HomeMy WebLinkAboutOrd 6269 09/20/2016 Authorizing the establishment of a Tax Increment Financing Interested Parties RegistryORDINANCE NO. 6269
AN ORDINANCE AUTHORIZING THE ESTABLISHMENT OF A
TAX INCREMENT FINANCING INTERESTED PARTIES REGISTRY AND
ADOPTING RULES FOR REGISTRATION IN RELATION THERETO
WHEREAS, pursuant to the provisions of the Tax Increment Allocation
Redevelopment Act ("TIF Act"), found at 65 ILCS 5/11-74.4-4.2, the Village of Mount
Prospect ("Village") is required to establish a Tax Increment Financing ("TIF") Interested
Parties Registry and adopt registration rules for said TIF Interested Parties Registry,
relative to the proposed establishment of the existing Downtown TIF District and the
proposed Prospect and Main TIF District; and
WHEREAS, the Village desires to comply with the requirements of the TIF Act;
NOW, THEREFORE, BE IT ORDAINED by the President and Board of Trustees
of the Village of Mount Prospect, Cook County, Illinois, as follows:
SECTION 1: The above recitals are hereby incorporated into this Ordinance as if
fully set forth herein in their entirety.
SECTION 2: The Village Manager, or such other Village employee as
designated by the Village Manager, is hereby authorized and directed to create and
maintain a "TIF Interested Parties Registry" as required by Section 11-74.4-4.2 of the
TIF Act (65 ILCS 5/11-74.4-4.2). Said TIF Interested Parties Registry shall pertain to all
redevelopment project areas created by the Village under the TIF Act, whether now
existing or created after the adoption of this Ordinance, including, but not limited to, the
existing Downtown TIF District and the proposed Prospect and Main TIF District.
SECTION 3: The registration rules attached hereto as EXHIBIT A and made part
hereof are hereby adopted as the registration rules for the TIF Interested Parties
Registry.
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SECTION 4: The Village Manager, or such other Village employee as
designated by the Village Manager, is hereby authorized to amend such registration
rules, from time to time, after review by the Village Attorney, as may be necessary or
desirable to comply with the TIF Act and to carry out its purposes.
SECTION 5: Public notice of the establishment of the TIF Interested Parties
Registry, and the availability of registration forms for the TIF Interested Parties Registry,
shall be published once, in a newspaper of general circulation in the Village, upon the
adoption of this Ordinance; with said notice being in the form attached hereto as
EXHIBIT B and made part hereof.
SECTION 6: This Ordinance shall be in full force and effect from and after its
adoption, approval and publication in pamphlet form, as required by State law.
ADOPTED this 20th day of September, 2016, pursuant to a roll call vote as
follows:
AYES: Hoefert, Matuszak, Polit, Rogers, Zadel
NAYS: None
ABSENT: Saccotelli
APPROVED this 20th day of September, 2016, by the President of the Village of
Mount Prospect.
Arlene A. Juracek illage President
ATTEST:
. xo7,4�-'
M. isa Angell, Villa a erk
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EXHIBIT A
Village of Mount Prospect
Rules for TIF Interested Parties Registration
1. Establishment of TIF Interested Parties Registry: The Village of Mount Prospect
(the "Village") shall establish and maintain a single TIF Interested Parties
Registry (the "Registry") pursuant to Section 11-74.4-4.2 of the Tax Increment
Allocation Redevelopment Act (the "TIF Act"), encompassing all redevelopment
project areas, whether existing as of the date of these rules or established
hereafter.
2. Maintenance of Registry_ The Village Manager, or another Village employee
designated by the Village Manager, shall maintain the Registry at the Village
Hall.
3. Application for Registration by Residents: Any Village resident may apply to
register as an interested party by completing and submitting a registration
application and a copy of a current driver's license, lease, utility bill, financial
statement or other evidence acceptable to the Village to demonstrate current
Village residency. Registration applications shall be available from the Village
Administrator.
4. Application for Registration by Organizations: An organization active in the
Village may apply to register as an interested party by completing and submitting
a registration application and a one-page statement describing the organization's
current activities in the Village. Registration applications shall be available from
the Village Administrator.
5. Determination of Eligibility: Individuals and organizations whose applications for
registration demonstrate current residence or current organizational activity in the
Village shall be entered on the Registry within fourteen (14) days of the Village's
receipt of all applicable documents. The Village Manager, or his/her designee,
shall provide written notice of registration to registrants within ten (10) days of
entry of the name on the Registry. Applications which are incomplete or do not
comply with these rules shall be returned with the defects specified. The
registrant shall be entitled to correct defects and submit a new application form
and supporting documentation.
6. Duration of Registration: Registration on the Registry shall be effective for three
(3) years from the date of entry on the Registry, unless the registrant requests in
writing termination of the registration sooner. At the end of the three (3) year
period, the Village shall provide written notice by regular mail to registrants
stating that the registration will terminate unless renewed pursuant rules in effect
at that time.
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7. Amendment to Registration: A registrant may amend his/her/its registration by
giving the Village written notice of a change of address for notice purposes, or of
a change of name of the contact person for organizations. Any amendment of
registration shall not extend the time for termination of registration.
8. Availability for Public Inspection: The Registry shall be available for public
inspection during normal Village business hours. The Registry shall include the
name and address of each registrant and, for organizations, shall also include
the name and address of the designated contact person.
9. Non-interference: Neither registration nor non -registration on the Registry shall
be used to prohibit or interfere with the ability of eligible organizations and
individuals to register for receipt of information to which they are otherwise
entitled under the TIF Act.
10. Amendment: These rules may be amended from time to time, subject to and
consistent with the TIF Act, as it may be amended from time to time.
11. Notices to be Sent: The following notices shall be sent to registrants:
A. Notice of the availability of a proposed TIF redevelopment plan and
eligibility report and how to obtain those documents, within a reasonable
time after adoption of the ordinance fixing the date and time for the public
hearing on the proposed TIF redevelopment plan. See TIF Act, Section
11-74.4-5(a).
B. Notice of specified changes to a proposed TIF redevelopment plan. See
TI F Act, Section 11-74.4-5(a).
C. Notice of specified amendments to a previously approved TIF
redevelopment plan. See TIF Act, Section 11-74.4-5(c).
D. Notice of the availability of the certified audit report for TIF districts with a
specified housing impact. See TIF Act, Section 11-74.4-5(d)(9).
E. Notice of the preliminary public meeting required for new TIF districts with
a specified housing impact. See TIF Act, Section 11-74.4-6(e).
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PUBLIC NOTICE
The Village of Mount Prospect has established a Tax Increment Financing
("TIF") District Interested Parties Registry relative to all TIF Districts,
whether now existing or created subsequent to the publication of this
notice, including, but not limited to, the existing Downtown TIF District and
the proposed Prospect and Main TIF District. Residents of the Village and
organizations active in the Village may register with the Village to receive
information on any proposed designation of a TIF redevelopment project
area or the approval of a TIF redevelopment plan, including, but not
limited to, those for the existing Downtown TIF District and the proposed
Prospect and Main TIF District, as well as information regarding certain
changes proposed for existing TIF redevelopment plans. Registration
forms are available from the Village Manager, at the Mount Prospect
Village Hall, 50 S. Emerson Street, Mount Prospect, Illinois 60056,
between the hours of 8:30 A.M. and 5:00 P.M., Monday through Friday,
except on holidays. Rules to implement the registration process have
been adopted by the President and Board of Trustees and may be
obtained at the same location.
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