Resolution 2004-24 aoo�-
RESOLUTION No. c)q
A RESOLUTION PROVIDING FOR A FEASIBILITY STUDY
AND REPORT WITH RESPECT TO THE DESIGNATION
OF AN AREA AS A TAX INCREMENT FINANCING
REDEVELOPMENT PROJECT AREA
WHEREAS, the United City of Yorkville, Kendall County, Illinois (the "City"), desires
to conduct a feasibility study of certain property described and depicted on Exhibit A attached to
this Resolution and located within the City (such property is referred to in this Resolution as the
"Area") in order to determine the eligibility of the Area as a "redevelopment project area"
pursuant to the provisions of the Tax Increment Allocation Redevelopment Act, 65 ILCS 5/11-
74.4-1 et seq., (the"Act"); and,
WHEREAS, the City desires URS/TPAP of Chicago, Illinois, to undertake a study and
to prepare a report with respect to whether the Area demonstrates factors that adversely impact
on real property in the Area and whether or not the area qualifies as a "redevelopment project
area" pursuant to the Act.
NOW, THEREFORE, BE IT RESOLVED by the Mayor and City Council of the
United City of Yorkville, Kendall County, Illinois, as follows:
Section 1. The recitals contained in the preambles to this Resolution are incorporated in
this Resolution as if set out fully herein.
Section 2. The Mayor of the City is hereby authorized and directed to direct URS/TPAP
to undertake a feasibility study to determine the eligibility of the Area as a redevelopment project
area under the Act due to factors that adversely impact on real property in the Area and to certify
the existence of such conditions; and, if eligible, to proceed to draft a "redevelopment plan and
project'' which address such adverse factors..
Section 3. Pursuant to the Act, once the City adopts tax increment financing, all real
estate tax revenue attributable to any increase in the assessment of property included in a
"redevelopment project area" is distributed to the City for reinvestment in the Area for certain
purposes permitted by the Act.
Section 4. The City Council hereby agrees to reimburse itself for the costs incurred in
connection with the feasibility study and report in the event the Act is adopted by the City for the
Area and incremental real estate taxes are available for payment of such costs pursuant to the
Act.
Section 5. The City Council also agrees to reimburse certain redevelopment project costs
as defined by the Act from incremental real estate taxes in the Special Tax Allocation Fund as
defined by the Act, in the event the Act is adopted for the Area and such costs advance the
redevelopment plan and project for the redevelopment project area. Such redevelopment project
costs may include costs of studies, surveys, plans, architectural and engineering services,
acquisition of land, rehabilitation of existing buildings, construction of public works and such
other items as permitted by the Act.
Section 6. The City Clerk shall cause copies of this Resolution to be mailed to all taxing
districts that would be affected by such designation in accordance with the provisions of Section
11-74.4-4.1 of the Act and direct that any and all questions, comments, suggestions or requests
for information be directed to:
Tony Gaff, City Administrator
800 Game Farm Road
Yorkville, Illinois 60560
Section 7. This Resolution shall be in full force and effect from and after its passage and
approval.
PASSED by the City Council of the United City of Yorkville, Kendall County, Illinois,
this day of August, 2004.
APPROVED:
Mayor
Attest:
City e
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Exhibit A
Legal Description
Sent By: TRILAND; 70B 531 8217; 17 Aug'04 3:23PM;Job 133;Page 2/2
EXHIBIT "A"
LEGAL,DESCRIPTION
LOT 7 (EXCEPT THAT PART DESCRIBED AS FOLLOWS: COMMENCING AT THF.
MOST EASETE-RLY SOUTHEAST CORNER OF SAID LOT 7, THENCE NORTH 80
DEGREES, 58 MINUTES, 11 SECONDS WEST ALONG SOUTHERLY LINE 309.0 FEET
TO A SOUTHEAST CORNER OF SAID LOT 7 FOR A POINT OF BEGINNING; THENCE
SOUTH 80 DEGREES, 58 MINUTES 11 EAST ALONG SAID SOUTHERLY LINE 309.0
FEET TO A SOUTHEAST CORNER OF SAID LOT 7, THENCE NORTH 04 DEGREES, 45
MINUTES EAST ALONG AN EASTERLY LINE OF SAID LOT 7, 90.0 FEET; THENCE
NORTH 80 DEGREES, 58 MINUTES, 11 SECONDS WEST 140.35 FEET; THENCE SOUTH
70 DEGREES, 02 MINUTES 02 SECONDS, WEST 185.15 FEET TO THE POINT OF
BEGINNING; AND ALSO EXCEPTING THAT PART AS FOLLOWS: BEGINNING AT
THE INTERSECTION OF THE SOUTHERNMOST LINE OF LOT 6 OF SAID
RESUBDIVISION WITH THE WESTERLY LINE OF ILLINOIS ROUTE NO, 47; THENCE
SOUTH 69 DEGREES, 59 MINUTES 14 SECONDS WEST ALONG SAID
SOUTHERNMOST LINE 230.45 FEET TO THE SOUTHERNMOST CORNER OF SAID
LOT 6; THENCE SOUTH 19 DEGREES, 57 MINUTES, 46 SECONDS EAST 192.30 FEET;
THENCE NORTH 70 DEGREES, 02 MINUTES, 14 SECONDS EAST 141.82 FEET TO SAID
WESTERLY LINE; THENCE NORTH 04 DEGREES, 45 MINUTES, 00 SECONDS FAST
ALONG SAID WESTERLY LINE 211.98 FEET TO THE POINT OF BEGINNING) OF THE
RESUBDIVISION OF PART OF BLOCK 1, COUNTRYSIDE CENTER, UNIT NO. 1,
YORKVILLE, ILLINOIS, IN THE UNITED CITY OF THE VILLAGE; OF YORKVILLE,
KENDALL COUNTY, ILLINOIS.
PIN: 02.28.104-015
A-1