HomeMy WebLinkAboutORDINANCE - 3713 - 6/30/2021 - Oakton/Higgins TIF redevlopment project areaORDINANCE NO.3713
AN ORDINANCE DESIGNATING THE OAKTON/HIGGINS TIF REDEVELOPMENT
PROJECT AREA, IN CONNECTION WITH THE APPROVAL OF THE
OAKTON/HIGGINS PLAN AND PROJECT
WHEREAS, it is desirable and for the best interests of the citizens of the Village of Elk
Grove, Cook and DuPage counties, Illinois (the "Village"), for the Village to implement tax
increment allocation financing pursuant to the Tax Increment Allocation Redevelopment Act, 65
ILCS 5/11-74.4 of the Illinois Municipal Code, as amended (the "Act"), for a redevelopment plan
and redevelopment project (the "Plan" and "Project") within the municipal boundaries of the
Village and within a proposed redevelopment project area (the "Area") described in Section 1 of
this ordinance; and
WHEREAS, the Mayor and Village Board (the "Corporate Authorities") have heretofore
by ordinance adopted and approved the Plan and Project, which Plan and Project were identified
in such ordinance and were the subject, along with the Area designation hereinafter made, of a
public hearing held on the 15th day of June, 2021, and it is now necessary and desirable to
designate the Area as a redevelopment project area pursuant to the Act:
NOW, THEREFORE, BE IT ORDAINED by the Mayor and the Village Board of the
Village of Elk Grove, Cook and DuPage counties, Illinois, in the exercise of its home rule powers,
as follows:
Section 1: Area Designated. The Area, as described in Exhibit A attached hereto and
incorporated herein as if set out in full by this reference, is hereby designated as a redevelopment
project area pursuant to Section 11-74.4-4 of the Act. 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: 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 3: Determination of Total Initial Equalized Assessed Valuation; Parcel
Identification Numbers Identified. It is hereby expressly found and determined that the most recent
assessed value of the Area as determined by the County Clerk of Cook County, Illinois (the
"County Clerk") is $4,109,573 It is further hereby expressly found and determined that the list of
the parcel tax identification numbers for each parcel of property included in the Area is attached
hereto as EXHIBIT D and included herein by this reference is a true, correct and complete list of
said numbers for said parcels of property.
Section 4: Superseder and Effective Date. All ordinances, resolutions, motions or
orders in conflict herewith be, and the same hereby are, repealed to the extent of such conflict, and
this ordinance shall be in full force and effect immediately upon its passage by the Corporate
Authorities and approval as provided by law.
Section 5: Transmittal to County Clerk. The Village Clerk is hereby expressly directed
to transmit forthwith to the Clerk of Cook County a certified copy of this ordinance, which is
hereby expressly found to include a legal description of the Area, a map of the Area, identification
of the year that the County Clerk shall use for determining the total initial equalized assessed value
of the Area and a list of the parcel of tax identification number of each parcel of property included
in the Area.
VOTE: AYES: 6 NAYS: 0 ABSENT: 0
PASSED this 3011 day of June 2021.
APPROVED this 30th day of June 2021.
APPROVED:
Mayor Craig B. Johnson
Village of Elk Grove Village
ATTEST:
Loretta M. Murphy, Village Clerk
HIGGINS/OAKTON ORDINANCE TWO DESIGNATING RPA
EXHIBITS
Exhibit A: Legal Description
Exhibit B: Description of Street Location
Exhibit C: Map of Area
Exhibit D: List of PINs in Area
HIGGINS/OAKTON ORDINANCE TWO DESIGNATING RPA
EXHIBIT A
LEGAL DESCRIPTION
OAKTON/HIGGINS TIF
1. ALL PART OF THE WEST HALF OF THE NORTHWEST QUARTER OF
SECTION 26, TOWNSHIP 41 NORTH, RANGE 11 EAST OF THE THIRD
PRINCIPAL MERIDIAN, DESCRIBED AS FOLLOWS:
2. BEGINNING AT THE INTERSECTION OF THE CENTERLINE OF HIGGINS
ROAD WITH THE EAST LINE OF THE WEST HALF OF THE NORTHWEST
QUARTER OF SECTION 26 AFORESAID;
3. THENCE NORTH ALONG THE EAST LINE OF THE WEST HALF OF THE
NORTHWEST QUARTER OF SECTION 26 TO THE SOUTHWESTERLY
LINE OF PROPERTY CONVEYED TO THE NORTHERN ILLINOIS GAS
COMPANY BY DEED DATED NOVEMBER 10, 1958 AND RECORDED
DECEMBER 18, 1958 AS DOCUMENT 17408538, SAID LINE BEING ALSO
82.5 FEET SOUTHWESTERLY OF AND PARALLEL WITH THE
SOUTHWESTERLY LINE OF THE PROPERTY ACQUIRED BY THE
ILLINOIS STATE TOLL HIGHWAY COMMISSION BY DEED DATED
OCTOBER 31, 1956 AND RECORDED NOVEMBER 9, 1956 AS
DOCUMENT 16750861;
4. THENCE NORTHWESTERLY ALONG SAID SOUTHWESTERLY LINE OF
PROPERTY CONVEYED TO THE NORTHERN ILLINOIS GAS COMPANY
BY DEED DATED NOVEMBER 10, 1958 AND RECORDED DECEMBER 18,
1958 AS DOCUMENT 17408538, TO THE CENTERLINE OF OAKTON
STREET, BEING ALSO THE NORTH LINE OF THE NORTHWEST
QUARTER OF SECTION 26 AFORESAID;
5. THENCE WEST ALONG SAID CENTERLINE OF OAKTON STREET, AND
THE NORTH LINE OF THE NORTHWEST QUARTER OF SECTION 26, TC
THE CENTERLINE OF HIGGINS ROAD;
6. THENCE SOUTHWESTERLY ALONG THE CENTERLINE OF HIGGINS
ROAD TO ITS INTERSECTION WITH THE EAST LINE OF THE WEST
HALF OF THE NORTHWEST QUARTER OF SECTION 26 AFORESAID,
AND THE POINT OF BEGINNING,
7. ALL IN COOK COUNTY, ILLINOIS.
EXHIBIT B:
Description of Street Location
Oakton/Higgins Redevelopment Project Area
The Oakton/Higgins Redevelopment Project Area is generally bounded by Higgins Road on the west,
Oakton Street on the north, Interstate 1-90 on the east, and Brummel Avenue on the south.
EXHIBIT C:
Map of Area
A-2
APPENDIX D
HIGGINS/OAKTON TIF
REDEVELOPMENT PROJECT AREA
INITIAL EQUALIZED ASSESSED VALUE BY PIN
PIN 2019 EAV
08-26-101-003-0000
$6,109
08-26-101-007-0000
$762,146
08-26-101-010-0000
$438.286
08-26-101-011-0000
$86,809
08-26-101-014-0000
$1,818,566
08-26-101-015-0000
$298,660
08-26-101-016-0000
$656,100
08-26-101-017-0000
$42,897
Total $4,109,573
D-1