O-82-33I
ORDINANCE NO. .-Q,-82-33
ORDINANCE DESIGNATING A REDEVELOPMENT PROJECT
AREA AND ADOPTING TAX INCREMENT ALLOCATION
FINANCING IN THE VILLAGE OF DEERFIELD, ILLINOIS
WHEREAS, the Village of Deerfield, Illinois desires to
implement tax increment financing pursuant to the Real Property
Tax Increment Allocation Redevelopment Act, as amended, constitut-
ing Division 74.4 of Article 11 of the Illinois Municipal Code
(hereinafter referred to as the "Act ") for the Redevelopment Plan
and Redevelopment Project approved and adopted pursuant to an
ordinance adopted by the President and Board of Trustees of the
Village on June 7, 1982 and entitled: "Ordinance Approving a Tax
Increment Redevelopment Plan and Redevelopment Project in the
Village of Deerfield, Illinois" (the "Redevelopment Ordinance ").
WHEREAS, it is now necessary to designate the area
referred to in said plan as a Redevelopment Project Area as pro-
vided in the Act and to authorize tax increment allocation financ-
ing with respect to such Redevelopment Project Area.
WHEREAS, the area described in Section 1 of this ordi-
nance constitutes, in the aggregate, more than 1 -1/2 acres and
has been determined to be a "Blighted Area" within the meaning of
Section 11- 74.4 -3(a) of the Act.
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND
BOARD OF TRUSTEES OF THE VILLAGE OF DEERFIELD, ILLINOIS, AS
FOLLOWS:
Section 1. The following described area is hereby
designated as a.Redevelopment Project Area pursuant to Section
11- 74.4 -4 of the Act:
Starting at the Southeast Corner of the.Southwest Quarter of
Section 33; thence Northerly fifty feet; thence westerly
991.82 feet to the point of beginning; thence southeast -
wardly along the westernmost right -of -way line of the Chicago,
Milwaukee, St. Paul and Pacific Railroad 1470 feet; thence
westerly 106 feet to the Northernmost right -of -way line of
the Edens Spur; thence westerly along said right -of -way line
2183 feet; thence Northerly along the easternmost tollway
right -of -way line'of Pfingsten Road 1062 feet, approximately,
to the centerline of Lake -Cook Road; thence westerly 1298
feet along the centerline of Lake -Cook Road; thence Southerly
1073 feet along the western property line of the Northbrook
Gun Club to the Northern right -of -way line of the Edens
Spur; thence Westerly 2786.35 feet to the Westerly right -of-
way line of Huehl Road; thence Northerly along said right -
of -way line 403 feet to the Southeast corner of the property
commonly known as the "Strub Farm "; thence Westerly 1653.77
feet to the Southwest corner of said "Strub Farm ", thence
Northerly along the property line. of "Strub Farm" 731.74
feet to the centerline of Lake -Cook Road; thence East along
said centerline 4432.44 feet; thence Northerly 1387.38 feet
to the centerline of the West Fork of the North Branch of
the.Chicago River; thence Northerly along said centerline
1589.41 feet to the northern right -of -way line of Hackberry;
thence east along said right -of -way line 1090 feet to the
Southeast corner of Shepard.School, commonly known as 440
Grove Avenue;_ thence South 40 feet to the centerline of
Hackberry; thence Easterly 793.9 feet to a point 393.10 feet
West of the Westerly right -of -way line of the Chicago,
Milwaukee; St. Paul and Pacific Railroad; thence North 611.2
feet; thence East 104 feet to the Westerly right -of -way line
of the Chicago, Milwaukee,' St. Paul and Pacific Railroad;
thence Southerly along said right -of -way line 1352.85 feet;
thence East to and along the Northern right -of -way line of
Kates Road 1600.37 feet to the centerline of Waukegan Road;
thence southerly along said centerline 2172.65 feet; thence
West 78.7 feet to a point intersecting the Northernmost
right -of -way line of Lake -Cook Road; thence westerly along
said right -of -way line 1635.37 feet to the point of beginning;
all located in Sections 4, 5, 6, 32 and 33, Townships 42 and
43 North, Range 12,.East of the Third Principal Meridian, in
Lake and Cook Counties, Illinois.
-2-
Section 2. Pursuant to Section 11- 74.4 -8 of the Act,
tax increment allocation financing is hereby adopted with respect
to the Redevelopment Plan and Project approved by virtue of the
adoption of the Redevelopment Ordinance and with respect to the
Redevelopment Project Area designated in Section 1 of this Ordi-
nance. After the total equalized assessed valuation of taxable
real property in the Redevelopment Project Area exceeds the total
initial equalized assessed value of all taxable real property in
the Redevelopment Project Area, the ad valorem taxes, if any,
arising from the levies upon real property in the Redevelopment
Project Area by taxing districts and the rates determined in the
manner provided in Section 11- 74.4 -9(b) of the Act each year
after the effective date of this Ordinance until the Redevelopment
Project Costs and obligations issued in respect thereto have been
paid shall be divided as follows:
(a) That portion of taxes levied upon each taxable
lot, block, tract or parcel of real property which is attributable
to the initial equalized assessed value of each such taxable lot,
block, tract or parcel of real property in the Redevelopment
Project Area shall be allocated to and when collected shall be
paid by the county collector to the respective affected taxing
districts in the manner required by law in the absence of the
adoption of tax increment allocation financing.
(b) That portion, if any, of such taxes which is
attributable to the increase in the current equalized assessed
valuation of each lot, block, tract or parcel of real property in
the Redevelopment Project Area over and above the initial equalized
-3-
assessed value of each property in the Redevelopment Project Area
shall be allocated to and when collected shall be paid to the
Village Treasurer who shall deposit said funds in a special fund
called the 111982 Special Tax Allocation Fund" of the Village for
the purpose of paying Redevelopment Project Costs and obligations
incurred in the payment thereof, pursuant to such appropriations
which may be subsequently made.
Section 3. The Village Clerk is hereby authorized to
file a certified copy of this ordinance with the County Clerk of
Cook County and with the County Clerk of Lake County.
Section 4. This ordinance shall become effective in
the manner provided by law.
we
Adopted this 7th day of June, 1982 by roll call vote as
follows:
Ayes: Ehlers, Heisler, Seidman, Swanson, York (5)
Noes: Marty (1)
Absent: None (0)
(SEAL)
Attest
Village Cl
LG /mlv
6/3/82
-5-
CERTIFICATE
I, Naomi S. Clampitt, Village Clerk of the Village of
Deerfield,.Illinois, hereby certify that the foregoing ordinance
entitled: "Ordinance Designating a Redevelopment Project Area and
Adopting Tax Increment Allocation Financing in the Village of
Deerfield,'Illinois," is a true copy of an original ordinance
which was duly adopted by the recorded affirmative votes of a
majority of the members of the Board of Trustees of the Village
at a meeting thereof which was duly called and held at 8:00 p.m.
on June 7, 1982 in the Board Room at the Village Hall, and at
which a.quorum was present and acting throughout, and that said
copy has been compared by me with the original ordinance signed
by the Village President, and recorded in the Ordinance Book of
the Village and that it is a correct transcript thereof and of
the'whole of said ordinance, and that said ordinance has.not been
altered, amended, repealed or revoked, but is in full force and
effect.
IN WITNESS WHEREOF, I have hereunto set my hand and
affixed the seal of the Village this. 14th day of June
1982.
(SEAL)
I .L'
Village Clerk