HomeMy WebLinkAboutORDINANCE - 3836 - 10/24/2023 - MIDWAY COURT TIF TERMINATIONORDINANCE NO. 3836
AN ORDINANCE TERMINATING THE VILLAGE OF ELK GROVE VILLAGE MIDWAY
COURT REDEVELOPMENT PROJECT AREA (MIDWAY COURT TIF DISTRICT)
WHEREAS, the Village of Elk Grove Village, Cook and DuPage Counties, Illinois (the
"Village') is a home rule municipality as described in Section§ 6(a) Article VII of the 1970
Constitution of the State of Illinois and as such may exercise any power and function pertaining to its
government and affairs; and
WHEREAS, pursuant to the Tax Increment Allocation Redevelopment Act, 65 ILCS §
5/11-74.4-1, et seq. ("Act'), the Village adopted Ordinance No. 3786 designating the Village of Elk
Grove Village Grove Midway Court Redevelopment Project Area ("Area"); and
WHEREAS, the Village designated the Area on October 25, 2022, and the Act provides that
a redevelopment project area can have a term of no greater than twenty-three (23) years; and
WHEREAS, the twenty-three (23) year term of the Area will end on December 31, 2047, but
the Village desires to adopt this ordinance terminating the Midway Court Redevelopment Project
Area early and to so notify the affected taxing districts.
NOW, THEREFORE, BE IT ORDAINED by the Mayor and the Village Board of the
Village of Elk Grove Village, Cook and DuPage Counties, Illinois, in the exercise of its home rule
powers, as follows:
Section 1: The above recitals are incorporated herein and made a part hereof.
Section 2: The Midway Court Redevelopment Project Area is terminated effective
December 31, 2023.
Se tin : The Village Clerk is directed to send a copy of this Ordinance to a representative
of all affected taxing districts prior to November 1, 2023.
Section 4: If any provision of this ordinance 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 ordinance.
Section 5: All ordinances, resolutions, motions, or orders in conflict with this ordinance are
hereby repealed to the extent of such conflict.
Section 6: This ordinance shall be in full force and effect immediately upon its passage by the
Corporate Authorities and approval as provided by law.
VOTE: AYES: 5 NAYS: 0 ABSENT: 1
PASSED this 24t'' day of October 2023.
APPROVED this 24t' day of October 2023.
ATTEST:
Loretta M. Murphy, Village Clerk
2
APPROVED:
Mayor Craig B. Johnson
Village of Elk Grove Village