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O-04-03ORDINANCE 0-04-03 DISSOLVING THE SPECIAL TAX ALLOCATION DISTRICT FOR THE VILLAGE OF DEERFIELD REDEVELOPMENT PLAN AND PROJECT - LAKE COOK ROAD REDEVELOPMENT PROJECT AREA NO. 1 BE IT ORDAINED by the President and Board of Trustees of the Village of Deerfield, Cook and Lake Counties, Illinois, as follows: WHEREAS, the Village of Deerfield, Cook and Lake Counties, Illinois (hereinafter referred to as "Village "), adopted tax increment financing for the redevelopment project area commonly described as the Lake Cook Road Redevelopment Project Area No. 1 (hereinafter referred to as the "Area ") in March, .1982, which Area is legally described in Exhibit "A" attached hereto and made a part hereof; and WHEREAS, the Village adopted tax increment financing in respect to a Redevelopment Plan and Project (hereinafter referred to as the "Plan ") for the Area which included as funding sources State and local sales tax increment and real estate tax increment; and WHEREAS, the goals and objectives of the Plan have now been fulfilled; and WHEREAS, all redevelopment project costs, including without limitation all municipal obligations financing redevelopment project costs, incurred by the Village in accordance with the Act, will be paid prior to the dissolution date; and WHEREAS, the Village Treasurer will distribute and pay to the Cook and Lake County Collectors, the Illinois Department of Revenue and the Village General Fund, all surplus funds remaining in the Special Tax Allocation Fund after all project costs and all obligations issued to finance such costs have been paid in accordance with the provisions of 65 ILCS 5/11- 74.4 -8 of the Illinois Compiled Statutes. 1 NOW, THEREFORE, BE IT RESOLVED by the Village Board of the Village of Deerfield, Cook and Lake Counties, Illinois: Section One: That the Village will pay prior to the dissolution date all redevelopment project costs incurred by the Village, retire all obligations issued by the Village to finance such costs and will distribute any excess monies in accordance with law. Section Two: The Village hereby dissolves the Special Tax Allocation Fund of the development project area and terminates the designation of the redevelopment project area as a redevelopment project area effective on December 31, 2004. Section Three: The Village Clerk is hereby authorized and directed to forward a copy of this Ordinance to the County Clerks of Cook County and Lake County, Illinois Section Four: That this Ordinance shall be in, full force and effect from and after its passage, approval and publication in the manner provided by law. Section Five: That all other ordinances or parts of ordinances in conflict with this Ordinance are hereby repealed. PASSED: This 20tday of January 2004 AYES: Benton, Kayne, Rosenthal, Seiden, Wylie (5) NAYS ABSENT: None Swanson (1) 0a APPROVED by me this 20t&y of January / 2004 Cook an"e Counties, Illinois ATTESTED AND FILED in my office thiM nday of Jan. 2_104, and published in pamphlet form of the 2 2 ndday of January , 2 0 0 4 rvia rd-e—ik Co:Dccrficld /Ordinance 12 .30 03 EXHIBIT A Starting at the Southeast Corner of the Southwest Quarter of Section 33; thence Northerly fifty feet; thence westerly 991.82 feet to the point of beginning; thence southeast - wardly along the westernmost right -of -way line of the Chicago, Milwaukee, St. Paul and Pacific Railroad 1470 feet; thence westerly 106 feet to the Northernmost right -of -way line of the Edens Spur; thence westerly along said right -of -way line 2183 feet; thence Northerly along the easternmost tollway right -of -way line*of Pfingsten Road 1062 feet, approximately, to the centerline of Lake -Cook Road; thence westerly 1298 feet along the centerline of Lake -Cook Road; thence Southerly 1073 feet along the western property line of the Northbrook Gun Club to the Northern right -of -way line of the Edens Spur; thence Westerly 2786.35 feet to the Westerly right -of- way line of Huehl Road; thence Northerly along said right - of -way line 403 feet to the Southeast corner of the property commonly known as the "Strub Farm "; thence Westerly 1653.77 feet to the Southwest corner of said "Strub Farm ", thence Northerly along the property line. of "Strub Farm" 731.74 feet to the centerline of Lake -Cook Road; thence East along said centerline 4432.44 feet; thence Northerly*1387.38 feet to the centerline of the West Fork of the North Branch of the.Chicago River; thence Northerly along said centerline 1589.41 feet to the northern right -of -way line of Hackberry; thence east along said right -of -way line 1090 feet to the Southeast corner o€ Shepard.School, commonly known as 440 Grove Aven.ue ;. thence South 40 feet to the centerline of Hackberry; thence Easterly 793.9 feet to a point 393.10 feet West of the Westerly right -of -way line of the Chicago, Milwaukee; St. Paul and Pacific Railroad; thence North 611.2 feet; thence East 104 feet to the Westerly right -of -way line of the Chicago, Milwaukee,' St. Paul and Pacific Railroad; thence Southerly along said right -of --way line 1352.85 feet; thence East to and along the Northern right-of-way line of Kates Road 1600.37 feet to the centerline of Waukegan Road; thence southerly along said centerline 2172.65 feet; thence West 78.7 feet to a point intersecting the Northernmost right -of -way line -of Lake -Cook Road; thence westerly along . said right -of -way line 1635.37 feet to the point of beginning; all located in Sections 4, 5, 6, 32 and 33, Townships 42 and 43 North, Range 12, East of the Third Principal Meridian, in Lake and Cook Counties, Illinois. A, STATE OF ILLINOIS COUNTIES OF LAKE AND COOK VILLAGE OF DEERFIELD 5840226 SS j FILED FOR RECORD BY: MARY ELLEN VANDERVENTER LAKE COUNTY: IL RECORDER 08/18/2005 - 10:12:05 A.M. RECEIPT 0: 240146 DRAWER 4: 29 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 -04 -04 entitled "An Ordinance Authorizing an Amendment to Special Use for an Addition to Holy Cross Church, 724 Elder Lane" as appears in the records and files of the office of the Village Clerk. Dated this January 22, 2004 a � W WAM'112.�iUNAI P& U� WA4 K- A Village Clerk MAIL Submitted by:TO Village of Deerfield Iv 850 Waukegan Road Deerfield, IL 60015 a