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HomeMy WebLinkAboutS2-02 20021( 0899914 RECORDER State 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. I DO FURTHER CERTIFY that the attached is a full, true, and correct copy of: ORDINANCE NO. S2-02 AN ORDINANCE APPROVING THE ELGIN CENTRAL AREA TAX INCREMENT FINANCING REDEVELOPMENT PLAN AND PROJECT passed by the Elgin City Council at its legally convened meeting held on April 10, 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 April 11, 2002 City Clerk This document prepared by: William A. Cogley After recording return to: City of Elgin Elgin City Clerk (SEAL) 150 Dexter Court 150 Dexter Court Elgin, IL 60120 Elgin, I1, 60120 dr Ordinance No. 52-02 AN ORDINANCE APPROVING THE ELGIN CENTRAL AREA TAX INCREMENT FINANCING REDEVELOPMENT PLAN AND PROJECT WHEREAS, the City of Elgin, Illinois (hereinafter referred to as "City" ) has heretofore determined that the stable economic and physical development of the City is endangered by the presence of blighting and conservation factors, with a resulting decline of the City which impairs the value of private investments and threatens the sound growth and the tax base of the City and the taxing districts having the power to tax real property in the City (the "Taxing Districts" ) and threatens the health, safety, morals and welfare of the public; and WHEREAS, the City has heretofore determined that in order to promote and protect the health, safety, morals and welfare of the public, blighting and conservation conditions in the City must be eradicated and that redevelopment of the City be undertaken; and that to remove and alleviate adverse conditions in the City it is necessary to encourage private investment and restore and enhance the tax base of the City and the Taxing Districts by such redevelopment; and WHEREAS, the City has heretofore caused to be conducted an eligibility study to determine whether the proposed Elgin Central Area Tax Incremental Financing Redevelopment Project Area (the "Proposed Area") qualifies as a "redevelopment project area" pursuant to the Tax Increment Allocation Redevelopment Act at 65 ILCS 5/11-74 .4-1, et seq. , as amended, (the "TIF Act" ) , which study was conducted by Trkla Pettigrew Allen & Payne, Inc . ( "TPAP" ) ; and WHEREAS, the City has heretofore evaluated various lawfully available programs to provide such assistance and has determined that the use of tax increment allocation financing is necessary to achieve the redevelopment goals of the City for the Proposed Area; and WHEREAS, TPAP is a planning and financial services firm having a national reputation for expertise in tax increment allocation and redevelopment financing in the State of Illinois; and WHEREAS, TPAP has heretofore concluded and has advised the City that the Proposed Area qualifies as a "redevelopment project area" under Section 11-74 . 4-3 of the TIF Act; and WHEREAS, the City has further caused the preparation of and made available for public inspection a proposed redevelopment plan and project for the Proposed Area (the "Plan" and "Project" ) ; and WHEREAS, the Plan and Project sets forth in writing the program to be undertaken to accomplish the objectives of the City and includes (1) estimated redevelopment project costs proposed for the Project Area; (2) evidence indicating that the Proposed Area on the whole has not been subject to growth and development through investment by private enterprise; (3) an assessment of the financial impact of the Area on or any increased demand for services from any taxing district affected by the Plan and any program to address such financial impact or increased demand; (4) the sources of funds to pay costs; (5) the nature and terms of the obligations to be issued; (6) the most recent equalized assessed valuation of the Area; (7) an estimate as to the equalized assessed valuation after redevelopment and the general land uses to apply in the Area; (8) a commitment to fair employment practices and an affirmative action plan; (9) and the Plan and Project accordingly comply in all respects with the requirements of the TIF Act; and WHEREAS, pursuant to Section 11-74 .4-5 of the Act, the City has heretofore called a public hearing (the "Hearing" ) relative to the Plan and Project and the designation of the Proposed Area as a development project area under the TIF Act, and fixed the time and place for such Hearing, being the 13th day of March, 2002 at 7 : 00 p.m. , at the City of Elgin, City Hall , 150 Dexter Court, Elgin, Illinois; and WHEREAS, due notice in respect to such Hearing was given pursuant to Section 11-74 .4-5 of the TIF Act; said notice, together with a copy of the Plan and the name of a person to contact for further information being given to taxing districts and to the Department of Commerce and Community Affairs of the State of Illinois by certified mail on January 24, 2002, by publication on February 24, 2002 and March 6, 2002 and by certified mail to taxpayers within the Proposed Area on February 22, 2002 ; and WHEREAS, the City has heretofore convened a joint review board as required by and in all respect in compliance with the provisions of the TIF Act; and WHEREAS, the joint review board has met at the time as required by the TIF Act and has reviewed the public record, planning documents and a form of proposed ordinance approving the Plan and Project; and WHEREAS, the joint review board has adopted by a majority vote an advisory, non-binding recommendation that the City approve the 3 implementation of the Plan and Project and designate the Proposed Area as a redevelopment project area under the TIF Act; and WHEREAS, the joint review board based its decision to recommend the approval of the proposal on the basis of the Proposed Area satisfying the eligibility criteria defined in Section 11- 74 .4-3 of the TIF Act, all as provided in Section 11-74 . 4-5 (b) of the TIF Act; and WHEREAS, the City held the Hearing on March 13 , 2002 at 7 : 00 p.m. , at the City of Elgin, City Hall , 150 Dexter Court, Elgin, Illinois; and WHEREAS, at the Hearing any interested person or affected taxing district was permitted to file with the City Clerk written objections and was heard orally in respect to any issues embodied in the notice of said Hearing, and the City heard and determined all protests and objections at the Hearing; and WHEREAS, the Hearing was adjourned on the 13th day of March, 2002 ; and WHEREAS, the Plan and Project set forth the factors which cause the Proposed Area to be a conservation area, the City has reviewed the information concerning such factors presented at the Hearing, has reviewed other studies, and is generally informed of the conditions in the Proposed Area which could cause the area to be a "conservation area" as defined in the TIF Act; and WHEREAS, the City has reviewed evidence indicating that the Proposed Area on the whole has not been subject to growth and development through investment by private enterprises and has reviewed the conditions pertaining to the lack of private investment in the Proposed Area to determine whether private development would take place in the Proposed Area as a whole without the adoption of the proposed Plan; and WHEREAS, the City has reviewed the conditions pertaining to real property in the Proposed Area to determine whether contiguous parcels of real property and improvements thereon in the Proposed Area would be substantially benefitted by the proposed Project improvements; and WHEREAS, the City has made an assessment of any financial impact of the Proposed Area on or any increased demand for services from any taxing district affected by the Plan and Project and any program to address such financial impact or increased demand; and WHEREAS, the City has reviewed the proposed Plan and Project and also the existing comprehensive plan for development of the v1 City as a whole to determine whether the proposed Plan and Project conform to the comprehensive plan of the City. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ELGIN, ILLINOIS : Section 1 . Findings . The City Council of the City of Elgin, being the corporate authorities of the City, hereby makes the following findings : (a) The Proposed 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 Proposed Area is described in Exhibit "B" attached hereto and incorporated herein as if set out in full by this reference. The map of the Proposed Area is depicted on Exhibit "C" attached hereto and incorporated herein as if set out in full by this reference. (b) There exists conditions which cause the Proposed Area to be subject to designation as a redevelopment project area under the TIF Act and to be classified as a conservation area as defined in Section 11-74 . 4-3 of the TIF Act . (c) The Proposed 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 Plan. (d) The Plan and Project conform to the comprehensive plan for the development of the City as a whole . (e) As set forth in the Plan and in the testimony at the public hearing, the estimated date of completion of the Project is April 1, 2025 and the estimated date of the retirement of all obligations incurred to finance redevelopment project costs as defined in the Plan is April 1, 2025 . (f) The parcels of real property in the Proposed Area are contiguous, and only those contiguous parcels of real property and improvements thereon which will be substantially benefitted by the proposed Project improvements are included in the Proposed Area. Section 2 . Exhibits Incorporated by Reference . The Plan and Project which were the subject matter of the public hearing held on the 13th day of March, 2002 , are hereby adopted and approved. A copy of the Plan and Project dated January 14 , 2002 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. That all ordinances or parts of ordinances in conflict with the provisions of this ordinance be and are hereby repealed. Section 5 . Effective Date. That this ordinance shall be in full force and effect immediately upon its passage in the manner provided by law. s/ Ed Schock Ed Schock, Mayor Presented: April 10, 2002 Passed: April 10, 2002 Vote : Yeas : 6 Nays : 0 Recorded: April 11, 2002 Published: Attest : s/ Dolonna Mecum Dolonna Mecum, City Clerk • EXHIBIT A THOSE PARTS OF SECTIONS 11, 12 , 13 , 14, 23 AND 24 , TOWNSHIP 41 NORTH, RANGE 8 EAST OF THE THIRD PRINCIPAL MERIDIAN DESCRIBED AS FOLLOWS : COMMENCING AT THE POINT OF INTERSECTION OF THE EASTERLY RIGHT OF WAY LINE OF DUNDEE AVENUE WITH THE NORTHERLY RIGHT OF WAY LINE OF CONGDON AVENUE, SAID POINT BEING THE POINT OF BEGINNING; THENCE WESTERLY ALONG THE NORTHERLY RIGHT OF WAY LINE OF CONGDON AVENUE TO THE INTERSECTION OF SAID NORTHERLY RIGHT OF WAY LINE WITH THE WESTERLY RIGHT OF WAY LINE OF MORTON AVENUE; THENCE SOUTHERLY ALONG THE WESTERLY RIGHT OF WAY LINE OF MORTON AVENUE TO THE INTERSECTION OF SAID WESTERLY RIGHT OF WAY LINE WITH THE NORTHERLY RIGHT OF WAY LINE OF COOPER AVENUE; THENCE WESTERLY ALONG THE NORTHERLY RIGHT OF WAY LINE OF COOPER AVENUE TO THE INTERSECTION OF SAID NORTHERLY RIGHT OF WAY LINE WITH THE WESTERLY RIGHT OF WAY LINE OF DUNCAN AVENUE; THENCE SOUTHERLY ALONG THE WESTERLY RIGHT OF WAY LINE OF DUNCAN AVENUE TO THE INTERSECTION OF SAID WESTERLY RIGHT OF WAY LINE WITH THE NORTHERLY RIGHT OF WAY LINE OF SLADE AVENUE; THENCE WESTERLY ALONG THE NORTHERLY RIGHT OF WAY LINE OF SLADE AVENUE TO THE INTERSECTION OF SAID NORTHERLY RIGHT OF WAY LINE WITH THE WESTERLY RIGHT OF WAY LINE OF BELLEVUE AVENUE; THENCE SOUTHERLY ALONG THE WESTERLY RIGHT OF WAY LINE OF BELLEVUE AVENUE TO THE INTERSECTION OF SAID WESTERLY RIGHT OF WAY LINE WITH THE NORTHERLY RIGHT OF WAY LINE OF LINCOLN AVENUE; THENCE WESTERLY ALONG THE NORTHERLY RIGHT OF WAY LINE OF LINCOLN AVENUE TO THE INTERSECTION OF SAID NORTHERLY RIGHT OF WAY LINE WITH THE WESTERLY RIGHT OF WAY LINE OF CEDAR AVENUE; THENCE SOUTHERLY ALONG THE WESTERLY RIGHT OF WAY LINE OF CEDAR AVENUE TO THE INTERSECTION OF SAID WESTERLY RIGHT OF WAY LINE WITH THE NORTHERLY RIGHT OF WAY LINE OF LOVELL STREET; THENCE WESTERLY ALONG THE NORTHERLY RIGHT OF WAY LINE OF LOVELL STREET TO THE INTERSECTION OF SAID NORTHERLY RIGHT OF WAY LINE WITH THE WESTERLY RIGHT OF WAY LINE LOGAN AVENUE; THENCE SOUTHERLY ALONG THE WESTERLY RIGHT OF WAY LINE OF LOGAN AVENUE TO THE INTERSECTION OF SAID WESTERLY RIGHT OF WAY LINE WITH THE NORTHERLY RIGHT OF WAY LINE OF JEFFERSON AVENUE; THENCE WESTERLY ALONG THE NORTHERLY RIGHT OF WAY LINE OF JEFFERSON AVENUE TO THE INTERSECTION OF SAID NORTHERLY RIGHT OF WAY LINE WITH THE WESTERLY RIGHT OF WAY LINE EXTENDED NORTH OF MANN PLACE; THENCE SOUTHERLY ALONG THE WESTERLY RIGHT OF WAY LINE OF MANN PLACE TO THE INTERSECTION OF SAID WESTERLY RIGHT OF WAY LINE WITH THE NORTH LINE OF COUNTY CLERK' S SUBDIVISION OF A PART OF BLOCK 26 OF P.J. KIMBALL JR' S . 3RD ADDITION; THENCE WESTERLY ALONG SAID NORTH LINE OF COUNTY CLERK' S SUBDIVISION OF A PART OF BLOCK 26 OF P.J. KIMBALL JR' S . 3RD ADDITION TO A POINT ALONG SAID NORTH LINE, WHICH IS 173 FEET, MORE OR LESS, EAST THE INTERSECTION OF SAID NORTH LINE EXTENDED WITH THE WESTERLY RIGHT OF WAY LINE OF ST. JOHN STREET; THENCE CONTINUING SOUTH FROM THE LAST DESCRIBED POINT A DISTANCE OF 108 FEET, MORE OR LESS, TO A POINT WHICH IS173 FEET, MORE OR LESS, EAST OF THE WESTERLY RIGHT OF WAY LINE OF ST. JOHN STREET; THENCE CONTINUING WEST FROM THE LAST DESCRIBED POINT A DISTANCE OF 173 7 • FEET, MORE OR LESS, TO A POINT ALONG THE WESTERLY RIGHT OF WAY LINE OF ST. JOHN STREET, WHICH IS 108 FEET, MORE OR LESS, NORTH OF THE NORTHERLY RIGHT OF WAY LINE OF SUMMIT STREET; THENCE SOUTHERLY ALONG THE WESTERLY RIGHT OF WAY LINE OF ST. JOHN STREET TO THE INTERSECTION OF SAID WESTERLY RIGHT OF WAY LINE WITH THE NORTHERLY RIGHT OF WAY LINE OF SUMMIT STREET; THENCE WESTERLY ALONG THE NORTHERLY RIGHT OF WAY LINE OF SUMMIT STREET TO THE INTERSECTION OF SAID NORTHERLY RIGHT OF WAY LINE WITH THE EASTERLY RIGHT OF WAY LINE OF NORTH GROVE AVENUE; THENCE NORTHERLY ALONG THE EASTERLY RIGHT OF WAY LINE OF NORTH GROVE AVENUE TO THE INTERSECTION OF SAID EASTERLY RIGHT OF WAY LINE WITH THE NORTHERLY RIGHT OF WAY LINE OF JEFFERSON STREET; THENCE WESTERLY ALONG THE NORTHERLY RIGHT OF WAY LINE OF JEFFERSON STREET TO THE INTERSECTION OF SAID NORTHERLY RIGHT OF WAY LINE WITH THE EASTERLY RIGHT OF WAY LINE OF THE FORMER CHICAGO AND NORTHWEST RAILROAD (NOW ABANDONED) ; THENCE NORTHERLY ALONG THE EASTERLY RIGHT OF WAY OF THE FORMER CHICAGO AND NORTHWEST RAILROAD TO THE INTERSECTION OF SAID EASTERLY RIGHT OF WAY LINE WITH THE NORTHERLY RIGHT OF WAY LINE OF GRANT AVENUE; THENCE NORTHWESTERLY TO THE NORTHEAST CORNER OF LOT 8 IN LOVELL' S ADDITION; THENCE WESTERLY ALONG THE NORTH LINE OF SAID LOT 8 TO THE EAST SHORELINE OF THE FOX RIVER; THENCE SOUTHERLY ALONG SAID EAST SHORELINE OF THE FOX RIVER TO A POINT OF INTERSECTION WITH THE NORTHERLY RIGHT OF WAY LINE OF JERUSHA AVENUE, EXTENDED EAST; THE WESTERLY ALONG SAID EXTENDED NORTHERLY RIGHT OF WAY LINE OF JERUSHA AVENUE TO THE SOUTHWEST CORNER OF LOT 13 IN BLOCK 5 OF SADLER' S ADDITION; THENCE NORTHERLY ALONG THE WEST LINE EXTENDED, OF SAID LOT 13 TO THE NORTHWEST CORNER OF LOT 6 IN BLOCK 5 OF SADLER' S ADDITION; THENCE EASTERLY ALONG THE NORTHERLY LINE OF SAID BLOCK 5 (BEING ALSO THE SOUTHERLY RIGHT OF WAY LINE OF BELLE AVENUE) TO THE NORTHWEST CORNER OF LOT 9 IN BLOCK 6 OF SADLER' S ADDITION (BEING ALSO A POINT ALONG THE EASTERLY RIGHT OF WAY LINE OF MABEL STREET) ; THENCE NORTHERLY ALONG SAID EASTERLY RIGHT OF WAY LINE EXTENDED OF MABEL STREET TO THE NORTHEAST CORNER OF THE RIGHT OF WAY OF BIG TIMBER COURT; THENCE WESTERLY ALONG THE NORTHERLY RIGHT OF WAY LINE EXTENDED OF BIG TIMBER COURT TO A POINT OF INTERSECTION WITH THE WESTERLY RIGHT OF WAY LINE OF STATE STREET (ILLINOIS STATE ROUTE 31) ; THENCE SOUTHERLY ALONG SAID WESTERLY RIGHT OF WAY LINE OF STATE STREET TO A POINT OF INTERSECTION WITH THE WESTERLY RIGHT OF WAY LINE OF THE CHICAGO, MINNEAPOLIS, ST. PAUL AND PACIFIC RAILROAD; THENCE SOUTHERLY ALONG SAID WESTERLY RIGHT OF WAY LINE OF THE CHICAGO, MINNEAPOLIS, ST. PAUL AND PACIFIC RAILROAD TO A POINT OF INTERSECTION WITH THE NORTHERLY LINE EXTENDED EAST, OF WEST PARK ADDITION; THENCE WESTERLY ALONG SAID NORTHERLY LINE EXTENDED OF WEST PARK ADDITION TO THE POINT OF INTERSECTION WITH EASTERLY RIGHT OF WAY LINE OF THE CHICAGO, MINNEAPOLIS, ST. PAUL AND PACIFIC RAILROAD; THENCE SOUTHERLY ALONG SAID WESTERLY RIGHT OF WAY LINE OF THE CHICAGO, MINNEAPOLIS, ST. PAUL AND PACIFIC RAILROAD TO A POINT OF INTERSECTION ALONG THE NORTHERLY RIGHT OF WAY LINE OF LAWRENCE AVENUE; THENCE WESTERLY ALONG SAID NORTHERLY RIGHT OF WAY LINE OF LAWRENCE AVENUE TO A POINT OF INTERSECTION ALONG THE WESTERLY RIGHT • • OF WAY LINE OF JACKSON STREET; THENCE SOUTHERLY ALONG SAID WESTERLY RIGHT OF WAY LINE OF JACKSON STREET TO A POINT OF INTERSECTION ALONG THE SOUTHERLY RIGHT OF WAY LINE OF MILL STREET; THENCE EASTERLY ALONG SAID SOUTHERLY RIGHT OF WAY LINE OF MILL STREET TO A POINT ALONG THE WESTERLY RIGHT OF WAY LINE OF CRYSTAL AVENUE; THENCE SOUTHERLY ALONG SAID WESTERLY RIGHT OF WAY LINE OF CRYSTAL AVENUE TO A POINT ALONG THE NORTHERLY RIGHT OF WAY LINE OF LOCUST STREET; THENCE WESTERLY ALONG SAID NORTHERLY RIGHT OF WAY LINE OF LOCUST STREET TO A POINT ALONG THE WESTERLY RIGHT OF WAY LINE OF PERRY STREET; THENCE SOUTHERLY ALONG SAID WESTERLY LINE OF PERRY STREET TO A POINT ALONG THE SOUTHERLY RIGHT OF WAY LINE OF CROSBY STREET; THENCE EASTERLY ALONG SAID SOUTHERLY RIGHT OF WAY LINE OF CROSBY STREET TO A POINT ALONG THE WESTERLY RIGHT OF WAY LINE OF ELM STREET; THENCE SOUTHERLY ALONG SAID WESTERLY RIGHT OF WAY LINE OF ELM STREET TO A POINT ALONG THE NORTH LINE EXTENDED WEST OF B. W. RAYMOND' S 2ND ADDITION; THENCE EASTERLY ALONG SAID NORTH LINE OF B.W. RAYMOND' S 2ND ADDITION TO A POINT ALONG THE WESTERLY RIGHT OF WAY LINE OF WOODWARD STREET; THENCE SOUTHERLY ALONG SAID WESTERLY LINE OF WOODWARD STREET TO A POINT ALONG THE SOUTHERLY RIGHT OF WAY LINE OF STANDISH STREET; THENCE EASTERLY ALONG SAID SOUTHERLY RIGHT OF WAY LINE OF STANDISH STREET TO A POINT OF INTERSECTION ALONG THE WESTERLY RIGHT OF WAY LINE OF ELY STREET; THENCE SOUTHERLY ALONG SAID WESTERLY RIGHT OF WAY LINE OF ELY STREET TO A POINT OF INTERSECTION ALONG THE NORTHERLY RIGHT OF WAY LINE OF WALNUT AVENUE; THENCE WESTERLY ALONG SAID NORTHERLY RIGHT OF WAY LINE OF WALNUT AVENUE TO A POINT OF INTERSECTION ALONG THE WESTERLY RIGHT OF WAY LINE OF BILLINGS STREET; THENCE SOUTHERLY ALONG SAID WESTERLY RIGHT OF WAY LINE OF BILLINGS STREET TO A POINT OF INTERSECTION ALONG THE SOUTHERLY RIGHT OF WAY LINE OF OAK STREET; THENCE EASTERLY ALONG SAID SOUTHERLY RIGHT OF WAY LINE OF OAK STREET TO A POINT OF INTERSECTION ALONG THE EASTERLY RIGHT OF WAY LINE OF GRISWOLD STREET; THENCE NORTHERLY ALONG SAID EASTERLY RIGHT OF WAY LINE OF GRISWOLD STREET TO A POINT OF INTERSECTION ALONG THE SOUTHERLY RIGHT OF WAY LINE OF WASHBURN STREET; THENCE EASTERLY ALONG SAID SOUTHERLY RIGHT OF WAY LINE OF WASHBURN STREET TO A POINT OF INTERSECTION ALONG THE WESTERLY RIGHT OF WAY LINE OF HENDEE STREET; THENCE SOUTHERLY ALONG SAID WESTERLY RIGHT OF WAY LINE OF HENDEE STREET TO A POINT OF INTERSECTION ALONG THE SOUTHERLY RIGHT OF WAY LINE OF HARDING STREET; THENCE EASTERLY ALONG SAID SOUTHERLY RIGHT OF WAY OF HARDING STREET EXTENDED TO A POINT OF INTERSECTION ALONG THE WESTERLY RIGHT OF WAY LINE OF THE CHICAGO, MINNEAPOLIS, ST. PAUL AND PACIFIC RAILROAD; THENCE SOUTHERLY ALONG SAID WESTERLY RIGHT OF WAY LINE TO A POINT OF INTERSECTION WITH THE SOUTHERLY RIGHT OF WAY LINE OF LAKE STREET (U.S. ROUTE 20) ; THENCE EASTERLY ALONG THE SOUTHERLY RIGHT OF WAY LINE OF LAKE STREET TO A POINT OF INTERSECTION WITH THE EASTERLY RIGHT OF WAY LINE OF THE CHICAGO AND NORTHWESTERN RAILROAD; THE NORTHERLY ALONG SAID EASTERLY RIGHT OF WAY LINE OF THE CHICAGO NORTHWESTERN RAILROAD TO A POINT OF INTERSECTION WITH THE SOUTHERLY RIGHT OF WAY LINE OF HASTING STREET; THENCE EASTERLY ALONG SAID l SOUTHERLY RIGHT OF WAY LINE OF HASTING STREET TO A POINT OF INTERSECTION WITH THE EASTERLY RIGHT OF WAY LINE OF WELLINGTON AVENUE EXTENDED; THENCE NORTHERLY ALONG SAID EASTERLY RIGHT OF WAY LINE OF WELLINGTON AVENUE TO A POINT OF INTERSECTION ALONG THE SOUTHERLY RIGHT OF WAY LINE OF WATCH STREET; THENCE EASTERLY ALONG SAID SOUTHERLY RIGHT OF WAY LINE OF WATCH STREET TO A POINT OF INTERSECTION ALONG THE EASTERLY RIGHT OF WAY LINE OF ST. CHARLES STREET; THENCE NORTHERLY ALONG SAID EASTERLY RIGHT OF WAY LINE OF ST. CHARLES STREET TO A POINT OF INTERSECTION ALONG THE NORTHERLY RIGHT OF WAY LINE OF VILLA STREET; THENCE WESTERLY ALONG SAID NORTHERLY RIGHT OF WAY LINE OF VILLA STREET TO A POINT OF INTERSECTION ALONG THE EASTERLY RIGHT OF WAY LINE OF CHANNING STREET; THENCE NORTHERLY ALONG SAID EASTERLY RIGHT OF WAY LINE OF CHANNING STREET TO THE NORTHWEST CORNER OF J. H. AND F. GIFFORD' S ADDITION; THENCE EASTERLY ALONG THE NORTH LINE EXTENDED OF SAID J. H. AND F. GIFFORD' S ADDITION (ALSO THE SOUTH LINE OF CHANNING SCHOOL) TO THE SOUTHWEST CORNER OF MILTON TOWNSEND' S SUBDIVISION; THENCE NORTHERLY ALONG THE WESTERLY LINE EXTENDED OF SAID MILTON TOWNSEND' S SUBDIVISION (ALSO THE EAST LINE OF CHANNING SCHOOL) TO THE SOUTHEAST CORNER OF LOT 270 IN COUNTY CLERK' S SUBDIVISION; THE WESTERLY ALONG SAID SOUTHERLY LINE EXTENDED OF LOT 270 IN COUNTY CLERK' S SUBDIVISION TO A POINT OF INTERSECTION ALONG THE EASTERLY RIGHT OF WAY LINE OF CHANNING STREET (ALSO THE NORTH LINE CHANNING SCHOOL) ; THENCE NORTHERLY ALONG SAID EASTERLY RIGHT OF WAY LINE OF CHANNING STREET TO A POINT OF INTERSECTION ALONG THE SOUTHERLY RIGHT OF WAY LINE OF PARK STREET; THENCE EASTERLY ALONG SAID SOUTHERLY RIGHT OF WAY LINE OF PARK STREET TO A POINT OF INTERSECTION ALONG THE EASTERLY RIGHT OF WAY LINE OF HILL AVENUE; THENCE NORTHERLY ALONG SAID EASTERLY RIGHT OF WAY LINE OF HILL AVENUE TO A POINT OF INTERSECTION WITH THE SOUTHERLY RIGHT OF WAY LINE FRANKLIN STREET; THENCE EASTERLY ALONG SAID SOUTHERLY RIGHT OF WAY LINE OF FRANKLIN STREET TO A POINT OF INTERSECTION WITH THE CENTER LINE OF VACATED PORTER STREET; THENCE NORTHERLY ALONG SAID CENTER LINE OF VACATED PORTER STREET TO A POINT OF INTERSECTION WITH THE SOUTHERLY LINE OF BLOCK 3 IN P. MANN' S ADDITION; THENCE EASTERLY ALONG SAID SOUTHERLY LINE OF BLOCK 3 IN P. MANN' S ADDITION TO THE SOUTHEAST CORNER OF LOT 6 IN SAID BLOCK 3 ; THE NORTHERLY ALONG THE EASTERLY LINE EXTENDED OF SAID LOT 6 TO A POINT OF INTERSECTION WITH THE NORTHERLY RIGHT OF WAY OF ANN STREET; THENCE WESTERLY ALONG SAID NORTHERLY RIGHT OF WAY OF ANN STREET TO A POINT OF INTERSECTION ALONG THE EASTERLY RIGHT OF WAY OF HILL AVENUE; THENCE NORTHERLY ALONG SAID EASTERLY RIGHT OF WAY LINE OF HILL AVENUE TO A POINT OF INTERSECTION ALONG THE SOUTHERLY RIGHT OF WAY LINE OF CHESTER AVENUE; THENCE EASTERLY ALONG SAID SOUTHERLY RIGHT OF WAY LINE OF CHESTER AVENUE TO A POINT OF INTERSECTION ALONG THE EASTERLY RIGHT OF WAY LINE OF LIBERTY STREET (ILLINOIS STATE ROUTE 25) ;THENCE NORTHERLY ALONG SAID EASTERLY RIGHT OF WAY LINE OF LIBERTY STREET TO THE POINT OF BEGINNING; /b EXCEPT: THAT PART OF THE SOUTHWEST QUARTER OF SECTION 13 AND THE NORTHWEST QUARTER OF SECTION 24 , TOWNSHIP 41 NORTH, RANGE 8 EAST OF THE THIRD PRINCIPAL MERIDIAN DESCRIBED AS FOLLOWS : COMMENCING AT THE NORTHWEST CORNER OF THE SOUTHWEST QUARTER OF SECTION 13 , TOWNSHIP 41 NORTH, RANGE 8 EAST OF THE THIRD PRINCIPAL MERIDIAN; THENCE SOUTHERLY ALONG THE WEST LINE OF SAID SOUTHWEST QUARTER, A DISTANCE OF APPROXIMATELY 973 . 00 FEET TO A POINT ON THE NORTHERLY RIGHT OF WAY LINE OF PRAIRIE STREET, SAID POINT BEING THE POINT OF BEGINNING; THENCE EASTERLY ALONG SAID NORTHERLY RIGHT OF WAY LINE, A DISTANCE OF APPROXIMATELY 685 . 00 FEET TO THE WESTERLY LINE OF THE H.T. PLUMMER' S SUBDIVISION; THENCE SOUTHEASTERLY ALONG SAID WESTERLY LINE AND THE WESTERLY LINE OF WILLIAM F. SYLLA'S RESUBDIVISION OF J.T. GIFFORD' S ADDITION TO ELGIN, A DISTANCE OF APPROXIMATELY 660 . 00 FEET; THENCE NORTHEASTERLY AT RIGHT ANGLES TO THE LAST DESCRIBED COURSE, A DISTANCE OF APPROXIMATELY 40 . 00 FEET TO THE NORTHWEST CORNER OF THE RAILROAD ADDITION TO ELGIN; THENCE SOUTHEASTERLY ALONG THE WESTERLY LINE OF SAID RAILROAD ADDITION, A DISTANCE OF APPROXIMATELY 620 . 00 FEET TO THE SOUTHWEST CORNER OF LOT 10 IN SAID RAILROAD ADDITION; THENCE NORTHEASTERLY ALONG THE SOUTHERLY LINE OF SAID LOT 10, A DISTANCE OF APPROXIMATELY 10 . 00 FEET TO THE SOUTHERLY RIGHT OF WAY LINE OF GIFFORD PLACE; THENCE NORTHEASTERLY ALONG SAID SOUTHERLY RIGHT OF WAY LINE, A DISTANCE OF APPROXIMATELY 295 . 00 FEET TO THE INTERSECTION OF SAID LINE WITH THE EASTERLY RIGHT OF WAY LINE OF RAYMOND STREET; THENCE SOUTHEASTERLY ALONG SAID EASTERLY RIGHT OF WAY LINE, A DISTANCE OF APPROXIMATELY 550 . 00 FEET TO THE INTERSECTION OF SAID LINE WITH THE SOUTHERLY RIGHT OF WAY LINE OF NATIONAL STREET; THENCE SOUTHWESTERLY ALONG SAID SOUTHERLY RIGHT OF WAY LINE, A DISTANCE OF APPROXIMATELY 475 . 00 FEET TO THE NORTHEAST CORNER OF BLOCK 1 OF SHERMAN'S ADDITION TO ELGIN; THENCE SOUTHEASTERLY ALONG THE EASTERLY LINE OF SAID BLOCK 1 BEING A CURVE TO THE RIGHT, A DISTANCE OF APPROXIMATELY 846. 50 FEET; THENCE SOUTHWESTERLY PARALLEL WITH THE NORTHERLY LINE OF SAID BLOCK 1, A DISTANCE OF APPROXIMATELY 250 . 00 FEET; THENCE SOUTHEASTERLY AT RIGHT ANGLES TO THE LAST DESCRIBED COURSE, A DISTANCE OF APPROXIMATELY 70 . 00 FEET; THENCE SOUTHWESTERLY PARALLEL WITH THE NORTHERLY LINE OF SAID BLOCK 1, A DISTANCE OF APPROXIMATELY 323 . 80 FEET; THENCE NORTHWESTERLY ALONG A LINE THAT FORMS AN ANGLE OF 91 DEGREES, 00 MINUTES, 00 SECONDS TO THE LEFT WITH THE PROLONGATION OF THE LAST DESCRIBED COURSE, A DISTANCE OF APPROXIMATELY 915 . 00 FEET TO THE SOUTHERLY RIGHT OF WAY LINE OF NATIONAL STREET; THENCE SOUTHWESTERLY ALONG SAID SOUTHERLY RIGHT OF WAY LINE, A DISTANCE OF APPROXIMATELY 150 . 00 FEET TO THE EAST BANK OF THE FOX RIVER; THENCE NORTHWESTERLY ALONG SAID EAST BANK OF THE FOX RIVER TO THE WEST LINE OF THE SOUTHWEST QUARTER OF SECTION 13 , TOWNSHIP 41 NORTH, RANGE 8 EAST OF THE THIRD PRINCIPAL MERIDIAN; THENCE NORTHERLY ALONG SAID WEST LINE, A DISTANCE OF APPROXIMATELY 110 . 00 FEET TO THE POINT OF BEGINNING. SAID PROPERTY COMMONLY KNOWN AS THE SOUTH GROVE REDEVELOPMENT PROJECT AREA, ALL LOCATED IN ELGIN TOWNSHIP, CITY OF ELGIN, KANE COUNTY, ILLINOIS, AND; /1 • EXCEPT: 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 214D 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 FEET, 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. SAID PROPERTY COMMONLY KNOWN AS THE DUNDEE/SUMMIT REDEVELOPMENT PROJECT AREA A, ALL LOCATED IN ELGIN TOWNSHIP, CITY OF ELGIN, KANE COUNTY, ILLINOIS . SAID PROPERTY COMMONLY KNOWN AS THE ELGIN CENTRAL AREA TAX INCREMENT FINANCING REDEVELOPMENT PROJECT, ALL LOCATED IN KANE COUNTY, ELGIN TOWNSHIP, CITY OF ELGIN, ILLINOIS. /� EXHIBIT B II. LEGAL DESCRIPTION AND PROJECT BOUNDARY The boundaries of the Project Area have been drawn to include only those contiguous parcels of real property and improvements substantially benefited by the proposed Redevelopment Project to be undertaken as part of this Redevelopment Plan. The boundaries of the Project Area are shown in Figure 1,Project Area Boundary Map, and are generally described below: The Project Area straddles both sides of the Fox River and generally includes the City's central business district; blocks along State Street and the west side of the Fox River from Big Timber Court on the north to U.S. Route 20 on the south; blocks along the east side of the Fox River from River Bluff Road on the north to U.S. Route 20 on the south; blocks along the Dundee Avenue and Villa Street corridors, from Congdon Avenue on the north to Watch Street on the south; a portion of the Spring-Douglas Historic District (south of Summit Street); a portion of the Elgin Historic District (west of Channing Street); and a portion of the Elgin National Watch Historic District(west of Wellington Avenue and Charming Street). The boundaries of the Project Area are legally described in Exhibit I at the end of this report. /1-5 , ao nro.a 127'201 � EXHIBIT C 128 • �4'� • ; • I 130/202 r 203 ,, :17.7:+.ir. di ''� .129. / . .17_05 206 � coovw w... 129E: 17_0s 226. < 253.®...,.. 2521 D �. . .�., PM. sNa�r. Ir 253 5 ' 56 • ol m 16azu °r+ 330 $[ S 329 �j 402 11 r Cohand.Mw. �r°I 331 ¢ ■ . • Il • �•5 i L- �\ '=SS_ I.a. ,E+� 381/454 Entosptiso St M.453 Sam*St II! \., Ri 483 e 357 358 ;\`4aa t `a_.,.aa 382/456 Y- , ��` 1 �I R.w"st Sl �% 1 486 1 ea 360 361 a 363raso 1 101 � U. 1,.3• I 226 127/201 2313 e\\_ ® 103 104 129/203 I r P 1 , � Amu Rrii.St. 14 , © 105 lam/ 132/206 ,w/ 131 13 !Fawns. 3, 276 107 .±V/106 I w,N.s I1,11 ® Park St `� e. / 153 I _176 —177 �-..�..�.} .4° 276/277` 276!277�1 mi ® ®1 151 179 1801 X81 Ef s ea L ®�I 1581 I 1h 1 1 I y �® V'M1 ®jam 160 161 182 M I Chimp St. �� 301 134 ►� ® 304. 326 327 1\‘` \... 1 EIVI ®y 325 329 330 ®• 331 332 G " Laurel Sc \aaa'141 476 aaa �. a_ as B.ma St f � \ II* a......... D WNut Av. �ry,,,.,a , Sherman Svc• 231 S 32 p _`. \ \‘, ql ® Tax Section Numbers W„�avn5 \ Tax Section Boundary .e.l-.� ® AI 5i —^—^- Proposed Project Boundary \ mi .:. Iv 153 • Existing TIF Areas s,. 478 Block Numbers ?. s I t LL \ I 1 Figure 1 I H j �I *gN `-rrl� SINS Ras 20 USROUN20 PROJECT AREA BOUNDARY MAP — rtx, ELGIN CENTRAL AREA Elgin, IL • /y • EXHIBIT D ELGIN CENTRAL AREA TAX INCREMENT FINANCING REDEVELOPMENT PROJECT AND PLAN City of Elgin, Illinois January 14,2002 City of Elgin Ed Schock,Mayor • Department of Planning and Neighborhood Services Mark Biernacki,Community Development Manager 2no2K089994 /S�