HomeMy WebLinkAboutRESOLUTION - 21-21 - 3/23/2021 - Midway Court Tax Increment FinancingRESOLUTION NO.21-21
A RESOLUTION OF THE VILLAGE OF ELK GROVE, ILLINOIS AUTHORIZING AN
ELIGIBILITY STUDY FOR CERTAIN PROPERTY TO DETERMINE ELIGIBILITY OF
THE PROPERTY FOR TAX INCREMENT FINANCING (MIDWAY COURT)
WHEREAS, pursuant to Section§ I I-74.4A.2 of the Tax Increment Allocation
Redevelopment Act, 65 ILCS § 5/1 1-74.4-1, et seq. (the "TIF Act"), the Village is studying the
possible designation of certain real property located within the Village, in the area of Midway Court
to determine if it qualities as a "redevelopment project area" as that term is defined in the Act;
WHEREAS, the Village is required to adopt a Resolution or Ordinance authorizing the
preparation of an eligibility study to determine if certain real property qualifies under the terms of the
TIF Act;
WHEREAS, the property to be studied for the possible designation of a Redevelopment
Project Area is generally depicted on Exhibit A attached hereto;
WHEREAS, if the Village proceeds in designating the Property as a Redevelopment Project
Area, the general purpose will be to upgrade and eliminate blighting and other conditions in its
commercial area and to attract redevelopment of the area, thereby stabilizing the tax base of the Village
and its taxing districts.
WHEREAS, the Village desires to adopt this Resolution in order to comply with such
requirements of the TIF Act;
NOW, THEREFORE, BE IT ORDAINED by the Mayor and Village Board of the Village of
Elk Grove, Illinois as follows:
Section 1: The above recitals are incorporated herein and made a part hereof.
Section 2: The Mayor, or his designee, is hereby authorized and directed to engage Camiros,
Ltd. to conduct an eligibility study of the area described in Exhibit A attached hereto in accordance
with Section§ 11-74.4-4.2 of the Act.
Section 3: if a preliminary finding of eligibility is made, Camiros is hereby authorized to
prepare a draft Redevelopment Plan as defined by the TIF Act.
Section 4: Upon passage of this Resolution, a copy will be sent to each of the affected taxing
districts listed on Exhibit B attached hereto.
Section 5: The Mayor or his designee may be contacted for additional information about the
proposed Redevelopment Project Area and all comments and suggestions regarding the Property to be
studied.
Section 6: If any provision of this Resolution shall be held to be invalid or unenforceable for
any reason, the invalidity or unenforceability of such provision shall not affect any of the other
provisions of this Resolution.
Section 7: All Resolutions, Ordinances, motions or orders in conflict with this Resolution are
hereby repealed to the extent of such conflict.
Section 8: That this Resolution shall be in full force and effect from and after its passage and
approval according to law.
VOTE: AYES: 6 NAYS:0 ABSENT: 0
PASSED this 23rd day of March, 2021.
APPROVED this 23rd day of March, 2021.
APPROVED:
Mayor Craig B. Johnson
Village of Elk Grove Village
ATTEST:
Loretta M. Murphy, Village Clerk
By: Jennifer M. Mahon, Deputy Village Clerk
Attachments:
Exhibit A: General Depiction of Study Area
Exhibit B: List of Affected Taxing Districts
DRAFT - Midway Court TIF Study Area
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EXHIBIT B
MIDWAY COURT TIF TAXING DISTRICTS
Elk Grove Township
600 Landmeier Road
Elk Grove Village, II 60007
Community Consolidated School District 59
2123 South Arlington Heights Road
Arlington Heights, IL 60005-4105
Arlington Heights Township High School District 214
2121 South Goebbert Road
Arlington Heights, IL 60005
Elk Grove Park District
1000 Wellington Avenue
Elk Grove Village, IL 60007
Elk Grove Rural Fire Protection District
1415 East Algonquin Road
Arlington Heights, IL 60005
Harper Community College District 512
1200 West Algonquin Road
Palatine, IL 60007
Cook County
118 North Clark Street
Chicago, IL 60602
Village of Elk Grove Village
901 Wellington Avenue
Elk Grove Village, IL 60007
Metropolitan Water Reclamation District of Greater Chicago
100 East Erie Street
Chicago, IL 60611
Northwest Mosquito Abatement District
147 West Hintz Road
Wheeling, IL 60090
Cook County Forest Preserve District
536 North Harlem Avenue
River Forest, IL 60305