S28-04 Ordinance No. S28-04
AN ORDINANCE
ADOPTING TAX INCREMENT FINANCING FOR THE CITY OF ELGIN IN
CONNECTION WITH THE DESIGNATION OF THE ELGIN ROUTE 20
TAX INCREMENT FINANCING REDEVELOPMENT PROJECT AREA
WHEREAS,it is desirable and in the best interests of the citizens of the City of Elgin,Illinois
(the"City"),for the City to adopt tax increment financing pursuant to the Tax Increment Allocation
Redevelopment Act, 65 ILCS 5/11-74.4-1, et seq., as amended (the "Act"); and
WHEREAS, the City has heretofore approved a redevelopment project and plan (the
"Project" and "Plan") as required by the Act by passage of an ordinance and has heretofore
designated the Elgin Route 20 Tax Increment Redevelopment Project Area(the"Area")as required
by the Act by the passage of an Ordinance and the City has otherwise complied with all other
conditions precedent required by the Act.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
ELGIN, ILLINOIS:
Section 1. Tax Increment Financing Adopted. Tax increment allocation financing is
hereby adopted to pay redevelopment project costs as defined in the Act and as set forth in the
Project and Plan within the Area as 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 Area is
described in Exhibit`B"attached hereto and incorporated herein as if set out in full by this reference.
The map of the Area is depicted on Exhibit "C"attached hereto and incorporated herein as if set out
in full by this reference.
Section 2. Allocation of Ad Valorem Taxes. Pursuant to the Act,the ad valorem taxes,if
any, arising from the levies upon taxable real property in the Area by taxing districts and tax rates
determined in the manner provided in Section 11-74.4-9(c) of the Act each year after the effective
date of this ordinance until the Project costs and obligations issued in respect thereto have been paid
shall be divided as follows:
(a) That portion of taxes levied upon each taxable lot,block,tract or parcel of real
property which is attributable to the lower of the current equalized assessed value or the initial
equalized assessed value of each such taxable lot,block, tract or parcel of real property in the Area
shall be allocated to and when collected shall be paid by the county collector to the respective
affected taxing districts in the manner required by law in the absence of the adoption of tax
increment allocation financing.
(b) That portion, if any, of such taxes which is attributable to the increase in the
current equalized assessed valuation of each lot, block, tract or parcel of real property in the Area
rik over and above the initial equalized assessed value of each property in the Area shall be allocated to
and when collected shall be paid to the City of Elgin treasurer or to his/her designee pursuant to
Section 207A of the Revenue Act of 1939 of the State of Illinois,as amended,who shall deposit said
taxes into a special fund,hereby created, and designated the"City of Elgin Route 20 Tax Increment
Financing Redevelopment Project Area Special Tax Allocation Fund" of the City and such taxes
shall be used for the purpose of paying Project costs and obligations incurred in the payment thereof.
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.
Ed Schock, Mayor
Presented: September 22, 2004
Passed: September 22, 2004
rimi* Omnibus Vote: Yeas: 6 Nays: 0
Recorded: September 23, 2004
Published:
Attest:
Dolonna Mecum, City Clerk
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�., EXHIBIT A
ELGIN ROUTE 20
TAX INCREMENT FINANCING REDEVELOPMENT PROJECT AREA
THAT PART OF SECTIONS 23, 24, 25 AND 26, ALL IN TOWNSHIP 41 NORTH, RANGE 8
EAST OF THE THIRD PRINCIPAL MERIDIAN DESCRIBED AS FOLLOWS: BEGINNING AT
THE SOUTHWEST CORNER OF THE NORTHEAST QUARTER OF SAID SECTION 23;
THENCE NORTH ALONG THE WEST LINE OF SAID NORTHEAST QUARTER TO THE
NORTH LINE OF STATE ROUTE 20 BY-PASS,ALSO BEING THE SOUTH LINE OF GEORGE
L. KIRK'S SUBDIVISION, ELGIN, KANE COUNTY, ILLINOIS, BEING A SUBDIVISION OF
PART OF AFORESAID 23; THENCE EAST ALONG SAID NORTH LINE OF STATE ROUTE
20 BY-PASS,TO THE INTERSECTION WITH THE WESTERLY LINE OF STATE ROUTE 31;
THENCE EASTERLY TO THE INTERSECTION WITH THE EASTERLY LINE OF SAID
STATE ROUTE 31 AND THE NORTHERLY LINE OF AFORESAID STATE ROUTE 20;
THENCE SOUTHEASTERLY ALONG SAID NORTHERLY LINE, TO THE INTERSECTION
WITH THE SOUTHERLY LINE OF SOUSTER AVENUE AS PLOTTED IN W.H. HINTZE'S
SUBDIVISION, BEING A SUBDIVISION OF PART OF AFORESAID SECTIONS 23 AND 24;
THENCE EASTERLY ALONG SAID SOUTHERLY LINE OF SOUSTER AVENUE TO THE
INTERSECTION WITH THE WESTERLY RIGHT OF WAY LINE OF THE RAIL DIVISION OF
THE REGIONAL TRANSPORTATION AUTHORITY (FORMERLY THE CHICAGO,
0 MILWAUKEE, ST. PAUL AND PACIFIC RAILROAD COMPANY PER DOCUMENT NO.
1866552 AS RECORDED IN THE RECORDERS OFFICE OF KANE COUNTY , ILLINOIS,
ALSO BEING THE EASTERLY RIGHT OF WAY LINE OF THE CHICAGO AND
NORTHWESTERN TRANSPORTATION COMPANY;THENCE SOUTHERLY ALONG SAID
WESTERLY LINE TO THE INTERSECTION WITH THE SOUTHERLY RIGHT OF WAY LINE
OF AFORESAID STATE ROUTE 20 BY-PASS; THENCE EASTERLY ALONG SAID
SOUTHERLY RIGHT OF WAY LINE TO THE EASTERLY LINE OF THE KANE COUNTY
FOREST PRESERVE DISTRICT PROPERTY PER QUIT CLAIM DEED, DOCUMENT NO.
1879636, RECORDED IN THE RECORDERS OFFICE OF KANE COUNTY; THENCE
SOUTHERLY ALONG SAID EASTERLY LINE,TO THE SOUTHERLY LINE OF LOT CCCL1
(351) OF THE COUNTY CLERK'S SUBDIVISION; THENCE EASTERLY ALONG SAID
SOUTHERLY LINE TO THE SOUTHEAST CORNER OF SAID LOT 351;THENCE EASTERLY
TO THE SOUTHWEST CORNER OF LOT 1 IN BLOCK 5 OF SOUTH PARK ADDITION TO
ELGIN, KANE CO., ILL, BEING A SUBDIVISION OF PART OF AFORESAID SECTION 24;
THENCE NORTHERLY ALONG THE WESTERLY LINE OF SAID LOT 1 ALSO BEING THE
EASTERLY LINE OF THE CHICAGO AND NORTHWESTERN TRANSPORTATION
COMPANY PROPERTY TO THE NORTHWEST CORNER OF SAID LOT 1; THENCE
NORTHERLY ALONG SAID EASTERLY LINE OF THE CHICAGO AND NORTHWESTERN
TRANSPORTATION COMPANY PROPERTY TO THE NORTHWEST CORNER OF LOT 12,
BLOCK 3 IN AFORESAID SOUTH PARK ADDITION TO ELGIN, KANE COUNTY, ILL.,
SAID CORNER BEING ON THE NORTHERLY LINE OF AFORESAID ROUTE 20 BY-PASS;
THENCE EASTERLY,ALONG SAID NORTHERLY LINE TO THE NORTHEAST CORNER OF
LOT 9,BLOCK 3 IN SAID SOUTH PARK ADDITION; THENCE NORTHERLY ALONG THE
WESTERLY LINE OF LOT 6, BLOCK 3 IN SAID SOUTH PARK ADDITION TO THE
NORTHWEST CORNER OF SAID LOT 6;THENCE EASTERLY ALONG THE NORTHERLY
LINE OF LOT 6, ALSO BEING THE NORTHERLY LINE OF AFORESAID ROUTE 20 BY-
PASS,TO THE NORTHEAST CORNER OF LOT 2,BLOCK 4 IN AFORESAID SOUTH PARK
ADDITION;THENCE SOUTHERLY ALONG THE EASTERLY LINE OF SAID LOT 2 TO THE
SOUTHEAST CORNER OF SAID LOT 2, BLOCK 4; THENCE EASTERLY ALONG THE
NORTHERLY LINE OF AFORESAID ROUTE 20 BY-PASS TO THE NORTHWEST CORNER
OF THE PROPERTY DESCRIBED IN DOCUMENT 2003K193747, RECORDED IN THE
RECORDER'S OFFICE OF KANE COUNTY; THENCE SOUTHERLY ALONG THE
WESTERLY LINE OF SAID PROPERTY TO THE SOUTHWEST CORNER AS DESCRIBED IN
SAID DOCUMENT; THENCE EASTERLY ALONG THE SOUTHERLY LINE OF SAID
PROPERTY,ALSO BEING THE NORTHERLY LINE OF AFORESAID ROUTE 20 BY-PASS,
TO THE SOUTHEAST CORNER OF THE PROPERTY DESCRIBED IN DOCUMENT
99K079899 AS RECORDED IN THE RECORDER'S OFFICE OF KANE COUNTY; THENCE
SOUTHERLY TO THE NORTHEAST CORNER OF LOT 4 BLOCK 1 IN WM. REDEKER'S
THIRD ADDITION TO ELGIN,ILLINOIS,BEING A SUBDIVISION OF PART OF AFORESAID
SECTION 24; THENCE SOUTH ALONG THE EAST LINE OF SAID LOT 4 AND THE EAST
LINE OF LOT 5 IN SAID WM.REDEKER'S THIRD ADDITION TO ELGIN,ILLINOIS TO THE
SOUTHEAST CORNER OF SAID LOT 5; THENCE WEST ALONG THE SOUTH LINE OF
SAID LOT 5 TO THE NORTHWEST CORNER OF PARCEL ONE AS DESCRIBED IN
WARRANTY DEED DOCUMENT NO. 95K006877 AS RECORDED IN THE RECORDERS
OFFICE OF KANE COUNTY,IL;THENCE SOUTH ALONG THE WEST LINE AS DESCRIBED
"'` IN SAID WARRANTY DEED DOCUMENT NO. 95K006877 TO THE SOUTH LINE OF
AFORESAID BLOCK 1 IN SAID WILLIAM REDEKER'S THIRD ADDITION TO ELGIN,
ILLINOIS;THENCE EASTERLY ALONG SAID SOUTH LINE TO THE INTERSECTION WITH
THE EASTERLY LINE EXTENDED NORTHERLY OF LOT 16 IN BLOCK 4 IN WINZLAR
ADDITION TO ELGIN, ILLINOIS BEING A SUBDIVISION OF PART OF AFORESAID
SECTION 24;THENCE SOUTHERLY ALONG SAID NORTHERLY EXTENSION AND SAID
EASTERLY LINE TO THE SOUTHEAST CORNER OF SAID LOT 16 THENCE WESTERLY
ALONG THE SOUTH LINE AND ALONG WESTERLY EXTENSION OF THE SOUTH LINE
OF SAID LOT 16,BLOCK 4 TO THE EASTERLY LINE OF BLOCK 4 IN PLAT OF WILLIAM
REDEKER'S SECOND ADDITION TO ELGIN,KANE CO.,ILLS.BEING A SUBDIVISION OF
PART OF AFORESAID SECTION 24 ; THENCE NORTHERLY ALONG SAID EASTERLY
LINE OF BLOCK 4 TO THE NORTHEAST CORNER OF SAID BLOCK 4; THENCE
WESTERLY ALONG THE NORTHERLY LINE OF SAID BLOCK 4 TO THE NORTHEAST
CORNER OF LOT 12 IN SAID BLOCK 4; THENCE SOUTHERLY ALONG THE EASTERLY
LINE OF SAID LOT 12 , BLOCK 4 TO THE SOUTHEAST CORNER OF SAID LOT 12;
THENCE WESTERLY ALONG THE SOUTHERLY LINE OF SAID LOT 12 TO THE
WESTERLY LINE OF AFORESAID BLOCK 4 IN PLAT OF WILLIAM REDEKER'S SECOND
ADDITION TO ELGIN, KANE COUNTY, ILLINOIS; THENCE SOUTHERLY ALONG THE
WESTERLY LINE OF SAID BLOCK 4 TO THE INTERSECTION WITH THE EASTERLY
EXTENSION OF THE SOUTHERLY LINE OF LOT 4, BLOCK 3 IN AFORESAID PLAT OF
WILLIAM REDEKER'S SECOND ADDITION TO ELGIN, KANE CO., ILLS.; THENCE
WESTERLY ALONG SAID EASTERLY EXTENSION AND SAID SOUTHERLY LINE OF LOT
rib 4 AND THE SOUTHERLY LINE OF LOT 9, BLOCK 3 IN AFORESAID PLAT OF WILLIAM
REDEKER'S SECOND ADDITION TO ELGIN, KANE CO., ILLS., TO THE SOUTHWEST
CORNER OF SAID LOT 9, SAID CORNER BEING ON THE WEST LINE OF SAID BLOCK 3;
THENCE SOUTHERLY ALONG THE WESTERLY LINE OF SAID BLOCK 3 TO THE
SOUTHWEST CORNER OF SAID BLOCK 3; THENCE EASTERLY ALONG THE
SOUTHERLY LINE OF SAID BLOCK 3 TO THE SOUTHEAST CORNER OF SAID BLOCK 3;
THENCE EASTERLY TO THE SOUTHWEST CORNER OF AFORESAID BLOCK 4 IN THE
PLAT OF WILLIAM REDEKER'S SECOND ADDITION TO ELGIN, KANE CO., ILLS.;
THENCE SOUTHERLY TO THE NORTHWEST CORNER OF BLOCK 5 IN AFORESAID PLAT
OF WILLIAM REDEKER'S SECOND ADDITION TO ELGIN, KANE CO., ILLS.; THENCE
SOUTHERLY,ALONG THE WESTERLY LINE OF SAID BLOCK 5 TO THE INTERSECTION
WITH THE EASTERLY EXTENSION OF THE SOUTHERLY LINE OF LOT 1, BLOCK 6 IN
AFORESAID PLAT OF WILLIAM REDEKERS SECOND ADDITION TO ELGIN KANE CO.,
ILLS.; THENCE WESTERLY ALONG SAID EASTERLY EXTENSION AND SOUTHERLY
LINE OF AFORESAID LOT 1, BLOCK 6 TO THE SOUTHWEST CORNER OF SAID LOT 1;
THENCE SOUTHERLY,ALONG THE WESTERLY LINE OF LOT 2,BLOCK 6 IN AFORESAID
PLAT OF WILLIAM REDEKER'S SECOND ADDITION TO ELGIN,KANE CO.,ILLS.,TO THE
SOUTHWEST CORNER OF LOT 2; THENCE EASTERLY ALONG THE SOUTHERLY LINE
OF SAID LOT 2 AND THE EASTERLY EXTENSION OF SAID SOUTHERLY LINE TO THE
INTERSECTION WITH AFORESAID WESTERLY LINE OF BLOCK 5 IN PLAT OF WILLIAM
REDEKER'S SECOND ADDITION TO ELGIN, KANE CO., ILLS., THENCE SOUTHERLY,
ALONG SAID WESTERLY LINE OF BLOCK 5 TO THE INTERSECTION WITH THE
EASTERLY EXTENSION OF THE SOUTHERLY LINE OF LOT 4 IN AFORESAID BLOCK 6 IN
r PLAT OF WILLIAM REDEKER'S ADDITION TO ELGIN, KANE CO., ILLS; THENCE
WESTERLY ALONG SAID EASTERLY EXTENSION AND ALONG THE SOUTHERLY LINE
OF LOT 4 TO THE SOUTHWEST CORNER OF SAID LOT 4;THENCE SOUTHERLY ALONG
THE WESTERLY LINE OF LOTS 5 AND 6 IN SAID BLOCK 6 AND THE SOUTHERLY
EXTENSION OF THE WESTERLY LINE OF SAID LOT 6 TO THE NORTHERLY LINE OF
BLOCK 7 IN AFORESAID PLAT OF WILLIAM REDEKER'S SECOND ADDITION TO ELGIN,
KANE CO.,ILLS.;THENCE WESTERLY ALONG SAID NORTHERLY LINE OF SAID BLOCK
7,TO THE NORTHWEST CORNER OF SAID BLOCK 7;THENCE SOUTHERLY ALONG THE
WESTERLY LINE OF SAID BLOCK 7 TO THE NORTHWEST CORNER OF LOT 11 IN SAID
BLOCK 7; THENCE EASTERLY ALONG THE NORTHERLY LINE OF SAID LOT 11 TO THE
NORTHEAST CORNER OF SAID LOT 11;THENCE SOUTHERLY ALONG THE EASTERLY
LINE OF SAID LOT 11 TO THE SOUTHWEST CORNER OF LOT 2 IN AFORESAID BLOCK 7;
THENCE EASTERLY ALONG THE SOUTHERLY LINE OF SAID LOT 2 AND THE
EASTERLY EXTENSION OF SAID SOUTHERLY LINE TO THE INTERSECTION WITH THE
WESTERLY LINE OF BLOCK 8 IN AFORESAID PLAT OF WILLIAM REDEKER'S SECOND
ADDITION TO ELGIN,KANE CO.,ILLS.;THENCE SOUTHERLY ALONG THE WESTERLY
LINE OF BLOCK 8 TO THE NORTHWEST CORNER OF LOT 8 IN SAID BLOCK 8 ;THENCE
EASTERLY ALONG THE NORTHERLY LINE OF SAID LOT 8 TO THE NORTHEAST
CORNER OF SAID LOT 8;THENCE SOUTHERLY ALONG THE EASTERLY LINE OF LOTS 8
AND 7 IN SAID BLOCK 8 TO THE SOUTHEAST CORNER OF SAID LOT 7; THENCE
SOUTHERLY TO THE NORTHWEST CORNER OF THE PROPERTY DESCRIBED IN THE
EXECUTOR'S DEED DOCUMENT NO. 1505014 RECORDED IN THE RECORDERS OFFICE
OF KANE COUNTY, IL; THENCE SOUTHERLY ALONG THE WEST LINE OF PROPERTY
m. ACCORDING TO EXECUTOR'S DEED TO THE SOUTHWEST CORNER OF SAID
EXECUTOR'S PROPERTY DEED;THENCE EASTERLY ALONG THE SOUTH LINE OF SAID
EXECUTOR'S PROPERTY DEED AND THE EASTERLY EXTENSION OF SAID SOUTH LINE
TO THE INTERSECTION WITH THE EASTERLY RIGHT OF WAY LINE OF STATE ROUTE
25, ALSO KNOWN AS ST. CHARLES STREET; THENCE SOUTHERLY ALONG SAID
EASTERLY RIGHT OF WAY LINE TO THE NORTHEASTERLY RIGHT OF WAY LINE OF
AFORESAID RAIL DIVISION OF THE REGIONAL TRANSPORTATION AUTHORITY
(FORMERLY THE CHICAGO, MILWAUKEE, ST. PAUL AND PACIFIC RAILROAD
COMPANY); THENCE NORTHWESTERLY ALONG SAID NORTHEASTERLY RIGHT OF
WAY LINE TO THE NORTH LINE OF AFORESAID SECTION 25; THENCE WESTERLY
ALONG SAID NORTHERLY LINE OF SECTION 25 TO THE WESTERLY BANK OF THE FOX
RIVER;THENCE SOUTHERLY ALONG SAID WESTERLY BANK OF THE FOX RIVER,TO
THE NORTHEAST CORNER OF A PARCEL OF LAND DESCRIBED IN QUIT CLAIM DEED
PER DOCUMENT NO. 1304553 RECORDED IN THE RECORDERS OFFICE OF KANE
COUNTY, ILLINOIS; THENCE WESTERLY ALONG THE NORTHERLY LINE OF SAID
PARCEL OF LAND PER DOCUMENT NO. 1304553 TO THE SOUTHEAST CORNER OF A
PARCEL OF LAND DESCRIBED IN A QUIT CLAIM DEED PER DOCUMENT NO. 93K26876
RECORDED IN THE RECORDERS OFFICE OF KANE COUNTY, ILLINOIS; THENCE
WESTERLY ALONG THE SOUTHERLY LINE OF SAID PARCEL OF LAND, TO THE
SOUTHWEST CORNER OF SAID PARCEL OF LAND;THENCE NORTHEASTERLY ALONG
THE NORTHWESTERLY LINE OF SAID PARCEL OF LAND TO THE NORTHWEST
CORNER OF SAID PARCEL OF LAND; THENCE EASTERLY ALONG THE NORTHERLY
'" LINE OF SAID QUIT CLAIM DEED TO THE NORTHEAST CORNER OF SAID DEED;
THENCE NORTHERLY TO A POINT ON THE SOUTHERLY LINE OF A PARCEL OF LAND
DESCRIBED IN A QUIT CLAIM DEED PER DOCUMENT NO. 1591075 RECORDED IN THE
RECORDERS OFFICE OF KANE COUNTY, ILLINOIS SAID POINT BEING 521.10 FEET
EASTERLY OF(AS MEASURED ALONG SAID SOUTHERLY LINE)THE EASTERLY LINE
OF AFORESAID STATE ROUTE 31;THENCE WESTERLY,ALONG SAID SOUTHERLY LINE
PER QUIT CLAIM DEED DOCUMENT NO. 1591075 TO THE EASTERLY RIGHT OF WAY
LINE OF STATE ROUTE 31; THENCE SOUTHERLY ALONG SAID EASTERLY RIGHT OF
WAY LINE, TO THE INTERSECTION WITH THE SOUTHERLY LINE OF THE ILLINOIS
STATE MENTAL HEALTH PROPERTY THAT IS 983.40 FEET SOUTH AS MEASURED
PERPENDICULAR TO SAID SOUTHERLY LINE OF THE NORTH LINE OF AFORESAID
SECTION 26; THENCE WESTERLY ALONG SAID SOUTHERLY LINE, TO A POINT ON
SAID SOUTHERLY LINE THAT IS 740.00 FEET WEST OF THE EAST LINE OF THE
NORTHWEST QUARTER OF AFORESAID SECTION 26;THENCE NORTHERLY PARALLEL
TO SAID EAST LINE OF THE NORTHWEST QUARTER TO THE NORTH LINE OF SAID
NORTHWEST QUARTER;THENCE NORTHERLY PARALLEL TO THE EAST LINE OF THE
SOUTHWEST QUARTER OF SECTION 23, A DISTANCE OF 816.60 FEET; THENCE
EASTERLY PARALLEL TO THE SOUTHERLY LINE OF THE SOUTHWEST QUARTER OF
SAID SECTION 23 TO THE EASTERLY LINE OF SAID SOUTHWEST QUARTER;THENCE
NORTHERLY ALONG SAID EASTERLY LINE OF THE SOUTHWEST QUARTER TO THE
POINT OF BEGINNING, SITUATED IN THE CITY OF ELGIN, KANE COUNTY, ILLINOIS.
EXHIBIT B
STREET DESCRIPTION
The Project Area is irregularly shaped. East of the Fox River, the area is generally bounded by US
Route 20 on the north,portions of St. Charles Street and Elizabeth Street on the east, and the Metra
rail right-of-way and the westerly extension of Hammond Avenue on the south. West of the Fox
River, the area generally includes (i) the Illinois Department of Transportation ("IDOT")property
along US Route 20,the City's Grohlich Park,the Continental Little League Park/Elgin Shores Forest
Preserve and several vacant properties east of Route 31; and (ii) the campus of the Elgin Mental
Health Center ("EMHC") and the IL Department of Human Services office building west of
Route 31.
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I Block Number rri
040 Parcel Number M
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203-040 Block Number-Parcel Number td
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* These two parcels must be subdivided
to match the proposed TIF Boundary.
Figure 1
Project Area Boundary
ROUTE 20 TIF ELGIN, IL
Tax Increment Financing Redevelopment Area U RS•TPA P
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