O-05-09 Ord Adopting & Approving Tax Increment(1)
ORDINANCE NO. D - o5 09
AN ORDINANCE ADOPTING AND APPROVING THE TAX
INCREMENT FINANCE, VILLAGE OF LEMONT, GATEWAY
REDEVELOPMENT PROJECT AREA, REDEVELOPMENT
PLAN AND PROJECT, JUNE 2008 OF THE VILLAGE OF
LEMONT, ILLINOIS, FOR THE PROPOSED GATEWAY
REDEVELOPMENT PROJECT AREA
WHEREAS, the Village of Lemont, Illinois (the "Municipality "), acting through its
President and Board of Trustees (the "Corporate Authorities ") and other officers and representatives,
has duly noticed, held and conducted all proceedings, including the required public meeting, public
hearing and joint review board actions, preliminary to the designation of the "Gateway Redevelopment
Project Area" (the "Redevelopment Project Area "), the approval of the "Tax Increment Finance,
Village of Lemont, Gateway Redevelopment Project Area, Redevelopment Plan and Project, June 2008"
(the "Redevelopment Plan," including the related redevelopment project, the "Redevelopment
Project ") and the adoption of tax increment financing to finance the Redevelopment Plan and the
Redevelopment Project, all under and pursuant to the Tax Increment Allocation Redevelopment Act (65.
ILCS 5/11- 74.4 -1 et seq., as supplemented and amended (the "TIF Act ")).
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD
OF TRUSTEES OF THE VILLAGE OF LEMONT, ILLINOIS, as follows:
Section 1. Under the TIF Act the Municipality, hereby adopts and approves the
Redevelopment Plan and the Redevelopment Project for the Redevelopment Project Area.
Section 2. The Redevelopment Plan shall be in the form presented to the Corporate
Authorities at the time this ordinance is adopted. The Redevelopment Plan as so adopted and approved
shall be on file with the Village Clerk's records with this ordinance (but any failure to so file it shall not
abrogate, diminish or impair its effect).
Section 3. The Municipality by its President and Board of Trustees hereby certifies,
finds and determines that (i) less than 10 displacements with respect to inhabited residential units are to
occur (ii) there are fewer than 75 inhabited residential units within the Redevelopment Project Area.
Section 4. The Village Clerk shall file a certified copy of this ordinance with the County
Clerk of Cook, DuPage and Will Counties, Illinois, together with (i) the description of the Redevelopment
Project Area, (ii) a map of the Redevelopment Project Area, and (iii) a list of each parcel or tax
identification number of each parcel in the Redevelopment Project Area. Such County Clerk shall use the
year 200 in determining the total initial equalized assessed value of the Redevelopment Project Area
under Section 11- 74.4 -9 of the TIF Act.
6?
li iii, 60
(1)
ORDINANCE NO. 0.05. 09
AN ORDINANCE ADOPTING AND APPROVING THE TAX
INCREMENT FINANCE, VILLAGE OF LEMONT, GATEWAY
REDEVELOPMENT PROJECT AREA, REDEVELOPMENT
PLAN AND PROJECT, JUNE 2008 OF THE VILLAGE OF
LEMONT, ILLINOIS, FOR THE PROPOSED GATEWAY
REDEVELOPMENT PROJECT AREA
WHEREAS, the Village of Lemont, Illinois (the "Municipality "), acting through its
President and Board of Trustees (the "Corporate Authorities ") and other officers and representatives,
has duly noticed, held and conducted all proceedings, including the required public meeting, public
hearing and joint review board actions, preliminary to the designation of the "Gateway Redevelopment
Project Area" (the "Redevelopment Project Area "), the approval of the "Tax Increment Finance,
Village of Lemont, Gateway Redevelopment Project Area, Redevelopment Plan and Project, June 2008"
(the "Redevelopment Plan," including the related redevelopment project, the "Redevelopment
Project ") and the adoption of tax increment financing to finance the Redevelopment Plan and the
Redevelopment Project, all under and pursuant to the Tax Increment Allocation Redevelopment Act (65
ILCS 5/11- 74.4 -1 et seq., as supplemented and amended (the "TIF Act ")).
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD
OF TRUSTEES OF THE VILLAGE OF LEMONT, ILLINOIS, as follows:
Section 1. Under the TIF Act the Municipality, hereby adopts and approves the
Redevelopment Plan and the Redevelopment Project for the Redevelopment Project Area.
Section 2. The Redevelopment Plan shall be in the form presented to the Corporate
Authorities at the time this ordinance is adopted. The Redevelopment Plan as so adopted and approved
shall be on file with the Village Clerk's records with this ordinance (but any failure to so file it shall not
abrogate, diminish or impair its effect).
Section 3. The Municipality by its President and Board of Trustees hereby certifies,
finds and determines that (i) less than 10 displacements with respect to inhabited residential units are to
occur (ii) there are fewer than 75 inhabited residential units within the Redevelopment Project Area.
Section 4. The Village Clerk shall file a certified copy of this ordinance with the County
Clerk of Cook, DuPage and Will Counties, Illinois, together with (i) the description of the Redevelopment
Project Area, (ii) a map of the Redevelopment Project Area, and (iii) a list of each parcel or tax
identification number of each parcel in the Redevelopment Project Area. Such County Clerk shall use the
year 200 in determining the total initial equalized assessed value of the Redevelopment Project Area
under Section 11- 74.4 -9 of the TIF Act.
Upon motion by Coules , seconded by Virgilio , adopted
this 19th day of January , 200 §Iby roll call vote, as follows:
Voting "Aye" (names): Blatzer, Coules, Reaves, Miklos, Virgilio, Stapleton
Voting "Nay" (names):
Absent (names):
0
0
ATTEST:
Charlene M. Swollen, Village Clerk
Recorded in the Municipality's Records on the above adoption date.
Approved this 19 day of January , 200
Joh F. Piazza, Villa ;e Pres
STATE OF ILLINOIS )
COUNTY OF COOK ) SS.
VILLAGE OF LEMONT )
CERTIFICATION OF ORDINANCE
I, Charlene M. Smollen, do hereby certify that I am the duly selected, qualified and acting
Village Clerk of the Village of Lemont, Cook, DuPage and Will Counties, Illinois (the "Municipality "),
and as such official I am the keeper of the records and files of the Municipality and of its President and
Board of Trustees (the "Corporate Authorities ").
I do further certify that the attached ordinance constitutes a full, true and correct excerpt
from the proceedings of the Municipality's Corporate Authorities held on January 19 , 2000, insofar
as same relates to the adoption of Ordinance No. 0 -05 -09 , entitled:
AN ORDINANCE ADOPTING AND APPROVING THE GATEWAY
REDEVELOPMENT OPROJECT AREA TAX INCREMENT FINANCE,
VILLAGE OF LEMONT, GATEWAY REDEVELOPMENT PROJECT AREA,
REDEVELOPMENT PLAN AND PROJECT, JUNE 2008 OF THE VILLAGE OF
LEMONT, ILLINOIS, FOR THE PROPOSED GATEWAY REDEVELOPMENT
PROJECT AREA,
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. Such ordinance was adopted and approved on the date thereon set
forth by not less than a 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
the above 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 the agenda for such meeting was duly posted at the
Village Hall at least 48 hours prior to the meeting, 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 Illinois Municipal Code, as amended, and that the Corporate Authorities have complied
with all of the applicable provisions of such 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 19 day of January ,D44' 2009
C4a ,
Village Clerk