The URL can be used to link to this page

Home My WebLink AboutRESOLUTION - 22-21 - 3/23/2021 - Oakton & Higgins Tax increment FinancingRESOLUTION NO.22-21 A RESOLUTION OF THE VILLAGE OF ELK GROVE, ILLINOIS AUTHORIZING AN ELIGIBILITY STUDY FOR CERTAIN PROPERTY TO DETERMINE ELIGIBILITY OF 111E PROPERTY FOR TAX INYCREMENT FINANCING (OAKTON & HIGGINS). WHEREAS, pursuant to Section § 11-74.4A.2 of the Tax Increment Allocation Redevelopment Act, 65 ILCS § 5/11-74.4-1, et seq. (the "TIF Act"), the Village is studying the possible designation of certain real property located within the Village, in the area of Oakton & Higgins 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, Counties of Cook and DuPage, State of 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 PASS ED 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 S. Mahon, Deputy Villalze Clerk Attachments: Exhibit A: General Depiction of Study Area Exhibit B: List of Affected Taxing Districts OAKTON 08261010100000 0 0 0 0 0 �^ o o � ?s1p 08261010070000 o ��O �ppOp 490 08261010140000 0826.. 000 190 W v i m s 190 082610101s0000 COMMERCE Legend N Roads v Oakton/Higgins TIF Boundary 0� TIF Parcels Other Tax Parcels y�c Basemap I November 6, 2020 0 0.025 0.05 0.1 Miles Oakton/Higgins TIF EXHIBIT B OAKTON-HIGGINS 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 Mt. Prospect Park District 1000 West Central Road Mount Prospect, IL 60056 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 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