Loading...
T7-84 ORDINANCE NO. T7- 84 AN ORDINANCE proposing the establishment of the Elgin-O'Hare Special Service Area Number One in the City of Elgin, Kane and Cook * I Counties , Illinois , and the issuance of bonds in the amount of $1 , 500, 000 for the purpose of paying the cost of providing special ser- vices in and for such Area. * WHEREAS, special service areas are established pursuant to Part (1 ) ( 2 ) of Section 6 of Article VII of the 1970 Constitu- tion of the State of Illinois, which provides: The General Assembly may not deny or limit the power of home rule units . . . ( 2 ) to levy or impose additional taxes upon areas within their boundaries in the manner provided by law for the provision of special services to those areas and for the payment of debt incur- red in order to provide those special services. and are established pursuant to the provisions of "AN ACT to provide the manner of levying or imposing taxes for the provision of special services to areas within the boundaries of home rule units and non-home rule municipalities and counties, " approved September 21, 1973, as amended, and pursuant to the Revenue Act of 1939 of the State of Illinois, as amended; WHEREAS, it is in the public interest that the estab- lishment of the area hereinafter described as a special service area for the purpose set forth herein be considered (the "Area" ) ; and r WHEREAS, the Area is compact and contiguous and is totally within the corporate limits of the City of Elgin, Kane and Cook Counties , Illinois (the "City" ) ; and WHEREAS, the Area will benefit specially from the municipal services to be provided ( the "Services" ) , and the Ser- vices are unique and in addition to municipal services provided to the City as a whole and it is , therefore, in the best inter- ests of the City that the establishment of the Area be con- sidered; and WHEREAS, it is hereby estimated that the cost of providing the Services will be not less than $ 1 , 500 , 000 . 00 ; and WHEREAS, it is in the public interest that the issuance of bonds in not to exceed the amount of $1,500,000 and secured by the full faith and credit of the Area be considered for the purpose of paying part of the cost of providing the Services (the "Bonds" ) ; and WHEREAS, the Bonds shall be retired over a period not to exceed 20 years from the issuance thereof and shall bear interest at not to exceed the greater of 9% per annum or 125% of the rate for the most recent date shown in the 20 G.O. Bonds Index of average municipal bond yields as published in the most recent edition of The Bond Buyer, published in New York, New York , at the time the contract is made for the sale of the Bonds; and WHEREAS, the Bonds shall be retired by the levy of a direct annual tax sufficient to pay the interest on the Bonds as the same comes due and to discharge the principal thereof at maturity; and -2- eft. WHEREAS, said direct annual tax shall be levied upon all taxable property within the Area for said period of not to exceed 20 years and shall be unlimited as to rate or amount and in addition to all other taxes permitted by law: NOW, THEREFORE, Be It Ordained by the City Council of the City of Elgin, Kane and Cook Counties, Illinois, as follows: Section 1. That the preambles of this ordinance are hereby incorporated into this text as if set out herein in full . Section 2. That a public hearing shall be held at 8 : 00 o' clock P .M. , on the 22nd day of October , 1984 , at the Municipal Building, 150 Dexter Court , Elgin, Illinois, (the "Hearing" ) , to consider the establishment of the Area in the territory and for the purpose of providing the Services described in the Notice of Public Hearing set forth in Section 4 hereof (the "Notice" ) and to consider the issuance of the Bonds described in the Notice. Section 3. That notice of the Hearing shall be given by publication and mailing. Notice by publication shall be given by publication at least once not less than fifteen (15) days prior to the Hearing in Daily Courier News, the same being a newspaper of general circulation within the City. Notice by mailing shall be given by depositing the Notice in the United States mails addressed to the person or persons 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 Area. The Notice shall be mailed not less than ten (10) days prior to the time set for the Hearing. In the event taxes for the last preceding year -3- were not paid, the Notice shall be sent to the person last listed on the tax rolls prior to that year as the owner of said property. • Section 4. That the Notice shall be in substantially the following form: NOTICE OF PUBLIC HEARING CITY OF ELGIN, KANE AND COOK COUNTIES, ILLINOIS ELGIN-O'HARE SPECIAL SERVICE AREA NUMBER ONE NOTICE IS HEREBY GIVEN that on October 22 , 1984, at 8 : 00 o 'clock p .M. at the Municipal Building, 150 Dexter Court , Elgin, Illinois, a hearing will be held by the City Council of the City of Elgin, Kane and Cook Counties, Illinois , to consider the establishment of Elgin-O'Hare Special Service Area Number One of said City consisting of the following de- scribed territory: -4- PARCEL 1 That part of Lot 1 lying Northerly of a line described as follows: Commencing at the Northwest corner of said Lot 1; thence Southerly, along the Westerly line of said Lot 1, a dis- tance of 566.73 feet to a point on said Westerly line that is 30$.-95 feet Northerly of (as measured along said Westerly line) an angle point in the Westerly line of said Lot 1 , for the point of beginning of the aforesaid line; thence Easterly, perpendicu- lar to the Westerly line of said Lot 1, a distance of 278. 24 feet to the Westerly line of Airport Road for the terminus of the aforesaid line, in Elgin - O'Hare Business Center , being a sub- division of part of Section 34 , Township 42 North, Range 8 East of the Third Principal Meridian, in the City of Elgin, Kane County, Illinois. PARCEL 2 That part of Lot 1 lying Southerly of a line described as follows : Commencing at the most Southerly corner of said Lot 1; thence Northwesterly, along the Westerly line of said Lot 1, a distance cf 221.76 feet to an angle point in said Westerly line; thence Northwesterly, along the Westerly line of said Lot 1 , a distance of 634. 80 feet to an angle point in said Westerly line; thence Northerly, along the Westerly line of said Lot 1, a dis- tance of 125.95 feet for the point of beginning of the aforesaid line; thence Easterly, perpendicular to the Westerly line of said Lot 1, a distance of 323 . 26 feet to the Westerly line of Airport Road for the terminus of the aforesaid line, in Elgin - O'Hare Business Center , being a subdivision of part of Section 34, Town- ship 42 North, Range 8 East of the Third Principal Meridian, in the City of Elgin, Kane County, Illinois. PARCEL 3 Lots 2, 4, 6 , 7, 8 , 9 , 10, 11, 12, 13, 14, 15, 16, 17, 18, 19 , 20, 21 and 22 of Elgin-O'Hare Business Center , being a sub- division of part of Section 34, Township 42 North, Range 8 East of the Third Principal Meridian, in the City of Elgin, Kane County, Illinois . PARCEL 4 That part of Lot 5 lying Southerly of a line described as follows: Commencing at the Northeast corner of said Lot 5; thence Southerly, along the East line of said Lot 5, a distance of 569.12 feet for the point of beginning of the aforesaid line; thence Westerly, perpendicular to the East line of said Lot 5, a distance of 647 . 96 feet to the Easterly line of Airport Road for the terminus of the aforesaid line, of Elgin-O'Hare Business Center, being a subdivision of part of Section 34 , Township 42 e"' North, Range 8 East of the Third Principal Meridian, in the City of Elgin, Kane County, Illinois. -5- rik PARCEL 5 That part of Section 34 , Township 42 North, Range 8 East of the Third Principal Meridian, described as follows: Commencing at the Northeast corner of the Southeast Quarter of said Section 34 ; thence South 00 degrees 17 minutes 38 seconds East, along the East4ine of said Southeast Quarter , a distance of 1823.74 feet to a point that is 830 . 59 feet Northerly of (as measured along said East line) the Southeast corner of said Southeast Quarter ; thence North 89 degrees 17 minutes 42 seconds West, a distance of 576 . 00 feet along a line that is parallel with a line drawn Westerly (this line hereafter referred to as Line "A" ) from a point on the East line of said Southeast Quarter that is 74. 30 feet Northerly of (as measured along said East line) the South- east corner of said Southeast Quarter to a point ( this point hereafter referred to as Point "B" ) on the West line extended Northerly of the Northwest Quarter of Section 1, Township 41 North, Range 8 East of the Third Principal Meridian that is 78.60 feet Northerly of (as measured along said West line, extended Northerly) the Northwest corner of Northwest Quarter ; thence South 00 degrees 17 minutes 38 seconds East, parallel with the East line of said Southeast Quarter of Section 34, a distance of 756. 29 feet to the aforesaid Line "A" ; thence North 89 degrees 17 minutes 42 seconds West , along said Line "A" , a distance of 939 . 48 feet to the aforesaid Point "B" ; thence North 89 degrees 26 minutes 37 seconds West, a distance of 966.65 feet to a point that is 78. 93 feet Northerly of a point on the South line of said Southeast Quarter that is 155.93 feet Easterly of (as measured along said South line) the Southwest corner of said Southeast Quarter ; thence North 83 degrees 33 minutes 33 seconds West, a distance of 154.85 feet to an existing iron stake as per Document No. 847720 that is 94 .93 feet Northerly of the Southwest corner of said Southeast Quarter , as measured along a line (this line and it 's Northerly extension thereof hereafter referred to as Line "C" ) that bears North 04 degrees 05 minutes 00 seconds East from said Southwest corner ; thence North 04 degrees 05 minutes 00 seconds East , along said Line "C" , to the Southeast corner of the Taxi Strip Easement as shown on the Plat of Miller 's Hangars, being a subdivision of part of said Section 34, for the point of beginning, said Southeast corner being on the aforesaid Line "C" and at a distance of 2421.22 feet (record being North 04 degrees 05 minutes 00 seconds East 2421.44 feet) from the Southwest corner of the Southeast Quarter of Section 34, as aforesaid; thence South 89 degrees 21 minutes 30 seconds East , along the South line of said Taxi Strip Easement, extended Easterly, a distance of 28.05 feet ; thence South 00 degrees 38 minutes 30 seconds West, a distance of 80.0 feet; thence South 35 degrees 22 minutes 12 seconds East , a distance of 694.49 feet; thence South 00 degrees 23 minutes 31 seconds West, a distance of 757.85 feet; thence South 67 degrees 04 minutes 33 seconds East, a distance of 664.71 feet; thence North 34 degrees 48 minutes 27 seconds East, a distance of 457.61 feet; thence South 55 degrees 11 minutes 33 seconds East, a distance of 200.0 feet ; thence Southeasterly, along a curve to the right having a radius of 1021. 58 feet and -6- being tangent to the last described course, a distance of 180.51 feet ; thence Northeasterly, along a curve to the left having a radius of 2837.62 feet ( the chord of said curve bears North 49 degrees 10 minutes 13 seconds East ) an arc distance of 80. 21 feet ; thence Northwesterly, along a curve to the left having a radius of 1101 . 58 feet ( the chord of said curve bears North 49 degrees 58 minutes 35 seconds West) an arc distance of 200. 57 felt ; thence North 55 degrees 11 minutes 33 seconds West, tangent to the last described curve, a distance of 95.77 feet; thence North 10 degrees 51 minutes 53 seconds East, a distance of 1004 .42 feet; thence South 79 degrees 08 minutes 07 seconds East , a distance of 20. 0 feet ; thence Easterly, along a curve to the left having a radius of 2180. 40 feet and being tangent to the last described course, a distance of 364.64 feet ; thence North 00 degrees 17 minutes 38 seconds West, parallel with the East line of the Southeast Quarter of Section 34, as aforesaid, a distance of 80. 04 feet ; thence Easterly, along a curve to the left having a radius of 2100. 40 feet (the chord of said curve bears south 89 degrees 28 minutes 05 seconds East ) an arc distance of 60. 01 feet ; thence North 00 degrees 17 minutes 38 seconds West, parallel with the East line of the Southeast Quarter of said Section 34, a distance of 475.86 feet to the North line of said Southeast Quarter ; thence North 89 degrees 27 minutes 18 seconds West, along said North line, a distance of 259.96 feet to a point on said North line that is 660.0 feet Westerly of (measured along r said North line) the Northeast corner of the Southeast Quarter of Section 34 as aforesaid; thence North 79 degrees 08 minutes 07 seconds West , along a line that forms an angle of 10 degrees 19 minutes 11 seconds (record being 10 degrees 19 minutes 00 seconds) with the North line of said Southeast Quarter, measured from West to North at the last described point, a distance of 1789 . 25 feet to Line "C" , as aforesaid; thence South 04 degrees 05 minutes 00 seconds West , along said Line "C" , a distance of 559. 16 feet to the point of beginning. Being situated in Dundee Township, Kane County, Illinois. PARCEL 6 All of River Ridge Drive, Airport Road, high Point Drive and Corporate Drive as set forth and contained in the plat of Elgin - O'Hare Business Center Unit No. 1. el0P4 -7- r The approximate street location of said territory is as follows: The northeast corner of the intersection of Route 31 and the , Illinois Northwest Toliway. r r -8- An accurate map of said territory is on file in the office of the City Clerk of the City and is available for public inspection. The purpose of the establishment of the Elgin-O'Hare Special Service Area Number One is to provide special municipal services for said Elgin-O'Hare Special Service Area Number One including road improvements and the acquisition of rights of way therefor , paving and the construction of necessary curbs, gutters , and street lights, as well as the construction of sanitary and storm sewers and drains, including all expenses incidental thereto, all of said improvements to be in and for said Elgin-O'Hare Special Service Area Number One . an amount The issuance of bonds in/not to exceed the amount of $1 , 500 ,000 and secured by the full faith and credit of said elk Elgin-O'Hare Special Service Area Number One to pay the cost of the special municipal services hereinabove described will also be considered at said public hearing. Said bonds shall be retired over a period of not to exceed 20 years from the issuance thereof and shall bear interest at not to exceed the greater of 9% per annum or 125% of the rate for the most recent date shown in the 20 G.O. Bonds Index of average municipal bond yields as published in the most recent edition of The Bond Buyer, published in New York, New York , at the time the contract is made for the sale of said bonds. Such bonds, if issued, shall be retired by the levy of a direct annual tax sufficient to pay the principal and interest thereon, said tax to be levied upon all the taxable property within said Elgin-O'Hare Special Service Area Number One fiek for said period of not to exceed 20 years and to be unlimited as -9- to rate or amount and in addition to all other taxes permitted by fek law. All interested persons affected by the establishment of said Elgin-O'Hare Special Service Area Number One or the issuance of said bonds and the levy of said tax, including all owners of real estate located within said Elgin-O'Hare Special Service Area Number One, will be given an opportunity to be heard at said hearing regarding the establishment of said Elgin-O'Hare Special Service Area Number One and the issuance of said bonds and the levy of said tax and an opportunity to file objections to the establishment of said Elgin-O'Hare Special Service Area Number One or the issuance of said bonds and the levy of said tax. At said public hearing, any interested persons affected by said proposed Elgin-O'Hare Special Service Area Number One may file with the City Clerk written objections to and may be heard orally in respect to any issues embodied in this notice. The City Council shall hear and determine all protests and objections at said hearing, and said hearing may be adjourned to another date without further notice other than a motion to be entered upon the minutes fixing the time and place of its adjournment. If a petition signed by at least 51% of the electors residing within said Elgin-O'Hare Special Service Area Number One and by at least 51% of the owners of record of the land included within the boundaries of said Elgin-O'Hare Special Service Area Number One is filed with the City Clerk within 60 days following the final adjournment of said public hearing objecting to the creation of the Elgin-O'Hare Special Service Area Number One, the -10- levy or imposition of a tax or the issuance of bonds for the provision of special services to the Elgin-O'Hare Special Service Area Number One , or to a proposed increase in the tax rate, no such Elgin-O'Hare Special Service Area Number One may be created, or tax may be levied or imposed nor the rate increased, or no such bonds may be issued. By order of the City Council of the City of Elgin, Kane and Cook Counties, Illinois . DATED this 24 day of September , 1984. s/ Marie Yearman City Clerk, City of Elgin, Kane and Will Counties, Illinois Section 5. That all ordinances, orders and resolutions and parts thereof in conflict herewith be and the same are hereby repealed, and that this ordinance be in full force and effect forthwith upon its adoption and approval . Adopted September 24', 1984 . AYES: Councilmen Andersen, Gilliam, Hansen, Schmidt , Shales , Waters and Mayor Verbic. NAYS: None ABSENT: None Approved September24 , 1984. s/ Richard L. Verbic Mayor, City of Elgin, Kane and Cook Counties, Illinois Attest: s/ Marie Yearman City Clerk, City of Elgin, Kane and Cook Counties, Illinois Recorded in the City Records on 1984 . -11-