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HomeMy WebLinkAboutOrd 4072 07/05/1989ORDINANCE NO. 4072 AN ORDINANCE AUTHORIZING THE ACQUISITION OF PROPERTY THROUGH CONDEMNATION OR OTHERWISE FOR THE AMENDED TAX INCREMENT REDEVELOPMENT PROJECT AMD REDEVELOPMENT PLAN PASSED AMD APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES the 5th day of July , 1989 Published in pamphlet form by authority of the corporate authorlties of the Village of Mount Prospect, Illinois, the 6th day of July ~ 1989. /caf ORDINANCE NO. 4072 AN ORDINANCE AUTHORIZING THE ACQUISITION OF PROPERTY THROUGH CONDEMNATION OR OTHERWISE FOR THE AMENDED TAX INCREMENT REDEVELOPMENT PROJECT AND REDEVELOPMENT PLAN WHEREAS, the Board of Trustees of the Village of Mount Prospect, Cook County, Illinois.have heretofore adopted Ordinance No. 4011 entitled "An Ordinance Approving the 'Amended Tax Increment Redevelopment Project and Redevelopment Plan" and Ordinance No. 4012 entitled "An Ordinance Designating the Amended Tax Increment Redevelopment Project Area", both of which are incorporated herein in their entirety; and WHEREAS, the Board of Trustees of the Village of Mount Prospect have determined that the Amended Tax Increment Redevelopment Project and Redevelopment Plan which were the subject of public hearings is in the best interests of the residents of the Village of Mount Prospect and is a public purpose; and WHEREAS, the Village of Mount Prospect is empowered, pursuant to- the Tax Increment Allocation Redevelopment Act, Ill.Rev. Stat. Ch 23, Sec. 11-74-.4-1 et. seq. as amended, of the Illinois Revised Statutes, to acquire by purchase, donation, lease or eminent domain real property within the redevelopment project area; and WHEREAS, the implementation of the aforementioned Amended Tax Increment Redevelopment Project and Redevelopment Plan would attract to the Village of Mount Prospect additional commercial ventures, increase business for commercial ventures currently established within the Village, strengthen the property and non- property tax and income bases, and would provide jobs for Village residents. NOW, THEREFORE, BE IT ORDAINED BY THE 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 ONE: That it is hereby determined that the Amended Tax Increment Redevelopment Project and Redevelopment Plan, previously adopted, be established, maintained, controll%d, managed and operated within the Amended Tax Increment Redevelopment Project Area as described in Ordinance No. 4012 and that said Amended Tax Increment Redevelopment Project and Redevelopment Plan be occupied, improved, used and developed in a manner necessary and convenient for public use. SECTION TWO: That under the authority vested in the corporate authorities of the Village of MOunt Prospect through the statutes of the State of Illinois, it is hereby determined that pursuant to the Amended Tax Increment Redevelopment Project and Redevelopment Plan it is necessary and desireable that the Village shall acquire a fee simple title to and possession of the real property legally described as: Lot 13, except the South 32 feet thereof, in Block 4 in Busse and Wille's Resubdivision in Mount Prospect, in the West 1/2 of Section 12, Township 41 North, Range 11 East of the Third Principal Meridian, according to the Plat recorded March 31, 1906 as Document 3,839,591, in Cook County, Illinois said real property shall hereinafter be referred to as "Subject cquisition Page 2 of 2 Property", which property is within the foregoing Amended Tax Increment Redevelopment Project Area, as amended, and is necessary, required and needed to achieve the objectives of the foregoing Amended Tax Increment Redevelopment Project and Redevelopment Plan and which property lies wholly within the limits of the Village of Mount Prospect. SECTION THREE: That the law offices of Burke and Ryan be and is hereby authorized, empowered and directed to negotiate personally or through its representatives for and on behalf of the Village with the owner or owners of the Subject Property.for the purchase thereof by the Village. SECTION FOUR: That in the event that said law firm or its agents is unable to agree with the owners of the Subject Property as to the compensation to be paid therefor, then fee simple title to and possession of the Subject Property shall be acquired by the Village of Mount Prospect through condemnation and the law offices of Burke and Ryan, as attorneys for the Village, is hereby authorized, empowered and directed to institute proceedings in any court of competent jurisdiction to acquire fee simple title to and possession of said Subject Property for said Village in accordance wi the eminent domain laws of the State of Illinois and the Ordinances of the Village of Mount Prospect. SECTION FIVE: That this Ordinance shall be in full force and effect from and after its passage, approval and publication in pamphlet form as provided by law. AYES: Busse, Corcoran, Floros, Van Geem, Wattenberg NAYS: None ABSENT: Arthur PASSED and APPROVED this ATTEST 5th day of July , 1989. Carol A. Fields Village Clerk