HomeMy WebLinkAboutORDINANCE - 3072 - 3/14/2006 - SECOND MORATORIUM/DEV OF NEW BANKSORDINANCE NO. 3072
AN ORDINANCE ESTABLISHING A SECONDARY MORATORIUM ON THE
DEVELOPMENT OF NEW BANKS AND FINANCIAL INSTITUTIONS IN THE
VILLAGE'S B-1, B-2 AND B-3 BUSINESS DISTRICTS
WHEREAS, the Village of Elk Grove Village is a Home Rule Unit pursuant to
the Illinois Constitution of 1970; and
WHEREAS, the B-1, B-2 and B-3 Business Districts of the Village have a
combination of retail and non -retail uses which are permitted in said districts; and
WHEREAS, the Village has experienced a recent dramatic increase in the
number of banks and financial institutions as indicated by building permits, special use
permits and planned developments in the Village; and
WHEREAS, banks and financial institutions, as a result of the need for greater
safety and security, require greater attention and service from the Elk Grove Village
Police Department in comparison with other retail uses; and
WHEREAS, an appropriate mix of banks and financial institutions in comparison
to retail sales and service uses is necessary in order to ensure the vitality and commercial
character of the B-1, B-2 and B-3 Business Districts of the Village; and
WHEREAS, as a result of the aforementioned recitals, the Mayor and Board of
Trustees adopted Ordinance 3025 establishing a temporary moratorium on the
development of new banks and financial institutions "in order to provide sufficient time
for the Village to consider the possible adoption of additional regulations"; and
WHEREAS, during and after this time period, these issues were discussed by the
Judiciary, Planning and Zoning Committee (JPZ Committee) of the Village at open
meetings duly held from time to time; and
WHEREAS, upon recommendation by the JPZ Committee that banks and other
financial institutions be deemed a special use in all business districts, the Mayor and
Board of Trustees are directing this matter to the Plan Commission for public hearing for
a text amendment in accordance with said recommendation; and
WHEREAS, while the matter is before the Plan Commission, it is necessary to
reinstate and continue the moratorium initially adopted pursuant to Ordinance No. 3025
during said deliberation and until final action is taken by the Village Board.
NOW, THEREFORE BE IT ORDAINED, by the Mayor and Board of Trustees
of the Village of Elk Grove Village, Counties of Cook and DuPage, Illinois as follows:
Section 1: The foregoing recitals are hereby incorporated into and made a part of
this Ordinance by this reference.
Section 2: Beginning on the effective date of this Ordinance, no building permit,
remodeling permit, special use permit or plan review shall be issued or approved by the
Village for properties in the Village's B-1, B-2 and B-3 Business Districts except as
otherwise provided herein (" Moratorium").
Section 3: The moratorium, unless sooner terminated by Ordinance duly adopted
by the Village Board, shall remain in full force and effect for a limited period during
deliberation before the Plan Commission and deliberation before the Village Board on the
recommendation of the Plan Commission, but in no event no more than one -hundred
eighty days, unless otherwise extended by the Village Board.
Section 4: For purposes of this Ordinance, the term "Financial Institutions" shall
include banks, savings and loans, credit unions and similar financial related institutions.
Section 5: That this Ordinance shall be in full force and effect from and after is
passage, approval and publication in pamphlet form.
VOTE: AYES: 5 NAYS: 0 ABSENT: 1
PASSED this 14th day of March 2006.
PUBLISHED this 17th day of March 2006.
Approved:
Mayor Craig B. Johnson
Village of Elk Grove Village
Attest:
Ann I. Walsh.Village Clerk
Ordsecondarymoratorium.doc