HomeMy WebLinkAboutOrd 3586 12/03/1985 RDINANCE NO. 3586
AN ORDINANCE AUTHRO!ZING THE ACQUISITION OF PROPERTY
FOR THE DISTRICT NO. 1 TAX INCREMENT REDEVELOPMENT
PLAN AND REDEVELOPMENT PROJECT
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
THE ~r~ DAY OF December , 1985.
Published in pamphlet form by
authority of the corporate
authorities of the Village of
Mount Prospect, Illinois, the
5th day of December , 1985.
RDINANCE NO. 3586
AN ORDINANCE AUTHORIZING THE ACQUISIT. ION
OF PROPERTY 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 INCREMENT REDEVELOPMENT PLAN AND REDEVELOP-
MENT PROJECT FOR THE DISTRICT NO. t REDEVELOPMENT PROJECT
AREA IN THE VILLAGE OF MOUNT PROSPECT, ILLINOIS, and Ordinance
No. 3555 entitled AN ORDINANCE DESIGNATING DISTRICT NO. 1
TAX INCREMENT REDEVELOPMENT PROJECT AREA IN THE VILLAGE OF
MOUNT PROSPECT, ILLINOIS, both of which are incorporated
herein in 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 et 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. 1 TAX INCREMENT REDEVELOPMENT PLAN AND REDEVELOP-
MENT PROJECT would attract to the Village of Mount Prospect
additional commercial ventures, increase business for commercial
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
COIR~TY, ILLINOIS, as follows:
SECTION 1: That it is hereby determined that the
DISTRICT NO. 1 TAX INCREMENT REDEVELOp~VfENT PLAN AND REDEVELOP-
MENT 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 con-
venient 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
REDEVELOP}~NT PLAN AND REDEVELOPMENT PROJECT, and which
property lies wholly within the limits of the Village of
ount 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 this Ordinance shall be in full force
and effect from and after its passage, approval and publication
in pamphlet form as provided by law.
AYES:
NAYS:
ABSENT:
PASSED AND APPROVED
Arthur, Farley, Floros, Murauskis,
None
None
Van Geem,
this 3rd day of December
Wattenberg
, 1985.
ATTEST:
Village Clerk
'V~{ lag'e President'
EXHIBIT A
Lot 16 in Busse's Subdivision of Lot "A" of Block 11 in Busse and
Wille's Resubdivision in Mount Prospect, namely all of that part
of the East 1/2 of the Northwest 1/4 of Section 12, Township 41
North, Range 11 East of the Third Principal Meridian, lying North
of the Railroad in Cook County, Illinois.
ALSO:
Lots 13, 14 and 15 in Block 11 in Busse and Wille's Resubdivlsion
in Mount Prospect, namely all of that part of the East 1/2 of the
Northwest 1/4 of Section 12, Township 41 North, Range 11 East of
the Third Principal Meridian, lying North of the Railroad, in
Cook County, Illinois.
ALSO:
Lots "A" and "B" in Resubdivision of Lots 2, 3, 4, 5 and 6 in
Subdivision of Block 10 of Busse and Wille's Resubdivision in
Mount Prospect, namely all of that part of the East 1/2 of the
Northwe~t 1/4 of Section 12 Township 41 North, Range 11 East of
the Th'~rd Principal Meridian, lying North of the Railroad, in
Cook County, Illinois.
ALSO:
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 4t North, Range 11 East of the Third Principal, in Cook
County, Illinois.
ALSO:
Lots 8, 9 and 10 in Block 15 in Mount Prospect,
part of the Northwest 1/4 North of Railroad and
1/4 of Section 12, Township 41 North, Range 11
Principal Meridian, in Cook County, Illinois.
a Subdivision of
in the Northeast ~
East of the Third
ALSO:
Lot 1 in Subdivision of Block 10 in Busse and Wille's Resub-
division in Mount Prospect in the West 1/2 of Section 12,
Township 41 North, Range ll East of the Third Principal Meridian,
except that part described as follows: beginning at the Southeast
corner of said Lot 1; thence on an assumed bearing of North along
the East line of said Lot 1, a distance of 9.26 feet to a point;
thence North 58 degrees 15 minutes 45 seconds West 75.57 feet;
thence North 44 degrees 48 minutes 21 seconds West 27.46 feet;
thence North 53 degrees 45 minutes 07 seconds West 105.30 feet to
a point on a 955.40 foot radius curve, the center of circle of
said curve bears North 44 degrees 12 minutes 52 seconds East from
said point; thence Southeasterly along said curve 213.77 feet,
central angle 12 degrees 49 minutes 11 seconds to the point of
beginning, in Cook County, Illinois.
ALSO:
Part of Block 9 in Busse and Wille's Resubdivision in Mount
Prospect, namely, all of that part of the East 1/2 of the
NorthweSt 1/4 of Section 12-41-11 East lying North of the Chicago
and Northwestern Railway right-of-way and railroad reserve
(except Lots 34 to 38 inclusive of Block 12) ',Plat of Mount
Prospect being a subdivision in Section"12-41-11-E"; further
described as the following: commencing at the point of inter-
section of the South right-of-way of Evergreen Avenue with the
East right-of-way of Elm Street, thence~Easterly along~said South
right-of-way line of Evergreen Avenue, a distance of 314.20 feet
to the point of intersection of the South right-of-way of
Evergreen Avenue with the West right-of-way of School Street;
thence Southerly, a distance of 338.42 feet to a point of
intersection of the Westerly right-of-way of School Street with
the Northeast corner of Lot A of George R. Busses's Resub-
division; thence Westerly, a distance of 81.90 feet along the
North property line of Lot A of George R. Busses's Resubdivision
to the Northwest corner of said Lot A; thence Southwesterly along
the Western boundary of George R. Busses's Resubdivision a
distance of 120 feet to the point of intersection of the North
right-of-way of Northwest Highway with the Southwestern corner of
said Lot A of George R. Busses's Resubdivision; thence North-
westerly along the Northern right-of-way of Northwest Highway a
distance of 199.11 feet to the point of intersection of the North
right-of-way of Northwest Highway with the East right-of-way of
Elan Street; thence Northerly a distance of. 336.92 feet to the
point of beginning; all located in Section 12 Township 41 North,
Ra~ge ll East, ail located in the Village of Mount Prospect, Cook
Co~]nty, Illinois.
All of the foregoing real property being depicted as shaded ua
the map attached hereto and made a part hereof as Exhibit B.
EXHIBIT B·~
) E. V2
N.W. ¼ '~ec. 12 -41 - II
ELK GROVE
W.V~ N.E.F
EL
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