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HomeMy WebLinkAboutS5-99 Ordinance No. S5-99 AN ORDINANCE PROPOSING AN AMENDED REDEVELOPMENT PLAN AND PROJECT FOR THE PREVIOUSLY DESIGNATED DUNDEE/SUMMIT REDEVELOPMENT PROJECT AREA, CONVENING A JOINT REVIEW BOARD AND CALLING A PUBLIC HEARING IN CONNECTION THEREWITH WHEREAS, pursuant to the Tax Increment Allocation Redevelopment Act, as supplemented and amended (Act) , the City of Elgin, Kane County, Illinois, is authorized to approve a redevelopment plan for and to designate redevelopment project areas and adopt tax increment allocation financing therefor; and WHEREAS, the City Council of the City of Elgin, Illinois has heretofore caused a study to be conducted to determine the conditions in that part of the City legally described as set forth on Exhibit A-1 hereto and located generally at the southwest corner of Dundee Avenue and Summit Street within the City; and WHEREAS, the City Council of the City of Elgin, Illinois has determined that said territory would qualify as a "redevelopment project area" as defined in the Act and that said territory on the whole has not been subject to growth and eft. development through private enterprise and would not reasonably be anticipated to be developed without the adoption of a redevelopment plan and the use of tax increment allocation financing as provided in the Act; and WHEREAS, the City Council of the City of Elgin, Illinois has previously adopted and designated a redevelopment area and plan for the area commonly known a the Dundee/Summit TIF District by Ordinances S8-86 and S9-86, adopted December 22 , 1986 (Prior Ordinances) ; and WHEREAS, the City Council of the City of Elgin, Illinois has determined that it is advisable that the City afford itself of the provisions of the Act and by ordinance approve an amended redevelopment plan (Redevelopment Plan) and an amended redevelopment project (Project) for said territory previously designated by Prior Ordinances and as legally described on said Exhibit A-1 as a redevelopment project area commonly known as the "Dundee/Summit Redevelopment Project Area" (Redevelopment Project Area) , all as provided in the Act; and WHEREAS, the Act requires the City to conduct a public hearing prior to the adoption of ordinances approving the amended Plan and the amended Project for the previously * designated Redevelopment Project Area, at which hearing any interested person or affected taxing district may file with the City Clerk written objections to and may be heard orally with respect to the proposed approval of the amended Plan and amended Project for the previously designated Redevelopment Project Area; and WHEREAS, the Act further requires that prior to holding a public hearing, the City convene a joint review board consisting of a representative selected by each community college district, local elementary school district, and high school district or each local community unit school district, park district, library district, and county that has authority to directly levy taxes on the property within the proposed Redevelopment Project Area, a representative selected by the City, and a public member to consider the subject matter of the public hearing; and WHEREAS, the City of Elgin, Illinois has previously created a Tax Increment Financing District consisting of the same geographic boundaries as provided for herein; and WHEREAS, the City of Elgin has determined in its best interests and the interests of the citizens of Elgin to amend the redevelopment plan thereto; and WHEREAS, the Act requires that notice of the public hearing be given by publication and mailing. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ELGIN, ILLINOIS, as follows : Section 1 . The approval of the amended Redevelopment Plan and amended Project, and the adoption of tax increment allocation financing therefor are hereby proposed. Section 2 . A public hearing shall be held by the Mayor and Members of the City Council at 7 : 30 o ' clock P.M. on the 11th day of August, 1999, at Elgin City Hall , 150 Dexter Court, Elgin, Illinois, for the purpose of hearing from any interested persons or affected taxing districts regarding the proposed approval of the amended Redevelopment Plan and amended Project . Section 3 . Notice of the hearing, substantially in the form attached hereto as Exhibit A-2 , shall be published at least twice, the first publication to be not more than 30 nor less than 10 days prior to the hearing, in a newspaper of general circulation within the taxing districts having property in the Redevelopment Project Area. In addition, notice shall be mailed by certified mail not less than 10 days prior to the date set for the hearing, addressed to the person or person in whose name the general taxes for the last preceding year were paid on each lot, block tract, or parcel /�► of land lying within the Redevelopment Project Area . In the event taxes for the last preceding year were not paid, the notice shall also be sent to the persons last listed on the �.. tax rolls within the preceding three years as the owners of such property. Each mailed notice shall include a copy of the proposed Redevelopment Plan. Section 4 . Notice shall also be given by certified mail to all taxing districts of which taxable property is included in the Redevelopment Project Area and to the Illinois Department of Commerce and Community Affairs not less than 45 days prior to the hearing, and such notice shall also include an invitation to each taxing district and the Illinois Department of Commerce and to the attention of the City Clerk, 150 Dexter Court, Elgin, Illinois 60120, concerning the subject matter of the hearing. Each such mailed notice shall include a copy of the proposed Redevelopment Plan. Section 5 . A draft of the proposed amended Redevelopment Plan shall be placed on file at the offices of the City no later than June 25, 1999, being a date not less than 30 days prior to the date of such hearing . Section 6 . A joint review board as set forth in the Act is hereby convened and the board shall meet, review such documents, and issue such report as set forth in the Act . The fist meeting of said joint review board shall be held at 4 : 00 p.m. on the 7th day of July, 1999, at Elgin, Illinois . Section 7 . This ordinance shall become effective upon its adoption. E Schoc , Mayor Presented: June 23 , 1999 Passed: June 23 , 1999 Vote : Yeas 7 Nays 0 Recorded: June 24 , 1999 Published: Attest : ' A , Dolonna Mecum, City Clerk eft-