G73-85 Ordinance No. G73-85
ORDINANCE APPROVING A TAX INCREMENT REDEVELOPMENT
r PLAN AND REDEVELOPMENT PROJECT IN THE CITY OF
ELGIN, ILLINOIS
WHEREAS, the City of Elgin, Illinois desires to implement
tax increment financing pursuant to the Real Property Tax Increment
Allocation Redevelopment Act, as amended, constituting Division
74.4 of Article 11 of the Illinois Municipal Code (hereinafter
referred to as the "Act" ) for the proposed Redevelopment Plan and
Redevelopment Project within the municipal boundaries of the City
and within the proposed Redevelopment Project Area described in
Section 1(a) of this ordinance.
WHEREAS, the Elgin Planning Department has prepared a
report entitled: "South Grove Redevelopment Plan, June, 1985"
row which constitutes the Redevelopment Plan required by the Act.
WHEREAS, pursuant to Section 11-74. 4-5 of the Act, the
City caused a public hearing to be held and completed relative to
the Redevelopment Plan and Redevelopment Project and the designa-
tion of a Redevelopment Project Area at a meeting of the City
Council held on September 9, 1985 in the City Council Chambers of
the City Hall .
WHEREAS, due notice in respect to such hearing was
given pursuant to Section 11-74. 4-5 and 6 of the Act.
WHEREAS, the Redevelopment Plan and Project set forth
the factors constituting blight in the proposed Redevelopment
Project Area, and the City Council has reviewed testimony concern-
ing blight presented at the public hearing and has reviewed other
eft. studies and is generally informed of the conditions of blight in
the proposed Redevelopment Project Area as said term "blight" is
used in the Act.
WHEREAS, the City Council has reviewed the conditions
pertaining to lack of private investment in the proposed Redevelop-
ment Project Area to determine whether private development would
take place in the proposed Redevelopment Project Area as a whole
without the adoption of the proposed Redevelopment Plan.
WHEREAS, the City Council has reviewed the conditions
pertaining to real property in the proposed Redevelopment Project
Area to determine whether contiguous parcels of real property and
improvements thereon in the proposed Redevelopment Project Area
would be substantially benefited by the proposed Redevelopment
Project improvements.
WHEREAS, the City Council has reviewed its proposed
Redevelopment Plan and Project and the Comprehensive Plan for
development of the City as a whole to determine whether the
Al)
proposed Redevelopment Plan and Project conform to the Comprehen-
sive Plan of the City.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF
THE CITY OF ELGIN, ILLINOIS, AS FOLLOWS:
Section 1. The City Council of the City hereby makes
the following findings:
( a) The area constituting the proposed Redevelopment
Project Area is described as follows:
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 approxi-
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mately 973 . 00 feet to the Northerly right of way line of
Prairie Street; thence Easterly along said Northerly right
of way line, a distance of approximately 740. 00 feet to the
Westerly line of H.T. Plummer' s Subdivision; thence South-
easterly 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
69 . 80 feet to the Westerly right of way line of Michigan
Street; thence Southeasterly along said Westerly right of
way line, a distance of approximately 10. 00 feet to the
Southerly right of way line of Gifford Place; thence North-
easterly 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 prolong-
ation 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
place of beginning. All the above being situated in Elgin
Township, City of Elgin, Kane County, Illinois .
(b) There exist conditions which cause the area proposed
to be designated as a Redevelopment Project Area to be classified 41/
as a "Blighted Area" as defined in Section 11-74-4-3 ( a) of the
Act.
(c) The proposed Redevelopment Project 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 Redevelop-
ment Plan.
(d) The Redevelopment Plan and Redevelopment Project
conform to the Comprehensive Plan for the development of the City
as a whole.
(e) The parcels of real property in the proposed
Redevelopment Project Area are contiguous and only those contiguous
parcels of real property and improvements thereon which will be
substantially benefited by the proposed redevelopment project
improvement are included in the proposed Redevelopment Project
Area.
(f) The estimated date for final completion of the
Redevelopment Project is September 1, 2008.
(g) The estimated date for retirement of obligations
incurred to finance Redevelopment Project Costs is not later than
September 1, 2008 .
Section 2 . The Redevelopment Plan and Redevelopment
Project presented at this meeting and on file in the office of
the City Clerk are each hereby adopted and approved.
Section 3 . This ordinance shall become effective in
All
the manner provided by law.
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Adopted this 9th day of September, 1985 by roll call
vote as follows:
Ayes: Councilmen Andersen, Gilliam, Moylan,
Van De Voorde, Waters and Mayor Verbic.
Nays: None
Absent: None
Abstained: Councilwoman Shales
Approved: September 9 , 1985
s/ Richard L. Verbic
Mayor
(SEAL)
epik Attest:
s/ Marie Yearman
City Clerk
CT/trl
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8/23/85
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CERTIFICATE
41,
I , Marie Yearman, City Clerk of the City of Elgin,
Illinois, hereby certify that the foregoing ordinance entitled:
"Ordinance Approving a Tax Increment Redevelopment Plan and
Redevelopment Project in the City of Elgin, Illinois, " is a true
copy of an original ordinance which was duly adopted by the
recorded affirmative votes of a majority of the members of the
City Council of the City at a meeting thereof which was duly
called and held at 8: 00 p.m. on September 9, 1985 in the City
Council Chambers at the City Hall, and at which a quorum was
present and acting throughout, and that said copy has been compared
by me with the original ordinance signed by the Mayor, and recorded
in the Ordinance Book of the City and that it is a correct trans-
cript thereof and of the whole of said ordinance, and that said
ordinance has not been altered, amended, repealed or revoked, but
is in full force and effect.
IN WITNESS WHEREOF, I have hereunto set my hand and
affixed the seal of the City this 9thday of September
1985 .
s/ Marie Yearman
City Clerk
(SEAL)
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