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Home My WebLink AboutS9-99 Ordinance No. S9-99 AN ORDINANCE OF THE CITY OF ELGIN, KANE AND COOK COUNTY, ILLINOIS, APPROVING AN AMENDED REDEVELOPMENT PLAN AND AMENDED REDEVELOPMENT PROJECT FOR THE DUNDEE/SUMMIT TAX INCREMENT REDEVELOPMENT PROJECT AREA WHEREAS, it is desirable and for the best interests of the citizens of the City of Elgin, Kane and Cook County, Illinois, for the City of Elgin to implement tax increment allocation financing pursuant to the Tax Increment Allocation Redevelopment Act, Division 74 .4 of Article 11 of the Illinois Municipal Code, as amended (Act) , for a proposed amended redevelopment plan and amended redevelopment project (Plan and Project) within the municipal boundaries of the City of Elgin and within a previously designated and adopted redevelopment project area (Area) described in Section la of this ordinance, which Area constitutes in the aggregate more than one and one-half acres; 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 (Amended Redevelopment Plan) and an amended redevelopment project (Project) for said territory previously designated by Prior Ordinances and as legally described in Exhibit A hereto 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 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, pursuant to Section 11-74 .4-5 of the Act, the Mayor and City Council of the City of Elgin (Corporate Authorities) called a public hearing relative to the Amended Redevelopment Plan and amended Project area as a redevelopment project area under the Act for August 11, 1999, at the Elgin City Hall, Elgin, Illinois; and emk WHEREAS, due notice in respect to such hearing was given pursuant to Section 11-74 . 4-5 of the Act, said notice being given to taxing districts and to the Department of Commerce • and Community Affairs of the State of Illinois by certified ' m■ mail on June 25, 1999, by publication on July 15, 1999, and July 22, 1999, and certified mail to taxpayers within the Area on July 28, 1999, with the City of Elgin as an owner of parcels within the Area hereby waiving such mailed notice; and WHEREAS, the City of Elgin has heretofore convened a joint review board on July 7, 1999 as required by and in all respects in compliance with the provisions of P.A. 86-142 , effective August 7, 1992 ; and WHEREAS, the Amended Redevelopment Plan and amended Project set forth the factors that caused the previously designated area to be in danger of becoming blighted, and the Corporate Authorities have reviewed the information concerning such factors presented at the public hearing and have reviewed other studies and are generally informed of the conditions in the previously designed Area that could cause the area to be a "conservation area" as defined in the Act; and WHEREAS, the Corporate Authorities have reviewed the conditions pertaining to lack of private investment in the Area to determine whether private development would take place in the Area as a whole without the adoption of the proposed amended Plan; and WHEREAS, the Corporate Authorities have reviewed the '° conditions pertaining to real property in the Area to determine whether contiguous parcels of real property and improvements thereon in the Area would be substantially benefited by the proposed amended Project improvements; and WHEREAS, the Corporate Authorities have reviewed the proposed Amended Redevelopment Plan and amended Project and also the existing comprehensive plan for development of the City of Elgin as a whole to determine whether the proposed Amended Redevelopment Plan and amended Project conform to the comprehensive plan of the City of Elgin: NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ELGIN, ILLINOIS, as follows : Section 1 . Findings . The Corporate Authorities hereby make the following findings : a. The Area is described in Exhibit A attached hereto and incorporated herein as if set out in full by this reference . The street location (as near as practicable) for the Area is described in Exhibit B attached hereto and incorporated herein as if set out in full by this reference . The map of the Area is depicted on Exhibit C attached hereto and incorporated herein as i.•. if set out in full by this reference . b. There exist conditions that cause the Area to be subject to designation as a redevelopment project area under the Act and to be classified as a conservation area as defined in Section 11-74 .4-3 (b) of the Act . c . The 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 amended Plan and amended Project . d. The Amended Redevelopment Plan and amended Project conform to the comprehensive plan for the development of the Municipality as a whole . e . As set forth in the Amended Redevelopment Plan and in the testimony at the public hearing, the estimated date of completion of the amended Project is December 22 , 2009, and the estimated date of the retirement of all obligations incurred to finance redevelopment project costs as defined in the Amended Redevelopment Plan is December 22 , 2009 . f . The parcels of real property in the Area are contiguous, and only those contiguous parcels of real property and improvements thereon that will be substantially benefited by the proposed amended Project improvements are included in the Area. Section 2 . Exhibits Incorporated by Reference. The Amended Redevelopment Plan and amended Project, dated July 1999 amending the Redevelopment Plan and Project dated October 1986, which were the subject matter of the public hearing held August 11, 1999, are hereby adopted and approved. A copy of the Amended Redevelopment Plan and amended Project is set forth in Exhibit D attached hereto and incorporated herein as if set out in full by this reference . Section 3 . Invalidity of Any Section. If any section, paragraph, or provision of this ordinance shall be held to be invalid or unenforceable for any reason, the invalidity or unenforceability of such section, paragraph, or provision shall not affect any of the remaining provisions of this ordinance . Section 4 . Superseder and Effective Date . All ordinances, resolutions, motions, or orders in conflict herewith shall be, and the same hereby are, repealed to the extent of such conflict, and this ordinance shall be in full force and effect immediately upon its passage by the Corporate Authorities and approval as provided by law. Ed Schock, Mayor • Presented: August 25, 1999 Passed: August 25, 1999 Vote : Yeas 6 Nays 0 Recorded: August 26, 1999 Published: Attest : bj.)-1 � Dolonna Mecum, City Clerk rft. Exhibit A That part of the Southwest Quarter of Section 12 , Township 41 North, Range 8 East of the Third Principal Meridian, described as follows : Commencing at the Northwest corner of said Southwest Quarter; thence South along the West line of said Southwest Quarter, a distance of approximately 1, 730 . 00 feet, to a point on the North right of way line of Summit Street; thence East along said North right of way line, a distance of approximately 1, 170 . 00 feet, to the point of beginning; thence South along the West line extended of Lot 8 in Block 24 of Jane R. Kimball ' s Subdivision, a distance of approximately 495 . 00 feet, to a point that is 132 . 00 feet South of the South right of way line of Seneca Street and 132 . 00 feet East of the East right of way line of Prospect Boulevard; thence East on a line perpendicular to the last described course, a distance of approximately 66 . 00 feet, to a point on the Westerly line extended of Lot 8 in Wm. H. Wilcox' s 2nd Addition; thence Northeast along said Westerly line extended a distance of approximately 70 . 00 feet, to the Southwest corner of said Lot 8 ; thence Southeast along the Southerly line extended of said Lot 8 , a distance of approximately 390 . 00 feet, to a point on the Easterly right of way line of Dundee Avenue; thence Northeast along said Easterly right of way line, a distance of approximately 745 . 00 Cfeet, to the point of intersection with the North right of way line extended of Summit Street; thence West along said North right of way line extended to the point of beginning, all in the City of Elgin, Kane County, Illinois . r Exhibit C DUNDEE AVENUE T.I .F. DISTRICT .-rim i l i i 1 l I I l . I I I I <�L 17 EHL..a v=i��o,. ti - 1 �, __ .-1-- , 111111. am —. :lil1i: -- R = IIr ,. J I ^x�.••. A., t�� - J J "PE , -- '°i--' y i I ° I r=� ~ — =111 . ► n,..o,.� �' � M NW. Valli - o .AIIEA N : Alla lirm, su � g -io1i11111 . = — I 1 . 1111 H -11111 , 4 .,'wa .;_ a-11" - �, ram iIWMA Z�11_ - - n I raII l--i ii,,,, /.� —w . '' .'1 ♦ III: -. I.Illre NUMMI _ _ il . .11 111111ui ..Minn -- . a = i 11 1111111111=Mai r = El II'°ice_ !_ _i.i //lt1. al= 7 l •,,...on . Nom... , v,,. . I mi — , f ,! ..fl11i •1iIIlIiTHF - i . _ _ 7_ „, , _. I ' I I ii 1 1 1 11i 1 i I r 1 r, . _ , . . . , t i t 3 , 1 ,11 t ,t 1 Southwest corner of Dundee Avenue and Summit Street along Seneca Street and St. John. PLANNING DEPARTMENT rk ELGIN, ILLINOIS 1986 4