O-43-15 Ord Dissolving Special Tax Alloc Fund/Termin Designation of Dtwn TIF Redvl Proj ORDINANCE NO O !3/J
AN ORDINANCE DISSOLVING THE SPECIAL TAX
ALLOCATION FUND AND TERMINATING THE
DESIGNATION OF THE DOWNTOWN LEMONT TAX
INCREMENT FINANCE REDEVELOPMENT PROJECT
AREA WITHIN THE VILLAGE OF LEMONT
WHEREAS, the Board of Trustees (the "Corporate Authorities") of the Village of
Lemont(the"Municipality"), adopted on May 29, 1991 a series of Ordinance No. 689,No. 690,and
No. 691_(collectively,the"TIF Ordinances", which adopted tax increment financing, established a
special tax allocation fund and approved and adopted a redevelopment plan and project for the
Downtown Lemont Tax Increment Finance Redevelopment Project Area (the "Redevelopment
Project Area"); and
WHEREAS, the Municipality has notified affected taxing districts of the proposed
termination of the Redevelopment Project Area, as a redevelopment project area, in accordance with
the provisions of the Tax Increment Allocation Redevelopment Act(65 ILCS 5/11-74.4-1 et sue.), as
supplemented and amended (the "Act"; and
WHEREAS, with respect to the Redevelopment Project Area, all redevelopment
project costs have been paid, all obligations relating thereto have been paid and retired and all excess
monies, if any, have been distributed; and
WHEREAS, in accordance with the provisions of Section 8(b) of the Act, the
Municipality desires to dissolve the special tax allocation fund relating to the Redevelopment Project
Area and terminate the designation of the Redevelopment Project Area as a redevelopment project
area.
NOW THEREFORE,BE IT ORDAINED BY THE PRESIDENT AND BOARD
OF TRUSTEES,of the Village of Lemont, Illinois as follows:
Section 1. The special tax allocation fund established in regard to the Redevelopment
Project Area is hereby dissolved.
Section 2. The designation of the Redevelopment Project Area described on Exhibit
A as a redevelopment project area is hereby terminated.
Section 3. This Ordinance shall be in full force and effect upon its passage by the
Corporate Authorities.
Section 4. If any section, paragraph, clause or provision of this Ordinance shall be
held invalid, the invalidity of such section, paragraph, clause or provision shall not affect any of the
other provisions of this Ordinance.
Section 5. All ordinances, resolutions or orders, or parts thereof, in conflict with the
provisions of this ordinance are to the extent of such conflict hereby repealed.
Section 6. The Village Clerk shall immediately file a certified copy of this
Ordinance with the County Clerk of Cook, Dupage and Will County, Illinois.
PASSED by the Corporate Authorities on Na y. a 3.0 .
APPROVED: Nov.033 ,Zo6
President/Ma-���
AYES: .���l_i � /r A _44 , r ACM
NAYS: �(
ABSENT: 42 1 V 1 r04)I t 1 kl
RECORDED in the [Municipal] Records on ,
Attest:
[Municipal] Clerk
(SEAL)
[Attach as Exhibit A, Legal Description of[ 1 Redevelopment Project Area.
[File with appropriate County Clerk(s)]
EXHIBIT A
LEGAL DESCRIPTION
DOWNTOWN REDEVELOPMENT PROJECT AREA
THAT PART OF THE SOUTH HALF OF SECTION 20, TOWNSHIP 37
NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN, DESCRIBED AS
FOLLOWS: BEGINNING AT THE NORTHEAST CORNER OF SAID SOUTH HALF OF
SECTION 20;THENCE WEST ALONG THE NORTH LINE OF SAID SOUTH HALF (ALSO
BEING THE NORTH LINE OF LOT 1 IN COUNTY CLERK'S DIVISION OF SECTION 20)
A DISTANCE OF 1460 FEET MORE OR LESS TO A BEND IN SAID LOT 1; THENCE
SOUTHWESTERLY 960 FEET ALONG THE NORTHWESTERLY LINE OF LOTS 1 AND 2
IN SAID COUNTY CLERK'S DIVISION TO A NORTH-SOUTH ALLEY IN SINGER AND
TALCOTT'S STONE COMPANY SUBDIVISION; THENCE NORTHWESTERLY 180 FEET
MORE OR LESS TO THE SOUTH LINE OF LOT 209 IN SANITARY DISTRICT
TRUSTEE'S SUBDIVISION IN SAID SECTION 20; THENCE SOUTHWEST 140 FEET
ALONG LAST SAID SOUTH LINE TO THE SOUTHEASTERLY LINE OF ATCHISON,
TOPEKA AND SANTA FE RAILROAD RIGHT-OF-WAY; THENCE SOUTHWESTERLY
ALONG LAST SAID RIGHT-OF-WAY LINE TO THE WESTERLY LINE OF STEPHEN
STREET; THENCE SOUTHEASTERLY ALONG THE WESTERLY LINE OF STEPHEN
STREET TO THE NORTH LINE OF LOTS 6 THRU 10 OF BLOCK 28 IN THE VILLAGE OF
KEEPOTAW,A PART OF THE EAST 1/2 OF THE SOUTHEAST 1/4 OF SAID SECTION 20;
THENCE WEST ALONG THE NORTH LINE OF SAID LOTS 6 THRU 10 AND ITS WEST
EXTENSION TO THE EAST LINE OF LOT 17 IN COUNTY CLERK'S DIVISION, A
SUBDIVISION IN THE SOUTH 1/2 OF SAID SECTION 20; THENCE SOUTH ALONG THE
EAST LINE OF SAID LOT 17 TO THE NORTH LINE OF CANAL STREET; THENCE
WEST ALONG THE NORTH LINE OF CANAL STREET TO THE SOUTHEAST CORNER
OF LOT 1 IN VILLAGE OF LEMONT, BEING A SUBDIVISION IN THE SOUTH 1/2 OF
SAID SECTION 20; THENCE SOUTHERLY ALONG THE SOUTHERLY EXTENSION OF
THE EAST LINE OF SAID LOT 1 AND ALONG THE EAST LINE OF BLOCK 10 IN SAID
VILLAGE OF LEMONT TO A POINT ON A LINE PARALLEL AND CONCENTRIC WITH
AND 25 FEET NORTHERLY FROM THE SOUTH BOUND MAIN TRACK OF THE
ILLINOIS CENTRAL RAILROAD COMPANY; THENCE WESTERLY ALONG THE LAST
DESCRIBED LINE TO THE EAST LINE OF THE EAST 1/2 OF THE SOUTHWEST 1/4 OF
SAID SECTION 20; THENCE SOUTH ALONG THE LAST DESCRIBED LINE TO THE
WEST LINE OF LOTS 1 THRU 14 INCLUSIVE IN BLOCK 10 IN SAID VILLAGE OF
LEMONT; THENCE WESTERLY ALONG THE LAST DESCRIBED LINE TO THE
NORTHWEST CORNER OF LOT 14 IN BLOCK 10 IN SAID VILLAGE OF LEMONT;
THENCE WESTERLY TO THE EAST LINE OF BLOCK 2 IN THE VILLAGE OF LEMONT
AT A POINT THAT IS 25 FEET SOUTHERLY OF THE CENTER LINE OF THE
NORTHBOUND MAIN TRACK OF SAID ILLINOIS CENTRAL RAILROAD COMPANY;
THENCE SOUTHERLY ALONG THE EAST LINE OF SAID BLOCK 2 TO THE NORTH
LINE OF NEW AVENUE; THENCE WESTERLY ALONG THE NORTH LINE OF NEW
AVENUE TO THE WEST LINE OF BLOCK 9 IN SAID VILLAGE OF LEMONT; THENCE
SOUTHEASTERLY ALONG THE LAST SAID WEST LINE TO THE SOUTH RIGHT-OF-
WAY LINE OF NEW AVENUE; THENCE EASTERLY ALONG THE LAST SAID RIGHT-
OF-WAY LINE TO A POINT 30 FEET WEST OF LOCKPORT STREET; THENCE
SOUTHEAST TO A POINT IN THE WEST LINE OF LOCKPORT STREET 20 FEET
SOUTH OF THE SOUTH LINE OF NEW AVENUE; THENCE SOUTHEASTERLY ALONG
THE WEST LINE OF LOCKPORT STREET TO THE SOUTH LINE OF THE EAST-WEST
ALLEY IN BLOCKS 7 AND 8 OF THE VILLAGE OF LEMONT AS RECORDED AUGUST
8, 1974 AS DOCUMENT NO. 184242; THENCE NORTHEASTERLY 902 FEET ALONG
THE LAST SAID SOUTH LINE TO THE WEST LINE OF LEMONT STREET; THENCE
SOUTHEASTERLY 198 FEET ALONG LAST SAID WEST LINE TO THE SOUTH LINE OF
CASS STREET; THENCE NORTHEASTERLY 526 FEET ALONG LAST SAID SOUTH
LINE TO THE EAST LINE OF STEPHEN STREET; THENCE NORTHWESTERLY 300
FEET MORE OR LESS TO THE SOUTH LINE OF ILLINOIS STREET; THENCE
NORTHEASTERLY 1990 FEET MORE OR LESS ALONG LAST SAID SOUTH LINE TO
THE EAST LINE OF PRUYNE STREET IN THE TOWN OF ATHENS; THENCE
NORTHEASTERLY ALONG THE SOUTHEAST LINE OF THE ILLINOIS STREET
CUTOFF TO MERGE WITH MAIN STREET TO THE EAST LINE OF SAID SECTION 20;
THENCE NORTH 660 FEET MORE OR LESS ALONG LAST SAID EAST LINE TO THE
NORTH LINE OF THE SOUTH HALF OF SAID SECTION 20 AND BEING THE PLACE OF
BEGINNING,ALL IN THE VILLAGE OF LEMONT, COOK COUNTY, ILLINOIS.
ALSO, THOSE PARTS OF VACATED HINSDALE STREET AND VACATED
LAWRENCE STREET IN THE VILLAGE OF LEMONT LYING NORTHERLY OF THE
NORTHERLY LINE OF CANAL STREET AND SOUTHERLY OF THE NORTH LINE OF
LOT 6 IN BLOCK 28 IN KEEPOTAW IN SAID SECTION 20, EXTENDED WEST, AND
DUE WEST OF A LINE COMMENCING AT A POINT OF SAID NORTHERLY LINE OF
CANAL STREET 56.96 FEET EASTERLY OF THE SOUTHWEST CORNER OF SAID LOT
17; THENCE NORTHERLY ALONG A LINE WHICH IS 56.96 FEET EASTERLY FROM
AND PARALLEL WITH THE WESTERLY LINE OF SAID LOT 17, A DISTANCE OF 68.65
FEET; THENCE EASTERLY ALONG A LINE PARALLEL TO THE NORTH LINE OF SAID
CANAL STREET, A DISTANCE OF 6 FEET MORE OR LESS TO ITS INTERSECTION
WITH A LINE 15 FEET WEST OF AND PARALLEL WITH THE WEST LINE OF SAID
LOT 6 IN BLOCK 28 IN KEEPOTAW; THENCE NORTH ALONG SAID LAST
MENTIONED PARALLEL LINE TO ITS INTERSECTION WITH THE NORTH LINE OF
SAID LOT 6 IN BLOCK 28 IN KEEPOTAW EXTENDED WEST IN COOK COUNTY,
ILLINOIS.
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