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HomeMy WebLinkAboutORDINANCE - 3917 - 11/18/2025 - TREMINATING DEVON ROHLWINGORDINANCE NO.3917 AN ORDINANCE TERMINATING THE VILLAGE OF ELK GROVE VILLAGE DEVON/ROIILWING REDEVELOPMENT PROJECT AREA (DEVON 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. (the "Act"), the Village adopted Ordinance No. 2840 designating the Village of Elk Grove Village Devon/Rohlwing Redevelopment Project Area ("Devon/Rohlwing Area"); and WHEREAS, the Village designated the Devon/Rohlwing Area on June 26, 2001, and the Act provides that a redevelopment project area can have a term of no greater than twenty-three (23) years; and WHEREAS, the Village adopted Resolution 27-22 extending the Developer's Note to April 30, 2026, due to the delay by the Cook County Treasurer's Office to update the Devon/Rohlwing Area to a non -tax-exempt status resulting in a loss of property taxes in 2001 and 2002 designated for the Devon/Rohlwing Area; and WHEREAS, the Village desires to adopt this Ordinance terminating the Devon/Rohlwing Area on December 31, 2025, 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 : The above recitals are incorporated herein and made a part hereof. Section 2: The Devon/Rohlwing Redevelopment Project Area is terminated effective December 31, 2025. Section 3: The Village Clerk is directed to send a copy of this Ordinance to a representative of all affected taxing districts prior to December 1, 2025. 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 Section 5: All ordinances, resolutions, motions, or orders in conflict with this Ordinance are hereby repealed to the extent of such conflict.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: That this Ordinance shall be in full force and effect immediately on and after its passage and approval according to law. AYES: 6 NAYS: 0 ABSENT: 0 PASSED this 18 day of November 2025. APPROVED this 18 day of November 2025. A Mayor Craig B. 4kffinson Village of EI rove Village ATTEST: r e nifc S. an, Village Clerk