HomeMy WebLinkAboutS9-08 Ordinance No. S9-08
AN ORDINANCE
AMENDING ORDINANCE NO. S5-02 AUTHORIZING THE ABATEMENT OF TAXES
ON PROPERTY WITHIN THE ELGIN ENTERPRISE ZONE
WHEREAS, the City of Elgin, Illinois, a municipal corporation (hereinafter referred to as
"City") is a home rule unit of government under the Illinois Constitution of 1970, Article VII,
Section 6; and
WHEREAS, Ordinance No.G70-82,passed on December 22, 1982,and Ordinance No. G71-
89, passed July 26, 1989, designated an enterprise zone (hereinafter referred to as the "Elgin
Enterprise Zone")pursuant to the Illinois Enterprise Zone Act(20 ILCS 655/5.1 et seq.;hereinafter
referred to as the "Act"), as amended, subject to the approval of the Illinois Department of
Commerce and Community Affairs, now the Illinois Department of Commerce and Economic
Opportunity and hereinafter referred to as "State"), and subject to the provisions of the Act; and
WHEREAS, the State certified the Elgin Enterprise Zone effective on July 1, 1985; and
WHEREAS, the City has made subsequent amendments and modifications to the Elgin
Enterprise Zone that have subsequently been approved by the State; and
WHEREAS,Ordinance No. S5-02,passed on April 10,2002,authorized and directed to the
Kane County Clerk to abate ad valorem taxes imposed upon some of the real property located within
the Elgin Enterprise Zone upon which new improvements have been constructed or upon which
existing improvements have been renovated or rehabilitated, subject to certain exclusions and
conditions; and
WHEREAS, Ordinance No. S32-04, passed on October 27, 2004, provided for certain
amendments to Ordinance No. S5-02 including,but not limited to,excluding certain additional areas
within the Elgin Enterprise Zone from the property tax abatement provisions of Ordinance No.S5-02
and from the property tax abatement provisions of the Enterprise Zone Act; and
WHEREAS, the City has passed an ordinance to add territory to the Elgin Enterprise Zone
pursuant to the Act as Ordinance No. S8-08.
WHEREAS,the City has determined that it is necessary to further amend Ordinance No. S5-
02 to exclude the Proposed Expansion Zone area to the Elgin Enterprise Zone pursuant to Ordinance
No. S8-08 from the property tax abatement provisions of Ordinance No. S5-02 and from the property
tax abatement provisions of the Enterprise Zone Act.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
ELGIN, ILLINOIS:
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Section 1. That Ordinance No. S5-02 be and is hereby further amended by further
amending Subsection b of Section 1 thereof to read as follows:
b) such abatement shall be allowed only for industrial, residential or
commercial property located within the Elgin Enterprise Zone area, provided,
however,that no such abatement shall be applicable to any such improvement project
District within the boundaries of the Tax Increment Redevelopment Project Districts
as set forth in Ordinance Numbers G73-85;G74-85;S8-86;S9-86;S2-02;S3-02,S4-
02; S26-04; S27-04 or S28-04; or within the boundaries of the Proposed Expansion
Zone to the Elgin Enterprise Zone depicted and legally described in Ordinance No.
S8-08.
Section 2. That this ordinance shall be in full force and effect immediately after its
passage, approval, recording and publication in accordance with law, and after the State has
approved and certified the application for amendment to the Elgin Enterprise Zone pursuant to
Section 5.4 of the Act.
Ed Schock, Mayor
Presented: June 25, 2008 �� ,... ...f,c9
Passed: June 25, 2008
Vote: Yeas: 7 Nays: 0 ' .
Recorded: June 26, 2008 _O ►` n
Published: June 27, 2008 4e`
Attest: ::'o.-I N COe'"
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Diane Robertson, Cit y Qlerk