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HomeMy WebLinkAboutOrd 4510 01/05/1993 ORDINANCE NO. 4510 AN ORDINANCE DESIGNATING AMENDMENT NO. 2 TO THE TAX INCREMENT REDEVELOPMENT PROJECT AREA FOR DISTRICT NO. 1 PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES the 5th day of January , 1993 Published in pamphlet form by authority of the corporate authorities of the Village of Mount Prospect, Illinois, the 5th day of January , 1993. VILLAGE OF MOUNT PROSPECT ORDINANCE NO. 4510 AN ORDINANCE DESIGNATING AMENDMENT NO. 2 TO THE TAX INCREMENT REDEVELOPMENT PROJECT AREA FOR DISTRICT NO. 1 WHEREAS, the Board of Trustees of the Village of Mount Prospect, Cook County, Illinois, has heretofore in Ordinances Nos.3555 and 4012 designated an area of real property located in the Village as the Tax Increment Redevelopment Project Area for District No. 1, as amended; and WHEREAS, the Board of Trustees of the Village of Mount Prospect has heretofore determined that it is in the best interests of the Village to amend said area and pursuant thereto, the Village has caused compliance with the procedures set forth in the Tax Increment Allocation Redevelopment Act, Ill.Rev. Stat. Ch.24 Sec.11- 74.4-1 et seq., (hereinafter referred to as "the Act"), pertaining to the initial designation of a redevelopment project area; and WHEREAS, the Board of Trustees of the Village of Mount Prospect, Cook County, Illinois, has heretofore in Ordinance No. 4509 adopted and approved the Amendment No. 2 to the Tax Increment Redevelopment Plan and Redevelopment Project for District No. 1 with respect to which a public hearing was held and it is now necessary and desirable to designate the area referred to in said Plan as the Amendment No. 2 to the Tax Increment Redevelopment Project Area for District No. i. NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT OF THE BOARD OF TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS, as follows: Section 1: The area legally described in Exhibit A attached hereto and made a part hereof is hereby designated as Amendment No. 2 to the Tax Increment Redevelopment Project Area for District NO. 1 pursuant to Sec.11-74.4-4 of the Act. The street and general description of the boundaries of the Amendment No. 2 to the Tax Increment Redevelopment Project Area for District No. 1 is set forth in Exhibit B and shown on the boundary map, Exhibit C, both of which are attached hereto and made a part of this Ordinance by reference. Section 2: The tax increment allocation financing that was adopted by the Village of Mount Prospect by Ordinances Nos. 3556 and 4013 and that relates to the real property taxes only, is hereby confirmed and extended to the Amendment No. 2 to the Tax Increment Redevelopment Project Area for District No. 1 and the Amendment No. 2 to the Tax Increment Redevelopment Plan and Redevelopment Project for District No. 1. Section 3: The Village Clerk shall publish this Ordinance in pamphlet form and shall file this Ordinance with the Cook County Clerk, pursuant to the Act. Section 4: This Ordinance shall be in full force and effect upon its passage and approval as provided by law. PASSED BY THE FOLLOWING ROLL CALL VOTE THIS 5th DAY OF January , 1993 AYES: Busse, Corcoran, Floros, Hoefert, Wilks NAYS: Clowes ABSENT: None ABSENT FROM COM~{ENT AND VOTE: None APPROVED this 5th day of January , 1993. id nt/ / ATTEST: --/ . // Village Clerk PUBLISHED IN PAMPHLET FORM BY THE VILLAGE CLERK OF THE VILLAGE OF MOUNT PROSPECT, THIS .~h DAY OF January , 199 3 2 Beg~.;L$ing at the ~ntersectton of the centecl~ne 9.~Ld~n Stree , St~ ~f Illinois Route 83, with the centerline o~ ~al Road, ex ed; thence Easterly along said eenterllne c al Road, a ~ anoe of approximately 570.32 feet to the Nor~n._Jt corner of Lot 22 of Block 5 in Busse and Wille's Resubdivision in Mount Prospect; thence Southerly along the Eastern property llne of bots 12, 13, 20, 21, and 22 of said Block-5 in Busse and Wille's ResubdiviSio. n in Mount Prospect, and the Eastern property line Of Lot i of Mount Prospect State Bank Resubdivision No. 9, a distance of approximately 608.74 feet, to the centerline of Busse Avenue; thence Westerly along the centerline of Busse Avenue, a distance of approximately 157.11 feet, to the point of inter- section of the centerline of Busse Avenue with the Eastern right-of-way of Emerson Street; thence Southerly along said Eastern right-of-way of Emerson Street, a distance of approxi- mately 277.00 feet, to a point at the Northwest corner of Lot 18 in Block 12 of Busse and Wille's Resubdtvision in Mount Prospect; thence Easterly along the Northern property line of said Lot 18, a distance of approximately 157.09 feet, to the Northeast corner of said Lot 18; thence Southerly, a distance of approximately 50.00 feet, along the Eastern property line of said Lot 18, to a point a: the Northwest corner of Lot A of Corporate Subdivision Number l, Village of Mount Prospect; thence Easterly along the Northern property line of said Lot A, a distance of approximately 157..10 feet, to a point of intersection of said Lot A with the Western right-of-way of Maple Street; thence Northerly along the Wbstern right-of-way of Maple Street, a distance of approximately 321.88 feet, to a point' at the intersection of the Western right-of-way of Maple Street and the Southern right-of-way of Busse Avenue; thence Easterly'along the' Southern tight-of-way of Busse Avenue, a distance of approximately 223.12 feet, to a point of intersection with the Eastern property line of Lot 1 in Block 11 of Busse and Witle's Resubdivision in Mount Prospect; thence Southerly along the Eastern property li~es of.bots 1 through 8 of Block ll of BusSe and Wille's Resubdivtsion tn Mount Prospect, a distance of approximately 401.36 feet, to a point at the inter- section of the Southeast corner of said Lot 8 wi~h the Northwest corner of Lot 16 of Busse's subdivision of Lot A of Block 11 in Busse and Wille's Resubdfvisioo; thence Easterly along the Northern property line of said Lot 16, ~ distance of approxl- ma:ely 190.10 feet, to a point.on the centerlioe of Elm Street; thence Southerly along said centerline of Elm Street, a distance · of approximately 190.00 feet, to the point bf intersection of the · centerltne of Elm Street, ex:eoded~ with the Northern way of Evergreen Avenue; thence Easterly along the Northern right-of-way of Evergreen Avenue, a distance of approximately · 567.20 feet, to a point of intersection with the Southwest corner of Lot 5 of the Subdivision of Block 8 of Busse's Eastern Addition to Mount Prospect, recorded February 11, 1922; :hence Southerly, a distance of approximately 591.00 feet, along the Western property lines of bots 1 through 21 of Block 20 of Mount Prospect Subdivision in Section 12-41-11, Recorded September 2, 1874, to a point at the intersection of the Southwestern corner of said Lot 21 with the Northern property line of Lot 1 of Bruce's Resubdivtsion in Mount Prospect; :hence Easterly along The Northern property line of said Lot 1, a distance of ~pproxi- ma:ely 171.00 feet, to the Centerltne of Owen Street, thence Southerly along said centerllne of Owen Street, a distance of approximately 255.48 feet, to the point of the intersection of the centerline of Northwest Highway, State of Illinois Route 14, with the centerline of Owen Street, extended; thence North- westerly along said centerline of Northwest Highway a distance of approximately 2,250 feet to the point of intersection of the centerline of Northwest Highway with the centerline of Main Street, State of Illinois Route 83, extended; thence Northerly along the centerllne of Main Street a distance of approximately 940 feet to. the point of beginning, at the intersection of the oenterlines of Main Street and Central Road, extended; all located in the Northwest Quarter (1/4), and the Northeast Quarter (1/4) of Section 12, Township 41 North, Range 11 East of the Third Principal Meridian, located in the Village of Mount Prospect, Elk Grove Township, County of. Cook, in :he Sta~e of Illinois. · ALSO: i, EXHIBIT A .' ' Tha~t~ of the West Half of the Northwest f~,na! Quarter of Sec~ I2, Township 41 North, Range 11, ~of the Third Prinu =1 Meridian, described as follows: The ~=. 44 feet of the West 64 feet of Lots I and 2 and all of Lots 16, 17, 18 and 19 in. Block 7 in "Mount Prospect", a subdivision in part of the West Half of said Section.12, per plat thereof ~ecorded September 2, 1874, as Document 188460 in Book 8 of Plats, page 90; also Lots E and F in Laudermilk's Subdivision of Lots 3, 4, 5, 6 and 7 in Block 7 in the aforesaid "Mount Prospect" subdivision, per plat thereof filed for record in the Office of the Registrar of Titles June 6, 1927, as L.R. 357250 together with the 16 foot wide public alley lying South of and adjoining said Lot F, said alley being the North 16 feet of Lot G in said Laudermilk's Subdivision, and also the 20 foot wide public alley lying West of and adjoining Lots A, B, C, D, E, F and the North 16 feet of Lot G in said subdivision, except the North 50 feet of said 20 foot wide alley now vacated; also The North 100 feet of .Lot 2 in Block 3 in Busse and Wille's Resubdivision in Mount Prospect in part of said Northwest fractional Quarter of Section 12, per plat thereof recorded March 31, 1906, as Document 3839591; also Lots i and 2 in Mount Prospect Central District Resubdivision in part of the West Half' of said Section 12, per plat thereof filed for record in the office of the Registrar of Titles, December 23, 1949, as L.R. 1275902; also Lot 1, except the West 20 feet thereof, in Raymond R. Chmelik's Subdivision, a resubdivision of part of aforesaid Laudermilk's Subdivision, per plat thereof also filed for record in the office of the Registrar of Titles, FebruarY 25, 1969, as L.R. 2437155; also Lot 1 in Huecker's Resubdivision of Lots 1 and 2 (except the West 64 feet thereof) in aforesaid Block 7 in "Mount Prospect", per plat thereof recorded September 9, 1969, as Document 20953597; also 'Lots 1 and 2 in the McLean Resubdivision in Mount Prospect, being a resubdivision in part of the West Half of said Section 12 also filed for record in the Office of the Registrar of Titles, October 20, 1975, as L.R. 2835833; also That part of Wille Street in said west Half of section 12 lying North of an extension West of the South line of the North 100 feet of Lot 2 in Block 3 in the aforesaid Busse and Wil!e's Resubdivision, and lying South of the South line cf Central Road; also That part of Main Street in said West Half of Section 12-lying North of an extension East of the most South line of Lot 2 in the aforesaid Mount Prospect Central District Resubdivision, and lying. South of the South line of Central Road; also 'That part of Central Road in said West Half of Section 12 and in part of the South Half of Section 34, Township 42 North, Range I1, East of the Third Principal Meridian, lying East of an extension North of the West line of the aforesaid Wil!e Street, and lying West of an extension North of the East line of the aforesaid Main Street, all of the above in Cook County, Illinois. ALSO: That pl '~e East half of the Northeast quarter of Section 11z''''-''%', part of the West half of ti,..orthwes~ quarter of Section 12, ali in Township 41 No~ ~, ~nge 11 East of the Third Principal Meridian, taken as a tract of land, bounded and described as follows: Be~nning at the intersection of the center llne of Central Road with the center line of Northwest Highway; thence East on the center line of C~ntral Road to center line of Wille Street; thence South on center line of Wille Street to West extension of the South line of the North 100 feet of Lot 2 in Block 3 in Busse and Wille's Resubdivision in Mount Prospect in the Northwest quarter of Section 12 aforesaid; thence East on the West extension of the South line of the North 100 feet of Lot 2 and on said South line of the North 100 feet of Lot 2 aforesaid, to the East line of said Lot 2 aforesaid; thence North on the East line of Lot 2 aforesaid to the most Westerly Southwest comer of Lot 2 in Mount Prospect Central District Resubdivision in part of the West half of Scion 12 aforesaid; thence East, South and East on the South line of Lot 2 aforesaid and on said South line extended East to the center line of Main Street; thence South on center line of Main Street to center line of Northwest Highway; thence Northwesterly on center line of Northwest Highway to the center line of Central Road and the place of bego-i~g, all in Cook County, Illinois. CENTRAL ROAD, ON THE NORTH; PARTS OF OWEN, ELM, MAPLE AND EMERSON STREETS, ON THE EAST; AND NORTHWEST HIGHWAY, ON THE SOUTH. EXHIBIT B exceeded; :hence EasterLy a2ong said cencet2ine of Cencta2 Road, of Loc 22 of B2ock 5 in 8ussa and Wille's Resubdivis~on in ~ounc Lots ~2, 23, 20, 22, and 22 of said BLock. 5 ~n Busse and Resubd~v~sion in Mount Prospect, and the Eastern pcoperc~ Line Loc ~ of Mount Prospect Scare Bank Resubdivision No. 3. a distance of approximate27 608.76 fee:, :o the cencetLine of Busse Avenue; thence Wescet2y along the conic:Line of Busse Avenue, a dLs:anoe o~ approximate/7 257.2[ feet, co the point of sec:ion of the cenCetline of Busse Avenue with the £ascetn right-of-wag of ~metson Street; thence Southerly a2ong said ~astern tight-of-wa7 o~ Emerson Street, a distance of apptoxi- mace2y 277.00 fee:, to a point at the ~octhwest cornet of Lot in BLock 22 of 8usse and Wi:Le's Resubdiviston in Hount Prospect; thence Easterly aloe8 the Not:here proper:7 Line of said Lot ~8, a distance of approximately 2~7.09 feet, Co the Northeast corner of said Loc LB; thence Southerly, a distance of approximately 50.00 feet, along the Eastern proper:7 Line of said Loc 28, to a point ac the ~otthwest corner of Lot A of Corporate Subdivision Number l, Vtl2age of Houri: ~tospect; thence ~asterLy a2ong the ~orthetn. property Line of said Lot A, a distance of approximately 157.-L0 fee:, co a point of intersection of said ~ot A with the Western right:of-wa7 of Maple Street; thence ~orCherly aloeS the Western right of-way of HapLe Street, a distance of approximaCel~ 32~.8S EeoC, :o a porn: at the intersection of the ~escecn right-of-wa7 of Maple Street and the Southet~ right-of-way of Busse Avenue~ thence Easterly along the Sou:hera tight-of-wa7 of Busse Avenue, a distance of approximately 223.L2 Eeoc, to a porn: of intersection with the Eastern pcopetC7 line of Lot ! in B2ock L2 of Busse and Ville's Resubdtvision in Mount Prospect; thence Sou:hotly along the Eastern property Lines of ).ocs ~ through 8 of B~ock 2~ o~ Busse and WtlLe's Resubdivtsto~ In Hou~c Prospect, a distance oE approximately &0t.36 feet, to a point at the ~ncer- sec:ion of the Southeast cornet of said Lot 8 with cbc Hotthwest corner of Lot 26 oE 8usse's Subdivision of Lot A o~ B~ock ~2 in Busse and ~ILle's Resubdtvision; thence Easterly along the ~orcbern proper:7 Line of said ~ot 26, a distance of approxi- mately 190.10 feet, to a point.on t~e c~nterLi~e of ELm Street; Che~ce Southerly along sa£d center,inn of ELm Street, a d~sCance of approximately 290.00 feet, co the point ~E intersection of the centetLtne of Elm Street, ex:ended, with the Northern tight-of- way o~ ~vetgreen Avenuea thence fas:ecl7 along the RorC~etn right-of way of Evergreen Avenue, a distance of approximate2y 567.20 feet, :o a point of intersection with the Southwest cornet of Loc 5 of the Subdivision of BLock 8 of gusse's Eastern Addition co Mount ~rospecc, recorded Pebtuat¥ iI, ~922; thence Sou:hotly, a distance of approximately 591.00 feet, aloe8 the Wester~ property lines of Lots [ through 22 of Block 20 of Mount Prospect Subdivision tn Sec:ion [2-~l-Ll, Recorded September 2, 187&, Co a point' at the intersection of the Southwestern cornet o( said Loc 2: with the Northern property line of Lot I of Bruce's Resubdivi$ion in ~ounc Prospect; thence Easterly along The Northern property tine of said ~ot 1~ a distance of approxi- mately 171.00 fee:, co the nonce.line of Owen Street; thence Southerly along said centetline of Owen Street, a distance of approximately 255.68 fee:, to the point of the intersection of the centerline of Northwest Highway. Scare of Illinois Route with the eencerline of Owen Street, extended; thence North- westerly along said cencerline o( Northwest Highway a distance of approximately 2,250 ~eet co c~e point of intersection of the eenter2ine of Northwest Highway with :he centerline of Main Street, SCare of Illinois Route 83, ex:ended; thence Not:hotly along the cenCerLine o~ Main Street a distance of approximately 9&O feec co. the-point of beginning, at :he intersection of the centetLines of. Main Street and Central Road, excended{ all Located in. the Northwest Quartet (1/;), and the Northeast Quartet (1/;) of Sec:ion 12, Township ;i Notch, Range 11 East of the Third Principal Meridian, Located in the Village of ~rospecc, ELk b~tove Township, County of Cook, in the State of ILlinois. * ALSO: EXHZBIT A That part of the West Half of the ~or~hwest fractional Quarter of Section 12, To~'nship 41 Nor~, Range ll, East of the Third Principal Meridian, described as follows: The East 44 feet of West 64 feet of Lots I and 2 and all of Lots 16, 17, 18 and 19 in Block 7 in "Mount Prospect", a subdivision in part of the West Half of said Section .12, per plat thereof recorded September 2, 1874, as DoC%n~ent 188460 in Book 8 of Plats, page 90; also Lots E and F in Laudermi!k's Subdivision of Lots 3, 4, 5, 6 and 7 in Block 7 in the aforesaid "Mount Prospect" subdivision, Der plat t. hereof filed for record in the Office of the Registrar of Titles June 6, 1927, as L.R. 3S7250 together with the 16 foot wide DuDlic alley lying Sou~h of and adjoining said Lot F, said alley being the North 16 feet of Lot G in said Laudermilk's Subdivision, and also the 20 foot wide public alley lying West of and adjoining Lots A, B, C, D, E, F and ~he Nor~:h 16 feet of Lot G in said subdivision, ex=eDt the No~ 50 feet of said 20 foot wide alley now vacated; also The North 100 feet of .Lot 2 in Block 3 in Busse and Wille's Resubdivision in Mount Prospect in Dart of said fractional Quarter of Section 12, per plat ~hereof recorded March 31, 1906, as Document 3S3959[; also Lots I and 2 in Mount Prospect Central District Resubdivision in par= of the West Half Of said Section 12, 9er plat thereof filed for record in the Office of the Registrar of Titles, December 23, 1949, as L.R. 1275902; also Lot 1, except ~he West 20 feet thereof, in Raymond R. Chme!ik's Subdivision, a resubdivision of Dar= of aforesaid Laudermilk's subdivision, per plat thereof aisc filed for record in the Office of the Registrar of Titles, February 25, 1969, as L.R. 243715~; also Lot 1 in Huecker's Resubdivision of Lots 1 and 2(except t_he West 64 feet thereof) in aforesaid Block 7 in "Mount Prospect", per plat thereof recorded Sept-~her 9,. 1969, as Document 20953597; also Lots .1 and 2 in the McLean Resubdi~ision in Mount Prospect, being a resubdivision in par= of the West Half of said Section 12 also filed for record in=he Office of the Registrar of Titles, October 20, 1975, as L.R. 283S833; also That part of Wille Street in said West Half of Section 12 lying Nor~:h cf an extension West of the South line of the North i00 feet of Lot 2 in Block 3 in the aforesaid Busse and Wille's Resubdivision, andlying South of the South line of Central Road; also That ~art of Main Street in said West Half of Section 12-lying Noz~h of an ex, tension East of the most South line of Lot 2 in aforesaid Mount Prospect Central District Resubdivision, and lying South of t/%e South line of Central Road; also That Dart o~ Central Road in said West Half of Section 12 and in pal-= of the South Half of Section 34, Township 42 North, Range 1!, East of the Third Principal Meridian, lying East of an extension North of the West line of =he aforesaid Wille Street, and lying West of an ex, tension North of the East line of t-he aforesaid Main Street, all of the above in Cook County, Illinois. ALSO: ~d P~nd~ M~ ~en ~ a wa~ of l~d, bounde~ md des~b~d ~ ~o~o~: Beaning at ~ ~t~cfion of ~ c~nter No.west Hig~y; ~eace E~t on ~e center ~e of Cgn~ Road to center ~e of W~e S~e~t; ~enc~ South on center l~e of W~e S=eet to West e~e~ion of ~e Sou~ ~e of · e No~ I~ ~eet of ~t 2 ~ Block 3 Prospe~ ~ ~e No.west queer off Sec~on 12 ~or~s~d; ~ence E~t on ~e West ~emion of ~e Sou~ ~e of ~e No~ No~ ~ ~ee; of ~t 2 ~ores~d, to ~e E~t Hn~ of s~d ~t 2 ~ores~d; ~ence No~ on ~e E~t ~e of ~t 2 ~ores~ to ~e most Westerly Sou~wes; comer of ~t 2 ~ Mo~t ~ospe~ Cenw~ Dff~ Resub~ion ~ p~ of ~e W~t h~ of Scion ~ ~or~s~d; ~enee E~; South md E~t on ~e Sou~ e~ended E~t to ~e c~nter ~e of M~ S~eet; ~enee Sou~ on center ~e of M~ S~eet to center ~e of No.west ~way; ~ence No.westerly on center ~e of No.west ~way to ~e center ~e of Ce~ Roa~ ~d the place of be~nln$ ~ ~ Cook Count, ~l~no~. CENTRAL ROAD, ON THE NORTH; PARTS OF OWEN, ELM, MAPLE A~ND F2~Etl$ON STREETS, ON THE EAST; AND NORTHWEST ~{IGHWAY, ON THE SOUTH. EXHIBIT B