R-23-59VILLAGE OF DEERFIELD
RESOLUTION NO. 2023- R-23-59
A RESOLUTION CONVENING THE JOINT REVIEW BOARD
AND SETTING THE TIME AND PLACE FOR A PUBLIC HEARING ON THE
PROPOSED LAKE COOK ROAD TAX INCREMENT FINANCING DISTRICT
WHEREAS, the Village of Deerfield is a home rule unit of local government pursuant
to the provisions of Article VII, Section 6 of the Illinois Constitution; and
WHEREAS, the Village is considering a tax increment financing district over the real
property over the real property generally located in the area depicted in Exhibit A and more
specifically identified and legally described on Exhibit B attached to this Ordinance
("Redevelopment Area') to induce the revitalization of the Redevelopment Area; and
WHEREAS, the Village does not anticipate that the Redevelopment Area will be
redeveloped without the implementation by the Village of a new plan and project for the
economic renewal of the Redevelopment Area; and
WHEREAS, the Village explored various methods by which sufficient private
investment can be attracted to the Redevelopment Area, so that the Redevelopment 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 Redevelopment Area is the use of tax increment
financing and the establishment of the Redevelopment Area as a new redevelopment project
area (a "TIF District") as authorized under the Tax Increment Allocation Redevelopment
Act (65 ILCS 5/11-74.4-1, the "TIFAct"); and
WHEREAS, the Village has commissioned a study by Ryan, LLC ("Ryan"), to
determine whether the Redevelopment Area meets the qualifications for establishing a TIF
District; and
WHEREAS, after extensive review of the Redevelopment Area, Ryan delivered a
report to the Village in which Ryan concludes that the Redevelopment Area qualifies as a
conservation area under the TIF Act ("Eligibility Report"); and
WHEREAS, in light of its review of the Redevelopment Area and pursuant to
extensive discussions with Village officials and others interested in the Redevelopment Area,
Ryan has also prepared a plan for the redevelopment of the Redevelopment Area in
accordance with the TIF Act ("Redevelopment Plan and Project"); and
WHEREAS, the Eligibility Report and the Redevelopment Plan and Project have
been on file and available at the Deerfield Village Hall since November 21, 2023 ; and
WHEREAS, in order to continue its consideration of the possible establishment of a
TIF District in the Redevelopment Area, the Village's and Board of Trustees has determined
that it is in the best interest of the Village and its residents to initiate the process for
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establishing a TIF District within the Redevelopment Area, including: (i) the convening of a
meeting of the Joint Review Board; and (ii) the setting of a time and place for a public hearing
on the possible establishment of a TIF District and consideration of the Eligibility Report and
the Redevelopment Plan and Project;
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE BOARD OF
DEERFIELD, LAKE AND COOK COUNTIES, ILLINOIS, as follows:
SECTION 1: RECITALS. The facts and statements contained in the preamble to
this Resolution are found to be true and correct and are hereby adopted as part of this
Resolution.
SECTION 2: JOINT REVIEW BOARD.
A. Joint Review Board Established: Membership. The Joint Review Board is
hereby established pursuant to Section 11-74.4-5 of the TIF Act. The Joint Review Board
shall consist of the Village Manager, or his designee, one representative of the public chosen
by the members of the Joint Review Board, and one representative chosen by each of the
following taxing districts that have authority to directly levy taxes on the real property
located within the Redevelopment Area:
1. Northbrook Rural Fire Protection District;
2. Deerfield Park District;
3. Oakton Community College District Skokie Des Plaines;
4. Glenbrook High School District 225;
5. Northbrook School District 27;
6. Northfield Township; and
7. Cook County;
B. Notice of Meeting of the Joint Review Board. The Village will deliver notice as
required by the TIF Act of the time and place of the meeting of the Joint Review Board, which
meeting will occur on January 4, 2024 at 10:00 a.m.
SECTION 3: SETTING TIME AND PLACE FOR PUBLIC HEARING. The
Village President and Board of Trustees hereby establishes February 20, 2024 at 7:30 p.m.
as the date and time for a public hearing on the possible establishment of a TIF District, the
designation of a redevelopment project area, and the consideration of a Redevelopment Plan
and Project for the Redevelopment Area. The public hearing will be held at Deerfield Village
Hall, 850 Waukegan Road, Deerfield, Illinois. The Board of Trustees reserves the right to
continue the hearing to a later date and time without further published notice should a
continuance become necessary.
SECTION 4: AUTHORIZATION FOR PUBLIC NOTICES AND OTHER
ACTION. The Village President and Board of Trustees hereby authorizes and directs the
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Village Manager and the Village Clerk, in consultation with Ryan and the Village Attorney,
to do or cause to be done all things necessary or desirable for purposes of giving the public
notice of the February 20, 2024 public hearing, including the publication of notice in
substantially the form attached to this Resolution as Exhibit C, and any and all other
statutorily required steps precedent to the establishment of a TIF District in the
Redevelopment Area and the adoption of a Redevelopment Plan and Project.
SECTION 5: EFFECTIVE DATE. This Resolution shall be in full force and effect
upon the passage and approval.
AYES: Benton, Berg, Jacoby, Oppenheim, Seiden
NAYS: None
ABSTAIN: None
ABSENT: Metts-Childers
PASSED: December 4, 2023
APPROVED: December 6, 2023
RESOLUTION NO: R-23-59
ATTEST:
Kent S. Street, Village Clerk
Daniel C. Shapiro, Mayor
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EXHIBIT A
DEPICTION OF REDEVELOPMENT PROJECT AREA
4868-3811-6244, v. 1
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IEB(847) 823-0500 VILLAGE OF DEERFIELD 08-01-2022 riF22o — REVISED. 09-06-2022
LEGAL DESCRIPTION !Lake Cook Road TIF — Deerfield]:
THAT PART OF THE NORTH HALF OF SECTION 5 AND THE WEST HALF OF THE
NORTHWEST QUARTER OF SECTION 4 IN TOWNSHIP 42 NORTH, RANGE 12 EAST OF
THE THIRD PRINCIPAL MERIDIAN IN COOK COUNTY, ILLINOIS, BEING DESCRIBED AS
FOLLOWS:
BEGINNING AT THE SOUTHWEST CORNER OF LOT 4 IN ARBORLAKE CENTRE
SUBDIVISION AS RECORDED MARCH 14, 1985 AS DOCUMENT NO. 27475383;
THENCE NORTH ALONG THE WEST LINE OF SAID LOT 4 IN ARBORLAKE CENTRE
SUBDIVISION TO THE NORTHWEST CORNER THEREOF, SAID NORTHWEST CORNER
ALSO BEING THE SOUTHEAST CORNER OF LOT 1 IN THE PPF AMLI LAKE COOK ROAD
SUBDIVISION AS RECORDED DECEMBER 13, 2013 AS DOCUMENT NUMBER 133475383;
THENCE NORTH ALONG THE EAST LINE OF SAID LOT 1 IN THE PPF AMLI LAKE COOK
ROAD SUBDIVISION AND THE NORTHERLY EXTENSION THEREOF TO A POINT ON THE
NORTH RIGHT-OF-WAY LINE OF LAKE COOK ROAD;
THENCE EAST ALONG SAID NORTH RIGHT-OF-WAY LINE OF LAKE COOK ROAD TO A
POINT OF INTERSECTION WITH THE NORTHERLY EXTENSION OF THE EAST LINE OF
LOT 4 IN LAKE COOK OFFICE CENTRE RESUBDIVISION AS RECORDED FEBRUARY 18,
1982 AS DOCUMENT NUMBER 26147953;
THENCE SOUTH ALONG SAID NORTHERLY EXTENSION AND THE EAST LINE OF LOT 4
IN LAKE COOK OFFICE CENTRE RESUBDIVISION TO A POINT ON THE NORTHERLY
RIGHT-OF-WAY LINE OF THE ILLINOIS STATE TOLL HIGHWAY (AKA EDENS SPUR);
THENCE WEST ALONG SAID NORTHERLY RIGHT-OF-WAY LINE OF THE ILLINOIS STATE
TOLL HIGHWAY TO THE POINT OF BEGINNING
EXHIBIT C
NOTICE OF PUBLIC HEARING
VILLAGE OF DEERFIELD, LAKE AND COOK COUNTIES, ILLINOIS
PROPOSED LAKE COOK ROAD REDEVELOPMENT AREA
NOTICE IS HEREBY GIVEN that on February 20, 2024, at 7:30 p.m., at the Deerfield Village
Hall at 850 Waukegan Road, Deerfield, Illinois, a public hearing will be held to consider the approval of
the proposed redevelopment plan and project (the "Redevelopment Plan and Project") and the designation
of that certain proposed redevelopment project area to be known as the Lake Cook Road Redevelopment
Project Area (the "Lake Cook Road Redevelopment Area"). The Lake Cook Road Redevelopment Area
consists of the territory generally described below:
The Lake Cook Road Redevelopment Area is generally located between Lake Cook Road to the
north and the Edens Spur to the south, and consists of 1411, 1415, 1417, 1419, 1425, 1435, and 1445 Lake
Cook Road. More specifically, the Lake Cook Road Redevelopment Area includes office and hotel uses.
At the hearing, comments will be considered on whether to approve the Redevelopment
Plan and Project for, and the designation of, the proposed Lake Cook Road Redevelopment Area
and adoption of tax increment allocation financing therefor. The proposed Redevelopment Plan
and Project is on file and available for public inspection during normal business hours at the
Deerfield Village Hall, 850 Waukegan Road, Deerfield, Illinois, 60015. The Redevelopment Plan
and Project is also available on the Village's website at http://www.deerfield.il.us
Pursuant to the Redevelopment Plan and Project, the Village proposes to reduce or
eliminate those conditions that continue to qualify the Lake Cook Road Redevelopment Area as a
"conservation area," as that term is defined in the Tax Increment Allocation Redevelopment Act,
as amended, and to enhance the tax base of the Village and the taxing districts having taxable
property within the Lake Cook Road Redevelopment Area by utilizing tax increment financing to
fund various eligible project costs ("Redevelopment Project Costs") to stimulate private
investment within the Lake Cook Road Redevelopment Area. The Redevelopment Plan and
Project includes an eligibility report providing in reasonable detail the continued basis for
qualifying the Redevelopment Project Area as a "conservation area" as that term is defined in the
Tax Increment Allocation Redevelopment Act, as amended.
The Redevelopment Plan and Project goals include, but are not limited to, the following:
1. Strengthen the commercial areas of the Village in order to provide a sound economic
base, while maintaining a compatible relationship between the commercial areas and
other areas of the Village.
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2. Guide future growth within Deerfield's Planning Jurisdiction so that public facilities
and amenities can be effectively and economically provided, and that such growth does
not adversely change the Village.
3. Continue to maintain and improve traffic circulation within Deerfield by supporting
transportation system improvements and managing traffic to ensure safe, coordinated,
and efficient flow of vehicles and people within and through the Village.
4. Preserve and enhance the attractiveness of the Village.
To achieve these objectives, the Redevelopment Plan and Project proposes to provide
assistance by paying or reimbursing costs related to the acquisition, construction and installation
of public facilities, property assembly, site preparation and improvement, environmental
remediation, job training, the execution of one or more redevelopment agreements, and the
payment of financing, administrative and other professional costs, and payment and/or
reimbursement of any other Redevelopment Project Costs, all as provided under the Tax Increment
Allocation Redevelopment Act, as amended.
Prior to the date of the hearing, each taxing district having property in the Lake Cook Road
Redevelopment Area and the Illinois Department of Commerce and Economic Opportunity may submit
written comments to the Village, to the attention of the Village Clerk, Deerfield Village Hall, 850
Waukegan Road, Deerfield, Illinois 60015.
The Village has convened a joint review board to consider and make a recommendation regarding
the proposed Redevelopment Plan and Project for, and the designation of, the proposed Lake Cook Road
Redevelopment Area and the adoption of tax increment allocation financing therefor, in accordance with
the requirements of the Tax Increment Allocation Redevelopment Act, as amended. The joint review board
consists of a representative selected by each community college district, park district, library district, school
district, township, fire protection district and county that will have the authority to directly levy taxes on
the property within the Lake Cook Road Redevelopment Area. At the time that the Lake Cook Road
Redevelopment Area is approved, a representative is selected by the Village, and a public member. The
joint review board will hold a meeting on January 4, 2024, at 10:00 a.m., at the Deerfield Village Hall, 850
Waukegan Road, Deerfield, Illinois 60015.
At the hearing, all interested persons or affected taxing districts may file written comments and
objections with the Village Clerk and may be heard orally with respect to any issues regarding the approval
of the Redevelopment Plan and Project for and the designation of the Lake Cook Road Redevelopment
Area and the adoption of tax increment allocation financing therefor. The hearing may be adjourned by the
President and the Board of Trustees of the Village without further notice other than a motion to be entered
upon the minutes of the hearing fixing the time and place of the subsequent hearing.
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Kent S. Street
Village Clerk
Village of Deerfield
Lake and Cook Counties, Illinois
Publish: 12/14/23
4868-3811-6244, v. 1