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This area has not been subject to growth and development by private enterprise. The Village Board believes that this area should be eligible for redevelopment with tax increment financing.' within the development schedule established with District #1. In order to help achieve the goals and objectives for revitalization of the Central Business District, this area is made a part of TIF District #1, The properties in this area are physically and functionally related to other properties within the redevelopment project area and will be substantially benefited by the Plan Amendment. Based upon surveys, inspections and analyses of the area, Block 102, one block west of Main to Wille, south of Central Road, qualifies as a "conservation area". More than 50 percent of the structures (67%) are 35 years of age or older. In addition, of the fourteen conservation factors listed in the Act,, nine are present in the block --six to a major extent and three to a limited extent. A complete analyses of the qualifying factors is found in the memorandum "Downtown Redevelopment Project Eligibility Summary" prepared by Trkla, Pettigrew, Allen and Payne, dated October 19, 1988, Aya 4uaoea 4som popusmy IZ elqel 44TM PODeTdoa ST (Arch) uoTd4len,[eA possessy POZTlenba 9 a 0 W909H WON Z 'CQ 'l *006JTZ0'ZTt AT941RMTxoadde qie 0 PO-4RMT498 ST veav 4osCoad -4umsdoT9,&9p9u sqj uzg4TM A42adoad TVOI ;o anT,eA pOssssse POZTTenbe eq4 'Looz xesA 944 As -00018wa AT94vmTxoaddv 4e PqiMT .489 ST Psay 400load 4u9mdOT9A8P8H Oq4 uTR4TA A4aodoad Tv9a ;0 UOT4vnTv,& P88SSS92 pa TTenbe sq -4 "P68sssge ATTnj pule P;948Tdmoo "eq T"ETA -4u9mdOT8A9P 8'41wrad pia-4edTOT-4U2 sq:t TTV 4RM'4 P942MT'4SO ST alesA AS I # 9 a 4T U9q#' C66 -E 9Z zovd s4soo 4uemdOTOAOPOH P942=4Sa POPUSMY Z a OTqvl q4TA P93VTd9a sT l4soa 4uemdOTOASPOE P842MT4sa T OTqel i -4STZOTJ ST V P91Y 496221 UT UOT-42ULTSOP assng apnTOuT 04 POTJTPOm 0 6 0 SOTA-las IleTOIDUMOD 94-4 JOSTY' *dvjj esfl-puel popuemy eq4 uo U0T4VOTJTsSRTO OOTAJOS TRT029ulmOD Sq4 04 P8PPV 9T 'T# 4usmPuOMY jo -4c4Ccjns sq4 "4TTTf4 04 UTle)j jo 4SOA 310OTq st;o A4aadoad sus g or '94TS 4u9mdOT8A6P9a STq4 UO SOMOqUA04 TS JO UOT4DrU4SUOO Sq4 408T3O2 04 'TVT4uOPTs9a AiTsusP-AOT AOqS 04 POSiAO2 ST UVTd Oga-PUVcj POPuOMY 944 JO V VOaY 49baVI JO UOT4VU�TsOP T6T4u9PTS9H/80TJJO 9Sn-p9XTjj Oql a a I a 0 8T HOW urld asn-pueq POPUSMY C 4TqTqxa g4TM POOVTdoz ST 0 'Ueld Osfl-Puled C 4TqT4xa 9 T Royd meaboad quamdOTaA9a PaPUSMV Z 4TqTqxa g4TM PsDvTdax BT -'mleaboad 4usmdOTiBAa(3 Z '4TqTttx3 *I zvvd E abled T JsqmnX WswPusmV Py=* Page 4 as amended- xina ....... . .. an!l g,c_hedUJ,JM__..2f 2 gy to 'include the following statements: 11,1151 _. Exhibit 4 Redevelopment Target Areas, is replaced with Exhibit 4 Amended Redevelopment Target Areas. The Amendment area is Target Area F. District #1. PAGE 3 0 Target Area 1F of the Redevelopment Project will include redevelopment activity within Block 102, It is anticipated that Northwest Electric Company will undertake an approximate 15,000 square foot addition to their property in this block. Other redevelopment in this block would include a new multi -story retail/office building with adequate off-street parking, of approximately 35,000 at the southwest corner of Central Road and Main Street. Target Area 1F expenditures exclusive of financing costs,, are estimated at $1..456,,000. Proceeds from the sale of land for redevelopment are estimated at $539,000 leaving a net project cost for the Target Area of $917,000 (from Table 1. upper range of Redevelopment Project Costs),, a4l SUOTP 'la93 00-169 Alaiemixoadde go aouvisip e 'AlaaqlnoS aOU941 !ZZ61 III Ajenjqaa papjooei 6loadsoij junoW ol uoiilppv ujalse3 s assnq JO 8 )1:)OTg JO UOISIAlpqnS aqI :1 orl j 0 a 0 a go S jaujoo lsamqlnoS aqj qaim uoTioasjawi go luio,d e oI ':la93 OZ,,L9S 0 ATalemixoadde go aoueisip e IanUaAV' U 9 aJ'S'a a A a go Aem-go-:jq2Tj ujaqjjoN aq3 2uole ATaalseg aouaq3 !anUaAV Ua9J2J9A3 JO AeM -jo-3q,2,ta uaaqlaoN aqj gill 'papuaixa 'iaaaiS mT3 go au'Tjaluao g aqj go uolloasaalui go juiod aqj of 'laaJ 00-061 ATaletUjxojdde o v & 0 aouelsip e Iaaj,S mTR go auiTialuao pies 2uole ATjaqlnoS aouaqi I:lqaj:)S6 MIa JO allTTJalUaO 941 UO JUTod e of 43aaJ 01-061 Alaletu es go auTT Aliadoad ujaqlaotq - T xoadde go aoue I s i p e 91 IOrT P.; atAl '2uole Alia:lSea aOUaq:l 'UOTSIATpqnsa-8 s alITM pue ;assnq # STAT a a Ul 11 4001q go V 101 go UOISTAlpqnS s,assnq go 9T aol go jaujoo :3samqlaoN qqj 4ITM 8 jol pies go jaujoo jseaqjnoS aqj go UOTJOaS -jalui aq:l Ie -luTod e of '19aj 9Z'Ioi7 AlaleMTxoadde go aoue:lsilp e Iloadsoad junoW ui UOISTAlp,qnsa)l s,all IM pue assnq go 11 Aoolq g v a - - o 8 qSnojql I slol go sauT .1 Aliadoad ujalsea aqi 2uole AljaqlnoS aouaqj !joadsoja junoW UT UOTSTAlpqnse-a s,al,lim pue assng, go IT loolS ul I jol go auil �jjaaoj-d-ujajse3 aqj, 4*11'M UOTJOaS39JUT JO JUTod e . of Ilaag ZI-EZZ Alalemixoadde go a:),ue:jsip e ;anUaAV 9ssnq m9 & go Ae- o-iq2ij ujaqlnoS aqj §uole AIjajse3 aou'aqj i9nuaAV assnq go Aero- jo-lq2ia ujaqlnoS aqi pue laaalS aldeW go Aem-go-Iq2ij Uja:jSaM aqj JO UOT109SJalUT a4l le JUTod e oi liaa3 99-IZ8 AlaleMTxojdde go aouelsip e IjaajjS aldeW JO AeM-go-142TJ UJajSaM a14:1 2uole AIjaqjjoM aouaq3 !j9ajjS aldeW JO ABM-JO-142TJ UJajSaM a4l 4ITM V 101 pies JO UOTj0aS3a,q'UT go juiod e of 'laag 0I'LSIA193UMTxoadde go aoueIsip, e IV 10"I Pies go allTI AIjadoad uj9t4:j:loN a4l 2uole Alia3sea aouaql !joadsoja junoW go 92elITA 'I aaqtuntq UOTSTAlpqnS aleand a,00 go V 101 go aaUJO0 ISaML4:1.10N aLl-I Ie JUTod e 0:1 101pies JO allTI AIjadoad uaa-asea at4I 2uole j iaag 00' OS Aj9jeMT'xoj,dde JO a0UVISTP e 'Alaaq:lnoS aouaqj 1.81 Iol pies go aauaoo -aseaq:2:toN aqI o:i laaJ 60 -LST AIa:jemtxojdde go a:)ueisip e 0 191 jol pies go auil Aliadoad uaaqlaom aqj 2uole Aliaisea aouaql !Ioadsoad junoW ui UOTSTAlpqnsad s,allTM pue assnq 90 ZT 100TS ul. 91 101 go aaujoo jsamqjjojq aqj le juiod e of 41aaJ 00-LLZ ATalem -Txoadde go aouelsib p e 6199,3IS uos,a,am3 go Xem-30-31421:1 u3alse3 pies 2uole ATla4jnoS aouaqj !jaa,:ijSuosaama go Aum -90-14210.1 uja:lseg aqj q:jjm anUaAV assnq go auiljaaauao, ;Dqi go U0110as -JaJUT go juiod aqi oI "laag IT -LSI Ajajeua�Txoad,de go a:)ueIsip lanUaAV 0 ianUaAV assnq go auiliaivao aqi 2uole AlialsaM aoua4l g assnS JO allTIJajUa0 a4l 01 61aag '7L*809 AlaleMTxojdde o aouvisip e 6c *ON UOISTATpqnsa-d :queS aIeiS Ioadsoij junoW 90 1 lOrl go auil 413adoa8 u'aalsea aqj pue ljoadsoad junoW ut UOISTAlpqn s aa s,allTM pue assnq ui S 400TS Pies 30 ZZ PuR 'IZ IN 6 cl 'ZI S:10,1 go aull Alaadoad uaalse3 aqj Suole AljaqlnoS aoua4l !joadsoja junoW Ul UOISIAlpqnse-a s 91ITM pue assnq UT S 1001g go ZZ lOrl go o 0 JaU300 Isea4 a eMTxojdde JO aOU21STP V a I ON aql 03 1999 ZUOLS A191 0 0 1peo%a lealuaD 30 aullaaluao pies Suole Alialsea aouaql !papuajxa 6peo,d leaquaD go auilaaluao aqj qjjm iEg alno'a stouilli go aleiS 19931S UTeW go allllialuaD aqj go U01109sa'a'Jul aqI le 2UTUU129g mollal"'IdIDS30 IV931 - 1# IDIXISIG V3"av loaf o'Ha INawdolaAgagu INNTON1 XV1 Western property lines of Lots I through 21 of Block 20 of Mount Prospect Subdivision in Section 12-41-11, Recorded September 2, 1874, to a point at the intersection of the Southwestern corner of said Lot 21 with the Northern property line of Lot 1 of Bruce's Resubdivision in Mount Prospect; thence Easterly along The Northern property line of said Lot 1, a distance of approxi- mately 171.00 feet, to the centerline of Owen Street* thence Southerly along said centerline of Owen Street, a distance of approximately 255.48 feet, to the point of the intersection of the centerline of Northwest Highway, State of Illinois Route 14, with the centerline of Owen Street, extended; thence North- westerly along said centerline of Northwest Highway a distance of approximately 2,250 feet to the point of intersection of the centerline of Northwest Highway with the centerline of Main Street,, State of Illinois Route 83, extended,; thence 'Northerly along the centerline of Main Street a distance of approximately 940 feet to the point of beginning, at the intersect ion of the centerlines of Mlain Street and Central Road, extended; all located in the Northwest Quarter (1/4), and the Northeast Quarter (1/4) of Sectlon 12, Township 41 North, Range 11 East of the Third Principal Meridian, located in the Village of Mount Prospect, Elk Grove Township, County of Cook, in the State of Illinois. 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East of an extension Forth of the West line of the aforesaid Wille Street, and lying 'West of an extension Forth of the East line of the aforesaid Main Street, all of the above in Cook County, Illinois. 0 Co1 4r w` wry Z 04 VWAP --h e- t t A .: * 1 raw TJ c 0i2 moom i �NI � K A � MW ` 1III �Yr " s op N. 61LV +N EMERSON r• 40 1 M •� « MAPL wG ro w � � ^" � �► ; 'gyp i* r, �. 4r ak 1 t � � ► + f y w wl old .Is i Nla wtM M �s i4 y w«• �' � A � `� ' wr ! �► f lw w int 71P Now - wow am � rye JV/'1ML f 441, w lopw �. .n I I lid rit Dow , iw `wNwwl !. Mw ww wr hr w LA ., ww� sr W I N�rrr00vWe""Oni Wft or lftboVt AQWUMM me Aawhmw ftojed An* "AdWy �2w�40�w�$w SCALE EAR 2 AMOMM DEMICPMW P*00t�w DOWNTOWN NO. 1 TAX REDEVELOPMENT PROJECT Village of Mount Prospect Trkl a. Pettigrew, Allen & Payne Department of Planning & Zoning buIuaz )► 6usuu01d ;0 }uau4,jada(3 aUXad )? U011Y •M9-J6.Msd`©1M-J1 joads01d junoVj jo a6D I mn moi o3opow Itwo" 4I I f 4 , P q F w� f ff• • f r'f f r 4 f f f M y NM gyp,"' • 0 bo),000, (:^�oA1,0 0 re 00 .000 WIN "Wam �,i,�►Wdairl�►q, wN i% pvvoiod 4NA soom"s —� pmasojwvsompwuloom �nJ�yT 000' LT6 05Z' ££L $ 4900 409coad ION 000' 6£5- O5Z speaaoad aTrs purl T£t- 000'9S'b'T$ 005'%9T'T$ sIs0Z) jDarosd ssoaf) 000'801 000 98 s82Oua5ut4uo:) 0001V5 000'£'6 'ala 'TrbaT 'buTuurTd 0001 GCT 0001801 sivamaAoadmi oTTgnd 000'T8 000'59 uOi4TTomea 000' 8LO' T$ 03 005'' Z98 $ uOT, 4TSTnboV Alaadoad SJNW i# azIum I Q - v"v mSm+C mzw 000'OZ6'£$ 0001£$Z'£$ $ISO 409cosd ION 000198ir''$- 000'0 99 T - sp9900ad aTps purl 000190t$9$ 000' £06' t$ 4SO:) jos Coad SSOj!) 000'90C OOo £�£z s9TDu95uz4uo,D 000'S'b£ 000'99Z '049 'TrbaT 'buTuurTd 0001S0L 00019L5 squemanoadmj OTT+na 000'06£ 000'£tz UOTITTomea 00010990x►$ Ol 00015850£$ uOT4TsTnboV A4asdoad Rolm T# joiviSIQ TAB,LZ 2 BLOCK SUMMARY OF 1983 EQUALIZED ASSESSED VALUATIONS AND PROPERTY TAX RB S" EQUALIZED BLOCK NO" ASSESSED VALUE REAL ESTATE TAXES 103 $ 140,315 $ 11,877.69 104 242,182 20,500.71 108 508,728 43,063.82 109 263,910 22,339.98 110 602,458 50,998.97 115 250,4613 21,201.69 116 435,853 36,894.96 214 411,687 34,849.30 TOTAL* $2,855,596* $241,726.20 * Initial assessed valuation for TIF District #1 was estimated at $2,8550596. The final assessed valuation for District #1 is $2,763,428, certified by the County Clerk of Cook County, Illinois on 12/5/86. NO EQUALIZED BLOCK NO. ASSESSED VALUE RIVAL ESTATE TAXES (1987) 102 (Partial) $716,139* $63,020.23 * This initial EAV of $716,139 is subject to final verification by the County Clerk of Cook County, Illinois. (1987 Tax Rate of $8.800 per $100 EAV) PROJECT TOTAL Certified EAV Real Estate Taxes District #1 $21763,428 District #1 $241,726 Estimated EAV Estimated Takes Amendment Area 716,139 Amendment Area $ 63,020 $3,479,567 $304,746 6wuoZ :V 6uiuuoId ;o ;uaw}.Jodap awCDd 2? uaIIy 'M9.J6i}1ad'oll-Jl joadsoid junoW �o a6ollin 133('06d iN3hdO�3A3(132� XVi l 'ON NMOiNMOG SYMY l"wl umdolmk3m 030mm It WW" *App qP44 4T daaX 04 UOT4U84UT ano ST qj w9aqPqS Pa4TUn 9qq UT quawqaudap 90TTod I TPUOTssagoad PUP 4U9TOTjj9 4SOUI 9114 SPtj 96PIlTA 9qL -SU0TqPPUamUIo0aa OT�zioads IPUOTssajoad SIR TT9M SP SqUaMMOO PUP SUOT4senb TogaTqPTTPAP aq TTTm 9M m4oadsoad qunow 90 95PTTTA 9t14 JO Su9zTA4T0 9t14 aoj qsaq aq ZZTM 4uqm a9PTSUOO PUP 'P9q0P44P 9tT4 uT uaqqTam se uoTqpquesead ano 04 Ua4sTT PaP09 PUP aoAPH atIq pup not qp,qq Xse qt4 *5uT,499m 9TOT4 944 JO 9944TMMOD 886T '6Z aaqMaAON auk. qP UOT4v4u9saad aIjq aXiem ZTTM I pup j;p:JS AK -ajnqonj4s a5PTTTA aq4 uTq4Tm s4uam4jpd9P TTP Aq p94nqTj4uoo U99q OsTP SPLI q0aP9s9J qnq J4u9uiqjpd9p aoTlod aqq uTq4Tm suosaad ;jpqs pup sj9oTj;o AUPM ATUO 4OU JO 4joddns eqq q4Tm P949Tdmoo uaaq spq Apnqs ST41 - SM94T eanqTpuadxe jeqqo pup 'quamdTnbe 'S9T4TTT3P; quejano ano eqppdn 04 P99u P SP TTam SP 4SJP@A Mal qX9U 9114 J9AO T9Uu0saad go aeqmnu 944 BUT.sP9JOUT. 4JP4s 04 P99u 914q 9q TTTm aJ9q4 '99s 04 9XTT PTnom 90T;JO anoA pup PJP09 PUP JOAPIJ @qq qPq4 90TAJ99 0 TBA9T 9q4 UO BUTpuadap 'ATquanbasuoD equamqjpdap Bq4 UO P90PTd spupmap aqq uT aspajouT snonuT4uoo P uaaq spq ajaq4 4Pq4 mOtIs TTTm uoTqPquasajd aqq Jajojqjqqj 490TA19S joj Aouabp aq4 qopquoo o4 buTTTTM aaom amooeq sPq OT.Tqnd atiq UOTqp4ndej s4T P90UPqU9 spq quamqapdap 9T44 SP 4P44 MOXIS OSTP TTTM qI *sJP9A TPJ9A9S .sad aq4 a9AO sispq Tpuoissa;ojd pup 19AT4091;9 'qUaT3T;g8 UP UO bUTqpjado uaaq spq quamqapdBP 90TIod auk. 4vq4 MOqS TTT14 U0TqP4U9s9jd paqopqqp aql 'SP99U Tauuosiad quamlapdap go Apnqs 9ATSUaqUT UP UT P9ATOAUT uaaq spil g;pqs 4uamqjpdap 90T.Tod sTIquom -[I?JaA9S qspd 9T44 J9AO a 88 HSRH3AON ZZ osiva IN3HSSaSSV SGaaN HaMOdNVN INaKIUVdaa aoiaoa :103rans aDIqOd aO aaIHO 'XDOUAVd wM aqVNOE :HOHa 0 HaDVNVX aDVqqIA 'NOXIa NOIqnJ NHOf *OIL WfIONY80W3W 331:1.40113INI 0�- E4, 0,40m*', I WIN siouilli Ij:)ads0.d junoW aoadsojc:j :tunolM jo 86ell!A - 93JO; go asn pup 'SOT40P4 BATSUalap 'suOT.sT.09P buTATIP ADU9bJ9uia axe 9bu9TTPqO TTATO TPTquaqod go spaap aseqq go amoS 0 ('ul9Tqoad A4TTTqPTT P aAPq 4OU Op pup aqpunqjo; AJ9A Uaaq 9APq 9M aMTq UT 4UTOd STqq JO SV) *P9ssaaPPP ATaqPTadojddP 9aP AITTTqP-ET T,eT4ua4od JO SPaju qpqq eansua 04 S4UaPTOUT 94PbT499AUT qsnm oslp mou qnq 4UTodpueqs IPUTUITaD P WOJ; SUOT4PbTqS9AUT tlbnojoq4 qonpuoo 4snm Aluo 4ou squamqapdap aDTTod Puamouaqd STqq JO qTnsaa P sp pup 94Pa bUTmJPTP UP 4P bUTSPaJOUT eap sqTnsmpT A4TTTqPTT 90TTod 'TPJau9b uI OuOT4PTsTb9T Aq PUP suoTsToap qjnoo Aq 80TTod aqq uo PaOPTd squameaTnbaa buTqaodej Pup 9ATqPbTqS9AUT. 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R .L 100 South Wacker Drive Chicago, IL 60606 312/346-6722 *FFICIAL NOTICE OF IMRF AND SOCIAL SECURITY CONTRIBUTION RATES FOR THI CALENDAR YEAR 1989 VILLAGE OF MT PROSPECT DAVID C JEPSON FIN DIR 100 S EMERSON ST MT PROSPECT ILL 60056 Employer SSA Number 69-0333115 The contribution rates on earnings paid by your participating governmental unit to IMRF members and non-members (Social Security coverage only) are shown below. The Illinois Pension Code provides that the employer is responsible for remitting both employer and employee contributions to IMRF along with the related deposit report according to prescribed due dates. Amendments of the Federal Social Security Act require that deposits of employee and employer Social Security taxes be in the same manner and on the same schedule as that of your federal withholding taxes. IMRF CONTRIBUTIONS - DEPOSIT WITH IMRF­ (FORM 3.10) IMRF contributions must be paid on the earnings of all employees working in participating positions. Your employer contribution rate on member earnings is based upon actuarial costs for retirement, death and disability benefits. The actuarial formula is specified in the Illinois Pension Code. Member contributions are specified in the Illinois Pension Code and help to meet the cost of future retirement benefits. Your IMRF contribution rates on all earnings of IMRF members for the calendar year shown above are: Member contributions (employer pickup) k*50 PERCENT Employer contributions 8* 76 PERCENT SOCIAL SECURITY CONTRIBUTIONS - DEPOSIT WITH YOUR BANKING INSTITUTION ALONG WITH FEDERAL WITHHOLDING TAXES (FEDERAL TAX DEPOSIT COUPON - FORM 8109) Your contribution rate on Social Security covered wages is based on the Federal Social Security Law. Social Security contributions must be paid on the covered wages of all your employees, except those working in positions that are excluded from Social Security coverage. Refer to Section 3 of the Authorized Agents Manual for excluded positions. Your Social Security contribution rates on Social Security covered wages (up through the wage base of S 489000000 ) for the calendar year shown above are: Employee contributions ....... . . __, ........ 7 e 5 l PERCENT Employer contributions 7*51 PERCENT Participating governmental units with taxing powers are authorized by the 1111inols Pension Code to levy a special IMRF tax for payment of empi Jj*X"=X*j(*4XXand IMRF contributions. However, this levy may be used only for employer payments. It may not be used for pay menX 1**XA*MftX0jjK Jj,4MXjgXXM*i*00M X and IMRF member contributions. These must be paid out of the same fund as the employee IMRF earnings are paid. Interest charges are assessed on any late payments. Refer to Section 4 of the Authorized Agents Manual for the interest charge schedules. Your cooperation in making timely payments is appreciated. FORM 3.02 (REV 11/86) By Order of the Board of Trustees Illinois Municipal Retirement Fund sNOV 16 19M lu LL, -sjaumo Awadoid TvnpTATPUT uo qopdmi aLli o 'XTTPOljToads ajom `puv joijisTp a-ql go uoisupdxa pasodoid aqq 'Suipjp2aj sujaouoo jTaLJ:J ssnosip ol jaXoanH qjoM *sjW pup -jW ajam sp luasaid sem lailvaql loadsoad junoW aLlI go jaumo goiqnjpW *jW oaq p1nom sdais ixau s,papog qqJ JPRM of SP i-ea-Loun sacs aH - P9:JU-EO IS-Ep spm quawdolaA9paJ Aliadoid pasodoad 9gq qvqq pup oqmiT ui sem PJP09 a2PTTTA age. 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It was BDDRC's and staff's intent for full discussion that prompted the 0 'tation of the affected property owners to the BDDRC meeting so that they could become familiar with the d1*SCUSSLon prior to a more formal public hearing on December 6, Mr. Clements brought the Commission and, guests up to date on the procedure for amending the district. Mr. Marubio, owner of the Prospect Theatre, indicated that he had no problem moving the theatre to another location, were the larger area to be redeveloped. He indicated that he thought a theatre was an amenity that should not be lost to the downtown area. Dennis Reindl asked what will happen to utilities in the area, would they need to be altered? The staff responded any necessary utility changes would be accomplished under the redevelopment plan. The Tax Increment Finance Program permits reconstruction of utilities as an eligible activity under the program. Mr. Norb Huecker stated that the Central Area needs more people residing in and close by the area. If redevelopment was to take place, there needs to be some consideration for building housing units in the area. He pointed out that his service station at the corner of Central and Main is one of only two operating gas stations left in the downtown area. TIF amendment #1 would add approximately $716,000.00 as equalized assessed value, based on 1988 figures and would add an additional two and one-half million dollars of projected equalized assessed value by year 2007. The expanded TIF area 01 would add approximately 20% more to the existing equalized assessed value in TIF #1, bringing the new total to $3,479,428.00 (1988). Irvana Wilks and John Eilering expressed the concern that the Village may be closing off development options of the entire triangle by developing a block at a time in piecemeal fashion. Their concern was also that the factors necessary to qualify for conservation under the TIF state law may not be present and should be carefully examined before any such changes are made to the district, •XT snomi upun passed uinoCpP o-I uo-r:lom aql -,XjC-[aX javq Xq papuooas guosumor jjPS Xq uoTjom & P uO "W*cl C'7:6 2P pauanoCpp svm !?U119am qql imp nor -OJOZ 03 S910A aAlg tuiss-eduoijom aT41 # �� CZa� 3jvq Xq papuooas svm uo-t:tom aqj 912uplij aqj go qsqj aq3 0. a joj Vuioupuid 3uamajouj xpl go asn ajn3nj aqj apnloajd Avm gua�jpj 0 0 JT luoTIOR sTql supId IIPJ9AO UP 10 aouasqv aqj uT 3uamdOT9A9p 90 AITTTqisvaj pup A3TITqixalg ainqng of sa3plai ji sp paiv aqq go asn jsaq aqq 2uTaq Sou se alviadoiddpui si t aoijasia all aq3 oq quampuamp aqq go uoi3dopp 3pq3 uoissimmoo aq3 go snsuasuoo 9q:j SI :1-1 '.IaAaMOH 0 p 0 aSAaJ SP e p L 3uampuamall go sloadsT jvoTuqoaj aqq idopp OSOaq 3pqj 2uiaaTig uqof A2 ap-em SPM U0130M v U0,vaepualmOOD 11 31IGG9 osa3Ts uoilpoolea alqTssod oiui -qooj o3 paAsp spm ggpqs atI3 'p93dnjjaqui ssauisnq Apoq o3nV qoadsoja 9q3,aAPq 04 aour3onTai supmapTs 0 SiN 03 Jamsup ul gaiRl 886L 19Z jaqoqoo - sa3nuiN uoissimmoo auamdoTaAapaH pup 4uamdoTaAaQ 3011 SIG ssauisnq i *AisnomTupun passpd uanoEpp 04 UOT40M 9ql *UOSUqOf TaP3 Aq pap 'XTPT9X 4jps Aq uoT4om P UO *K*d OZ:6 Ze P9u-lnOCPle SPA bu-E-4a9tu ;aTql 7 "Ikl%O VAPkXON I WW19&" IL71 -9ouejejej ain4nj jo; sTaDlvd ;o uoiqTsinbop JO 9Tnpaqb-W-,s eql buT.PJP691 STTE49P 9q4 UO P94TnSUOD 9q TTIM l8bPUPW ebPTTT&tb atil ouosdar 'JK 4ITM 40TJ4STC a -Il 9T44 ;0 9;TT aq4 jo; peqoaf*ojd anTPA Pass9ssP P9ZTTpnbe od ;o SUOT4DB[oid jaqqo qqTm 5uo-p TPT14U94 L .Aopjnoor JOJ P9M9TA8a 9 se PBZTTpnbe uo sainbilr atliL 9q TTTm 9nTPA P99s S .-,+ -uoTssnosTp aaqpT joj iatlqa5oq qnd aq pTnoxls doqs Apog o4nV aqq ;0 UOTqPDOT91 JO; Sa4Ts TPTquaqod jo 4STI V 4PT41 P94Sa56nS SPM qj BUTqaeM qz jaqo400 aq4 oq pe4oaj;p sa9umo Aqaadoad aT44 BUTT a . 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