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O-15-26 of the Village of Lemont, Cook, Will and DuPage Counties, Illinois, Adopting the Village of Lemont, Illinois Main & Maley Redevelopment PlanTO: Village Board Meeting FROM: Jason Berry, Community Development THROUGH: George Schafer, Village Administrator SUBJECT: An Ordinance of the Village of Lemont, Illinois, Adopting the Village of Lemont, Redevelopment Plan DATE: February 23, 2026 SUMMARY/BACKGROUND 418 Main Street I Lemont, IL 60439 Cook, Will and DuPage Counties, Illinois Main & Maley The Village of Lemont is proposing the creation of a new Tax Increment Financing (TIF) District to assist the Village in encouraging reinvestment and infrastructure improvements within an aging industrial area located generally at the northeast corner of Main Street and Maley Road. The proposed redevelopment project area consists primarily of industrial and vacant properties that have experienced long-term underinvestment, infrastructure deficiencies, and recurring stormwater concerns. ANALYSIS The Village engaged Ryan, LLC to prepare an eligibility report and redevelopment plan for the proposed Main & Maley TIF District. The analysis determined that the improved portions of the district qualify as a Conservation Area under the Tax Increment Allocation Redevelopment Act and that vacant portions qualify as a Blighted Vacant Area, including the presence of chronic flooding. The redevelopment plan establishes a framework for public infrastructure improvements, site preparation, and coordinated redevelopment efforts that would not reasonably be anticipated to occur without the use of TIF. The proposed Main & Maley TIF is consistent with the Village's 2022-2025 Strategic Plan, which emphasizes financial stability, infrastructure investment, and maintaining a strong business environment. The redevelopment plan is also consistent with the Lemont 2030 Comprehensive Plan, which supports reinvestment in employment centers and improvements to aging infrastructure. Consistency with Village Policy Lemont 2030 Comprehensive Plan STAFF RECOMMENDATION Approval of the attached ordinance. BOARD ACTION REQUESTED Motion to approve ordinance. ATTACHMENTS An Ordinance of the Village of Lemont, Cook, Will and DuPage Counties, Illinois, Adopting the Village of Lemont, Illinois Main & Maley Redevelopment Plan VILLAGE OF LEMONT COOK, WILL, AND DUPAGE COUNTIES, ILLINOIS ORDINANCE NUMBER 0-15-a-(0 AN ORDINANCE APPROVING THE MAIN & MALEY TAX INCREMENT FINANCING REDEVELOPMENT PLAN AND PROJECT OF THE VILLAGE OF LEMONT, COOK, WILL AND DUPAGE COUNTIES, ILLINOIS JOHN EGOFSKE Village President CHARLENE M. SMOLLEN Clerk SAMUEL J. FORZLEY JANELLE KITTRIDGE KEN MCCLAFFERTY KEVIN SHAUGHNESSY RICK SNIEGOWSKI RON STAPLETON Trustees ORDINANCE NO. 0 ` 15 a(,O AN ORDINANCE APPROVING THE MAIN & MALEY TAX INCREMENT FINANCING REDEVELOPMENT PLAN AND PROJECT OF THE VILLAGE OF LEMONT, COOK, WILL AND DUPAGE COUNTIES, ILLINOIS WHEREAS, the Tax Increment Allocation Redevelopment Act (65 ILCS 5/11-74.4-1 et seq.) (the "Act') allows municipalities to find and declare that blighted areas exist within their corporate limits; and WHEREAS, the existence of blighted areas requires an excessive and disproportionate expenditure of public funds, results in inadequate public and private investment, causes property to be unmarketable, results in the exodus of families and businesses for lack of employment, threatens the sound growth and tax base of all taxing districts in the area, and threatens the health, safety, morals and welfare of the public; and WHEREAS, in order to promote and protect the public health, safety, morals and welfare it is necessary that blighted areas be redeveloped and that adverse conditions discouraging private investment in such areas be removed and alleviated; and WHEREAS, all taxing districts will benefit by the improvement of blighted areas by an increase in the assessed valuation thereof, by new employment opportunities, and by construction of housing for the elderly; and WHEREAS, the Main & Maley Tax Increment Financing Redevelopment Plan and Project (the "Redevelopment Plan") dated November, 2025 has been prepared by Ryan, LLC with the Village, which also contains the Main & Maley Redevelopment Project Area TIF Qualification Report (the "Eligibility Study"); and WHEREAS, a Joint Review Board consisting of one representative from the Village of Lemont, Lemont Township, Lemont Fire Protection District, Joliet Junior College District No. 525, Lemont-Bromberek Combined School District No. I I3A, Lemont Hight School District No. 210, Lemont Park District, Lemont Public Library District, Cook County, and one public member selected by them, convened on January 7, 2026 for the purpose of making an advisory, non -binding recommendation to the Village of Lemont (the "Village"); and WHEREAS, said Joint Review Board did issue a Recommendation finding that the Redevelopment Plan and Redevelopment Project Area meet the eligibility criteria established in Section 11-74.4-3 of the TIF Act and the objectives of the TIF Act, and recommended the passage of this ordinance; and WHEREAS, a public hearing conducted by the Mayor was held on February 9, 2026, in the Board Room of Village Hall concerning the Redevelopment Plan for the proposed Main & Maley Redevelopment Project Area (the "Redevelopment Project Area"); and WHEREAS, notice of said public hearing was given by publication two times in the Daily Southtown on January 26, 2026 and on January 29, 2026, the first publication being not more than 30 nor less than 10 days prior to the public hearing; and WHEREAS, notice of said public hearing was given on December 10, 2025, not less than 10 days prior to the date set for the public hearing, by depositing such notice in the United States mails by certified mail, addressed to all 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 project redevelopment area; and WHEREAS, notice of said public hearing and a copy of the proposed Redevelopment Plan was given on December 10, 2025, not less than 45 days prior to the date set for public hearing, by depositing such notice in the United States mails by certified mail, addressed to all taxing districts of which taxable property is included in the Redevelopment Project Area; and to the Department of Commerce and Community Affairs of the State of Illinois; and WHEREAS, there are no residential addresses located outside the proposed Redevelopment Project Area and within 750 feet of the boundaries of the proposed Redevelopment Project Area; and WHEREAS, there are no organizations or residents that have registered with the municipality in accordance with the registration guidelines established pursuant to 65 ILCS 5/11- 74.4-4.2; and WHEREAS, the giving and form of notices complied with the requirements of the Act; and WHEREAS, at the public hearing all interested persons were given an opportunity to be heard in respect to any issues embodied in the notice and all affected taxing districts were given an opportunity to be heard in respect to any issues embodied in the notice; and WHEREAS, the Mayor and Board of Trustees (the "Board") have reviewed the conditions pertaining to lack of private investment in the Redevelopment Project Area to determine whether private development would take place as a whole without the adoption of the Redevelopment Plan; and WHEREAS, the Board has reviewed the conformance of the Redevelopment Plan to the comprehensive plan for the development of the Village as a whole; and WHEREAS, the Board has reviewed the estimated dates for completion of the Redevelopment Plan and retirement of obligations incurred to finance redevelopment project costs; and WHEREAS, all protests and objections were heard at the public hearing. 2 NOW, THEREFORE, BE IT ORDAINED by the Mayor and Board of Trustees of the Village of Lemont, Counties of Cook, Will and DuPage, Illinois, as follows: Section 1 That the above preambles are hereby declared to be true and are adopted as findings of the Board. Section 2 That the Redevelopment Plan, a copy of which is herein incorporated by reference, is hereby adopted and approved. Section 3 The Board further finds and determines that the Redevelopment Project Area on the whole has not been subject to growth and development through investment by private enterprise and cannot be reasonably anticipated to develop without the adoption of the Redevelopment Plan and implementation of the redevelopment projects therein. The estimated date for final completion of the redevelopment projects is within 23 years of the passage of this ordinance. The estimated date for retirement of obligations to finance redevelopment project costs is not later than 20 years after the issuance thereof. Section 4 A certified copy of this ordinance shall be filed with the County Clerk of Cook County. Section 5 If any section, paragraph, clause or provision of this ordinance shall be held invalid, the invalidity thereof shall not affect any of the other provisions of this ordinance. Section 6 All ordinances or parts of ordinances in conflict with the provisions of this ordinance are hereby repealed insofar as they conflict herewith. Section 7 This ordinance shall be immediately in full force and effect after passage and approval. PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF LEMONT, COUNTIES OF COOK, WILL, AND DUPAGE, ILLINOIS, ON THIS 23`d DAY OF FEBRUARY, 2026. MAYOR AND VILLAGE BOARD MEMBERS: AYES: NAYES: ABSENT: ABSTAIN: Samuel J. Forzley V Janelle Kittridge V/ Ken McClafferty ` Kevin Shaughnessy V Rick Sniegowski Ron Stapleton ATTEST: Charlene M. Smollen, . illage Clerk Of- OF 2 EEL `/On®is John Egofske, Mayor 4 EXHIBIT A LEGAL DESCRIPTION Commencing at the intersection of the north line of PIN 22-14-300-037 with the west line of the West %2 Southwest 1/4 of Section 14, Township 37 North, Range 11, East of the Third Principal Meridian in Cook County, Illinois; thence northeasterly along the north line of PIN 22-14-300- 037 to the north line of the East '/z of the Southwest '/4 of said Section 14; thence easterly to the east line of PIN 22-14-400-037; thence south to the south line of PIN 22-14-400-037; thence west to the east line of PIN 22-14-400-039; thence south to the south line of PIN 22-14-400-039; thence east to the east line of the West ''/z of the Southeast''/4 of said Section 14; thence south to the south line of PIN 22-14-400-019; thence west to the east line of PIN 22-14-400-017; thence south to the south line of PIN 22-14-400-017; thence west along the south line of PIN 22-14- 400-017 to the west line of PIN 22-14-400-017; thence north to the north line of Chicago -Joliet Road; thence westerly along the north line of Chicago -Joliet Road to the east line of PIN 22-14- 300-021; thence north to the north line of PIN 22-14-300-021; thence westerly along the north line of PIN 22-14-300-021 to the east line of PIN 22-14-300-016; thence westerly along the north line of PIN 22-14-300-016 and PIN 22-14-300-020 to the west line of the West''/z Southwest '/4 of said Section 14; thence north along said west line of the West '/2 Southwest'/4 of said Section 14, to the point of beginning, in Cook County, Illinois. PINs: 22-14-300-029-0000 22-14-300-031-0000 22-14-300-034-0000 22-14-300-035-0000 22-14-300-036-0000 22-14-300-037-0000 22-14-300-039-0000 22-14-300-040-0000 22-14-300-042-0000 22-14-300-043 -0000 22-14-300-044-0000 22-14-300-045-0000 22-14-400-005-0000 22-14-400-015-0000 22-14-400-017-0000 22-14-400-018-0000 22-14-400-019-0000 22-14-400-024-0000 22-14-400-028-0000 22-14-400-029-0000 22-14-400-030-0000 22-14-400-031-0000 22-14-400-032-0000 22-14-400-034-0000 22-14-400-035-0000 22-14-400-036-0000 22-14-400-037-0000 22-14-400-039-0000 22-14-400-040-0000 EXHIBIT B PROJECT AREA MAP EXHIBIT C VILLAGE OF LEMONT, ILLINOIS MAIN & MALEY TAX INCREMENT FINANCING REDEVELOPMENT PLAN AND PROJECT Draft Dated 1 1.25.2025 VILLAGE OF LEMONT, ILLINOIS MAIN & MALEY TAX INCREMENT FINANCING REDEVELOPMENT PLAN AND PROJECT Jointly Prepared By: Village of Lemont, Illinois And Ryan, LLC November, 2025 VILLAGE OF LEMONT, ILLINOIS MAIN & MALEY TAX INCREMENT FINANCING REDEVELOPMENT PLAN AND PROJECT TABLE OF CONTENTS I. INTRODUCTION................................................................................. 1 II. RPA LEGAL DESCRIPTION.................................................................6 III. RPA GOALS AND OBJECTIVES.......................................................... 7 IV. EVIDENCE OF THE LACK OF DEVELOPMENT AND GROWTH; FISCAL IMPACT ON TAXING DISTRICTS ......................................... 12 ➢ Evidence of the Lack of Development / Growth Within the RPA ................. 122 ➢ Assessment of Fiscal Impact on Affected Taxing Districts ............................ 122 V. TIF QUALIFICATION FACTORS PRESENT IN THE RPA................... 14 VI. REDEVELOPMENT PROJECT........................................................... 15 ➢ Redevelopment Plan and Project Objectives ................................................... 15 ➢ Redevelopment Activities...............................................................................166 ➢ General Land Use Plan.....................................................................................177 ➢ Additional Design and Control Standards.....................................................188 ➢ Eligible Redevelopment Project Costs............................................................188 ➢ Projected Redevelopment Project Costs...........................................................22 ➢ Sources of Funds to Pay Redevelopment Project Costs...................................23 ➢ Nature and Term of Obligations to be Issued .................................................. 24 ➢ Most Recent Equalized Assessed Valuation (EAV) for the RPA...................... 25 ➢ Anticipated Equalized Assessed Valuation (EAV) for the RPA ....................... 25 VII. DESCRIPTION & SCHEDULING OF REDEVELOPMENT PROJECT ..26 ➢ Redevelopment Project.....................................................................................26 ➢ Commitment to Fair Employment Practices / Affirmative Action ................. 27 ➢ Completion of Redevelopment Project and Retirement of Obligations to Finance Redevelopment Costs..........................................................................28 VIII. PROVISIONS FOR AMENDING THE TIF PLAN AND PROJECT ........29 ➢ APPENDIX 1: Legal Description of Project Area ➢ APPENDIX 2: Boundary Map of Proposed RPA ➢ APPENDIX 3: Existing and Future Land Use Maps of RPA ➢ APPENDIX 4: TIF Qualification Report I. INTRODUCTION The Village of Lemont, Illinois (the "Village") is a community located in Cook, DuPage and Will Counties, approximately 24 miles to the southwest of Chicago, Illinois. The Village is generally bounded by Woodridge and Darien to the North, Burr Ridge and Willow Springs to the Northeast, Hickory Hills, Palos Hills and Palos Park to the East, Orland Park to the Southeast, Homer Glen and Lockport to the South, Romeoville to the Southwest and Bolingbrook to the Northwest. The Village was settled in the early 19th Century during the I&M Canal's construction and its central core (or "Downtown District") is one of the oldest in Northeastern Illinois. Following the completion of the canal the community developed and thrived as a center for the quarrying industry following the discovery of limestone deposits. Lemont's "Athens Marble" would come to face several notable regional buildings including Chicago's famed Water Tower. The Village has an array of community assets that enhance its competitiveness. In particular, it has excellent transportation infrastructure, with connections to the Des Plaines River, the Illinois & Michigan (I&M) Canal and the Chicago Sanitary and Ship Canal. Interstate 355 (I-355) passes through the western portion of the Village and Interstate 55 (I-55) is located just to the north of the Village. The Village is located just eleven (11) miles from Chicago Midway International Airport, and eighteen (18) miles from Chicago O'Hare International Airport. The Village proposes the designation of the Main & Maley Area (the "RPA" or the "TIF District") through the adoption of this Tax Increment Financing Redevelopment Plan (the "Redevelopment Plan" or "Plan") to promote the revitalization of strategic properties located within the Study Area. The successful revitalization of the proposed RPA would significantly assist the Village in achieving its policy goal of promoting economic development in general and the continued development of the area around the Chicago Sanitary and Ship Canal in particular. Ryan LLC ("Ryan") has been retained by the Village of Lemont to conduct an analysis of the potential qualification and designation of the area as a new Tax Increment Financing ("TIF") District, and to assist the Village in drafting this TIF Redevelopment Plan. The Village has two fundamental goals in pursuing the potential TIF District. The first is to promote redevelopment of an area that has been targeted for activity, and in doing so, promote new industrial uses throughout the Study Area to support the Village's industrial complex. The second goal is to further the Village's overall economic development program and thereby diversify its tax and employment bases. TIF Plan Requirements. The Village is preparing this Plan as required by the Tax Increment Allocation Redevelopment Act, (the "Act") 65 ILCS 5/11-74.4-3, et. Village of Lemont -Main & Maley TIF Page 1 sec.., as amended. To establish a TIF district (also known as a Redevelopment Project Area ("RPA")), Illinois municipalities must adopt several documents, including a TIF Redevelopment Plan and Eligibility Report. The Act enables Illinois municipalities to establish TIF districts, either to eliminate the presence of blight or to prevent its onset. The Act finds that municipal TIF authority serves a public interest in order to: "promote and protect the health, safety, morals, and welfare of the public, that blighted conditions need to be eradicated and conservation measures instituted, and that redevelopment of such areas be undertaken; that to remove and alleviate adverse conditions it is necessary to encourage private investment and restore and enhance the tax base of the taxing districts in such areas by the development or redevelopment of project areas" (65 ILCS 5/11-74.4-2(b)). By definition, a TIF "Redevelopment Plan" means the comprehensive program of the municipality for development or redevelopment intended by the payment of redevelopment project costs to reduce or eliminate those conditions the existence of which qualify the redevelopment project area as a "blighted area," "conservation area" (or combination thereof), or "industrial park conservation area," and thereby to enhance the tax bases of the taxing districts which extend into the redevelopment project area as set forth in the Tax Increment Allocation Redevelopment Act. The Proposed TIF District. The proposed RPA is located in the northwest corner of the Village and consists of primarily industrial uses. The RPA is a contiguous area of approximately one hundred and thirty (130.5) acres and generally bounded by the Metra Heritage Corridor rail tracks on the north, Main Street on the south, Parker Road as extended, and the Village boundary on the west, and certain parcels abutting the ComEd right of way on the east. The RPA is partially bifurcated by Maley Road. Adjacent rights of way are also included. The Village's general economic development objectives are to enhance industrial opportunities within the proposed RPA. To achieve this overarching objective, the Village has proposed the following guidelines in its Lemont 2030 Comprehensive Plan (the "Comprehensive Plan," 2014) as discussed within Section III below. Section IV of this report describes a number of redevelopment impediments facing the Village. These impediments are split between the "blighted vacant area" and the "conservation area." "Blighted vacant area" impediments include chronic flooding, lag in equalized assessed valuation, and adjacent deterioration. "Conservation area" impediments include deterioration, lag in equalized assessed valuation, inadequate utilities, deleterious land use or layout, and a lack of adequate planning. All of these factors reduce the competitiveness of the area. On balance, the TIF area has the potential for redevelopment of certain underutilized properties. As such, the Village has identified a number of objectives for redevelopment, with tax increment financing acting as a tool to achieve them. Village of Lemont -Main & Maley TIF Page 2 Please refer to Section III of this report for additional information about the goals, objectives and activities to support redevelopment. The RPA would be suitable for new development if there is coordination of uses and redevelopment activity by the Village. Through this TIF Redevelopment Plan and as part of its comprehensive economic development planning, the Village intends to attract and encourage industrial uses for the underutilized sites located within the RPA. Through the establishment of the RPA, the Village would implement a program to redevelop key areas within the new TIF District and in so doing, it would revitalize the area and extend benefits to the entire community. Rationale for Redevelopment Plan. The Village recognizes the need for a strategy to revitalize properties and promote development within the boundaries of the RPA. The needed private investment would only be possible if a new TIF district is adopted pursuant to the terms of the Act. Incremental property tax revenue generated by the revitalized projects will play a decisive role in encouraging private development in an area of the Village that is lacking such major development opportunities. Adverse site conditions and economic barriers that have discouraged intensive private investment in the past will continue to be eliminated. Ultimately, the implementation of the Plan will benefit both the Village and other affected taxing districts, by virtue of the expected stabilization and expansion of the tax base. The Village has determined that the area as a whole would not be developed in a coordinated manner unless the adoption of the TIF Redevelopment Plan occurs. The Village, with the assistance of Ryan, has therefore prepared this Plan to use tax increment financing in order to address local needs and to meet redevelopment goals and objectives. The adoption of this Plan makes possible the implementation of a comprehensive program for the economic redevelopment of the area. By means of public investment and land assembly, the RPA will become a more viable area that will attract private investment. The public investment and land assembly will lay the foundation for the redevelopment of the area with private capital. This in turn will set the stage for future development opportunities in the surrounding area. The designation of the area as an RPA will allow the Village to pursue the following beneficial strategies: • Providing infrastructure that supports subsequent redevelopment plans for the RPA; • Improvements to targeted sites in preparation for redevelopment ("site prep"); • Remediation of adverse environmental conditions for both site and building elements located with the RPA; Village of Lemont -Main & Maley TIF Page 3 • Entering into redevelopment agreements in order to redevelop property and/or to induce new development to locate within the RPA; • Establishing a pattern of land -use activities that will increase efficiency and economic inter -relationships, especially as such uses complement adjacent current and/or future commercial and industrial opportunities and Village redevelopment projects within the RPA and/or surrounding area; and Enhancing area appearance through improvements to landscape, streetscape and signage. Through this Plan, the Village will direct the coordination and assembly of the assets and investments of the private sector and establish a unified, cooperative public -private redevelopment effort. Several benefits are expected to accrue to the area: new and renovated businesses; new employment opportunities; and physical and aesthetic improvements. Ultimately, the implementation of the Plan will benefit (a) the Village, (b) the taxing districts serving the RPA, (c) residents and property owners within and/or adjacent to the RPA, and (d) existing and new businesses within the RPA. Village Findings. The Village, through legislative actions as required by the Act, finds: • That the RPA as a whole has not been subject to growth and development through investment by private enterprise; • That in order to promote and protect the health, safety, and welfare of the public, certain conditions that have adversely affected redevelopment within the RPA need to be addressed, and that redevelopment of such areas must be undertaken; • To alleviate the adverse conditions, it is necessary to encourage private investment and enhance the tax base of the taxing districts by the development or redevelopment of certain areas; • That public/private partnerships are determined to be necessary in order to achieve development goals; • That without the development focus and extended resources provided for under the Act and as set forth in this Plan, growth and redevelopment would not reasonably be expected to be achieved; • That the use of incremental tax revenues derived from the tax rates of various taxing districts in the RPA for the payment of redevelopment project costs is of benefit to the taxing districts, because the taxing districts would not derive the Village of Lemont -Main & Maley TIF Page 4 benefits of an increased assessment base without addressing the coordination of redevelopment; and That the TIF Redevelopment Plan conforms to the Lemont 2030 Comprehensive Plan (2014), as detailed in Section III of this report. It is further found, and certified by the Village, in connection to the statutory process required for the adoption of this Plan, that (a) the RPA does not contain over seventy-five (75) inhabited residential units and (b) projected redevelopment of the RPA will not result in the displacement of ten (1o) inhabited residential units or more. Therefore, this Plan does not include a Housing Impact Study. The redevelopment activities that will take place within the RPA will produce benefits that are reasonably distributed throughout the RPA. Redevelopment of the RPA area is tenable only if a portion of the improvements and other costs are funded by TIF. Pursuant to the Act, the RPA includes only those contiguous parcels of real property and improvements thereon substantially benefited by the redevelopment project. Also pursuant to the Act, the area in the aggregate is more than 11/2 acres. A boundary map of the RPA is included in Appendix 2 of this Plan. Village of Lemont -Main & Maley TIF Page 5 II. RPA LEGAL DESCRIPTION The Redevelopment Project Area legal description is attached in Appendix 1. Village of Lemont -Main & Maley TIF Page 6 III. RPA GOALS AND OBJECTIVES The Village has established a number of economic development goals, objectives, and strategies which would determine the types of activities to be undertaken within the proposed Main & Maley TIF District. These efforts would conform to and promote the achievement of land use objectives in the Village's 2030 Comprehensive Plan (2014). Exhibit 1 Zelationship of Land Use and Economic development Flans General RPA Objectives, 2030 Plan Economic TIF Plan Plans, and Development Strategies Goals As indicated in the exhibit above, the Village's primary planning document is the Comprehensive Plan (also referred to as the 2030 Plan) which describes the overall vision for the Village and is the foundation for Village initiatives such as the proposed Main & Maley TIF District. This overarching planning document determines future land uses and influences all other Village planning efforts such as the TIF planning process. General Economic Development Goals of the Village. Establishment of the proposed Main & Maley TIF supports the following Village -wide objectives. o Restoring and strengthening the property tax base of the Village and overlapping tax districts; o Creating new jobs and retaining existing jobs for Village and area residents; o Providing for implementation of economic development and redevelopment strategies that benefits the Village and its residents; Village of Lemont -Main & Maley TIF Page 7 o Providing public infrastructure improvements (and environmental remediation) within the Village to promote growth; o Encouraging positive and feasible redevelopment of vacant properties and/or underutilized facilities; o Coordinating all redevelopment within the Village in a comprehensive manner, avoiding land use conflicts and negative community impacts with attracted users; and o Creating a cooperative partnership between the Village and other Lemont stakeholders. Specific Objectives for the RPA. The general goals for economic development cited above would be supported by specific objectives, strategies and performance measures that would "drive" the redevelopment activities undertaken within the proposed RPA. RPA designation would allow the Village to pursue the following objectives: o Assist in coordinating redevelopment activities within the RPA in order to provide a positive marketplace signal to private investors; o Reduce, eliminate or prevent the onset of blight or other negative factors present within the area; o Accomplish redevelopment over a reasonable time period; o Provide for high quality development industrial land uses within the RPA; o Create an attractive overall appearance for the area; and o Further the goals and objectives of the 2030 Plan. This Plan clearly establishes the importance of the RPA. It also describes characteristics of the area which deter investment and prohibit the RPA from being fully utilized. Such characteristics include the presence of conditions that are hazardous to the public, presence of deteriorating improvements, and a lack of adequate planning have and continue to exist within the Study Area. Exhibit 2 identifies certain 2030 Plan goals that pertain to the proposed Main & Maley TIF District. Village of Lemont -Main & Maley TIF Page 8 Exhibit 2 Comprehensive Plan Goals and Objectives for Village's 2030 Plan Goal Action Develop Inviting Gateways into Lemont 0 e Village should enhance our gateways through streetscaping, signage, and other physical improvements. Private development at gateways should reinforce the public improvements and further enhance the aesthetics of these important areas. Create Master Plans for Lemont's Economic . For those centers which are Activity Centers undeveloped, or require significant redevelopment to become a hub of economic activity, master development (or sub area) plans should be developed. In addition to land use and design considerations, these plans should address infrastructure capacity and economic feasibility of any plan proposals. Annex Economic Activity Centers That are Not . Many of the economic activity centers Already Within the Village that are key to the Village's future economic growth are not currently within Village limits. Annexation of these areas is an important first step to add the necessary acreage for new commercial development. Maintain Existing Industrial Zoning with Very a To retain this important component of Limited Expansion our local economy, the Village should not reduce the amount of manufacturing zoned property. • The Village should seek to increase our total acreage of industrial land use through annexation when the areas of annexation that are adjacent to existing industrial/manufacturing areas and such zoning will not create a conflict with existing residential development. • Any new industrial development should comply with the Village's high standards for site design and aesthetics. Require New Developments to Meet a 9 There are various ways to calculate a Connectivity Index connectivity index, including: total number of street segments divided by total number of intersections; a ratio of intersections divided by intersections plus dead -ends; maximum block length; intersections per square mile; etc. The Village should evaluate various indices and select one to use in evaluating new development proposals for consistency with the goals of this chapter Require SSAs for Annexations, Where 0 When such annexations occur, the roads Appropriate within those subdivisions should be evaluated. If the roads are in a poor state of repair, a special service area should be placed Village of Lemont -Main & Maley TIF Page 9 on the annexing territory to fund the necessary improvements so as not to burden existing residents with the additional cost of improvements. Continue to Require Developers to Mitigate The Village should continue UDO Road Impacts requirements for traffic studies to ensure developers calculate traffic impacts of proposed developments on the existing roadway network. The Village should continue to require those developers to pay for any road and/or right of way improvements needed because of the development's impacts. Continue to Require Right of Way Continue the current UDO requirements Improvements When New Development Occurs that new development bring existing substandard right of way up to Village standards whenever a development contains or adjoins the substandard right of way. Establish and Maintain a Desired Level of The Village recently adopted its first Maintenance for All Local Roads ever 3-year strategic plan and will soon adopt a 5-year capital improvement program. Contained within these documents will be a five year plan for local road maintenance. These documents should provide the basis to establish a long-term minimum desired level of maintenance for all local roads. • Such level of service should be used to direct future capital planning efforts. Ultimately, the implementation of the Redevelopment Plan would contribute to the economic development of the area and provide new employment opportunities for Village residents. The RPA-specific objectives would be fulfilled by the execution of certain strategies, including but not limited to the following: o Facilitating the preparation of improved and vacant sites, by assisting any private developer(s) to assemble suitable sites for modern development needs; o Coordinating site preparation to provide additional land for new development, as appropriate; o Fostering the replacement, repair, and/or improvement of infrastructure, including (as needed) sidewalks, streets, curbs, gutters and underground water and sanitary systems to facilitate the construction of new development within the RPA; o Facilitating the provision of adequate on- and off-street parking within the RPA; and/or Village of Lemont -Main & Maley TIF Page io o Coordinating development in tandem with any transportation system upgrades to make the area more accessible. Village of Lemont -Main & Maley TIF Page 11 IV. EVIDENCE OF THE LACK OF DEVELOPMENT AND GROWTH; FISCAL IMPACT ON TAXING DISTRICTS Evidence of the Lack of Development and Growth within the RPA. As documented in Appendix 4 of this Plan, the RPA has suffered from the lack of development and would qualify, in part, as a "conservation area," and in part, as a "blighted vacant area." In past years, the area overall has not benefited from sustained private investment and/or development, instead suffering economic decline. Absent intervention by the Village, properties within the RPA would not be likely to gain in value. The proposed RPA exhibits various conditions which, if not addressed by the Village, would eventually result in blight. Those conditions include structures and public improvements reflecting deterioration and obsolescence, as well as other deficiencies. These various conditions work to discourage private sector investment in business enterprises. Assessment of Fiscal Impact on Affected Taxing Districts. It is anticipated that the implementation of this Plan will not have a negative financial impact on the affected taxing districts. Instead, action taken by the Village to stabilize and cause growth of its tax base through the implementation of this Plan will have a positive impact on the affected taxing districts by arresting the potential decline or lag in property values, as measured by assessed valuations (AV), through the future elimination of vacant and blighted properties. In short, the establishment of a TIF district would protect other taxing districts from the potential downside risk of falling equalized assessed valuation in the northeastern portion of the Village surrounding the I&M Canal and Chicago Sanitary and Ship Canal. Should the Village achieve success in attracting private investment which results in the need for documented increased services from any taxing districts, the Village will consider the declaration of "surplus funds," as defined under the Act and pursuant to any executed intergovernmental agreement. Such funds which are neither expended nor obligated for TIF-related purposes can be used to assist affected taxing districts in paying the costs for increased services. Any surplus Special Tax Allocation Funds (to the extent any surplus exists) will be shared in proportion to the various tax rates imposed by the taxing districts, including the Village. Any such sharing would be undertaken after all TIF-eligible costs — either expended or incurred as an obligation by the Village — have been duly accounted for through administration of the Special Tax Allocation Fund to be established by the Village as provided by the Act. An exception to the tax -sharing provision relates to the Village's utilization of TIF funding to mitigate the impact of residential redevelopment upon school districts. In such cases, the Village will provide funds to offset the costs incurred by the eligible school districts in the manner prescribed by 65 ILCS Section 5/11- Village of Lemont -Main & Maley TIF Page 12 74.4.3(q)(7.5) of the Act. It should be noted that new residential uses that generate new students are not expected as part of future redevelopment activities. (Refer to Section VI of this Report, which describes allowable TIF project costs.) Village of Lemont -Main & Maley TIF Page 13 V. TIF QUALIFICATION FACTORS PRESENT IN THE RPA Findings. The RPA was studied to determine its qualifications under the Tax Increment Allocation Redevelopment Act. It was determined that the area as a whole qualifies as a TIF district under the Act. Refer to the TIF Eligibility Report, attached as Appendix 4 in this Plan. Eligibility Survey. Representatives of Ryan and Village staff evaluated the RPA from August 2025 to the date of the publication of this Plan. Analysis was aided by certain reports obtained from the Village, reports from Village engineering/planning staff, on -site due diligence, and other sources. In Ryan's evaluation, only information was recorded which would help assess the eligibility of the proposed area as a TIF District. Village of Lemont -Main & Maley TIF Page 14 VI. REDEVELOPMENT PROJECT Redevelopment Plan and Project Objectives. As indicated in Section III of this Report, the Village has established a planning process which guides economic development and land use activities throughout the Village. Consistent with the established planning process, the Village proposes to achieve economic development goals and objectives through the redevelopment of the Main & Maley TIF, pursuit of projects within the RPA, and the promotion of private investment via public financing techniques (including but not limited to tax increment financing). The project -specific objectives envisioned for the Main & Maley TIF are as follows: 1) Implementing a plan that provides for the attraction of users and tenants to redevelop underutilized land and buildings that are available within the RPA. 2) Constructing public improvements which may include (if necessary): • Street and sidewalk improvements (including new street construction and widening of current streets; any street widening would conform with Village standards for context -sensitive design); • Utility improvements (including, but not limited to, water, stormwater management, and sanitary sewer projects consisting of construction and rehabilitation); • Signalization, traffic control and lighting; • Off-street parking and public parking facilities; and • Landscaping, streetscaping, and beautification. 3) Entering into Redevelopment Agreements with developers for qualified redevelopment projects, including (but not limited to) the provision of an interest rate subsidy as allowed under the Act. 4) Providing for site preparation, clearance, environmental remediation, and demolition, including grading and excavation (any demolition activities would conform to Village criteria for allowing demolition) as needed. 5) Providing for the rehabilitation of structures in order to improve the occupancy and appearance of the property within the RPA. 6) Exploration and review of job training programs in coordination with any Village, federal, state, and county programs. 7) Entering into agreements for the development and/or construction of public facilities and infrastructure. Village of Lemont -Main & Maley TIF Page 15 Redevelopment Activities. Pursuant to the project objectives cited above, the Village will implement a coordinated program of actions. These include, but are not limited to, land acquisition, land disposition, site preparation, clearance, demolition, provision of public infrastructure and related public improvements, construction of new public facilities, and rehabilitation of structures, if necessary. Such activities conform to the provision of the TIF Act that define the scope of permissible redevelopment activities. Site Preparation, Clearance. Relocation and Demolition Property within the RPA may be improved through the use of site clearance, excavation, environmental remediation or demolition prior to redevelopment. The land may also be graded and cleared prior to redevelopment. Relocation may also be required under the TIF Act; the Village would conform to the provisions of the Act. Land Assembly and Disposition Certain properties or interests in properties in the RPA may be acquired by purchase or the exercise of eminent domain. Properties owned by or acquired by the Village may be assembled and reconfigured into appropriate redevelopment sites. If necessary, the Village would facilitate private acquisition through reimbursement of acquisition and related costs as well as through the write -down of its acquisition costs. Such land may be held or disposed of by the Village on terms appropriate for public or private development, including the acquisition of land needed for construction of public improvements. Public Improvements The Village may, but is not required to, provide public improvements in the RPA to enhance the immediate area and support the Plan. Appropriate public improvements may include, but are not limited to: Improvements and/or construction of public utilities including extension of water mains as well as sanitary and storm sewer systems, roadways, and traffic -related improvements; Parking facilities; and Beautification, identification markers, landscaping, lighting, and signage of public right-of-ways. Rehabilitation/Taxing District Capital Costs The Village may provide for the rehabilitation of certain structures within the RPA in order to provide for the redevelopment of the area and conform to Village code provisions. Improvements may include exterior and facade -related work as well as interior -related work. Village of Lemont -Main & Maley TIF Page 16 The Village may construct or provide for the construction and reimbursement for new facilities to be owned or used by units of local government. The Village does not expect that locally designated landmarks or properties listed on or eligible for listing on the National Register of Historic Places (or properties significantly contributing to districts listed on the National Register of Historic Places) will be demolished or modified in connection with the Plan. Interest Rate Write -Down The Village may enter into agreements with for -profit or non-profit owners/developers whereby a portion of the interest cost for construction, renovation or rehabilitation projects are paid out of the Special Tax Allocation fund of the RPA, in accordance with the Act. Job Training The Village may assist facilities and enterprises located within the RPA in obtaining job training assistance. Job training and retraining programs currently available from or through other governments include, but are not limited to: Federal programs; • State of Illinois programs; • Applicable local vocational educational programs, including community college sponsored programs; and • Other federal, state, county or non-profit programs that are currently available or will be developed and initiated over time. School District Costs The Village may provide for payment of school district costs as provided for in the Act relating to residential components assisted through TIF funding. General Land Use Plan. As noted in Section I of this report, the proposed RPA currently contains primarily commercial and industrial uses. Both existing and future land uses are shown in Appendix 3 attached hereto and made a part of this Plan. Appendix 3 shows existing and future land uses in the Redevelopment Project Area and includes M2 — General Manufacturing District, M3 — Heavy Manufacturing District, and Ri — Single Family Detached Residential District. Future land uses exclusively call for industrial use, and will conform to the Zoning Ordinance and the Comprehensive Plan (2014) as either may be amended from time to time. Village of Lemont -Main & Maley TIF Page 17 Additional Design and Control Standards. The appropriate design standards (including any Planned Unit Developments) as set forth in the Village's Zoning Ordinance and/or Comprehensive Plan (2014) shall apply to the RPA. Eligible Redevelopment Project Costs. Under the TIF statute, redevelopment project costs mean and include the sum total of all reasonable or necessary costs incurred or estimated to be incurred as well as any such costs incidental to the Plan. (Private investments, which supplement "Redevelopment Project Costs," are expected to substantially exceed such redevelopment project costs.) Eligible costs permitted by the Act and pertaining to this Plan include: (1) Professional Service Costs — Costs of studies, surveys, development of plans, and specifications, implementation and administration of the redevelopment plan including but not limited to staff and professional service costs for architectural, engineering, legal, financial, planning or other services, provided however that no charges for professional services may be based on a percentage of the tax increment collected; except that on and after November 1, 1999 (the effective date of Public Act 91-478), no contracts for professional services, excluding architectural and engineering services, may be entered into if the terms of the contract extend beyond a period of 3 years. After consultation with the municipality, each tax increment consultant or advisor to a municipality that plans to designate or has designated a redevelopment project area shall inform the municipality in writing of any contracts that the consultant or advisor has entered into with entities or individuals that have received, or are receiving, payments financed by tax increment revenues produced by the redevelopment project area with respect to which the consultant or advisor has performed, or will be performing, service for the municipality. This requirement shall be satisfied by the consultant or advisor before the commencement of services for the municipality and thereafter whenever any other contracts with those individuals or entities are executed by the consultant or advisor; ➢ The cost of marketing sites within the redevelopment project area to prospective businesses, developers, and investors; ➢ Annual administrative costs shall not include general overhead or administrative costs of the municipality that would still have been incurred by the municipality if the municipality had not designated a redevelopment project area or approved a redevelopment plan; ➢ In addition, redevelopment project costs shall not include lobbying expenses; (2) Property Assembly Costs — Costs including but not limited to acquisition of land and other property (real or personal) or rights or interests therein, demolition of buildings, site preparation, site improvements that serve as an engineered barrier addressing ground level or below ground Village of Lemont -Main & Maley TIF Page 18 environmental contamination, including, but not limited to parking lots and other concrete or asphalt barriers, and the clearing and grading of land; (3) Improvements to Public or Private Buildings — Costs of rehabilitation, reconstruction, repair, or remodeling of existing public or private buildings, fixtures, and leasehold improvements; and the cost of replacing an existing public building if pursuant to the implementation of a redevelopment project the existing public building is to be demolished to use the site for private investment or devoted to a different use requiring private investment; (4) Public Works — Costs of the construction of public works or improvements, except that on and after November 1, 1999, redevelopment project costs shall not include the cost of constructing a new municipal public building principally used to provide offices, storage space, or conference facilities or vehicle storage, maintenance, or repair for administrative, public safety, or public works personnel and that is not intended to replace an existing public building as provided under paragraph (3) of subsection (q) of Section 11- 74.4-3 unless either (i) the construction of the new municipal building implements a redevelopment project that was included in a redevelopment plan that was adopted by the municipality prior to November 1, 1999 or (ii) the municipality makes a reasonable determination in the redevelopment plan, supported by information that provides the basis for that determination, that the new municipal building is required to meet an increase in the need for public safety purposes anticipated to result from the implementation of the redevelopment plan; (5) Job Training — Costs of job training and retraining projects, including the cost of "welfare to work" programs implemented by businesses located within the redevelopment project area; (6) Financing Costs — Costs including but not limited to all necessary and incidental expenses related to the issuance of obligations and which may include payment of interest on any obligations issued hereunder including (a) interest accruing during the estimated period of construction of any redevelopment project for which such obligations are issued and for a period not exceeding 36 months thereafter and (b) reasonable reserves related thereto; (7) Capital Costs — To the extent the municipality by written agreement accepts and approves the same, all or a portion of a taxing district's capital costs resulting from the redevelopment project necessarily incurred or to be incurred within a taxing district in furtherance of the objectives of the redevelopment plan and project; (8) School -Related Costs — For redevelopment project areas designated (or redevelopment project areas amended to add or increase the number of tax - Village of Lemont -Main & Maley TIF Page ig increment -financing assisted housing units) on or after November 1, 1999, an elementary, secondary, or unit school district's increased costs attributable to assisted housing units located within the redevelopment project area for which the developer or redeveloper receives financial assistance through an agreement with the municipality or because the municipality incurs the cost of necessary infrastructure improvements within the boundaries of the assisted housing sites necessary for the completion of that housing as authorized by the Act, and which costs shall be paid by the municipality from the Special Tax Allocation Fund when the tax increment revenue is received as a result of the assisted housing units and shall be calculated annually;' (9) Relocation Costs — To the extent that a municipality determines that relocation costs shall be paid or is required to make payment of relocation costs by federal or State law or in order to satisfy subparagraph (7) of subsection (n) of the Act; (10) Payment in lieu of taxes; (11) Other Job Training — Costs of job training, retraining, advanced vocational education or career education, including but not limited to courses in occupational, semi -technical or technical fields leading directly to employment, incurred by one or more taxing districts, provided that such costs (i) are related to the establishment and maintenance of additional job training, advanced vocational education or career education programs for 1 The calculation is as follows: (A) for foundation districts, excluding any school district in a municipality with a population in excess of i,000,000, by multiplying the district's increase in attendance resulting from the net increase in new students enrolled in that school district who reside in housing units within the redevelopment project area that have received financial assistance through an agreement with the municipality or because the municipality incurs the cost of necessary infrastructure improvements within the boundaries of the housing sites necessary for the completion of that housing as authorized by the Act since the designation of the redevelopment project area by the most recently available per capita tuition cost as defined in Section 10-20.12a of the School Code less any increase in general State aid as defined in Section 18-8.05 of the School Code attributable to these added new students subject to the following annual limitations: (i) for unit school districts with a district average 1995-96 Per Capita Tuition Charge of less than $5,900, no more than 25% of the total amount of property tax increment revenue produced by those housing units that have received tax increment finance assistance under the Act; (ii) for elementary school districts with a district average 1995-96 Per Capita Tuition Charge of less than $5,900, no more than 17% of the total amount of property tax increment revenue produced by those housing units that have received tax increment finance assistance under the Act; and (iii) for secondary school districts with a district average 1995-96 Per Capita Tuition Charge of less than $5,900, no more than 8% of the total amount of property tax increment revenue produced by those housing units that have received tax increment finance assistance under the Act. (B) For alternate method districts, flat grant districts, and foundation districts with a district average 1995- 96 Per Capita Tuition Charge equal to or more than $5,900, excluding any school district with a population in excess of i,000,000, by multiplying the district's increase in attendance resulting from the net increase in new students enrolled in that school district who reside in housing units within the redevelopment project area that have received financial assistance through an agreement with the municipality or because the municipality incurs the cost of necessary infrastructure improvements within the boundaries of the housing sites necessary for the completion of that housing as authorized by the Act since the designation of the redevelopment project area by the most recently available per capita tuition cost as defined in Section 10-20.12a of the School Code less any increase in general state aid as defined in Section 18-8.05 of the School Code attributable to these added new students subject to the following annual limitations: (i) for unit school districts, no more than 40% of the total amount of property tax increment revenue produced by those housing units that have received tax increment finance assistance under the Act; (ii) for elementary school districts, no more than 27% of the total amount of property tax increment revenue produced by those housing units that have received tax increment finance assistance under the Act; and (iii) for secondary school districts, no more than 13% of the total amount of property tax increment revenue produced by those housing units that have received tax increment finance assistance under the Act. (C) For any school district in a municipality with a population in excess of i,000,000, additional provisions apply. Village of Lemont -Main & Maley TIF Page 20 persons employed or to be employed by employers located in a redevelopment project area; and (ii) when incurred by a taxing district or taxing districts other than the municipality, are set forth in a written agreement by or among the municipality and the taxing district or taxing districts, which agreement describes the program to be undertaken, including but not limited to the number of employees to be trained, a description of the training and services to be provided, the number and type of positions available or to be available, itemized costs of the program and sources of funds to pay for the same, and the term of the agreement. Such costs include, specifically, the payment by community college districts of costs pursuant to Sections 3-37, 3-38, 3-4o and 3-40.1 of the Public Community College Act and by school districts of costs pursuant to Sections 10-22.2oa and 10-23.3a of The School Code; (12) Developer Interest Cost —Interest cost incurred by a redeveloper related to the construction, renovation or rehabilitation of a redevelopment project provided that: (A) Such costs are to be paid directly from the special tax allocation fund established pursuant to the Act; (B) Such payments in any one year may not exceed 30% of the annual interest costs incurred by the redeveloper with regard to the redevelopment project during that year; (C) If there are not sufficient funds available in the special tax allocation fund to make the payment then the amounts so due shall accrue and be payable when sufficient funds are available in the special tax allocation fund; (D) The total of such interest payments paid pursuant to the Act may not exceed 30% of the total (i) cost paid or incurred by the redeveloper for the redevelopment project plus (ii) redevelopment project costs excluding any property assembly costs and any relocation costs incurred by a municipality pursuant to the Act; (E) The cost limits set forth in subparagraphs (B) and (D) of paragraph shall be modified for the financing of rehabilitated or new housing units for low- income households and very low-income households, as defined in Section 3 of the Illinois Affordable Housing Act. The percentage of 75% shall be substituted for 30% in subparagraphs (B) and (D); (F) Instead of the eligible costs provided by subparagraphs (B) and (D), as modified by this subparagraph, and notwithstanding any other provisions of the Act to the contrary, the municipality may pay from tax increment revenues up to 50 % of the cost of construction of new housing units to be occupied by low-income households and very low-income households as defined in Section 3 of the Illinois Affordable Housing Act. The cost of construction of those units may be derived from the proceeds of bonds issued by the municipality under the Act or other constitutional or statutory authority or from other sources of municipal revenue that may be reimbursed from tax increment revenues or the proceeds of bonds issued to finance the construction of that housing. The eligible costs provided under this subparagraph (F) shall be an eligible cost for Village of Lemont -Main & Maley TIF Page 21 the construction, renovation, and rehabilitation of all low and very low-income housing units, as defined in Section 3 of the Illinois Affordable Housing Act, within the redevelopment project area. If the low and very low-income units are part of a residential redevelopment project that includes units not affordable to low and very low-income households, only the low and very low-income units shall be eligible for benefits under subparagraph (F).2 The TIF Act prohibits certain costs. Unless explicitly stated herein the cost of construction of new privately -owned buildings shall not be an eligible redevelopment project cost. In addition, the statute prohibits costs related to retail development that results in the closing of nearby facilities of the same retailers. Specifically, none of the redevelopment project costs enumerated in the Act shall be eligible redevelopment project costs if those costs would provide direct financial support to a retail entity initiating operations in the redevelopment project area while terminating operations at another Illinois location within io miles of the redevelopment project area but outside the boundaries of the redevelopment project area municipality.3 Projected Redevelopment Project Costs. Estimated project costs are shown in Exhibit 4 below. Adjustments to estimated line -item costs below are expected and may be made without amendment to the Redevelopment Plan. Each individual project cost will be reevaluated in light of the projected private development and resulting tax revenues as it is considered for public financing under the provisions of the Act. Further, the projected cost of an individual line -item as set forth below is not intended to place a limit on the described line -item expenditure. Adjustments may be made in line -items, either increasing or decreasing line -item costs for redevelopment. The specific items listed below are not intended to preclude payment of other eligible redevelopment project costs in connection with the redevelopment of the RPA, provided the total amount of payment for eligible redevelopment project costs (the "Total Estimated TIF Budget" in Exhibit 4) shall not exceed the amount set forth below, as adjusted pursuant to the Act. 2 The standards for maintaining the occupancy by low-income households and very low-income households, as defined in Section 3 of the Illinois Affordable Housing Act, of those units constructed with eligible costs made available under the provisions of this subparagraph (F) of paragraph (11) shall be established by guidelines adopted by the municipality. The responsibility for annually documenting the initial occupancy of the units by low-income households and very low-income households, as defined in Section 3 of the Illinois Affordable Housing Act, shall be that of the then current owner of the property. For ownership units, the guidelines will provide, at a minimum, for a reasonable recapture of funds, or other appropriate methods designed to preserve the original affordability of the ownership units. For rental units, the guidelines will provide, at a minimum, for the affordability of rent to low and very low-income households. As units become available, they shall be rented to income -eligible tenants. The municipality may modify these guidelines from time to time; the guidelines, however, shall be in effect for as long as tax increment revenue is being used to pay for costs associated with the units or for the retirement of bonds issued to finance the units or for the life of the redevelopment project area, whichever is later. 3 Termination means a closing of a retail operation that is directly related to the opening of the same operation or like retail entity owned or operated by more than 50% of the original ownership in a redevelopment project area, but it does not mean closing an operation for reasons beyond the control of the retail entity, as documented by the retail entity, subject to a reasonable finding by the municipality that the current location contained inadequate space, had become economically obsolete, or was no longer a viable location for the retailer or serviceman. Village of Lemont -Main & Maley TIF Page 22 Exhibit 4 RPA Pro'ect Cost Estimates Estimated .o Land Acquisition, Assembly, and Relocation $ 3,500,000 Site Preparation, Including Environmental Remediation, Demolition, and Site Grading $ 2,750,000 Utility Improvements (Including Water, Storm, Sanitary Sewer, Service of Public Facilities, and Road Improvements) $10,000,000 Rehabilitation of Existing Structures; Taxing District Capital Improvements $ 4,500,000 Interest Costs Pursuant to the Act $ 100,000 Professional Service Costs (Including Planning, Legal, Engineering, Administrative, Annual Reporting, and Marketing) $ 1,000,000 Job Training $ 100,000 TOTAL ESTIMATED TIF BUDGET $21,950,000 Notes: (1) All project cost estimates are in 2026 dollars. Costs may be adjusted for inflation per the TIF Act. (2) In addition to the costs identified in the exhibit above, any bonds issued to finance a phase of the Project may include an amount sufficient to pay (a) customary and reasonable charges associated with the issuance of such obligations, (b) interest on such bonds, and (c) capitalized interest and reasonably required reserves. (3) Adjustments to the estimated line -item costs above are expected. Adjustments may be made in line -items within the total, either increasing or decreasing line -items costs for redevelopment. Each individual project cost will be reevaluated in light of the projected private development and resulting tax revenues as it is considered for public financing under the provisions of the Act. The individual line -items set forth above are not intended to place an individual limit on the described expenditures — provided that the total amount of payments for eligible redevelopment project costs shall not exceed the "total estimated TIF budget' listed above. As explained in the following sub -section, incremental property tax revenues from any contiguous RPA may be used to pay eligible costs for the Main & Maley TIF. Sources of Funds to Pay Redevelopment Project Costs. Funds necessary to pay for public improvements and other project costs eligible under the Act are to be derived principally from incremental property tax revenues, proceeds from municipal obligations to be retired primarily with such revenues, and interest earned on resources available but not immediately needed for the Plan. In addition, pursuant to the TIF Act and this Plan, the Village may utilize net incremental property tax revenues received from other contiguous RPAs to pay eligible redevelopment project costs or obligations issued to pay such costs in contiguous project areas. This would include contiguous TIFs that the Village may establish in the future. (Conversely, incremental revenues from the Main & Maley TIF may be allocated to any contiguous TIF Districts.) Redevelopment project costs as identified in Exhibit 4 specifically authorize those eligible costs set forth in the Act and do not address the preponderance of the costs to redevelop the area. The majority of development costs will be privately financed. TIF or other public sources are to be used, subject to approval by the Village Board, only to leverage and commit private redevelopment activity. Village of Lemont -Main & Maley TIF Page 23 The incremental tax revenues which will be used to pay debt service on the municipal obligations (if any) and to directly pay redevelopment project costs shall be the incremental increase in property taxes. The property tax increment would be attributable to the increase in the equalized assessed value of each taxable lot, block, tract or parcel of real property in the RPA — over and above the initial equalized assessed value of each such lot, block, tract or parcel in the RPA in the 2024 tax year for the RPA. Among the other sources of funds which may be used to pay for redevelopment project costs and debt service on municipal obligations issued to finance project costs are the following: certain local sales or utility taxes, special service area taxes, the proceeds of property sales, certain land lease payments, certain Motor Fuel Tax revenues, certain state and federal grants or loans, certain investment income, and such other sources of funds and revenues as the Village may from time to time deem appropriate. Nature and Term of Obligations to Be Issued. The Village may issue obligations secured by the Special Tax Allocation Fund established for the Redevelopment Project Area pursuant to the Act or such other funds as are available to the Village by virtue of its power pursuant to the Illinois State Constitution. Any and all obligations issued by the Village pursuant to this Plan and the Act shall be retired not more than twenty-three (23) years after the date of adoption of the ordinance approving the RPA, or as such a later time permitted pursuant to the Act and to the extent such obligations are reliant upon the collection of incremental property tax revenues from the completion of the twenty-3rd year of the TIF, with taxes collected in the twenty-fourth year. However, the final maturity date of any obligations issued pursuant to the Act may not be later than twenty (20) years from their respective date of issuance. One or more series of obligations may be issued from time to time in order to implement this Plan. The total principal and interest payable in any year on all obligations shall not exceed the amount available in that year or projected to be available in that year. The total principal and interest may be payable from tax increment revenues (including tax increment revenues from current or future contiguous TIF Districts) and from bond sinking funds, capitalized interest, debt service reserve funds, and all other sources of funds as may be provided by ordinance. Certain revenues may be declared as surplus funds if not required for: principal and interest payments, required reserves, bond sinking funds, redevelopment project costs, early retirement of outstanding securities, or facilitating the economical issuance of additional bonds necessary to accomplish the Redevelopment Plan. Such surplus funds shall then become available for distribution annually to taxing districts overlapping the RPA in the manner provided by the Act. Village of Lemont -Main & Maley TIF Page 24 Securities may be issued on either a taxable or tax-exempt basis, as general obligation or revenue bonds. Further, the securities may be offered on such terms as the Village may determine, with or without the following features: capitalized interest; deferred principal retirement; interest rate limits (except as limited by law); and redemption provisions. Additionally, such securities may be issued with either fixed rate or floating interest rates. Most Recent Equalized Assessed Valuation for the RPA. The most recent equalized assessed valuation for the RPA is based on the 2023 EAV and is estimated to be approximately $11,132,519. It is anticipated the estimated base EAV for establishment of the RPA will be the 2024 EAV once available. Anticipated Equalized Assessed Valuation for the RPA. Upon completion of the anticipated private development of the RPA over a twenty-three (23) year period, it is estimated that the EAV of the property within the RPA would increase to approximately $30 million to $40 million depending upon market conditions and the scope of the redevelopment projects. Village of Lemont -Main & Maley TIF Page 25 VII. DESCRIPTION AND SCHEDULING OF REDEVELOPMENT PROJECT Redevelopment Project. The Village will implement a strategy with full consideration given to the availability of both public and private funding. It is anticipated that a phased redevelopment will be undertaken. The Redevelopment Project will begin as soon as the private entities have obtained financing approvals for appropriate projects and such uses conform to Village zoning and planning requirements, or if the Village undertakes redevelopment activities pursuant to this Plan. Depending upon the scope of the development as well as the actual uses, the following activities may be undertaken by the Village: ➢ Land Assembly and Relocation: Certain properties in the RPA may be acquired and assembled into an appropriate redevelopment site, with relocation costs undertaken as provided by the Act. If necessary, the Village would facilitate private acquisition through reimbursement or write -down of related costs, including without limitation the acquisition of land needed for construction of public improvements. ➢ Demolition and Site Preparation: The existing improvements located within the RPA may have to be reconfigured or prepared to accommodate new uses or expansion plans. Demolition of certain parcels may be necessary for future projects. Additionally, the redevelopment plan contemplates site preparation, or other requirements including environmental remediation necessary to prepare the site for desired redevelopment projects. ➢ Rehabilitation: The Village may assist in the rehabilitation of buildings or site improvements located within the RPA. ➢ Landscaping / Buffering f Streetscaping: The Village may fund certain landscaping projects, which serve to beautify public properties or rights -of -way and provide buffering between land uses. ➢ Water, Sanitary Sewer, Storm Sewer and Other Utility Improvements: Certain utilities may be extended or re-routed to serve or accommodate the new development. Upgrading of existing utilities may be undertaken. The Village may also undertake the provision of necessary detention or retention ponds. ➢ Roadway/Street/Parking Improvements: The Village may widen and/or vacate existing roads. Certain secondary streets/roads may be extended or constructed. Related curb, gutter, and paving improvements could also be constructed as needed. Parking facilities may be constructed that would be available to the public. Utility services may also be provided or relocated in order to accommodate redevelopment activities. Village of Lemont -Main & Maley TIF Page 26 ➢ Traffic Control/Signalization: Traffic control or signalization improvements that improve access to the RPA and enhance its redevelopment may be constructed. ➢ Public Safety -Related Infrastructure: Certain public safety improvements including, but not limited to, public signage, public facilities, and streetlights may be constructed or implemented. ➢ School District Costs: The payment of such costs may be provided pursuant to the requirements of the TIF Act. ➢ Interest Costs Coverage: The Village may fund certain interest costs incurred by a developer for construction, renovation or rehabilitation of a redevelopment project. Such funding would be paid for out of annual tax increment revenue generated from the RPA as allowed under the Act. ➢ Professional Services: The Village may fund necessary planning, legal, engineering, administrative and financing costs during project implementation. The Village may reimburse itself from annual tax increment revenue if available. Commitment to Fair Employment Practices and Affirmative Action. As part of any Redevelopment Agreement entered into by the Village and any private developers, both parties will agree to establish and implement an honorable, progressive, and goal -oriented affirmative action program that serves appropriate sectors of the Village. The program will conform to the most recent Village policies and plans. With respect to the public/private development's internal operations, both entities will pursue employment practices which provide equal opportunity to all people regardless of sex, color, race, creed, or sexual orientation. Neither party will discriminate against any employee or applicant because of sex, marital status, national origin, age, sexual orientation, or the presence of physical handicaps. These nondiscriminatory practices will apply to all areas of employment, including: hiring, upgrading and promotions, terminations, compensation, benefit programs, and education opportunities. All those involved with employment activities will be responsible for conformance to this policy and compliance with applicable state and federal regulations. The Village and private developers will adopt a policy of equal employment opportunity and will include or require the inclusion of this statement in all contracts and subcontracts at any level. Additionally, any public/private entities will seek to ensure and maintain a working environment free of harassment, intimidation, and coercion at all sites, and in all facilities at which all employees are assigned to work. It shall be specifically ensured that all on -site supervisory Village of Lemont -Main & Maley TIF Page 27 personnel are aware of and carry out the obligation to maintain such a working environment, with specific attention to minority and/or female individuals. Finally, the entities will utilize affirmative action to ensure that business opportunities are provided and that job applicants are employed and treated in a nondiscriminatory manner. Underlying this policy is the recognition by the entities that successful affirmative action programs are important to the continued growth and vitality of the community. Completion of Redevelopment Project and Retirement of Obligations to Finance Redevelopment Costs. This Redevelopment Project and retirement of all obligations to finance redevelopment costs will be completed within twenty-three (23) years after the adoption of an ordinance designating the Redevelopment Project Area. The actual date for such completion and retirement of obligations shall not be later than December 31 of the year in which the payment to the municipal treasurer pursuant to the Act is to be made with respect to ad valorem taxes levied in the twenty-third calendar year after the ordinance approving the RPA is adopted. Village of Lemont -Main & Maley TIF Page 28 VIII. PROVISIONS FOR AMENDING THE TIF PLAN AND PROJECT This Plan may be amended pursuant to the provisions of the Act. Village of Lemont -Main & Maley TIF Page 29 APPENDIX i Legal Description of Project Area Legal Description and PINS of Village of Lemont Main & Maley Redevelopment Project Area Commencing at the intersection of the north line of PIN 22-14-300-037 with the west line of the West 1/2 Southwest 1/4 of Section 14, Township 37 North, Range 11, East of the Third Principal Meridian in Cook County, Illinois; thence northeasterly along the north line of PIN 22-14-300-037 to the north line of the East 1/2 of the Southwest 1/4 of said Section 14; thence easterly to the east line of PIN 22-14-400-037; thence south to the south line of PIN 22-14-400-037; thence west to the east line of PIN 22- 14-400-039; thence south to the south line of PIN 22-14-400-039; thence east to the east line of the West 1/2 of the Southeast 1/4 of said Section 14; thence south to the south line of PIN 22-14-400-019; thence west to the east line of PIN 22-14-400-017; thence south to the south line of PIN 22- 14-400-017; thence west along the south line of PIN 22-14-400-017 to the west line of PIN 22-14-400-017; thence north to the north line of Chicago - Joliet Road; thence westerly along the north line of Chicago -Joliet Road to the east line of PIN 22-14-3 00-021; thence north to the north line of PIN 22-14-3 00-021; thence westerly along the north line of PIN 22-14- 300-021 to the east line of PIN 22-14-300-016; thence westerly along the north line of PIN 22-14-300-016 and PIN 22-14-300-020 to the west line of the West 1/2 Southwest 1/4 of said Section 14; thence north along said west line of the West 1/2 Southwest 1/4 of said Section 14, to the point of beginning, in Cook County, Illinois. 22-14-300-029-0000 22-14-300-031-0000 22-14-300-034-0000 22-14-300-035-0000 22-14-300-036-0000 22-14-300-037-0000 22-14-300-039-0000 22-14-300-040-0000 22-14-300-042-0000 22-14-300-043-0000 22-14-300-044-0000 22-14-300-045-0000 22-14-400-005-0000 22-14-400-015-0000 22-14-400-017-0000 22-14-400-018-0000 22-14-400-019-0000 22-14-400-024-0000 22-14-400-028-0000 22-14-400-029-0000 22-14-400-030-0000 22-14-400-031-0000 22-14-400-032-0000 22-14-400-034-0000 22-14-400-035-0000 22-14-400-036-0000 22-14-400-037-0000 22-14-400-039-0000 22-14-400-040-0000 APPENDIX 2 Boundary Map of RPA 5 A � W n d' u x gg APPENDIX 3 Existing and Future Land Use Map of RPA IOP co LO cq 0 d� ccq G'7 -,-4 � O � p 4-4 � t11io � p U N an U �-+ N U N 1� I LU a 0 a i i i --------------------- _ y d �: ml gl£F1 pp 1� i , 4 3 r F F N 0 a a s . Qa a3xava Y� Oa A9a30 w� i8 giviS Jd, S r • CU W N N ti � N J �+ 3 (D a Z LL O S r� U @ - O e� , M z Z U�Z 0O c O �o nJ o o E CL co Y O m J C C ..+ _ •2, E X a 7 Ncl a� U U z U 2 w= U C U !. - APPENDIX 4 TIF Eligibility Report Prepared by Ryan, LLC Draft Dated 11 /25/2025 VILLAGE OF LEMONT TIF QUALIFICATION REPORT PROPOSED MAIN & MALEY REDEVELOPMENT PROJECT AREA A study to determine whether a portion of an area located in the Village of Lemont qualifies, in part, as a "conservation area" and, in part, as a "blighted vacant area" as set forth in the definitions of the Tax Increment Allocation Redevelopment Act, 65 ILCS 5/11-74.4-3, et. sec ., as amended. Prepared For: Village of Lemont, Illinois Prepared By: Ryan, LLC November 2025 TABLE OF CONTENTS I. INTRODUCTION AND BACKGROUND.............................................................I II. QUALIFICATION CRITERIA USED...................................................................4 III. THE PROPOSED RPA..........................................................................................10 IV. METHODOLOGY OF EVALUATION............................................................... I t V. QUALIFICATION OF RPA/FINDINGS OF ELIGIBILITY ............................12 VI. SUMMARY OF FINDINGS AND OVERALL ASSESSMENT OF QUALIFICATION.................................................................................................19 EXHIBIT 1: Legal Description EXHIBIT 2: Boundary Map EXHIBIT 3: Engineer Report - Chronic Flooding EXECUTIVE SUMMARY Ryan, LLC (Ryan) has been retained by the Village of Lemont (the "Village") to conduct an analysis of the potential qualification and designation of an area that would result in the establishment of the Village's proposed Main & Maley TIF District (the "TIF District"). The Village is pursuing the proposed TIF District as part of its overall strategy to promote the revitalization of key under-utilized properties located within the Village. For purposes of this Report, Ryan has subdivided its qualification analysis of the proposed Main & Maley TIF District properties into two major classifications: • Improved land — This classification is for all land within the proposed TIF District that is primarily occupied by structures and/or other improvements ("Improved Parcels"); and • Vacant land — This classification is for all the land within the proposed TIF District that is primarily vacant ("Vacant Parcels"). Based upon the analysis completed to date, Ryan has reached the following conclusions regarding the potential qualification for the vacant land and the improved land within the proposed Main & Maley TIF District: 1) The Improved Parcels within the proposed TIF District, qualify as a "conservation area" under the Act. Overall, the improved land within the proposed TIF District has either declined, or is in danger of declining, toward a blighted condition. This condition prevents, or threatens to prevent, the economic and physical development or redevelopment of properties in a manner that the community considers essential to its overall economic health. In Ryan's view, the improved land portion of the proposed TIF District meets the requirements for designation as a conservation area under the Act. 2) The Vacant Parcels within the proposed TIF District qualify as a "blighted -vacant area" pursuant to the Act. Portions of the vacant land have never been developed, and other parcels have been vacated or abandoned. This vacant land has proven to lack economic viability for development due to certain adverse conditions. These adverse conditions prevent or threaten to prevent the development of these properties which the community deems essential to the health of the local economy. In Ryan's view, the vacant land portion of the proposed TIF District meets the requirements for designation as a blighted -vacant area under the Act. 3) The existence of all of the adverse conditions found within the proposed TIF District presents a serious barrier to the area's successful redevelopment because these factors negatively impact the likelihood of coordinated and substantial private sector investment in the proposed TIF District. Without use of the Village's land -use planning and economic development resources to mitigate such factors, potential redevelopment projects (along with other economic development efforts that require private sector investment) are not likely to be economically feasible. 4) Within the proposed TIF District, there are several potential redevelopment sites with potential to produce incremental property tax revenue. Such revenue, used in combination with other Village resources for redevelopment incentives or public improvements, would help stimulate private investment and reinvestment in these sites and ultimately throughout the proposed TIF District. 5) Mitigation of the existing blighting conditions would improve the economic redevelopment potential of the proposed TIF District and promote private sector investment and development efforts, Ryan recommends that the Village proceed with the formal TIF designation process for the entire area. The Ryan analysis of the proposed TIF District in conjunction with statutory criteria is outlined on the following pages. This Study assumes that all properties in the Study Area will be annexed into the Village prior to adoption of all relevant TIF Ordinances. I. INTRODUCTION AND BACKGROUND The purpose of this Eligibility Report is to identify the criteria for establishing the Main & Maley Redevelopment Project Area ("RPA") by means of "conservation area" and "blighted area" qualification factors, as defined by the Tax Increment Allocation Redevelopment Act (the "Act") (65 ILCS 5/11-74.4-1, et seq.). The "conservation area" qualification factors refer to the improved portion of the RPA, and the "blighted area" qualification factors refer to the vacant portion of the RPA, both to be included in the Main & Maley Redevelopment Project Area. The Act was established to assist Illinois municipalities "promote and protect the health, safety, morals, and welfare of the public, that blighted conditions need to be eradicated and conservation measures instituted, and that redevelopment of such areas be undertaken; that to remove and alleviate adverse conditions it is necessary to encourage private investment and restore and enhance the tax base of the taxing districts in such areas by the development or redevelopment of project areas" (65 ILCS 5/11-74.4-2(b). In the context of planning for the proposed RPA within the boundaries legally described in Exhibit 1 and in the map attached hereto as Exhibit 2, the Village of Lemont has authorized the study of the RPA within the boundaries described in the map attached hereto in its entirety to determine whether it qualifies for consideration as a Tax Increment Financing District. Ryan has agreed to undertake the study of the RPA. The RPA is partially bifurcated by Maley Road and is generally bounded by the Metra Heritage Corridor rail tracks on the north, Main Street on the south, Parker Road, as extended, and the Village boundary on the west, and certain parcels abutting the ComEd right of way on the east. The qualification factors discussed within this Report qualify the improved portion of the RPA as a "conservation area" and the vacant portion of the RPA as a "blighted vacant area", as those terms are hereinafter defined pursuant to 65 ILCS 5/11-74.4-3 et. sec., as amended. The RPA consists of twenty-six (26) improved parcels and three (3) vacant parcels, for a total of twenty-nine (29) parcels. The RPA as a whole demonstrates the need for site preparation, building rehabilitation, extensive storm management and other infrastructure improvements and application of modern community planning standards in order to encourage economic stabilization and private redevelopment activities in the RPA. The area also suffers from high vehicular traffic issues which also need improvement to both sustain and promote potential new commercial and industrial related developments. The Village believes that the TIF District designation is an essential part of its strategy to address these issues. TIF Qualification Report: Main & Maley TIF Village of Lemont, Illinois OBJECTIVES Consistent with the Village's Comprehensive Plan (2014), the Village's redevelopment objective is to promote a mix of industrial and commercial redevelopment within the proposed TIF District. To achieve this objective, the Village has established the following guidelines that would apply to the proposed TIF District: Encourage commercial and industrial development by facilitating the assembly, preparation and marketing of improved and vacant sites, and assisting private developers to assemble suitable sites for modern development needs; 2. Foster construction and improvement of infrastructure, as needed, including streets, curbs, gutters, detention -related improvements, storm management, water and sanitary systems, and public and private utilities in order to stabilize existing industrial areas and to facilitate the construction of new commercial and industrial development; 3. Assist in the site preparation of the RPA for commercial and industrial development including environmental remediation as needed; 4. Develop the area in relation to the traffic system for improved accessibility to the area; and 5. Coordinate development and redevelopment efforts with adjacent uses thus improving the surrounding environment. Given the Village of Lemont's goals for its future development and growth, as well as the conditions briefly described above, the Village has made a determination that it is highly desirable to promote the redevelopment of the RPA. Without an implementation plan for redevelopment, the Village believes current properties within the RPA will remain underutilized. The Village intends to create and implement a redevelopment plan in order to increase tax revenues associated with the RPA and to increase the community's tax base. The Village has determined that redevelopment takes place through the benefit and guidance of comprehensive economic planning by the Village. Through this coordinated effort, the area is expected to improve. Development barriers, inherent with current conditions which impede economic growth under existing market standards, will be addressed. The Village has determined that redevelopment currently planned for the RPA may only be feasible with public financial assistance. The Village's utilization of a TIF District redevelopment plan is intended to help provide the assistance required to eliminate conditions detrimental to successful redevelopment of the area. TIF Qualification Report. Main & Maley TIF Village of Lemont, Illinois 2 The implementation of TIF is intended to induce private redevelopment in the RPA, therefore creating higher real estate value that would otherwise potentially decline or stagnate without such investment, leading to increased property taxes compared to previous land -uses (or lack of uses). In this way, the existing tax base for all taxing districts is preserved and a portion of future increased taxes are pledged for attracting the needed private investment. Because the Village will not consider the redevelopment of residential parcels that would dislocate 10 or more residential units within the proposed TIF district, the Village will not conduct a housing impact study pursuant to the TIF Act. TIF Qualification Report: Main & Maley TIF Village of Lemont, Illinois II. QUALIFICATION CRITERIA USED With the assistance of Village staff, Ryan examined the RPA from beginning in August, 2025 to the date of this report, and reviewed data collected for the area to determine the presence or absence of appropriate qualifying factors listed in the Act. Based upon Ryan's evaluation of the data and parcels in the proposed TIF Project Area and analysis of each of the eligibility factors summarized in Section II, the following factors are presented to support qualification of the proposed TIF District in part (with respect to improved parcels in the RPA) as a "conservation area" and in part (with respect to certain vacant parcels in the RPA) as a "blighted vacant area." These factors are found to be clearly present and reasonably distributed throughout the TIF Project Area, as required under the TIF Act. The factors are summarized in the table below. Sub-AreasQualifying FactorsPresent Proposed RPA Possible Factors Factors Needed in Proposed TIF Area Per to Qualify Per Conservation Area 13 Statute 3 • Deterioration • Inadequate Utilities • Lag/Decline in EAV • Deleterious Layout • Lack of Community Planning Blighted Vacant Stand Alone: 6 Stand Alone: 1 • Chronic Flooding Blighted Vacant Combination: 6 Combination: 2 • Deterioration of Adjacent Structures • Lag/Decline in EAV The Act sets out specific procedures, which must be adhered to in designating a redevelopment project area. By definition, a "Redevelopment Project Area" is: "an area designated by the municipality, which is not less in the aggregate than 1 1/2 acres and with respect to which the municipality has made a finding that there exist conditions which cause the area to be classified as a blighted area or a conservation area, or a combination of both blighted area and conservation area." Under the Act, "conservation area" is defined as "any improved area within the boundaries of a redevelopment project area located within the territorial limits of the municipality in which fifty percent (50%) or more of the structures in the area have an age of thirty-five (35) years or more. Such an area is not yet a blighted area, but because of a combination of three (3) or more of the following factors is detrimental to the public safety, health, morals or welfare and such an area may become a blighted area: TIF Qualification Report: Main & Maley TIF Village of Leneont, Illinois El (A) Dilapidation: An advanced state of disrepair or neglect of necessary repairs to the primary structural components of building or improvements in such a combination that a documented building condition analysis determines that major repair is required or the defects are so serious and so extensive that the buildings must be removed. (B) Obsolescence: The condition or process of falling into disuse. Structures become ill -suited for the original use. (C) Deterioration: With respect to buildings, defects including, but not limited to major defects in the secondary building components such as doors, windows, porches, gutters and downspouts and fascia. With respect to surface improvements, that the condition of roadways, alleys, curbs, gutters, sidewalks, off-street parking and surface storage areas evidence deterioration, including, but not limited to, surface cracking, crumbling, potholes, depressions, loose paving material and weeds protruding through paved surfaces. (D) Presence of Structures Below Minimum Code Standards: All structures that do not meet the standards of zoning, subdivision, building, fire and other governmental codes applicable to property, but not including housing and property maintenance codes. (E) Illegal Use of Individual Structures: The use of structures in violation of applicable federal, State, or local laws, exclusive of those applicable to the presence of structures below minimum code standards. (F) Excessive Vacancies: The presence of buildings that are unoccupied or under-utilized and that represent an adverse influence on the area because of the frequency, extent or duration of the vacancies. (G) Lack of Ventilation, Light, or Sanitary Facilities: The absence of adequate ventilation for light or air circulation in spaces or rooms without windows, or that require the removal of dust, odor, gas, smoke or other noxious airborne materials. Inadequate natural light and ventilation means the absence of skylights or windows for interior spaces or rooms and improper window sizes and amounts by room area to window area ratios. Inadequate sanitary facilities refer to the absence or inadequacy of garbage storage and enclosure, bathroom facilities, hot water and kitchens and structural inadequacies preventing ingress and egress to and from all rooms and units within a building. (H) Inadequate Utilities: Underground and overhead utilities such as storm sewers and storm drainage, sanitary sewers, water lines and gas, telephone and electrical services that are shown to be inadequate. Inadequate utilities are those that are: (i) of insufficient capacity to serve the uses in the redevelopment project TIF Qualification Report: Main & Maley TIF Village of Lemont, Illinois E area; (ii) deteriorated, antiquated, and obsolete or in disrepair; or (iii) lacking within the redevelopment project area. (I) Excessive Land Coverage and Overcrowding of Structures and Community Facilities: The over -intensive use of property and the crowding of buildings and accessory facilities onto a site. Examples of problem conditions warranting the designation of an area is one exhibiting excessive land coverage are: (i) the presence of buildings either improperly situated on parcels or located on parcels of inadequate size and shape in relation to present-day standards of development for health and safety and (ii) the presence of multiple buildings on a single parcel. For there to be a finding of excessive land coverage, these parcels must exhibit one or more of the following conditions: insufficient provision for light and air within or around buildings, increased threat of spread of fire due to the close proximity of buildings, lack of adequate or proper access to a public right-of-way, lack of reasonably required off-street parking or inadequate provision for loading service. (J) Deleterious Land -Use or Layout: The existence of incompatible land -use relationships, buildings occupied by inappropriate mixed -uses or uses considered to be noxious, offensive or unsuitable for the surrounding area. (K) Environmental Clean -Up: The redevelopment project area has incurred Illinois Environmental Protection Agency or United States Environmental Protection Agency remediation costs for, or a study conducted by an independent consultant recognized as having expertise in environmental remediation has determined a need for the clean-up of hazardous waste, hazardous substances or underground storage tanks required by State or federal law, provided that the remediation costs constitute a material impediment to the development or redevelopment of the redevelopment project area. (L) Lack of Community Planning: The redevelopment project area was developed prior to or without the benefit or guidance of a community plan. This means that the development occurred prior to the adoption by the municipality of a comprehensive or other community plan or that the plan was not followed at the time of the area's development. This factor must be documented by evidence of adverse or incompatible land -use relationships, inadequate street layout, improper subdivision, parcels of inadequate shape and size to meet contemporary development standards or other evidence demonstrating an absence of effective community planning. (M) The total equalized assessed value of the redevelopment project area has declined for three (3) of the last five (5) calendar years prior to the year in which the redevelopment project area is designated, or is increasing at an annual rate that is less than the balance of the municipality for three (3) of the last five (5) calendar years, for which information is available or increasing at an annual rate that is less than the Consumer Price Index for All Urban Consumers published by the United TIF Qualification Report: Main & Maley TIF Village of Lemont, Illinois on States Department of Labor or successor agency for three (3) of the last five (5) calendar years prior to the year in which the redevelopment project area is designated. TIF Qualification Report. Main & Maley TIF Village of Lemont, Illinois 7 Also under the Act, if "blighted vacant," the sound growth of the redevelopment project area is impaired by one of the following factors that (i) is present, with that presence documented, to a meaningful extent so that a municipality may reasonably find that the factor is clearly present within the intent of the Act and (ii) is reasonably distributed throughout the vacant part of the redevelopment project area to which it pertains: (A) The area consists of one or more unused quarries, mines, or strip mine ponds. (B) The area consists of unused railyards, rail tracks, or railroad rights -of -way. (C) The area, prior to its designation, is subject to (i) chronic flooding that adversely impacts on real property in the area as certified by a registered professional engineer or appropriate regulatory agency or (ii) surface water that discharges from all or a part of the area and contributes to flooding within the same watershed, but only if the redevelopment project provides for facilities or improvements to contribute to the alleviation of all or part of the flooding. (D) The area consists of an unused or illegal disposal site containing earth, stone, building debris, or similar materials that were removed from construction, demolition, excavation, or dredge sites. (E) Prior to November 1, 1999, the area is not less than 50 nor more than 100 acres and 75% of which is vacant (notwithstanding that the area has been used for commercial agricultural purposes within 5 years prior to the designation of the redevelopment project area), and the area meets at least one of the factors itemized in paragraph (1) of this subsection, the area has been designated as a town or village center by ordinance or comprehensive plan adopted prior to January 1, 1982, and the area has not been developed for that designated purpose. (F) The area qualified as a "blighted area" immediately prior to becoming vacant, unless there has been substantial private investment in the immediately surrounding area. The improved portion of the RPA was examined as a "blighted area" by the definition of the Act. The detailed definition of a "blighted area" is located at the beginning of Section II. TIF Qualification Report. Main & Maley TIF Village of Lemont, Illinois i Also under the act, if "blighted vacant," the sound growth of the redevelopment project area is impaired by a combination of 2 or more of the following factors, each of which is (i) present, with that presence documented, to a meaningful extent so that a municipality may reasonably find that the factor is clearly present within the intent of the Act and (ii) reasonably distributed throughout the vacant part of the redevelopment project area to which it pertains: (A) Obsolete platting of vacant land that results in parcels of limited or narrow size or configurations of parcels of irregular size or shape that would be difficult to develop on a planned basis and in a manner compatible with contemporary standards and requirements, or platting that failed to create rights -of -ways for streets or alleys or that created inadequate right-of-way widths for streets, alleys, or other public rights -of -way or that omitted easements for public utilities. (B) Diversity of ownership of parcels of vacant land sufficient in number to retard or impede the ability to assemble the land for development. (C) Tax and special assessment delinquencies exist or the property has been the subject of tax sales under the Property Tax Code within the last 5 years. (D) Deterioration of structures or site improvements in neighboring areas adjacent to the vacant land. (E) The area has incurred Illinois Environmental Protection Agency (EPA) or United States EPA remediation costs for, or a study conducted by an independent consultant recognized as having expertise in environmental remediation has determined a need for, the clean-up of hazardous waste, hazardous substances, or underground storage tanks required by State or federal law, provided that the remediation costs constitute a material impediment to the development or redevelopment of the redevelopment project area. (F) The total equalized assessed value of the proposed redevelopment project area has declined for 3 of the last 5 calendar years prior to the year in which the redevelopment project area is designated or is increasing at an annual rate that is less than the balance of the municipality for 3 of the last 5 calendar years for which information is available or is increasing at an annual rate that is less than the Consumer Price Index for All Urban Consumers published by the United States Department of Labor or successor agency for 3 of the last 5 calendar years prior to the year in which the redevelopment project area is designated. TIF Qualification Report: Main & Maley TIF Village of Lemont, Illinois E THE PROPOSED RPA The RPA is partially bifurcated by Maley Road and is generally bounded by the Metra Heritage Corridor rail tracks on the north, Main Street on the south, certain parcels north of Parker Road and the Village boundary on the west, and certain parcels abutting the ComEd right of way on the east. Adjacent rights -of -way are also included. The improved portion of the RPA consists of twenty-six (26) tax parcels containing several commercial and industrial buildings and various site improvements. The blighted vacant portion of the RPA consists of three (3) tax parcels without structures. TIF Qualification Report: Main & Maley TIF Village of Lemont, Illinois 10 III. METHODOLOGY OF EVALUATION In evaluating the RPA's potential qualification as a TIF District, Ryan reviewed the area in its entirety and utilized the following methodology: 1) Site surveys of the RPA were undertaken by representatives from Ryan. Site surveys were completed for each tract of land (based upon tax maps), within the area. 2) Exterior evaluation of structures, noting such conditions as lack of community planning and deleterious layout and land -use was completed. Additionally, tax levy years 2018 through 2023 Equalized Assessed Valuation ("EAV") and Assessed Valuation ("AV") information from the Cook County Cleric's Office, tax parcel maps, site photographs, site data, local history (discussions with Village staff) and an evaluation of area -wide factors that have affected the area's development were evaluated (Refer to Section V.). Village redevelopment goals and objectives for the area were also reviewed with Village staff. 3) Existing site conditions were initially surveyed only in the context of checking, to the best and most reasonable extent available, whether TIF qualification factors (such as chronic flooding) exist in specific site conditions on the parcels. The area was studied taking into account available Village economic development planning reports, Village ordinances, EAV information from the Cook County Clerk's Office and Village records, tax parcel maps, site photos, site data, local history (discussions with Village staff and the Village engineers), and an evaluation of area -wide factors that have affected the area's development (Refer to Section V.). 4) The RPA was examined to assess the applicability of qualification factors for TIF designation under the Act. TIF Qualification Report: Main & Maley TIF Village of Lemont, Illinois 11 IV. QUALIFICATION OF RPA/FINDINGS OF ELIGIBILITY As a result of Ryan's evaluation of the RPA, and analysis of each of the eligibility factors summarized in Section II, it has been determined that the following factors are present to support qualification of the RPA in part as a "conservation area" and in part as a "blighted area." IMPROVED AREA FACTORS — CONSERVATION AREA A. Threshold Qualification Age. Based upon site surveys and Cook County and Village data, 8 of the 12 structures in the improved portion of the RPA, or two thirds (66.7%) were found to be thirty-five (35) years of age or older. B. Other Conservation Factors (must include three or more factors under the Act 1) Lag in Equalized Assessed Value The Act states, "The total equalized assessed value of the proposed redevelopment project area has declined for three (3) of the last five (5) calendar years prior to the year in which the redevelopment project area is designated, or is increasing at an annual rate that is less than the balance of the municipality for three (3) of the last five (5) calendar years, for which information is available or increasing at an annual rate that is less than the Consumer Price Index for All Urban Consumers published by the United States Department of Labor or successor agency for three (3) of the last five (5) calendar years prior to the year in which the redevelopment project area is designated". TIF Qualification Report: Main & Maley TIF Village of Lemont, Illinois 12 The total Equalized Assessed Value ("EAV") of the improved portion of the RPA declined in three (3) of the past five (5) years. Additionally, the EAV of the improved portion of the RPA lagged behind the Consumer Price Index ("CPI") for three (3) of the last five (5) years. 2023 2022 2021 2020 2019 RPA EAV $10,782,208 $12,134,685 $11,095,616 $11,370,248 $7,686,007 Percentage of Change -11.1 % 9.4% -2.4% 47.9% -21.6% Village EAV $976,934,316 $716,584,154 $721,709,307 $733,660,196 $680,520,825 Less TIF RPA $966,152,108 $704,449,469 $710,613,691 $762,289,948 $672,834,818 Percent Change 37.1 % -0.9% -6.8% 13.3% 2.1 % CPI 4.10% 8.0% 4.7% 1.2% 1.8% Source: Cook County Clerk's Office and US Bureau of Labor Statistics 2) Lack of Community Planning Under the Act, "Lack of Community Planning" refers to "the proposed redevelopment project area was developed prior to or without the benefit or guidance of a community plan. This means that the development occurred prior to the adoption by the municipality of a comprehensive or other community plan or that the plan was not followed at the time of the area's development. This factor must be documented by evidence of adverse or incompatible land -use relationships, inadequate street layout, improper subdivision, parcels of inadequate shape and size to meet contemporary development standards, or other evidence demonstrating an absence of effective community planning". Evidence of the area's lack of community planning can be seen in its lack of adequate roadways, gutters, sidewalks, curbs and overhead lights compared to today's modern planning standards. According to Village staff, certain roadways within the TIF District are in such poor conditions that they have limited capacity to safely handle traffic. In order for redevelopment to occur, adequate road access is required. In general, much of the piecemeal development that occurred took place in an unincorporated area that was not subject to a municipal planning process; logically, the area could not have developed according to a community or comprehensive plan. TIF Qualification Report. Main & Maley TIF Village of Lemont, Illinois 13 3) Inadequate Utilities Under the Act, inadequate utilities can be defined as underground and overhead utilities such as storm sewers, storm drainage, sanitary sewers, water lines and gas, telephone and electrical services that are shown to be inadequate. Inadequate utilities are those that are: of insufficient capacity to serve the uses in the RPA, deteriorated, antiquated, and obsolete or in disrepair or are lacking within the RPA. According to Village staff, the utilities located in the Study Area are undersized and inadequately located to serve additional development. As the area continues to develop, new structures and uses will place additional strain on the already insufficient conditions and further limit capacity. 4) Deleterious Land -Use or Layout Under the Act, deleterious Land -Use or Layout refers to "the existence of incompatible land -use relationships, buildings occupied by inappropriate mixed -uses or uses considered to be noxious, offensive or unsuitable for the surrounding area". Deleterious land use or layout can be seen in the commercial, industrial, and other improvements within the proposed TIF District. These areas have been developed in a piecemeal fashion without the guidance of a plan for coordinated development. As noted earlier, this is because much of this piecemeal development took place in an unincorporated area that was not subject to a municipal planning process. This has been complicated by the inadvertent creation of mixed and uneven borders at unincorporated portions of Cook County to the south as portions of the unincorporated area were sporadically annexed into the Village over a long period of time. As described previously, the piecemeal development of the RPA is at least partly attributable to a lack of community planning going back over fifty years. As a result of this fragmented development over a long period of time, the area's industrial uses lack sufficient road infrastructure for the volume of truck traffic that is present. Examples of this occur where access to the industrial areas is by way of the private Maley Road. Main Street to the east of Maley Road observes an average daily traffic count of 13,700 vehicles, according to IDOT. Truck drivers face challenges entering industrial properties from Main Street due to its narrow two-lane road configuration. This issue is exacerbated by the fact that the intersection of Main Street and Maley Road lacks signalization or adequate turning lanes. Additional redevelopment will require reconfiguring traffic management for the area. In addition to these factors, planning guidelines for such components as landscape and streetscape treatments, buffering between uses, provision for adequate loading and unloading and sufficient parking were not addressed when certain of these industrial parcels were developed. TIF Qualification Report. Main & Maley TIF Village of Lemont, Illinois 14 S) Deterioration The Act states, "With respect to buildings, defects including, but not limited to major defects in the secondary building components such as doors, windows, porches, gutters and downspouts and fascia. With respect to surface improvements, that the condition of roadways, alleys, curbs, gutters, sidewalks, off-street parking, and surface storage areas evidence deterioration, including, but not limited to, surface cracking, crumbling, potholes, depressions, loose paving material, and weeds protruding through paved surfaces. The RPA shows signs of deterioration of both site improvements and building structures. Various degrees of deterioration were identified throughout the area, ranging from minor to extremely severe. The below indicators of deterioration were found distributed throughout the RPA. Sur ace Improvements: Site improvements within the RPA were observed to possess the following signs of deterioration: • Extensively cracked and crumbling asphalt pavement, along with potholes and other settlement in parking lot areas and driveways, requiring re -surfacing. • Weed and vegetation growth in cracked pavement and/or loose pavement material in parking lot areas and driveways. • Faded and cracked parking space striping and curb caution paint, requiring re- painting. • Crumbling curb and gutter throughout parking areas and approaches, requiring removal and replacement. • Cracked public and private service walks with weed growth. Building Improvements. - Building deterioration was found to consist of cracked or damaged exterior building surfaces including masonry facades in need of tuckpointing, faded and peeling trim paint, deteriorated windows or doors or window/door frames, rusted metal service doors, rusted metal fencing, and damaged gutters or downspouts, for example. TIF Qualification Report. Main & Maley TIF Village of Lemont, Illinois 15 VACANT BLIGHTED AREA Vacant land within the RPA qualifies as a "blighted -vacant area" pursuant to the TIF Act. Currently, the vacant land lacks economic viability for development due to certain adverse conditions. As a result, it prevents or threatens to prevent the beneficial economic and physical development of properties the community deems essential to its overall economic health. In the opinion of Ryan, the subject vacant land meets the requirements for designation as a blighted -vacant area under the TIF Act. VACANT BLIGHTED AREA - STAND ALONE FACTOR Based upon Ryan's evaluation of certain parcels in the proposed RPA, Ryan has determined, based on assistance and analysis by Burke Engineering that a vacant portion of the RPA qualifies as "blighted vacant" pursuant to the TIF Act, due to the presence of the following factors being present. 1) Chronic Flooding. The vacant portions of the RPA were found to qualify under the TIF Act using a single stand-alone factor of Chronic Flooding. The TIF Act provides that if an area, prior to its designation, is subject to ["chronic flooding that adversely impacts on real property in the area as certified by a registered professional engineer or appropriate regulatory agency" and "the redevelopment project provides for facilities or improvements to contribute to the alleviation of all or part of the flooding," then a finding of chronic flooding can be made.] According to the memorandum supplied by Burke Engineering (Exhibit 3), "Portions of the parcels within the proposed TIF District meet the criterion of chronic flooding as indicated by either the presence of floodplain, wetland, and/or poor draining soils..." Additionally, Burke Engineering indicated that "Parcels cannot be developed without providing stormwater management, coordinating and permitting with the U.S. Army Corps of Engineers and MWRD (Cook County) for wetland impacts." VACANT AREA FACTORS — BLIGHTED AREA The vacant portion of the RPA is found to also qualify as a vacant "blighted area" under the Act, since certain qualifying factors were found to be present at the vacant tax parcels. 1) Deterioration of Structures or Site Improvements Adjacent to Vacant Land As noted previously, the areas immediately adjacent to the vacant portion of the RPA showed signs of deterioration in both structures and site improvements. Various degrees of deterioration were identified throughout the adjacent area ranging from minor TIF Qualification Report: Main & Maley TIF Village of Lemont, Illinois 16 to extremely severe. With respect to surface improvements, deterioration was found along roadways, driveways, and parking areas. These examples of deterioration were found distributed throughout the areas adjacent to the vacant portion of the RPA. Also as noted previously, the following signs of site improvement deterioration within the RPA were observed: • Extensively cracked and crumbling asphalt pavement, along with potholes and other settlement in parking lot areas and driveways, requiring re -surfacing. • Weed and vegetation growth in cracked pavement and/or loose pavement material. • Faded and cracked parking space striping and curb caution paint, requiring re- painting. • Crumbling curb and gutter throughout parking areas and approaches, requiring removal and replacement. • Cracked public walks with weed growth. Again, building deterioration was found to consist of cracked or damaged exterior building surfaces including masonry facades in need of tuckpointing, faded and peeling trim paint, deteriorated windows or doors or window/door frames, rusted metal service doors, rusted metal fencing, and damaged gutters or downspouts, for example. 2) Lag in Equalized Assessed Value The Act states, "The total equalized assessed value of the proposed redevelopment project area has declined for three (3) of the last five (5) calendar years prior to the year in which the redevelopment project area is designated, or is increasing at an annual rate that is less than the balance of the municipality for three (3) of the last five (5) calendar years, for which information is available or increasing at an annual rate that is less than the Consumer Price Index for All Urban Consumers published by the United States Department of Labor or successor agency for three (3) of the last five (5) calendar years prior to the year in which the redevelopment project area is designated". TIF Qualification Report: Main & Maley TIF Village of Lemont, Illinois 17 The total Equalized Assessed Value ("EAV") for the vacant portion of the RPA lagged behind the Consumer Price Index ("CPI") for three (3) of the last five (5) years. MAIN & MALEY TIF VACANT PROPERTY EAV 2023 2022 2021 2020 2019 Vacant RPA Area EAV $350,311 $346,619 $348,722 $382,151 $63,508 Percentage of Change 1.1 % -0.6% -8.7% 501.7% 3.2% Village EAV $976,934,316 $716,584,154 $721,709,307 $733,660,196 $680,520,825 Less TIF RPA $976,584,005 $716,237,535 $721,360,585 $773,278,045 $680,457,317 Percent Change 36.3% -0.7% -6.7% 13.6% 1.7% CPI 4.10% 8.0% 4.7% 1.2% 1.8% TIF Qualification Report: Main & Maley TIF Village of Lemont, Illinois I: V. SUMMARY OF FINDINGS AND OVERALL ASSESSMENT OF QUALIFICATION The following is a summary of relevant qualification findings as it relates to the establishment of a TIF District by the Village: 1. The area is contiguous and is greater than 1'/2 acres in size. 2. Improved portions of the RPA qualify as a "conservation area". Vacant portions of the RPA qualify as a "blighted vacant area." Summaries of the qualification findings are outlined in Section V. 3. All property in the area would substantially benefit by the redevelopment project improvements. 4. The sound growth of taxing districts applicable to the area, including the Village, has been impaired by the factors found present in the area. 5. The area would not be subject to redevelopment without the investment of public funds, including property tax increments. Conclusion Based upon Ryan's evaluation of parcels in the proposed TIF Project Area and analysis of each of the eligibility factors summarized in Section II, Ryan finds that sufficient factors are present to support qualification of the proposed TIF District in part as a "conservation area" and in part as a "blighted vacant area." These factors are found to be clearly present and reasonably distributed throughout the TIF Project Area. In the judgement of Ryan, these findings provide the Village with sufficient justification to consider a formal process for adopting the RPA as the Main & Maley TIF District. The area has not benefited from coordinated planning efforts by either the public or private sectors. There is a need to focus redevelopment efforts relating to business attraction as well as the coordination of redevelopment efforts for modern mixed -use redevelopment. These efforts will be important to the area's stability and growth and, therefore, an increase in its tax base. The eligibility findings indicate that the area is in need of revitalization and guided growth to ensure that it will contribute to the long-term physical, economic, and social well- being of the Village. The factors discussed herein indicate the area has not been subject to sound growth and development through investment by private enterprise and is not likely to be developed but for the assistance of TIF. TIF Qualification Report: Main & Maley TIF Village of Lemont, Illinois 19 EXHIBIT 1: Legal Description Legal Description and PINS of Village of Lemont Main & Maley Redevelopment Project Area Commencing at the intersection of the north line of PIN 22-14-300-037 with the west line of the West 1/2 Southwest 1/4 of Section 14, Township 37 North, Range 11, East of the Third Principal Meridian in Cook County, Illinois; thence northeasterly along the north line of PIN 22-14-300-037 to the north line of the East 1/2 of the Southwest 1/4 of said Section 14; thence easterly to the east line of PIN 22-14-400-037; thence south to the south line of PIN 22-14-400-037; thence west to the east line of PIN 22- 14-400-039; thence south to the south line of PIN 22-14-400-039; thence east to the east line of the West 1/2 of the Southeast 1/4 of said Section 14; thence south to the south line of PIN 22-14-400-019; thence west to the east line of PIN 22-14-400-017; thence south to the south line of PIN 22- 14-400-017; thence west along the south line of PIN 22-14-400-017 to the west line of PIN 22-14-400-017; thence north to the north line of Chicago - Joliet Road; thence westerly along the north line of Chicago -Joliet Road to the east line of PIN 22-14-300-021; thence north to the north line of PIN 22-14-3 00-021; thence westerly along the north line of PIN 22-14- 300-021 to the east line of PIN 22-14-300-016; thence westerly along the north line of PIN 22-14-300-016 and PIN 22-14-300-020 to the west line of the West 1/2 Southwest 1/4 of said Section 14; thence north along said west line of the West 1/2 Southwest 1/4 of said Section 14, to the point of beginning, in Cook County, Illinois. 22-14-300-029-0000 22-14-300-031-0000 22-14-300-034-0000 22-14-300-035-0000 22-14-300-036-0000 22-14-300-037-0000 22-14-300-039-0000 22-14-300-040-0000 22-14-300-042-0000 22-14-300-043-0000 22-14-300-044-0000 22-14-300-045-0000 22-14-400-005-0000 22-14-400-015-0000 22-14-400-017-0000 22-14-400-018-0000 22-14-400-019-0000 22-14-400-024-0000 22-14-400-028-0000 22-14-400-029-0000 22-14-400-030-0000 22-14-400-031-0000 22-14-400-032-0000 22-14-400-034-0000 22-14-400-035-0000 22-14-400-036-0000 22-14-400-037-0000 22-14-400-039-0000 22-14-400-040-0000 EXHIBIT 2: Boundary Map EXHIBIT 3: Engineer Report — Chronic Flooding MEMORANDUM November 3, 2025 TO: Village of Lemont 418 Main Street Lemont, IL 60439 ATTN: George Schafer, Village Administrator FROM: Thomas T. Burke, Jr., PhD, PE Jedd Anderson, PWS, CPESC SUBJECT: Proposed TIF District at the Northeast Corner of Main and Maley Village of Lemont, Will County, IL (CBBEL Project No. 250477) Introduction Christopher B. Burke Engineering, Ltd. (CBBEL) prepared this memorandum at the request of the Village of Lemont (Village) to analyze 28 parcels proposed to be placed in a Tax Increment Finance District (TIF District). The 28 parcels are outlined in red on Exhibit 1. Exhibit 2 shows the 28 parcels with their Property Index Numbers (PINS). CBBEL was asked to determine the presence of chronic flooding by analyzing the stormwater, floodplain, and wetland issues within the proposed TIF District. Chronic Flooding is a certification as evaluated by the TIF Act. The proposed TIF District contains 28 parcels with the following PINS: 0 2214300029 0 2214400017 0 2214300031 0 2214400018 0 2214300034 0 2214400028 2214300035 0 2214400029 0 2214300036 0 2214400040 2214300037 0 2214400024 2214300039 0 2214400030 2214300040 0 2214400031 0 2214300042 0 2214400032 0 2214300043 0 2214400034 2214300044 0 2214400035 2214300045 0 2214400036 0 2214400005 0 2214400037 0 2214400015 0 2214400039 ICHRISTOPHER B. BURKE ENGINEERING, LTD. 9575 W Higgins Road, Suite 600 Rosemont, Illinois 60018-4920 Tel (847) 823-0500 Fax (847) 823-0520 MEMORANDUM The parcel PINS were obtained from Cook County GIS data. Cook County no longer provides owner information on their interactive website. The following attached exhibits were used to assist in our review: • Exhibit 1: Location Map • Exhibit 2: Proposed TIF Exhibit Parcel Map • Exhibit 3: National Wetland Inventory • Exhibit 4: Soils Survey • Exhibit 5: Hydrologic Atlas • Exhibit 6: United States Geological Survey • Exhibit 7: Flood Insurance Rate Map • Exhibit 8: Approximate Wetland Delineation • Exhibit 9: Cook County 1' Contours • Exhibit 10: Cook County Watershed Map • Exhibit 11: Tributary Overview from MWRD Calumet -Sag Channel DWP • Exhibit 12: 100-Year Inundation Areas from MWRD Calumet -Sag Channel DWP This memorandum is not intended to satisfy permitting or local ordinance requirements. Property Description The proposed TIF District (Exhibit 1) is comprised of 28 parcels totaling approximately 135.3 acres. The parcels were analyzed for stormwater, floodplain, and wetland issues, using the above referenced resource materials. The properties range from densely developed/paved to vacant parcels. Those parcels that are developed have commercial uses or are railroad property. There are no residential properties within the proposed TIF area. Background Information Floodplain The Federal Emergency Management Agency (FEMA) Flood Insurance Rate Map (FIRM), Exhibit 7, was reviewed to determine if the site contains mapped floodplain. The FIRM map for this area, Panel 17031CO579J with an effective date of August 19, 2008, does not indicate mapped floodplain onsite. We also reviewed the Metropolitan Water Reclamation District of Greater Chicago (MWRD) Detailed Watershed Plans (DWP). The MWRD DWP for the Cal -Sag Channel Watershed was completed in August 2009. The DWP did not identify inundation areas on the TIF parcels, as shown on Exhibit 11. The DWP identifies two ditches within the studied parcels. One ditch is located along the southeast side of Marley Road conveying runoff to the northeast. The other ditch extends from the side of Parcel 2214400040, conveying runoff generally in the north direction through Parcels 2214400029 and 2 CHRISTOPHER B. BURKE ENGINEERING, LTD. 9575 W Higgins Road, Suite 600 Rosemont, Illinois 60018-4920 Tel (847) 823-0500 Fax (847) 823-0520 MEMORANDUM 2214400028. The flow from both ditches is conveyed to the Cal -Sag Channel, as shown on Exhibit 10. Wetlands and Waters of the United States The potential for wetlands and waters of the United States was reviewed for the study area. To complete this review, we evaluated the National Wetlands Inventory (Exhibit 3), aerial photographs, FIRM and soils maps, and for PINs 2214400029 and 2214400040 we have a copy of a wetland delineation that was completed for those properties by Bollinger Environmental in October 2021. For those two PINS, more than 80% of the sites are wetland. On the remaining parcels, we anticipate that wetland vegetation is located within drainage swales, ponds, and associated with the IMC. Beyond those topographic low features, the sites are not encumbered with wetland. Waters of the United States may exist on sites within drainage swales that are unvegetated and tributary to the IMC or other tributary waterway in the watershed. The National Wetland Inventory (NWI) (Exhibit 3) which is from 1983 shows significant areas of wetland on the parcels, and the mapping is clearly outdated and does not provide useful information. Exhibit 8 provides an approximate wetland delineation based on review of available information. The approximate acreages of wetland on each parcel are listed in the table on Page 4 below. Soils The United States Department of Agriculture (USDA) National Resources Conservation Service (NRCS) soils map, Exhibit 4, was reviewed to determine soil types on the properties. Like the NWI, the mapping is outdated and does not consider the significant amount of development in the study area. Natural soils on site are generally shallow and located on bedrock which is near the ground surface. Only parcels 2214400028, 2214400029, and 2214400040 contain mostly undisturbed soils that have not been mass graded and filled in the past. We are aware that a high-pressure gas main is located on 2214400040 that the landowner is working with the gas company to relocate the main closer to Main Street. The main currently crosses the site diagonally though a dense wetland area. The gas company approached the owner for permission to relocate the main. Therefore, soils in vicinity of the main have been disturbed, as have the soils adjacent to Main Street from past grading activity. NCHRISTOPHER B. BURKE ENGINEERING, LTD. 9575 W Higgins Road, Suite 600 Rosemont, Illinois 60018-4920 Tel (847) 823-0500 Fax (847) 823-0520 MEMORANDUM Soil types mapped on remaining sites are shown on Exhibit 4, but again this information is outdated and the bulk of the properties have been mass graded and filled in the past and have no virgin soils on site. These sites have been filled significantly resulting in much of the areas being well above their original contour. Drainage Utilizing the topographic information available from the Cook County Parcel Viewer, the general drainage is from south to north. Many parcels appear to have positive drainage either to a pond or a ditch. The exceptions are parcels 2214400028, 2214400029, 2214400040 and the west side of 2214400015. There are large depressional areas on these parcels that do not appear to have overland drainage and will pond runoff during rain events. Chronic Flooding Assessment As part of the Tax Increment Allocation Redevelopment Act, there is consideration given to areas that experience "chronic flooding". This is further defined as an area that is "subject to (i) chronic flooding that adversely impacts on real property in the area as certified by a registered professional engineer or appropriate regulatory agency or (ii) surface water discharges from all or a part of the area and contributes to flooding within the same watershed, but only if the redevelopment project provides for facilities or improvements to contribute to the alleviation of all or part of the flooding." Portions of the parcels within the proposed TIF District meet the criterion of chronic flooding as indicated by either the presence of floodplain, wetland, and/or poor draining soils as summarized in the table below: PIN Parcel Area Acres Percentage Wetland Percentage Poor Soils 2214400005 2.2 21% 50% 2214400015 13.2 58% 60% 2214400028 3.9 88% 98% 2214400029 5.9 89% 95% 2214400040 21.6 87% 90% The area for each PIN was obtained from the 2024 Cook County Historical Parcels, maintained by Cook County GIS with a modified date of 3/28/2025. The percentage of wetland was measured based on a desktop evaluation of available mapping resources overlaid on an aerial photo with PINS identified. The percentage of poor soils is based on the approximate wetland delineation, and a review of the available mapping. Parcels cannot be developed without providing stormwater management, coordinating and permitting with the U.S. Army Corps of Engineers and MWRD (Cook County) for M CHRISTOPHER B. BURKE ENGINEERING, LTD. 9575 W Higgins Road, Suite 600 Rosemont, Illinois 60018-4920 Tel (847) 823-0500 Fax (847) 823-0520 MEMORANDUM wetland impacts. The MWRD Watershed Management Ordinance (WMO), Sections 302, 603, 604, 605 and 606 specify the criteria for which developments must address wetland, riparian and buffer impacts. Article 5 of the WMO specifies the criteria for which developments require site runoff storage be provided, including depressional storage. If the existing release rate from the PINS shown in the table above is less than the allowable development release rate, additional storage is required to store development. Stormwater management facilities will need to be provided to make the parcels of the PINS listed in the table on Page 4, developable. If you have any questions or comments, please contact us at (847) 823-0500. Sincerely, Jedd M. Anderson, PWS, CPESC Vice President Thomas T. Burke, Jr., PhD, PE Executive Vice President TTB/1 MA N:\LEMONT\250477\Water\Docs\Lemont Proposed TIF Assessment 110325.docx ICHRISTOPHER B. BURKE ENGINEERING, LTD. 9575 W Higgins Road, Suite 600 Rosemont, Illinois 60018-4920 Tel (847) 823-0500 Fax (847) 823-0520 T. minim d a z 0 a 0 J e m - xmwo°J ..y4 rA �� CO G W J LL 0 W I - r .� .s a•wM / •. •. w1 erS E � _ V i� t• „ ;s w9 � . - . .. r�f�Y` �s •4 � L - - ,. b..w..• nwvau W Y cnm c a co m � w ° W y _ � i W AUib 1 a+c`y serra�`r'' t �ay- a. N O O Oro A• MO.O OHO LL -o 0 0. o 0 X o 0 o e o v g a r , of[N ,� s` • H ti `�iaayp!1 a': �t.NIKN: N *� i N- N N N� f _ -�.5 2 N p0•a. �. W F • N.. � N Na N N ... _ ' �` GT•N t baa—� s� KO. � �5. :Ii r O O Y O a. a. • "j..:;`' v ch ti t i j O yG a o 1 :. .tea o LU N r J VI NG iv- `T- \ #00" tu ir �Ts i n w =Nov i 7• � • LU rp x ww 0 4P r ----------- Z, j LLI Mw J o/ O, ( 1' Is Li m C -+ ' x f �N y p ` ! J'� G 11� mat T o N a W ul ry n;N oN a Ln ¢� �o Q �•,.. � / .a: 'v� � � W f/! 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I JMA I PLOT DATE: 10/31/2025 & I FILE NANIE: I EX 12 100 YEAR INNUNDATION STATE OF ILLINOIS ) SS COUNTY OF COOK CERTIFICATION I, Charlene Smollen, do hereby certify that I am the duly qualified and elected Village Clerk of the Village of Lemont, Cook, DuPage and Will County, Illinois, and that as such Village Clerk I do have charge of and custody of the books and records of the Village of Lemont, Cook County, Illinois. I do hereby further certify that the foregoing is a full, true and correct copy of Ordinance No. 'AN ORDINANCE APPROVING THE MAIN & MALEY TAX INCREMENT FINANCING REDEVELOPMENT PLAN AND PROJECT OF THE VILLAGE OF LEMONT, COOK, WILL AND DUPAGE COUNTIES, ILLINOIS," adopted and approved by the President and Board of Trustees of the Village of Lemont, Illinois on ., ,c ` c9 , 2026. IN WITNESS WHEREOF, I have hereunto affixed my hand and the Corporate Seal of the V illiag-e of Lemont, Cook, DuPage and Will County, Illinois this day of -� 2026. Charlene Smollen Village Clerk Village of Lemont Cook County, Illinois OF 4 AL 'fl/in o►s