HomeMy WebLinkAboutOrd 5421 03/16/2004
ORDINANCE NO. 5421
AN ORDINANCE AUTHORIZING THE ACQUISITION OF PROPERTY
THROUGH CONDEMNATION OR OTHERWISE IN THE TAX INCREMENT
REDEVELOPMENT PROJECT AREA
Passed and approved by
the President and Board of Trustees
the 16th day of March, 2004
Published in pamphlet form by
authority of the corporate
authorities of the Village of
Mount Prospect, Illinois,
the 1 yth day of March, 2004
ORDINANCE NO.
5421
AN ORDINANCE AUTHORIZING THE ACQUISITION OF
PROPERTY THROUGH CONDEMNATION OR OTHERWISE IN
THE TAX INCREMENT REDEVELOPEMENT PROJECT AREA
WHEREAS, the Village of Mount Prospect, Cook County, Illinois has heretofore
adopted Ordinance Number 3554 adopting the District No.1 Tax Increment
Redevelopment Plan and Redevelopment Project, and Ordinance Number 3555 entitled
"An Ordinance Designating District No.1 Tax Increment Redevelopment Project Area in
the Village of Mount Prospect, Illinois", and Ordinance Number 3556 entitled "An
Ordinance Adopting Tax Increment Financing for the District No.1 Tax Increment
Redevelopment Project in the Village of Mount Prospect, Illinois all of which are
incorporated herein in their entirety.
WHEREAS, the Village of Mount Prospect has determined that the above-mentioned
Tax Increment Redevelopment Plan and Redevelopment Project which were the subject
matter of the 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 Real Property
Tax Increment Allocation Redevelopment Act, PISI 79-1525, appearing as Section 11-
74.4-1 et. seq., of Chapter 65, Illinois Compiled Statutes 2003, (hereinafter the "Act") to
acquire by purchase, donation, lease or eminent domain real property within the
redevelopment proj ect area; and
WHEREAS, the implementation of the aforementioned Tax Increment Redevelopment
Plan and Project 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 the Village residents.
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD
OF TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COUNTY OF
COOK, STATE OF ILLINOIS, as follows:
SECTION 1: That it is hereby determined that the 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 Number 1 Tax Increment Redevelopment Project
Area as described in Ordinance Nos. 3554, 3555 and 3556 and that said Tax Increment
Redevelopment Plan and Redevelopment Project be occupied, improved, used and
developed in a manner necessary 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 home rule
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power and ordinances of the Village, it is hereby determined that pursuant to the Tax
Increment Redevelopment Plan and Redevelopment Project it is necessary and desirable
that the Village shall acquire title to and possession of certain real property commonly
known as 7 South Emerson, Mount Prospect, Illinois, Permanent Index 08-12-104-021,
and legally described in the Exhibit which is attached hereto and made a part hereof and
hereinafter referred to as the "Subject Property", which property is within the foregoing
Tax Increment Redevelopment Project Area and is necessary, required and needed to
achieve the objectives of the foregoing Tax Increment Redevelopment Plan and
Redevelopment Project, and which property lies wholly within the limits of the Village of
Mount Prospect.
SECTION 3: That the Village Attorney or such other persons as he may
designate are 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 Village Attorney or his designee are
unable to agree with the owner or owners of said real property as to the compensation
thereof, then title to an possession of the Subject Property shall be acquired by the
Village of Mount Prospect through condemnation, and authorization is hereby given to
institute proceedings in any court of competent jurisdiction 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 pamphlet form as provided by law.
Passed by the Board of Trustees of the Village of Mount Prospect, Illinois and
approved by the President thereof this 16th day of March 2004.
Ayes: Corcoran, Hoefert, Lohrstorfer, Skowron, Wilks, Zadel
Nays: None
Absent: None
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