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Home My WebLink AboutS14-02 f! ED FOR "(CO U .E CO Y. ILL. -. 2002K133643 7O? OCT21 P1-1 2: 45 ,r,CURT R State of Illinois ) County of Kane) ss City of Elgin ) CERTIFICATE OF CITY CLERK I, Dolonna Mecum, DO HEREBY CERTIFY that I am the duly qualified City Clerk of the City of Elgin, in the Counties of Kane and Cook in the State of Illinois, and that as such City Clerk I am the keeper and custodian of the files and records of said City of Elgin and the seal thereof aL w I DO FURTHER CERTIFY that the attached is a full, true, and correct copy of: ORDINANCE NO. S14-02 AN ORDINANCE AMENDING CERTAIN ORDINANCES RELATING TO THE ELGIN CENTRAL AREA TAX INCREMENT FINANCING REDEVELOPMENT PLAN AND PROJECT AREA passed by the Elgin City Council at its legally convened meeting held on September 25, 2002. In Witness Whereof, I have hereunto set my hand and affixed the corporate seal of the City of Elgin at the said City in the County and State aforesaid this October 21, 2002. City Clerk (SEAL) This instrument prepared by: Return to: William A. Cogley Dolonna Mecum Corporation Counsel Elgin City Clerk City of Elgin 150 Dexter Court 150 Dexter Court Elgin, IL 60120 Elgin, IL 60120 / \ • Ordinance No. S14-02 AN ORDINANCE AMENDING CERTAIN ORDINANCES RELATING TO THE ELGIN CENTRAL AREA TAX INCREMENT FINANCING REDEVELOPMENT PLAN AND PROJECT AREA BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ELGIN, ILLINOIS : Section 1 . That Ordinance No. S1-02 adopted by the City Council of the City of Elgin on January 23 , 2002 , be and is hereby amended by deleting from the legal descriptions set forth in Exhibits A-1 and A-2 thereto the following described property: "That part of Section 11, Township 41 North, Range 8 East of the Third Principal Meridian, described as follows : Lot 5 in Block 18 of Sadler' s Addition and the westerly 33 feet of the vacated Clifford Street right of way adjoining said Lot 5, in Elgin Township, Kane County, Illinois . " Section 2 . That Ordinance No . S2-02 adopted by the City Council of the City of Elgin on April 10 , 2002 , be and is hereby amended by deleting from Exhibits A, B, C and D thereof the property legally described as follows : "That part of Section 11, Township 41 North, Range 8 East of the Third Principal Meridian, described as follows : Lot 5 in Block 18 of Sadler' s Addition and the westerly 33 feet of the vacated Clifford Street right of way adjoining said Lot 5, in Elgin Township, Kane County, Illinois . " Section 3 . That Ordinance No . S3-02 adopted by the City Council of the City of Elgin on April 10 , 2002 , be and is hereby amended by deleting from Exhibits A, B and C thereof the property legally described as follows : "That part of Section 11 , Township 41 North, Range 8 East of the Third Principal Meridian, described as follows : Lot 5 in Block 18 of Sadler' s Addition and the westerly 33 feet of the vacated Clifford Street right of way adjoining said Lot 5, in Elgin Township, Kane County, Illinois . " Section 4 . That Ordinance No. S4-02 adopted by the City Council of the City of Elgin on April 10, 2002 , be and is hereby amended by deleting from Exhibits A, B and C thereof the property legally described as follows : "That part of Section 11, Township 41 North, Range 8 East of the Third Principal Meridian, described as follows : Lot 5 in Block 18 of Sadler' s Addition and the westerly 33 feet of the vacated Clifford Street right of way adjoining said Lot 5, in Elgin Township, Kane County, Illinois . " Section 5 . That this ordinance shall be in full force and effect immediately upon its passage . s/ Ed Schock Ed Schock, Mayor Presented: September 25, 2002 Passed: September 25, 2002 Vote: Yeas : 6 Nays : 0 Recorded: September 26, 2002 Published: Attest : s/ Dolonna Mecum Dolonna Mecum, City Clerk 2002 K 1 3 3 143 ` �'ti Agenda Item NOZ %-'41‘City of Elgin 461.2.4m G September 20, 2002 N ► ' ECONOMIC GROWTH TO: Mayor and Members of the City Council FROM: Olufemi Folarin, Interim City Manager SUBJECT: Boundary Amendment to the Central Area TIF District PURPOSE The purpose of this memorandum is to provide the Mayor and members of the City Council with information to consider a minor amendment to the boundaries of the Central Area Tax Increment Finance (TIF) District . BACKGROUND This past spring, the City Council approved the Central Area TIF district and adopted several ordinances required for its implementation. Since then, staff has been working with the County Clerk' s office to get the various documents recorded and the parcel identification process underway. Part of this effort includes the Clerk' s certification of the base year equalized assessed valuation (EAV) of the District . It is from this base that all incremental revenues will be calculated (revenues will be realized during the City' s 2003 budget year) . In preparing this information, the Clerk' s office discovered that a small parcel in the northern portion of the District was never annexed to the City of Elgin (see attached map - this parcel is one of many owned by the Sanitary District in the area of the north sanitary sewer treatment plant near Frazier Avenue) . This discovery is despite the fact that all City and other map sources that have been used for decades indicate that this parcel has been part of the City. Unfortunately, all subsequent research since this discovery could not uncover an ordinance demonstrating this parcel' s annexation into the City limits . As such, the City did not have jurisdiction to include the parcel within the Central Area TIF District when it adopted the various ordinances this past spring. Boundary Amendment to the Central Area TIF District September 20, 2001 Page 2 State statutes allow municipalities to use a minor amendment process to delete parcels from its TIF District boundaries without the need for the detailed and labor-intensive hearing and notification process . Instead, the process is simply a matter of adopting an ordinance and notifying taxing districts and interested parties within ten days of such action. It is important that this blemish be removed from our TIF district and the process used to adopt it . Bond counsel may negatively view this technical error at some future time when the City decides to bond for a project using TIF revenues to service the debt . COMMUNITY GROUPS/INTERESTED PERSONS CONTACTED Publication within the local newspaper and notice to taxing districts and individuals on the Interested Parties Registry will occur within ten days of the City Council adoption of an ordinance. diffiCINANCIAL IMPACT The subject parcel is owned by FRWRD and is tax exempt . As such, its deletion from the TIF District boundaries will not affect the base year EAV nor the amount of increment the TIF fund will receive during its 23-year term. OizGAL IMPACT None. ALTERNATIVES 1 . Adopt an ordinance removing this parcel from the Central Area TIF District boundaries . 2 . Do not take any action at this time. Boundary Amendment to the Central Area TIF District September 20, 2001 Page 3 RECOMMENDATION It is recommended that the City Council adopt an ordinance removing this parcel from the Central Area TIF District boundaries . Respectfully submitted, Oluf i Folarin Interim City Manager MTB/sr Attachment E \ \ / # ' ,■1%**\ 11::14 04:1 a to!u it:II 11:11:101 1:061:''\ * •or‘g. two V\ 1 —__*-4 Ilersk SO _ .', \ * \ • � � ,, , ' __ " _ _ T � _ , 1 - m- 1_ __ . „10 ._,_ 1 _{ ! lir ME ) 01111 1 ! - __,---_±_- h 1 H p 1 gm _ i __ mrog,; .. II .. 1 \ -- ; ■ � i 1 , , , _ -_-_: `_ --J_ I i..._ i 1 '7 L00-091.-1. 1.-90 1 —i E.b i 1 i = r: Ski /, T n I t • ir i_ oti imm / � 00 ,,,. 6 g A ' I[111.1iiiill� I I 410 ' III I ICI AIM -/ i 1 ,....)--- . P II