R-76-04 11/22/2004RESOLUTION
A RESOLUTION ENTERING INTO AN AGREEMENT WITH
EHLERS & ASSOCIATES INC. FOR A
TIF DISTRICT DEVELOPMENT AND QUALIFICATION
WHEREAS, the VILLAGE OF LEMONT, Cook, Will & DuPage Counties, Illinois, adopted a Tax
Increment Redevelopment Plan and Redevelopment Project for the Downtown Redevelopment Project Area by
Ordinance No. 690, dated May 28, 1991; and
WHEREAS, the VILLAGE OF LEMONT, Cook, Will & DuPage Counties, Illinois, adopted Tax Increment
Allocation Financing for the Downtown Redevelopment Project Area by Ordinance No. 691, dated May 28,
1991; and
WHEREAS, the VILLAGE OF LEMONT, Cook, Will & DuPage Counties Illinois, desires to create a new
Tax Increment Redevelopment Plan and Redevelopment Project from a portion of the Downtown
Redevelopment Project Area to be known as the Downtown Canal District I Redevelopment Project Area as
described in Resolution No. 72 -04, dated November 4, 2004:
NOW THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND MEMBERS OF THE BOARD
OF TRUSTEES OF THE VILLAGE OF LEMONT, COOK , WILL & DU PAGE COUNTIES, ILLINOIS
that:
Section 1: Incorporation of Recitals: The foregoing recitals are hereby expressly incorporated into and made a
part of this Resolution as if fully set forth herein.
Section 2: The Village Administrator is authorized to execute the Memorandum of Understanding with Ehlers
& Associates, Inc. attached hereto as Exhibit "A ".
Section 3: Effective Date: This Resolution shall become effective upon passage, approval and publication, in
Book and Pamphlet form as provided by law.
PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE
VILLAGE OF LEMONT, COOK, WILL AND DU PAGE COUNTIES ILLINOIS on this
.2a. -,d. Day of ?1- 0..,,, -m r/, 2004
Debby Blatzer
Peter Coules
Brian Reaves
Steven Rosendahl
Ronald Stapleton
Jeanette Virgilio
Attest:
AYES NAYS PASSED ABSENT
V
JOHN F. PIAZZA, Village Presi
NE SMOLLEN, Village Clerk
November 3, 2004
Mayor John Piazza
Village Administrator Gary Holmes
418 Main St.
Lemont, IL 60439
Dear Mayor Piazza and Administrator Holmes:
EHLERS
& ASSOCIATES INC
Enclosed is a Proposal for Ehlers and Associates to undertake the development of a Tax
Increment Financing District in the Village of Lemont. Please .note that I will undertake
an initial review of the proposed redevelopment project area. Should I feel that the
project cannot qualify, I will suspend activities and there will be no charge to the Village.
In all cases, heretofore, this review has resulted in a correct interpretation. However,
should I find that the Project appears to meet the criteria of the law, but after further work
find that the project cannot qualify, I will suspend efforts and bill the community at my
ongoing rate of $175 not to exceed $5,000.
Should you have any questions regarding the proposal, please feel free to contact me. I
look forward to working with you and the Village.
Sincerely,
Beth Ruyle
Executive Vice President/Director
Ehlers & Associates, Inc.
PRACTICAL FINANCIAL SOLUTIONS FOR BETTER COMMUNITIES
Equal Opportunity Employer
Charter Member el the National Association
of Independent Public Finance Advisors
550 Warrenville Road, Suite 220, Lisle, IL 60532 630.271.3330 fax 630.271.3369 www.ehlers - inc.com
Proposal Contents
Firm Name and Address
Ehlers & Associates, Inc.
550 Warrenville Road, Suite 220
Lisle, IL 60532
Proposal Contact
Beth Ruyle
Phone 630.271 -3332
FAX 630.271 -3369
E -Mail bruyle @ ehlers-inc. com
Section
Proposal Summary and Fees 1
Firm Profile and Experience 5
Staffing 12
References 16
Proposal for Services
Tax Increment Financing District
Development and Qualification
Village of Lemont, Illinois
SERVICES TO BE PROVIDED BY EHLERS & ASSOCIATES, INC.
Ehlers & Associates, Inc. will provide the following services in the qualification of the Village of
Lemont's TIF District. All services will be performed in conjunction with designated staff of the
Village and the community's designated TIF attorney. All attorney expenses are to be assumed
by the Village.
Phase I- Initial Protect Review / Prepare Eligibility Plan
Meet with the community to explore the feasibility of TIF as a financial tool:
► Review the project area to ascertain project parameters and determine whether it appears
to qualify under the standard for Illinois Tax Increment Financing Law.
► Establish Project Area Boundary. The Village will provide the Legal Description for the
boundary of the proposed Redevelopment Project Area. The Village will confirm the
PIN's to be included in the Project Area Boundary.
► Review each new parcel according to the criteria set forth in the Illinois Tax Increment
Law.
► Document all criteria related to each parcel.
► Determine if, and under what category, the area qualifies as a TIF.
► If a certified Engineer's statement is necessary to determine chronic flooding, the Village
will be responsible for obtaining that statement.
► Prepare study documenting the findings according to the Illinois Tax Increment Law.
Phase II- Prepare Project Redevelopment Plan
► Prepare Project Redevelopment Goals and Objectives in conjunction with the Village's
Comprehensive Plan.
► Develop revenue estimates, program costs, and plan budget.
► Prepare legal certifications under the law.
► Project EAV and Tax Increment for the Project Area.
► Prepare Project Redevelopment Plan.
Village of Lemont Page 1
Phase III - Adoption of Project
► Attend and make presentations at all public meetings and provide guidance to the Village
in the public participation process.
► Confer with the TIF Attorney on the construction of adoption timeline.
► Attend and make presentations at Joint Review Board Meeting.
► Attend and make presentations at appropriate Council meetings.
► Unless otherwise arranged, the Village will be responsible for all notifications to the
public, residents, property owners, and publications. Ehlers will furnish copies of notices
and advertisements, if requested.
Phase IV- Approval of TIF District
► Provide project plan amendments, if required as the result of the Joint Review Board or
public participation process.
► Assist the community in submitting all forms and data based on information in the report
to the County Clerk to determine the most recent Equalized Assessed Value of each
parcel or the "frozen base" for the base value for the TIF District.
► Assist the community in submitting required information to the Illinois Department of
Commerce and Community Affairs.
Fee: $25,000
Phase IA- Prepare Housing Impact Statement/Feasibility Study
► If in the initial review of the project to determine eligibility, it is determined that there
will be more than nine housing relocations and more than 74 residents in the area to
prepare a Housing Impact Study to include the following: number of residents, number of
residents to be relocated, number of low and moderate income residents, and relocation
plan.
► Feasibility Study project possible TIF revenues to determine that the TIF will be effective.
► Prepare reports.
Fee: $10,000
Village of Lemont Page 2
E'!
Duties of the Village
The Village will authorize and direct its administration, attorneys, bond counsel, accountants,
engineers, architects, actuaries, and other consultants to prepare and furnish such information as
may be reasonably necessary for Ehlers to carry out its duties and obligations, all at no cost to
Ehlers.
Respectfully submitted
By:
The Village of Lemont, Illinois hereby accepts the above Proposal for the TIF District
Development and Qualification by its authorized officers, this day of
2004.
Attest Bv:
Village of Lemont Page 3