illinois Department of Labor, Bureau of Employment Security, Research and Development Section. Section 2. That the following described territory located wholly within the City of Elgin be and is hereby designated as an enterprise zone: That area in the central part of the City of Elgin, East of the Fox River; contained within the East Half of Section 11, Southwest Quarter of Section 12, West Half and Southeast Quarter of Section 13, East Half of Section 14 and the North Half of Section 24, all in Township 41 North, Range 8 East; all in Kane County, Illinois. Described as follows: Commencing at the intersection of the right-of-way centerlines of Summit Street, Illinois Route 58, and Dundee Avenue; thence Southwesterly along said Dundee Avenue centerline to the intersection with the right-of- way centerline of Center Street; thence Southerly along said Center Street centerline to the intersection with the right-of-way center- line of Division Street; thence Easterly along said Division Street centerline to the intersection with the right-of-way centerline of Geneva Street; thence Southerly along said Geneva Street center- line to the intersection with the right-of-way centerline of Villa Street; thence Southeasterly along said Villa Street centerline to the intersection with the right-of-way centerline of St. Charles Street; thence Southeasterly along said St. Chargles centerline to the intersection with the right-of-way centerline of May Street; thence Westerly along said May Street centerline, continuing along a prolongation of May Street centerline to the intersection with the east shoreline of the Fox River; thence Northwesterly along the east shoreline of the Fox River to the intersection of the right-of-way centerline of Kimball Street; thence Easterly along said Kimball Street centerline to the intersection with the right- of-way centerline of Grove Avenue; thence Northerly along said Grove Avenue centerline to the intersection with the Westerly right-of-way line of the Chicago & Northwestern Railroad; thence Northwesterly along said Westerly right-of-way line of the Chicago $ Northwestern Railroad to the intersection with the right-of-way centerline of Jefferson Avenue; thence Westerly along said Jefferson Avenue centerline to the intersection with the east shoreline of the Fox River; thence Northerly along the east shore- line of the Fox River to the intersection with the Westerly prolongation of the right-of-way centerline of Slade Avenue; thence Pk Easterly along said Slade Avenue centerline to the intersection with the right-of-way centerline of Grove Avenue; thence Southerly along said Grove Avenue centerline to the intersection with the right-of-way centerline of Plum Street; thence Easterly along said Plum Street centerline to the intersection with the right-of-way centerline of St. John Street; thence Southerly along said St. John Street centerline to the intersection with the right-of-way center- line of Summit Street, Illinois Route 58; thence Easterly along said Summit Street centerline to the point of origin at the inter- section with the right-of-way centerline of Dundee Avenue. Section 3. That upon certification by the Illinois State Department of Commerce and Community Affairs of the area described as an Illinois enterprise zone, the City of Elgin, acting through its appropriate officials, and in the manner provided by law, shall abate 100 percent of taxes levied upon real property located within the enterprise zone not to exceed the amount attribu- table to the construction of improvements and the renovation or rehabilitation of existing commercial and industrial improvements after certification of the enterprise zone, except that such abatement shall not apply to improve- ments made under the Illinois Real Property Tax Increment Allocation Redevelop- ment Act. Section 4. That the term of the enterprise zone designated herein shall be for a period of ten years after certification by the Illinois State Depart- ment of Commerce and Community Affairs as provided by law. Section 5. That the City Manager is hereby authorized and directed to cause to be prepared and to execute and file an application with the Illinois State Department of Commerce and Community Affairs in accordance with the pro- visions of the Illinois Enterprise Zone Act and to provide such additional information and documents as may be required by the Department and to otherwise take such action as may be necessary on behalf of the City of Elgin to obtain certification by the Department of the enterprise zone herein established. Section 6. That this ordinance shall be in full force and effect from and after its passage in the manner provided by law. s/ Richard L. Verbic Richard L. Verbic, Mayor Presented: December 22, 1982 Passed: December 22, 1982 Vote: Yeas 6 Nays 0 Recorded: Published: Attest: s/ Marie Yearman Marie Yearman, City Clerk r