R-16-14VILLAGE OF DEERFIELD
LAKE AND COOK COUNTIES, ILLINOIS
RESOLUTION NO. R••1f;• 14
A RESOLUTION APPROVING AN INTERGOVERNMENTAL
BOUNDARY CHANGE AND REVENUE SHARING AGREEMENT BETWEEN
THE VILLAGE OF DEEFIELD AND THE VILLAGE OF RIVERWOODS
WHEREAS, the real property commonly known as 780 Saunders Road (the "Subject
Property ") is within the corporate limits of the Village of Deerfield, is currently vacant and
undeveloped, and is zoned for commercial development in the Village of Deerfield, including a
special use for the operation of a restaurant; and,
WHEREAS, the owner of the Subject Property also owns the adjacent real property
commonly known as 2175 Deerfield Road (the "Adjacent Property ") which is within the
corporate limits of the Village of Riverwoods, is zoned for commercial development within the
Village of Riverwoods and is currently developed with a former bank building; and
WHEREAS, the owner of the Subject Property has requested that the Village agree to
deannex the Subject Property from the Village of Deerfield so that the Subject Property may be
annexed to the Village of Riverwoods and developed with a proposed 3,000 square foot
restaurant in accordance with Owner's preliminary plan for development of the Subject Property
and Adjacent Property (the "Development Plan "), which plan is an exhibit to the
Intergovernmental Boundary Change and Revenue Sharing Agreement (the "Agreement ")
between the Village of Deerfield and the Village of Riverwoods attached to this Resolution; and
WHEREAS, the Agreement has been negotiated by and between the Village of Deerfield
and the Village of Riverwoods to provide for exclusion of the Subject Property from the
corporate limits of the Village of Deerfield, the annexation of the Subject Property to the Village
of Riverwoods, the development of the Subject Property in Riverwoods in substantial
conformance to the Development Plan, and the sharing of tax revenues with Deerfield that
Riverwoods will receive from the Subject Property over a term of years so as to equitably
compensate Deerfield and its taxpayers for revenue that Deerfield would otherwise have received
from commercial development of the Subject Property within the Village of Deerfield; and
WHEREAS, Riverwoods and Deerfield are authorized to enter into this Agreement
pursuant to Article VII, Section 10 of the Illinois Constitution of 1970, the Illinois
Intergovernmental Cooperation Act and their authority as home rule units of local government
under the provisions of Article VII, Section 6 of the Illinois Constitution of 1970; and
WHEREAS, the corporate authorities of the Village of Deerfield have determined that it
is in the public interest of Deerfield and its citizens to enter into the Intergovernmental Boundary
Change and Revenue Sharing Agreement between the Village of Deerfield and the Village of
Riverwoods which is attached to and made a part of this Resolution;
NOW, THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF
TRUSTEES OF THE VILLAGE OF DEERFIELD, LAKE AND COOK COUNTIES,
ILLINOIS, in the exercise of its home rule powers, as follows:
SECTION 1: That the President and Board of Trustees of the Village of Deerfield do
hereby authorize and approve the Intergovernmental Boundary Change and Revenue Sharing
Agreement (the "Agreement') between the Village of Deerfield and the Village of Riverwoods, a
copy of which is attached hereto and made a part of this Resolution.
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SECTION 2: That the President and Village Clerk of the Village of Deerfield be and
they are hereby authorized and directed to respectively execute and attest the Agreement in
substantially the form attached hereto for and on behalf of the Village of Deerfield.
SECTION 3: That this Resolution shall be in full force and effect from and after its
passage and approval as provided by law.
PASSED this 1 st day of August 2016.
AYES: Farkas, Jester, Nadler, Seiden, Shapiro, Struthers
NAYS: None
ABSENT: None
ABSTAIN: None
APPROVED this Ist day of August 2016.
ATTEST:
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Vill ge Clerk
Village Presi ent