R-75-06 09/25/2006RESOLUTION P.-15--o6
A RESOLUTION OPPOSING THE TWO ORDINANCES AND ONE
RESOLUTION PROPOSED BY COOK COUNTY COMMISIONER
QUIGLEY REGARDING TAX INCREMENT FINANCE DISTRICTS
WHEREAS, the Village of Lemont has created two Tax Increment Financing (T.I.F.) Districts in
accordance with State of Illinois provisions governing the creation and financing of T.I.F. Districts;
and
WHEREAS, T.I.F. Districts have proven to be a useful tool in attracting and financing development
activity; and
WHEREAS, T.I.F. Districts have many benefits for the Village including but not limited to: more
jobs; job retention; stronger and broader tax base; private investment and development; and it
stimulates investment outside the T.I.F. District; and
WHEREAS, currently 47 states utilize Tax Increment Financing as a catalyst for needed
redevelopment projects and it is used in communities large and small, urban and rural; and
WHEREAS, T.I.F. Districts allows the Village to make improvements like new streets, sidewalks,
sewers and other public infrastructure to attract new businesses or help existing businesses stay and
expand; and
WHEREAS, T.I.F. Districts are economic development tools to revitalize blighted areas; and
WHEREAS, the Ordinances and Resolution proposed by Cook County Commissioner Michael
Quigley, if passed, will drastically delay or completely impede the T.I.F. District process in Cook
County; and
WHEREAS, once the T.I.F. District process gets delayed or completely impeded this will squelch
many if not all economic development opportunities in Cook County; and
WHEREAS, the Ordinances and Resolution proposed by Cook County Commissioner Michael
Quigley, if passed, will created an uneven playing field for the municipalities in Cook County and
the municipalities outside Cook County: and
NOW, THEREFORE BE IT RESOLVED that the Village Of Lemont strongly opposes
Commissioner Quigley's proposals regarding T.I.F. Districts;
BE IT FURTHER RESOLVED that the Village of Lemont urges the Commissioners that serve
on the Cook County Board oppose Commissioner Quigley's proposals regarding T.I.F. Districts.
SECTION 2: Effective Date: This Resolution shall be in full force and effect from
and after its passage, approval and publication in the manner provided by law.
The Village Clerk of the Village of Lemont shall certify to the adoption of this
Ordinance and cause the same to be published in pamphlet form.
PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES
OF THE VILLAGE OF LEMONT, COOK, WILL AND DU PAGE COUNTIES ILLINOIS
on this 25th Day of September , 2006.
Debby Blatzer
Peter Coules
Brian Reaves
Clifford Miklos
Ronald Stapleton
Jeanette Virgilio
Attest:
AYES NAYS PASSED ABSENT
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