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HomeMy WebLinkAboutORDINANCE - 3366 - 12/17/2013 - TIF - REDEVELOPMENT PLAN BUSSE/ELMHURST ROADORDINANCE NO. 3366 AN ORDINANCE TO CONSIDER DESIGNATING CERTAIN REAL PROPERTY AS A REDEVELOPMENT PROJECT AREA, APPROVING A REDEVELOPMENT PLAN AND PROJECT AND ADOPTING TAX INCREMENT ALLOCATION FINANCING (BUSSE/ELMHURST ROAD REDEVELOPMENT PROJECT) WHEREAS, the Mayor and the Village Board (the "Corporate Authorities") of the Village of Elk Grove Village, in Cook and DuPage Counties, Illinois (the "Village"), have determined that the stable economic and physical development of the Village is endangered by the presence of factors, that without Village intervention, will result in blighting within certain areas of the Village, as legally described in Exhibit A attached hereto; and WHEREAS, to prevent the subject area from becoming blighted, certain factors need to be eradicated and redevelopment be undertaken. Therefore, pursuant to the Tax Increment Allocation Redevelopment Act, as supplemented and amended (the "Act"), the Mayor and Village Board (the "Corporate Authorities") of the Village of Elk Grove Village, Cook and DuPage Counties, Illinois (The "Village") hereby determines that it is advisable and in the best interests of the Village and certain affected taxing districts that the Village consider approval of a redevelopment plan (the "Redevelopment Plan") and project (the "Project') and designate a redevelopment project area, as legally described in Exhibit A attached hereto ("Redevelopment Project Area"), to be known as the Busse/Elmhurst Road Redevelopment Project and adopt tax increment allocation financing for the Redevelopment Project Area; and WHEREAS, the Act requires the Village to conduct a public hearing and convene a joint review board prior to the adoption of an ordinance approving a redevelopment plan and project, designating a redevelopment project area, and adopting tax increment allocation financing therefore, at which hearing any interested person or affected taxing district may file with the Village Clerk written objections to and may be heard orally with respect to the proposed Redevelopment Plan and Project; and WHEREAS, the Act further requires that such joint review board consist of a representative selected by each taxing district authorized to directly levy on the taxes on the property within the proposed Redevelopment Project Area, a representative selected by the Village and a public member to consider the subject matter of the public hearing; and WHEREAS, the Act further requires that the time and place of such public hearing be fixed by ordinance or resolution adopted by the Corporate Authorities; and WHEREAS, the Act further requires that prior to adopting such ordinance or resolution fixing the time and place of a public hearing, the Village must make available for the public inspection a redevelopment plan or separate report that provides in reasonable detail the basis for the proposed Redevelopment Project Area's qualifying as a "Conservation Area" under the Act; and WHEREAS, the firm of Camiros, Ltd. has conducted an eligibility survey of the proposed Redevelopment Project Area and has prepared its report (the "Report") and has concluded that the Redevelopment Project Area qualifies as a "conservation area" as defined in the Act, which survey and findings have been presented to the Corporate Authorities and are now on file in the official files and records of the Village; and WHEREAS, a draft of the proposed Redevelopment Plan and Project, which includes the Report, has been on file and available for public inspection in the offices of the Village Clerk since December 6, 2013, as required under the Act; and WHEREAS, the Act requires that notice of the public hearing be given by publication and mailing; and WHEREAS, the Corporate Authorities have determined that it is advisable to hold a public hearing and convene a joint review board to consider the proposed approval of the Plan and Project. NOW, THEREFORE, BE IT ORDAINED by the Mayor and Board of Trustees of the Village of Elk Grove Village, Cook and DuPage Counties, Illinois as follows: Section 1: Redevelopment Plan and Project Proposed. Subject to the terms of the Act, the Village is considering approval of Redevelopment Plan and Project, including the designation of the Redevelopment Project Area, and the adoption of tax increment allocation financing.A draft of the Redevelopment Plan was placed on file at the offices of the Village on December 6, 2013, a date being not less than 10 days prior to the adoption of this Ordinance. Section 2: Time and Place of Public Hearing Fixed. A public hearing (the "Hearing") shall be held by the Mayor and Board of Trustees of the Village at 6:00 P.M. on the 1 ls' day of February, 2014 at the Charles J. Zettek Municipal Complex, 901 Wellington Avenue, Elk Grove Village, Illinois, for the purpose of hearing from any interested persons or affected taxing districts regarding the proposed approval of the Redevelopment Plan and Project, designation of the Redevelopment Project Area, and adoption of the tax increment allocation financing therefore. Section 3: Publication of Notice of Hearing Authorized. Notice of the Hearing, substantially in the Form attached hereto as Exhibit B shall be published at least twice, not more than 30 nor less than 10 days prior to the Hearing, in a newspaper of general circulation within the taxing districts having property in the Redevelopment Project Area. Section 4: Mailing of Notice of Hearing Authorized. Notice shall be mailed by certified mail not less that 10 days prior to the date set for the Hearing, addressed to the person or persons in whose name the general taxes for the last preceding year were paid on each lot, block, tract or parcel of land lying within the Redevelopment Project Area. In the event taxes for the last preceding year were not paid, the notice shall also be sent to the persons last listed on the tax rolls within the preceding three years as the owners of such property. Section 5: Notice to Taxing Districts. Notice shall also be given by certified mail to all taxing districts of which taxable property is included in the Redevelopment Project Area and to the Illinois Department of Commerce and Community Affairs not less that 45 days prior to the Hearing, and such notice shall also include an invitation to each taxing district and the Illinois Department of Commerce and Community Affairs to submit written comments prior to the date of the Hearing to the Village, to the attention of the Village Clerk, 901 Wellington Avenue, Elk Grove Village, Illinois 60007, concerning the subject matter of the Hearing. Each such mailed notice shall include a copy of the Report, the name of an appropriate person to contact for additional information, and a copy of the proposed Redevelopment Plan. Section 6: Mailing of Notice of Hearing. Notice of public hearing shall be sent to all residents within 750 feet of the boundaries of the Redevelopment Project Area and any Interested Persons listed on the Interested Persons Registry as soon as reasonably possible after the adoption of this Ordinance. Section 7: Joint Review Board Convened. A joint review board (" JRB") as described in the Act is hereby convened and the JRB shall meet, review such documents and issue such report as set forth in the Act. The first meeting of said joint review board shall be held at 2:00 P.M. on the 9s' day of January, 2014, at 901 Wellington Avenue, Elk Grove Village, Illinois 60007. Section 8: Superseder; Effective Date. All ordinances, resolutions, motions or orders in conflict with the provisions of this Ordinance are, to the extent of such conflict, hereby repealed. This Ordinance shall become effective upon its adoption. VOTE: AYES: 5 NAYS: 0 ABSENT: 1 PASSED this 17" day of December 2013. APPROVED this 17°i day of December 2013. APPROVED: Mayor Craig B. Johnson Village of Elk Grove Village ATTEST: Judith M. Keegan, Village Clerk BusscElmhurslconsidurTIF EXHIBIT A LEGAL DESCRIPTION 1. ALL THAT PART OF SECTIONS 22, 23, 26, 27, 34, 35 AND 36 IN TOWNSHIP 41 NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN BOUNDED AND DESCRIBED AS FOLLOWS: 2. BEGINNING AT THE SOUTHEAST CORNER OF SECTION 35 AFORESAID, BEING ALSO THE SOUTHEAST CORNER OF CENTEX INDUSTRIAL PARK UNIT 11, A SUBDIVISION IN SECTION 35, TOWNSHIP 41 NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN, BEING ALSO THE POINT OF INTERSECTION OF THE CENTER LINE OF DEVON AVENUE WITH THE CENTER LINE OF ELMHURST ROAD; 3. THENCE NORTH ALONG THE EAST LINE SECTION 35 AFORESAID, AND SAID CENTER LINE OF ELMHURST ROAD, TO THE SOUTH LINE OF THE NORTHWEST QUARTER OF SECTION 36 AFORESAID, BEING ALSO THE SOUTH LINE OF ROGERS INDUSTRIAL SUBDIVISION UNIT TWO, A SUBDIVISION OF PART OF THE WEST HALF OF THE NORTHWEST QUARTER OF SECTION 36, TOWNSHIP 41 NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN; 4. THENCE EAST ALONG SAID SOUTH LINE OF ROGERS INDUSTRIAL SUBDIVISION UNIT TWO TO THE EAST LINE OF LOT 3 IN ROGERS INDUSTRIAL SUBDIVISION UNIT TWO AFORESAID; 5. THENCE NORTH ALONG SAID EAST LINE OF LOT 3 IN ROGERS INDUSTRIAL SUBDIVISION UNIT TWO TO THE SOUTH LINE OF COYLE AVENUE, BEING ALSO THE NORTHWESTERLY LINE OF LOT 4 IN ROGERS INDUSTRIAL SUBDIVISION UNIT TWO AFORESAID; 6. THENCE EASTERLY AND NORTHERLY ALONG SAID SOUTH LINE OF COYLE AVENUE AND SAID NORTHWESTERLY LINE OF LOT 4 IN ROGERS INDUSTRIAL SUBDIVISION UNIT TWO TO THE SOUTH LINE OF THE NORTH 233 FEET OF LOT 4 IN ROGERS INDUSTRIAL SUBDIVISION UNIT TWO AFORESAID; 7. THENCE EAST ALONG SAID SOUTH LINE OF THE NORTH 233 FEET OF LOT 4 IN ROGERS INDUSTRIAL SUBDIVISION UNIT TWO TO THE EAST LINE OF SAID ROGERS INDUSTRIAL SUBDIVISION UNIT TWO; 8. THENCE NORTH ALONG SAID EAST LINE OF SAID ROGERS INDUSTRIAL SUBDIVISION UNIT TWO, TO THE EAST LINE OF ROGERS INDUSTRIAL SUBDIVISION UNIT SIX, A RESUBDIVISION OF LOT 3 IN ROGERS INDUSTRIAL SUBDIVISION UNIT FOUR AND LOT 5 IN ROGERS INDUSTRIAL SUBDIVISION UNIT FIVE IN THE WEST HALF OF THE NORTHWEST QUARTER OF SECTION 36, TOWNSHIP 41 NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN; 9. THENCE NORTH ALONG THE EAST LINE OF ROGERS INDUSTRIAL SUBDIVISION UNIT SIX AFORESAID TO THE NORTHEAST CORNER OF LOT 3 IN SAID ROGERS INDUSTRIAL SUBDIVISION UNIT SIX; 10. THENCE NORTHWESTERLY TO THE SOUTHEAST CORNER OF LOT 2 IN TOUHY-HIGGINS RESUBDIVISION NO. 1 OF LOT 4 IN TOUHY-HIGGINS SUBDIVISION OF A PART OF THE NORTHWEST QUARTER OF THE NORTHWEST QUARTER OF SECTION 36, TOWNSHIP 41 NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN, BEING ALSO THE NORTHEASTERLY LINE OF OLD HIGGINS ROAD; 11. THENCE NORTHWESTERLY ALONG SAID NORTHEASTERLY LINE OF OLD HIGGINS ROAD TO THE NORTHERLY EXTENSION OF THE WEST LINE OF LOT 2 IN THE RESUBDIVISION OF LOT 4 IN ROGERS INDUSTRIAL SUBDIVISION UNIT FIVE AFORESAID; 12. THENCE SOUTH ALONG SAID NORTHERLY EXTENSION AND SAID WEST LINE OF LOT 2 IN THE RESUBDIVISION OF LOT 4 IN ROGERS INDUSTRIAL SUBDIVISION UNIT FIVE TO THE NORTH LINE OF ROGERS INDUSTRIAL SUBDIVISION UNIT FIVE AFORESAID; 13. THENCE NORTHWESTERLY ALONG SAID NORTH LINE OF ROGERS INDUSTRIAL SUBDIVISION UNIT FIVE, AND THE WESTERLY EXTENSION THEREOF, TO THE WEST LINE OF ELMHURST ROAD; 14. THENCE NORTH ALONG SAID WEST LINE OF ELMHURST ROAD TO THE NORTH LINE OF ESTES AVENUE; 15. THENCE WEST ALONG SAID NORTH LINE OF ESTES AVENUE TO THE EAST LINE OF HIGGINS AND TOUHY SUBDIVISION OF LOTS 32 & 33 IN CENTEX INDUSTRIAL PARK UNIT NO. 6, A SUBDIVISION IN SECTIONS 26 & 35, TOWNSHIP 41 NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN; 16. THENCE NORTH ALONG THE EAST LINE OF HIGGINS AND TOUHY SUBDIVISION OF LOTS 32 & 33 IN CENTEX INDUSTRIAL PARK UNIT NO. 6 AFORESAID TO THE NORTHEASTERLY LINE OF OLD HIGGINS ROAD; 17. THENCE SOUTHEASTERLY ALONG SAID NORTHEASTERLY LINE OF OLD HIGGINS ROAD TO THE WESTERLY LINE OF THAT PART OF THE DIVISION OF THE NORTHEAST QUARTER OF THE NORTHEAST QUARTER OF SECTION 35, TOWNSHIP 41 NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN, TAKEN FOR THE WIDENING OF ELMHURST ROAD; 18. THENCE NORTHERLY ALONG SAID WESTERLY LINE OF THAT PART OF THE DIVISION OF THE NORTHEAST QUARTER OF THE NORTHEAST QUARTER OF SECTION 35 TAKEN FOR THE WIDENING OF ELMHURST ROAD, TO THE SOUTH LINE OF LOT 1 IN THE DIVISION OF THE NORTHEAST QUARTER OF THE NORTHEAST QUARTER OF SECTION 35 AFORESAID; 19. THENCE EAST ALONG THE SOUTH LINE OF LOT 1 IN THE DIVISION OF THE NORTHEAST QUARTER OF THE NORTHEAST QUARTER OF SECTION 35 AFORESAID, TO THE WEST LINE OF ELMHURST ROAD; 20. THENCE NORTH ALONG SAID WEST LINE OF ELMHURST ROAD TO THE NORTH LINE OF SECTION 35 AFORESAID; 21. THENCE NORTHEASTERLY TO THE INTERSECTION OF THE CENTER LINE OF TOUHY AVENUE WITH THE CENTER LINE OF ELMHURST ROAD, BEING ALSO THE EAST LINE OF SECTION 26, TOWNSHIP 41 NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN; 22. THENCE NORTH ALONG SAID CENTER LINE OF ELMHURST ROAD, AND THE EAST LINE OF SECTION 26 AFORESAID, TO THE EASTERLY EXTENSION OF THE NORTH LINE OF LOT 2 IN WEBB HOTELS OF ILLINOIS RESUBDIVISION, A RESUBDIVISION OF LOTS 3 & 4 OF O'HARE INTERNATIONAL CENTER FOR BUSINESS, A RESUBDIVISION OF LOT 1 IN HIGGINS ELMHURST SUBDIVISION NO. 1 & LOT 1 IN HIGGINS ELMHURST SUBDIVISION NO. 2, OF A PART OF THE SOUTHEAST QUARTER OF SECTION 26 AFORESAID; 23. THENCE WEST ALONG SAID EASTERLY EXTENSION AND THE NORTH LINE OF LOT 2 IN WEBB HOTELS OF ILLINOIS RESUBDIVISION AFORESAID, TO THE NORTHWEST CORNER OF SAID LOT 2 IN WEBB HOTELS OF ILLINOIS RESUBDIVISION; 24. THENCE SOUTHEASTERLY ALONG THE WESTERLY LINE OF SAID LOT 2 IN WEBB HOTELS OF ILLINOIS RESUBDIVISION, TO THE NORTHWESTERLY LINE OF LANDMEIER ROAD; 25. THENCE SOUTHWESTERLY ALONG SAID NORTHWESTERLY LINE OF LANDMEIER ROAD TO THE SOUTHEAST CORNER OF LOT 2 IN O'HARE INTERNATIONAL CENTER FOR BUSINESS AFORESAID; 26. THENCE WESTERLY ALONG SAID SOUTH LINE OF LOT 2 IN O'HARE INTERNATIONAL CENTER FOR BUSINESS TO THE WEST LINE OF O'HARE INTERNATIONAL CENTER FOR BUSINESS AFORESAID; 27. THENCE SOUTH ALONG SAID WEST LINE OF O'HARE INTERNATIONAL CENTER FOR BUSINESS TO THE NORTHEASTERLY LINE OF HIGGINS ROAD; 28. THENCE NORTHWESTERLY ALONG SAID NORTHEASTERLY LINE OF HIGGINS ROAD TO A POINT 139.01 FEET NORTHERLY OF THE SOUTHEAST CORNER OF LOT 2 IN THE DIVISION OF THE WEST HALF OF THE SOUTHEAST QUARTER OF SECTION 26 AFORESAID; 29. THENCE SOUTHWESTERLY TO THE INTERSECTION OF THE SOUTHWESTERLY LINE OF HIGGINS ROAD WITH A LINE 194.49 FEET WEST OF AND PARALLEL WITH THE EAST LINE OF THE WEST HALF OF THE SOUTHEAST QUARTER OF SECTION 26 AFORESAID; 30. THENCE SOUTH ALONG SAID LINE 194.49 FEET WEST OF AND PARALLEL WITH THE EAST LINE OF THE WEST HALF OF THE SOUTHEAST QUARTER OF SECTION 26, TO THE NORTHERLY LINE OF LANDMEIER ROAD; 31. THENCE WESTERLY ALONG SAID NORTHERLY LINE OF LANDMEIER ROAD TO THE NORTHEASTERLY LINE OF THAT PART OF LOT 1 TAKEN FOR ROAD IN RBC TECH CENTER SUBDIVISION UNIT 2, A RESUBDIVISION OF LOT 2 BEING IN THE RESUDIVISION OF LOTS 1 & 2 IN EVERDING'S SUBDIVISION OF LOT 1 & PART OF LOT 3 IN ASSESSOR'S DIVISION OF THE WEST HALF OF THE SOUTHWEST QUARTER OF SECTION 26 AFORESAID; 32. THENCE NORTHWESTERLY ALONG SAID NORTHEASTERLY LINE OF THAT PART OF LOT 1 TAKEN FOR ROAD IN RBC TECH CENTER SUBDIVISION UNIT 2, TO THE EAST LINE OF BUSSE ROAD; 33. THENCE NORTH ALONG SAID EAST LINE OF BUSSE ROAD TO THE SOUTH LINE OF COMMERCE DRIVE IN FRISBIE SUBDIVISION OF PART OF LOT 2 IN ASSESSOR'S DIVISION AFORESAID; 34. THENCE EAST ALONG SAID SOUTH LINE OF COMMERCE DRIVE IN FRISBIE SUBDIVISION TO THE SOUTHWESTERLY LINE OF HIGGINS ROAD; 35. THENCE NORTHEASTERLY TO THE CENTER LINE OF HIGGINS ROAD; 36. THENCE NORTHWESTERLY ALONG SAID CENTER LINE OF HIGGINS ROAD TO A POINT 935 FEET SOUTHEASTERLY OF THE NORTH LINE OF SECTION 26 AFORESAID; 37. THENCE NORTH 49 DEGREES 25 MINUTES 49 SECONDS EAST AT RIGHT ANGLES TO SAID CENTER LINE 257.02 FEET; 38. THENCE NORTH 43 DEGREES 48 MINUTES 56 SECONDS EAST 92.50 FEET TO A LINE 82.5 FEET SOUTHWESTERLY OF AND PARALLEL WITH THE SOUTHWESTERLY LINE OF THE JANE ADAMS MEMORIAL TOLLWAY (INTERSTATE 90); 39. THENCE NORTHWESTERLY ON SAID LINE 82.5 FEET SOUTHWESTERLY OF AND PARALLEL WITH THE SOUTHWESTERLY LINE OF THE JANE ADAMS MEMORIAL TOLLWAY (INTERSTATE 90) TO THE NORTHWESTERLY LINE OF THE PARCEL OF LAND BEARING TAX IDENTIFICATION NUMBER 08-26-101-014; 40. THENCE SOUTHWESTERLY ALONG SAID NORTHWESTERLY LINE OF THE PARCEL OF LAND BEARING TAX IDENTIFICATION NUMBER 08-26- 101-014, THE FOLLOWING COURSES AND DISTANCES: SOUTH 49 DEGREES 30 MINUTES 28 SECONDS WEST, 25 FEET; SOUTH 36 DEGREES 10 MINUTES 27 SECONDS WEST, 33.70 FEET; THENCE SOUTH 49 DEGREES 25 MINUTES 49 SECONDS WEST, AT RIGHT ANGLES TO SAID CENTER LINE OF HIGGINS ROAD, 272.28 FEET; TO THE CENTER LINE OF HIGGINS ROAD; 41. THENCE NORTHWESTERLY ALONG SAID CENTER LINE OF HIGGINS ROAD TO THE NORTH LINE OF SECTION 26 AFORESAID; 42. THENCE EAST ALONG SAID NORTH LINE OF SECTION 26 TO THE SOUTHWESTERLY LINE OF THE JANE ADAMS MEMORIAL TOLLWAY (INTERSTATE 90); 43. THENCE NORTHWESTERLY ALONG SAID SOUTHWESTERLY LINE OF THE JANE ADAMS MEMORIAL TOLLWAY (INTERSTATE 90) TO THE NORTH LINE OF GARLAND C. RICHARDSON'S SUBDIVISION OF A PART OF THE SOUTHWEST QUARTER OF SECTION 23, TOWNSHIP 41 NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN; 44. THENCE WEST ALONG SAID NORTH LINE OF GARLAND C. RICHARDSON'S SUBDIVISION, TO THE EAST LINE OF BUSSE ROAD; 45. THENCE NORTH ALONG SAID EAST LINE OF BUSSE ROAD TO THE SOUTHWESTERLY LINE OF THE JANE ADAMS MEMORIAL TOLLWAY (INTERSTATE 90); 46. THENCE NORTHWESTERLY TO THE NORTHEAST CORNER OF LOT 1 IN TIMOTHY A. BUSSE'S SUBDIVISION, A SUBDIVISION OF PART OF THE EAST HALF OF THE SOUTHEAST QUARTER OF SECTION 22, TOWNSHIP 41 NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN, BEING ALSO THE SOUTHWESTERLY LINE OF A DRAINAGE EASEMENT, SAID SOUTHWESTERLY LINE BEING 50 FEET SOUTHWESTERLY OF AND PARALLEL WITH THE SOUTHWESTERLY LINE OF THE JANE ADAMS MEMORIAL TOLLWAY (INTERSTATE 90); 47. THENCE NORTHWESTERLY ALONG SAID SOUTHWESTERLY LINE OF DRAINAGE EASEMENT TO THE NORTHWESTERLY LINE OF SAID DRAINAGE EASEMENT, BEING PERPENDICULAR TO THE TO THE SOUTHWESTERLY LINE OF THE JANE ADAMS MEMORIAL TOLLWAY (INTERSTATE 90); 48. THENCE NORTHEASTERLY ALONG SAID NORTHWESTERLY LINE OF DRAINAGE EASEMENT TO THE SOUTHWESTERLY LINE OF THE JANE ADAMS MEMORIAL TOLLWAY (INTERSTATE 90); 49. THENCE NORTHWESTERLY ALONG SAID SOUTHWESTERLY LINE OF THE JANE ADAMS MEMORIAL TOLLWAY (INTERSTATE 90) TO A LINE 16.5 FEET SOUTH OF AND PARALLEL WITH THE SOUTH LINE OF THE NORTH 20 ACRES OF THE EAST HALF OF THE SOUTHEAST QUARTER OF SECTION 22 AFORESAID; 50. THENCE WEST ALONG SAID PARALLEL LINE 40.27 FEET TO THE EAST LINE OF LAND CONVEYED TO THE COMMONWEALTH EDISON COMPANY, BEING THE EAST LINE OF THE WEST 210 FEET OF THE EAST HALF OF THE SOUTHEAST QUARTER OF SECTION 22 AFORESAID; 51. THENCE SOUTH ALONG SAID EAST LINE OF THE WEST 210 FEET OF THE EAST HALF OF THE SOUTHEAST QUARTER OF SECTION 22 AFORESAID, 834.29 FEET TO THE CENTER LINE OF OLD HIGGINS ROAD (AS ORIGINALLY LOCATED); 52. THENCE SOUTHEASTERLY ALONG SAID CENTER LINE OF OLD HIGGINS ROAD (AS ORIGINALLY LOCATED) TO THE WEST LINE OF HERETOFORE VACATED OLD HIGGINS ROAD; 53. THENCE SOUTH ALONG SAID WEST LINE OF HERETOFORE VACATED HIGGINS ROAD TO THE NORTH LINE OF LOT 3 IN REGENT OFFICE CENTER PHASE II, A SUBDIVISION OF PART OF LOTS 2 & 3 IN ASSESSOR'S DIVISION OF THE EAST HALF OF THE SOUTHEAST QUARTER OF SECTION 22 AFORESAID; 54. THENCE WEST ALONG SAID NORTH LINE OF LOT 3 IN REGENT OFFICE CENTER PHASE II, TO THE EAST LINE OF THE WEST 210 FEET OF THE EAST HALF OF THE SOUTHEAST QUARTER OF SECTION 22 AFORESAID; 55. THENCE SOUTH ALONG SAID EAST LINE OF THE WEST 210 FEET OF THE EAST HALF OF THE SOUTHEAST QUARTER OF SECTION 22, TO THE CENTER LINE OF OAKTON STREET; 56. THENCE WEST ALONG SAID CENTER LINE OF OAKTON STREET TO THE EAST LINE OF THE NORTHWEST QUARTER OF SECTION 27, TOWNSHIP 41 NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN; 57. THENCE SOUTH ALONG SAID EAST LINE OF THE NORTHWEST QUARTER OF SECTION 27 TO THE NORTHEASTERLY EXTENSION OF THE SOUTHEASTERLY LINE OF THE COMMONWEALTH EDISON RIGHT OF WAY IN THE EAST HALF OF THE NORTHWEST QUARTER OF SECTION 27 AFORESAID; 58. THENCE SOUTHWESTERLY ALONG SAID NORTHEASTERLY EXTENSION AND SAID SOUTHEASTERLY LINE OF THE COMMONWEALTH EDISON RIGHT OF WAY IN THE EAST HALF OF THE NORTHWEST QUARTER OF SECTION 27, TO THE WEST LINE OF PAGNI'S THIRD ADDITION TO ELK GROVE VILLAGE, A SUBDIVISION OF PART OF THE EAST HALF OF THE NORTHWEST QUARTER AND PART OF THE WEST HALF OF THE NORTHEAST QUARTER OF SECTION 27, TOWNSHIP 41 NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN; 59. THENCE SOUTH ALONG SAID WEST LINE OF PAGNI'S THIRD ADDITION TO ELK GROVE VILLAGE AFORESAID TO THE WEST LINE OF HIGGINS INDUSTRIAL PARK UNIT SUBDIVISION IN THE EAST HALF OF THE EAST HALF OF THE NORTHWEST QUARTER OF SECTION 27, TOWNSHIP 41 NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN; 60. THENCE SOUTH ALONG SAID WEST LINE OF HIGGINS INDUSTRIAL PARK UNIT SUBDIVISION AFORESAID TO THE SOUTH LINE OF HIGGINS INDUSTRIAL PARK UNIT 67, IN THE NORTH HALF OF SECTION 27 AFORESAID; 61. THENCE EAST ALONG SAID SOUTH LINE OF HIGGINS INDUSTRIAL PARK UNIT 67, TO THE WEST LINE OF THE EAST HALF OF SECTION 27 AFORESAID; 62. THENCE SOUTH ALONG SAID WEST LINE OF THE EAST HALF OF SECTION 27 TO THE NORTH LINE OF THE SOUTH HALF OF SECTION 27 AFORESAID; 63. THENCE EAST ALONG SAID NORTH LINE OF THE SOUTH HALF OF SECTION 27 TO THE WEST LINE OF LIVELY BOULEVARD; 64. THENCE SOUTH ALONG SAID WEST LINE OF LIVELY BOULEVARD TO THE WESTERLY EXTENSION OF THE SOUTH LINE OF JARVIS AVENUE; 65. THENCE EAST ALONG SAID SOUTH LINE OF JARVIS AVENUE TO THE WEST LINE OF HIGGINS INDUSTRIAL PARK UNIT 119, A SUBDIVISION IN THE SOUTHEAST QUARTER OF SECTION 27 AFORESAID; 66. THENCE SOUTH ALONG SAID WEST LINE OF HIGGINS INDUSTRIAL PARK UNIT 119 TO THE SOUTH LINE OF HIGGINS INDUSTRIAL PARK UNITS 114, 111, 116 & 177 IN THE SOUTHEAST QUARTER OF SECTION 27 AFORESAID; 67. THENCE EAST ALONG THE SOUTH LINE OF HIGGINS INDUSTRIAL PARK UNITS 119, 111, 116 & 177 AFORESAID TO THE EAST LINE OF LOT 2 IN 3RD BONDIOLI SUBDIVISION, A RESUBDIVISION OF ALL OF 2"D BONDIOLI SUBDIVISION AND LOT 1 IN BONDIOLI SUBDIVISION IN THE NORTHEAST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 27 AFORESAID; 68. THENCE SOUTH ALONG SAID EAST LINE OF LOT 2 IN 3RD BONDIOLI SUBDIVISION TO THE NORTH LINE OF LANDMEIER ROAD; 69. THENCE WEST ALONG SAID NORTH LINE OF LANDMEIER ROAD TO THE NORTHERLY EXTENSION OF THE WEST LINE OF LOT 93 IN CENTEX INDUSTRIAL PARK UNIT 62, A SUBDIVISION IN SECTION 27 AFORESAID; 70. THENCE SOUTH ALONG SAID NORTHERLY EXTENSION AND THE WEST LINE OF LOT 93 IN CENTEX INDUSTRIAL PARK UNIT 62 AFORESAID TO THE NORTH LINE OF GELCO CORPORATIONS RESUBDIVISION OF THE NORTH 178.67 FEET OF LOT 100 IN CENTEX INDUSTRIAL PARK UNIT 69, IN SECTION 27 AFORESAID; 71. THENCE WEST ALONG SAID NORTH LINE OF GELCO CORPORATIONS RESUBDIVISION TO THE WEST LINE THEREOF, BEING ALSO THE WEST LINE OF LOT 100 IN CENTEX INDUSTRIAL PARK UNIT 69 AFORESAID; 72. THENCE SOUTH ALONG SAID WEST LINE OF LOT 100 IN CENTEX INDUSTRIAL PARK UNIT 69 TO THE NORTH LINE OF TOUHY AVENUE; 73. THENCE WEST ALONG SAID NORTH LINE OF TOUHY AVENUE TO THE SOUTHWEST CORNER OF CENTEX INDUSTRIAL PARK UNIT 166, IN SOUTHEAST QUARTER OF SECTION 27 AFORESAID; 74. THENCE SOUTHWESTERLY TO THE NORTHWEST CORNER OF WARNER-LAMBERT COMPANY SUBDIVISION IN THE NORTHEAST QUARTER OF SECTION 34, TOWNSHIP 41 NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN; 75. THENCE SOUTH ALONG THE WEST LINE OF WARNER-LAMBERT COMPANY SUBDIVISION AFORESAID, TO THE NORTH LINE OF ESTES AVENUE; 76. THENCE WEST ALONG SAID NORTH LINE OF ESTES AVENUE TO THE NORTHERLY EXTENSION OF THE WEST LINE OF KARPS 2ND RESUBDIVISION OF LOT 1 IN KARP'S RESUBDIVISION OF LOT 230 IN CENTEX INDUSTRIAL PARK UNIT 120, TOGETHER WITH LOT 122 IN CENTEX INDUSTRIAL PARK UNIT 88 IN THE NORTHEAST QUARTER OF SECTION 34 AFORESAID; 77. THENCE SOUTH ALONG SAID NORTHERLY EXTENSION AND THE WEST LINE OF KARPS 2ND RESUBDIVISION AFORESAID TO THE NORTH LINE OF CENTEX INDUSTRIAL PARK UNITS 53, 64 & 136 IN THE NORTHEAST QUARTER OF SECTION 34 AFORESAID; 78. THENCE EAST ALONG SAID NORTH LINE OF CENTEX INDUSTRIAL PARK UNITS 53, 64 & 136 AFORESAID TO THE EAST LINE OF SAID CENTEX INDUSTRIAL PARK UNIT 136; 79. THENCE SOUTH ALONG SAID EAST LINE OF CENTEX INDUSTRIAL PARK UNIT 136 TO THE NORTH LINE OF CENTEX INDUSTRIAL PARK UNIT 150 IN THE NORTHEAST QUARTER OF SECTION 34 AFORESAID; 80. THENCE EAST ALONG SAID NORTH LINE OF CENTEX INDUSTRIAL PARK UNIT 150 TO THE EAST LINE THEREOF; 81. THENCE SOUTH ALONG SAID EAST LINE OF CENTEX INDUSTRIAL PARK UNIT 150, AND THE SOUTHERLY EXTENSION THEREOF, TO THE SOUTH LINE OF GREENLEAF AVENUE; 82. THENCE EAST ALONG SAID SOUTH LINE OF GREENLEAF AVENUE TO THE WEST LINE OF LOT 290 IN CENTEX INDUSTRIAL PARK UNIT 170 IN THE NORTHEAST QUARTER OF SECTION 34 AFORESAID; 83. THENCE SOUTH ALONG SAID WEST LINE OF LOT 290 IN CENTEX INDUSTRIAL PARK UNIT 170 TO THE NORTH LINE OF LOT A IN CENTEX INDUSTRIAL PARK UNIT 170 AFORESAID; 84. THENCE WEST ALONG SAID NORTH LINE OF LOT A IN CENTEX INDUSTRIAL PARK UNIT 170 TO THE WEST LINE OF LOT A AFORESAID; 85. THENCE SOUTH ALONG SAID LOT A IN LOT A IN CENTEX INDUSTRIAL PARK UNIT 170 TO THE NORTH LINE OF CENTEX INDUSTRIAL PARK UNIT 57 IN THE NORTHEAST QUARTER OF SECTION 34 AFORESAID; 86. THENCE WEST ALONG SAID NORTH LINE OF CENTEX INDUSTRIAL PARK UNIT 57 TO THE NORTHEAST CORNER OF CENTEX INDUSTRIAL PARK UNIT 42 IN THE NORTHEAST QUARTER OF SECTION 34 AFORESAID; 87. THENCE WEST ALONG THE NORTH LINE OF CENTEX INDUSTRIAL PARK UNIT 42 AFORESAID TO THE WEST LINE OF SAID CENTEX INDUSTRIAL PARK UNIT 42; 88. THENCE SOUTH ALONG SAID WEST LINE, AND THE SOUTHERLY EXTENSION THEREOF, TO THE SOUTH LINE OF LUNT AVENUE; 89. THENCE EAST ALONG SAID SOUTH LINE OF LUNT AVENUE TO THE WEST LINE OF RUBINS RESUBDIVISION OF PART OF LOTS 370 & 371 IN CENTEX INDUSTRIAL PARK UNIT 225 IN THE SOUTHEAST QUARTER OF THE NORTHEAST QUARTER OF THE NORTHEAST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 34 AFORESAID; 90. THENCE SOUTH ALONG SAID WEST LINE OF RUBINS RESUBDIVISION TO THE SOUTH LINE THEREOF; 91. THENCE EAST ALONG THE SOUTH LINE OF RUBINS RESUBDIVISION AFORESAID TO THE WEST LINE OF BUSSE ROAD; 92. THENCE SOUTH ALONG SAID WEST LINE OF BUSSE ROAD TO THE NORTH LINE OF MORSE AVENUE; 93. THENCE WEST ALONG SAID NORTH LINE OF MORSE AVENUE TO THE WEST LINE OF THE EAST HALF OF THE SOUTHEAST QUARTER OF SECTION 34 AFORESAID, BEING ALSO THE WEST LINE OF THE 40 FOOT WIDE STRIP OF LAND DEDICATED FOR DRAINAGE PURPOSES; 94. THENCE SOUTH ALONG SAID WEST LINE OF THE EAST HALF OF THE SOUTHEAST QUARTER OF SECTION 34 TO THE WESTERLY EXTENSION OF THE NORTHERLY LINE OF CENTEX INDUSTRIAL PARK UNIT 22 IN SECTION 34 AFORESAID; 95. THENCE EAST AND SOUTHEASTERLY ALONG SAID NORTHERLY LINE OF CENTEX INDUSTRIAL PARK UNIT 22 TO THE SOUTH LINE THEREOF; 96. THENCE WEST ALONG SAID SOUTH LINE OF CENTEX INDUSTRIAL PARK UNIT 22 TO THE NORTHEAST CORNER OF CENTEX INDUSTRIAL PARK UNIT 21 IN SECTION 34 AFORESAID; 97. THENCE SOUTH ALONG THE EAST LINE OF CENTEX INDUSTRIAL PARK UNIT 21 TO THE NORTHWEST CORNER OF LOT A IN CENTEX INDUSTRIAL PARK UNIT 28 IN SECTION 34 AFORESAID; 98, THENCE EAST ALONG THE NORTH LINE OF SAID LOT A IN CENTEX INDUSTRIAL PARK UNIT 28 TO THE NORTHEAST CORNER OF LOT A IN CENTEX INDUSTRIAL PARK UNIT 28 AFORESAID; 99. THENCE SOUTH AND EASTERLY ALONG THE NORTHEASTERLY LINE OF LOT A IN CENTEX INDUSTRIAL PARK UNIT 28 AFORESAID TO THE WEST LINE OF BUSSE ROAD; 100. THENCE SOUTH ALONG SAID WEST LINE OF BUSSE ROAD TO THE NORTH LINE OF CENTEX INDUSTRIAL PARK UNIT 152 IN THE SOUTHEAST QUARTER OF SECTION 34 AFORESAID; 101. THENCE WEST ALONG SAID NORTH LINE OF CENTEX INDUSTRIAL PARK UNIT 152 TO THE WEST LINE THEREOF; 102. THENCE SOUTH ALONG SAID WEST LINE OF CENTEX INDUSTRIAL PARK UNIT 152 TO THE NORTH LINE OF ARTHUR AVENUE; 103. THENCE WEST ALONG SAID NORTH LINE OF ARTHUR AVENUE TO THE NORTHERLY EXTENSION OF THE MOST WEST LINE OF ENISCO IMPORTS CORP. SUBDIVISION, A RESUBDIVISION OF LOTS 1 & 2 IN GREAT -WEST INDUSTRIAL SUBDIVISION, A RESUBDIVISION OF PART OF LOT 269 IN CENTEX INDUSTRIAL PARK UNIT 151 IN THE SOUTHEAST QUARTER OF SECTION 34 AFORESAID; 104, THENCE SOUTH ALONG SAID NORTHERLY EXTENSION, AND THE MOST WEST LINE OF ENISCO IMPORTS CORP. SUBDIVISION AFORESAID TO THE NORTH MOST SOUTH LINE THEREOF; 105. THENCE EAST ALONG SAID NORTH MOST SOUTH LINE OF ENISCO IMPORTS CORP. SUBDIVISION, TO THE EAST MOST WEST LINE THEREOF; 106. THENCE SOUTH ALONG THE EAST MOST WEST LINE OF ENISCO IMPORTS CORP. SUBDIVISION AFORESAID, AND THE SOUTHERLY EXTENSION THEREOF, TO THE SOUTH LINE OF SECTION 34 AFORESAID; 107. THENCE EAST ALONG SAID SOUTH LINE OF SECTION 34 TO THE SOUTHWEST CORNER OF CENTEX INDUSTRIAL PARK UNIT 130; 108. THENCE NORTHEASTERLY TO THE SOUTHEAST CORNER OF THE 50 FOOT WIDE STRIP OF LAND DEDICATED FOR DRAINAGE PURPOSES IN CENTEX INDUSTRIAL PARK, A SUBDIVISION IN SECTION 35, TOWNSHIP 41 NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN; 109. THENCE NORTHWESTERLY ALONG THE EASTERLY LINE OF SAID 50 FOOT WIDE STRIP OF LAND DEDICATED FOR DRAINAGE PURPOSES IN CENTEX INDUSTRIAL PARK, TO THE SOUTH LINE OF LOT A IN CENTEX INDUSTRIAL PARK UNIT 108 IN THE SOUTH HALF OF THE SOUTHWEST QUARTER OF SECTION 35 AFORESAID; 110. THENCE WEST ALONG SAID SOUTH LINE OF LOT A IN CENTEX INDUSTRIAL PARK UNIT 108 TO THE SOUTHWEST CORNER THEREOF; 111. THENCE NORTH ALONG THE WEST LINE OF LOT A IN CENTEX INDUSTRIAL PARK UNIT 108 AFORESAID TO THE NORTHWEST CORNER THEREOF; 112. THENCE EAST ALONG THE NORTH LINE OF LOT A IN CENTEX INDUSTRIAL PARK UNIT 108 AFORESAID TO THE EASTERLY LINE OF THE 50 FOOT WIDE STRIP OF LAND DEDICATED FOR DRAINAGE PURPOSES IN CENTEX INDUSTRIAL PARK AFORESAID; 113. THENCE NORTH ALONG SAID EASTERLY LINE OF THE 50 FOOT WIDE STRIP OF LAND DEDICATED FOR DRAINAGE PURPOSES IN CENTEX INDUSTRIAL PARK TO THE NORTH LINE OF ARTHUR AVENUE; 114. THENCE EAST ALONG SAID NORTH LINE OF ARTHUR AVENUE TO THE EAST LINE OF LOT 209 IN CENTEX INDUSTRIAL PARK UNIT 106 IN THE SOUTH HALF OF THE SOUTHWEST QUARTER OF SECTION 35 AFORESAID; 115. THENCE NORTH ALONG SAID EAST LINE OF LOT 209 IN CENTEX INDUSTRIAL PARK UNIT 106 TO THE SOUTH LINE OF LOT N IN CENTEX INDUSTRIAL PARK, A SUBDIVISION IN SECTION 35 AFORESAID; 116. THENCE WEST ALONG SAID SOUTH LINE OF LOT N IN CENTEX INDUSTRIAL PARK TO THE EAST LINE OF BUSSE ROAD; 117. THENCE NORTH ALONG SAID EAST LINE OF BUSSE ROAD TO THE NORTH LINE OF LOT 1 IN THE RESUDIVISION OF LOT 2 IN HOLLANDER'S RESUBDIVISION OF THE WEST 405 FEET OF LOT 3 IN CENTEX INDUSTRIAL PARK AFORESAID; 118. THENCE EAST ALONG SAID NORTH LINE OF LOT 1 IN THE RESUDIVISION OF LOT 2 IN HOLLANDER'S RESUBDIVISION TO THE EAST MOST WEST LINE OF LOT 2 IN THE RESUDIVISION OF LOT 2 IN HOLLANDER'S RESUBDIVISION AFORESAID; 119. THENCE NORTH ALONG SAID EAST MOST WEST LINE OF LOT 2 IN THE RESUDIVISION OF LOT 2 IN HOLLANDER'S RESUBDIVISION TO THE SOUTH LINE OF PRATT BOULEVARD; 120. THENCE EAST ALONG SAID SOUTH LINE OF PRATT BOULEVARD TO THE EASTERLY LINE OF SAID 50 FOOT WIDE STRIP OF LAND DEDICATED FOR DRAINAGE PURPOSES IN CENTEX INDUSTRIAL PARK AFORESAID; 121. THENCE NORTH ALONG SAID THE EASTERLY LINE OF SAID 50 FOOT WIDE STRIP OF LAND DEDICATED FOR DRAINAGE PURPOSES IN CENTEX INDUSTRIAL PARK TO THE SOUTH LINE OF LOT W IN CENTEX INDUSTRIAL PARK AFORESAID; 122. THENCE WEST ALONG SAID THE SOUTH LINE OF LOT W IN CENTEX INDUSTRIAL PARK TO THE WEST LINE THEREOF; 123. THENCE NORTH ALONG SAID WEST LINE OF LOT W IN CENTEX INDUSTRIAL PARK TO THE NORTH LINE THEREOF; 124. THENCE EAST ALONG SAID NORTH LINE OF LOT W IN CENTEX INDUSTRIAL PARK TO THE WEST LINE OF THE EAST 1300 FEET OF LOT 17 IN CENTEX INDUSTRIAL PARK UNIT 3, BEING A SUBDIVISION IN SECTION 35, TOWNSHIP 41 NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN; 125. THENCE NORTH ALONG SAID WEST LINE OF THE EAST 1300 FEET OF LOT 17 IN CENTEX INDUSTRIAL PARK UNIT 3 TO THE SOUTH LINE OF LUNT AVENUE; 126. THENCE WEST ALONG SAID SOUTH LINE OF LUNT AVENUE TO THE EASTERLY LINE OF THE 40 FOOT WIDE STRIP OF LAND DEDICATED FOR DRAINAGE PURPOSES IN CENTEX INDUSTRIAL PARK, A SUBDIVISION IN SECTION 35 AFORESAID; 127. THENCE NORTH ALONG SAID EASTERLY LINE OF THE 40 FOOT WIDE STRIP OF LAND DEDICATED FOR DRAINAGE PURPOSES IN CENTEX INDUSTRIAL PARK TO THE NORTH LINE OF LUNT AVENUE; 128. THENCE WEST ALONG SAID NORTH LINE OF LUNT AVENUE TO THE EAST LINE OF GULLO/LUNT & 83 RESUBDIVISION OF LOT 400 IN CENTEX INDUSTRIAL PARK UNIT 247, A RESUBDIVISION OF THE WEST 404 FEET OF LOT 18 IN CENTEX INDUSTRIAL PARK UNIT 4, IN SECTION 35 AFORESAID; 129. THENCE NORTH ALONG SAID EAST LINE OF GULLO/LUNT & 83 RESUBDIVISION TO THE NORTH LINE THEREOF; 130. THENCE WEST ALONG THE NORTH LINE OF GULLO/LUNT & 83 RESUBDIVISION AFORESAID TO THE SOUTHERLY EXTENSION OF THE WEST LINE OF THE EAST 553.10 FEET OF LOT 19 IN CENTEX INDUSTRIAL PARK UNIT 4 AFORESAID; 131. THENCE NORTH ALONG SAID SOUTHERLY EXTENSION, AND THE WEST LINE OF THE EAST 553.10 FEET OF LOT 19 IN CENTEX INDUSTRIAL PARK UNIT 4, TO THE SOUTH LINE OF GREENLEAF AVENUE; 132. THENCE NORTH TO THE SOUTHWEST CORNER OF CENTEX INDUSTRIAL PARK UNIT 5, IN SECTION 35 AFORESAID; 133. THENCE NORTH ALONG THE EAST MOST WEST LINE OF CENTEX INDUSTRIAL PARK UNIT 5 AFORESAID, AND THE NORTHERLY EXTENSION THEREOF, TO THE NORTH LINE OF ESTES AVENUE; 134. THENCE EAST ALONG SAID NORTH LINE OF ESTES AVENUE TO THE EAST LINE OF THE WEST 1230.0 FEET OF LOT 29 IN CENTEX INDUSTRIAL PARK UNIT 5 AFORESAID; 135. THENCE NORTH ALONG SAID EAST LINE OF THE WEST 1230.0 FEET OF LOT 29 IN CENTEX INDUSTRIAL PARK UNIT 5 TO THE SOUTH LINE OF LOT D IN CENTEX INDUSTRIAL PARK UNIT 5 AFORESAID; 136. THENCE WEST AND NORTHWESTERLY ALONG SAID SOUTH LINE OF LOT D IN CENTEX INDUSTRIAL PARK UNIT 5 TO THE NORTH LINE THEREOF; 137. THENCE EAST AND SOUTHEASTERLY ALONG SAID NORTH LINE OF LOT D IN CENTEX INDUSTRIAL PARK UNIT 5 TO THE EAST LINE THEREOF; 138. THENCE SOUTHEASTERLY AND SOUTH ALONG SAID EAST LINE OF LOT D IN CENTEX INDUSTRIAL PARK UNIT 5 TO THE NORTH LINE OF GREENLEAFAVENUE; 139. THENCE WEST ALONG SAID NORTH LINE OF GREENLEAF AVENUE TO THE WEST LINE OF NICHOLAS BOULEVARD; 140. THENCE SOUTH ALONG SAID WEST LINE OF NICHOLAS BOULEVARD TO THE NORTH LINE OF LOT M IN CENTEX INDUSTRIAL PARK UNIT 3 IN SECTION 35 AFORESAID; 141. THENCE EAST AND SOUTHEASTERLY ALONG SAID NORTH LINE OF LOT M IN CENTEX INDUSTRIAL PARK UNIT 3 TO THE EAST LINE OF LOT M AFORESAID; 142. THENCE SOUTHEASTERLY AND SOUTH ALONG SAID EAST LINE OF LOT M IN CENTEX INDUSTRIAL PARK UNIT 3 TO THE SOUTH LINE OF THE NORTHEAST QUARTER OF SECTION 35 AFORESAID; 143. THENCE WEST ALONG THE SOUTH LINE OF THE NORTHEAST QUARTER OF SECTION 35 AFORESAID, 25 FEET TO THE WEST LINE OF LOT M IN CENTEX INDUSTRIAL PARK UNIT 3 AFORESAID; 144. THENCE NORTH AND NORTHWESTERLY ALONG SAID WEST LINE OF LOT M IN CENTEX INDUSTRIAL PARK UNIT 3 TO THE NORTHERN MOST SOUTH LINE OF LOT M AFORESAID; 145. THENCE NORTHWESTERLY AND WEST ALONG SAID NORTHERN MOST SOUTH LINE OF LOT M IN CENTEX INDUSTRIAL PARK UNIT 3 TO THE WEST LINE OF NICHOLAS BOULEVARD; 146. THENCE SOUTH ALONG SAID WEST LINE OF NICHOLAS BOULEVARD TO THE SOUTH LINE OF POLAK'S FRUTAL WORKS RESUBDIVISION OF PART OF LOT 17 IN CENTEX INDUSTRIAL PARK UNIT 3, IN SECTION 35 AFORESAID; 147. THENCE WEST ALONG SAID SOUTH LINE OF POLAK'S FRUTAL WORKS RESUBDIVISION TO THE EAST LINE OF ROLLEX CORP. RESUBDIVISION OF PART OF LOT 17 IN CENTEX INDUSTRIAL PARK UNIT 3 AFORESAID; 148. THENCE SOUTH ALONG SAID EAST LINE EAST LINE OF ROLLEX CORP. RESUBDIVISION AND THE SOUTHERLY EXTENSION THEREOF, TO THE NORTH LINE OF LOT W IN CENTEX INDUSTRIAL PARK IN SECTION 35 AFORESAID; 149. THENCE EAST ALONG SAID NORTH LINE OF LOT W IN CENTEX INDUSTRIAL PARK TO THE EAST LINE OF THE SOUTHWEST QUARTER IN SECTION 35 AFORESAID; 150. THENCE SOUTH ALONG SAID EAST LINE OF THE SOUTHWEST QUARTER IN SECTION 35 TO THE SOUTH LINE OF LOT F IN CENTEX INDUSTRIAL PARK UNIT 2, IN SECTION 35 AFORESAID; 151. THENCE EAST ALONG SAID SOUTH LINE OF LOT F IN CENTEX INDUSTRIAL PARK UNIT 2 TO THE WEST LINE OF NICHOLAS BOULEVARD; 152. THENCE SOUTH ALONG SAID WEST LINE OF NICHOLAS BOULEVARD TO THE NORTH LINE OF PRATT BOULEVARD; 153. THENCE WEST ALONG SAID NORTH LINE OF PRATT BOULEVARD TO THE WEST LINE OF THE SOUTHEAST QUARTER OF SECTION 35 AFORESAID; 154. THENCE SOUTH ALONG SAID WEST LINE OF THE SOUTHEAST QUARTER OF SECTION 35 TO THE SOUTH LINE OF PRATT BOULEVARD; 155. THENCE EAST ALONG SAID SOUTH LINE OF PRATT BOULEVARD TO THE WEST LINE OF LOT F IN CENTEX INDUSTRIAL PARK UNIT 2 AFORESAID; 156. THENCE SOUTH AND SOUTHWESTERLY ALONG SAID WEST LINE OF LOT F IN CENTEX INDUSTRIAL PARK UNIT 2 TO THE NORTH MOST NORTHEAST CORNER OF LOT G IN CENTEX INDUSTRIAL PARK UNIT 2; 157, THENCE SOUTH TO THE SOUTHWEST CORNER OF LOT 10 CENTEX INDUSTRIAL PARK UNIT 2 AFORESAID; 158. THENCE EAST ALONG THE SOUTH LINE OF LOT 10 AND THE EASTERLY EXTENSION THEREOF TO THE EAST LINE OF LOT G IN CENTEX INDUSTRIAL PARK UNIT 2 AFORESAID; 159. THENCE SOUTH ALONG SAID EAST LINE OF LOT G IN CENTEX INDUSTRIAL PARK UNIT 2 TO THE SOUTH LINE OF LOT G AFORESAID; 160. THENCE WEST ALONG SAID SOUTH LINE OF LOT G IN CENTEX INDUSTRIAL PARK UNIT 2 TO THE EAST LINE OF LOT 73 IN CENTEX INDUSTRIAL PARK UNIT 8, IN SECTION 35 AFORESAID; 161. THENCE SOUTH ALONG EAST LINE OF LOT 73 IN CENTEX INDUSTRIAL PARK UNIT 8 TO THE NORTH LINE OF CENTEX INDUSTRIAL PARK UNIT 15, BEING A RESUBDIVISION OF LOTS 61 TO 72 AND LOT A IN CENTEX INDUSTRIAL PARK UNIT 7, IN SECTION 35 AFORESAID; 162. THENCE EAST ALONG SAID NORTH LINE OF CENTEX INDUSTRIAL PARK UNIT 15 AND THE EASTERLY EXTENSION THEREOF TO THE NORTHEASTERLY LINE OF LOT A CENTEX INDUSTRIAL PARK UNIT 11 AFORESAID; 163. THENCE SOUTHEASTERLY ALONG SAID NORTHEASTERLY LINE OF LOT A CENTEX INDUSTRIAL PARK UNIT 11 TO THE NORTH LINE OF ARTHUR AVENUE; 164. THENCE SOUTH TO THE SOUTHEASTERLY LINE OF LOT A IN CENTEX INDUSTRIAL PARK UNIT 11, IN SECTION 35 AFORESAID; 165. THENCE SOUTHWESTERLY ALONG SAID SOUTHEASTERLY LINE OF LOT A IN CENTEX INDUSTRIAL PARK UNIT 11 TO THE WEST LINE OF LOT 138 IN CENTEX INDUSTRIAL PARK UNIT 11 AFORESAID; 166. THENCE SOUTH ALONG SAID WEST LINE OF LOT 138 IN CENTEX INDUSTRIAL PARK UNIT 11 TO THE EASTERLY EXTENSION OF THE SOUTH LINE OF LOT A CENTEX INDUSTRIAL PARK UNIT 11 AFORESAID; 167. THENCE EAST ALONG SAID EASTERLY EXTENSION OF THE SOUTH LINE OF LOT A CENTEX INDUSTRIAL PARK UNIT 11 TO THE FAST LINE OF THE WEST 20 FEET OF LOT 138 CENTEX INDUSTRIAL PARK UNIT 11 AFORESAID; 168. THENCE SOUTH ALONG SAID EAST LINE OF THE WEST 20 FEET OF LOT 138 CENTEX INDUSTRIAL PARK UNIT 11, AND THE SOUTHERLY EXTENSION THEREOF, TO THE SOUTH LINE OF SECTION 35 AFORESAID, BEING ALSO THE SOUTH LINE OF CENTEX INDUSTRIAL PARK UNIT 11 AFORESAID, BEING ALSO THE CENTER LINE OF DEVON AVENUE; 169. THENCE EAST ALONG SAID SOUTH LINE OF SECTION 35 TO THE POINT OF BEGINNING AT THE SOUTHEAST CORNER THEREOF, BEING ALSO THE SOUTHEAST CORNER OF CENTEX INDUSTRIAL PARK UNIT 11, A SUBDIVISION IN SECTION 35, TOWNSHIP 41 NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN, BEING ALSO THE POINT OF INTERSECTION OF THE CENTER LINE OF DEVON AVENUE WITH THE CENTER LINE OF ELMHURST ROAD; 170. ALL IN COOK COUNTY, ILLINOIS. Exhibit B FORM OF NOTICE OF PUBLIC HEARING VILLAGE OF ELK GROVE, ILLINOIS PROPOSED ADOPTION OF REDEVELOPMENT PLAN AND PROJECT AND DESIGNATION OF A REDEVELOPMENT PROJECT AREA The Village of Elk Grove Village ("Village") is considering the adoption of a Redevelopment Plan and Project ("Plan") and the designation of a Redevelopment Project Area ("Project Area") pursuant to the Illinois Tax Increment Allocation Act (65 ILCS 5/Art. 11 Div. 74.4). A map depicting the boundaries of the proposed Project Area is attached. The Village is considering adopting the Plan and designating the Project Area to remove certain conditions that, without intervention, will lead to blight within the Project Area, and have a negative impact on the Village's and other taxing districts' tax base and the overall health, welfare and safety of the Village. The Act allows for the Village to use tax increment financing ("TIF") to freeze the equalized assessed value within the Area and to pay for certain improvements ("Improvements"). The Village can then use the increase in the equalized assessed value over and above the original base to defray the costs of the Improvements. The Village believes that adopting TIF will result in an increase of the assessed value and decrease vacancies within the Project Area, which will alleviate potentially blighting conditions and protect the Village's tax base. On February 11, 2014, at 6:00 P.M., the Village will hold a public hearing on the Plan at the Charles J. Zettek Municipal Complex, 901 Wellington Avenue, Elk Grove Village, Illinois. All interested parties will be given the opportunity to comment on the Plan. Written comments may also be submitted in writing prior to the hearing. Comments should be addressed to the Office of the Village Clerk, 901 Wellington Avenue, Elk Grove Village, IL 60007. There is a copy of the Plan on file at the Village Clerk's office which is available for public inspection. If you have any questions, please contact the Clerk's office at (847) 357-4040. REDEVELOPMENT PROJECTAREA BOUNDARY C_at7_IICOS BUSSE-ELMHURSTTIF FIGURE? W ELK GROVE VILLAGE, IL