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HomeMy WebLinkAboutOrd 3754 03/03/1987ORDINANCE NO. 3754 AN ORDINANCE AUTHORIZING THE AQUISITION OF PROPERTY THROUGH CONDEMNATION OR OTHERWISE FOR THE DISTRICT NO. 1 TAX INCREMENT RE- DEVELOPMENT PLAN AND REDEVELOPMENT PROJECT PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES THE 3rd DAY OF March , 1987. Published in pamphlet form by authority of the corporate authorities of the Village of Mount Prospect, Illinois, the 4th day of March , 1987. ORDINANCE NO. 3754 AN ORDINANCE AUTHORIZING THE ACQUISITION OF PROPERTY THROUGH CONDEPSNATION OR OTHERWISE FOR THE DISTRICT NO. 1 TAX INCREMENT REDEVELOPMENT PLAN AND REDEVELOPMENT PROJECT WHEREAS, the President and Board of Trustees of the Village of Mount Prospect, Cook County, Illinois, have heretofore adopted Ordinance No. 3554 entitled AN ORDINANCE APPROVING THE TAX INCREMENT REDEVELOPMENT PLAN AND REDEVELOPMENT PROJECT FOR THE DISTRICT NO. 1 REDEVELOPMENT PROJECT AREA IN THE VILLAGE OF MOUNT PROSPECT, ILLINOIS, and Ordinance No. 3555 entitled AN ORDINANCE DESIGNATING DISTRICT NO. 1 TAX INCREMENT REDEVELOPMENT PROJECT AREA IN THE VILLAGE OF MOUNT PROSPECT, ILLINOIS, both of which are incorporated herein in their entirety; and WHEREAS, the p~eSident and Board of Trustees of the Village of Mount Prospect have determined that the District No. 1 Tax Increment Redevelopment Plan and Redevelopment Project which were the subject matter of the public hearings is in the best interests of the resi- dents of the Village of Mount Prospect and is a public purpose; and WHEREAS, the Village of Mount Prospect is empowered, pursuant to the Real Property Tax Increment Allocation Redevelopment Act, P.A. 79-1525, appearing as Section 11-74.4-1 et seq., of Chapter 24, Ill. Rev. Stat., 1979 and amended by P.A. 84-1417 and P.A. 84-1418 (here- inafter the "Act") to acquire by purchase, donation, lease or emi- nent domain real property within the redevelopment project area; and WHEREAS, the implementation of the aforementioned DISTRICT NO. 1 TAX INCREMENT REDEVELOPMENT PLAN AND REDEVELOPMENT PROJECT would attract to the Village of Mount Prospect additional commerical ven- tures, increase business for commercial ventures currently establish- ed within the Village, strengthen the property and non-property tax and income bases, and would provide jobs for the Village residents. NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS, as follows: SECTION 1: That it is hereby determined that the DISTRICT NO. 1 TAX INCREMENT REDEVELOPMENT PLAN AND REDEVELOPMENT PROJECT previously adopted be established, maintained, controlled, managed and operated within the corporate limits of the Village of Mount Prospect within the DISTRICT NO. 1 TAX INCREMENT REDEVELOPMENT PROJECT AREA as described in Ordinance No. 3554 and that said DIS- TRICT NO. 1 TAX INCREMENT REDEVELOPMENT PLAN AND REDEVELOPMENT PROJECT be occupied, improved, used and developed in a manner nec- essary and convenient for public use. SECTION 2: That under the authority vested in the corporate authorities of the Village of Mount Prospect through the statutes of the State of Illinois and the ordinances of the Village, it is hereby determined that pursuant to the DISTRICT NO. 1 TAX INCREMENT REDEVELOPMENT PLAN AND REDEVELOPMENT PROJECT it is necessary and desirable that the Village shall acquire title to and possession of the real property legally described in EXhibit A which is attach- ed hereto and made a part hereof and hereinafter referred to as the "Subject Property", which property is within the foregoing DISTRICT NO. 1 TAX INCREMENT REDEVELOPMENT PROJECT AREA and is nec- essary, required and needed to achieve the objectives of the fore- going DISTRICT NO. 1 TAX INCREMENT REDEVELOPMENT PLAN AND REDEVEL- OPMENT PROJECT, and Which property lies wholly within the limits of the Village of Mount Prospect. SECTION 3: That the law firm of Burke and Ryan be and it is hereby authorized, empowered and directed to negotiate personally or through its representatives for and on behalf of said Village with the owner or owners of the Subject Property for the purchase and acquisition thereof by said Village. SECTION 4: That in the event the said law firm or its agents are unable to agree with the owner or owners of said real property as to the compensation therefor, then title to and possession of the Subject Property shall be acquired by the Village of Mount Prospect through condemnation, and the law firm of Burke and Ryan, s attorneys for the Village, is hereby authorized, empowered and directed to institute proceedings in any court of competent juris- diction to acquire title to and possession of the Subject Property for the Village in accordance with the Act, the eminent domain laws of the State of Illinois and the ordinances of the Village of Mount Prospect. SECTION 5: That this Ordinance shall be in full force and effect from and after its passage, approval and publication in pam- phlet form as provided by law. AYES: Arthur, Farley, Van Geem, Wattenberg NAYS: None ABSENTFloros, Murauskis PASSED AND APPROVED this 3rd __ day of March , 1987 ATTEST: Village Clerk Village/President EXHIBIT A The North 82 feet of the West 1/2 of Block 9 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, in Cook County, Illinois. ALSO: The South 92 feet of the North 174 feet of the West 1/2 of Block 9 in Busse and Wille's Resubdivision in Mount Prospect in the West 1/2 of Section 12, Township 41, Range 11 East of the Third Principal Meridian, in Cook County, Illinois. ALSO: The West 1/2 of Block 9 (except the North 174 feet thereof) in Busse and Wille's Resubdivision in Mount Prospect in Section 12, Township 41 North, Range 11 East of the Third Principal Meridian, in Cook County, Illinois. ALSO: The East 1/2 of Block 9, except that part described as follows: Commencing at the point of intersection of the East line of Block 9 extended South to the Southwesterly line of Block 9 extended Southeasterly; thence Northwesterly along said extension and along the Southwesterly line of Block 9 a distance of 169.0 feet; thence Northeasterly at right angles to the Southwesterly line of Block 9 a distance of 120.0 feet; thence East a distance of 81.84 feet to a point on the East line of Block 9 which is 198.43 feet North of the point of intersection aforesaid; thence South along the East line of Block 9 and its extension South 198.43 feet to the point of beginning (excepting from said tract that part which has been heretofore dedicated for street purposes) all 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, in Cook County, Illinois.