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O-86-68ORDINANCE NO. 0 -86 -68 ORDINANCE AUTHORIZING THE ALLOCATION OF THE INCREASE IN THE AGGREGATE AMOUNT OF TAXES PAID BY RETAILERS AND SERVICEMEN PURSUANT TO THE MUNICIPAL RETAILERS' OCCUPA- TION TAX ACT, THE MUNICIPAL SERVICE OCCUPATION TAX ACT, THE RETAILERS' OCCUPATION TAX ACT, THE USE TAX ACT, THE SERVICE USE TAX ACT AND THE SERVICE OCCUPATION TAX ACT ON BUSINESS TRANSACTIONS LOCATED WITHIN A REDEVELOPMENT PROJECT AREA IN THE VILLAGE OF DEERFIELD, ILLINOIS WHEREAS, President and Board of Trustees of the Village of Deerfield, Illinois has adopted and approved a Redevelopment Plan and a Redevelopment Project for an area to be designated as a Redevelopment Project Area by the Village pursuant to an ordinance adopted by said President and Board of Trustees on December 15, 1986 and entitled "Ordinance Approving.A Tax Increment Redevelopment Plan and Redevelopment Project in the Village of Deerfield, Illinois" (the "Plan Ordinance ") and has designated and legally described said area as a Redevelopment Project Area and adopted Tax Increment Financing for said Rede- velopment Plan pursuant to an ordinance adopted by the President and Board of Trustees of the Village on December 15, 1986 (the "Tax Increment Ordinance "); and WHEREAS, the Tax Increment Ordinance provides that all incremental property tax revenues generated in the Redevelopment Project Area shall be deposited in the "Village Center Special Tax Allocation Fund of the Village established by the Tax Increment Ordinance for the purpose of paying Redevelopment Proj- ect Costs relating to the Redevelopment Project Area and obligations incurred in the payment thereof; and WHEREAS, Section 11- 74.4 -8a of the Tax Increment Allo- cation Redevelopment Act, Illinois Revised Statutes, Chapter 24, Sections 11- 74.4 -1, et seq. (the "Act "), provides that a munici- pality which has adopted tax increment allocation financing prior to January 1, 1987, may, by ordinance, authorize the Illinois Department of Revenue to annually certify and cause to be paid to such municipality an amount equal to the increase in the aggre- gate amount of taxes paid by retailers and servicemen on transac- tions at places of business located within a designated rede- velopment project area pursuant to the Municipal Retailers' Occu- pation Tax Act, the Municipal Service Occupation Tax Act, the Retailers' Occupation Tax Act, the Use Tax, the Service Use Tax Act and the Service Occupation Tax Act, for as long as the rede- velopment project area exists, over and above the aggregate amount of such taxes as certified by the Illinois Department of Revenue paid under those Acts by retailers and servicemen on transactions at places of business located in the redevelopment project area during the base year which is the calendar year immediately prior to the year in which the municipality adopted tax increment allocation financing, less 1.60 of such amounts generated under the Retailers' Occupation Tax Act, Use Tax Act, and Service Use Tax Act and the Service Occupation Tax Act, which sum shall be retained by the State Treasurer to cover the costs incurred by the Department in administering and enforcing the provisions of Section 11- 74.4 -8a of the Act; and WHEREAS, it is the determination of the President and Board of Trustees of the Village of Deerfield, Illinois to -2- allocate such increase in taxes under the Municipal Retailers' Occupation Tax Act, the Municipal Service Occupation Tax Act, the Retailers' Occupation Tax Act, the Use Act, the Service Use Act and the Service Occupation Tax Act over and above the amount of such taxes paid during calendar year 1985 within the Redevel- opment Project Area to the "Village Center Special Tax Allocation Fund" of the Village for use in payment of Redevelopment Project Costs related to the Redevelopment Project Area and obligations incurred in the payment thereof; and WHEREAS, the Village currently imposes the maximum tax imposed by law under the Municipal Retailers Occupation Tax Act, the Municipal Use Tax Act and the Municipal Service Occupation Tax Act, as is required by Section 11- 74.4 -8a in order for the Village to receive the allocations-described above pursuant to said Section 11- 74.4 -8a; NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF DEERFIELD, IIIINOIS, AS FOLLOWS: Section 1. Pursuant to Section 11- 74.4 -8a of the Act, this Board does hereby authorize the Illinois Department of Reve- nue to annually certify and pay to this Village an amount equal to the increase in the aggregate amount of taxes paid by retail- ers and servicemen on transactions at-places of business located within the Redevelopment Project Area (as described in Attachment "A" which is attached hereto and made a part of this Ordinance by reference), pursuant to the Municipal Retailers' Occupation Tax Act, the Municipal Service Occupatji n Tax Act, the Retailers -3-7, Occupation Tax Act, the Use Tax Act, the Service Use Tax Act and the Service Occupation Tax Act for as long as the Redevelopment Project Area exists; said amount to be over and above the aggre- gate amount of said taxes as certified by the Illinois Department of Revenue and paid under these Acts by retailers and servicemen on transactions at places of business located within the Rede- velopment Project Area during the calendar year 1985, less those amount previously described to be retained by the State Treasurer pursuant to Section 11- 74.4 -8a. Section 2. The tax payments authorized under Section 1 of this Ordinance shall be deposited by the Village Treasurer of the Village of Deerfield in the "Village Center Special Tax Allocation Fund" for the Village of Deerfield for the purpose of paying Redevelopment Project Costs relating to the Redevelopment Project Area and obligations incurred in the payment thereof. Section 3. The Village Clerk is hereby authorized and directed to file a certified copy of this Ordinance with the appropriate officials of the Illinois Department of Revenue and the Illinois Department of Commerce and Community Affairs within thirty days after the effective date of this Ordinance. The Village Clerk is hereby authorized and directed to furnish the Illinois Department of Revenue and the Illinois Department of Commerce and Community Affairs all information required by Sec- tion 11- 74.4 -8a of the Act, as well as such other information reasonably available to the Village as shall be requested by the Illinois Department of Revenue in relation to the performance of its duties under said Section. -4- Section 4. This Ordinance shall be in full force and effect upon its passage by the President and Board of Trustees of the Village of Deerfield, Illinois. Section 6. All ordinances or resolutions in conflict herewith are hereby repealed insofar as such conflict exists. Section 7. The Village Clerk be and is hereby directed to publish this Ordinance in pamphlet form. -5- ATTACHMENT A Legal Description of REDEVELOPMENT PROJECT AREA That part of the southwest $ of Section 28, the southeast 4 of Section 29, the northeast 4 of Section 32, and the northwest 4 of Section 33, Township 43 North, Range 12, East of the third principal meridian, described as follows: Commencing at the point of intersection of the center line of Hazel Avenue and the center line of Chestnut Street; thence easterly along the center line of Hazel Avenue to the northeasterly right -of -way line of Waukegan Road; thence southeasterly along said right -of- way line to the center line of Orchard Street; thence easterly along said right -of -way to point directly north of the northwest corner of Lot 14, Owners' Homestead Subdivision; thence southerly along the western property line of Lots 14, 16, 17 and portion of 20, Owners' Homestead Subdivision to a point 41.80' north of the southwest corner of Lot 20 in said subdivision; thence east and parallel to the south lot line of Lot 20, Owners' Homestead Subdivision to a point on the western right -of -way line of Todd Court if extended south; thence north along said line to the southwest corner of Todd Court; thence east along the right -of- way line of Todd Court to the center line of Todd Court; thence south along the center line of Todd Court if extended a distance of 10.0'; thence east and parallel to the north property line of Lot 26; Owners' Homestead Subdivision a distance of 25.0'; thence south and parallel to the west property line of said Lot 26 to the south property line of said Lot 26; thence east along the south property line of said Lot 26 to the east property line of said lot; thence south along the west property lines of Lots 31, 30, and 29, O.B. Von Linde's Subdivision to the southwest corner of said Lot 29; thence east along the south property line of said Lot 29 to the center line of Rosemary Terrace; thence south along said centerline to the north right -of -way line of Deerfield Road; thence southeasterly in a straight line to the northeast corner of Lot 4, William W. Clark's Subdivision; thence south along the east property line to the southeast corner of said Lot 4; thence west along the south property line to the northwest corner of Lot 8, Goldman's North Shore Golf Links Subdivision; thence southeasterly along the western property line of said'Lot 8 to the southeast corner of Lot 1, Lynn's Whittier Avenue Subdivision; thence westerly along the south property line of said Lot 1 to a point 75' west of the northeast corner of Lot 3, Lynn's Whittier Avenue Subdivision; thence south and parallel to the east property line of said Lot 3 to the south property line of said Lot 3; thence southwesterly along said property line and the northwesterly property line of Lot 51, Goldman's-North Shore Golf Links Subdivision to the northeast corner of said lot 51; thence southeasterly along southwest property line of lots 51, 54, and 55, Goldman's North Shore Golf Links Subdivision to the northwest corner of Lot 57, Goldman's North Shore Golf Links Subdivision; thence southwesterly along the northwest property line of said Lot 57 to the northeast right -of -way line of J . a !,r•+.. Waukegan Road; thence southeasterly along said right -of -way line to a point directly east of the northeast corner (abuts Waukegan Road) of Lot 19, Owner's First Addition to Deerfield; thence west to aforesaid point and continuing due west a distance of 277.22' more or less; thence northwest of aforesaid line 1050 22' 23" a distance of 51.88'; thence northerly to the southeast corner of Lot 1, Woodman's Resubdivision; thence westerly to the southwest corner of Lot 3, Matty's Resubdivision; thence south along the west property line of said Lot 3 if extended a distance of 10.30'; thence south 23 0E a distance of.356.95' to a point which is 305' easterly of the center line of the right -of -way of the Chicago, Milwaukee, St. Paul and Pacific Railway Company, measured at a right angle thereto; thence southerly and parallel to the easterly right -of -way line of said railway a distance of 300'; thence westerly at a right angle to the last described line a distance of 255' to the northeast right -of -way line of said railway; thence northwesterly along said right -of -way line to the center line of Central Avenue; thence due west to the center line of Elm Street; thence northwesterly along said center line to the center line of Sunset Court; thence west along said center line to a point directly south of a point 126.8' west of the aforementioned western railway right -of -way line on a line 30' north of and parallel to the center line of Sunset Court; thence north a distance of 202' more or less; thence west 55'; thence north to the south right -of -way line of Deerfield Road; thence west along said right -of -way line to the center line of Chestnut Street; thence north along said center line to the point of beginning, all in the Village of Deerfield, County of Lake, State of Illinois. -7- Adopted and approved this 15th day of December, 1986 by roll call vote as follows: Ayes: Marovitz, Marty, Rosenthal, Seidman, Swanson, Ydrk (6) Nays: None ( 0 ) Absent: None (0) Approved: Village President (SEAL) Attest: Village ClAr 1986. Published in pamphlet form this 15thday of December, CC Vil a C rk CERTIFICATE I, Naomi Clampitt, Village Clerk of the Village of Deerfield, Illinois (the "Village ") hereby certify that the foregoing ordinance is a true copy of the Ordinance entitled "An Ordinance Authorizing the Allocation of the Increase in the Aggregate Amount of Taxes Paid by Retailers and Servicemen Pursu- ant to the Municipal Retailers' Occupation Tax Act, the Municipal Service Occupation Tax Act, the Retailers Occupation Tax Act the Use Tax Act, the Service Use Tax Act and the Service Occupation Tax Act on Business Transactions Located Within a Redevelopment Project Area in the Village of Deerfield, Illinois ", which was duly adopted by the recorded affirmative votes of a majority of the President and the members of the Board of Trustees of the Village at a special meeting thereof which was duly called and held at 8:00 P.M. on December 15, 1986, at the Village Hall at 850 Waukegan Road 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 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 t ' 15th day of De ber, 1986. Villa e er, (SEAL) 14105ad 12/11/86 CT /trl �I LAKE COUNTY CLERK 18 N. COUNTY STREET Linda lanuzi Hess WAUKEGAN, ILLINOIS 60085 COUNTY CLERK 312/ 360 -6657 TO: \ 1 Q Q „ D E C 2 2 5986 RECEIPT OF THE FOLLOWING NAMED ITEMS IS HEREBY ACKNOWLEDGED: W13=111=191 1p i � /r— A1? -/' /11 DATE L N IANUZI HESS LAKE COUNTY CLERK