HomeMy WebLinkAboutOrd 4898 10/28/1997 ORDINANCE NO~- ~4898
AN ORDINANCE AUTEIORIZING TIlE ACQUISITION OF CERTAIN REAL
PROPERTY FOR THE DISTRICT NO. 1 REDEVELOPMENT PROJECT AREA IN
T~E VILLAGE OF MOUNT PROSPECT, ILLINOIS
WHEREAS, the Village of Mount Prospect is a municipality which exercises
authority pursuant to Chapter 65, Act' 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. 1 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. 1 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. 1
Tax Increment Redevelopment Project Area in the Village of Mount Prospect, Illinois"; and
WHEREAS, the Village President and Board of Trustees of the V'fllage of Mount
Prospect have detemained 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 TFIE VILLAGE OF MOUNT PROSPECT, COOK COUNTY,
ILLINOIS AS FOLLOWS:
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 Incremem Redevelopment
Plan and Redevelopment Project for District No. 1 Redevelopment Project Area, a
redevelopment area pursuant to the Tax Increment Allocation Redevelopment Act.
SECTION T}IREE: That it is hereby determined that it is necessary, proper and
desirable that the V'fllage 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 District No. 1 Redevelopment Project Area heretofore approved.
SECTION FOUR: That the Village of Mourn Prospect, the V'fllage Attorney 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 V'fllage of Mount Prospect with the owner or owners of the real property
described on Exhibit A for the purchase thereof by the V'fllage 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 V'tllage 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: This Ordinance shall be in full force and effect upon its passage,
by the Board of Trustees of the V'fllage of Mount Prospect, lllinois and approval by the
President thereof, and publication in pamphlet form the 28th day of October ,1997.
1997.
AYES: Corcoran, Hoefert, kohrstorfer, Nocchi, Wilks, Farley
NAYS: C1 owes
ABSENT: None
VILLAGE CLERK
EXHIBIT A
Legal Description of
2-10 E. Northwest Hi,qhway, Mount Prospect, Illinois
THE WEST 40 FEET OF LOT 10 IN BLOCK 13 IN BUSSE AND WlLLE'S
RESUBDIVSION OF MOUNT PROSPECT IN THE WEST 1/2 OF THE
NORTHWEST 1/4 OF SECTION 12, TOWNSHIP 41 NORTH, RANGE 11, EAST
OF THE THIRD PRINCIPAL MERIDIAN
PERMANENT TAX INDEX NO. 08-12-108-025
and
THE EAST 11.11 FEET OF LOT 10 AND THE WEST 28 FEET OF LOT 9 IN
BLOCK 13 IN BUSSE AND WILLE'S RESUBDIVSION OF MOUNT PROSPECT IN
THE WEST '1/2 OF THE NORTHWEST 1/4 OF SECTION 12, TOWNSHIP 41
NORTH, RANGE 11, EAST OF THE THIRD PRINCIPAL MERIDIAN
PERMANENT TAX INDEX NO. 08-12-108-028
and
THE EAST 23 FEET OF LOT 9 AND THE WEST 23 FEET OF LOT 8 IN BLOCK 13
IN BUSSE AND WILLE'S RESUBDI¥SION OF MOUNT PROSPECT IN THE WEST
1/2 OF THE NORTHWEST 1/4 OF SECTION 12, TOWNSHIP 41 NORTH, RANGE
11, EAST OF THE THIRD PRINCIPAL MERIDIAN
PERMANENT TAX INDEX NO. 08-12-108-034
08-12-108-037
and
THE WEST 8.5 FEET OF LOT 9 (EXCEPT THE NORTH 23 FEET THEREOF
MEASURED ON THE WEST LINE OF SAID LOT) AND THE EAST 26.5 FEET OF
LOT 10 (EXCEPT THE NORTH 70 FEET THEREOF) IN BLOCK 13 IN BUSSE AND
WILLE'S RESUBDIVSION OF MOUNT PROSPECT IN THE WEST 1/2 OF THE
NORTHWEST 1/4 OF SECTION 12, TOWNSHIP 41 NORTH, RANGE 11, EAST
OF THE THIRD PRINCIPAL MERIDIAN
PERMANENT TAX INDEX NO. 08-12-108-035