R-24-JRB-01DEERFIELD JOINT REVIEW BOARD
RESOLUTION NO. 2024 — R-24-JRB-01
A RESOLUTION RECOMMENDING APPROVAL OF THE REDEVELOPMENT
PLAN AND PROJECT FOR THE LAKE COOK ROAD
REDEVELOPMENT PROJECT AREA
WHEREAS, the Joint Review Board convened in the Deerfield Village Hall on
January 4, 2024, pursuant to the Illinois Tax Increment Allocation Redevelopment Act, 65
ILCS 5/11-74.4-1 et seq. ("Act'), which was attended and comprised of representatives of
certain affected taxing jurisdictions of the proposed Lake Cook Road Redevelopment Project
Area, as well as a public member pursuant to the Act; and
WHEREAS, a public member to the Joint Review Board was duly selected on
January 4, 2023, by a majority vote of the taxing districts present and serving on the Joint
Review Board, and a chairperson was also duly selected by the members of the Joint
Review Board by majority vote; and
. WHEREAS, at its meeting on January 4, 2024, the Joint Review Board did review
and consider the public record, planning documents, and proposed ordinances relating to
the proposed Village of Deerfield Lake Cook Road Redevelopment Project Area, including
the Tax Increment Financing Eligibility Study and the proposed Redevelopment Plan and
Project, which Study and Plan have been prepared by Ryan, LLC; and
WHEREAS, after consideration of said matters, in accordance and compliance with
the Act, the Joint Review Board did agree, by a vote of the members present, that the
proposed Redevelopment Plan and Project for the Lake Cook Road Redevelopment Project
Area, in the Village of Deerfield, Illinois, should be approved; that the Village of Deerfield
Lake Cook Road Redevelopment Project Area satisfies the eligibility criteria defined in the
Act; that the Village of Deerfield Lake Cook Road Redevelopment Project Area qualifies as
a Conservation Area, as such term is defined in the Act; and that the Redevelopment Plan
and Project, as presented, conforms to the requirements of the Act;
NOW THEREFORE, BE IT RESOLVED BY THE VILLAGE OF DEERFIELD
LAKE COOK ROAD REDEVELOPMENT PROJECT AREA JOINT REVIEW
BOARD, as follows
SECTION 1: RECITALS. The foregoing recitals are hereby incorporated into and
made a part of this Resolution by this reference.
SECTION 2: RECOMMENDATION. The Joint Review Board hereby submits the
following advisory, non -binding recommendations to the Village Board of Trustees of the
Village of Deerfield:
A. The Village of Deerfield Lake Cook Road Redevelopment Project Area
satisfies the requirements of the proposed Redevelopment Plan and Project
for the Redevelopment Project Area, and fulfills the objectives of the Act, and,
accordingly, the Joint Review Board recommends that the Village Board of
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Trustees approve the proposed Village of Deerfield Lake Cook Road
Redevelopment Plan and Redevelopment Project.
B. In furtherance thereof, the Joint Review Board recommends that the Village
Board of Trustees adopt the following ordinances in support of the proposed
Lake Cook Road Redevelopment Project Area:
1. An Ordinance Approving a Tax Increment Redevelopment Plan and
Project for the Lake Cook Road Redevelopment Project Area;
2. An Ordinance Designating the Lake Cook Road Redevelopment
Project Area Pursuant to the Tax Increment Allocation
Redevelopment Act; and
3. An Ordinance Adopting Tax Increment Allocation Financing for the
Lake Cook Road Redevelopment Project Area.
SECTION 3: SEVERABILITY. If any provision of this Resolution or part thereof
is held invalid by a court of competent jurisdiction, the remaining provisions of this
Resolution are to remain in full force and effect, and are to be interpreted, applied, and
enforced so as to achieve, as near as may be, the purpose and intent of this Resolution to
the greatest extent permitted by applicable law.
AYES: Frigo, Gravel, Harvey, Marino Ruffolo, Nally, Reynen, Smith (7)
NAYS: None (0)
ABSTAIN: None
ABSENT: None
PASSED: January 4, 2024
APPROVED: January 15, 2024
RESOLUTION NO: R-24-JRB-01
n
Chairperson
Joint Review Board
Village of Deerfield
Lake County, Illinois
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