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HomeMy WebLinkAboutOrd 3739 01/20/1987ORDINANCE NO. 3739 AN ORDINANCE AUTHORIZING THE ACQUISITION OF PROPERTY THROUGH CONDEMNATION OR OTHERWISE FOR THE DISTRICT NO. i TAX INCREMENT REDEVELOPMENT PLAN AND REDEVELOPMENT PROJECT PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES THE 20th DAY OF January , 1987. Published in pamphlet form by authority of the corporate authorities of the Village of Mount Prospect, Illinois, the 21st day of January , 1987. ORDINANCE NO. 3739 AN ORDINANCE AUTHORIZING THE ACQUISITION OF PROPERTY THROUGH CONDEMNATION OR OTHERWISE FOR THE DISTRICT NO. 1 TAX INCREMENT REDEVELOPMENT PLAN AND REDEVELOPMENT PROJECT WHEREAS, the President and Board of Trustees of the Village of Mount Prospect, Cook county, Illinois, have heretofore adopted Ordinance No. 3554 entitled AN ORDINANCE APPROVING THE TAX INCRE- MENT REDEVELOPMENT PLAN AND REDEVELOPMENT PROJECT FOR THE DISTRICT NO. 1 REDEVELOPMENT PROJECT AREA IN THE VILLAGE OF MOUNT PROSPECT, ILLINOIS, and Ordinance No. 3555 entitled AN ORDINANCE DESIGNATING DISTRICT NO. 1 TAX INCRE~IENT REDEVELOPMENT PROJECT AREA IN THE VILLAGE OF MOUNT PROSPECT, ILLINOIS, both of which are incorporated herein their entirety; and WHEREAS, the President and Board of Trustees of the Village of Mount Prospect have determined that the District No. 1 Tax Increment Redevelopment Plan and Redevelopment Project which were the subject matter of the public hearings is in the best interests of the residents of the Village of Mount Prospect and is a public purpose; and WHEREAS, the Village of Mount Prospect is empowered, pursuant to the Real Property Tax Increment Allocation Redevelopment Act, P.S. 79-1525, appearing as Section 11-74.4-1 e~ seq., of Chapter 24, Ill. Rev. Stat., 1979 (hereinafter the "Act") to acquire by purchase, donation, lease or eminent domain real property within the redevelopment project area; and WHEREAS, the implementation of the aforementioned DISTRICT NO. 1TAX INCREMENT REDEVELOPMENT PLAN AND REDEVELOPMENT PROJECT would attract to the Village of Mount Prospect additional commercial Ventures, increase business for cormnerciaI ventures currently established within the Village, strengthen the property and non- property tax and income bases, and would provide jobs for the Village residents. 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: That it is hereby determined that the DISTRICT NO. 1 TAX INCREMENT REDEVELOPMENT PLAN AND REDEVELOPMENT PROJECT previously adopted be established, maintained, controlled, managed and operated within the corporate limits of the Village of Mount Prospect within the DISTRICT NO. 1 TAX INCREMENT REDEVELOPMENT PROJECT AREA as described in Ordinance No. 3554 and that said DISTRICT NO. 1 TAX INCREMENT REDEVELOPMENT PLAN AND REDEVELOPMENT PROJECT be occupied,' improved, used and developed in a manner necessary and convenient for public use. SECTION 2: That under the authority vested in the corporate authorities of the Village of Mount Prospect through the statutes of the State of Illinois and the ordinances of the Village, it is hereby determined that pursuant to the DISTRICT NO. 1 TAX INCREMENT REDEVELOPMENT PLAN AND REDEVELOPMENT PROJECT it is necessary and desirable that the Village shall acquire title to and possession of the real property legally described in Exhibit A which is attached hereto and made a part hereof and hereinafter referred to as the "Subject Property", which property is within the foregoing DISTRICT NO. 1 TAX INCREMENT REDEVELOPMENT PROJECT AREA and is necessary, required and needed to achieve the objectives of the foregoing DISTRICT NO. 1 TAX INCREMENT REDEVELOPMENT PLAN AND REDEVELOPMENT PROJECT, and which property lies wholly within the limits of the Village of Mount Prospect. SECTION 3: That the law firm of BURKE AND RYAN be and it is hereby authorized, empowered and directed to negotiate personally or through its representatives for and on behalf of said Village with the owner or owners of the Subject Property for the purchase and acquisition thereof by said Village. SECTION 4: That in the event the said law firm or its agents are unable to agree with the owner or owners of said real proeprty as to the compensation therefor, then title to and possession of the Subject Property shall be Prospect through condemnation, as attorneys for the Village, acquired by the Village of Mount and the law firm of Burke and Ryan, is hereby authorized, empowered and directed to institute proceedings in any court of competent juris- diction to acquire title to and possession of the Subject Property for the Village in accordance with the Act, the eminent domain laws of the State of Illinois and the ordinances of the Village of Mount Prospect. SECTION 5: That this Ordinance shall be in full force and effect from and after its passage, pamplet form as provided by law. AYES: NAYS: ABSENT: PASSED AND APPROVED this approval and publication in Arthur, Farley, Floros, Murauskis, Van Geem None Wattenber§ 20th day of Jenuary , 1987. ATTEST: Village Clerk Village Pre§ident EXHIBIT A Lots 7,8,9 and 10 in Block 13 in Busse and Wille's Resub- division in Mount Prospect of the West 1/2 of Section 12, Township 41 North, Range ll East of the Third Principal Meridian, in Cook County, Illinois. ALSO: Lots 8,9 and 10 in Block 15 in Mount Prospect, a Subdivi- sion of part of the Northwest 1/4 North of Railroad and in the Northeast 1/4 of Section 12, Township 41 North, Range 11 East of the Third Principal Meridian, in Cook County, Illinois. ALSO: A strip of land 8 1/2 feet in width off the West end of Lot 6 of Block 13 in Busse and Wille's Resubdivision in Mount Prospect, in the West 1/2 of Section 12, Township 41 North, Range 11 East of the Third Principal Meridian, in Cook County, Illinois. Ail of the foregoing real property being depicted in orange color on the map attached hereto and made a part hereof as Exhibit B. AV~, ~ ~BUSSE