HomeMy WebLinkAboutOrd 6627 05/03/2022 The VIllage of Mount Prospect, Cook County, Illinois Adopting Tax Increment Financing for The South Mount Prospect Tax Increment Financing DistrictORDINANCE NO. 6627
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4
-SAN ORDINANCE OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY,
ILLINOIS ADOPTING TAX INCREMENT FINANCING FOR
THE SOUTH MOUNT PROSPECT TAX INCREMENT FINANCING DISTRICT
WHEREAS, the Village of Mount Prospect ("Village") is a home rule unit of local
government pursuant to Section 6 of Article V11 of the Constitution of the State of Illinois,
and has the authority to exercise any power and perform any function pertaining to its
government and affairs; and
WHEREAS, subject to said Section, a home rule unit may exercise any power and
perform any function pertaining to its government and affairs for the protection of the
public health, safety, morals, and welfare; and
WHEREAS, pursuant to the Tax Increment Allocation Redevelopment Act, .65
ILCS 5/11-74.4-1, of seq. ("TIF Act"), the Village authorized a study in regard to
designating a redevelopment project area for the Village's South Mount Prospect Tax
Increment Financing District ("TIF District"); and
WHEREAS, on February 18, 2022, the Village announced the availability of the
redevelopment plan and project for the proposed South Mount Prospect TIF District ("TIF
Plan"), with said TIF Plan containing an eligibility report for the proposed TIF District
("Eligibility Report") addressing the tax increment financing eligibility of the area proposed
for the redevelopment project area ("Redevelopment Project Area"); and
WHEREAS, a public hearing was held on April 19, 2022 regarding the TIF Plan;
and
WHEREAS, the Village President and Board of Trustees of the Village desire to
adopt tax increment financing pursuant to the TIF Act; and
WHEREAS, the Village President and Board of Trustees of the Village have
adopted and approved the TIF Plan and designated the Redevelopment Project Area
pursuant to the provisions of the TIF Act, and have otherwise complied with all other
conditions precedent required by the TIF Act;
NOW, THEREFORE, BE IT ORDAINED BY THE VILLAGE PRESIDENT AND
BOARD OF TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY,
ILLINOIS, AS FOLLOWS:
SECTION 1: Incorporation. That the recitals above shall be and are hereby
incorporated in this Section 1 as if restated herein.
SECTION 2: Approval of Tax Increment Financing. That tax increment financing
is hereby adopted with respect to the TIF District, with the TIF Plan in relation thereto
518040_1
having been approved and adopted pursuant to an Ordinance adopted by the Village
President and Board of Trustees of Village on May 3, 2022, and the Redevelopment
Project Area in relation thereto, described and depicted in EXHIBIT A-1 and EXHIBIT A-
2 attached hereto and made a part hereof, having been approved, adopted and so
designated pursuant to an Ordinance adopted by the Village President and Board of
Trustees of the Village on May 3, 2022, with the initial equalized assessed valuation for
said TIF District being the 2020 equalized assessed valuation of the Redevelopment
Project Area.
SECTION 3: Allocation of Ad Valorem Taxes. That the ad valorem taxes arising
from the levies upon taxable real property in the Redevelopment Project Area by taxing
districts, and tax rates determined in the manner provided in Section 11-74.4-9 of the TIF
Act, 65 ILCS 5/11-74.4-9, each year after the effective date of this Ordinance until
redevelopment project costs and all municipal obligations financing redevelopment
project costs have been paid, shall be divided as follows:
A. That portion of taxes levied upon each taxable lot, block, tract or parcel of
real property which is attributable to the lower of the current equalized
assessed value or the initial equalized assessed value (2020 equalized
assessed valuation) of each such taxable lot, block, tract or parcel of real
property in the Redevelopment Project Area shall be allocated to, and when
collected shall be paid by the Cook County Treasurer / Collector to, the
respective affected taxing districts in the manner required by law in the
absence of the adoption of tax increment allocation financing; and
B. That portion, if any, of such taxes which is attributable to the increase in the
current equalized assessed valuation of each lot, block, tract or parcel of
real property in the Redevelopment Project Area over and above the initial
equalized assessed valuation (2020 equalized assessed valuation) of each
lot, block, tract or parcel of real property in the Redevelopment Project Area
shall be allocated to, and when collected shall be paid by the Cook County
Treasurer / Collector to, the Village Treasurer who shall deposit said funds
in a special fund called "The South Mount Prospect Tax Increment
Financing District Tax Increment Allocation Fund" of the Village for the
development and implementation of the TIF Plan.
SECTION 4: Use of Incremental Taxes. That the Village shall obtain and utilize
incremental taxes from the Redevelopment Project Area for the payment of
redevelopment project costs and all Village obligations financing redevelopment project
costs in accordance with the provisions of the TIF Act and the TIF Plan.
SECTION 5: Severability. That if any Section, paragraph or provision of this
Ordinance shall be held to be invalid or unenforceable for any reason, the invalidity or
unenforceability of such Section, paragraph or provision shall not affect any of the
remaining provisions of this Ordinance.
518040__1 2
SECTION 6: Repeal. That all ordinances, resolutions, motions or parts thereof in
conflict with this Ordinance shall be and the same are hereby repealed.
SECTION 7: Effect. That this Ordinance shall be in full force and effect upon its
adoption, approval and publication in pamphlet form as provided by law.
ADOPTED this 3rd day of May, 2022 pursuant to a roll call vote as follows:
AYES: Filippone, Gens, Matuszak, Pissarreck, Rogers, Saccotelli
NAYES: None
ABSENT: None
APPROVED by me this 3rd day of May, 2022,
Village Presid n
ATTEST:
Village Clerk
Published in pamphlet form this 3rd day of May, 2022 under the authority of the Village
President and Board of Trustees.
Recorded in the Village records on May 3, 2022.
5180401_1 3
EXHIBIT A-1
REDEVELOPMENT PROJECT AREA DESCRIPTION
LEGAL DESCRIPTION
THOSE PARTS OF SECTIONS 14, 22, 23 AND 26, ALL IN TOWNSHIP 41 NORTH,
RANGE 8 EAST OF THE THIRD PRINCIPAL MERIDIAN, IN COOK COUNTY, ILLINOIS,
DESCRIBED AS FOLLOWS;
BEGINNING AT THE NORTHEAST CORNER OF THE NORTHEAST QUARTER OF
SAID SECTION 23; THENCE SOUTHERLY ALONG THE EAST LINE OF SAID
NORTHEAST QUARTER TO THE EASTERLY EXTENSION OF THE SOUTH LINE OF
DEMPSTER STREET, THENCE WESTERLY ALONG SAID EXTENSION AND SAID
SOUTH LINE TO THE EAST LINE OF THE WEST 479.60 FEET OF THE NORTH HALF
OF THE NORTHEAST QUARTER OF SAID NORTHEAST QUARTER OF SECTION 23,
THENCE SOUTH ALONG SAID EAST LINE TO THE NORTH LINE OF LOT 2 IN LAKE
CENTER, PLAZA RESUBDIVISION PER DOCUMENT NUMBER 0819145106; THENCE
EASTERLY ALONG SAID NORTH LINE TO THE NORTHEAST CORNER OF SAID LOT
2; THENCE SOUTHERLY THE FOLLOWING (4) COURSES ALONG THE EASTERLY
LINE OF SAID LOT 2; (1) THENCE SOUTH 270.28 FEET TO A BEND POINT; (2)
THENCE WESTERLY 20.07 FEET TO A BEND POINT; (3) THENCE SOUTH 397.41
FEET TO A POINT OF CURVATURE; (4) THENCE SOUTHERLY ALONG A CURVE
CONCAVE WESTERLY HAVING A RADIUS OF 466.07 FEET, AN ARC LENGTH OF
71.51 FEET TO THE SOUTHEAST CORNER OF SAID LOT 2; THENCE WESTERLY
ALONG THE SOUTH LINE OF SAID LOT 2, A DISTANCE OF 422.28 FEET TO THE
NORTHWEST CORNER OF LOT 1 IN SAID LAKE CENTER, PLAZA RESUBDIVISION;
THENCE SOUTH ALONG THE WEST LINE OF SAID LOT 1, A DISTANCE OF 980.71
FEET TO THE NORTHWEST CORNER OF LOT 1 IN LAKE CENTER PLAZA
RESUBDIVISION NO. 2 PER DOCUMENT NUMBER 91321871; THENCE SOUTHERLY
ALONG THE WESTERLY LINE OF SAID LOT 1, A DISTANCE OF 187.19 FEET TO THE
NORTH LINE OF ALGONQUIN ROAD, THENCE SOUTHWESTERLY TO THE
NORTHEAST CORNER OF THE WEST HALF OF THE SOUTHEAST QUARTER OF
SAID SECTION 23; THENCE SOUTHERLY ALONG THE EAST LINE OF SAID WEST
HALF 289.0 FEET TO THE EASTERLY EXTENSION OF THE NORTH LINE OF LOT 15
IN ELMHURST-ALGONQUIN INDUSTRIAL PARK -UNIT NO. 8 SUBDIVISION PER
DOCUMENT NUMBER 20409121; THENCE WESTERLY ALONG SAID EASTERLY
EXTENSION AND NORTH LINE OF SAID LOT 15, A DISTANCE OF 341.54 FEET TO
THE NORTHWEST CORNER OF SAID LOT 15; THENCE SOUTHERLY ALONG THE
WEST LINE OF SAID ELMHURST-ALGONQUIN INDUSTRIAL PARK -UNIT NO. 8
SUBDIVISION 539.36 FEET TO THE NORTH LINE OF THE SOUTH 1175.0 FEET OF
THE NORTH THREE-QUARTERS OF THE WEST HALF OF THE SOUTHEAST
QUARTER OF SAID SECTION 23; THENCE EAST ALONG SAID NORTH LINE 4.0
FEET TO THE NORTHWEST CORNER OF DENNES RESUBDIVISION PER
DOCUMENT NUMBER 25198789; THENCE SOUTHERLY ALONG THE WEST LINE OF
518040-1 4
SAID DENNES RESUBDIVISION 1110.85 FEET TO THE SOUTHWEST CORNER OF
LOT 2 IN SAID DENNES SUBDIVISION; THEN EASTERLY ALONG THE SOUTH LINE
OF SAID LOT 2, A DISTANCE OF 339.52 FEET TO SAID EAST LINE OF THE WEST
HALF OF THE SOUTHEAST QUARTER; THENCE SOUTHERLY ALONG SAID EAST
LINE OF THE WEST HALF TO THE SOUTH LINE OF OAKTON STREET; THENCE
WESTERLY ALONG SAID SOUTH LINE OF OAKTON STREET TO THE SOUTHERLY
EXTENSION OF THE EAST LINE OF LOT 2 IN GARLAND C. RICHARDSON'S
SUBDIVISION PER DOCUMENT NUMBER 16662336; THENCE NORTHERLY ALONG
SAID EXTENSION AND SAID EAST LINE OF LOT 2 TO THE NORTHEAST CORNER
OF SAID LOT 2; THENCE WESTERLY ALONG THE NORTH LINE OF SAID LOT 2 TO
THE EASTERLY LINE OF SAID 1-90 TOLL ROAD; THENCE NORTHWESTERLY
ALONG SAID EASTERLY LINE TO THE SOUTH LINE OF ABACUS CONSOLIDATION
OF LOTS 3 AND 4 PER DOCUMENT NUMBER 08009531; THENCE EASTERLY
ALONG SAID SOUTH LINE AND THE SOUTH LINE OF BUSSE ROAD INDUSTRIAL
PARK SUBDIVISION PER DOCUMENT 904723385 TO THE WEST LINE OF BUSSE
ROAD; THENCE NORTHERLY ALONG SAID WEST LINE OF BUSSE ROAD TO THE
WESTERLY EXTENSION OF THE NORTH LINE OF LOT 1 IN PLAZA UNITED
RESUBDIVISION OF LOT 1 PER DOCUMENT NUMBER 96489523; THENCE THE
FOLLOWING (3) COURSES ALONG SAID EXTENSION AND NORTH LINE; (1)
THENCE EAST ALONG SAID EXTENSION AND NORTH LINE TO A BEND POINT; (2)
THENCE SOUTHEASTERLY 116.13 FEET TO A BEND POINT; (3) THENCE
SOUTHEASTERLY 353.13 FEET TO THE MOST SOUTHERLY CORNER OF LOT 2 IN
SAID PLAZA UNITED RESUBDIVISION; THENCE THE FOLLOWING (4) COURSES
ALONG THE EASTERLY LINE OF SAID LOT 2; (1) THENCE NORTHEASTERLY 52.09
FEET; (2) THENCE NORTH 170 FEET; (3) THENCE EASTERLY 39 FEET; (4) THENCE
NORTH 250.43 FEET TO THE NORTHEAST CORNER OF SAID LOT 2; THENCE
NORTHERLY ALONG THE NORTHERLY EXTENSION OF SAID EASTERLY LINE OF
LOT 2 TO THE NORTH LINE OF DEMPSTER STREET; THENCE EASTERLY ALONG
SAID NORTH LINE OF DEMPSTER STREET TO THE NORTHERLY EXTENSION OF
THE EAST LINE OF LOT 1 IN BRIARWOOD BUSINESS CENTER SUBDIVISION PER
DOCUMENT NUMBER 0627931120; THENCE SOUTHERLY ALONG SAID
NORTHERLY EXTENSION AND SAID EAST LINE OF LOT 1 TO THE SOUTH LINE OF
LOT 2 IN LINNEMAN'S DIVISION PER DOCUMENT NUMBER 15716544; THENCE
EASTERLY ALONG SAID SOUTH LINE OF LOT 2 TO THE EAST LINE OF THE WEST
HALF OF THE NORTHEAST QUARTER OF SAID SECTION 23; THENCE NORTHERLY
ALONG SAID EAST LINE TO THE SOUTHEAST CORNER OF THE WEST HALF OF
THE SOUTHEAST QUARTER OF SAID SECTION 14; THENCE NORTHERLY ALONG
THE EAST LINE OF SAID WEST HALF OF THE SOUTHEAST QUARTER OF SECTION
14 TO THE NORTHEAST CORNER OF PICKWICK COMMONS SUBDIVISION PER
DOCUMENT NUMBER 20563555; THENCE WESTERLY ALONG THE NORTH LINE
OF SAID PICKWICK COMMON SUBDIVISION AND THE NORTH LINE OF LOT 1 IN
SAID LINNEMAN'S DIVISION TO THE WEST LINE OF SAID WEST HALF OF THE
SOUTHEAST QUARTER SECTION 14; THENCE NORTH ALONG SAID WEST LINE
TO THE SOUTHERLY LINE OF THE COMMONWEALTH EDISON'S RIGHT-OF-WAY;
THENCE NORTHEASTERLY ALONG SAID SOUTHERLY LINE TO A BEND POINT;
THENCE CONTINUING EAST ALONG SAID SOUTHERLY LINE TO THE EAST LINE
5180401-1 5
OF SAID SOUTHEAST QUARTER OF SECTION 14; THENCE SOUTHERLY ALONG
SAID EAST LINE TO THE PLACE OF BEGINNING.
General Location: the TIF District includes properties and rights of way in the Village of
Mount Prospect generally bounded by Kopp Park to the north, Busse Road to the west,
Oakton Street to the south, and Elmhurst Road to the east north of Dempster Street, with
the eastern boundary of the TIF District being west of Elmhurst Road south of Dempster
Street.
Property Index Numbers (°PINs" );
0823100018
0823202009
0823301006
0823102008
0823200051
0823202013
0823301007
0823101046
0823101014
0823202017
0823301008
0823202039
0823200052
0823202022
0823301009
0823202007
0823101015
0823202023
0823202041
0823401033
0823101016
0823202024
0823400004
0823300050
0823101017
0823202025
0823400008
0823101063
0823101020
0823202032
0823101035
0823201007
0823101024
0823300006
0823400015
0823201018
0823101032
0823202034
0823400011
0823201020
0823101033
0823300051
0823400016
0823201080
0823101034
0823202035
0823400017
0823201081
0823101036
0823202036
0823300055
0823201082
0823101037
0823202037
0823400009
0823201083
0823101038
0823202038
0823400018
0823201084
0823101041
0823202042
0823400019
0814401018
0823300047
0823101060
0823400020
0814401019
0823100012
0823202044
0823101048
0814403015
0823101044
0823300017
0823400021
0814403016
0823101045
0822401019
0823400022
0814403021
0823100020
0823300018
0823300023
0814403024
0823101047
0823300024
0823101064
0814403029
0823101051
0823300025
0823101061
0814403030
0823101055
0823300026
0823102011
0823203042
0823101058
0823101052
0823300058
0823100021
0823300027
0823202046
0823101059
0823300028
0823202047
0823101062
0823300029
0823400010
0823300007
0823300030
0823401004
0823102005
0823300031
0823101026
0823202050
0823300036
0823300057
0823102006
0823300049
0823101009
0823102007
0823300053
0823101057
0823102009
0823300054
0823101056
0823202008
0823301003
0823300022
5180401OP1 6
EXHIBIT A-1
LIST OF ADDRESSES
1621
S.
Busse Rd
Mount Prospect
IL
60056
1623
S.
Busse Rd
Mount Prospect
IL
60056
1625
S.
Busse Rd
Mount Prospect
IL
60056
1627
S.
Busse Rd
Mount Prospect
IL
60056
1629
S.
Busse Rd
Mount Prospect
IL
60056
1630
W.,
Algonquin
Rd
Mount Prospect
IL
60056
1632
W.
Algonquin
Rd
Mount Prospect
IL
60056
1634
W.
Algonquin
Rd
Mount Prospect
IL
60056
1636
W.
Algonquin
Rd
Mount Prospect
IL
60056
1638
W.
Algonquin
Rd
Mount Prospect
IL
60056
1640
W.
Algonquin
Rd
Mount Prospect
IL
60056
1642
W.
Algonquin
Rd
Mount Prospect
IL
60056
1644
W.
Algonquin
Rd
Mount Prospect
IL
60056
1646
W.
Algonquin
Rd
Mount Prospect
IL
60056
1648
W.
Algonquin
Rd
Mount Prospect
IL
60056
1650
W.
Algonquin
Rd
Mount Prospect
IL
60056
1652
W.
Algonquin
Rd
Mount Prospect
IL
60056
1654
W.
Algonquin
Rd
Mount Prospect
IL
60056
1656
W.
Algonquin
Rd
Mount Prospect
IL
60056
1658
W.
Algonquin
Rd
Mount Prospect
IL
60056
1660
W.
Algonquin
Rd
Mount Prospect
IL
60056
1540
W.
Algonquin
Rd
Mount Prospect
IL
60056
1651
W.
Algonquin
Rd
Arlington Heights
IL
60005
1641
W.
Algonquin
Rd
Mount Prospect
IL
60056
1637
W.
Algonquin
Rd
Mount Prospect
IL
60056
1635
W.
Algonquin
Rd
Mount Prospect
IL
60056
1633
W.
Algonquin
Rd
Mount Prospect
IL
60056
1631
W.
Algonquin
Rd
Mount Prospect
IL
60056
1621
W.
Algonquin
Rd
Mount Prospect
IL
60056
1601
W.
Algonquin
Rd
Mount Prospect
IL
60056
1603
W.
Algonquin
Rd
Mount Prospect
IL
60056
1605
W.
Algonquin
Rd
Mount Prospect
IL
60056
1611
W.
Algonquin
Rd
Mount Prospect
IL
60056
1613
W.
Algonquin
Rd
Mount Prospect
IL
60056
1615
W.
Algonquin
Rd
Mount Prospect
IL
60056
1619
W.
Algonquin
Rd
Mount Prospect
IL
60056
1629
W.
Algonquin
Rd
Mount Prospect
IL
60056
1591
W.
Algonquin
Rd
Mount Prospect
IL
60056
1551
W.
Algonquin
Rd
Mount Prospect
IL
60056
1105
E.
Algonquin
Rd
Arlington Heights
IL
60005
1105
E.
Algonquin
Rd
Arlington Heights
IL
60005
1117
E.
Algonquin
Rd
Arlington Heights
IL
60005
1229
E.
Algonquin
Rd
Arlington Heights
IL
60005
1305
E.
Algonquin
Rd
Arlington Heights
IL
60005
7
1401
E..
Algonquin
Rd
Arlington Heights
IL
60005
1401
E.
Algonquin
Rd
Arlington Heights
IL
60005
1399
E.
Algonquin
Rd
Arlington Heights
IL
60005
1425
E.
Algonquin
Rd
Arlington Heights
IL
60005
1427
E.
Algonquin
Rd
Arlington Heights
IL
60005
1429
E.
Algonquin
Rd
Arlington Heights
IL
60005
1431
E.
Algonquin
Rd
Arlington Heights
IL
60005
1433
E.
Algonquin
Rd
Arlington Heights
IL
60005
1435
E.
Algonquin
Rd
Arlington Heights
IL
60005
1415
E.
Algonquin
Rd
Arlington Heights
IL
60005
1449
E.
Algonquin
Rd
Arlington Heights
IL
60005
1601
E.
Algonquin
Rd
Arlington Heights
IL
60005
1603
E.
Algonquin
Rd
Arlington Heights
IL
60005
1605
E.
Algonquin
Rd
Arlington Heights
IL
60005
1200
E.
Algonquin
Rd
Mount Prospect
IL
60056
1450
E.
Algonquin
Rd
Arlington Heights
IL
60005
1460
E.
Algonquin
Rd
Arlington Heights
IL
60005
1500
E.
Algonquin
Rd
Arlington Heights
IL
60005
1502
E.
Algonquin
Rd
Arlington Heights
IL
60005
1504
E.
Algonquin
Rd
Arlington Heights
IL
60005
1506
E.
Algonquin
Rd
Arlington Heights
IL
60005
1508
E.
Algonquin
Rd
Arlington Heights
IL
60005
1510
E.
Algonquin
Rd
Arlington Heights
IL
60005
1512
E.
Algonquin
Rd
Arlington Heights
IL
60005
1514
E.
Algonquin
Rd
Arlington Heights
IL
60005
1516
E.
Algonquin
Rd
Arlington Heights
IL
60005
1518
E.
Algonquin
Rd
Arlington Heights
IL
60005
1520
E.
Algonquin
Rd
Arlington Heights
IL
60005
1522
E.
Algonquin
Rd
Arlington Heights
IL
60005
1524
E.
Algonquin
Rd
Arlington Heights
IL
60005
1526
E.
Algonquin
Rd
Arlington Heights
IL
60005
1528
E.
Algonquin
Rd
Arlington Heights
IL
60005
1530
E.
Algonquin
Rd
Arlington Heights
IL
60005
1532
E.
Algonquin
Rd
Arlington Heights
IL
60005
1534
E.
Algonquin
Rd
Arlington Heights
IL
60005
1605
E.
Algonquin
Rd
Arlington Heights
IL
60005
1605
E.
Algonquin
Rd
Arlington Heights
IL
60005
1605
E.
Algonquin
Rd
Arlington Heights
IL
60005
1799
S.
Busse Rd
Mount Prospect
IL
60056
1801
S.
Busse Rd
Mount Prospect
IL
60056
1803
S.
Busse Rd
Mount Prospect
IL
60056
1805
S.
Busse Rd
Mount Prospect
IL
60056
1901
S.
Busse Rd
Mount Prospect
IL
60056
1907
S.
Busse Rd
Mount Prospect
IL
60056
1911
S.
Busse Rd
Mount Prospect
IL
60056
1907
S.
Busse Rd
Mount Prospect
IL
60056
1921
S.
Busse Rd
Mount Prospect
IL
60056
2069
S.
Busse Rd
Mount Prospect
IL
60056
8
2101
S.
Busse Rd
Mount Prospect
IL
60056
1701
Kenneth
Dr
Mount Prospect
IL
60056
2105
S.
Busse Rd
Arlington Heights
IL
60005
2105
S.
Busse Rd
Arlington Heights
IL
60005
2107
S.
Busse Rd
Arlington Heights
IL
60005
2107
S.
Busse Rd
Arlington Heights
IL
60005
3201
S.
Busse Rd
Arlington Heights
IL
60005
3231
S.
Busse Rd
Arlington Heights
IL
60005
3233
S.
Busse Rd
Arlington Heights
IL
60005
3209
S.
Busse Rd
Mount Prospect
IL
60056
3229
S.
Busse Rd
Arlington Heights
IL
60005
3401
S.
Busse Rd
Mount Prospect
IL
60056
2240
S.
Busse Rd
Mount Prospect
IL
60056
3231
S.
Busse Rd
Arlington Heights
IL
60005
2316
Terminal
Dr
Arlington Heights
IL
60005
2316
Terminal
Dr
Arlington Heights
IL
60005
2400
Terminal
Dr
Mount Prospect
IL
60056
2316
Terminal
Dr
Arlington Heights
IL
60005
2316
Terminal
Dr
Arlington Heights
IL
60005
2316
Terminal
Dr
Arlington Heights
IL
60005
2312
Terminal
Dr
Mount Prospect
IL
60056
1000
Terminal
Dr
Arlington Heights
IL
60005
1000
Terminal
Dr
Arlington Heights
IL
60005
2304
Terminal
Dr
Mount Prospect
IL
60056
2304
Terminal
Dr
Mount Prospect
IL
60056
3400
Badger Rd.
Arlington Heights
IL
60005
2400
E.
Oakton St
Arlington Heights
IL
60005
2400
E.
Oakton St
Arlington Heights
IL
60005
2400
E.
Oakton St
Arlington Heights
IL
60005
2420
E.
Oakton St
Al
Arlington Heights
IL
60005
2420
E.
Oakton St
A2
Arlington Heights
IL
60005
2420
E.
Oakton St
A3
Arlington Heights
IL
60005
2420
E.
Oakton St
A4
Arlington Heights
IL
60005
2420
E.
Oakton St
B
Arlington Heights
IL
60005
2420
E.
Oakton St
C
Arlington Heights
IL
60005
2420
E.
Oakton St
D
Arlington Heights
IL
60005
2420
E.
Oakton St
E
Arlington Heights
IL
60005
2420
E.
Oakton St
F
Arlington Heights
IL
60005
2420
E.
Oakton St
G
Arlington Heights
IL
60005
2420
E.
Oakton St
H
Arlington Heights
IL
60005
2420
E.
Oakton St
I
Arlington Heights
IL
60005
2420
E.
Oakton St
J
Arlington Heights
IL
60005
2420
E.
Oakton St
K
Arlington Heights
IL
60005
2416
E.
Oakton St
Arlington Heights
IL
60005
2420
E.
Oakton St
Q
Arlington Heights
IL
60005
2420
E.
Oakton St
R
Arlington Heights
IL
60005
2420
E.
Oakton St
S
Arlington Heights
IL
60005
2420
E.
Oakton St
T
Arlington Heights
IL
60005
9
2420
E.
Oakton St
U
Arlington Heights
IL
60005
2420
E.
Oakton St
V
Arlington Heights
IL
60005
2420
E.
Oakton St
W
Arlington Heights
IL
60005
2420
E.
Oakton St
X
Arlington Heights
IL
60005
2420
E.
Oakton St
Y
Arlington Heights
IL
60005
2420
E.
Oakton St
Z
Arlington Heights
IL
60005
2424
E.
Oakton St
Arlington Heights
IL
60005
2430
E.
Oakton St
A
Arlington Heights
IL
60005
2432
E.
Oakton St
B
Arlington Heights
IL
60005
2434
E.
Oakton St
C
Arlington Heights
IL
60005
2436
E.
Oakton St
D
Arlington Heights
IL
60005
2438
E.
Oakton St
E
Arlington Heights
IL
60005
2440
E.
Oakton St
F
Arlington Heights
IL
60005
2442
E.
Oakton St
G
Arlington Heights
IL
60005
2444
E.
Oakton St
H
Arlington Heights
IL
60005
2446
E.
Oakton St
I
Arlington Heights
IL
60005
2448
E.
Oakton St
Arlington Heights
IL
60005
2450
E.
Oakton St
Arlington Heights
IL
60005
2452
E.
Oakton St
Arlington Heights
IL
60005
2454
E.
Oakton St
Arlington Heights
IL
60005
2456
E.
Oakton St
Arlington Heights
IL
60005
2458
E.
Oakton St
Arlington Heights
IL
60005
2460
E.
Oakton St
Arlington Heights
IL
60005
2462
E.
Oakton St
Arlington Heights
IL
60005
2464
E.
Oakton St
Arlington Heights
IL
60005
2466
E.
Oakton St
Arlington Heights
IL
60005
2468
E.
Oakton St
Arlington Heights
IL
60005
2470
E.
Oakton St
Arlington Heights
IL
60005
2472
E.
Oakton St
Arlington Heights
IL
60005
2474
E.
Oakton St
Arlington Heights
IL
60005
2476
E.
Oakton St
Arlington Heights
IL
60005
2478
E.
Oakton St
Arlington Heights
IL
60005
2480
E.
Oakton St
Arlington Heights
IL
60005
2482
E.
Oakton St
Arlington Heights
IL
60005
2484
E.
Oakton St
Arlington Heights
IL
60005
2486
E.
Oakton St
Arlington Heights
IL
60005
2488
E.
Oakton St
Arlington Heights
IL
60005
2490
E.
Oakton St
A
Arlington Heights
IL
60005
2490
E.
Oakton St
B
Arlington Heights
IL
60005
2490
E.
Oakton St
C
Arlington Heights
IL
60005
555
Carboy Rd
Mount Prospect
IL
60056
1743
Linneman
Rd
Mount Prospect
IL
60056
1747
Linneman
Rd
Mount Prospect
IL
60056
1751
Linneman
Rd
Mount Prospect
IL
60056
1755
Linneman
Rd
Mount Prospect
IL
60056
1759
Linneman
Rd
Mount Prospect
IL
60056
3028
Malmo Dr
Arlington Heights
IL
60005
3030
Malmo Dr
Arlington Heights
IL
60005
fI•
3020
Malmo Dr
Arlington Heights
IL
60005
3012
Malmo Dr
Arlington Heights
IL
60005
3014
Malmo Dr
Arlington Heights
IL
60005
3016
Malmo Dr
Arlington Heights
IL
60005
3018
Malmo Dr
Arlington Heights
IL
60005
3008
Malmo Dr
Arlington Heights
IL
60005
3010
Malmo Dr
Arlington Heights
IL
60005
3004
Malmo Dr
Arlington Heights
IL
60005
2944
Malmo Dr
Arlington Heights
IL
60005
2940
Malmo Dr
Arlington Heights
IL
60005
2936
Malmo Dr
Arlington Heights
IL
60005
2932
Malmo Dr
Arlington Heights
IL
60005
2928
Malmo Dr
Arlington Heights
IL
60005
2924
Malmo Dr
Arlington Heights
IL
60005
2920
Malmo Dr
Arlington Heights
IL
60005
2916
Malmo Dr
Arlington Heights
IL
60005
2912
Malmo Dr
Arlington Heights
IL
60005
2831
Malmo Dr
Arlington Heights
IL
60005
2831
Malmo Dr
Arlington Heights
IL
60005
3001
Malmo Dr
Arlington Heights
IL
60005
3001
Malmo Dr
Arlington Heights
IL
60005
3007
Malmo Dr
Arlington Heights
IL
60005
3007
Malmo Dr
Arlington Heights
IL
60005
3017
Malmo Dr
Arlington Heights
IL
60005
3019
Malmo Dr
Arlington Heights
IL
60005
3021
Malmo Dr
Arlington Heights
IL
60005
3023
Malmo Dr
Arlington Heights
IL
60005
3025
Malmo Dr
Arlington Heights
IL
60005
3027
Malmo Dr
Arlington Heights
IL
60005
3029
Malmo Dr
Arlington Heights
IL
60005
3031
Malmo Dr
Arlington Heights
IL
60005
3033
Malmo Dr
Arlington Heights
IL
60005
3035
Malmo Dr
Arlington Heights
IL
60005
1630
Wall St
Mount Prospect
IL
60056
1660
Wall St
100
Mount Prospect
IL
60056
1660
Wall St
200
Mount Prospect
IL
60056
1660
Wall St
300
Mount Prospect
IL
60056
1660
Wall St
400
Mount Prospect
IL
60056
1690
Wall St
Mount Prospect
IL
60056
1200
Dempster
St
Mount Prospect
IL
60056
601
Dempster
St
Mount Prospect
IL
60056
603
Dempster
St
Mount Prospect
IL
60056
605
Dempster
St
Mount Prospect
IL
60056
607
Dempster
St
Mount Prospect
IL
60056
609
Dempster
St
Mount Prospect
IL
60056
425
Dempster
St
Mount Prospect
IL
60056
423
Dempster
St
Mount Prospect
IL
60056
421 1/2
Dempster
St
Mount Prospect
IL
60056
11
421
Dempster
St
Mount Prospect
IL
60056
419
Dempster
St
Mount Prospect
IL
60056
420
Dempster
St
Mount Prospect
IL
60056
420
Dempster
St
Mount Prospect
IL
60056
420
Dempster
St
Mount Prospect
IL
60056
420
Dempster
St
Mount Prospect
IL
60056
400
Dempster
St
Mount Prospect
IL
60056
1550
S.
Elmhurst
Rd
Mount Prospect
IL
60056
1500
S.
Elmhurst
Rd
Mount Prospect
IL
60056
1490
S.
Elmhurst
Rd
Mount Prospect
IL
60056
1480
S.
Elmhurst
Rd 4
Mount Prospect
IL
60056
1480
S.
Elmhurst
Rd 5
Mount Prospect
IL
60056
1450
S.
Elmhurst
Rd
Mount Prospect
IL
60056
1470
S.
Elmhurst
Rd
Mount Prospect
IL
60056
1590
S.
Elmhurst
Rd
Mount Prospect
IL
60056
1660
Kenneth
Dr
Mount Prospect
IL
60056
1660
Kenneth
Dr
Mount Prospect
IL
60056
1660
Kenneth
Dr
Mount Prospect
IL
60056
1660
Kenneth
Dr
Mount Prospect
IL
60056
1660
Kenneth
Dr
Mount Prospect
IL
60056
1600
Kenneth
Dr
Mount Prospect
IL
60056
1601
Kenneth
Dr
Mount Prospect
IL
60056
1615
Kenneth
Dr
Mount Prospect
IL
60056
1010
Addison
Ct
Arlington Heights
IL
60005
1020
Addison
Ct
Arlington Heights
IL
60005
1020
Addison
Ct
Arlington Heights
IL
60005
1034
Addison
Ct
Arlington Heights
IL
60005
1036
Addison
Ct
Arlington Heights
IL
60005
1040
Addison
Ct
Arlington Heights
IL
60005
1042
Addison
Ct
Arlington Heights
IL
60005
1050
Addison
Ct
Arlington Heights
IL
60005
1060
Addison
Ct
Arlington Heights
IL
60005
1025
Addison
Ct
Arlington Heights
IL
60005
1025
Addison
Ct
Arlington Heights
IL
60005
1690
Imperial
Ct
Mount Prospect
IL
60056
1697
Imperial
Ct
Mount Prospect
IL
60056
1691
Imperial
Ct
Mount Prospect
IL
60056
1693
Imperial
Ct
Mount Prospect
IL
60056
1650
James
Dr
Mount Prospect
IL
60056
1600
James
Dr
Mount Prospect
IL
60056
12
EXHIBIT A-2
STREET LOCATION MAP
Proposed RPA Boundary
TIF Parcel RCCVVfV
Primary Structure COOK CO, CLERK'S OFFICE
MAY 10 loll
516866..2 13 TAX EXTENSION
[)E",RTME4 , T
ORDINANCE NO. 6627
AN ORDINANCE OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY,
ILLINOIS ADOPTING TAX INCREMENT FINANCING FOR
THE SOUTH MOUNT PROSPECT TAX INCREMENT FINANCING DISTRICT
WHEREAS, the Village of Mount Prospect ("Village") is a home rule unit of local
government pursuant to Section 6 of Article VII of the Constitution of the State of Illinois,
and has the authority to exercise any power and perform any function pertaining to its
government and affairs; and
WHEREAS, subject to said Section, a home rule unit may exercise any power and
perform any function pertaining to its government and affairs for the protection of the
public health, safety, morals, and welfare; and
WHEREAS, pursuant to the Tax Increment Allocation Redevelopment Act, 65
ILCS 5/11-74.4-1, et seq. ("TIF Act"), the Village authorized a study in regard to
designating a redevelopment project area for the Village's South Mount Prospect Tax
Increment Financing District ("TIF District"); and
WHEREAS, on February 18, 2022, the Village announced the availability of the
redevelopment plan and project for the proposed South Mount Prospect TIF District ("TIF
Plan"), with said TIF Plan containing an eligibility report for the proposed TIF District
("Eligibility Report") addressing the tax increment financing eligibility of the area proposed
for the redevelopment project area ("Redevelopment Project Area"); and
WHEREAS, a public hearing was held on April 19, 2022 regarding the TIF Plan;
and
WHEREAS, the Village President and Board of Trustees of the Village desire to
adopt tax increment financing pursuant to the TIF Act; and
WHEREAS, the Village President and Board of Trustees of the Village have
adopted and approved the TIF Plan and designated the Redevelopment Project Area
pursuant to the provisions of the TIF Act, and have otherwise complied with all other
conditions precedent required by the TIF Act;
NOW, THEREFORE, BE IT ORDAINED BY THE VILLAGE PRESIDENT AND
BOARD OF TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY,
ILLINOIS, AS FOLLOWS:
SECTION 1: Incorporation. That the recitals above shall be and are hereby
incorporated in this Section 1 as if restated herein.
SECTION 2: Approval of Tax Increment Financing. That tax increment financing
is hereby adopted with respect to the TIF District, with the TIF Plan in relation thereto
518040_1
having been approved and adopted pursuant to an Ordinance adopted by the Village
President and Board of Trustees of Village on May 3, 2022, and the Redevelopment
Project Area in relation thereto, described and depicted in EXHIBIT A-1 and EXHIBIT A-
2 attached hereto and made a part hereof, having been approved, adopted and so
designated pursuant to an Ordinance adopted by the Village President and Board of
Trustees of the Village on May 3, 2022, with the initial equalized assessed valuation for
said TIF District being the 2020 equalized assessed valuation of the Redevelopment
Project Area.
SECTION 3: Allocation of Ad Valorem Taxes. That the ad valorem taxes arising
from the levies upon taxable real property in the Redevelopment Project Area by taxing
districts, and tax rates determined in the manner provided in Section 11-74.4-9 of the TIF
Act, 65 ILCS 5/11-74.4-9, each year after the effective date of this Ordinance until
redevelopment project costs and all municipal obligations financing redevelopment
project costs have been paid, shall be divided as follows:
A. That portion of taxes levied upon each taxable lot, block, tract or parcel of
real property which is attributable to the lower of the current equalized
assessed value or the initial equalized assessed value (2020 equalized
assessed valuation) of each such taxable lot, block, tract or parcel of real
property in the Redevelopment Project Area shall be allocated to, and when
collected shall be paid by the Cook County Treasurer / Collector to, the
respective affected taxing districts in the manner required by law in the
absence of the adoption of tax increment allocation financing; and
B. That portion, if any, of such taxes which is attributable to the increase in the
current equalized assessed valuation of each lot, block, tract or parcel of
real property in the Redevelopment Project Area over and above the initial
equalized assessed valuation (2020 equalized assessed valuation) of each
lot, block, tract or parcel of real property in the Redevelopment Project Area
shall be allocated to, and when collected shall be paid by the Cook County
Treasurer / Collector to, the Village Treasurer who shall deposit said funds
in a special fund called "The South Mount Prospect Tax Increment
Financing District Tax Increment Allocation Fund" of the Village for the
development and implementation of the TIF Plan.
SECTION 4: Use of Incremental Taxes. That the Village shall obtain and utilize
incremental taxes from the Redevelopment Project Area for the payment of
redevelopment project costs and all Village obligations financing redevelopment project
costs in accordance with the provisions of the TIF Act and the TIF Plan.
SECTION 5: Severability. That if any Section, paragraph or provision of this
Ordinance shall be held to be invalid or unenforceable for any reason, the invalidity or
unenforceability of such Section, paragraph or provision shall not affect any of the
remaining provisions of this Ordinance.
5180401 2
SECTION 6: Repeal. That all ordinances, resolutions, motions or parts thereof in
conflict with this Ordinance shall be and the same are hereby repealed.
SECTION 7: Effect. That this Ordinance shall be in full force and effect upon its
adoption, approval and publication in pamphlet form as provided by law.
ADOPTED this 3rd day of May, 2022 pursuant to a roll call vote as follows:
AYES: Filippone, Gens, Matuszak, Pissarreck, Rogers, Saccotelli
NAYES: None
ABSENT: None
APPROVED by me this 3rd day of May, 2022.
Village P
ATTEST:
Village Clerk
Published in pamphlet form this 3rd day of May, 2022 under the authority of the Village
President and Board of Trustees.
Recorded in the Village records on May 3, 2022.
5180401 3
EXHIBIT A-1
REDEVELOPMENT PROJECT AREA DESCRIPTION
LEGAL DESCRIPTION
THOSE PARTS OF SECTIONS 14, 22, 23 AND 26, ALL IN TOWNSHIP 41 NORTH,
RANGE 8 EAST OF THE THIRD PRINCIPAL MERIDIAN, IN COOK COUNTY, ILLINOIS,
DESCRIBED AS FOLLOWS,
BEGINNING AT THE NORTHEAST CORNER OF THE NORTHEAST QUARTER OF
SAID SECTION 23; THENCE SOUTHERLY ALONG THE EAST LINE OF SAID
NORTHEAST QUARTER TO THE EASTERLY EXTENSION OF THE SOUTH LINE OF
DEMPSTER STREET; THENCE WESTERLY ALONG SAID EXTENSION AND SAID
SOUTH LINE TO THE EAST LINE OF THE WEST 479.60 FEET OF THE NORTH HALF
OF THE NORTHEAST QUARTER OF SAID NORTHEAST QUARTER OF SECTION 23;
THENCE SOUTH ALONG SAID EAST LINE TO THE NORTH LINE OF LOT 2 IN LAKE
CENTER, PLAZA RESUBDIVISION PER DOCUMENT NUMBER 0819145106, THENCE
EASTERLY ALONG SAID NORTH LINE TO THE NORTHEAST CORNER OF SAID LOT
2; THENCE SOUTHERLY THE FOLLOWING (4) COURSES ALONG THE EASTERLY
LINE OF SAID LOT 2; (1) THENCE SOUTH 270.28 FEET TO A BEND POINT; (2)
THENCE WESTERLY 20.07 FEET TO A BEND POINT; (3) THENCE SOUTH 397.41
FEET TO A POINT OF CURVATURE; (4) THENCE SOUTHERLY ALONG A CURVE
CONCAVE WESTERLY HAVING A RADIUS OF 466.07 FEET, AN ARC LENGTH OF
71.51 FEET TO THE SOUTHEAST CORNER OF SAID LOT 2; THENCE WESTERLY
ALONG THE SOUTH LINE OF SAID LOT 2, A DISTANCE OF 422.28 FEET TO THE
NORTHWEST CORNER OF LOT 1 IN SAID LAKE CENTER, PLAZA RESUBDIVISION;
THENCE SOUTH ALONG THE WEST LINE OF SAID LOT 1, A DISTANCE OF 980.71
FEET TO THE NORTHWEST CORNER OF LOT 1 IN LAKE CENTER PLAZA
RESUBDIVISION NO.2 PER DOCUMENT NUMBER 91321871; THENCE SOUTHERLY
ALONG THE WESTERLY LINE OF SAID LOT 1, A DISTANCE OF 187.19 FEET TO THE
NORTH LINE OF ALGONQUIN ROAD; THENCE SOUTHWESTERLY TO THE
NORTHEAST CORNER OF THE WEST HALF OF THE SOUTHEAST QUARTER OF
SAID SECTION 23; THENCE SOUTHERLY ALONG THE EAST LINE OF SAID WEST
HALF 289.0 FEET TO THE EASTERLY EXTENSION OF THE NORTH LINE OF LOT 15
IN ELMHURST-ALGONQUIN INDUSTRIAL PARK -UNIT NO. 8 SUBDIVISION PER
DOCUMENT NUMBER 20409121; THENCE WESTERLY ALONG SAID EASTERLY
EXTENSION AND NORTH LINE OF SAID LOT 15, A DISTANCE OF 341.54 FEET TO
THE NORTHWEST CORNER OF SAID LOT 15; THENCE SOUTHERLY ALONG THE
WEST LINE OF SAID ELMHURST-ALGONQUIN INDUSTRIAL PARK -UNIT NO. 8
SUBDIVISION 539.36 FEET TO THE NORTH LINE OF THE SOUTH 1175.0 FEET OF
THE NORTH THREE-QUARTERS OF THE WEST HALF OF THE SOUTHEAST
QUARTER OF SAID SECTION 23; THENCE EAST ALONG SAID NORTH LINE 4.0
FEET TO THE NORTHWEST CORNER OF DENNES RESUBDIVISION PER
DOCUMENT NUMBER 25198789, THENCE SOUTHERLY ALONG THE WEST LINE OF
518040,_1 4
SAID DENNES RESUBDIVISION 1110.85 FEET TO THE SOUTHWEST CORNER OF
LOT 2 IN SAID DENNES SUBDIVISION; THEN EASTERLY ALONG THE SOUTH LINE
OF SAID LOT 2, A DISTANCE OF 339.52 FEET TO SAID EAST LINE OF THE WEST
HALF OF THE SOUTHEAST QUARTER; THENCE SOUTHERLY ALONG SAID EAST
LINE OF THE WEST HALF TO THE SOUTH LINE OF OAKTON STREET; THENCE
WESTERLY ALONG SAID SOUTH LINE OF OAKTON STREET TO THE SOUTHERLY
EXTENSION OF THE EAST LINE OF LOT 2 IN GARLAND C. RICHARDSON'S
SUBDIVISION PER DOCUMENT NUMBER 16662336; THENCE NORTHERLY ALONG
SAID EXTENSION AND SAID EAST LINE OF LOT 2 TO THE NORTHEAST CORNER
OF SAID LOT 2; THENCE WESTERLY ALONG THE NORTH LINE OF SAID LOT 2 TO
THE EASTERLY LINE OF SAID 1-90 TOLL ROAD; THENCE NORTHWESTERLY
ALONG SAID EASTERLY LINE TO THE SOUTH LINE OF ABACUS CONSOLIDATION
OF LOTS 3 AND 4 PER DOCUMENT NUMBER 08009531; THENCE EASTERLY
ALONG SAID SOUTH LINE AND THE SOUTH LINE OF BUSSE ROAD INDUSTRIAL
PARK SUBDIVISION PER DOCUMENT 904723385 TO THE WEST LINE OF BUSSE
ROAD; THENCE NORTHERLY ALONG SAID WEST LINE OF BUSSE ROAD TO THE
WESTERLY EXTENSION OF THE NORTH LINE OF LOT 1 IN PLAZA UNITED
RESUBDIVISION OF LOT 1 PER DOCUMENT NUMBER 96489523; THENCE THE
FOLLOWING (3) COURSES ALONG SAID EXTENSION AND NORTH LINE; (1)
THENCE EAST ALONG SAID EXTENSION AND NORTH LINE TO A BEND POINT; (2)
THENCE SOUTHEASTERLY 116.13 FEET TO A BEND POINT; (3) THENCE
SOUTHEASTERLY 353.13 FEET TO THE MOST SOUTHERLY CORNER OF LOT 2 IN
SAID PLAZA UNITED RESUBDIVISION; THENCE THE FOLLOWING (4) COURSES
ALONG THE EASTERLY LINE OF SAID LOT 2; (1) THENCE NORTHEASTERLY 52.09
FEET; (2) THENCE NORTH 170 FEET; (3) THENCE EASTERLY 39 FEET; (4) THENCE
NORTH 250.43 FEET TO THE NORTHEAST CORNER OF SAID LOT 2; THENCE
NORTHERLY ALONG THE NORTHERLY EXTENSION OF SAID EASTERLY LINE OF
LOT 2 TO THE NORTH LINE OF DEMPSTER STREET; THENCE EASTERLY ALONG
SAID NORTH LINE OF DEMPSTER STREET TO THE NORTHERLY EXTENSION OF
THE EAST LINE OF LOT 1 IN BRIARWOOD BUSINESS CENTER SUBDIVISION PER
DOCUMENT NUMBER 0627931120; THENCE SOUTHERLY ALONG SAID
NORTHERLY EXTENSION AND SAID EAST LINE OF LOT 1 TO THE SOUTH LINE OF
LOT 2 IN LINNEMAN'S DIVISION PER DOCUMENT NUMBER 15716544; THENCE
EASTERLY ALONG SAID SOUTH LINE OF LOT 2 TO THE EAST LINE OF THE WEST
HALF OF THE NORTHEAST QUARTER OF SAID SECTION 23; THENCE NORTHERLY
ALONG SAID EAST LINE TO THE SOUTHEAST CORNER OF THE WEST HALF OF
THE SOUTHEAST QUARTER OF SAID SECTION 14; THENCE NORTHERLY ALONG
THE EAST LINE OF SAID WEST HALF OF THE SOUTHEAST QUARTER OF SECTION
14 TO THE NORTHEAST CORNER OF PICKWICK COMMONS SUBDIVISION PER
DOCUMENT NUMBER 20563555; THENCE WESTERLY ALONG THE NORTH LINE
OF SAID PICKWICK COMMON SUBDIVISION AND THE NORTH LINE OF LOT 1 IN
SAID LINNEMAN'S DIVISION TO THE WEST LINE OF SAID WEST HALF OF THE
SOUTHEAST QUARTER SECTION 14, THENCE NORTH ALONG SAID WEST LINE
TO THE SOUTHERLY LINE OF THE COMMONWEALTH EDISON'S RIGHT-OF-WAY;
THENCE NORTHEASTERLY ALONG SAID SOUTHERLY LINE TO A BEND POINT;
THENCE CONTINUING EAST ALONG SAID SOUTHERLY LINE TO THE EAST LINE
518040_,1 5
OF SAID SOUTHEAST QUARTER OF SECTION 14; THENCE SOUTHERLY ALONG
SAID EAST LINE TO THE PLACE OF BEGINNING.
General Location: the TIF District includes properties and rights of way in the Village of
Mount Prospect generally bounded by Kopp Park to the north, Busse Road to the west,
Oakton Street to the south, and Elmhurst Road to the east north of Dempster Street, with
the eastern boundary of the TIF District being west of Elmhurst Road south of Dempster
Street.
Property Index Numbers ("PINs"):
0823100018
0823202009
0823301006
0823102008
0823200051
0823202013
0823301007
0823101046
0823101014
0823202017
0823301008
0823202039
0823200052
0823202022
0823301009
0823202007
0823101015
0823202023
0823202041
0823401033
0823101016
0823202024
0823400004
0823300050
0823101017
0823202025
0823400008
0823101063
0823101020
0823202032
0823101035
0823201007
0823101024
0823300006
0823400015
0823201018
0823101032
0823202034
0823400011
0823201020
0823101033
0823300051
0823400016
0823201080
0823101034
0823202035
0823400017
0823201081
0823101036
0823202036
0823300055
0823201082
0823101037
0823202037
0823400009
0823201083
0823101038
0823202038
0823400018
0823201084
0823101041
0823202042
0823400019
0814401018
0823300047
0823101060
0823400020
0814401019
0823100012
0823202044
0823101048
0814403015
0823101044
0823300017
0823400021
0814403016
0823101045
0822401019
0823400022
0814403021
0823100020
0823300018
0823300023
0814403024
0823101047
0823300024
0823101064
0814403029
0823101051
0823300025
0823101061
0814403030
0823101055
0823300026
0823102011
0823203042
0823101058
0823101052
0823300058
0823100021
0823300027
0823202046
0823101059
0823300028
0823202047
0823101062
0823300029
0823400010
0823300007
0823300030
0823401004
0823102005
0823300031
0823101026
0823202050
0823300036
0823300057
0823102006
0823300049
0823101009
0823102007
0823300053
0823101057
0823102009
0823300054
0823101056
0823202008
0823301003
0823300022
518040__1 6
EXHIBIT A-1
LIST OF ADDRESSES
1621
S.
Busse Rd
Mount Prospect
IL
60056
1623
S.
Busse Rd
Mount Prospect
IL
60056
1625
S.
Busse Rd
Mount Prospect
IL
60056
1627
S.
Busse Rd
Mount Prospect
IL
60056
1629
S.
Busse Rd
Mount Prospect
IL
60056
1630
W.
Algonquin
Rd
Mount Prospect
IL
60056
1632
W.
Algonquin
Rd
Mount Prospect
IL
60056
1634
W.
Algonquin
Rd
Mount Prospect
IL
60056
1636
W.
Algonquin
Rd
Mount Prospect
IL
60056
1638
W.
Algonquin
Rd
Mount Prospect
IL
60056
1640
W.
Algonquin
Rd
Mount Prospect
IL
60056
1642
W.
Algonquin
Rd
Mount Prospect
IL
60056
1644
W.
Algonquin
Rd
Mount Prospect
IL
60056
1646
W.
Algonquin
Rd
Mount Prospect
IL
60056
1648
W.
Algonquin
Rd
Mount Prospect
IL
60056
1650
W.
Algonquin
Rd
Mount Prospect
IL
60056
1652
W.
Algonquin
Rd
Mount Prospect
IL
60056
1654
W.
Algonquin
Rd
Mount Prospect
IL
60056
1656
W.
Algonquin
Rd
Mount Prospect
IL
60056
1658
W.
Algonquin
Rd
Mount Prospect
IL
60056
1660
W.
Algonquin
Rd
Mount Prospect
IL
60056
1540
W.
Algonquin
Rd
Mount Prospect
IL
60056
1651
W.
Algonquin
Rd
Arlington Heights
IL
60005
1641
W.
Algonquin
Rd
Mount Prospect
IL
60056
1637
W.
Algonquin
Rd
Mount Prospect
IL
60056
1635
W.
Algonquin
Rd
Mount Prospect
IL
60056
1633
W.
Algonquin
Rd
Mount Prospect
IL
60056
1631
W.
Algonquin
Rd
Mount Prospect
IL
60056
1621
W.
Algonquin
Rd
Mount Prospect
IL
60056
1601
W.
Algonquin
Rd
Mount Prospect
IL
60056
1603
W.
Algonquin
Rd
Mount Prospect
IL
60056
1605
W.
Algonquin
Rd
Mount Prospect
IL
60056
1611
W.
Algonquin
Rd
Mount Prospect
IL
60056
1613
W.
Algonquin
Rd
Mount Prospect
IL
60056
1615
W.
Algonquin
Rd
Mount Prospect
IL
60056
1619
W.
Algonquin
Rd
Mount Prospect
IL
60056
1629
W.
Algonquin
Rd
Mount Prospect
IL
60056
1591
W.
Algonquin
Rd
Mount Prospect
IL
60056
1551
W.
Algonquin
Rd
Mount Prospect
IL
60056
1105
E.
Algonquin
Rd
Arlington Heights
IL
60005
1105
E.
Algonquin
Rd
Arlington Heights
IL
60005
1117
E.
Algonquin
Rd
Arlington Heights
IL
60005
1229
E.
Algonquin
Rd
Arlington Heights
IL
60005
1305
E.
Algonquin
Rd
Arlington Heights
IL
60005
7
1401
E.
Algonquin
Rd
Arlington Heights
IL
60005
1401
E.
Algonquin
Rd
Arlington Heights
IL
60005
1399
E.
Algonquin
Rd
Arlington Heights
IL
60005
1425
E.
Algonquin
Rd
Arlington Heights
IL
60005
1427
E.
Algonquin
Rd
Arlington Heights
IL
60005
1429
E.
Algonquin
Rd
Arlington Heights
IL
60005
1431
E.
Algonquin
Rd
Arlington Heights
IL
60005
1433
E.
Algonquin
Rd
Arlington Heights
IL
60005
1435
E.
Algonquin
Rd
Arlington Heights
IL
60005
1415
E.
Algonquin
Rd
Arlington Heights
IL
60005
1449
E.
Algonquin
Rd
Arlington Heights
IL
60005
1601
E.
Algonquin
Rd
Arlington Heights
IL
60005
1603
E.
Algonquin
Rd
Arlington Heights
IL
60005
1605
E.
Algonquin
Rd
Arlington Heights
IL
60005
1200
E.
Algonquin
Rd
Mount Prospect
IL
60056
1450
E.
Algonquin
Rd
Arlington Heights
IL
60005
1460
E.
Algonquin
Rd
Arlington Heights
IL
60005
1500
E.
Algonquin
Rd
Arlington Heights
IL
60005
1502
E.
Algonquin
Rd
Arlington Heights
IL
60005
1504
E.
Algonquin
Rd
Arlington Heights
IL
60005
1506
E.
Algonquin
Rd
Arlington Heights
IL
60005
1508
E.
Algonquin
Rd
Arlington Heights
IL
60005
1510
E.
Algonquin
Rd
Arlington Heights
IL
60005
1512
E.
Algonquin
Rd
Arlington Heights
IL
60005
1514
E.
Algonquin
Rd
Arlington Heights
IL
60005
1516
E.
Algonquin
Rd
Arlington Heights
IL
60005
1518
E.
Algonquin
Rd
Arlington Heights
IL
60005
1520
E.
Algonquin
Rd
Arlington Heights
IL
60005
1522
E.
Algonquin
Rd
Arlington Heights
IL
60005
1524
E.
Algonquin
Rd
Arlington Heights
IL
60005
1526
E.
Algonquin
Rd
Arlington Heights
IL
60005
1528
E.
Algonquin
Rd
Arlington Heights
IL
60005
1530
E.
Algonquin
Rd
Arlington Heights
IL
60005
1532
E.
Algonquin
Rd
Arlington Heights
IL
60005
1534
E.
Algonquin
Rd
Arlington Heights
IL
60005
1605
E.
Algonquin
Rd
Arlington Heights
IL
60005
1605
E.
Algonquin
Rd
Arlington Heights
IL
60005
1605
E.
Algonquin
Rd
Arlington Heights
IL
60005
1799
S.
Busse Rd
Mount Prospect
IL
60056
1801
S.
Busse Rd
Mount Prospect
IL
60056
1803
S.
Busse Rd
Mount Prospect
IL
60056
1805
S.
Busse Rd
Mount Prospect
IL
60056
1901
S.
Busse Rd
Mount Prospect
IL
60056
1907
S.
Busse Rd
Mount Prospect
IL
60056
1911
S.
Busse Rd
Mount Prospect
IL
60056
1907
S.
Busse Rd
Mount Prospect
IL
60056
1921
S.
Busse Rd
Mount Prospect
IL
60056
2069
S.
Busse Rd
Mount Prospect
IL
60056
8
2101
S.
Busse Rd
Mount Prospect
IL
60056
1701
Kenneth
Dr
Mount Prospect
IL
60056
2105
S.
Busse Rd
Arlington Heights
IL
60005
2105
S.
Busse Rd
Arlington Heights
IL
60005
2107
S.
Busse Rd
Arlington Heights
IL
60005
2107
S.
Busse Rd
Arlington Heights
IL
60005
3201
S.
Busse Rd
Arlington Heights
IL
60005
3231
S.
Busse Rd
Arlington Heights
IL
60005
3233
S.
Busse Rd
Arlington Heights
IL
60005
3209
S.
Busse Rd
Mount Prospect
IL
60056
3229
S.
Busse Rd
Arlington Heights
IL
60005
3401
S.
Busse Rd
Mount Prospect
IL
60056
2240
S.
Busse Rd
Mount Prospect
IL
60056
3231
S.
Busse Rd
Arlington Heights
IL
60005
2316
Terminal
Dr
Arlington Heights
IL
60005
2316
Terminal
Dr
Arlington Heights
IL
60005
2400
Terminal
Dr
Mount Prospect
IL
60056
2316
Terminal
Dr
Arlington Heights
IL
60005
2316
Terminal
Dr
Arlington Heights
IL
60005
2316
Terminal
Dr
Arlington Heights
IL
60005
2312
Terminal
Dr
Mount Prospect
IL
60056
1000
Terminal
Dr
Arlington Heights
IL
60005
1000
Terminal
Dr
Arlington Heights
IL
60005
2304
Terminal
Dr
Mount Prospect
IL
60056
2304
Terminal
Dr
Mount Prospect
IL
60056
3400
Badger Rd.
Arlington Heights
IL
60005
2400
E.
Oakton St
Arlington Heights
IL
60005
2400
E.
Oakton St
Arlington Heights
IL
60005
2400
E.
Oakton St
Arlington Heights
IL
60005
2420
E.
Oakton St
Al
Arlington Heights
IL
60005
2420
E.
Oakton St
A2
Arlington Heights
IL
60005
2420
E.
Oakton St
A3
Arlington Heights
IL
60005
2420
E.
Oakton St
A4
Arlington Heights
IL
60005
2420
E.
Oakton St
B
Arlington Heights
IL
60005
2420
E.
Oakton St
C
Arlington Heights
IL
60005
2420
E.
Oakton St
D
Arlington Heights
IL
60005
2420
E.
Oakton St
E
Arlington Heights
IL
60005
2420
E.
Oakton St
F
Arlington Heights
IL
60005
2420
E.
Oakton St
G
Arlington Heights
IL
60005
2420
E.
Oakton St
H
Arlington Heights
IL
60005
2420
E.
Oakton St
I
Arlington Heights
IL
60005
2420
E.
Oakton St
J
Arlington Heights
IL
60005
2420
E.
Oakton St
K
Arlington Heights
IL
60005
2416
E.
Oakton St
Arlington Heights
IL
60005
2420
E.
Oakton St
Q
Arlington Heights
IL
60005
2420
E.
Oakton St
R
Arlington Heights
IL
60005
2420
E.
Oakton St
S
Arlington Heights
IL
60005
2420
E.
Oakton St
T
Arlington Heights
IL
60005
2420
E.
Oakton St
U
Arlington Heights
IL
60005
2420
E.
Oakton St
V
Arlington Heights
IL
60005
2420
E.
Oakton St
W
Arlington Heights
IL
60005
2420
E.
Oakton St
X
Arlington Heights
IL
60005
2420
E.
Oakton St
y
Arlington Heights
IL
60005
2420
E.
Oakton St
Z
Arlington Heights
IL
60005
2424
E.
Oakton St
Arlington Heights
IL
60005
2430
E.
Oakton St
A
Arlington Heights
IL
60005
2432
E.
Oakton St
B
Arlington Heights
IL
60005
2434
E.
Oakton St
C
Arlington Heights
IL
60005
2436
E.
Oakton St
D
Arlington Heights
IL
60005
2438
E.
Oakton St
E
Arlington Heights
IL
60005
2440
E.
Oakton St
F
Arlington Heights
IL
60005
2442
E.
Oakton St
G
Arlington Heights
IL
60005
2444
E.
Oakton St
H
Arlington Heights
IL
60005
2446
E.
Oakton St
I
Arlington Heights
IL
60005
2448
E.
Oakton St
Arlington Heights
IL
60005
2450
E.
Oakton St
Arlington Heights
IL
60005
2452
E.
Oakton St
Arlington Heights
IL
60005
2454
E.
Oakton St
Arlington Heights
IL
60005
2456
E.
Oakton St
Arlington Heights
IL
60005
2458
E.
Oakton St
Arlington Heights
IL
60005
2460
E.
Oakton St
Arlington Heights
IL
60005
2462
E.
Oakton St
Arlington Heights
IL
60005
2464
E.
Oakton St
Arlington Heights
IL
60005
2466
E.
Oakton St
Arlington Heights
IL
60005
2468
E.
Oakton St
Arlington Heights
IL
60005
2470
E.
Oakton St
Arlington Heights
IL
60005
2472
E.
Oakton St
Arlington Heights
IL
60005
2474
E.
Oakton St
Arlington Heights
IL
60005
2476
E.
Oakton St
Arlington Heights
IL
60005
2478
E.
Oakton St
Arlington Heights
IL
60005
2480
E.
Oakton St
Arlington Heights
IL
60005
2482
E.
Oakton St
Arlington Heights
IL
60005
2484
E.
Oakton St
Arlington Heights
IL
60005
2486
E.
Oakton St
Arlington Heights
IL
60005
2488
E.
Oakton St
Arlington Heights
IL
60005
2490
E.
Oakton St
A
Arlington Heights
IL
60005
2490
E.
Oakton St
B
Arlington Heights
IL
60005
2490
E.
Oakton St
C
Arlington Heights
IL
60005
555
Carboy Rd
Mount Prospect
IL
60056
1743
Linneman
Rd
Mount Prospect
IL
60056
1747
Linneman
Rd
Mount Prospect
IL
60056
1751
Linneman
Rd
Mount Prospect
IL
60056
1755
Linneman
Rd
Mount Prospect
IL
60056
1759
Linneman
Rd
Mount Prospect
IL
60056
3028
Malmo Dr
Arlington Heights
IL
60005
3030
Malmo Dr
Arlington Heights
IL
60005
10
3020
Malmo Dr
Arlington Heights
IL
60005
3012
Malmo Dr
Arlington Heights
IL
60005
3014
Malmo Dr
Arlington Heights
IL
60005
3016
Malmo Dr
Arlington Heights
IL
60005
3018
Malmo Dr
Arlington Heights
IL
60005
3008
Malmo Dr
Arlington Heights
IL
60005
3010
Malmo Dr
Arlington Heights
IL
60005
3004
Malmo Dr
Arlington Heights
IL
60005
2944
Malmo Dr
Arlington Heights
IL
60005
2940
Malmo Dr
Arlington Heights
IL
60005
2936
Malmo Dr
Arlington Heights
IL
60005
2932
Malmo Dr
Arlington Heights
IL
60005
2928
Malmo Dr
Arlington Heights
IL
60005
2924
Malmo Dr
Arlington Heights
IL
60005
2920
Malmo Dr
Arlington Heights
IL
60005
2916
Malmo Dr
Arlington Heights
IL
60005
2912
Malmo Dr
Arlington Heights
IL
60005
2831
Malmo Dr
Arlington Heights
IL
60005
2831
Malmo Dr
Arlington Heights
IL
60005
3001
Malmo Dr
Arlington Heights
IL
60005
3001
Malmo Dr
Arlington Heights
IL
60005
3007
Malmo Dr
Arlington Heights
IL
60005
3007
Malmo Dr
Arlington Heights
IL
60005
3017
Malmo Dr
Arlington Heights
IL
60005
3019
Malmo Dr
Arlington Heights
IL
60005
3021
Malmo Dr
Arlington Heights
IL
60005
3023
Malmo Dr
Arlington Heights
IL
60005
3025
Malmo Dr
Arlington Heights
IL
60005
3027
Malmo Dr
Arlington Heights
IL
60005
3029
Malmo Dr
Arlington Heights
IL
60005
3031
Malmo Dr
Arlington Heights
IL
60005
3033
Malmo Dr
Arlington Heights
IL
60005
3035
Malmo Dr
Arlington Heights
IL
60005
1630
Wall St
Mount Prospect
IL
60056
1660
Wall St
100
Mount Prospect
IL
60056
1660
Wall St
200
Mount Prospect
IL
60056
1660
Wall St
300
Mount Prospect
IL
60056
1660
Wall St
400
Mount Prospect
IL
60056
1690
Wall St
Mount Prospect
IL
60056
1200
Dempster
St
Mount Prospect
IL
60056
601
Dempster
St
Mount Prospect
IL
60056
603
Dempster
St
Mount Prospect
IL
60056
605
Dempster
St
Mount Prospect
IL
60056
607
Dempster
St
Mount Prospect
IL
60056
609
Dempster
St
Mount Prospect
IL
60056
425
Dempster
St
Mount Prospect
IL
60056
423
Dempster
St
Mount Prospect
IL
60056
421 1/2
Dempster
St
Mount Prospect
IL
60056
11
421
Dempster
St
Mount Prospect
IL
60056
419
Dempster
St
Mount Prospect
IL
60056
420
Dempster
St
Mount Prospect
IL
60056
420
Dempster
St
Mount Prospect
IL
60056
420
Dempster
St
Mount Prospect
IL
60056
420
Dempster
St
Mount Prospect
IL
60056
400
Dempster
St
Mount Prospect
IL
60056
1550
S.
Elmhurst
Rd
Mount Prospect
IL
60056
1500
S.
Elmhurst
Rd
Mount Prospect
IL
60056
1490
S.
Elmhurst
Rd
Mount Prospect
IL
60056
1480
S.
Elmhurst
Rd 4
Mount Prospect
IL
60056
1480
S.
Elmhurst
Rd 5
Mount Prospect
IL
60056
1450
S.
Elmhurst
Rd
Mount Prospect
IL
60056
1470
S.
Elmhurst
Rd
Mount Prospect
IL
60056
1590
S.
Elmhurst
Rd
Mount Prospect
IL
60056
1660
Kenneth
Dr
Mount Prospect
IL
60056
1660
Kenneth
Dr
Mount Prospect
IL
60056
1660
Kenneth
Dr
Mount Prospect
IL
60056
1660
Kenneth
Dr
Mount Prospect
IL
60056
1660
Kenneth
Dr
Mount Prospect
IL
60056
1600
Kenneth
Dr
Mount Prospect
IL
60056
1601
Kenneth
Dr
Mount Prospect
IL
60056
1615
Kenneth
Dr
Mount Prospect
IL
60056
1010
Addison
Ct
Arlington Heights
IL
60005
1020
Addison
Ct
Arlington Heights
IL
60005
1020
Addison
Ct
Arlington Heights
IL
60005
1034
Addison
Ct
Arlington Heights
IL
60005
1036
Addison
Ct
Arlington Heights
IL
60005
1040
Addison
Ct
Arlington Heights
IL
60005
1042
Addison
Ct
Arlington Heights
IL
60005
1050
Addison
Ct
Arlington Heights
IL
60005
1060
Addison
Ct
Arlington Heights
IL
60005
1025
Addison
Ct
Arlington Heights
IL
60005
1025
Addison
Ct
Arlington Heights
IL
60005
1690
Imperial
Ct
Mount Prospect
IL
60056
1697
Imperial
Ct
Mount Prospect
IL
60056
1691
Imperial
Ct
Mount Prospect
IL
60056
1693
Imperial
Ct
Mount Prospect
IL
60056
1650
James
Dr
Mount Prospect
IL
60056
1600
James
Dr
Mount Prospect
IL
60056
12
EXHIBIT A-2
STREET LOCATION MAP
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