HomeMy WebLinkAboutOrd 4922 04/07/1998 ORDINANCE NO. 4922
AN ORDINANCE AUTHORIZING THE ACQUISITION OF CERTAIN
REAL PROPERTY FOR THE DISTRICT NO. 1 REDEVELOPMENT
PROJECT AREA IN THE VILLAGE OF MOUNT PROSPECT
Passed and approved by
the President and Board of Trustees
the 7th day of April ,1998
Published in pamphlet form by
authority of the corporate
authorities of the Village of
Mount Prospect, Illinois, the
7th day of April ,1998.
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ORDINANCE NO. 4922
AN ORDINANCE AUTHORIZING THE ACQUISITION OF CERTAIN REAL
PROPERTY FOR THE DISTRICT NO. 1 REDEVELOPMENT PROJECT AREA
IN THE VILLAGE OF MOUNT PROSPECT
WHEREAS, the Village of Mount Prospect is a municipality which exemises authority pursuant to
Chapter 65, Art 5, Section 11-74.4-1 et seq. of the Illinois Municipal Code as set forth in the
Illinois Compiled Statutes, known as the "Tax Increment Allocation Redevelopment Act"; and
WHEREAS, the Village of Mount Prospect did on August 20, 1985 adopt Ordinance No. 3554
entitled "An Ordinance Approving the Tax Increment Redevelopment Plan and Redevelopment
Project for District No. I Redevelopment Project Area in the Village of Mount Prospect, Illinois";
and
WHEREAS, the Village of Mount Prospect did on August 20, 1985 adopt Ordinance No. 3555
entitled "an Ordinance Designating District No. 1 Tax Increment Redevelopment Project Area in
the Village of Mount Prospect, Illinois,' designating District No. I as a redevelopment project
pursuant to the Tax Increment Allocation Redevelopment Act; and
WHEREAS, the Village of Mount Prospect did on August 20, 1985 adopt Ordinance No. 3556
entitled "An Ordinance Adopting Tax Increment Financing for the District No. I Tax Increment
Redevelopment Project Area in the Village of Mount Prospect, IllinoisU; and
WHEREAS, the Village President and Board of Trustees of the Village of Mount Prospect have
determined that the acquisition of the real property described on Exhibit A, attached hereto and
made a part of this Ordinance, is necessary and appropriate for the implementation of the Tax
Increment Redevelopment Plan and Redevelopment Project for District No. 1 Redevelopment
Project Area heretofore approved; and
WHEREAS, pursuant to the provisions of Chapter 65, Act 5, Section 11-74.4-4 (c) of the Illinois
Municipal Code as set forth in the Illinois Compiled Statutes the Village of Mount Prospect is
authorized to acquire property, real or personal, within the District No. 1 Redevelopment Project
Area by purchase, donation, lease or eminent domain for the purposes of implementing said
redevelopment project.
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF
THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
SECTION ONE: That it is hereby determined that the real property described on Exhibit A,
attached hereto and made a part of this Ordinance, is necessary and appropriate for the
implementation of the Tax Increment Redevelopment Plan and Redevelopment Project for
District No. 1 Redevelopment Project Area heretofore approved.
SECTION TWO: That it is hereby determined that the real property described on Exhibit A be
utilized, occupied and developed pursuant to the Tax Increment Redevelopment Plan and
edevelopment Project for Distdct No. I Redevelopment Project Area, a redevelopment area
pursuant to the Tax Increment Allocation Redevelopment Act.
SECTION THREE: That it is hereby determined that it is necessary, proper and desirable that the
Village of Mount Prospect shall acquire title to and possession of the real property described in
Exhibit A for the reason that said real property is necessary, required and needed for the
implementation of the Tax Increment Redevelopment Plan and Redevelopment Project for
Distdct No. 1 Redevelopment Project Area heretofore approved.
SECTION FOUR: That the Village of Mount Prospect, the Village Attomey of the Village of Mount
Prospect, and Burke and Ryan, Special Attorneys of the Village of Mount Prospect, be and are
hereby authorized, empowered and directed to negotiate for and on behalf of the Village of Mount
Prospect with the owner or owners of the real property described on Exhibit A for the purpose
thereof by the Village of Mount Prospect.
SECTION FIVE: That in the event that the Village Attorney and Special Attorneys are unable to
agree with the owner or owners of said real property as to the compensation to be paid therefor,
then title and possession of said real property legally described on Exhibit A shall be acquired by
the Village of Mount Prospect through condemnation and the Village Attorney and Special
Attorneys are hereby authorized, empowered and directed to institute proceedings in any court of
competent jurisdiction to acquire title to and possession of said real property for the Village of
Mount Prospect in accordance with the eminent domain laws of the State of Illinois and pursuant
to the Tax Increment Allocation Redevelopment Act.
SECTION SIX: That this Ordinance shall be in full force and effect upon its passage, by the
Board of Trustees of the Village of Mount Prospect, Illinois and approval by the President thereof,
and publication in pamphlet form the ~th day of Apri 1 . 1998.
AYES: Corcoran, Hoefert, Lohrstorfer, Nocchi, Wilks
NAYS: C1 owes
ABSENT: None
PASSED and APPROVED this 7th dayof April ,1998.
ATTEST: V'l g r ' j
Carol A. Fields
Village Clerk
EXHIBIT A
LEGAL DESCRIPTION OF 3 SOUTH WILLE STREET,
MOUNT PROSPECT, ILLINOIS
Lot 2 in the McLean Resubdivision in Mount Prospect, being a resubdivision in the
West Half of Section 12, Township 41 North, Range 11, East of the Third Principal
Meridian, in the Village of Mount Prospect, according to the plat thereof registered
in the Office of the Registrar of Tiles of cook County, Illinois on October 20, 1975
as Document LR 2835833.
PERMANENT TAX INDEX NO. 08-12-102-044