Ord O-24-05 - Amending and Supplementing Downtown TIF DistrictVILLAGE OF LEMONT
ORDINANCE NO. 6 . `0 S
AN ORDINANCE AMENDING AND SUPPLEMENTING THE
DOWNTOWN LEMONT TAX INCREMENT
REDEVELOPMENT PROJECT AND PLAN FOR THE DOWNTOWN
LEMONT REDEVELOPMENT PROJECT AREA OF THE
VILLAGE OF LEMONT, IL
ADOPTED BY THE
PRESIDENT AND BOARD OF TRUSTEES
OF THE VILLAGE OF LEMONT
This 28th day of February , 2005
Published in pamphlet form by
authority of the President and
Board of Trustees of the Village of
Lemont, Counties of Cook, Will, and
DuPage, Illinois this 28th day
of February , 2005
ORDINANCE NO
AN ORDINANCE AMENDING AND SUPPLEMENTING
THE DOWNTOWN LEMONT TAX INCREMENT
REDEVELOPMENT PROJECT AND PLAN FOR THE
DOWNTOWN LEMONT REDEVELOPMENT PROJECT
AREA OF THE VILLAGE OF LEMONT, ILLINOIS
WHEREAS, pursuant to a series of ordinances (Nos. 689, 690 and 691) adopted
May 28, 1991 (collectively, as supplemented and amended, the "TIF Ordinances ") in
connection with Downtown Lemont Redevelopment Project Area (the "Redevelopment Project
Area "), the Village of Lemont, Illinois (the "Municipality ") adopted the redevelopment plan
and the redevelopment project (the "Redevelopment Plan" and "Redevelopment Project "),
designated the Redevelopment Project Area, and authorized tax increment finance ( "TIF ")
under the Tax Increment Allocation Redevelopment Act (65 ILCS 5/11- 74.4 -1 et seq., as
supplemented and amended, the "TIF Act "), and provided for completion of the Redevelopment
Project on or before May 28, 2014 and a life for the Redevelopment Project Area and related
obligations (not exceeding a 20 -year term) utilizing TIF of not more than 23 years from the
adoption date of the TIF Ordinances; and
WHEREAS, Section 11- 74.4 -3(n) of the TIF Act in relevant part provides that
the estimated date of completion of the redevelopment project and retirement of obligations to
finance redevelopment project costs "shall not be later than December 31 of the year in which
the payment to the Municipality's treasurer as provided in subsection (b) of Section 11- 74.4 -8 of
the TIF Act is to be made with respect to ad valorem taxes levied in the twenty -third calendar
year after the year in which the ordinance approving the redevelopment project area is adopted ",
and the Redevelopment Plan may be amended by ordinance to extend such dates under such
subsection (n).
NOW, THEREFOR, BE IT ORDAINED BY THE PRESIDENT AND
BOARD OF TRUSTEES OF THE VILLAGE OF LEMONT, ILLINOIS, as follows:
Section 1. Amendment. The Redevelopment Plan is hereby amended such
that the estimated dates of completion of the Redevelopment Project and the retirement of
obligations issued to finance redevelopment project costs shall not be later than December 31 of
the year in which the payment to the Municipality's Treasurer, as provided in subsection (b) of
Section 11- 74.4 -8 of the TIF Act, is to be made in respect to ad valorem taxes levied in the
twenty -third (23rd) calendar year after the year in which the ordinance approving the
Redevelopment Project Area is adopted, that is December 31, 2015.
Section 2. Conflict. All ordinances (including the TIF Ordinances), the
Redevelopment Plan and the Redevelopment Project, resolutions, notices or orders in conflict
with this ordinance shall be and are hereby declared to be amended or supplemented to be
consistent with this ordinance or, alternatively, are hereby repealed to the extent of such conflict.
This ordinance shall be appended to the Redevelopment Plan to evidence the amendments in this
ordinance, but any failure to so append shall not abrogate, diminish or impair the effect of any
such amendment.
Section 3. Effective /Filing. This ordinance shall be effective upon its
passage and approval. The Village Clerk shall file a certified copy of the ordinance with the
County Clerk of Cook County in connection with TIF for the Municipality.
Upon motion by Trustee , seconded by Trustee
J -c , adopted this ag day ofQ�, , r , 2005 by roll call vote,
as follow
Voting "Aye" (Names):
Voting "Nay" (Names):
Absent (Names):
Attest:
Approved: a . a , 2005
Village Pre
ident
STATE OF ILLINOIS
COUNTY OF COOK
VILLAGE OF LEMONT
SS
CERTIFICATION OF ORDINANCE
I, the undersigned, do hereby certify that I am the duly selected, qualified and acting
Village Clerk of the Village of Lemont, Illinois (the "Municipality "), and as such official I am the keeper
of the records and files of the Municipality and of the President and Board of Trustees (the "Corporate
Authorities ").
I do further certify that the foregoing constitutes a full, true and complete excerpt from
the proceedings of the meeting of the Corporate Authorities held on the AS day of rz.iv'zc.ccve.i,
2005, insofar as same relates to the adoption of Ordinance No. v • R 4 -e , entitled:
AN ORDINANCE AMENDING AND SUPPLEMENTING THE DOWNTOWN LEMONT
TAX INCREMENT REDEVELOPMENT PROJECT AND PLAN FOR THE
DOWNTOWN LEMONT REDEVELOPMENT PROJECT AREA OF THE VILLAGE OF
LEMONT, ILLINOIS,
a true, correct and complete copy of which ordinance as adopted at such meeting appears in the minutes
of such meeting and is hereto attached. The Ordinance was adopted and approved on the date therein set
forth by not less than an affirmative vote of a majority of the Corporate Authorities and approved by the
Village President on the date indicated thereon.
I do further certify that the deliberations of the Corporate Authorities on the adoption of
such Ordinance were taken openly, that the vote on the adoption of such Ordinance was taken openly and
was preceded by a public recital of the nature of the matter being considered and such other information
as would inform the public of the business being conducted, that such meeting was held at a specified
time and place convenient to the public, that notice of such meeting was duly given to all of the news
media requesting such notice, that such meeting was called and held in strict compliance with the
provisions of the open meetings laws of the State of Illinois, as amended, and the Illinois Municipal Code,
as amended, and that the Corporate Authorities have complied with all of the applicable provisions of
such open meeting laws and such Code and their procedural rules in the adoption of such Ordinance.
IN WITNESS WHEREOF, I hereunto affix my official signature and the seal of the
Village of Lemont, Illinois, this Atf day of >=��rucc�4.� , 2005.
(SEAL) Village Clerk