S2-86 ORDINANCE NO. S2-86
ORDINANCE AUTHORIZING THE ILLINOIS DEPARTMENT OF
REVENUE TO ALLOCATE TO THE CITY OF ELGIN THE
INCREASES SINCE 1984 IN CERTAIN RETAILERS' AND
SERVICE OCCUPATION TAXES PAID ON TRANSACTIONS
AT PLACES OF BUSINESS LOCATED WITHIN THE SOUTH
GROVE REDEVELOPMENT PROJECT AREA IN THE CITY OF
ELGIN, ILLINOIS AND PROVIDING FOR THE DISPOSITION
OF SUCH TAX PROCEEDS
WHEREAS, pursuant to the Real Property Tax Increment
Allocation Redevelopment Act, as amended, constituting Division
74.4 of Article 11 of the Illinois Municipal Code (the "Act" ),
the City Council of the City of Elgin, Illinois (the "City")
adopted Ordinance No. G73-85 on September 9, 1985 approving a tax
increment redevelopment plan and project known as the "South
Grove Redevelopment Plan" (the "Redevelopment Plan" ) ;
WHEREAS, pursuant to the Act, on September 9, 1985,
said City Council further adopted Ordinance No. G74-85 designating
the area in the City described in the Redevelopment Plan as the
Redevelopment Project Area (the "Redevelopment Project Area" ) and
approving tax increment allocation financing with respect to the
Redevelopment Plan and the Redevelopment Project Area;
WHEREAS, pursuant to the Act, a municipality which has
adopted tax increment allocation financing prior to January 1,
1987 mar, by ordinance, authorize the Illinois Department of
Revenue to annually certify and pay such municipality an amount
equal to the increase in the aggregate amount of taxes paid by
retailers and servicemen on transactions at places of business
located within a designated redevelopment project area, pursuant
to the Municipal Retailers' Occupation Tax Act, the Retailers'
Occupation Tax Act and the Service Occupation Tax Act for as long
as the redevelopment project area exists over and above the
aggregate amount of such taxes as certified by the Illinois
Department of Revenue and paid under the above tax Acts by retailers
and servicemen on transactions at places of business located in
the redevelopment project area during the calendar year immediately
prior to the year in which the municipality adopted tax increment
allocation financing; and
WHEREAS, the Act requires that the payments received by
any such municipality shall be deposited into the appropriate
special tax allocation fund of the municipality and shall be used
only for the purpose of paying redevelopment project costs and
obligations incurred in the payment thereof;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF
THE CITY OF ELGIN, COOK AND KANE COUNTIES, ILLINOIS, AS FOLLOWS:
SECTION 1: The City Council' of the City does hereby
authorize the Illinois Department of Revenue, according to rules
and regulations established by said Department to annually certify
and pay to this City an amount equal to the increase in the
aggregate amount of taxes paid by retailers and servicemen on
transactions at places of business located within the Redevelopment
Project Area (as herein legally described in Exhibit "A" which is
attached hereto and made a part of this Ordinance by reference) ,
pursuant to the Municipal Retailers' Occupation Tax Act, the
Retailers' Occupation Tax Act and the Service Occupation Tax Act
for as long as the Redevelopment Project Area exists; said amount
to be over and above the aggregate amount of said taxes as certified
by the Illinois Department of Revenue and paid under the above
stated Acts by retailers and servicemen on transactions at places
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located in the Redevelopment Project Area during the calendar
year 1984.
SECTION 2: The tax payments authorized under Section
1 of this Ordinance shall be deposited by the Finance Director
and City Treasurer of the City in the special fund established by
the City and designated as the "South Grove Special Tax Allocation
Fund" for use only for the purpose of paying redevelopment project
costs and obligations incurred in the payment thereof within the
Redevelopment Project Area.
SECTION 3: The City Clerk is herby authorized and
directed to send notice of this Ordinance and the adoption
thereof to the appropriate officials of the Illinois Department
of Revenue.
SECTION 4: This Ordinance shall be in full force and
effect upon its passage, approval and publication in pamphlet
form in accordance with law.
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Adopted this
28th day of 1986
by roll call vote as follows:
Ayes: Councilmen Andersen, Gilliam, Moylan, Shales ,
Van De Voorde and Mayor Verbic.
Nays: None
Approved: April 28, , 1986
s/ Richard L. Verbic
Mayor
(SEAL)
Attest:
City erk
CT/trl
#13815
4/2/86
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EXHIBIT A
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-
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
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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.
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, .
CERTIFICATE
I, Marie Yearman, City Clerk of the City of Elgin,
Illinois, hereby certify that the foregoing ordinance entitled:
"Ordinance Authorizing the Illinois Department of Revenue to
Allocate to the City of Elgin the Increases since 1984 in Certain
Retailers' and Service Occupation Taxes Paid on Transactions at
Places of Business located within the South Grove Redevelopment
Project Area in the City of Elgin, Illinois and Providing For the
Disposition of such Tax Proceeds" 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 April 28, , 1986 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 transcript
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 28thday of April
1986.
s/ Marie Yearman
City Clerk
(SEAL)
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