Resolution 2013-21 Resolution No. 2013-
A RESOLUTION OF THE UNITED CITY OF YORKVILLE,
KENDALL COUNTY, ILLINOIS, TO INDUCE THE REDEVELOPMENT OF
CERTAIN PROPERTY WITHIN THE YORKVILLE DOWNTOWN
TAX INCREMENT REDEVELOPMENT PROJECT AREA j
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WHEREAS , the United City of Yorkville, Kendall County, Illinois (the " City") , is a duly
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organized and validly existing municipality of the State of Illinois pursuant to the 1970 Illinois
Constitution and the Illinois Municipal Code, as from time to time amended (the "Municipal
Code") (65 ILCS 5/65 - 1 - 1 -2 , etseq. ) ; and,
WHEREAS , the Mayor and City Council of the City (the " Corporate Authorities") , as
authorized by the Municipal Code, undertook an eligibility study and report with respect to a
redevelopment project and plan for a certain area and, based on said report, on June 13 , 2006 ,
approved a redevelopment project and plan pursuant to Ordinance No . 2006-46 for said specific
area designated by Ordinance No . 2006-47 as the Yorkville Downtown Redevelopment Project
Area (the "Project Area ") and by Ordinance No . 2006-48 , adopted tax increment financing for
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the payinent and financing of redevelopment project costs incurred within the Project Area
pursuant to the Tax Inclement Allocation. Redevelopment Act, 65 ILCS 5/11 -74 .4- 1 , et seq . , (the
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" TIF Act") ; and,
WHEREAS , the City has been informed by Dallas C . Ingemunson and Delores
Ingemunson (collectively hereinafter the "Developer"), , owners of certain property within the
"downtown district" of the City, commonly known as 226 S . Bridge Street and identified as
parcel number 02 -33 - 154-025 , which property is improved with a building of approximately
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1500 square feet and located within the Project Area (the "Subject Property"), that they propose
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to rehabilitate and the building and convert the existing offices into a commercial use
(collectively the "Project") ; and,
WHEREAS , the Developer has also informed the City that the ability to proceed with
the Project requires financial assistance from the City for certain costs to be incurred in
connection with the Project which costs would constitute "Redevelopment Project Costs" as such
term is defined in the TIF Act; and,
WHEREAS , the Developer would like to incur certain costs in connection with the
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Project prior to the approval of any ordinance authorizing the execution of a redevelopment
agreement with the City pertaining to the Project wherein reimbursement for such costs may be
considered between the parties subject to certain conditions ; and,
WHEREAS , the Developer desires such costs related to the redevelopment of the
Subject Property be able to qualify for consideration as redevelopment project costs that can be
reimbursed utilizing tax increment financing, provided that such costs constitute "Redevelopment
Project Costs" as such term is defined in the TIF Act; and,
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WHEREAS , this Resolution is intended to allow the Developer to incur certain costs
relating to the Project that may be considered "Redevelopment Project Costs" as such term is
defined in the TIF Act, prior to approval of any ordinance authorizing the execution of a
redevelopment agreement with the City, subject to the conditions set forth in Section 3 of this
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Resolution.
NOW, THEREFORE, BE IT RESOLVED by the Mayor and City Council of the
United City of Yorkville, Kendall County, Illinois, as follows :
Section 1 . That the above recitals are incorporated herein and made a part hereof.
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Section 2 . That the City Council may consider expenditures that are "Redevelopment
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Project Costs" as such term is defined in the TIF Act, in connection with the Project, incurred
prior to the approval and execution of a redevelopment agreement with the Developer, or a
successor or assignee of the Developer, to be expenditures that are eligible for reimbursement
through the TIF Act to the extent the Project is in furtherance of the redevelopment project and
plan for the overall Project Area,
Section 3 . That all undertakings of the City set forth in this Resolution are specifically
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contingent upon the City approving and executing a redevelopment agreement with the
Developer, or a successor or assignee of the Developer which provides for the redevelopment of
the Subject Property, in accordance with the terms and conditions to be negotiated by the parties .
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Section 4 . That any financial assistance rendered to the Developer by the City shall be
contingent upon the authority, restrictions, terms and conditions imposed by the TIF Act.
Section S . That this Resolution shall be in full force and effect from and after its passage
and approval as provided by law.
PASSED by the Mayor and City Council of the United City of Yorkville, Illinois, this
day of yLV �� �/-eyylyj P�/' , 2013 .
CARLO COLOSIMO ` KEN KOCH
JACKIE MILSCHEWSKI LARRY KOT
CHRIS FUNKHOUSER JOEL FRIEDERS
ROSE ANN SPEARS DIANE TEELING
APPROVED :
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Mayor
Attest:
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City Clerk
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