R-22-41VILLAGE OF DEERFIELD
RESOLUTION NO. 2022- R-22-41
A RESOLUTION PROVIDING FOR A FEASIBILITY STUDY FOR A PROPOSED
LAKE COOK ROAD TAX INCREMENT FINANCING DISTRICT
WHEREAS, the Village of Deerfield ("Village's is a home rule municipality in
accordance with Article VII, Section 6 of the Constitution of the State of Illinois of 1970; and
WHEREAS, the portion of the Village along or near Lake Cook Road depicted in
Exhibit A, attached hereto and incorporated herein by reference, and the properties
immediately around the properties depicted in Exhibit A (collectively, "Target, Area'),
contains certain parcels that are presently underutilized, suffer from excessive vacancies,
and face several economic development impediments, such as obsolescence, deterioration,
inadequate utilities, and lack of community planning; and
WHEREAS, the Village does not anticipate that significant portions of the Target
Area will be redeveloped and restored without the implementation by the Village of a
comprehensive plan for the economic redevelopment of the Target Area; and
WHEREAS, the Village has explored certain methods by which sufficient private
investment can be attracted to the Target Area, so that the Target Area can be redeveloped
for the long-term growth and benefit of the Village and its residents; and
WHEREAS, one means by which the Village could attract the private investment
necessary for the redevelopment of the Target Area is the use of tax increment financing
("TIF') and the establishment of a redevelopment project area (a "TIF District") as
authorized under 65 ILCS 5/11-74.4-1 et seq. (the "TIFAct"); and
WHEREAS, the Village desires to further direct Kane, McKenna and Associates
("Consultant's to prepare a feasibility study, as that term is defined in Section 11-74.4-4.1
of the TIF Act, to assist in determining whether or not the establishment of a TIF District is
appropriate for effective redevelopment of the Target Area ("Feasibility Study'; and
WHEREAS, the Mayor and the Board of Trustees have determined that it is in the
best interest of the Village to further authorize and direct the Consultant to prepare the
Feasibility Study;
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE BOARD OF
DEERFIELD, LAKE AND COOK COUNTIES, ILLINOIS, as follows:
SECTION 1: RECITALS. The Village Board hereby adopts the foregoing recitals as
its findings, as if fully set forth herein.
SECTION 2: AUTHORIZATION TO PREPARE FEASIBILITY STUDY. The
Village Board hereby further authorizes and directs the Consultant to prepare the Feasibility
Study for the Target Area.
100127579.21
SECTION 3: DESIGNATION OF MUNICIPAL OFFICER. The Village hereby
designates its Assistant Village Manager and Director of Community Development, Andrew
Lichterman, 850 Waukegan Road, Deerfield, Illinois, 60015, (847) 945-5000, as the municipal
officer who can be contacted for additional information about the proposed Target Area and
who should receive all comments and suggestions regarding the redevelopment of the area to
be studied.
SECTION 4: DISTRIBUTION TO TAXING DISTRICTS. The Village Clerk or his
designee is authorized and directed to send a copy of this Resolution to all taxing districts
that would be affected by the designation of the Target Area as a redevelopment project area.
SECTION 5: EFFECTIVE DATE. This Resolution shall be in full force and effect
from and after its passage and approval according to law.
APES: Benton, Berg, Jacoby, Metts-Childers, Seiden
NAYS: None
ABSTAIN: None
ABSENT: Oppenheim
PASSED: August 1, 2022
APPROVED: August 8, 2022
RESOLUTION NO: R-22-41
Daniel C. Shapiro, Mayor
ATTEST:
Kent S Street, Village Clerk
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EXHIBIT A
Target Area
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