O-92-56STATE, OF ILLINOIS )
COUNTIES OF LAKE AND COOK ) SS
VILLAGE OF DEERFIELD )
3258537
RcCORDE
LAK[ COUNTY, ILLINOIS
9/ DEC 16 AIM 9: 51
4r
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 -56 entitled "Ordinance Adopting Tax Increment
Allocation Financing in the Village of Deerfield, Illinois"
as appears in the records and files of the office of the Village Clerk.
Dated this December 9, 1992
ROPERT D
Village Clerk
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` 11/10/92 - 1320
ORDINANCE NO: 0 -92 -56
ORDINANCE ADOPTING TAX INCREMENT ALLOCATION FINANCING IN
THE VILLAGE OF DEERFIELD, ILLINOIS
WHEREAS, the Village of Deerfield, Illinois 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 (here-
inafter referred to as the "Act ") for the Redevelopment Plan and
Redevelopment Project heretofore approved and adopted pursuant to
an ordinance adopted by the President and Board of Trustees of the
Village on December 7, 1992 and entitled: "Ordinance Adopting
and Approving a Tax Increment Redevelopment Plan and a Tax Incre-
ment Redevelopment Project for the Village of Deerfield, Illinois"
(the "Redevelopment Ordinance ") ; and
WHEREAS, the Village has designated the area referred to
in said plan as a Redevelopment Project Area as provided in the
Act pursuant to an ordinance adopted by the President and Board of
Trustees of the Village on December 7 , 1992 and entitled:
"Ordinance Designating a Tax Increment Redevelopment Project Area
in the Village of Deerfield, Illinois" (the "Designation Ordi-
nance"); and
WHEREAS, by virtue of the adoption of the Redevelopment
Ordinance and the Designation Ordinance, the Village has amended
its redevelopment plan adopted December 15, 1986, and has altered
the exterior boundaries of its redevelopment project area desig-
nated on December 15, 1986, all as permitted by Section 11- 74.4 -5
of the Act.
3258537
A
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND
BOARD OF TRUSTEES OF THE VILLAGE OF DEERFIELD, ILLINOIS, AS
FOLLOWS:
Section 1. Tax increment allocation financing is hereby
adopted with respect to the Redevelopment Plan and the Redevelop-
ment Project approved and adopted pursuant to the Redevelopment
Ordinance in the Village of Deerfield in respect to the Redevelop-
ment Project Area described in Exhibit A to this ordinance and
designated pursuant to the Designation Ordinance.
Section 2. Ad valorem taxes, if any, arising from the
levies upon taxable real property in the Redevelopment Project
Area by taxing districts and tax rates determined in the manner
provided in paragraph (c) of Section 11= 74.4 -9 of the Act each
year after the effective date of this ordinance until the redevel-
opment project costs and obligations financing redevelopment proj-
ect costs incurred have been paid shall be divided as follows:
(a) That portion of taxes levied upon each taxable lot,
block, tract or parcel of real property which is attributable
to the lower of the current equalized assessed value or the
initial equalized assessed value of each such taxable lot,
block, tract or parcel of real property in the Redevelopment
Project Area shall be allocated to and when collected shall
be paid by the county collector to the respective affected
taxing districts in the manner required by law in the absence
of the adoption of tax increment allocation financing.
325853'
3
-2-
(b) That portion, if any, of such taxes which is at-
tributable to the increase in the current equalized assessed
valuation of each taxable lot, block, tract or parcel of real
property in the Redevelopment Project Area over and above the
initial equalized assessed value of each property in the Re-
development Project Area shall be allocated to and when col-
lected shall be paid to the Village Treasurer who shall de-
posit said funds in a special fund called the "Special Tax
Allocation Fund" of the Village for the purpose of paying re-
development project costs and obligations incurred in the
payment thereof.
If the Village does not extend an ad valorem tax arising
from levies on taxable real property to be included in the deter-
mination of incremental revenues in the manner provided in para-
graph (c) of Section 11- 74.4 -9 of the Act, it shall annually de-
posit in the Special Tax Allocation Fund an amount equal to 10$ of
the total contributions to the Special Tax Allocation Fund from
all other taxing districts in that year.
The Village hereby pledges the funds in and to be de-
posited in the Special Tax Allocation Fund for the purpose of pay-
ing redevelopment project costs and obligations incurred in the
payment thereof.
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.
325853'7
-3-
4
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:
President
(SEAL)
Attest:
V l ge Clerk
1992. Published in pamphlet form this 7th day of December
Vil"ge Clerk
325853'7
QC
CERTIFICATE
I, 'Robert D. Franz, Village Clerk of the Village of
Deerfield, Illinois, hereby certify that the foregoing ordinance
entitled: "Ordinance Adopting Tax Increment Allocation Financing
in the Village of Deerfield, Illinois," is a true copy of an orig-
inal ordinance 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 regular 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 compared by me with the original ordinance signed by
the President, and recorded in the Ordinance Book of the Village
and that it is a correct transcript thereof and of the whole of
said ordinance, and that said ordinance has not been altered,
amended, repealed or revoked, but is in full force and effect.
IN WITNESS WHEREOF, I have hereunto set my hand and
affixed the seal of the Village this 7th day of December , 1992,
ViXlhage Clerk
325853'7
-5-
EXHIBIT
The boundaries of the Area are legally described as:
That part of the southwest i of Section 28, the southeast } of Section
29, the northeast I 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 10.01; 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,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
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
325853'
1
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 °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, Ownerts First Addition to
Deerfield, Recorded September 2S, 191S as Document 161061; thence
west to aforementioned corner and continuing due west a distance of
277.221 more or less; thence northwest of aforesaid line 105' 221
2310 a distance of 51.881; thence northerly to the southeast corner
of Lot 10 Woodman's Resubdivision; thence westerly to the southwest
corner of Lot 3, Natty19 Resubdivision; thence south along the west
property line of said Lot 3 if extended a distance of 10.301;
thence south 23' B a distance of 356.951 to a point which is 3051
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 30041; 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. 3238337
t.
..puf005 /13 -3 /23788 /saturn
11/10/92 - 1320
ORDINANCE NO. 0 -92 -56
ORDINANCE ADOPTING TAX INCREMENT ALLOCATION FINANCING IN
THE VILLAGE OF DEERFIELD, ILLINOIS
WHEREAS, the Village of Deerfield, Illinois 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 (here-
inafter referred to as the "Act ") for the Redevelopment Plan and
Redevelopment Project heretofore approved and adopted pursuant to
an ordinance adopted by the President and Board of Trustees of the
Village on December 7 , 1992 and entitled: "Ordinance Adopting
and Approving a Tax Increment Redevelopment Plan and a Tax Incre-
ment Redevelopment Project for the Village of Deerfield, Illinois"
(the "Redevelopment Ordinance "); and
WHEREAS, the Village has designated the area referred to
in said plan as a Redevelopment Project Area as provided in the
Act pursuant to an ordinance adopted by the President and Board of
Trustees of the Village on December 7 , 1992 and entitled:
"Ordinance Designating a Tax Increment Redevelopment Project Area
in the Village of Deerfield, Illinois" (the "Designation Ordi-
nance"); and
WHEREAS, by virtue of the adoption of the Redevelopment
Ordinance and the Designation Ordinance, the Village has amended
its redevelopment plan adopted December 15, 1986, and has altered
the exterior boundaries of its redevelopment project area desig-
nated on December 15, 1986, all as permitted by Section 11- 74.4 -5
of the Act.
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND
BOARD OF TRUSTEES OF THE VILLAGE OF DEERFIELD, ILLINOIS, AS
FOLLOWS:
Section 1. Tax increment allocation financing is hereby
adopted with respect to the Redevelopment Plan and the Redevelop-
ment Project approved and adopted pursuant to the Redevelopment
Ordinance in the Village of Deerfield in respect to the Redevelop-
ment Project Area described in Exhibit A to this ordinance and
designated pursuant to the Designation Ordinance.
Section 2. Ad valorem taxes,.if any, arising from the
levies upon taxable real property in the Redevelopment Project
Area by taxing districts and tax rates determined in the manner
provided in paragraph (c) of Section 11- 74.4 -9 of the Act each
year after the effective date of this ordinance until the redevel-
opment project costs and obligations financing redevelopment proj-
ect costs incurred have been paid shall be divided as follows:
(a) That portion of taxes levied upon each taxable lot,
block, tract or parcel of real property which is attributable
to the lower of the current equalized assessed value or the
initial equalized assessed value of each such taxable lot,
block, tract or parcel of real property in the Redevelopment
Project Area shall be allocated to and when collected shall
be paid by the county collector to the respective affected
taxing districts in the manner required by law in the absence
of the adoption of tax increment allocation financing.
-2-
(b) That portion, if any, of such taxes which is at-
tributable to the increase in the current equalized assessed
valuation of each taxable lot, block, tract or parcel of real
property in the Redevelopment Project Area over and above the
initial equalized assessed value of each property in the Re-
development Project Area shall be allocated to and when col-
lected shall be paid to the Village Treasurer who shall de-
posit said funds in a special fund called the "Special Tax
Allocation Fund" of the Village for the purpose of paying re-
development project costs and obligations incurred in the
payment thereof.
If the Village does not extend an ad valorem tax arising
from levies on taxable real property to be included in the deter-
mination of incremental revenues in the manner provided in para-
graph (c) of Section 11- 74.4 -9 of the Act, it shall annually de-
posit in the Special Tax Allocation Fund an amount equal to 10% of
the total contributions to the Special Tax Allocation Fund from
all other taxing districts in that year.
The Village hereby pledges the funds in and to be de-
posited in the Special Tax Allocation Fund for the purpose of pay-
ing redevelopment project costs and obligations incurred in the
payment thereof.
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.
-3-
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:
J
President
(SEAL) f
i •`
Attest:
i age Clerk
1992.
Published in pamphlet form this 7th day of December
'
Vi ;,age Clerk
-4-
CERTIFICATE
I, Robert D. Franz, Village Clerk of the Village of
Deerfield, Illinois, hereby certify that the foregoing ordinance
entitled: "Ordinance Adopting Tax Increment Allocation Financing
in the Village of Deerfield, Illinois," is a true copy of an orig-
inal ordinance 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 regular 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 compared by me with the original ordinance signed by
the President, and recorded in the Ordinance Book of the Village
and that it is a correct transcript thereof and of the whole of
said ordinance, and that said ordinance has not been altered,
amended, repealed or revoked, but is in full force and effect.
IN WITNESS WHEREOF, I have hereunto set my hand and
affixed the seal of the Village this 7th day of December
-5-
cx�
Vi ge Clerk
, 1992.
EXHIBIT
The boundaries of the Area are legally described as:
That part of the southwest } of Section 28, the southeast } of Section
29, the northeast I 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 fine 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.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
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 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 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, 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 105° 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 10.30';
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 3001; thence
westerly at a right angle to the last described Iine 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.