R-70-10 Res. Public Information Mtg. Downtown TIFRESOLUTION Rio " �0
RESOLUTION SETTING THE TIME AND DATE OF THE
PUBLIC INFORMATION MEETING CONCERNING
THE AMENDMENT TO THE DOWNTOWN TIF DISTRICT
JANUARY 4, 2011 - 7:00 P.M.
WHEREAS, the Village of Lemont created the Downtown TIF in 1991 and adopted a
Redevelopment Plan; and
WHEREAS, the Village of Lemont has determined that the Redevelopment Plan as adopted requires
amendment to certain sections of the Plan; and
WHEREAS, state law requires a Public Information Meeting as part of the amendment process.
NOW, THEREFORE BE IT RESOLVED by the President and Board of Trustees of the Village of
Lemont that:
SECTION 1:
The Public Information Concerning the Amendment to the Downtown TIF District shall be held on
January 4, 2011 at 7:00 p.m. in the Board Room at the Lemont Village Hall, 418 Main Street, Lemont, IL
60439. All required publications and notifications of said meeting are hereby ordered to reflect said time
and place.
PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE
VILLAGE OF LEMONT, COUNTIES OF COOK, WILL, AND DU PAGE, ILLINOIS, on this 22nd
day of November , 2010.
Debby Blatzer
Paul Chialdikas
Clifford Miklos
Brian Reaves
Rick Sniegowski
Jeanette Virgilio
AT EST:
CHARLENE SMOLLEN, Village Clerk
AYES NAYS PASSED ABSENT
BRIAN K. REAVES, V'
VILLAGE OF LEMONT, ILLINOIS
NOTICE OF PUBLIC MEETING
WHEREAS, the Village of Lemont, Illinois (the "Municipality ") is considering a proposal to amend the
redevelopment plan and the redevelopment project for the redevelopment project area, know as the "Downtown
Redevelopment Project Area" (the "Redevelopment Project Area:" See Exhibit A.), which is reasonably
expected to contain more than 74 inhabited residential units and is reasonably expected to result in the
displacement of residents from 10 or more inhabited residential units as referenced in Section 11- 74.4- 4.1(b) of
the Tax Increment Allocation Redevelopment Act (65 ILCS 5/11- 74.4 -1 et seq., the "TIF Act ").
WHEREAS, by Resolution No. , adopted November 22, 2010, the President and Board of Trustees
authorized and directed that a "feasibility study" be prepared with respect to the Redevelopment Project Area as
a redevelopment project area under the TIF Act, and amendments to the redevelopment plan and redevelopment
project, which feasibility study shall include the preparation of a "housing impact study" under Section 11-74.4 -
3(n)(5) of the TIF Act, and authorized the "meeting" required by Section 11- 74.4 -6(e) of the TIF Act to be
conducted by the Municipality's Village Administrator.
Meeting Date and Time. The meeting will be at the Village Building in the President and Board of Trustees
meeting room at 418 Main Street, in Lemont, Illinois at 7:00 pm. on Tuesday, January 4, 2011.
Boundaries. The boundaries of the Redevelopment Project Area are generally set forth in Exhibit A to this
notice.
Redevelopment Plan / Project Purposes. The purposes of the proposed redevelopment plan and redevelopment
project for the Redevelopment Project Area very generally are as follows:
The Redevelopment Project Area is characterized as an area of the Municipality that is endangered by the
presence of blight / conservation area factors that impair the value of private investments and threaten the
sound growth and the tax base of taxing districts in the Area. The purposes of the redevelopment plan and
project are to eradicate blight / conservation area conditions; to alleviate conditions that may become
blighted that are detrimental to the public safety, health, morals or welfare; to retain and create employment
opportunities; to improve and add to the inventory of residential units; to make public investments that will
encourage private investment to restore and enhance the tax base of taxing districts within the
Redevelopment Project Area; to provide private incentives such as interest subsidies, to acquire, construct
(which includes repair, remodeling and rehabilitation) and install public facilities and improvements; and to
encourage private development of residential, business, commercial and industrial improvements and
facilities.
TIF General Description. Tax increment financing in Illinois provides a means for municipalities, after the
approval of a redevelopment plan and redevelopment project, designation of a redevelopment project area and
adoption of tax increment finance ( "TIF "), to redevelop blighted areas, conservation areas, industrial park
conservation areas, or a combination of these types of areas by capturing the anticipated increase in tax revenues
generated by natural increases in equalized assessed value ( "EAV ") and by private development resulting in an
increased EAV to pay for certain redevelopment project costs incurred. Tax increment financing is authorized in
Illinois by the Tax Increment Allocation Redevelopment Act (65 ILCS 5/11- 74.4 -1 et seq., the "TIF Act "). This
works generally in the following way: (i) An initial equalized assessed value (the "Initial EAV" of all taxable
property in the redevelopment project area is determined by the Cook County Clerk (the end line Redevelopment
Project Area is in Cook County) as of the date of adoption of TIF; (ii) all taxes after such date attributable to the
increase in EAV over the Initial EAV is deposited into a separate fund (the special tax allocation fund)
administered by the Municipality to pay qualifying redevelopment project costs under the TIF Act; and (iii) all
taxes after such date attributable to the then applicable EAV up to the initial EAV are paid to taxing districts in
the ordinary way. To implement TIF the TIF Act requires, among other things, a number of public meetings and
public hearings, with mailed and published notices. The Municipality will follow these and other applicable
required procedures, which are detailed in the TIF Act.
The TIF Act allows the use of incremental property taxes to pay certain redevelopment project costs or to pay
debt service with respect to tax increment revenue or general obligations issued to pay redevelopment project
costs. Pursuant to the TIF Act the Municipality is authorized to issue obligations payable from and secured by
incremental property tax revenues expected to be generated in the Redevelopment Project Area. Incremental
property taxes are not available for general operations of the Municipality or any underlying or overlapping taxing
districts for the life of the Redevelopment Project Area except for any excess of such incremental property taxes
in any year declared as surplus for distribution to such taxing districts. Qualifying redevelopment project costs as
outlined in Section 11- 74.4 -3(q) of the TIF Act to be applied with the Redevelopment Project Area include, but
are not limited to:
1. Costs of studies, administration and professional services;
2. Costs of marketing sites;
3. Property assembly, demolition, site preparation and environmental site improvement costs;
4. Costs of rehabilitation, reconstruction, repair or remodeling and replacement of existing private and
public buildings;
5. Costs of construction of public works facilities and improvements and, as applicable, required payments
under Section 11- 74.4 -7.1 of the TIF Act;
6. Costs of removing contaminants required by environmental laws or rules;
7. Costs of job training and retraining, including "welfare to work" programs;
8. Financing costs;
9. Approved capital costs;
10. Costs of reimbursing school districts for their increased costs caused by TIF assisted housing projects
under Section 11- 74.4- 3(q)(7.5) of the TIF Act;
11. Relocation costs as required by TIF Act;
12. Payments in lieu of taxes;
13. Costs of job training, retraining advanced vocational or career education provided by other taxing bodies;
14. Costs of reimbursing private developers for interest expenses incurred on approved redevelopment
projects; and
15. Costs of construction of new housing units for low income and very low - income households.
Contact. The Village Administrator has been designated by the President and Board of Trustees to be the
municipal officer, who can be contacted for additional information about the proposed redevelopment project area
and who will receive all comments and suggestions regarding the redevelopment of the Redevelopment Project
Area being studied. The name, address and phone number of the Municipality's contact for additional information
is:
Ben Wehmeier
Village of Lemont
Village Administrator
418 Main Street
Lemont, Illinois 60439 -3708
Tel: (630) 257 -1550 / Fax: 257 -1598
Opportunity to be Heard. All interested persons will be given an opportunity to be heard at the meeting.
/s/ Charlene M. Smollen /s/ Ben Wehmeier
Village Clerk Village Administrator
EXHIBIT A
DOWNTOWN REDEVELOPMENT PROJECT AREA
Generic Boundaries
The Downtown Lemont Amended Redevelopment Project Area, as previously
amended, is generally bounded by the area starting at the intersection of New Avenue and
Lockport Street. The boundaries run southeast along Lockport Street to an alley between Illinois
Street and Cass Street. They then run northwest along the alley to Lemont Street. The
boundaries then turn southeast along Lemont Street to Cass Street, where they turn northeast
along Cass Street to Stephen Street. At Stephen Street, the boundaries turn northwest to Illinois
Street. They then turn northeast along Illinois Street to the intersection with Main Street. The
boundaries then turn north to the northeast corner of the I & M Canal parcel. The boundaries
then turn westerly along the northern property lines of three parcels that are just north of the I &
M Canal parcels to the alley east of Stephen Street. The boundaries then turn northwest to the
end of the alley. The boundaries then turn southwest to the A.T. & S.F. Railroad. The boundaries
then follow Stephen Street southeast to parcel 22 -20- 404 -012. They then turn northwest and
follow the northern lot lines of parcels fronting on the north side of Canal Street. They turn south
and follow the west lot line of parcel 22 -20- 404 -006 to Canal Street. The boundaries go southwest
along Canal Street to Lemont Street. The boundaries then turn southeast along Lemont Street to
the G.M. & O. Railroad. The boundaries follow the G.M. & O. Railroad southwesterly to State
Street. At State Street, the boundaries turn southeast to New Avenue. The boundaries then turn
northwest along New Avenue to Lockport Street.
LEGAL DESCRIPTION FOR AMENDMENT TO ORDINANCE 689
THAT PART OF THE SOUTH HALF OF SECTION 20, TOWNSHIP 37 NORTH,
RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN, DESCRIBED AS FOLLOWS:
BEGINNING AT THE NORTHEAST CORNER OF SAID SOUTH HALF OF SECTION 20;
THENCE WEST ALONG THE NORTH LINE OF SAID SOUTH HALF (ALSO BEING THE
NORTH LINE OF LOT 1 IN COUNTY CLERK'S DIVISION OF SECTION 20) A DISTANCE OF
1460 FEET MORE OR LESS TO A BEND IN SAID LOT 1; THENCE SOUTHWESTERLY 960
FEET ALONG THE NORTHWESTERLY LINE OF LOTS 1 AND 2 IN SAID COUNTY
CLERK'S DIVISION TO A NORTH -SOUTH ALLEY IN SINGER AND TALCOTT'S STONE
COMPANY SUBDIVISION; THENCE NORTHWESTERLY 180 FEET MORE OR LESS TO
THE SOUTH LINE OF LOT 209 IN SANITARY DISTRICT TRUSTEE'S SUBDIVISION IN
SAID SECTION 20; THENCE SOUTHWEST 140 FEET ALONG LAST SAID SOUTH LINE TO
THE SOUTHEASTERLY LINE OF ATCHISON, TOPEKA AND SANTA FE RAILROAD
RIGHT -OF -WAY; THENCE SOUTHWESTERLY ALONG LAST SAID RIGHT -OF -WAY LINE
TO THE WESTERLY LINE OF STEPHEN STREET; THENCE SOUTHEASTERLY ALONG
THE WESTERLY LINE OF STEPHEN STREET TO THE NORTH LINE OF LOTS 6 THRU 10
OF BLOCK 28 IN THE VILLAGE OF KEEPOTAW, A PART OF THE EAST 1/2 OF THE
SOUTHEAST 1/4 OF SAID SECTION 20; THENCE WEST ALONG THE NORTH LINE OF
SAID LOTS 6 THRU 10 AND ITS WEST EXTENSION TO THE EAST LINE OF LOT 17 IN
COUNTY CLERK'S DIVISION, A SUBDIVISION IN THE SOUTH 1/2 OF SAID SECTION 20;
THENCE SOUTH ALONG THE EAST LINE OF SAID LOT 17 TO THE NORTH LINE OF
CANAL STREET; THENCE WEST ALONG THE NORTH LINE OF CANAL STREET TO THE
SOUTHEAST CORNER OF LOT 1 IN VILLAGE OF LEMONT, BEING A SUBDIVISION IN
THE SOUTH 1/2 OF SAID SECTION 20; THENCE SOUTHERLY ALONG THE SOUTHERLY
EXTENSION OF THE EAST LINE OF SAID LOT 1 AND ALONG THE EAST LINE OF BLOCK
10 IN SAID VILLAGE OF LEMONT TO A POINT ON A LINE PARALLEL AND
CONCENTRIC WITH AND 25 FEET NORTHERLY FROM THE SOUTH BOUND MAIN
TRACK OF THE ILLINOIS CENTRAL RAILROAD COMPANY; THENCE WESTERLY
ALONG THE LAST DESCRIBED LINE TO THE EAST LINE OF THE EAST 1/2 OF THE
SOUTHWEST 1/4 OF SAID SECTION 20; THENCE SOUTH ALONG THE LAST DESCRIBED
LINE TO THE WEST LINE OF LOTS 1 THRU 14 INCLUSIVE IN BLOCK 10 IN SAID
VILLAGE OF LEMONT; THENCE WESTERLY ALONG THE LAST DESCRIBED LINE TO
THE NORTHWEST CORNER OF LOT 14 IN BLOCK 10 IN SAID VILLAGE OF LEMONT;
THENCE WESTERLY TO THE EAST LINE OF BLOCK 2 IN THE VILLAGE OF LEMONT AT
A POINT THAT IS 25 FEET SOUTHERLY OF THE CENTER LINE OF THE NORTHBOUND
MAIN TRACK OF SAID ILLINOIS CENTRAL RAILROAD COMPANY; THENCE
SOUTHERLY ALONG THE EAST LINE OF SAID BLOCK 2 TO THE NORTH LINE OF NEW
AVENUE; THENCE WESTERLY ALONG THE NORTH LINE OF NEW AVENUE TO THE
WEST LINE OF BLOCK 9 IN SAID VILLAGE OF LEMONT; THENCE SOUTHEASTERLY
ALONG THE LAST SAID WEST LINE TO THE SOUTH RIGHT -OF -WAY LINE OF NEW
AVENUE; THENCE EASTERLY ALONG THE LAST SAID RIGHT -OF -WAY LINE TO A
POINT 30 FEET WEST OF LOCKPORT STREET; THENCE SOUTHEAST TO A POINT IN
THE WEST LINE OF LOCKPORT STREET 20 FEET SOUTH OF THE SOUTH LINE OF NEW
AVENUE; THENCE SOUTHEASTERLY ALONG THE WEST LINE OF LOCKPORT STREET
TO THE SOUTH LINE OF THE EAST -WEST ALLEY IN BLOCKS 7 AND 8 OF THE VILLAGE
OF LEMONT AS RECORDED AUGUST 8, 1974 AS DOCUMENT NO. 184242; THENCE
NORTHEASTERLY 902 FEET ALONG THE LAST SAID SOUTH LINE TO THE WEST LINE
OF LEMONT STREET; THENCE SOUTHEASTERLY 198 FEET ALONG LAST SAID WEST
LINE TO THE SOUTH LINE OF CASS STREET; THENCE NORTHEASTERLY 526 FEET
ALONG LAST SAID SOUTH LINE TO THE EAST LINE OF STEPHEN STREET; THENCE
NORTHWESTERLY 300 FEET MORE OR LESS TO THE SOUTH LINE OF ILLINOIS
STREET; THENCE NORTHEASTERLY 1990 FEET MORE OR LESS ALONG LAST SAID
SOUTH LINE TO THE EAST LINE OF PRUYNE STREET IN THE TOWN OF ATHENS;
THENCE NORTHEASTERLY ALONG THE SOUTHEAST LINE OF THE ILLINOIS STREET
CUTOFF TO MERGE WITH MAIN STREET TO THE EAST LINE OF SAID SECTION 20;
THENCE NORTH 660 FEET MORE OR LESS ALONG LAST SAID EAST LINE TO THE
NORTH LINE OF THE SOUTH HALF OF SAID SECTION 20 AND BEING THE PLACE OF
BEGINNING, ALL IN THE VILLAGE OF LEMONT, COOK COUNTY, ILLINOIS.
ALSO, THOSE PARTS OF VACATED HINSDALE STREET AND VACATED
LAWRENCE STREET IN THE VILLAGE OF LEMONT LYING NORTHERLY OF THE
NORTHERLY LINE OF CANAL STREET AND SOUTHERLY OF THE NORTH LINE OF LOT
6 IN BLOCK 28 IN KEEPOTAW IN SAID SECTION 20, EXTENDED WEST, AND DUE WEST
OF A LINE COMMENCING AT A POINT OF SAID NORTHERLY LINE OF CANAL STREET
56.96 FEET EASTERLY OF THE SOUTHWEST CORNER OF SAID LOT 17; THENCE
NORTHERLY ALONG A LINE WHICH IS 56.96 FEET EASTERLY FROM AND PARALLEL
WITH THE WESTERLY LINE OF SAID LOT 17, A DISTANCE OF 68.65 FEET; THENCE
EASTERLY ALONG A LINE PARALLEL TO THE NORTH LINE OF SAID CANAL STREET,
A DISTANCE OF 6 FEET MORE OR LESS TO ITS INTERSECTION WITH A LINE 15 FEET
WEST OF AND PARALLEL WITH THE WEST LINE OF SAID LOT 6 IN BLOCK 28 IN
KEEPOTAW; THENCE NORTH ALONG SAID LAST MENTIONED PARALLEL LINE TO ITS
INTERSECTION WITH THE NORTH LINE OF SAID LOT 6 IN BLOCK 28 IN KEEPOTAW
EXTENDED WEST IN COOK COUNTY, ILLINOIS.
NORTH
Village of Lemont, Illinois
Downtown Lemont
AMENDED REDEVELOPMENT PROJECT'AREA
EHLERS
& ASSOCIATES INC