HomeMy WebLinkAboutOrd 6777 01/21/2025 Adopting Tax Increment Financing Within The Village Of Mount Prospect South Mount Prospect Tax Increment Financing District Amended Redevelopment Project AreaORDINANCE NO. 6777
AN ORDINANCE ADOPTING TAX INCREMENT
FINANCING WITHIN THE VILLAGE OF MOUNT
PROSPECT SOUTH MOUNT PROSPECT TAX
INCREMENT FINANCING DISTRICT AMENDED
REDEVELOPMENT PROJECT AREA
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, on May 3, 2022„ the Village Board passed Ordinance Nos. 6625,
6626, and 6627, approving a redevelopment plan and project ("TIF Plan"), designating a
redevelopment project area ("Redevelopment Project Area"), and adopting tax
increment financing for the South Mount Prospect Tax Increment Financing District
(11SMP TIF`% all pursuant to the Tax Increment Allocation Redevelopment Act, 65 ILCS
5/11-74A-1 et sect. (the "TIF Act1j; and
WHEREAS, the Redevelopment Project Area is legally described in Exhibit A
attached hereto and made part hereof; and
WHEREAS, the Village, pursuant to Section 5(c) of the TIF Act, is authorized to
add additional parcels of property to the Redevelopment Project Area after giving notice,
convening a joint review board, and conducting a public hearing; and
WHEREAS, the Village is considering additions to the Redevelopment Project
Area by adding three expansion areas, resulting in the Redevelopment Project Area
having the boundaries legally described and depicted in Exhibits B and C, respectively,
attached hereto and made a part hereof ("Amended Redevelopment Project Area");
and
WHEREAS, the Village authorized SB Friedman Development Advisors, LLC to
prepare amendments to the TIF Plan to add the expansion areas to the Redevelopment
Project Area ("Amended TIF P'lan'k; and
WHEREAS, the Amended TIF Plan has been on file and available at Village Hall
since October 4, 2024; and
WHEREAS, pursuant to the TIF Act, the Village President and Board of Trustees
convened a meeting of the SMP TIF Joint Review Board on December 2, 2024, and
WHEREAS, at its meeting on December 2, 2024, the Joint Review Board: (i)
reviewed the public record, planning documents, and proposed ordinances approving the
Amended Redevelopment Project Area and the Amended TIF Plan, and (ii) approved a
4868-1556-6332, v. 2
resolution recommending approval of the Amended Redevelopment Project Area and
approval of the Amended TIF Plan; and
WHEREAS, pursuant to the TIF Act, the Village President and Board of Trustees
held a public hearing relative to the Amended Redevelopment Project Area and the
Amended TIF Plan on January 7, 2025 ("Public Hearing"), at which hearing the Village
President and Board of Trustees: (i) reviewed the Amended TIF Plan, the Amended
Redevelopment Project Area, and the Joint Review Board resolution; (ii) heard testimony
and received written information concerning the Amended Redevelopment Project Area
and the Amended TIF Plan, and (iii) reviewed other information, documentation, and
studies so as to be generally informed about the conditions of the Amended
Redevelopment Project Area; and
WHEREAS, the Village President and Board of Trustees have reviewed the
information concerning the factors presented at the Public Hearing and are generally
informed of the conditions in the Amended Redevelopment Project Area that cause the
Amended Redevelopment Project Area to be a "blighted area" in part and a "conservation
area" in part as defined in the TIF Act; and
WHEREAS, the Village President and Board of Trustees desire to confirm the
adoption of tax increment financing within the Amended Redevelopment Project Area
pursuant to the TIF Act; and
WHEREAS, the Village President and Board of Trustees have approved the
Amended TIF Plan and designated the Amended 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 in connection therewith;
NOW, THEREFORE, BE IT ORDAINED by the Village President and Board of
Trustees of the Village of Mount Prospect, Cook County, Illinois, in the exercise of its
home rule powers, as follows:
SECTION 1: RECITALS. The foregoing recitals are incorporated into, and made
a part of, this Ordinance as findings of the Village Board.
SECTION 2: ADOPTION OF TAX INCREMENT FINANCING. Tax increment
financing is adopted with respect to the SMP TIF and within the Amended Redevelopment
Project Area, with the Amended TIF Plan in relation thereto having been approved and
adopted pursuant to an Ordinance adopted by the Village President and Board of
Trustees on January 21, 2025, and with the Amended Redevelopment Project Area in
relation thereto, described and depicted in Exhibits B and C, respectively, having been
approved, adopted and so designated pursuant to an Ordinance adopted by the Village
President and Board of Trustees on January 21, 2025,
SECTION 3: ALLOCATION OF At 'VALOREM TAXES. Ad valorem taxes arising
from the levies upon taxable real property in the Amended Redevelopment Project Area
K
4868-1556-6332, v. 2
by taxing districts, and tax rates determined in the manner provided in the TIF Act, each
year after the effective date of this Ordinance until redevelopment project costs and all
municipal obligations financing redevelopment project costs have been paid, will be
divided as set forth in the TIF Act, this Ordinance, the ordinances referenced in Section
2 above, and Ordinance Nos. 6625, 6626, and 6627, as amended.
SECTION 4: USE OF ALLOCATED INCREMENTAL TABES. The Village will
obtain and utilize incremental taxes from the Amended 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
Amended TIF Plan.
SECTION 5. AUTHORIZATIION FOR TRANSMITTALS AND OTHER ACTION.
g
The Village President and Board of Trustees authorize and direct the Village Manager to
take any and all other statutorily required steps in connection with the adoption of tax
increment allocation financing, including, without limitation, the transmission of a certified
copy of this Ordinance to the Cook County Clerk.
SECTION 6: CONFLICTS. All ordinances or parts of ordinances in conflict
herewith are, to the extent of such conflict, repealed.
SECTION 7: SEVERABILITY. If any provision of this Ordinance or part thereof is
held invalid by a court of competent jurisdiction, the remaining provisions of this
Ordinance will remain in full force and effect, and will be interpreted, applied, and enforced
so as to achieve, as near as may be, the purpose and intent of this Ordinance to the
greatest extent permitted by applicable law.
SECTION 8: EFFECTIVE DATE. This Ordinance will be in full force and effect
from and after its passage and approval according to law.
AYES: Dante, Filippone, Gens, Grossi, Matuszak, Saccotelli
NAYS: None
ABSENT: None
PASSED and APPROVED this 21St day of January 2025
ATT ST:
Daren M. Agoran s
Village Clerk
3
4868-1556-6332, v. 2
Paul Wm. Hoefe
Mayor
EXHIBIT A
s w . ,, - ,,
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
SAID DENNES RESUBDIVISION 1110.85 FEET TO THE SOUTHWEST CORNER OF
4
4868-1556-6332, v. 2
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; THENCENORTHERLY 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;
5
4868-1556-6332, v. 2
THENCE NORTHEASTERLY ALONG SAID SOUTHERLY LINE TO A BEND POINT;
THENCE CONTINUING EAST ALONG SAID SOUTHERLY LINE TO THE EAST LINE
OF SAID SOUTHEAST QUARTER OF SECTION 14; THENCE SOUTHERLY ALONG
SAID EAST LINE TO THE PLACE OF BEGINNING.
4868-1556-6332, v. 2
EXHIBIT B
PARCEL 1:
THOSE PARTS OF SECTIONS 14, 22, 23, 24 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 EAST ALONG THE NORTH LINE OF LOT 4 IN LINNEMAN'S DIVISION OF
PART OF SAID NORTHEAST QUARTER OF SECTION 23, A DISTANCE OF 822 FEET,
MORE OR LESS, TO SAID EAST LINE OF THE NORTHEAST QUARTER OF SECTION
23; THENCE SOUTH ALONG SAID EAST LINE TO A POINT 803.01 FEET SOUTH OF
SAID NORTHEAST CORNER OF THE NORTHEAST QUARTER OF SECTION 23;
THENCE EAST 50 FEET; THENCE SOUTH ALONG A LINE 50 FEET EAST OF AND
PARALLEL WITH SAID EAST LINE OF THE NORTHEAST QUARTER 1635 FEET,
MORE OR LESS, TO THE EASTERLY EXTENSION OF THE NORTH LINE OF LOT 1
IN SHELL OIL COMPANY RESUBDIVISION PER DOCUMENT NUMBER 87339994;
THENCE WESTERLY ALONG SAID EASTERLY EXTENSION AND NORTH LINE 290
FEET, MORE OR LESS, TO THE NORTHWEST CORNER OF SAID LOT 1; THENCE
SOUTH ALONG THE WEST LINE OF SAID LOT 1, A DISTANCE OF 200 FEET TO THE
NORTH LINE OF ALGONQUIN ROAD; THENCE EAST ALONG SAID NORTH LINE
AND EASTERLY EXTENSION THEREOF 290 FEET, MORE OR LESS, TO THE
NORTHERLY EXTENSION OF A LINE BEING 50 FEET EASTERLY OF AND
PARALLEL WITH THE EAST LINE OF THE SOUTHEAST QUARTER OF SAID
SECTION 23; THENCE SOUTH ALONG SAID EXTENSION AND PARALLEL LINE 1660
FEET, MORE OR LESS, TO THE EASTERLY EXTENSION OF THE SOUTH LINE OF
MIDWAY DRIVE; THENCE WEST ALONG SAID EASTERLY EXTENSION AND SOUTH
LINE THEREOF 515 FEET, MORE OR LESS, TO THE NORTHWEST CORNER OF LOT
1 IN NORTHWAY INVESTMENT SUBDIVISION PER DOCUMENT NUMBER T2902421;
THENCE SOUTH ALONG THE WEST LINE OF SAID LOT 1, A DISTANCE OF 192
FEET, MORE OR LESS, TO THE SOUTHEAST CORNER OF LOT 1 IN VAVRUS
SUBDIVISION PER DOCUMENT NUMBER T3194655; THENCE WEST ALONG THE
SOUTH LINE OF SAID LOT 1, A DISTANCE OF 466.35 FEET TO THE SOUTHWEST
CORNER OF SAID LOT 1; THENCE NORTH ALONG THE WEST LINE OF SAID LOT
II
4868-1556-6332, v. 2
1, A DISTANCE OF 480 FEET TO THE SOUTH LINE OF LOT 8 IN ELMHURST-
ALGONQUIN INDUSTRIAL PARK -UNIT NUMBER 2 SUBDIVISION PER DOCUMENT
NUMBER 20409121; THENCE WEST ALONG SAID SOUTH LINE 17 FEET, MORE OR
LESS, TO THE SOUTHWEST CORNER OF SAID LOT 8; THENCE NORTH ALONG
THE WEST LINE OF SAID LOT 8, A DISTANCE OF 354 FEET, MORE OR LESS, TO
THE SOUTH LINE OF CARBOY ROAD; THENCE WEST ALONG SAID SOUTH LINE
146 FEET TO THE NORTHEAST CORNER OF LOT 10 IN SAID ELMHURST-
ALGONQUIN INDUSTRIAL PARK -UNIT NUMBER 2 SUBDIVISION; THENCE SOUTH
ALONG THE EAST LINE OF SAID LOT 10, A DISTANCE OF 354 FEET TO THE
SOUTHEAST CORNER OF SAID LOT 10; THENCE WEST ALONG THE SOUTH LINE
OF SAID LOT 10 AND WESTERLY EXTENSION THEREOF 236 FEET TO THE
SOUTHERLY EXTENSION OF THE EAST LINE OF LOT 1 IN DENNES
RESUBDIVISION PER DOCUMENT NUMBER 25198789; THENCE NORTH ALONG
SAID SOUTHERLY EXTENSION AND EAST LINE THEREOF 510 FEET, MORE OR
LESS, TO THE NORTHEAST CORNER OF SAID LOT 1; THENCE WEST ALONG THE
NORTH LINE OF SAID LOT 1, A DISTANCE OF 338 FEET, MORE OR LESS, TO THE
NORTHWEST CORNER OF SAID LOT 1; THENCE SOUTHERLY ALONG THE WEST
LINE OF SAID DENNES RESUBDIVISION 1110.85 FEET TO THE SOUTHWEST
CORNER OF LOT 2 IN SAID DENNES SUBDIVISION; THENCE EASTERLY ALONG
THE SOUTH LINE OF SAID LOT 2, A DISTANCE OF 339.52 FEET TO THE EAST LINE
OF THE WEST HALF OF THE SOUTHEAST QUARTER OF SAID SECTION 23;
THENCE SOUTHERLY ALONG SAID EAST LINE OF THE WEST HALF 695 FEET,
MORE OR LESS, TO THE NORTH LINE OF OAKTON STREET; THENCE EAST
ALONG SAID NORTH LINE 653 FEET, MORE OR LESS, TO THE NORTHERLY
EXTENSION OF THE EAST LINE OF THE WEST 653.3 FEET OF THE NORTH HALF
OF THE NORTHEAST QUARTER OF THE NORTHEAST QUARTER OF SAID
SECTION 26; THENCE SOUTH ALONG SAID EXTENSION AND EAST LINE THEREOF
710 FEET, MORE OR LESS, TO THE SOUTH LINE OF SAID NORTH HALF OF THE
NORTHEAST QUARTER OF THE NORTHEAST QUARTER; THENCE WEST ALONG
SAID SOUTH LINE 653 FEET, MORE OR LESS, TO THE EAST LINE OF LOT 22 IN
HIGGINS INDUSTRIAL PARK UNIT THREE SUBDIVISION PER DOCUMENT NUMBER
20022477; THENCE SOUTH ALONG SAID EAST LINE TO THE SOUTHEAST CORNER
OF SAID LOT 22; THENCE THE FOLLOWING (2) COURSES ALONG THE
SOUTHERLY LINE OF SAID LOT 22; (1) THENCE WESTERLY 272.78 FEET TO A
BEND POINT; (2) THENCE NORTHWESTERLY 40.29 FEET TO A POINT ON A CURVE
ON THE SOUTHERLY LINE OF WEILER ROAD; THENCE THE FOLLOWING 2
COURSES ALONG SAID SOUTHERLY LINE; (1) THENCE SOUTHWESTERLY ALONG
THE ARC OF A CURVE CONCAVE NORTHERLY, HAVING A RADIUS OF 91.0 FEET
FOR AN ARC LENGTH OF 71.47 FEET; (2) THENCE WESTERLY 155.85 FEET TO
THE EASTERLY LINE OF LOT 11 IN HIGGINS INDUSTRIAL PARK UNIT 2 PER
DOCUMENT NUMBER 20022478; THENCE SOUTHEASTERLY ALONG SAID
EASTERLY LINE 392.22 FEET TO THE NORTHERLY LINE OF THE 1-90 TOLL ROAD;
THENCE NORTHWESTERLY ALONG SAID NORTHERLY LINE 2,760 FEET, MORE
E:
4868-1556-6332, v. 2
OR LESS, TO THE NORTH LINE OF OAKTON STREET; THENCE EASTERLY ALONG
SAID NORTH LINE 1,090 FEET, MORE OR LESS, TO THE EAST LINE OF LOT 2 IN
GARLAND C. RICHARDSON'S SUBDIVISION PER DOCUMENT NUMBER 16662336;
THENCE NORTHERLY ALONG SAID EAST LINE 620.7 FEET 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 1,810 FEET, MORE OR LESS, 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 3,100 FEET, MORE OR
LESS, 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 350 FEET, MORE OR
LESS, 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 2,960 FEET, MORE OR LESS, 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 NORTHERLY LINE OF THE
COMMONWEALTH EDISON'S RIGHT-OF-WAY; THENCE NORTHEASTERLY ALONG
SAID NORTHERLY LINE TO A BEND POINT; THENCE CONTINUING EAST ALONG
9
4868-1556-6332, v. 2
SAID NORTHERLY LINE TO THE EAST LINE OF SAID SOUTHEAST QUARTER OF
SECTION 14; THENCE SOUTHERLY ALONG SAID EAST LINE TO THE PLACE OF
BEGINNING.
EXCEPTING THEREFROM THE FOLLOWING SIX (6) DESCRIBED PROPERTIES:
LOT 1 IN LAKE CENTER PLAZA NO. 3, A SUBDIVISION OF LOTS 3 TO 7 IN LAKE
CENTER PLAZA, A RESUBDIVISION OF PART OF LOT 4 IN LINNEMAN'S DIVISION
AND OF LOT 2 IN LAKE CENTER PLAZA RESUBDIVISION 2 IN THE EAST HALF OF
THE NORTHEAST QUARTER OF SECTION 23, TOWNSHIP 41 NORTH, RANGE 11
EAST OF THE THIRD PRINCIPAL MERIDIAN ACCORDING TO THE PLAT OF
RESUBDIVISION RECORDED JULY 16, 2009 AS DOCUMENT 0819145106, IN COOK
COUNTY, ILLINOIS.
TOGETHER WITH:
LOTS 1 AND 2 IN LAKE CENTER PLAZA RESUBDIVISION NO. 4, BEING A
RESUBDIVISION OF LOTS 8, 9, 10 AND 11 IN LAKE CENTER PLAZA, A
RESUBDIVISION NORTHEAST QUARTER OF SECTION 23, TOWNSHIP 41 NORTH,
RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN ACCORDING TO THE PLAT
THEREOF RECORDED MARCH 20, 2018 AS DOCUMENT NO. 1807906120, IN COOK
COUNTY, ILLINOIS.
TOGETHER WITH:
LOT 1 IN LAKE CENTER PLAZA RESUBDIVISION NO. 2, OF PART OF THE
NORTHEAST QUARTER OF SECTION 23, TOWNSHIP 41 NORTH, RANGE 11 EAST
OF THE THIRD PRINCIPAL MERIDIAN, ACCORDING TO THE PLAT THEREOF
RECORDED JULY 1, 1991, AS DOCUMENT NUMBER 91321871, IN COOK COUNTY,
ILLINOIS.
TOGETHER WITH:
LOT 13 IN LAKE CENTER PLAZA, BEING A SUBDIVISION OF PART OF LOT 4 IN
LINNEMAN'S DIVISION OF THE SOUTH 3/ OF THE EAST HALF OF THE NORTHEAST
QUARTER AND THE WEST HALF OF THE NORTHEAST QUARTER OF SECTION 23,
TOWNSHIP 41 NORTH, RANGE 11, EAST OF THE THIRD PRINCIPAL MERIDIAN,
AND OF THE SOUTH 477.78 FEET OF THE WEST HALF OF THE SOUTHEAST
QUARTER OF SECTION 14, TOWNSHIP 41 NORTH, RANGE 11, EAST OF THE THIRD
PRINCIPAL MERIDIAN, ACCORDING TO THE PLAT THEREOF RECORDED JULY 1,
1988 AS DOCUMENT NUMBER 88291118, IN COOK COUNTY, ILLINOIS.
TOGETHER WITH:
THAT PART OF WALL STREET LYING NORTH OF THE NORTH LINE OF ALGONQUIN
ROAD AND SOUTH OF THE WESTERLY EXTENSION OF THE SOUTH LINE OF
LASALLE STREET, ALL IN THE EAST HALF OF THE NORTHEAST QUARTER OF
10
4868-1556-6332, v. 2
SECTION 23, TOWNSHIP 41 NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL
MERIDIAN, IN COOK COUNTY, ILLINOIS.
TOGETHER WITH:
LOT 1 (EXCEPT THE WEST 130.0 FEET OF LOT 1) IN J.T.BUILDER'S FIRST
INDUSTRIAL SUBDIVISION IN PART OF THE SOUTHWEST QUARTER OF SECTION
23, TOWNSHIP 41 NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN,
IN COOK COUNTY, ILLINOIS.
PARCEL 2:
THOSE PARTS OF SECTIONS 14,15 AND 22, ALL IN TOWNSHIP 41 NORTH, RANGE
8 EAST OF THE THIRD PRINCIPAL MERIDIAN, IN COOK COUNTY, ILLINOIS,
DESCRIBED AS FOLLOWS:
BEGINNING AT THE INTERSECTION OF NORTHERLY LINE OF THE 1-90 TOLL ROAD
AND 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 410 FEET, MORE OR
LESS, TO THE SOUTH LINE OF RICHMOND SUBDIVISION PER DOCUMENT
NUMBER 23984749; THENCE WEST ALONG SAID SOUTH LINE 1066 FEET, MORE
OR LESS, TO THE EASTERLY LINE OF COMMONWEALTH EDISON'S RIGHT-OF-
WAY; THENCE NORTH ALONG SAID EASTERLY LINE 920 FEET, MORE OR LESS,
TO THE NORTHWEST CORNER OF MANSARD LANE CONDOMINIUMS
SUBDIVISION PER DOCUMENT NUMBER 23029108; THENCE EAST ALONG THE
NORTH LINE OF SAID MANSARD LANE CONDOMINIUMS SUBDIVISION TO SAID
WEST LINE OF BUSSE ROAD; THENCE NORTH ALONG SAID WEST LINE 160 FEET,
MORE OR LESS, TO THE SOUTH LINE OF HEWITT'S SUBDIVISION PER
DOCUMENT NUMBER 24781151; THENCE WEST ALONG SAID SOUTH LINE 1066
FEET, MORE OR LESS, TO SAID EASTERLY LINE OF COMMONWEALTH EDISON'S
RIGHT-OF-WAY; THENCE NORTH ALONG SAID EASTERLY LINE 1,850 FEET, MORE
OR LESS, TO THE SOUTHERLY LINE OF ALGONQUIN ROAD; THENCE
SOUTHEASTERLY ALONG SAID SOUTHERLY LINE 208 FEET, MORE OR LESS, TO
THE WEST LINE OF LOT 2 IN MARCO POLO'S SUBDIVISION PER DOCUMENT
NUMBER 21485932; THENCE SOUTH ALONG SAID WEST LINE 200 FEET TO THE
SOUTH LINE OF SAID MARCO POLO'S SUBDIVISION; THENCE SOUTHEASTERLY
ALONG SAID SOUTH LINE TO SAID WEST LINE OF BUSSE ROAD; THENCE
NORTHERLY ALONG SAID WEST LINE OF BUSSE ROAD 500 FEET, MORE OR
LESS, TO THE WESTERLY EXTENSION OF THE NORTH LINE OF LOT 1 IN PLAZA
UNITED RESUBDIVISION OF LOT 1 PER DOCUMENT NUMBER 96489523; THENCE
EAST ALONG SAID EXTENSION TO THE EASTERLY LINE OF SAID BUSSE ROAD;
THENCE NORTHERLY ALONG SAID EASTERLY LINE 610 FEET, MORE OR LESS,
11
4868-1556-6332, v. 2
TO THE SOUTHERLY LINE OF COMMONWEALTH EDISON'S RIGHT-OF-WAY;
THENCE NORTHEASTERLY ALONG SAID SOUTHERLY LINE 2,800 FEET, MORE OR
LESS, TO THE WEST LINE OF THE WEST HALF OF THE SOUTHEAST QUARTER OF
SAID SECTION 14; THENCE NORTH ALONG SAID WEST LINE 213 FEET, MORE OR
LESS, TO THE NORTHERLY LINE OF THE COMMONWEALTH EDISON'S RIGHT-OF-
WAY; THENCE SOUTHWESTERLY ALONG SAID NORTHERLY LINE AND
WESTERLY EXTENSION THEREOF 4,000 FEET, MORE OR LESS, TO THE EAST
LINE OF THE WEST HALF OF THE SOUTHEAST QUARTER OF SAID SECTION 15;
THENCE SOUTH ALONG SAID EAST LINE 122 FEET, MORE OR LESS, TO THE
NORTH LINE OF SAID ALGONQUIN ROAD; THENCE NORTHWESTERLY ALONG
SAID NORTH LINE TO THE NORTHERLY EXTENSION OF THE EAST LINE OF
BRIARWOOD DRIVE; THENCE SOUTH ALONG SAID EXTENSION AND WEST LINE
OF BRIARWOOD DRIVE TO THE SOUTH LINE OF SAID SOUTHEAST QUARTER OF
SECTION 15; THENCE EAST ALONG SAID SOUTH LINE TO THE NORTHWEST
CORNER OF THE EAST HALF OF THE NORTHEAST QUARTER OF SAID SECTION
22; THENCE SOUTH ALONG THE WEST LINE OF SAID EAST HALF OF THE
NORTHEAST QUARTER TO THE NORTHWEST CORNER OF THE EAST HALF OF
THE SOUTHEAST QUARTER OF SAID SECTION 22; THENCE SOUTH ALONG THE
WEST LINE OF SAID EAST HALF OF THE SOUTHEAST QUARTER 60 FEET, MORE
OR LESS, TO SAID NORTHERLY LINE OF THE 1-90 TOLL ROAD; THENCE
SOUTHEASTERLY ALONG SAID NORTHERLY LINE TO THE POINT OF BEGINNING.
Parcel Identification Numbers: 0823203035, 0823401005,
0823401023, 0823401007, 0823401019, 0823401045,
0823401050, 0823401013, 0823402010, 0823401037,
0823402016, 0823402015, 0823401011, 0823401022,
0823401016, 0823401038, 0823401046, 0823401036,
0823401008, 0823203040, 0823401048, 0823401014,
0822401059, 0822401066, 0815400042, 0814302009,
0815400085, 0822401060, 0815402011, 0815401004,
0822201009, 0822201008, 0822201007, 0815400068,
0814302006, 0815400050, 0822401065, 0815400019,
0814300005, 0814401011, 0822401061, 0822203041,
0822401017, 0814403010, 0822202004, 0826102016,
0826203003, 0826204009, 0826102035, 0826102026,
0826102038, 0826102049, 0826102048, 0826202005,
0826101006, 0826102051, 0826102044, 0826204008,
0826204012, 0826203006, 0826201008, 0826102043,
0826201006, 0826202001, 0826203008, 0826102029,
0826201009, 0826201004, 0826102039, 0826102042,
0826204011, 0826204003, 0826204007, 0826204001,
0826202002, 0826102046, 0826102019, 0826102025,
0822401019, 0823100012, 0823100018, 0823100020,
0823101014, 0823101015, 0823101016, 0823101017,
12
4868-1556-6332, v. 2
0823401028,
0823401047,
0823203039,
0823203017,
0823401026,
0823401035,
0815402023,
0822203030,
0822401068,
0815402022,
0815400084,
0826203007,
0826204002,
0826201005,
0826202003,
0826203004,
0826203005,
0826200012,
0826102047,
0826102018,
0823100021,
0823101020,
0823401030,
0823203009,
0823203045,
0823401049,
0823401012,
0822203037,
0822201002,
0815402021,
0822203040,
0822401067,
0815400048,
0826201003,
0826102032,
0826204015,
0826202006,
0826102027,
0826102050,
0826203009,
0826201007,
0826203002,
0823101009,
0823101024,
0823101026, 0823101032, 0823101033, 0823101034, 0823101035, 0823101036,
0823101037, 0823101038, 0823101041, 0823101044, 0823101045, 0823101046,
0823101047, 0823101048, 0823101051, 0823101052, 0823101055, 0823101056,
0823101057, 0823101058, 0823101059, 0823101060, 0823101061, 0823101062,
0823101063, 0823101064, 0823102005, 0823102006, 0823102007, 0823102008,
0823102009, 0823102011, 0823200051, 0823200052, 0823202007, 0823202008,
0823202009, 0823202013, 0823202017, 0823202022, 0823202023, 0823202024,
0823202025, 0823202032, 0823202034, 0823202035, 0823202036, 0823202037,
0823202038, 0823202039, 0823202041, 0823202042, 0823202044, 0823202046,
0823202047, 0823202050, 0823300006, 0823300007, 0823300017, 0823300018,
0823300022, 0823300023, 0823300024, 0823300025, 0823300026, 0823300027,
0823300028, 0823300029, 0823300036, 0823300047, 0823300049, 0823300050,
0823300051, 0823300053, 0823300054, 0823300055, 0823300057, 0823300058,
0823301003, 0823301006, 0823301007, 0823301008, 0823301009, 0823400004,
0823400008, 0823400009, 0823400010, 0823400011, 0823400015, 0823400016,
0823400017, 0823400018, 0823400019, 0823400020, 0823400021, 0823400022,
0823401004, 0823401033, 0823300030, 0814401018, 0814401019, 0814403015,
0814403016, 0814403021, 0814403024, 0814403029, 0814403030, 0823201007,
0823201018, 0823201020, 0823201080, 0823201081, 0823201082, 0823201083,
0823201084, and 0823203042
13
4868-1556-6332, v. 2
EXHIBIT C
r
r
i -----------__�
i
NMI 111
, M
a t i
a n i
iI i/ I
L—— — — — — —, — — — —. w ',1', wmmm1-7711 www—,
Original RPA Parcel Expansion Area 1 Parcels
r
.71 i;f Expansion Area Boundary Expansion Area 2 Parcels
Village of Mt. Prospect Expansion Area 3 Parcels
Im,
4868-1556-6332, v. 2
F � ,
\\D
Oakton Street
0.4 Miles
Original RPA Boundary
r —
�— — Expansion Area Boundary
Expansion Area 1 Parcels
15
4868-1556-6332, v. 2
Expansion Area 2 Parcels
Expansion Area 3 Parcels