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O-92-54L f r • STATE OF ILLINOIS ) COUNTIES OF LAKE AND COOK ) ) VILLAGE OF DEERFIELD ) SS 3258535 RE_ C O R -DE-l; LAIL CG11JHTY. ILLINOIS 92 DEC 16 AM 9: 50 L The undersigned hereby certifies that he is the duly appointed Village Clerk of the Village of Deerfield, Lake and Cook Counties, Illinois, and that the attached is a true and accurate copy of Ordinance No. 0 -92 -54 entitled "Ordinance Adopting and Approving a Tax Increment Redevelopment Plan and a Tax Increment Redevelopment Project for the Village of Deerfield, Illinois" as appears in the records and files of the office of the Village Clerk. Dated this December 9, 1992 6��.iadB0 �aa tea's �0 '• D 3q '..'•' : puf0P3 /13 -3 /23788 /saturn ` 11/11/92 - 1320 ' ORDINANCE NO. 0 -92 -54 ORDINANCE ADOPTING AND APPROVING A TAX INCREMENT REDEVELOP- MENT PLAN AND A TAX INCREMENT REDEVELOPMENT PROJECT FOR THE VILLAGE OF DEERFIELD, ILLINOIS WHEREAS, the Village of Deerfield, Illinois (the "Village ") desires to implement tax increment allocation financing pursuant to the Tax Increment Allocation Redevelopment Act, as amended, constituting Division 74.4 of Article 11 of the Illinois Municipal Code (hereinafter referred to as the "Act "), for a pro- posed redevelopment project (the "Redevelopment Project ") within the municipal boundaries of the Village of Deerfield and within a proposed redevelopment project area (the "Redevelopment Project Area ") described in Exhibit A of this ordinance, which area con- stitutes, in the aggregate, more than one and one -half acres; and WHEREAS, the President and Board of Trustees of the Village of Deerfield adopted and approved a report prepared on be- half of the Village entitled "Village of Deerfield, Redevelopment Plan, Village Center Project Area, October, 1986" (the "1986 Plan ") pursuant to an ordinance adopted on December 15, 1986; and WHEREAS, the Village now desires to amend the 1986 Plan to include within the Redevelopment Project Area properties not included within the 1986 Plan; and WHEREAS, a report was prepared on behalf of the Village entitled "Village of Deerfield, Proposed Redevelopment Plan, Village Center Project Area, September, 1992", which amends the 1986 Plan and constitutes the Redevelopment Plan required by the Act (the "Redevelopment Plan "); and 3258535 V2 IM WHEREAS, pursuant to Section 11- 74.4 -5 of the Act, a joint review board was convened on August 20, 1992 and reconvened on September 1, 1992, to consider the proposal to designate the proposed Redevelopment Project Area under the Act, and the joint review board has filed with the Village Clerk its advisory recom- mendation. with respect to the eligibility of the proposed Redevel- opment Project Area for designation under the Act; and WHEREAS, pursuant to Section 11- 74.4 -5 of the Act, the President and Board of Trustees of the Village caused a public hearing to be held, relative to the approval of the Redevelopment' Plan and the Redevelopment Project, and the designation of the Re- development Project Area, on September 21, 1992 which was ad- journed and recovened on October 5, 1992, at the Village Hall located at 850 Waukegan Road in Deerfield, Illinois; and WHEREAS, due notice with respect to such hearing was given pursuant to Sections 11- 74.4 -5 and 11- 74.4 -6 of the Act, said notice being given to the Illinois Department of Commerce and Community Affairs and to the taxing districts within the proposed Redevelopment Project,Area by certified mail on or before August 8, 1992 and to the taxpayers within the proposed Redevelopment Project Area by certified mail on or before September 11, 1992, and by publication in the "Deerfield Review" on August 27, 1992 and September 10, 1992; and WHEREAS, the Redevelopment Plan sets forth the factors of deterioration and decline in the proposed Redevelopment Project Area which qualify it as a "blighted area" and a "conservation area" pursuant to Sections 11- 74.4 -3(a) and 11- 74.4 -3(b) of the. 3258535 -2- 3 • r 1 r t r ' Act, and the President and Board of Trustees have reviewed the in- formation concerning a blighted area and a conservation area pre- sented at the public hearing and have reviewed other studies and is generally informed of the conditions of a blighted area and -a conservation area in the proposed Redevelopment Project Area as said terms "blighted area" and "conservation area" are used in the Act; and WHEREAS, the President and Board of Trustees have re- viewed the conditions pertaining to the lack of private investment in the proposed Redevelopment Project Area to determine whether private development would take place in the proposed Redevelopment Project Area as a whole without the approval of the proposed Re- development Plan and the proposed Redevelopment Project; and WHEREAS, the President and Board of Trustees have re- viewed the conditions pertaining to the real property in the pro- posed Redevelopment Project Area to determine whether contiguous parcels of real property and improvements thereon in the proposed Redevelopment Project Area would be substantially benefited by the proposed Redevelopment Project improvements; and WHEREAS, the President and Board of Trustees have re- viewed the proposed Redevelopment Plan, the proposed Redevelopment Project and the comprehensive plan for development of the Village as a whole to determine whether the proposed Redevelopment Plan and the proposed Redevelopment Project conform to the comprehen- sive plan of the Village; 3258535 4 -3- ` r . NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF DEERFIELD, ILLINOIS, AS FOLLOWS: Section 1. The President and Board of Trustees of the Village of Deerfield hereby makes the following findings: (a) The area constituting the proposed Redevelopment Project Area in the Village is described as set forth in the attached Exhibit A. (b) The finding of conditions which caused the original Redevelopment Project Area as described in the 1986 Plan to be classified as a "conservation area" as defined in Section 11- 74.4 -3(b) of the Act is hereby reaffirmed and readopted. (c) There exist conditions that cause the properties proposed to be added to the original Redevelopment Project Area to be classified as a "blighted area" as defined in Section 11- 74.4 -3(a) of the Act. These conditions are speci- fied in the Redevelopment Plan. The improved area to be added to the Redevelopment Project Area is within the bound- aries of the proposed Redevelopment Project Area as described in Exhibit A which is located within the territorial limits of the municipality. Because of a combination of 5 or more of the following factors: age; dilapidation; obsolescence; deterioration; illegal use of individual structures; presence of structures below minimum code standards; excessive vacan- cies; overcrowding of structures and community facilities; lack of ventilation, light or sanitary facilities; inadequate utilities; excessive land coverage; deleterious land use or 3258535 -4- layout; depreciation of physical maintenance; lack of commun- ity planning, it is hereby found to be detrimental to the public safety, health, morals or welfare. (d) The proposed Redevelopment Project Area as a whole has not been subject to growth and development through in- vestment by private enterprise, and would not reasonably be anticipated to be developed without the adoption of the pro- posed Redevelopment Plan. (e) The proposed Redevelopment Plan and the proposed Redevelopment Project conform to the comprehensive plan for the development of the Village as a whole. (f) The parcels of real property in the proposed Rede- velopment Project Area are contiguous, and only those con- tiguous parcels of real property and improvements therein which will be substantially benefitted by the proposed Rede- velopment Project improvements are included in the proposed Redevelopment Project Area. (g) The estimated date for final completion of the Re- development Project is October 1, 2009. (h) The estimated date for retirement of obligations incurred to finance Redevelopment Project costs is not later than October 1, 2009. section 2. The Redevelopment Plan and the Redevelopment Project are hereby adopted and approved. A copy of the Redevelop- ment Plan is attached hereto as Exhibit B and made a part hereof by reference thereto. Said Redevelopment Plan describes the Re- development Project. 3258535 �P -5- r ` layout; depreciation of physical maintenance; lack of commun- ity planning, it is hereby found to be detrimental to the public safety, health, morals or welfare. (d) The proposed Redevelopment Project Area as a whole has not been subject to growth and development through in- vestment by private enterprise, and would not reasonably be anticipated to be developed without the adoption of the pro- posed Redevelopment Plan. (e) The proposed Redevelopment Plan and the proposed Redevelopment Project conform to the comprehensive plan for the development of the Village as a whole. (f) The parcels of real property in the proposed Rede- velopment Project Area are contiguous, and only those con- tiguous parcels of real property and improvements therein which will be substantially benefitted by the proposed Rede- velopment Project improvements are included in the proposed Redevelopment Project Area. (g) The estimated date for final completion of the Re- development Project is October 1, 2009. (h) The estimated date for retirement of obligations incurred to finance Redevelopment Project costs is not later than October 1, 2009. section 2. The Redevelopment Plan and the Redevelopment Project are hereby adopted and approved. A copy of the Redevelop- ment Plan is attached hereto as Exhibit B and made a part hereof by reference thereto. Said Redevelopment Plan describes the Re- development Project. 3258535 �P -5- Section 3. The Village Clerk be and is hereby directed to publish this ordinance in pamphlet form and to file a certified copy of this ordinance with the County Clerk of Lake County. Section 4. This ordinance shall become effective in the manner provided by law. Adopted and approved this 7th day of by roll call vote as follows: December , 1992, Ayes: Ehlers, Marovitz, Rosenthal, Seidman, Swanson (5) Nays: None (0) Absent: Swartz (1) Approved: President (SEAL) Attest: • �•_ . MClerkf -•- _ Published in pamphlet form this 7th day of December , 1992. VilLAT4e - 4S7 3258535_ 1 CERTIFICATE I, Robert D. Franz, Village Clerk of the Village of Deerfield, Illinois hereby certify that the foregoing ordinance is a true copy of an ordinance entitled "An Ordinance Adopting and Approving a Tax Increment Redevelopment Plan and a Tax Increment Redevelopment Project for the Village of Deerfield, Illinois ", 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 Dec_mh_r 7 , 1992, at the Village Hall and at which a quorum was present and acting throughout, and that said copy,has been com- pared 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 7th day of December , 1992. ( SEAL) dw WIMige Clerk 3258535 15 -7- EXHIBIT A The boundaries of the Area are legally described as: That part of the southwest 1 of Section 28, the southeast 1 of Section 29, the northeast 1 of Section 32 and the northwest I 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. Yon 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 I, 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 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 3258535 y west a distance of 2)).22' more or less; thence northwest of aforesaid line 105° 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 centerline 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. LEGAL 3258535 80UTH ADDITION TO VILLAGE CENTER T.I.P. DISTRICT That part of the northwest and southwest quarters of Section 33 and the northeast quarter of section 32, Township 43 North, Range 120 East of the third principal meridian described as follows: Commencing at a point of intersection of the east right -of -way line of Waukegan Road and a point directly east of the northeast corner (abuts Waukegan Road) of Lot 19, Owner's First Addition to Deerfield, Recorded September 25, 191S as Document 161061; thence west to aforementioned corner and continuing due west a distance of 277.22' more or less; thence northwest of aforesaid line 105' 22' 23" a distance of 51.881; thence northerly to the southeast corner of Lot 1, Woodman's Resubdivision; thence westerly to the soutbvest corner of Lot 3, Katty's Resubdivision; thence soutb along the vest property line of said Lot 3 if extended a distance of 10.30'; thence south 23' B a distance of 356.9S' to a point vbicb is 30S' easterly of the center line of the right -of -vay of the Chicago, Milwaukee, 8t. Paul and Facifio 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 if extended of the easterly section of Central Avenue; thence due vest to the southwest right-of-way line of said railway; thence southeasterly along said right -of -way to a point directly vest of the north right -of -way line of Kates Road; thence east along *said right -of -way to the center line of Waukegan Road; thence southeasterly along said center line a, distance of 280 feet; thence easterly along a line perpendicular to the northeast right -of -vay line of Waukegan Road; thence northwesterly along said right -of -way to the point of beginning,, all in the Village of Deerfield, County of Lake. State of 7llinoi4. /Q EXHIBIT B PROPOSED REDEVELOPMENT PLAN VILLAGE CENTER PROJECT AREA SEPTEMBER 1992 VILLAGE OF DEERFIELD 3258535 1/ 'INTRODUCTION The Village Center in Deerfield, a six block area located in the heart of the community, exhibits many of the typical problems common to aging commercial districts throughout the United States. Diverse ownership of inadequately sized and ill- arranged parcels have resulted in incompatible development, causing both visual and functional problems. The vacancy of the 52 acre Sara Lee Bakery facility, directly south of the Village Center, has intensified the need for a coordinated redevelopment plan in this area. In 1978, the Village of Deerfield acted on the need to revitalize its central business district by establishing the Village Center Development Commission (VCDC). The VCDC was appointed with the objective of enhancing and promoting viability of the Village Center. The commitment for downtown revitalization was reinforced by Deerfield's Comprehensive Plan, adopted February 19, 1979. The Comprehensive Plan cited the Village Center as a primary location for redevelopment. In 1992, the The Village Center Development Commission has focused its attention on the following major issues: Traffic and Access The limited capacity of the present roadway system, the number and location of points of access to private property, and a confusing pattern of private signage all serve to reduce the efficient flow of traffic. Parkin There is a significant need to better coordinate existing parking that could be integrated with a pedestrian traffic system. Public Infrastructure The age and capacity of the existing roadway and utility systems within the Village Center serve to limit the type and amount of additional development possible in the area. Improving the storm and sanitary system in the Village Center is consistent with efforts to improve storm water management throughout the community. Appearance Guidelines for development within the Village Center and the preservation of open areas are needed. Building heights, densities, site lines, landscaping and buffering plans need to ,be established and incorporated into the appropriate Village codes. Strengthen Retail Core The current and future strength of the Village Center is the basic retail operations in that area. Efforts must be made to reinforce existing businesses by adding new retail, office and multi -family development to the area. 3258535 101 ` , REDEVELOPMENT AREA DESCRIPTION The Deerfield Center Redevelopment Project Area is shown on Map 1. With the exception of the South Addition, the boundaries are coterminous with the existing boundaries of the Village Center. The 140 acre Redevelopment District is divided into six sections, which are known as Northwest, Northeast, Southeast, Southwest, Tracks -West, and South Addition. . Northwest The Northwest section consists of a 22 acre area bounded by Waukegan Road on the east, Deerfield Road on the south, the railroad on the west and Hazel Avenue on the north. This area is made up of a mix of retail stores, local government buildings, recreational facilities, commuter parking and residential units. Northeast The Northeast section is a.6 acre area bounded by Waukegan Road on the west, Orchard Street on the north, the commercial zoning district boundary on the east, and Deerfield Road on the south. The Northeast section consists of a mix of retail stores, food services and banking facilities. Southeast The Southeast section consists of 6 acres and is bounded by Waukegan Road on the west, Deerfield Road on the north, the commercial zoning district boundary on the east and Longfellow Avenue on the south. Southwest The Southwest section, 38 acres, is bounded by the railroad on the west, Deerfield Road on the north, Waukegan Road on the east and Sara Lee's northern boundary line on the south. The Southwest section contains a mix of retail, commercial and industrial uses, United States postal facilities, senior citizen housing and other residential units. Tracks -West The 13 acre Tracks -West section is bounded by Hazel Avenue on the north, the railroad on the east, Central Avenue on the south, and the center line of Chestnut Street and Elm Street on the west. This section includes the commuter train station and parking facilities. South Addition The South Addition section is a 52 acre area bounded by the railroad on the west. Kates Road on the south. Waukegan Road on the east and the northern public street and railroad rights -of -way. 3258535 2 13 COMPREHENSIVE PLAN OBJECTIVES In 1979, the Village adopted the Comprehensive Plan which established the following objectives for the Village Center: 1. Develop a general, conceptual plan for site planning, pedestrian and vehicular circulation, land use and parking within the Village Center, which provides the owners and developers with general guidelines within which to develop, redevelop or improve their properties. 2. Develop a plan for signage, greenery, lighting, street furniture, paving, color and other aesthetic considerations within the Village Center and encourage its use by owners and businessmen within the area. 3. Actively work on the implementation of the plan for Access Avenue, which will reduce the traffic flow through the Deerfield- Waukegan Roads intersection, facilitate traffic flow into and out of the Village Center, and increase the shopping /business potential of the Village Center. 4. Improve Village -owned property, as needed, in a manner consistent with the above plans. 5. Actively work with the businessmen and landowners to, coordinate existing parking and circulation in the Village Center and in the planning and financing of additional parking as needed in appropriate locations. 6. Encourage mixed uses which will maximize the utilization of the Village Center at different times of the day and week. 7. Cooperate with businessmen and landowners to provide vehicular and pedestrian access between as many properties as possible. 8. Carefully control development and redevelopment along the boundaries of the Village Center to protect both the Village Center and adjacent properties. 9. Encourage the use of. the planned development concept to facilitate achievement of the above. REDEVELOPMENT PLAN OBJECTIVES Pursuant to the Comprehensive Plan and consistent with the goals and policies of the Village Center Development Commission, the following objectives are established to guide redevelopment within the Village Center Project Area: 1. Encourage development of vacant and under - utilized properties. 2. Reduce and /or eliminate blighting conditions. 3258535 /4 3 3. Strengthen the tax base by reinforcing existing businesses, and encouraging new private investment in commercial and residential development. 4. Improve the overall Village Center appearance by implementing the newly adopted Appearance Code. 5. Enhance the overall quality of the Village of Deerfield by creating an "identity" within the Village Center as the focal point of the community. 6. Develop a comprehensive parking plan that integrates the various areas and diverse uses within the Redevelopment Area. 7. Provide an urban streetscape that establishes a unified image of the Village Center, while facilitating a pedestrian access to each section of the Redevelopment Area. PROJECT AREA ELIGIBILITY As required by Illinois State Statutes, municipalities must adhere to certain regulations in establishing a redevelopment project area, which is defined as: "An area designated by the municipality which is not less in the aggregate than 1 1/2 acres and in respect to which the municipality has made a finding that there exist conditions which cause the area to be classified as an industrial park conservation area or as a blighted area or a conservation area, or a combination of both blighted areas and conservation areas." The Illinois State Statutes further define "conservation area" as: "any improved area within the boundaries of a redevelopment project area located within the territorial limits of the municipality in which 50% or more of the structures in the area have an age of 35 years or more. Such an area is not yet a blighted area but because of a combination of 3 or more of the following factors: dilapidation; obsolescence; deterioration; illegal use of individual structures; presence of structures below minimum code standards; abandonment; excessive vacancies; overcrowding of structures and community facilities; lack of ventilation, light or sanitary facilities; inadequate utilities; excessive land coverage; deleterious land use or layout; depreciation of physical maintenance; lack of community planning; is detrimental to the public safety, health, morals or welfare and such an area may become a blighted area." The 1986 survey of properties within the Redevelopment Area demonstrates the existence of the following factors, as defined in Appendix A: AGE 60 of the 110, or 54.5 %, of the structures within the Redevelopment Area are 35 years old or older. 3258535 IS 4 DILAPIDATION 9 of the 110, or 8.2 %, of the various structures within the Redevelopment Area exhibit various degrees of dilapidation. OBSOLESCENCE 27 of the 110, or 24.5 %, of the structures within the Redevelopment Area were found to be obsolete. DETERIORATION 47 of the 110, or 42.7 %, of the structures within the Redevelopment Area exhibit various degrees of deterioration. ILLEGAL USE OF STRUCTURE 5 of the 110, or 4.5 %, of the structures within the Redevelopment Area contain non- conforming uses. BELOW CODE OF STANDARDS 93 of the 110, or 84.5 %, of the structures within the Redevelopment Area were found to be below minimum code standards. EXCESSIVE VACANCIES 1 of the 110, or 0.9 %, of the structures within the Redevelopment Area were found to be vacant. OVERCROWDING OF STRUCTURE 3 of the 110, or 2.7 %, of the structures within the Redevelopment Area exhibit some degree of overcrowding. INADEQUATE UTILITIES 1 of the 110, or 0.9 %, of the structures within the Redevelopment Area exhibited the above mentioned characteristics. DEPRECIATION OF PHYSICAL MAINTENANCE 22 of the 110, or 20.0 %, of the structures within 'the Redevelopment Area appear to lack an on -going maintenance program. DELETERIOUS LAND USE OR LAYOUT 62 of the 178, or 34.8 %, of the parcels within the Redevelopment Area are poorly used or poorly configured. 3`'58535 tG W 'EXCESSIVE LAND. COVERAGE 34 of the. 110, or 30.9 %, of the applicable parcels within the Redevelopment Area exceed permissible land coverage. LACK OF COMMUNITY PLANNING 84 of the 178, or 47.2 %, of the parcels within the Redevelopment Area demonstrate a lack of community planning. Most of the parcels were established and developed prior to the adoption of the Village's first Comprehensive Plan in 1957. The properties in the South Addition section of the Redevelopment Area exhibit dilapidation, obsolescence, deterioration, structures below minimum code standards, excessive vacancies and depreciation of physical maintenance. The presence of asbestos, as well as out -dated processing and storage equipment limit the opportunities for reoccupancy and /or redevelopment. AGE 55 of the 103, or 53.4 %. of the structures within the Redevelopment Area are 35 ,years old or older. DILAPIDATION 7 of the 103, or 6.8 %. of the various structures within the Redevelopment Area exhibit various degrees of dilapidation. OBSOLESCENCE 26 of the 103, or 25.27o. of the structures within the Redevelopment Area were found to be obsolete. DETERIORATION 39 of the 103, or 37.9 %. of the structures within the Redevelopment Area exhibit various degrees of deterioration. ILLEGAL USE OF STRUCTURE 5 of the 103, or 4.9 %. of the structures within the Redevelopment Area contain non_ - conforming _uses. BELOW CODE OF STANDARDS 85 of the 103, or 82.5 %, of the structures within the Redevelopment Area were found to be below minimum code standards. 3258535 /7 6 EXCESSIVE VACANCIES 6 of the 103, or 5.8 %. of the structures within the Redevelopment Area were found to be vacant. OVERCROWDING OF STRUCTURE 3 of the 103, or 2.9 %. of the structures within the Redevelopment Area exhibit some degree of overcrowding. INADEQUATE UTILITIES ' 4 of the 103, or 3.9 %. of the structures within the Redevelopment Area exhibited the above mentioned characteristics. DEPRECIATION OF PHYSICAL MAINTENANCE 22 of the 103, or 21.4 %. of the structures within the Redevelopment Area appear to lack an on -going maintenance program. DELETERIOUS LAND USE OR LAYOUT 41 of the 171, or 23.9 %. of the parcels within the Redevelopment Area are poorly used or poorly configured. EXCESSIVE LAND COVERAGE 38 of the 103, or 36.9 %. of the applicable parcels within the Redevelopment Area exceed permissible land coverage. LACK OF COMMUNITY PLANNING 65 of the 171, or 38.0 %. of the parcels within the Redevelopment Area demonstrate a lack of community planning. Most of the parcels were established and developed prior to the adoption of the Village's first Comprehensive Plan in 1957, REDEVELOPMENT PLAN Pursuant to the foregoing objectives, the Village of Deerfield will implement a coordinated program of actions to upgrade the overall quality and economic vitality of the Project Area. The primary thrust of these actions will be to facilitate the assembly of land into sites of sufficient size and configuration to permit modern commercial development in a manner that reinforces the entire Project Area. The necessary actions will include, but not be limited to, land acquisition and clearance, relocation of existing businesses, disposition of sites for development, and construction of the following public improvements. Road Projects 1. Southwest Section 3258535 /8 7 • a. Widen Osterman Avenue from Waukegan Road to Elm Street. b. Widen Central Avenue from Waukegan Road to Waverly Court. C. Relocate and /or improve Waverly Court from Central Avenue to Osterman Avenue. d. Access Avenue improvement .... realignment of Petersen /Hoffman and Deerfield Road intersection. e. Install left hand turn lane for northbound Waukegan Road traffic turning west on Osterman Avenue. 2. Southeast Section Extend Rosemary Terrace across Deerfield Road to connect with a private drive or Whittier Avenue. 3. Northeast Section Install an interior road to resolve access and parking problems within the quadrant. 4. Northwest Section a. Extend Journal Place to the rear of the Library (one -way, northbound movement). b. Access Avenue improvement .... realignment of Petersen /Hoffman and Deerfield Road intersection and improvements to Park Avenue. 5. Intersection of Waukegan and Deerfield Roads Construct right -hand turn lanes for traffic moving each direction. 6. South Addition Section a. Install an interior road to facilitate access and narking, and to provide a connection of Osterman or Central Avenues with Kates Road. b. Construct a left -hand turn lane for northbound Waukegan Road traffic turning, west on Kates Road. C. Lengthen left -hand turn lane for eastbound Kates Road traffic d. Construct a new intersection with Waukegan Road at a point somewhere between Central Avenue and Kates Road. e. Construct access tunnel under railroad for vehicular access to Public Works /Park District Facilitv and pedestrian access to Bric4ards Park. Storm and Sanitary Sewer Replacement and Upgrading 1. Southwest Section a. Osterman Avenue from Waukegan Road to - Elm Street. 8 3258535 R a b. Central Avenue from Waukegan Road to Waverly Court. C. Waverly Court from Central Avenue to Osterman Avenue. 2. South Addition a. Upgrade existing ganitary and storm sewers in area. b. Construct new utilities to serve redevelopment, if necessary New Curbs, Sidewalks and Street Lighting - Throughout Redevelopment Area a. New sidewalks with a minimum width of ten feet; light poles and fire hydrants set back beyond the inner edge of the sidewalk. b. Update the street lighting system. C. Relocate overhead utility lines underground. d. Streetscape amenities. Parking_ Improvements - Throughout the Redevelopment Area Construction of off - street public parking facilities, including decked and underground structures. Other Improvements - Throughout the Redevelopment Area a. Building facade rehabilitation. b. Railroad commuter station and parking improvements. C. Planters with upright, columnar trees. d. Bicycle parking racks. e. Relocate Deerfield Road bus stop, either off Deerfield or Waukegan Road, using a separate traffic lane. f. Space fire hydrants according to current standards for maximum effectiveness. g. Improvements to public buildings, including the Senior Center, Post Office, Library and Village Hall. h. Demolition of obsolete structures. i. Miscellaneous street furniture. }� Construct public safety facilities (fire station and/or police station. k. Construct pedestrian and bicycle paths. 1. Integrate or facilitate connections to railroad and transportation systems of the future. M. Construction and improvement of public park areas. n. Installation of Opticom or other traffic signal coordination s sy tem. o. Improvements at the Deerfield Cemetery. The Village may determine that some of the foregoing improvements are not needed, or may add additional public improvements, provided they are within the overall budget of the Redevelopment Plan. REHABILITATION FUND A Rehabilitation (and Parking) Revolving Fund may be established to provide money at reduced interest rates for property owners in the Project Area Owners would be q 3258535 A • able to qualify for loans to make code - related improvements (and to acquire and improve off - street parking facilities). LAND USE PLAN Map 2 shows existing land uses. Map 3 designates proposed generaf land uses in the Redevelopment Project Area. All redevelopment projects may be amended from time to time, and are subject to provisions of the Deerfield Zoning Ordinance and other applicable codes. ESTIMATED REDEVELOPMENT PROJECT COSTS The Illinois State Statutes define redevelopment project costs as "...the sum total of all reasonable or necessary costs incurred or estimated to be incurred, and any such costs incidental to a redevelopment plan and project. Such costs may include, without limitation, the following: 1. Costs of studies and surveys, development of plans and specifications, implementation and administration of the redevelopment plan, including but not limited to staff and professional service costs for architectural, engineering, legal, marketing, financial, planning or other special services, provided however that no charges for professional services may be based on a percentage of the tax increment collected; 2. Property assembly costs, including but not limited to acquisition of land and other property, real or personal or rights or interests therein, demolition of buildings, and the clearing and grading of land; 3. Costs of rehabilitation, reconstruction, repair or remodeling of existing buildings and fixtures; 4. Costs of construction of public works or improvements; 5. Financing costs, including but not limited to all necessary and incidental expenses related to the issuance of obligations and which may include payment of interest on any obligations issued hereunder accruing during the estimated period of construction of any redevelopment project for which such obligations are issued and for not exceeding 36 months thereafter and including reasonable reserves related thereto; 6. All or a portion of a taxing district's capital costs resulting from the redevelopment project necessarily incurred or to be incurred in furtherance of the objectives of the redevelopment plan and project, to the extent the municipality by written agreement accepts and approves such costs; 7. Relocation costs to the extent that the Village determines that relocation costs shall be paid or is required to make payment of relocation costs by federal or state law..." 8. Interest cost incurred by a redeveloper related to the construction, 10 3258535 a1 renovation or rehabilitation of a redevelopment project, provided that: A) such costs are to be paid directly from the special tax allocation fund established pursuant to the Act; and B) .such payments in any one year may not exceed 30% of the annual interest costs incurred by the redeveloper with regard to the redevelopment project during that year; C) if there are not sufficient funds available in the special tax allocation fund to make the payment pursuant to this paragraph, then the amounts so due shall accrue and be payable when sufficient funds are available in the special tax allocation fund; and D) the total of such interest payments incurred pursuant to the Act may not exceed 30% of the total redevelopment project costs excluding any property assembly costs and any relocation costs incurred pursuant to the Act. Estimated redevelopment project costs are attached. NATURE AND TERM OF OBLIGATIONS TO BE ISSUED The financial plan of the Redevelopment Program is intended to establish a very conservative public expenditure approach. Revenues will be accumulated in the special tax allocation fund to pay for public purpose expenditures identified. in this redevelopment plan primarily on a cash -on -hand basis. This method of financing shall not preclude the Village from undertaking initiatives designed to stimulate appropriate private investment in the Project Area. Certain redevelopment projects may be of such a scale or on such a time -table as to preclude financing on a_ cash -on -hand basis. These projects may be funded by the use of tax increment revenue obligations issued pursuant to the Act for a term not to exceed twenty years. Consistent with the conservative nature of the financial plan for this Redevelopment Program, the highest priority for the issuance of tax increment revenue obligations shall occur when the commitment is in place for private sector investment necessary to fund the amortization of such obligations. All obligations are to be covered after issuance by projected and actual tax increment revenues and by such debt service reserves and sinking funds as . may be provided by ordinance. Revenues not required for the retirement of obligations providing for reserves, sinking funds and anticipated redevelopment project costs may be declared surplus and become available for distribution annually to the taxing districts in the redevelopment project area as provided by law. One or more issues of obligations may be sold at one or more times in order to implement the plan, as now or hereafter amended, in accordance with law. The municipality may, by ordinance; in addition to obligations secured by the special tax allocation fund provided by law, pledge for a period not greater than the term of the obligations any'part of any combination of the following: Net Revenues of all or part of the redevelopment project; Taxes levied and collected on any or all property in the municipality; The full faith and credit of the municipality; 3258535 �� 0? 01 • A mortgage on part or all of the redevelopment project; to the extent perm-itted by law; Any other taxes or anticipated receipts that the municipality may lawfully pledge. If such obligations are secured by the full faith and credit of the municipality, the ordinance authorizing the obligations may provide for the levy and collection of a direct annual tax upon all taxable property within the municipality in the Village sufficient to pay the principal and interest on the obligations as they mature. Such levy may be in addition to and exclusive of the maximum of all other taxes authorized to be levied by the municipality, which levy, however, shall be abated to the extent that monies from other sources are available for payment of the obligations, as certified by the Village. SOURCE OF FUNDS Funds necessary to pay redevelopment project costs will be derived from a number of authorized local sources. These include, but are not limited to: Property tax increment revenues from the project area; The State's portion and the Village's portion of sales tax increments from the project area; Tax revenues resulting from establishment of any Special Services district within the Redevelopment Project Area; The Village's general revenue fund; Motor fuel ' tax; Interest earned on temporary investments; Receipts of any municipal revolving fund for parking improvements; Gifts, grants and contributions; Sale or lease of land proceeds; User fees. There may be other local sources of revenue that the Village determines are appropriate to allocate to the payment of redevelopment project costs. The Village will also explore the availability of funds from state, federal or other governmental programs to assist in financing the project costs. In the event that adequate funds are not available from the aforementioned sources, the Village may use its general funds and utilize its taxing power to sustain the projects and repay obligations issued in connection therewith, to be reimbursed, if possible, from tax increment financing. 3258333 013 12 ' ASSESSED VALUATIONS The most recent equalized assessed valuation (1985) for the Redevelopment Project Area is $9,896,435. The projected assessed valuation after redevelopment is estimated to be $15,175,380. Attached are lists of both current and projected assessed valuations by sections of the project area. The most recent equalized assessed valuation (1991) for the South Addition to the Redevelopment Project Area is 53.439.565. The oroiected assessed valuation of the South Addition after PHASING PLAN All projects identified in the Redevelopment Program have been determined to be in high priority for the elimination of blighting influences and the stimulation of economic vitality in the Village Center Redevelopment Project Area. Nonetheless, to establish the relative importance between the projects and their geographic locations, a series of program phases have been presented in Map 4. This type of phased implementation strategy will also allow a maximized program efficiency by taking advantage of previous and current redevelopment actions. The basic thrust of the implementation strategy is first to reinforce the "Core Area" around the intersection of Deerfield and Waukegan Roads. Consistent with the Village's long standing policies, this reinforcement is judged important to the re- establishment of the "regional draw" of the Project Area. As the "Core Area" is strengthened, redevelopment resources will then be concentrated in an ever - expanding radius outward from that area. The project costs are budgeted amounts only, based upon the best available estimates at the time of the adoption of the Redevelopment Program. As alternative proposals from private developers are entertained by the Village, the budget estimates may have to be revised. If inadequate private development interest materializes, it will be impossible to complete the total Redevelopment Program. Because the program is to be implemented on a phased basis, the Village will not incur bonded indebtedness for implementation when, in their judgment, there will be inadequate project revenues available to cover such obligations. In the normal course of events, it is anticipated the first two phases will take approximately five (5) to six (6) years to implement. However, two important factors Will affect program implementation. The Village places high priority on projects that leverage private investment. Second priority is placed on projects that can avail themselves of otherwise untapped sources of governmental or institutional money in a manner that will result in a net positive benefit to the whole community. The creation of redevelopment opportunities that contain a healthy influence from one or both of these factors may shift project phasing. The Village reserves the right to make such shifts to take advantage of additional investment dollars if the resulting projects are within the purpose and objectives of the Redevelopment Program. The maximum time period for the completion of the Redevelopment Program and retirement of obligations incurred to finance redevelopment project costs will be twenty - three. (23) years. 3258535 R4 13 COMPLETION DATE The estimated date for completion of the Redevelopment Project is no later than October 1, 2009. The project may be completed sooner, depending on the incremental tax yield. 3258535 as 14 • 'APPENDIX A The foregoing findings and conclusions are based upon key types of deficiencies in the physical condition of an area, the presence of which can be indicative of a "conservation area" or a 'blighted area ", as provided for in the Illinois Real Property Tax Increment Allocation Redevelopment Act. The definitions utilized for consistent interpretation of these deficiencies are as follows: AGE The age of buildings is so advanced as to affect their condition, adaptability to modern use or real estate value. As provided by State Statute, such buildings must be at least 35 years old. DILAPIDATION The advanced state of deterioration which seriously impairs the continued safe use of the building, as evidenced by substandard structural conditions. OBSOLESCENCE The condition of being or rapidly becoming outmoded for uses for which the building or facility was originally designed. DETERIORATION The process of basically sound buildings becoming worse in quality due to age, misuse or neglect, as determined visually be deficiencies in the building's structural components and /or building systems. ILLEGAL USE The presence of uses of activities on the property which are not permitted by law. STRUCTURES BELOW MINIMUM CODE Structures which do not meet the standards of zoning, subdivision, building, housing, fire or other governmental codes applicable to the property. EXCESSIVE VACANCIES OR ABANDONMENT The presence of buildings or sites which are unoccupied or unutilized and which represent an adverse influence on the area because of their vacant condition. Abandoned properties are those which evidence no apparent effort directed toward their occupancy or utilization. OVERCROWDING OF STRUCTURES AND COMMUNITY FACILITIES Utilization of public or private buildings, facilities or properties beyond their reasonable or legally permitted capacity. 3258535 1b. 15 MADEOUATE UTILITIES Deficiencies in the capacity or condition of infrastructure which services a property or area, in sewers, water supply, storm drainage, electrical power, streets, and so forth. DEPRECIATION OF PHYSICAL MAINTENANCE Lack of normal property maintenance which contributes to the deterioration of buildings, the unsightliness of properties, attractive nuisances, hazards to health and safety, devaluation of real estate and undesirability of an area. DELETERIOUS LAND USE OR LAYOUT Conditions which have a harmful effect over time, including obsolete or irregular layout of parcels, inappropriate use of land and other blighting influences not otherwise covered which deter investment in property, maintenance, development or redevelopment. EXCESSIVE LAND COVERAGE The over - intensive use of property and the crowding of buildings and accessory facilities onto a site. LACK OF COMMUNITY PLANNING The lack of historical evidence of an effective planning program directed toward maintaining or enhancing the social, economic and physical viability of an area as a beneficial component of the community. 3258531$ 16 EXHIBIT The boundaries of the Area are legally described as: That part of the southwest } of Section 28,. the southeast I of Section 29, the northeast 1 of Section 32 and the northwest } 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. Yon 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 Subdivisi.on; 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 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 3258535 A9 west a distance of 277.22' more or less; thence northwest of aforesaid line 105° 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 2301 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. LEGAL SOUTH ADDITION TO VILLAGE CENTER T.I.F. DISTRICT That part of the northwest and southwest quarters of Section 33 and the northeast quarter of section 320 Township 43 North, Range 12, East of the third principal meridian described as follows: Commencing at a point of intersection of the east right -of -way line of Waukegan Road and a point directly east of the northeast corner (abuts Waukegan Road) of Lot 19, Owner's First Addition to Deerfield, Recorded September 25, 1915 as Document 161061; thence west to aforementioned corner and continuing due west a distance of 277.22' more or less; thence northwest of aforesaid line 1050 22' 23" a distance of $1.8811; thence northerly to the southeast corner of Lot 1, Woodman's Resubdivision; thence westerly to the southwest corner of Lot 3, Hatty's Resubdivision; thence south along the west property line of said Lot 3 if extended a distance of 10.300'; 'thence south 23' E 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 3001; 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 if extended of the easterly section of Central Avenue; thence due west to the southwest right -of -way line of said railway; thence southeasterly along said right -of -way to a point directly west of the north right -of -way line of Rates Road; thence east along said right -of -way to the center line of Waukegan Road; thence southeasterly along said center line a distance of 28.0 feet; thence easterly along a line perpendicular to the northeast right -of -way line of Waukegan Road; thence northwesterly along said right -of -way to the point of beginning, all in the Village of Deerfield, County of Lake, state of Illinois. 3258535 .30 1- N 1 /lilt. 111111 •�. 111111 1111'111 ♦.,,,,, I 111111 i Illllh. 11111'if I'lll. MIAMI. I� LEGEND SYMBOL qST. PERMITTED USES = �__ p.l SINGLE FAMILY DISTRICT __ O[ 1.a1I.lC..i1/ Y• Kt11f0111 a1/ _ _ R.2 SINGLE FAMILY DISTRICT = =� . IF CENTRAL A LEGEND SYMBOL -MaP 3 PERMITTED USES R•1 SINGLE FAMILY DISTRICT LM R-2 ? 0 LAND USE PLAN SINGLE FAMILY DISTRICT R•4 JEWETT Village Center PARK APP T Si 1 4 c-i ..".off v,.m C•2 Tax Increment District C-3 LIMITED COMMERCIAL OFFICE 1 1.1 OFFICE, RESEARCH. RESTRICT. INDUSTRY t. =.... 1-2 LIMITED INDUSTRIAL .". - - ... — . IF CENTRAL A LEGEND SYMBOL -MaP 3 PERMITTED USES R•1 SINGLE FAMILY DISTRICT LM R-2 SINGLE FAMLy DISTRICT LAND USE PLAN SINGLE FAMILY DISTRICT R•4 SINGLE Ik TWO FAMILY -"I— "ga Village Center R-5 GENERAL RESIDENCE c-i ..".off v,.m C•2 Tax Increment District . IF CENTRAL A See Comprehensive Plan 109 ADM. OLM KIPLING SCHOOL 1 Mu-JILU" -_ ZE n � IC L P1 PUBLIC LA ND$ o"fts."S.- WLX J LAKE-COOK ROAD D 3258335 -312 LEGEND SYMBOL DIST. PERMITTED USES R•1 SINGLE FAMILY DISTRICT LM R-2 SINGLE FAMLy DISTRICT R•3 SINGLE FAMILY DISTRICT R•4 SINGLE Ik TWO FAMILY -"I— "ga R-5 GENERAL RESIDENCE c-i VILLAGE CENTER C•2 OUTLYING COMMERCIAL 6. lo—, C-3 LIMITED COMMERCIAL OFFICE 1 1.1 OFFICE, RESEARCH. RESTRICT. INDUSTRY t. =.... 1-2 LIMITED INDUSTRIAL .". - - ... — See Comprehensive Plan 109 ADM. OLM KIPLING SCHOOL 1 Mu-JILU" -_ ZE n � IC L P1 PUBLIC LA ND$ o"fts."S.- WLX J LAKE-COOK ROAD D 3258335 -312 VILLAGE CENTER REDELVOPMENT PLAN OVERLAPPING TAXING BODIES' SECTION SUMMARY EQUALIZED ASSESSED VALUATION (E.A.V.) E.A.V. OF % INCREMENT MOST RECENT INCREMENT DISTRICT DISTRICT OF TAXING BODY E.A.V. (1986) WITHIN TAXING BODY (1986) PROJECTED $281.310.646 NUMBER OF 3.516% SECTION TOTAL E.A.V. TOTAL E.A.V. ACREAGE PARCELS 3.761.614.702 NORTHEAST 11.106.768 $1.199.072 8.091 23 3.969% NORTHWEST 31.741.369 $2.249.167 21.723 44 229.265.659 SOUTHEAST 31.410,490 $2.423.757 6.262 21 3.395% SOUTHWEST $5.634.224 $9.299.831 37.698 85 449.829.683 TRACKS -WEST $4.664 $4,664 12.774 6 0.219% TOTALS 69.696.436 816.176.380 84.649 178 Waassssasssasss sssssasasxssss ssasssss ssasss=$ VI ot NOTE: PROJECTED VALUES ARE EXPRESSED IN 1986 DOLLARS VILLAGE CENTER - TIF OVERLAPPING TAXING BODIES' EQUALIZED ASSESSED VALUATION (E.A.V.) E.A.V. OF % INCREMENT TAXING BODIES' INCREMENT DISTRICT DISTRICT OF TAXING BODY E.A.V. (1986) WITHIN TAXING BODY TAXING BODY SCHOOL DISTRICT 0109 $281.310.646 69.696.435 3.516% HIGH SCHOOL DISTRICT 0113 . 830.069.438 9.896.435 1.192% JUNIOR COLLEGE DISTRICT 0632 . 3.761.614.702 9.896.435 0.263% VILLAGE OF DEERFIELD 249.350.557 9.896.435 3.969% DEERFIELD PUBLIC LIBRARY 249.360.667 9.896.435 3.969% DEERFIELD PARK DISTRICT 229.265.659 9.696.435 4.317% OEERFIELD- BANNOCKBURN FIRE• PROTECTION DISTRICT 291.496.668 •9.896.435 3.395% HIGHLAND PARK MOSQUITO ABATEMENT DISTRICT 768.024.329 9.896.435 1.289% WEST DEERFIELD TOWNSHIP 449.829.683 9.896.435 2.200% LAKE COUNTY FOREST PRESERVE 4.521.788.566 9.896.435 0.219% LAKE COUNTY 4.621.788.666 9.898.436 0.219% r VILLAGE CENTER - TIF AMFNEMENT OVERLAPPING TAXING BODIES' EQUALIZED ASSESSED VALUATION (E.A.V.) TAXING BODY SCHOOL DISTRICT #109 HIGH SCHOOL DISTRICT' #113 . . JUNIOR COLLEGE DISTRICT #532 VILLAGE OF DEERFIELD . . DEERFIELD PUBLIC LIBRARY . . . DEERFIELD PARK DISTRICT DEERFIELD- BANNOQCBURN FIRE PROTECTION DISTRICT . SOUTHLATE MOSQUITO ABAT31M DISTRICT WEST DEERFIELD TOWNSHIP . LAKE COUNTY FOREST PRESERVE . . LAKE COUNTY . Ca N cn w Co W C1.1 1991 E.A.V. OF NEW IM04E JT DISTRICT' % INC UM" TAXING BODIES' WITHIN TAXING BODY DISTRICT OF E.A.V. (1991) (SARA LEE) TAXING BODY $602,445,081 $3,439,565 0.571% 1,696,541,542 3,439,565 0.203 %, 9,101,002,406 3,439,565 0.038% 522,438,968 3,439,565 0.658% 522,438,968 3,439,565 0.658% 488,868,648 3,439,565 0.704% 593,345,527 3,439,565 0.580% 1,548,081,045 3,439,565 0.222% 1,051,693,203 3,439,565 0.327% 9,689,471,334 3,439,565 0.035% 9,689,471,334 3,439,565 0.035% e VIb1AGE G-ATER IlI'vEW10PMETT PLAN lrETIMATII PR!UIrr IMI ROVE)MET'I COSTS SECf10N IMI'ROt'FMINI' ROADS: NORMWEST NORINFAST SOU7HFAST SOlI17 *'EST SOUTH 7RAIXSAEST ACCESS AVENUE ADDITION TOTAL CENTRAL AVENUE INTERSECTION- DEE FIELD & WAUKEGAN $130,000 0 f0 0 f0 $385,000 $0 ROADS INTERIOR ROADWAY 27,000 27,000 0 27,000 286,000 $0 0 0 JOURNAL PLACE 0 180,000 0 27,000 0 0 OS71EW AVENUE 150,000 0 p 0 500,000 EM ROSARY TERRACE 0 0 0 0 00 0 R'AVERIY STREET 0 0 233,000 338,000 0 0 TURN I NG LANES 0 0 0 0 0 0 ACCESS njJ' F], UNDER RR TO PUBLIC 1NORI(S/PAtX 0 0 50,000 166,000 5p�ppp 0 0 SUBTOTAL 0 0 0 0 0 250,000 0 1,000,000 STORM & SANITARY SEWERS: 307,000 207,000 310,000 1,252,000 0 1,750,000 ADJACENT CENTRAL AVENUE $3,826,0( ADJAC EMr OSTERMAE( AVENUE 0 0 0 ADJACENT WAVE72LY S7REgr 0 0 0 96,000 0 0 CONSTRUCTION AND UPGRADES 0 0 0 114,000 0 0 0 0 0 35,000 0 0 SUB70TAL 0 0 400,000 LAID ACIIUISITJCXN AND SITE PRFRARATICN: 0 0 0 215,000 0 400,000 $645,001 SUBTOTAL 1,750,000 1,750,000 1'750-000 + ,000 107509000 1,7509000 1,750,000 STREET S(APE: 1,750,000 1,750,000 1,750,000 1,750,000 0 11750,000 PLAN (8,750,000 IMPROVE SIDENALKS TO A 10' WIDTH 5,000 5,000 5,000 NDN WALKWAYS UPDATE STREET LIGHTING 65,000 5,000 65,000 0 65,000 5,000 65,000 0 99000 5,000 RELOCATE UTILITIES UNDERGROUND 62,500 62,500 0 61,500 25,000 0 15,000 S7REETSCAPE MEN ITIES 87,500 87,500 87,500 6Y,� 87,500 0 0 LANDSCAPING 15,000 15,000 10.000 10,000 10,000 120,000 SUBTO'T'AL 15.000 15,000 15,000 50,000 PARKING; 250,000 245,000 245,000 145,000 30,000 219,000 aWER CIAL AND C�BP�R $1,231,000 SUBTOTAL 212,500 212,500 + 212,500 212,500 50,000 300,000 IMPROV C7HER EMLNTS: 212,500 212,500 212,500 212,500 50,000 300,000 al%&IITR STATION $1,200,000 BUS STOp 0 0 0 RELOCATE FIRE HYDRANTS 2,000 2,000 2000 0 25,000 0 FACADE RE WILITATION PUBLIC SAFELY FACILITY 4 +500 50,000 4,500 50,000 4'S� 2'000 4,500 0 5,000 0 C)ONNECTICNS TO TRANSPORTATION SYSTEMS 0 0 50,000 50000 0 0 p OPTICCM TRAFFIC SIGNAL COORDINATION 0 0 p 0 0 0 3,500,000 CONSTRUCTION OF PUBLIC PARK AREAS 15,000 15,000 15,000 0 15,000 0 500,000 SUBTOTAL 0 0 0 0 5.000 25,000 • 0 250,000 PROGRAM AEMIN1S7RATION COSTS; 71'500 71,500 71,500 71,500 30,000 4,280,000 LEGAL !1,596,000 CONSULTANT BOND OI NSEL 5,000 2,000 51000 5,000 5,000 5,000 AEMINIS7RATICN 3,000 2,000 3,000 2.000 3000 2 000 + 51000 2,000 5,000 1>ESIC OpSTS 7,500 5, , 3, 000 7 3.000 3,000 SUBTOTAL 5,000 000 5,000 00 7,500 7,500 5,000 22,500 22,500 22,500 22,500 5,000 22,500 $2,613,500 $2.508,500 $2,6 $3 7 15,500 (138,000 -- - -- TCn'AL + $132,500 $8,721,500 -- NOTES: 1) 7TIESE ESTIMATED COSTS MAY BE RELOCATED TO AN 120.3 98 ,000 APPROPRIATE TO 1MPl.FMFNT THE CYIHIR SEXTION OR LINE AS - ---- -- -------____= 2) O7NSTRU TION CASTS ARE SUBJECT' TO THE ENGINEERING OBJECTIVES; 4) SOM ADDITION 3) NON-CONSTRUCTION COSTS ARE SUBJECT TO THE ONdSLMM PRICE INDEX$ BASE BVALU!` 6 -4200 5) SOUTH ADDITION NC1NN�7NSTRUCTIOON� ARE SUBJECT TO THE ENGINEERING NI)NS OOS7S ARE SUBJECT 7O 1TIE CON RECORD INDF](,BASE VALUE 4990 SIMMIIR PRICE INDEJ(, BASE VALUE--423 3258535 36 Approved on May 18, 1992 - Ordinance No. 0 -92 -27 POSSIBLE DEVELOPMENT AREA FORMER SARA LEE BAKERY FACILITY Because this privately owned property is uniquely located within the Village, its redevelopment offers the Village an opportunity to control the planning for the area so as to strengthen the Village as a whole and minimize potentially adverse impacts. Specifically, the following objectives will be sought regarding this area as well as all other applicable recommendations included in this plan: IT.1 1. Planned Development Preferred Use of the planned development concept in this area is strongly preferred. 2. Preferred Land Use The redevelopment of this parcel with a variety of housing types is preferred, including high density' rental housing, thereby supplementing the existing housing stock, expanding the range of housing options, and providing potential customers for Village Center* businesses. The Village should take those steps necessary to encourage and facilitate the residential ;development of this property. 3. Incompatible Land Uses The Village strongly desires to contain and strengthen the existing business and office districts and to prevent strip commercial development. Retail development of the fifty acre parcel could adversely impact both the Village Center* and outlying commercial districts. Similarly, office development of the entire site has the potential of creating traffic problems due to limited access to, major streets. Therefore, the redevelopment of the Sara Lee site as an office park or as commercial development or combination of office and commercial uses is not recommended. While the Sara Lee Baking facility has manufacturing use, the redevelopment property for other manufacturing uses is 3258535 37 been a desirable or reuse of the not recommended. The character of the area around the facility has changed since it was built. The area was originally one of industrial uses. Today those uses have been replaced by uses of a residential nature or uses which are more compatible with nearby residential uses. 4. Other Considerations The Village recognizes that conditions may exist which make it desirable to redevelop the property with uses other than residential or in combination with residential uses. Only those uses which can demonstrate that they will not adversely impact traffic within the Village and will have a positive impact on the Village Center* and other commercial areas of the Village should be encouraged. Any such developments should be done in conformance with all of the recommendations below and all other applicable recommendations included in the Plan. 5. Integration with "South of Commons "* Due consideration should be given to the integration of the area designated "Possible Development Area 1" with the redevelopment of the Sara Lee property. Access to the road network should be provided. Consideration should be given to the possible expansion of commercial uses into the area lying south of the Commons Shopping Center. 6. Access A. Access to Waukegan Road and Kates Road should be limited and located with respect to safety. No additional access points on Kates Road should be permitted and access to Waukegan Road should be restricted. B. Any redevelopment of this site should include road connections to the north so as to integrate the site with the area to the north. C. Pedestrian and bicycle paths should be provided to facilitate access to the shopping areas, community facilities, railroad station, and schools located to the north of the subject property. D. Provisions should be included in any plan for the site to facilitate connections or integration into any transportation systems of the future. E. Adequate screening and buffering from the railroad tracks should be required. Measures should be taken to ensure that employees or residents of the Sara Lee property cannot access the park area to the west of the railroad tracks inappropriately. _2_ 3258535 38 7. Utilities A. All utilities underground. should be required- to be located B. The continued use of the existing sewage treatment plant on the site should be evaluated. C. All utility connections should be done in accordance with all applicable regulations. Any use of well water should be closely monitored and allowed only for industrial use. D. Appropriate storm water control measures should be followed and any storm water detention or retention facility developed on the site should be done so that it becomes an amenity and not an eyesore. 8. Open Space A. Any redevelopment of of permanent, usable open spaces include gardens. the site should include areas open space. Examples of such employee recreation areas and B. If the property is to be developed residentially, adequate open space should be required. Because the area would become a "neighborhood" in its own right and because of the nature of Kates and Waukegan Roads, a park area should be required as part of the site planning. C. Attractive landscaped entries should be provided and the generous setback from Waukegan Road should be maintained. 9. Creative Development The Village strongly encourages high quality innovative and creative development of this property. It is extremely important that the potential of this property not be sacrificed to conventional subdivision and development controls and patterns. Because of the unique problems inherent in redeveloping a manufacturing site, the Village should take steps to create those mechanisms which would permit a variety of housing types including high density* housing. 10. High Quality Development Existing development in the Village is characterized by the high quality of design and materials used, a large amount of open space, and generous and attractive landscaping. Maintenance and continuation of this type of development is strongly desired for its high aesthetic value and its compatibility with the residential character of the Village. -3- 3258535 39 ^ M 7. Utilities A. All utilities underground. should be required- to be located B. The continued use of the existing sewage treatment plant on the site should be evaluated. C. All utility connections should be done in accordance with all applicable regulations. Any use of well water should be closely monitored and allowed only for industrial use. D. Appropriate storm water control measures should be followed and any storm water detention or retention facility developed on the site should be done so that it becomes an amenity and not an eyesore. 8. Open Space A. Any redevelopment of of permanent, usable open spaces include gardens. the site should include areas open space. Examples of such employee recreation areas and B. If the property is to be developed residentially, adequate open space should be required. Because the area would become a "neighborhood" in its own right and because of the nature of Kates and Waukegan Roads, a park area should be required as part of the site planning. C. Attractive landscaped entries should be provided and the generous setback from Waukegan Road should be maintained. 9. Creative Development The Village strongly encourages high quality innovative and creative development of this property. It is extremely important that the potential of this property not be sacrificed to conventional subdivision and development controls and patterns. Because of the unique problems inherent in redeveloping a manufacturing site, the Village should take steps to create those mechanisms which would permit a variety of housing types including high density* housing. 10. High Quality Development Existing development in the Village is characterized by the high quality of design and materials used, a large amount of open space, and generous and attractive landscaping. Maintenance and continuation of this type of development is strongly desired for its high aesthetic value and its compatibility with the residential character of the Village. -3- 3258535 39 �" �• puf003 /13 -3 /23788 /saturn V� 11/11/92 - 1320 ORDINANCE NO. 0 -92 -54 ORDINANCE ADOPTING AND APPROVING A TAX INCREMENT REDEVELOP- MENT PLAN AND A TAX INCREMENT REDEVELOPMENT PROJECT FOR THE VILLAGE OF DEERFIELD, ILLINOIS WHEREAS, the Village of Deerfield, Illinois (the "Village ") desires to implement tax increment allocation financing pursuant to the Tax Increment Allocation Redevelopment Act, as amended, constituting Division 74.4 of Article 11 of the Illinois Municipal Code (hereinafter referred to as the "Act "), for a pro- posed redevelopment project (the "Redevelopment Project ") within the municipal boundaries of the Village of Deerfield and within a proposed redevelopment project area (the "Redevelopment Project Area ") described in Exhibit A of this ordinance, which area con- stitutes, in the aggregate, more than one and one -half acres; and WHEREAS, the President and Board of Trustees of the Village of Deerfield adopted and approved a report prepared on be- half of the Village entitled "Village of Deerfield, Redevelopment Plan, Village Center Project Area, October, 1986" (the 111986 Plan ") pursuant to an ordinance adopted on December 15, 1986; and WHEREAS, the Village now desires to amend the 1986 Plan to include within the Redevelopment Project Area properties not included within the 1986 Plan; and WHEREAS, a report was prepared on behalf of the Village entitled "Village of Deerfield, Proposed Redevelopment Plan, Village Center Project Area, September, 199211, which amends the 1986 Plan and constitutes the Redevelopment Plan required by the Act (the "Redevelopment Plan "); and 0 WHEREAS, pursuant to Section 11- 74.4 -5 of the Act, a joint review board was convened on August 20, 1992 and reconvened on September 1, 1992, to consider the proposal to designate the proposed Redevelopment Project Area under the Act, and the joint review board has filed with the Village Clerk its advisory recom- mendation with respect to the eligibility of the proposed Redevel- opment Project Area for designation under the Act; and WHEREAS, pursuant to Section 11- 74.4 -5 of the Act, the President and Board of Trustees of the Village caused a public hearing to be held, relative to the approval of the Redevelopment' Plan and the Redevelopment Project, and the designation of the Re- development Project Area, on September 21, 1992 which was ad- journed and recovened on October 5, 1992, at the Village Hall located at 850 Waukegan Road in Deerfield, Illinois; and WHEREAS, due notice with respect to such hearing was given pursuant to Sections 11- 74.4 -5 and 11- 74.4 -6 of the Act, said notice being given to the Illinois Department of Commerce and Community Affairs and to the taxing districts within the proposed Redevelopment Project*Area by certified mail on or before August 8, 1992 and to the taxpayers within the proposed Redevelopment Project Area by certified mail on or before September 11, 1992, and by publication in the "Deerfield Review" on August 27, 1992 and September 10, 1992; and WHEREAS, the Redevelopment Plan sets forth the factors of deterioration and decline in the proposed Redevelopment Project Area which qualify it as a "blighted area" and a "conservation area" pursuant to Sections 11- 74.4 -3(a) and 11- 74.4 -3(b) of the -2- I Act, and the President and Board of Trustees have reviewed the in- formation concerning a blighted area and a conservation area pre- sented at the public hearing and have reviewed other studies and is generally informed of the conditions of a blighted area and a conservation area in the proposed Redevelopment Project Area as said terms "blighted area" and "conservation area" are used in the Act; and WHEREAS, the President and Board of Trustees have re- viewed the conditions pertaining to the lack of private investment in the proposed Redevelopment Project Area to determine whether private development would take place in the proposed Redevelopment Project Area as a whole without the approval of the proposed Re- development Plan and the proposed Redevelopment Project; and WHEREAS, the President and Board of Trustees have re- viewed the conditions pertaining to the real property in the pro- posed Redevelopment Project Area to determine whether contiguous parcels of real property and improvements thereon in the proposed Redevelopment Project Area would be substantially benefited by the proposed Redevelopment Project improvements; and WHEREAS, the President and Board of Trustees have re- viewed the proposed Redevelopment Plan, the proposed Redevelopment Project and the comprehensive plan for development of the Village as a whole,to determine whether the proposed Redevelopment Plan and the proposed Redevelopment Project conform to the comprehen- sive plan of the Village; MC NOW, THEREFORE, BE,IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF DEERFIELD, ILLINOIS, AS FOLLOWS: Section 1. The President and Board of Trustees of the Village of Deerfield hereby makes the following findings: (a) The area constituting the proposed Redevelopment Project Area in the Village is described as set forth in the attached Exhibit A. (b) The finding of conditions which caused the original Redevelopment Project Area as described in the 1986 Plan to be classified as a "conservation area" as defined in Section 11- 74.4 -3(b) of the Act is hereby reaffirmed and readopted. (c) There exist conditions that cause the properties proposed to be added to the original Redevelopment Project Area to be classified as a "blighted area" as defined in Section 11- 74.4 -3(a) of the Act. These conditions are speci- fied in the Redevelopment Plan. The improved area to be added to the Redevelopment Project Area is within the bound- aries of the proposed Redevelopment Project Area as described in Exhibit A which is located within the territorial limits of the municipality. Because of a combination of 5 or more of the following factors: age; dilapidation; obsolescence; deterioration; illegal use of individual structures; presence of structures below minimum code standards; excessive vacan- cies; overcrowding of structures and community facilities; lack of ventilation, light or sanitary facilities; inadequate utilities;. excessive land coverage; deleterious land use or -4- layout; depreciation of physical maintenance; lack of commun- ity planning, it is hereby found to be detrimental to the public safety, health, morals or welfare. (d) The proposed Redevelopment Project Area as a whole has not been subject to growth and development through in- vestment by private enterprise, and would not reasonably be anticipated to be.developed without the adoption of the pro- posed Redevelopment Plan. (e) The proposed Redevelopment Plan and the proposed Redevelopment Project conform to the comprehensive plan for the development of the Village as a whole. (f) The parcels of real property in the proposed Rede- velopment Project Area are contiguous, and only those con- tiguous parcels of real property and improvements therein which will be substantially benefitted by the proposed Rede- velopment Project improvements are included in the proposed Redevelopment Project Area. (g) The estimated date for final completion of the Re- development Project is October 1, 2009. (h) The estimated date for retirement of obligations incurred to finance Redevelopment Project costs is not later than October 1, 2009. Section 2. The Redevelopment Plan and the Redevelopment Project are hereby adopted and approved. A copy of the Redevelop- ment Plan is attached hereto as Exhibit B and made a part hereof by reference thereto. Said Redevelopment Plan describes the Re- development Project. -5- Section 3. The Village Clerk be and is hereby directed to publish this ordinance in pamphlet form and to file,a certified copy of this ordinance with the County Clerk of Lake County. Section 4. This ordinance shall become effective in the manner provided by law. Adopted and approved this 7th day of December , 1992, by roll call vote as follows: Ayes: Ehlers, Marovitz, Rosenthal, Seidman, Swanson (5) Nays: None (0) Absent: Swartz (1) Approved: T • President ( SEAL) Published in pamphlet form this 7th day of December , 1992. cm M - Mal. 1 � . i_IL_�ir_s e Clerk c CERTIFICATE I, Robert D. Franz, Village Clerk of the Village of Deerfield, Illinois hereby certify that the foregoing ordinance is a true copy of an ordinance entitled "An Ordinance Adopting and Approving a Tax Increment Redevelopment Plan and a Tax Increment Redevelopment Project for the Village of Deerfield, Illinois ", 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 December 7 , 1992, at the Village Hall and at which a quorum was present and acting throughout, and that said copy has been com- pared 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 7th day of December_, 1992. VilXate Clerk ( SEAL) -7- EXHIBIT A The boundaries of the Area are legally described as: That part of the southwest 1 of Section 28, the southeast 1 of Section 29, the northeast i of Section 32 and the northwest 1 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. Yon 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.l 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 519 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 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 211.22' more or less; thence northwest of aforesaid line 105° 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 °E 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. LEGAL SOUTH ADDITION TO VILLAGE CENTER T.I.F. DISTRICT That part of the northwest and southwest quarters of Section 33 and the northeast quarter of section 32, Township 43 North, Range 12, East of the third principal meridian described as follows: Commencing at a point of intersection of the east right -of -way line of Waukegan Road and a point directly east of the northeast corner (abuts Waukegan Road) of Lot 19, Owner's First Addition to Deerfield, Recorded September 25, 1915 As Document 161061; thence west to aforementioned corner and continuing due west a distance of 277.22' more or less; thence northwest of aforesaid line 1050 22' 2.3" a distance of 51.881; thence northerly to the southeast corner of Lot 11 Woodman's Resubdivision; thence westerly to the southwest corner of Lot 3, Natty's Resubdivision; thence south along the west property line of said Lot 3 if extended a distance of 10.30'; thence south 230 E 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 25S' to the northeast right -of -way line of said railway; thence northwesterly along said right -of -way line to the center line if extended of the easterly section of Central Avenue; thence due west to the southwest right -of -way line of said railway; thence southeasterly along said right -of -way to a point directly vest of the north right- of-way line of Rates Road; thence east along said right -of -way to the center line of Waukegan Road; thence southeasterly along said center line a distance of 260 feet; thence easterly along a line perpendicular to the northeast right -of -way line of Waukegan Road; thence northwesterly along said right -of -way to the point of beginning, all in the Village of Deerfield, County of Lake, State of Illinois. EXHIBIT B PROPOSED REDEVELOPMENT PLAN VILLAGE CENTER PROJECT AREA SEPTEMBER 1992 VILLAGE OF DEERFIELD INTRODUCTION The Village Center in Deerfield, a six block area located in the heart of the community, exhibits many of the typical problems common to aging commercial districts throughout the United States. Diverse ownership of inadequately sized and ill- arranged parcels have resulted in incompatible development, causing both visual and functional problems. The vacancy of the 52 acre Sara Lee Bakery facility, directly south of the Village Center, has intensified the need fora coordinated redevelopment plan in this area. In 1978, the Village of Deerfield acted on the need to revitalize its central business district by establishing the Village Center Development Commission (VCDC). The VCDC was appointed with the objective of enhancing and promoting viability of the Village Center. The commitment for downtown revitalization was reinforced by Deerfield's Comprehensive Plan, adopted February 19, 1979. The Comprehensive Plan cited the Village Center as a primary location for redevelopment. In 1.992, the Comprehensive Plan was amended to include the Sara Lee property as a Possible Development Area. The Village Center Development Commission has focused its attention on the following major issues: Traffic and Access The limited capacity of the present roadway system, the number and location of points of access to private property, and a confusing pattern of private signage all serve to reduce the efficient flow of traffic. Parkin There is a significant need to better coordinate existing parking that could be integrated with a pedestrian traffic system. Public Infrastructure The age and capacity of the existing roadway and utility systems within the Village Center serve to limit the type and amount of additional development possible in the area. Improving the storm and sanitary system in the Village Center is consistent with efforts to improve storm water management throughout the community. Appearance Guidelines for development within the Village Center and the preservation of open areas are needed. Building heights, densities, site lines, landscaping and buffering plans need to �be established and incorporated into the appropriate Village codes. Strengthen Retail Core The current and future strength of the Village Center is the basic retail operations in that area. Efforts must be made to reinforce existing businesses by adding new retail, office and multi - family development to the area. W REDEVELOPMENT AREA DESCRIPTION The Deerfield Center Redevelopment Project Area is shown on Map 1. With the exception of the South Addition, the boundaries are coterminous with the existing boundaries of the Village Center. The 140 acre Redevelopment District is divided into six sections, which are known as Northwest, Northeast, Southeast, Southwest, Tracks -West, and South Addition. Northwest The Northwest section consists of a 22 acre area bounded by Waukegan Road on the east, Deerfield Road on the south, the railroad on the west and Hazel Avenue on the north. This area is made up of a mix of retail stores, local government buildings, recreational facilities, commuter parking and residential units. Northeast The Northeast section is a 6 acre area bounded by Waukegan Road on the west, Orchard Street on the north, the commercial zoning district boundary on the east, and Deerfield Road on the south. The Northeast section consists of a mix of retail stores, food services and banking facilities. Southeast The Southeast section consists of 6 acres and is bounded by Waukegan Road on the west, Deerfield Road on the north, the commercial zoning district boundary on the east and Longfellow Avenue on the south. Southwest The Southwest section, 38 acres, is bounded by the railroad on the west, Deerfield Road on the north, Waukegan Road on the east ^and Sara Lee's northern boundary 'line on the south. The Southwest section contains a mix of retail, commercial and industrial uses, United States postal facilities, senior citizen housing and other residential units. Tracks -West The 13 acre Tracks -West section is bounded by Hazel Avenue on the north, the railroad on the east, Central Avenue on the south, and the center line of Chestnut Street and Elm Street on the west. This section includes the commuter train station and parking facilities. South Addition The South Addition section is a 52 acre area bounded by the railroad on the 2 COMPREHENSIVE PLAN OBJECTIVES In 1979, the Village adopted the Comprehensive Plan which established the following objectives for the Village Center: 1. Develop a general, conceptual plan for site planning, pedestrian and vehicular circulation, land use and parking within the Village Center, which provides the owners and developers with general guidelines within which to develop, redevelop or improve their properties. 2. Develop a plan for signage, greenery, lighting, street furniture, paving, color and other aesthetic considerations within the Village Center and encourage its use by owners and businessmen within the area. 3. Actively work on the implementation of the plan for Access Avenue, which will reduce the traffic flow through the Deerfield- Waukegan Roads intersection, facilitate traffic flow into and out of the Village Center, and increase the shopping /business potential of the Village Center. 4. Improve Village -owned property, as needed, in a manner consistent with the above plans. 5. Actively work with the businessmen and landowners to coordinate existing parking and circulation in the Village Center and in the planning and financing of additional parking as needed in appropriate locations. 6. Encourage mixed uses which will maximize the utilization of the Village Center at different times of the day and week. 7. Cooperate with businessmen and landowners. to provide vehicular and pedestrian access between as many properties as possible. 8. Carefully control development and redevelopment along the boundaries of the Village Center to protect both the Village Center and adjacent properties. 9. Encourage the use of the planned development concept to facilitate achievement of the above. REDEVELOPMENT PLAN OBJECTIVES Pursuant to the Comprehensive Plan and consistent with the goals and policies of the Village Center Development Commission, the following objectives are established to guide redevelopment within the Village Center Project Area: 1. Encourage development of vacant and under - utilized properties. 2. Reduce and /or eliminate blighting conditions. 3 3. Strengthen the tax base by reinforcing existing businesses, and encouraging new private investment in commercial and residential development. 4. Improve the overall Village Center appearance by implementing the newly adopted Appearance Code. 5. Enhance the overall quality of the Village of Deerfield by creating an "identity" within the Village Center as the focal point of the community. 6. Develop a comprehensive parking plan that integrates the various areas and diverse uses within the Redevelopment Area. 7. Provide an urban streetscape that establishes a unified image of the Village Center, while facilitating a pedestrian access to each section of the Redevelopment Area. PROJECT AREA ELIGIBILITY As required by Illinois State Statutes, municipalities must adhere to certain regulations in establishing a redevelopment project area, which is defined as: "An area designated by the municipality which is not less in the aggregate than 1 1/2 acres and in respect to which the municipality has made a finding that there exist conditions which cause the area to be classified as an industrial park conservation area or as a blighted area or a conservation area, or a combination of both blighted areas and conservation areas." The Illinois State Statutes further define "conservation area" as: "any improved area within the boundaries of a redevelopment project area located within the territorial limits of the municipality in which 50% or more of the structures in .the area have an age of 35 years or more. Such an area is not yet a blighted area but because of a combination of 3 or more of the following factors: dilapidation; obsolescence; deterioration; illegal use of individual structures; presence of structures below minimum code standards; abandonment; excessive vacancies; overcrowding of structures and community facilities; lack of ventilation, light or sanitary facilities; inadequate utilities; excessive land coverage; deleterious land use or layout; depreciation of physical maintenance; lack of community planning; is detrimental to the public safety, health, morals or welfare and such an area may become a blighted area." The 1986 survey of properties within the Redevelopment Area demonstrates the existence of the following factors, as defined in Appendix A: AGE 60 of the 110, or 54.5 %, of the structures within the Redevelopment Area are 35 years old or older. 4 DILAPIDATION 9 of the 110, or 8.2 %, of the various structures within the Redevelopment Area exhibit various degrees of dilapidation. OBSOLESCENCE 27 of the 110, or 24.5 %, of the structures within the Redevelopment Area were found to be obsolete. DETERIORATION 47 of the 110, or 42.7 %, of the structures within the Redevelopment Area exhibit various degrees of deterioration. ILLEGAL USE OF STRUCTURE 5 of the 110, or 4.5 %, of the structures within the Redevelopment Area contain non- conforming uses. BELOW CODE OF STANDARDS 93 of the 110, or 84.5 %, of the structures within the Redevelopment Area were found to be below minimum code standards. EXCESSIVE VACANCIES 1 of the 110, or 0.9 %, of the structures within the Redevelopment Area were found to be vacant. OVERCROWDING OF STRUCTURE 3 of the 110, or 2.7 %, of the structures within the Redevelopment Area exhibit some degree of overcrowding. INADEQUATE UTILITIES 1 of the 110, or 0.9 %, of the structures within the Redevelopment Area exhibited the above mentioned characteristics. DEPRECIATION OF PHYSICAL MAINTENANCE 22 of the 110, or 20.0 %, of the structures within the Redevelopment Area appear to lack an on -going maintenance program. DELETERIOUS LAND USE OR LAYOUT 62 of the 178, or 34.8 %, of the parcels within the Redevelopment Area are poorly used or poorly configured. 5 EXCESSIVE LAND COVERAGE 34 of the 1.10, or 30.9 %, of the applicable parcels within the Redevelopment Area exceed permissible land coverage. LACK OF COMMUNITY PLANNING 84 of the 178, or 47.2 %, of the parcels within the Redevelopment Area demonstrate a lack of community planning. Most of the parcels were established and developed prior to the adoption of the Village's first Comprehensive Plan in 1957. The properties in the South Addition section of the Redevelopment Area exhibit dilapidation, obsolescence, deterioration, structures below minimum code standards, excessive vacancies and depreciation of physical maintenance. The presence of asbestos, as well as out -dated processing _and storage equipment limit the opportunities for reoccupancy and /or redevelopment. A 1992 survey of properties within the Redevelopment Area demonstrates the existence of the following_ factors: AGE 55 of the 103, or 53.4 %, of the structures within the Redevelopment Area are 35 years old or older. DILAPIDATION 7 of the 103, or 6.8 %, of the various structures within the Redevelopment Area exhibit various degrees of dilapidation. OBSOLESCENCE 26 of the 103, or 25.2 %. of the structures within the Redevelopment Area were found to be obsolete. DETERIORATION 39 of the 103, or 37.9 %, of the structures within the Redevelopment Area exhibit various degrees of deterioration, ILLEGAL USE OF STRUCTURE 5 of the 103, or 4.9 %, of the structures within the Redevelopment Area contain non - conforming_ uses. BELOW CODE OF STANDARDS 85 of the 103, or 82.5 %, of the structures within the Redevelopment Area were found to be below minimum code standards. W EXCESSIVE VACANCIES 6 of the 103, or 5.8 %, of the structures within the Redevelopment Area were found to be vacant. OVERCROWDING OF STRUCTURE 3 of the 103, or 2.9 %, of the structures within the Redevelopment Area exhibit some degree of overcrowding INADEQUATE UTILITIES 4 of the 103, or 3.9 %. of the structures within the Redevelopment Area exhibited the above mentioned characteristics. DEPRECIATION OF PHYSICAL MAINTENANCE 22 of the 103, or 21.4 %, of the structures within the Redevelopment Area appear to lack an on- going_ maintenance program. DELETERIOUS LAND USE OR LAYOUT 41 of the 171, or 23.9 %, of the parcels within the Redevelopment Area are poorly used or poorly configured. EXCESSIVE LAND COVERAGE 38 of the 103, or 36.9 %, of the applicable parcels within the Redevelopment Area exceed permissible land coverage. LACK OF COMMUNITY PLANNING prior to the adoption of the Village's first Comprehensive Plan in 1957. REDEVELOPMENT PLAN Pursuant to the foregoing objectives, the Village of Deerfield will implement a coordinated program of actions to upgrade the overall quality and economic vitality of the Project Area. The primary thrust of these actions will be to facilitate the assembly of land into sites of sufficient size and configuration to permit modern commercial development in a manner that reinforces the entire Project Area. The necessary actions will include, but not be limited to, land acquisition and clearance, relocation of existing businesses, disposition of sites for development, and construction of the following public improvements. Road Projects 1. Southwest Section 7 N a. Widen Osterman Avenue from Waukegan Road to Elm Street. b. Widen Central Avenue from Waukegan Road to Waverly Court. C. Relocate and /or improve Waverly Court from Central Avenue to Osterman Avenue. d. Access Avenue improvement .... realignment of Petersen /Hoffman and Deerfield Road intersection. e. Install left hand turn lane for northbound Waukegan Road traffic turniny, west on Osterman Avenue. 2. Southeast Section Extend Rosemary Terrace across Deerfield Road to connect with a private drive or Whittier Avenue. 3. Northeast Section Install an interior road to resolve access and parking problems within the quadrant. 4. Northwest Section a. Extend Journal Place to .the rear of the Library (one -way, northbound movement). b. Access Avenue improvement .... realignment of Petersen /Hoffman and Deerfield Road intersection and improvements to Park Avenue. 5. Intersection of Waukegan and Deerfield Roads Construct right -hand turn lanes for traffic moving each direction. 6. South Addition Section a. Install an interior road to facilitate access and parking, and nd to b. Construct a left -hand turn lane for northbound Waukegan Road traffic turning, west on Kates Road. C. Lengthen left -hand turn lane for eastbound Kates Road traffic turning north on Waukegan Road. d. Construct a new intersection with Waukegan Road at a point somewhere between Central Avenue and Kates Road. e. Construct access tunnel under railroad for vehicular access to Public Works /Park District Facili ' and pedestrian access to Brickyards Park. Storm and Sanitary Sewer Replacement and Upgrading 1. Southwest Section a. Osterman Avenue from Waukegan Road to Elm Street. K b. Central Avenue from Waukegan Road to Waverly Court. C. Waverly Court from Central Avenue to Osterman Avenue. 2. South Addition a. Upgrade existing g anitary and storm sewers in area. b. Construct new utilities to serve redevelopment, if necessary New Curbs, Sidewalks and Street Lighting - Throughout Redevelopment Area a. New sidewalks with a minimum Kidth of ten feet; light poles and fire hydrants set back beyond the inner edge of the sidewalk. b. Update the street lighting system. C. Relocate overhead utility lines underground. d. Streetscape amenities. Parking Improvements - Throughout the Redevelopment Area Construction of off - street public parking facilities, including decked and underground structures. Other Improvements - Throughout the Redevelopment Area a. Building facade rehabilitation. b. Railroad commuter station and parking improvements. C. Planters with upright, columnar trees. d. Bicycle .parking racks. e. Relocate Deerfield Road bus stop, either off Deerfield or Waukegan Road, using a separate traffic lane. f. Space fire hydrants according to current standards for maximum effectiveness. g. Improvements to public buildings, including the Senior Center Post Office, Library and Village Hall. h. Demolition of obsolete structures. i. Miscellaneous street furniture. L Construct public safety facilities (fire station and /or police station. k. Construct pedestrian and bic cicle paths. 1. Integrate or facilitate connections to railroad and transportation systems of the future. M. Construction and improvement of public park areas. n. Installation of Opticom or other traffic signal coordination system. o. Improvements at the Deerfield Cemetery The Village may determine that some of the foregoing improvements are not needed, or may add additional public improvements, provided they are within the overall budget of the Redevelopment Plan. REHABILITATION FUND A Rehabilitation (and Parking) Revolving Fund may be established to provide money at reduced interest rates for property owners in the Project Area. Owners would be 6 M able to qualify for loans to make code - related improvements (and to acquire and improve off - street parking facilities). LAND USE PLAN Map 2 shows existing land uses. Map 3 designates proposed general land uses in the Redevelopment Project Area. All redevelopment projects may be amended from time to time, and are subject to provisions of the Deerfield Zoning Ordinance and other applicable codes. ESTIMATED REDEVELOPMENT PROJECT COSTS The Illinois State Statutes define redevelopment project costs as "...the sum total of all reasonable or necessary costs incurred or estimated to be incurred, and any such costs incidental to a redevelopment plan and project. Such costs may include, without limitation, the following: 1. Costs of studies and surveys, development of plans and specifications, implementation and administration of the redevelopment plan, including but not limited to staff and professional service costs for architectural, engineering, legal, marketing, financial, planning or other special services, provided however that no charges for professional services may be based on a percentage of the tax increment collected; 2. Property assembly costs, including but not limited to acquisition of land and other property, real or personal or rights or interests therein, demolition of buildings, and the clearing and grading of land; 3. Costs of rehabilitation, reconstruction, repair or remodeling of existing buildings and fixtures; 4. Costs of construction of public works or improvements; 5. Financing costs, including but not limited to all necessary and incidental expenses related to the issuance of obligations and which may include payment of interest on any obligations issued hereunder accruing during the estimated period of construction of any redevelopment project for which such obligations are issued and for not exceeding 36 months thereafter and including reasonable reserves related thereto; 6. All or a portion of a taxing district's capital costs resulting from the redevelopment project necessarily incurred or to be incurred in furtherance of the objectives of the redevelopment plan and project, to the extent the municipality by written agreement accepts and approves such costs; 7. Relocation costs to the extent that the Village determines that relocation costs shall be paid or is required to make payment of relocation costs by federal or state law..." 8. Interest cost incurred by a redeveloper related to the construction, 10 W renovation or rehabilitation of a redevelopment project, provided that: A) such costs are to be paid directly from the special tax allocation fund established pursuant to the Act; and B) such payments in any one year may not exceed 30% of the annual interest costs incurred by the redeveloper with regard to the redevelopment project during that year; C) if there are not sufficient funds available in the special tax allocation fund to make the payment pursuant to this paragraph, then the amounts so due shall accrue and be payable when sufficient funds are available in the special tax allocation fund; and D) the total of such interest payments incurred pursuant to the Act may not exceed 30% of the total redevelopment project costs excluding any property assembly costs and any relocation costs incurred pursuant to the Act. Estimated redevelopment project costs are attached. NATURE AND TERM OF OBLIGATIONS TO BE ISSUED The financial plan of the Redevelopment Program is intended to establish a very conservative public expenditure approach. Revenues will be accumulated in the special tax allocation fund to pay for public purpose expenditures identified in this redevelopment plan primarily on a cash -on -hand basis. This method of financing shall . not preclude the Village from undertaking initiatives designed to stimulate appropriate private investment in the Project Area. Certain redevelopment projects may be of such a scale or on such a timd -table as- to preclude financing on a. cash -on -hand basis. These projects may be funded by the use of tax increment revenue obligations issued pursuant to the Act for a term not to exceed twenty years. Consistent with the conservative nature of the financial plan for this Redevelopment Program, the highest priority for the issuance of tax increment revenue obligations shall occur when the commitment is in place for private sector investment necessary to fund the amortization of such obligations. All obligations are to be covered after issuance by projected and actual tax increment revenues and by such debt service reserves and sinking funds as may be provided by ordinance. Revenues not required for the retirement of obligations providing for reserves, sinking funds and anticipated redevelopment project costs may be declared surplus and become available for distribution annually to the taxing districts in the redevelopment project area as provided by law. One or more issues of obligations may be sold at one or more times in order to implement the plan, as now or hereafter amended, in accordance with law. The municipality may, by ordinance, in addition to obligations secured by the special tax allocation fund provided by law, pledge for a period not greater than the term of the obligations any part of any combination of the following: Net Revenues of all or part of the redevelopment project; Taxes levied and collected on any or all property in the municipality; The full faith and credit of the municipality; 11 A mortgage on part or all of the redevelopment project; to the extent permitted by law; Any other taxes or anticipated receipts that the municipality may lawfully pledge. If such obligations are secured by the full faith and credit of the municipality, the ordinance authorizing the obligations may provide for the levy and collection of a direct annual tax upon all taxable property within the municipality in the Village sufficient to pay the principal and interest on the obligations as they mature. Such levy may be in addition to and exclusive of the maximum of all other taxes authorized to be levied by the municipality, which levy, however, shall be abated to the extent that monies from other sources are available for payment of the obligations, as certified by the Village. SOURCE OF FUNDS Funds necessary to pay redevelopment project costs will be derived from a number of authorized local sources. These include, but are not limited to: Property tax increment revenues from the project area; The State's portion and the Village's portion of sales tax increments from the project area; Tax revenues resulting from establishment of any Special Services district within the Redevelopment Project Area; The Village's general revenue fund; Motor fuel tax; Interest earned on temporary investments; Receipts of any municipal revolving fund for parking improvements; Gifts, grants and contributions; Sale or lease of land proceeds; User fees. There may be other local sources of revenue that the Village determines are appropriate to allocate to the payment of redevelopment project costs. The Village will also explore the availability of funds from state, federal or other governmental programs to assist in financing the project costs. In the event that adequate funds are not available from the aforementioned sources, the Village may use its general funds and utilize its taxing power to sustain the projects and repay obligations issued in connection therewith, to be reimbursed, if possible, from tax increment financing. 12 r ASSESSED VALUATIONS The most recent equalized assessed valuation (1985) for the Redevelopment Project Area is $9,896,435. The projected assessed valuation after redevelopment is estimated to be $15,175,380. Attached are lists of both current and projected assessed valuations by sections of the project area. The most recent equalized assessed valuation (1991) for the South Addition to the Redevelopment Project Area is $3,439,565. The projected assessed valuation of the South Addition after redevelopment is estimated to be $12.000.000. PHASING PLAN All projects identified in the Redevelopment Program have been determined to be in high priority for the elimination of blighting influences and the stimulation of economic vitality in the Village Center Redevelopment Project Area. Nonetheless, to establish the relative importance between the projects and their geographic locations, a series of program phases have been presented in Map 4. This type of phased implementation strategy will also allow a maximized program efficiency by taking advantage of previous and current redevelopment actions. The basic thrust of the implementation strategy is first to reinforce the "Core Area" around the intersection of Deerfield and Waukegan Roads. Consistent with the Village's long standing policies, this reinforcement is judged important to the re- establishment of the "regional draw" of the Project Area. As the "Core Area" is strengthened, redevelopment resources will then be concentrated in an ever - expanding radius outward from that area. The project costs are budgeted amounts only, based upon the best available estimates at the time of the adoption of the Redevelopment Program. As alternative proposals from private developers are entertained by the Village, the* budget estimates may have to be revised. If inadequate private development interest materializes, it will be impossible to complete the total Redevelopment Program. Because the program is to be implemented on a phased basis, the Village will not incur bonded indebtedness for implementation when, in their judgment, there will be inadequate project revenues available to cover such obligations. In the normal course of events, it is anticipated the first two phases will take approximately five (5) to six (6) years to implement. However, two important factors, will affect program implementation. The Village places high priority on projects that leverage private investment. Second priority is placed on projects that can avail themselves of otherwise untapped sources of governmental or institutional money in a manner that will result in a net positive benefit to the whole community. The creation of redevelopment opportunities that contain a healthy influence from one or both of these factors may shift project phasing. The Village reserves the right to make such shifts to take advantage of additional investment dollars if the resulting projects are within the purpose and objectives of the Redevelopment Program. The maximum time period for the completion of the Redevelopment Program and retirement of obligations incurred to finance redevelopment project costs will be twenty -three (23) years. 13 COMPLETION DATE The estimated date for completion of the Redevelopment Project is no later than October 1, 2009. The project may be completed sooner, depending on the incremental tax yield. 14 APPENDIX A The foregoing findings and conclusions are based upon key types of deficiencies in the physical condition of an area, the presence of which can be indicative of a "conservation area" or a "blighted area ", as provided for in the Illinois Real Property Tax Increment Allocation Redevelopment Act. The definitions utilized for consistent interpretation of these deficiencies are as follows: AGE The age of buildings is so advanced as to affect their condition, adaptability to modern use or real estate value. As provided by State Statute, such. buildings must be at least 35 years old. DILAPIDATION The advanced state of deterioration which seriously impairs the continued safe use of the building, as evidenced by substandard structural conditions. OBSOLESCENCE The condition of being or rapidly becoming outmoded for uses for which the building or facility was originally designed. DETERIORATION The process of basically sound buildings becoming worse in quality due to age, misuse or neglect, as determined visually be deficiencies in the building's structural components and /or building systems. ILLEGAL USE The presence of uses of activities on the property which are not permitted by law. STRUCTURES BELOW MINIMUM CODE Structures which do not meet the standards of zoning, subdivision, building, housing, fire or other governmental codes applicable to the property. EXCESSIVE VACANCIES OR ABANDONMENT The presence of buildings or sites which are unoccupied or unutilized and which represent an adverse influence on the area because of their vacant condition. Abandoned properties are those which evidence no apparent effort directed toward their occupancy or utilization. OVERCROWDING OF STRUCTURES AND COMMUNITY FACILITIES Utilization of public or private buildings, facilities or, properties beyond their reasonable or legally permitted capacity. 15 INADEQUATE UTILITIES Deficiencies in the capacity or condition of infrastructure which services a property or area, including sewers, water supply, storm drainage, electrical power, streets, and so forth. DEPRECIATION OF PHYSICAL MAINTENANCE Lack of normal property maintenance which contributes to the deterioration of buildings, the unsightliness of properties, attractive nuisances, hazards to health and • safety, devaluation of real estate and undesirability of an area. DELETERIOUS LAND USE OR LAYOUT Conditions which have a harmful effect over time, including obsolete or irregular layout of parcels, inappropriate use of land and other blighting influences not otherwise covered which deter investment in property, maintenance, development or redevelopment. EXCESSIVE LAND COVERAGE The over - intensive use of property and the crowding of buildings and accessory facilities onto a site. LACK OF COMMUNITY PLANNING The lack of historical evidence of an effective planning program directed toward maintaining or enhancing the social, economic and physical viability of an area as a beneficial component of the community. 16 a L Y D ; r 00 - -Im �•�a ■ • ■.m��b ■ 0 O Ix Z W Z d South - Addition Map 1 PROJECT AREA Village Center Tax Increment District 109 ADM BLDO KIPLING SCHOOL 0 DEER IEL LAKE -COOK ROAD F. Northwe�4. ' ■� JEWETT C .. PARK a L Y D ; r 00 - -Im �•�a ■ • ■.m��b ■ 0 O Ix Z W Z d South - Addition Map 1 PROJECT AREA Village Center Tax Increment District 109 ADM BLDO KIPLING SCHOOL 0 DEER IEL LAKE -COOK ROAD EXHIBIT The boundaries of the Area are legally described as: That part of the southwest 3 of Section 28, the southeast 3 of Section 29, the northeast I of Section 32 and the northwest 1 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 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 W west a distance of 277.22' more or less; thence northwest of aforesaid line 105° 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. LEGAL SOUTH ADDITION TO VILLAGE CENTER T.I.F. DISTRICT That part of the northwest and southwest quarters of Section 33 and the northeast quarter of section 32, Township 43 North, Range 12, East of the third principal meridian described as follows: Commencing at a point of intersection of the east right -of -way line of Waukegan Road and a point directly east of the northeast corner (abuts Waukegan Road) of Lot 19, Owner's First Addition to Deerfield, Recorded September 25, 1915 as Document 161061; thence west to aforementioned corner and continuing due west a distance of 277.22' more or less; thence northwest of aforesaid line 1050 22' 23" a distance of 51.881; 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 10.301; thence south 230 E 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 3001; 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 if extended of the easterly section of Central Avenue; thence due west to the southwest right -of -way line of said railway; thence southeasterly along said right -of -way to a point directly west of the north right -of -way line of Rates Road; thence east along said right -of -way to the center line of Waukegan Road; thence southeasterly along said center line a distance of 280 feet; thence easterly along a line perpendicular to the northeast right -of -way line of Waukegan Road; thence northwesterly along said right -of -way to the point of beginning, all in the Village of Deerfield, County of Lake, State of Illinois. in '�"�- S $IIIIIII 1111111, •♦. ,googol milli 11"'1"'' �, • �������� ��!11;1'11i411111111'/� i ii LEGEND - _________ SYMBOL DIST. PERMITTED USES = _--- _______- R-I SINGLE FAMILY DISTRICT -__ _ _ .: OK 1— D --2. •IO —8w, us R -2 SINGLE FAMILY DISTRICT - - - - _ �__ -- - - W.R. KATES RO SINGLE FAMILY DISTRICT ,1 R-4 SINGLE d TWO FAMILY o nwl. s 1 nr .uw) YC u)a wu R-5 GENERAL RESIDENCE p� •CC(I �MT� YYOI A(OU � YKTI (•Y ;1 • C-1 VILLAGE CENTER V( ••TKl[ D OF Iftl. oRWUtI C2 OUTLYING COMMERCIAL ([[ )[C1WY ll., ••TKL[ (, IOeK MdY C-3 LIMITED COMMERCIAL OFFICE o 0 400 )[l l[CIIOY 5 2 YIKL[ S. (W( OICYI t 0 I 1 OFFICE, RESEARCH. RESTRICT 1915 INDUSTRY W 1-2 LIMITED INDUSTRIAL Kl l[CTI" l.[i..•TKL[ I.ZO Goft. DEER IEL W O P11 PUBLIC LANDS wao.KS • ttlKn•Kl LAKE--COOK ROAD - _ - VELIM LANJ Map 2 EXISTING LAND USE ell I IfOK ka PARKA{(4 :Io..:,�, t Village Center UT ST • .. a F, n i�tr �; ii'^ y�71' r ; ;IU•�rs � `�'�(� �N..( - rt�.�Cf r��',1�, �� r L ` of •.( z Tax Increment District v � DEERFIELD ROAD X09 ADM. ET I I I I I W o ;, BLDG. N KIPLING SCHOOL in '�"�- S $IIIIIII 1111111, •♦. ,googol milli 11"'1"'' �, • �������� ��!11;1'11i411111111'/� i ii LEGEND - _________ SYMBOL DIST. PERMITTED USES = _--- _______- R-I SINGLE FAMILY DISTRICT -__ _ _ .: OK 1— D --2. •IO —8w, us R -2 SINGLE FAMILY DISTRICT - - - - _ �__ -- - - W.R. KATES RO SINGLE FAMILY DISTRICT ,1 R-4 SINGLE d TWO FAMILY o nwl. s 1 nr .uw) YC u)a wu R-5 GENERAL RESIDENCE p� •CC(I �MT� YYOI A(OU � YKTI (•Y ;1 • C-1 VILLAGE CENTER V( ••TKl[ D OF Iftl. oRWUtI C2 OUTLYING COMMERCIAL ([[ )[C1WY ll., ••TKL[ (, IOeK MdY C-3 LIMITED COMMERCIAL OFFICE o 0 400 )[l l[CIIOY 5 2 YIKL[ S. (W( OICYI t 0 I 1 OFFICE, RESEARCH. RESTRICT 1915 INDUSTRY W 1-2 LIMITED INDUSTRIAL Kl l[CTI" l.[i..•TKL[ I.ZO Goft. DEER IEL W O P11 PUBLIC LANDS wao.KS • ttlKn•Kl LAKE--COOK ROAD �. w . , = 111111111= _ • ,...I:L1:7. it•iia � 1111;1'.1:1:1; ■ �0 � • - lim- 0 1. ■ � �M M - iiiiiell 109 ADM. ►rn► ,►rn►r,r��T��.r 1'111l1111111111111 � 111111 111111111111!!;; . X11111 =11,1,111 =1111111,1,1,1,1 ��r.,r, � " :11111 IIIIIIIIIIINIrr 1111111111111111111111' "! Il.l.11i 11.1.111,1,1,1,1;,,1,1,1, 11111111111N 11111 u111 n 11 ►rnrnrltr►►m► y 11 IIIhU11111111111111' OV'!, Ir11 ,11,,,,. ,r��lll�l;,l,►�_�1 11111111111111,1,1,1.1'1' � t4414�11111,1'f ,j � 9010 111114144", �,11►NIIIIU1,1,1 -', IIIIIIIHIIIIIIIIIIII, 11!1!,I,I11�iN11 f . ' � .' /. ' ��►¢ \,11111111111111,11,1,11!.,x, C C� li4'14ti� '�14�IIi�ili4��44�i1�1�iiii .i'1';► '1'1' !1!x'♦ �1 SCHOOL t / 1�� 11111 1111111111111111111►,Illl.f 1,111, _�� . 11111 I�i�111111t1t1t1 ►1�1�1�1�1�1�1�"'1' �� i'1'Ilir +1►! �r.. \",,,,,.. •„ c 11111 N'1;11.1! NNI '■ 1� 1111111111 II(11 T11'1 INAW 1,.1,111./111. son milli I,II � \_��►►►►►► ' 11111, ... \,,,,��1„„i 1- 1111111 1111111, 111111111_ � --111111 ♦, � ' milli ►�� 11111111��: r��'�.�;�����I�I�I���llr n LEGEND SeeN Comprehensive Plan M R. KATES ROA O 0 400— t O J W I W W DEER IEL , C LAKE —COOK ROAD SYMBOL DIST. PERMITTED USES R.I SINGLE FAMILY DISTRICT oK r rE oFAMIL •ro DISTRICT &CCjZtQft1 vuf R -2 SINGLE FAMILY DISTRICT R-3 SINGLE FAMILY DISTRICT R-4 SINGLE & TWO FAMILY ,., I- =21 r•rl• [ T so lWll D.[llr[I • R-5 GENERAL RESIDENCE �nio� uiii �• � rrin r•riu . C -1 VILLAGE CENTER u[ anal f a :orrc aouwK[ C -2 OUTLYING COMMERCIAL fl[ flc T, ffi, urKl[ f, low o.Mr C.3 LIMITED COMMERCIAL O FFICE lacTIft unto I 1 OFFICE, RESEARCH, RESTRICT. INDUSTRY I.2 LIMITED INDUSTRIAL f<[ f[cnor [,,, uncl[ [. =or.[ aor P-I PUBLIC LANDS x +oaf. run. wnx wlos,w . c[rlr[a[f 0 s G � Y UT ST e 0 a JEWETT PARK 'O T. T n Y Ir O uuu•T 1 TWOO "ALL I �1 1 ' ENTR L ■ • Map 4. PHASING PLAN Village Center Tax Increment District -- ��I�l��llllll KIPLING SCHOOL Commercial Development Residential Development 1 Phase 1 2 Phase 2 See. Comprehen\\Plan _ is L AKE-COOK ROAD k VILLAGE CENTER REDELVOPMENT PLAN SECTION SUMMARY NOTE: PROJECTED VALUES ARE EXPRESSED IN 1986 DOLLARS VILLAGE CENTER - TIF OVERLAPPING TAXING BODIES' EOUALIZEO ASSESSED VALUATION (E.A.V.) MOST RECENT E.A.V. OF % INCREMENT TAXING BODIES' (1985) PROJECTED TAXING BODY NUMBER OF SECTION TOTAL E.A.V. TOTAL E.A.V. ACREAGE PARCELS NORTHEAST $1.105.788 •1.199.072 6.091 23 NORTHWEST $1.741.369 $2.249.157 21.723 44 SOUTHEAST $1.410.490 $2.423.757 6.262 21 SOUTHWEST $5.634.224 $9.299.831 37.698 85 TRACKS -WEST $4.584 $4.664 12.774 5 TOTALS 89.898.435 $15.176.380 84.649 178 449,829,583 9.896.435 2.200% LAKE COUNTY FOREST PRESERVE 4.521.788.566 NOTE: PROJECTED VALUES ARE EXPRESSED IN 1986 DOLLARS VILLAGE CENTER - TIF OVERLAPPING TAXING BODIES' EOUALIZEO ASSESSED VALUATION (E.A.V.) E.A.V. OF % INCREMENT TAXING BODIES' INCREMENT DISTRICT DISTRICT OF TAXING BODY E.A.V. (1985) WITHIN TAXING BODY TAXING BODY SCHOOL DISTRICT 0109 $281,310,646 $9.896 -.435 3.518% HIGH SCHOOL DISTRICT 0113 . .. 830.069.438 9.896.435 1.192% JUNIOR COLLEGE DISTRICT 0632 . 3.761',614.702 9,896.435 0.263% VILLAGE OF DEERFIELD 249.350,557 9.896.435 3.969% DEERFIELD PUBLIC LIBRARY 249.350,557 9.896.435 3.969% DEERFIELD PARK DISTRICT 229,265,659 9.896.435 4.317% DEERFIELD- SANNOCKBURN FIRE PROTECTION DISTRICT _ 291.496.668 9.896.435 3.395% HIGHLAND PARK MOSOUITO ABATEMENT DISTRICT 768,024,329 9.896.435 1.289% WEST DEERFIELD TOWNSHIP 449,829,583 9.896.435 2.200% LAKE COUNTY FOREST PRESERVE 4.521.788.566 9.896.435 0.219% LAKE COUNTY 4.621.788,566 9,896,435 0.219% OVERLAPPING TAXING BODIES' 1991 E.A.V. OF NEW EQUALIZED ASSESSED VALUATION (E.A.V.) INCREKENT DISTRICT* % INCREKE V'T TAXING BODIES' WITHIN TAXING BODY DISTRICT OF TAXING BODY E.A.V. (1991) (SARA LEE) TAXING BODY SCHOOL DISTRICT #109 $602,445,081 $3,439,565 0.571% HIGH SCHOOL DISTRICT #113 . . 1;696,541,542 3,439,565 0.203% JUNIOR COLLEGE DISTRICT #532 . . . . . . 9,101,002,406 3,439,565 0.038% VILLAGE OF DEERFIELD 522,438,968 3,439,565 0.658% DEERFIELD PUBLIC LIBRARY . . . . . . 522,438,968 3,439,565 0.658% DEERFIELD PARK DISTRICT . . . . . . 488,868,648 3,439,565 0.704% DEERFIELD— BANNOCd3URN FIRE PROTECTION DISTRICT 593,345,527 3,439,565 0.580% SCUTHLAKE MOSQUITO ABATEMENT DISTRICT . 1,548,081,045 3,439,565 0.222% WEST DEERFIELD TOWNSHIP . 1,051,693,203 3,439,565 0.327% LAKE COUNTY FOREST PRESERVE . . 9,689,471,334 3,439,565 0.035% LAKE COUNTY . 9,689,471,334 3,439,565 0.035% AO 0 VILLAGE CENTER REDEVEIOPMEN7 PLAN 'ESTIMATED PROJECT IMl'ROVE]ENT COSTS IMPROVEMENT ROADS: ACCESS AVENUE CENTRAL AVENUE INTERSECTION- DEERFIELD & WAUKEGAN ROADS INTERIOR ROADWAY JOURNAL PLACE OSTERMAN AVENUE ROSEMARY TERRACE WAVERLY STREET TURNING LANES ACCESS TUNNEL UNDER RR TO PUBLIC WORKS /PARK SUBTOTAL STORM do SANITARY SEVERS: ADJACENT CENTRAL AVENUE ADJACENT OSTERMAN AVENUE ADJACENT WAVERLY STREET CONSTRUCTION AND UPGRADES SUBTOTAL LAND ACQUISITION AND SITE PREPARATION: SUBTOTAL STREETSCAPE: PLAN IMPROVE SIDEWALKS TO A 10' WIDTH NEW WALKWAYS UPDATE STREET LIGHTING RELOCATE UTILITIES UNDERGROUND STREETSCAPE AMENITIES LANDSCAPING SUBTOTAL PARKING: oaWMERCIAL AND COMMUTER SUBTOTAL OTHER IMPROVB( NTS: CMNU77ER STATION BUS STOP RELOCATE F 1 RE 111TRANTS FACADE REIABILITATION PUBLIC SAFETY FACILITY CONNECTIONS TO TRANSPORTATION SYSTEMS OPTIOCM TRAFFIC SIGNAL COORDINATION CONSTRUCTION OF PUBLIC PARK AREAS SUBTOTAL PROGRAM AEMINISTRATION COSTS: LEGAL CONSULTANT BOND COUNSEL AEMINISTRATION DESIGN COSTS SUBTOTAL SECTION SOUTH NORTIIWEST NORTNEAST SOUTHEAST SOUTHWEST TRACKS -WEST ADDITION TOTALS $130,000 $0 SO $385,000 $0 $0 0 0 0 286,000 0 0 27,000 27,000 27,000 27,000 0 0 0 180,000 0 0 0 500,000 150,000 0 0 0 0 0 0 0 0 338,000 0 0 0 0 2339000 0 0 0 0 0 0 166,000 0 0 0 0 50,000 50,000 0 250,000 0 0 0 0 0 1,0009000 307,000 207,000 310,000 1,2529000 0 19750,000 $3,826,000 0 0 0 96,000 0 0 0 0 0 114,000 0 0 0 0 0 35,000 0 0 0 0 0 0 0 4009000 0 0 0 245,000 0 400,000 $645,000 1,750,000 19750,000 1,750,000 1,750,000 0 1,750,000 1,750,000 19750,000 1,750,000 1,750,000 0 1,750,000 $8,750,000 5,000 5,000 5,000 5,000 0 9,000 65,000 65,000 65,000 65,000 5,000 25,000 5,000 0 0 0 0 15,000 62,500 62,500 62,500 62,500 0 0 87,500 87,500 87,500 87,500 0 100,000 10,000 10,000 10,000 109000 10,000 20,000 15,000 15,000 15,000 15,000 15,000 50,000 250,000 245,000 245,000 245,000 30,000 2199000 $1,234,000 212,500 212,500 2129500 212,500 50,000 300,000 212,500 212,500 212,500 212,500 50,000 300,000 $19200,000 0 0 0 0 25,000 0 2,000 2,000 2,000 2,000 0 5,000 49500 4,500 4,500 4,500 0 0 50,000 50,000 50,000 50,000 0 0 0 0 0 0 0 395009000 0 0 0 0 0 500,000 15,000 15,000 15,000 15,000 5,000 25,000 0 0 0 0 0 250,000 719500 71,500 71,500 71,500 30,000 4,280,000 $4,596,000 5,000 5,000 5,000 5,000 2,000 2,000 2,000 2,000 3,000 3,000 3,000 3,000 7,500 7,500 7,500 7,500 5,000 5,000 5,000 5,000 22,500 22,500 22,500 22,500 $2,613,500 $2,508,500 $2,611,500 $3,798,500 5,000 5,000 2,000 5,000 3,000 3,000 7,500 79500 5,000 5,000 22,500 25,500 $138,000 $132,500 $8,724,500 TOTAL $20,389,000 NOTES: 1) TNESE ESTIMATED COSTS MAY BE RELOCATED TO ANOTHER SECTION OR LINE AS APPROPRIATE TO IMPLEMENT THE REDEVELOPMENT PLAN OBJECTIVES; 2) CONSTRUCTION COSTS ARE SUBJECT TO THE ENGINEERING NEWS RECORD INDEX,BASE VALUE =4200 3) NON- OONSTRUCTION COSTS ARE SUBJECT TO M OONSLMER PRICE INDEX, BASE VALLT- -316 4) SOUTH ADDITION CONSTRUCTION COSTS ARE SUBJECT TO THE ENGINEERING NEWS RDOCRD INDEX,BASE VALUE =4990 5) SOUTH ADDITION NON - CONSTRUCTION COSTS ARE SUBJECT TO 1NE ODNsumER PRICE INDEX, BASE VALUE =423 Approved on May 18,,1992 - Ordinance No. 0 -92 -27 POSSIBLE DEVELOPMENT AREA FORMER SARA LEE BAKERY FACILITY Because this privately owned property is uniquely located within the Village, its redevelopment offers the Village an opportunity to control the planning for the area so as to strengthen the Village as a whole and minimize potentially adverse impacts. Specifically, the following objectives, will be sought regarding this area as well as all other applicable recommendations included in this plan: Nk ............ ............. ............. ............. ............. 1. Planned Development Preferred Use of the planned development concept in this area is strongly preferred. 2. Preferred Land Use The redevelopment of this parcel with a variety of housing types is preferred, including high density' rental housing, thereby supplementing the existing housing stock; expanding the range of housing options, and providing potential customers for Village Center* businesses. The Village should take those steps necessary to encourage and facilitate the residential ;development of this property. 3. Incompatible Land Uses The Village strongly desires to contain and strengthen the existing business and office districts and to prevent strip commercial development. Retail development of the fifty acre parcel could adversely impact both the Village Center* and outlying commercial districts. Similarly, office development of the entire site has the potential of creating traffic problems due to limited access to major streets. Therefore, the redevelopment of the Sara Lee site as an office park or as commercial development or combination of office and commercial uses is not recommended. While the Sara Lee Baking facility has been a desirable manufacturing use, the redevelopment or reuse of the property for other manufacturing uses is not recommended. The character of the area around the facility has changed since it was built. The area was originally one of industrial uses. Today those uses have been replaced by uses of a residential nature or uses which are more compatible with nearby residential uses.' 4. Other Considerations The Village recognizes that conditions may exist which make it desirable to redevelop the property with uses other than residential or in combination with residential uses. Only those uses which can demonstrate that they will not adversely impact traffic within the Village and will have a positive impact on the Village Center* and other commercial areas of the Village should be encouraged. Any such developments should be done in conformance with all of the recommendations below and all other applicable recommendations included in the Plan. 5. Integration with "South of Commons "* Due consideration should be given to the integration of the area designated "Possible Development Area 1" with the redevelopment of the Sara Lee property. Access to the road network should be provided. Consideration should be given to the possible expansion of commercial uses into the area lying south of the Commons Shopping Center. 6. Access A. Access to Waukegan Road and Kates Road should be limited and located with respect to safety. No additional access points on Kates Road should be permitted and access to Waukegan Road should be restricted. B. Any redevelopment of this site should include road connections to the north so as to integrate the site with the area to the north. C. Pedestrian and bicycle paths should be provided to facilitate access to the shopping areas, community facilities, railroad station, and schools located to the north of the subject property. D. Provisions should be included'in any plan for the site to facilitate connections or integration into any transportation systems of the future. E. Adequate screening and buffering from the railroad tracks should be required. Measures should be taken to ensure that employees or residents of the Sara Lee property cannot access the park area to the west of the railroad tracks inappropriately. -2- 7. Utilities A. All utilities should be required to be located underground. B. The continued use of the existing sewage treatment plant on the site should be evaluated. C. All utility connections should be done in accordance with all applicable regulations. Any use of well water should be closely monitored and allowed only for industrial use. D. Appropriate storm water control measures should be followed and any storm water detention or retention facility developed on the site should be done so that it becomes an amenity and not an eyesore. 8. Open Space A. Any redevelopment of of permanent, usable open spaces include gardens. the site should include areas open space. Examples of such employee recreation areas and B. If the property is to be developed residentially, adequate open space should be required. Because the area would become a "neighborhood" in its own right and because of the nature of Kates and Waukegan Roads, a park area should be required as part of the site planning. C. Attractive landscaped entries should be provided and the generous setback from Waukegan Road should be maintained. 9. Creative Development The Village strongly encourages high quality innovative and creative development of this property. It is extremely important that the potential of this property not be sacrificed to conventional subdivision and development controls and patterns. Because of the unique problems inherent in redeveloping a manufacturing site, the Village should take, steps to create those mechanisms which would permit a variety of housing types including high density* housing. 10. High Quality Development Existing development in the Village is characterized by the high quality of design and materials used, a large amount of open space, and generous and attractive landscaping. Maintenance and continuation of this type of development is strongly desired for its high aesthetic value and its compatibility with the residential character of the Village. -3-