S3-15 Ordinance No. S3-15
AN ORDINANCE
EXTENDING THE EXPIRATION DATE
OF THE ELGIN ENTERPRISE ZONE
WHEREAS, by authority granted in the Illinois Enterprise Zone Act (20 ILCS 655/1 et
seq., as amended) (the "Act"), the City passed ordinance G63-84 on December 17, 1984 (the
"Designating Ordinance") to support the establishment of the Elgin Enterprise Zone for a life of
ten years through December 31, 1995; and
WHEREAS, the designation of the Elgin Enterprise Zone along with various subsequent
amendments to the Designating Ordinance have been certified by the Illinois Department of
Commerce and Economic Opportunity ("DCEO") or by the Illinois Department of Commerce
and Community Affairs, the predecessor of DCEO; and
WHEREAS, the City passed ordinance G67-95 on September 13, 1995 to extend the
Elgin Enterprise Zone for an additional ten years, expiring on December 31, 2005; and
WHEREAS, DCEO on November 3, 1995 extended the certification of the Elgin
Enterprise Zone for ten years, ending December 31, 2005 under the provisions of the Act; and,
WHEREAS, the City passed ordinance S30-04 on October 27, 2004 to extend the Elgin
Enterprise Zone for an additional ten years, expiring on December 31, 2015; and
WHEREAS, DCEO on December 2, 2004 extended the certification of the Elgin
Enterprise Zone for ten years, ending December 31, 2015 under the provisions of the Act; and
WHEREAS, Section 5.3(c) of the Act provides that each enterprise zone scheduled to
terminate before July 1, 2016 may have its termination date extended until July 1, 2016 upon
amendment of the Designating Ordinance by the designating municipality pursuant to Section
5.4 of the Act; and
WHEREAS, enterprise zones provide state and local incentives to promote the economic
growth of the area, to reduce unemployment, and to encourage expansion, rehabilitation, and
new construction of structures within the Elgin Enterprise Zone; and
WHEREAS, the City has determined it is necessary and desirable to further amend the
Designating Ordinance by extending the termination date of the Elgin Enterprise Zone to July 1,
2016.
NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
ELGIN, ILLINOIS:
Section 1. That Designating Ordinance G63-84, as amended, be and the same is hereby
further amended so that the Elgin Enterprise Zone shall terminate on July 1, 2016. All incentives
and exemptions available in the Elgin Enterprise Zone shall expire on July 1, 2016.
Section 2. That all other provisions of Designating Ordinance G63-84, as amended, not
inconsistent with this ordinance shall remain in effect.
Section 3. The City, upon passage, approval and publication of this ordinance as required
by law, shall file with the DCEO an application for approval of said ordinance, pursuant to
Section 5.4 of the Act.
Section 4. All ordinances, or parts of ordinances, in conflict with this ordinance are, to
the extent of such conflict, hereby repealed.
Section 5. This ordinance shall be in full force and effect from and after its passage,
approval and publication as provided by law.
s/David J. Kaptain
David J. Kaptain, Mayor
Presented: May 6, 2015
Passed: May 6, 2015
Omnibus Vote: Yeas: 9 Nays: 0
Recorded: May 6, 2015
Published: May 7, 2015
Attest:
s/Kimberly Dewis
Kimberly Dewis, City Clerk
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