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Ordinance 2003-35 ORDINANCE NO. �p03'3S AN ORDINANCE PROPOSING THE ESTABLISHMENT OF SPECIAL SERVICE AREA NUMBER 2003-102 (RAINTREE VILLAGE— SOUTH f.k.a. The Highlands) IN THE UNITED CITY OF YORKVIL,LE AND PROVIDING FOR OTHER PROCEDURES IN CONNECTION THEREWITH BE IT ORDAINED BY THE CITY COUNCIL OF THE UNITED CITY OF YORKVILLE, KENDALL COUNTY, ILLINOIS AS FOLLOWS: Section 1. Authority. The United City of Yorkville, Kendall County, Illinois (the "City:") is authorized pursuant to Article VII, SectionSpecial( f Service Constitution Lawe St to o of Illinois, and pursuant to the provisions of the Illino 200/27-5 et seq. (the "Act"), which provides, inter alia, the manner of levying or imposing taxes and issuing bonds for the provision of special services to areas within the boundaries of municipalities and counties. Section 2. Findings. The City Council of the City finds and determines as follows: a. Owners of record (the "Owners') of that portion of the City described in Exhibit A attached hereto and made a part hereof (hereinafter the "Subject Territo ') have expressed an interest in the construction, acquisition and installation of various infrastructure improvements to their properties as further described herein; and b. Pursuant to Section 27-20 of the Act, the Owners have filed an application with the City Council of the City proposing that the City establish a special service area (the"App1T ication'); and C. It is in the public interest that the City Council of the City consider the creation of a special service area for the Subject Territory; and d. The special service area proposed for consideration is compact and contiguous and is outlined on the map of a portion of the City, which map is attached hereto as Exhibit B and made a part hereof; and e. The proposed special service area will benefit specially from the municipal services to be provided to the area. These proposed municipal services are in addition to municipal services provided to the City as a whole. Section 3. Proposal. In response to the expressed interest of the Owners, the City Council of the City hereby accepts the Application and proposes the establishment of City of Yorkville Special Service Area Number 2003-102 (Raintree Village — South f.k.a.The Highlands) for the construction, acquisition and installation of infrastructure improvements to serve the Subject Territory. Section 4. Public Hearing. A public hearing shall be held on the day of , 2003, at 7:00 p.m., at the Yorkville City Hall, 800 Game Farm Road, Yorkville, Illinois, to consider the creation of the City of Yorkville Special Service Area Number 2003-102 (Raintree Village— South fk.a. The Highlands), in the Subject Territory. At the hearing, the following alternative methods of financing improvements within the proposed special service area will be considered: (i) the imposition or levy by the City of a tax in the proposed special service area sufficient to produce revenues to provide special municipal services to the proposed special service area; the maximum rate of such taxes to be extended in any year for special services under this ordinance within the proposed special service area shall not exceed the amount necessary to produce a maximum annual tax levy of $1,200,000 in accordance with the special tax roll referred to below, and (ii) the borrowing of an amount not to exceed an aggregate principal amount of $12,000,000 to be evidenced by special tax bonds of such area (the "Bonds'), the proceeds of which shall be used to pay the cost of providing special municipal services to the proposed special service area, to fund certain reserves for, and interest on, the Bonds and initial administrative expenses relating to the proposed special service area, and to pay the cost of issuing the Bonds. The special municipal services to be provided to the proposed special service area may include: engineering, soil testing and appurtenant work, mass grading and demolition, storm water management facilities, storm drainage systems and storm sewers, site clearing and tree removal, public water facilities, sanitary sewer facilities, erosion control measures, roads, streets, curbs, gutters, street lighting, traffic controls, sidewalks, equestrian paths and related street improvements, and equipment and materials necessary for the maintenance thereof, landscaping, wetland mitigation and tree installation, costs for land and easement acquisitions relating to any of the foregoing improvements, required tap-on and related fees for water or sanitary sewer services and other eligible costs. The Bonds, if issued, shall be retired over a period not to exceed forty (40) years from the date of their issuance and shall bear interest at a rate not to exceed the greater of nine percent (9%) per annum or 125% of the rate for the most recent date shown in the 20 G.O. Bonds Index of average municipal bond yields as published in the most recent edition of The Bond Buyer, published in New York, New York, at the time the contract is made for the sale of the Bonds. The Bonds, if issued, shall be retired by the levy of an annual tax levied against each parcel of property within the special service area pursuant to a special tax roll to pay the interest on the Bonds as it falls due and to discharge the principal thereof at maturity and to pay the costs of administration and maintenance of the Subject Territory. This tax is to be levied upon all taxable property within the proposed special service area. Section 5. Notice of Public Hearing. Notice of hearing shall be published at least once not less than fifteen (15) days prior to the public hearing specified in Section 4 above, in a newspaper of general circulation in the City. In addition, notice shall be given by depositing the notice in the United States mail addressed to the person or persons in whose name the general taxes for the last preceding year were paid on each lot, block, tract or parcel of land lying within the proposed special service area. This notice shall be mailed not less than ten (10) days prior to the time set for the public hearing. In the event taxes for the last preceding year were not paid, the notice shall be sent to the person last listed on the tax rolls prior to that year as the owner of the property. The notice to owners of record shall be in substantially the form set forth in Exhibit C to this Ordinance. 2 Section 6. Supercede Conflicting, Ordinances. All ordinances or parts of ordinances in conflict with the provisions of this ordinance are repealed to the extent of such conflict. Section 7. Effective Date. This Ordinance shall be in full force and effect from and after its passage and approval in the manner provided by law. PAUL JAMES MARTY MUNNS RICHARD STICKA WANDA OHARE VALERIE BURD ROSE SPEARS r, LARRY KOT JOSEPH BESCO PASSED AND APPROVED this-;;)`k day 2003. Mayor ATTEST: le [SEAL] 3 EXHIBIT A Legal Description EXHIBIT B Map of Special Service Area Number 2003-102 (Raintree Village— South fk.a The Highlands) E= NOTICE OF HEARING UNITED CITY OF YORKVILLE SPECIAL SERVICE AREA NUMBER 2003-102 (RAINTREE VILLAGE— SOUTH f ka. The Highlands) 2003 at 7:00 p.m. at the Yorkville NOTICE IS HEREBY GIVEN that on Illinois, a hearing will be held by the City of City Hall, 800 Game Farm Road, Yorkville, Yorkville to consider forming a special service area, to be called e City of Highlands)," consisting Special Service Area Number 2003-102 (Raintree Village — South f of the territory legally described in Exhibit 1 to this Notice. The approximate street location is the area generally depicted on the map of a portion of the City, which map is attached as Exhibit 2 to this Notice. The general purpose of the formation of the provide special omunice pal services to the area Number 2003-102 (Raintree Village— South) is to rto t and which may include: engineering, soil testing and appurtenant work, mass grading demolition, storm water management facilities, storm drainage and storm sewers, site clearing and tree removal, public water facilities, sanitary sewer ties erosion l uestnan measures, roads, streets, curbs, gutters, street e t 1 hnm traffic and materials the paths and related street improvements, a equipment r land and maintenance thereof, landscaping, wetland mitigation installation, required tap-on related easement acquisitions relating to any of the foregoing improvements, fees for water or sanitary sewer services and other eligible costs. There will also be considered at the hearing the following alternative methods of y the financing improvements within the proposed special sole area: revenues to provide special City in the proposed special service area, sufficient produce municipal services to the proposed special service area; the maximum rate of such taxes to be extended in any year within the proposed special service 200 which in shall not exceed the amount with the spec al necessary to produce a maximum annual tax levy o $ , re principal tax roll referred to below, and (ii) the issuance of special tax bonds in an aggregate p p amount not to exceed $12,000,000 at an interest rate recent dateoshownan the greater the 20 G.O. Bonds Index (9%) per annum or 125% of the rate for the most of average municipal bond yields as published in the sale of the bonds, and published in New York, New York, at the time th e contract is made for , shall be to mature within thirty (30) years from the date of their issuance. bonds, to pay the anterest on retired by the levy of an annual tax established pursua nt to a special tax roll such bonds as it falls due and to discharge the principal e at and be le pay ed the upon all of administration and maintenance of the special service area, said tax t taxable property within the proposed special service area. At the hearing, all interested persons affected by the formation of such special service area, including all persons owning taxable real estate therein, may file written objections to and be heard orally regarding the formation of and the boundaries of the special service area, the issuance of bonds and the levy of taxes affecting the area. The hearing may be adjourned by the City Council without further notice other than a motion to be entered upon the minutes of its meeting fixing the time and place of its adjournment. If a petition signed by at least 51% of the electors residing within the City of Yorkville Special Service Area Number 2003-102 (Raintree Village— South fk.a The Highlands) and by at least 51% of the owners of record of the land included within the boundaries of the City of Yorkville Special Service Area Number 2003-102 (Raintree Village — South fk.a. The Highlands) is filed with the City Clerk of the City of Yorkville within 60 days following the final adjournment of the public hearing objecting to the creation of the special service area, the issuance of bonds for the provision of special sulchsbonds may the levy or taxes taxes levied or og the area, no such area may be created and no imposed. 2 Exhibit 1 to Notice Legal Description of Property Exhibit 2 to Notice Map of Proposed Special Service Area EXki b4A � LXhib(� L SSA SOUTH-THE HIGHLANDS/ka 4fr6C V i ILZ. . PART OF THE SOUTHWEST QUARTER OF SECTION 3 AND PART OF THE SOUTH HALF OF SECTION 4 AND PART OF SECTION 9 AND PART OF THE NORTHWEST QUARTER OF SECTION 10, ALL IN TOWNSHIP 36 NORTH, RANGE 7 EAST OF THE THIRD PRINCIPAL MERIDIAN, DESCRIBED AS FOLLOWS: COMMENCING AT THE INTERSECTION OF THE CENTERLINE OF ILLINOIS STATE ROUTE NO. 71 WITH THE EASTERLY LINE OF THE ABANDONED RIGHT OF WAY OF THE FOX AND ILLINOIS UNION RAILWAY COMPANY; THENCE SOUTH 12' 4-Y 53" EAST ALONG SAID EASTERLY LINE, 1102.34 FEET TO A PONT OF CURVATURE; THENCE SOUTHERLY ALONG SAID EASTERLY LINE BEING A CURVE CONCAVE WESTERLY HAVING A RADIUS OF 1644.91 FEET, AN ARC LENGTH OF 540.21 FEET, A CHORD BEARING OF SOUTH 03' 19' 23" EAST AND A CHORD DISTANCE OF 537.78 FEET; THENCE SOUTH 06° 05' 07 WEST ALONG SAID EASTERLY LINE, 27.35 FEET TO A POINT OF CURVATURE; THENCE SOUTHERLY ALONG SAID EASTERLY LINE, BEING A CURVE CONCAVE EASTERLY HAVING A RADIUS OF 1607.46 FEET, AN ARC LENGTH OF 131.61 FEET, A CHORD BEARING OF SOUTH 03' 44' 23" WEST AND A CHORD DISTANCE OF 131.57 FEET TO A SOUTHWESTERLY LINE OF "OAK HILL FARIMW AS SHOWN ON A PLAT RECORDED N PLAT BOOK 5 AT PAGE 16 A:v"D NOW I.N CABINET OF PLATS AT SLOT 303; THENCE SOUTH 76' 53' 04­ EAST ALONG SAID SOUTHWESTERLY LINE, 599.82 FEET TO AN ANGLE PONT N SAID SOUTHWESTERLY LINE; THENCE SOUTH 52° 55' 31" EAST ALONG A SOUTHWESTERLY LINE OF SAID "OAK HILL FARM", 947.27 FEET FOR THE POINT OF BEGINNING; THENCE NORTH 47° 04' 29" EAST, 33.00 FEET; THENCE NORTH 42° 55' 31" WEST, 90.00 FEET TO A POINT OF CURVATURE; THENCE NORTHWESTERLY AND NORTHERLY ALONG A CURVE CONCAVE NORTHEASTERLY HAVING A RADIUS OF 370.00 FEET, AN ARC LENGTH OF 277.19 FEET, A CHORD BEARING OF NORTH 21- 27' 45" WEST, AND A CHORD DISTANCE OF 270.76 FEET; THENCE NORTH 00° 00' 00" WEST, 7').86 FEET; THENCE NORTH 90° 00' 00" EAST, 135.00 FEET; THENCE NORTH 50° 5')' 55" EAST, 90.20 FEET; THENCE NORTH 90' 00' 00" EAST, 11.39 FEET TO A POINT OF CURVATURE; THENCE NORTHEASTERLY ALONG A CURVE CONCAVE NORTHWESTERLY HAVING A RADIUS OF 67.00 FEET, AN ARC LENGTH OF 61.89 FEET, A CHORD BEARING OF NORTH 63° 32' 15" EAST, AND A CHORD DISTANCE OF 59.71 FEET; THENCE NORTH 37° 04' 29" EAST, 566.88 FEET TO A PONT OF CURVATURE; THENCE NORTHEASTERLY, EASTERLY AND SOUTHEASTERLY ALONG A CURVE CONCAVE SOUTHERLY HAVING A RADIUS OF 158.00 FEET, AN ARC LENGTH OF 246.22 FEET, A CHORD BEARING OF NORTH 81° 43' 09" EAST AND A CHORD DISTANCE OF 222.05 FEET; THENCE NORTH 36° 21' 48" EAST, 125.19 FEET; THENCE NORTH 89° 45' 42" EAST, 284.11 FEET; THENCE NORTH 00° 14' 18" WEST, 80.00 FEET; THENCE SOUTH 89° 45' 42- WEST, 135.00 FEET; THENCE NORTH 00' 14' 18" WEST, 106.00 FEET; THENCE NORTH 89° 45' 42- EAST, 201.00 FEET; THENCE NORTH 00° 14' 18" WEST, 58.58 FEET TO A POINT OF CURVATURE; THENCE NORTHERLY ALONG A CURVE CONCAVE WESTERLY HAVING A RADIUS OF 333.00 FEET, AN ARC LENGTH OF 100.21 FEET, A CHORD BEARING OF NORTH 08° 51' 33" WEST, AND A CHORD DISTANCE OF 99.83 FEET; THENCE NORTH 17° 28' 47" WEST, 22.02 FEET TO A POINT ON A CURVE THROUGH WHICH A RADIAL LINE BEARS NORTH 15' 26' 27" WEST; THENCE EASTERLY ALONG A CURVE CONCAVE SOUTHERLY HAVING A RADIUS OF 1272.00 FEET, AN ARC LENGTH OF 317.92 FEET, A CHORD BEARING OF NORTH 81° 4')' 10"EAST AND A CHORD DISTANCE OF 317.09 FEET; THENCE NORTH 88' 52' 46" EAST, 313.55 FEET; THENCE SOUTH 00' 14' 18" EAST, 324.16 FEET; THENCE SOUTH 89° 45' 42" WEST, 270.00 FEET; THENCE SOUTH 71' 50' 06" WEST, 69.37 FEET; THENCE SOUTH 89' 45' 42" WEST, 270.00 FEET; THENCE SOUTH 00' 14' 18" EAST, 80.00 FEET; THENCE NORTH 89° 45' 42" EAST, 270.00 FEET; THENCE NORTH 71' 50' 06" EAST, 69.37 FEET; THENCE NORTH 89' 45' 42" EAST, 336.00 FEET; THENCE NORTH 00' 14' 18" WEST, 57.13 FEET; THENCE NORTH 88' 52' 46" EAST, 510.04 FEET; THENCE SOUTH 01' 07' 14" EAST, 626.99 FEET; THENCE NORTH 88 052'46" EAST, 508.12 FEET; THENCE NORTH 01'07'14" WEST, 626.99 FEET; THENCE NORTH 88°52'46" EAST, 399.03 FEET TO A POINT OF CURVATURE; THENCE EASTERLY AND NORTHEASTERLY ALONG A CURVE CONCAVE NORTHWESTERLY HAVING A RADIUS OF 390.00 FEET, AN ARC LENGTH OF 341.45 FEET, A CHORD BEARING OF NORTH 63°47'52" EAST, AND A CHORD DISTANCE OF 330.65 FEET; THENCE NORTH 38°42'59" EAST, 1716.64 FEET TO A POINT ON THE CENTERLINE OF ILLINOIS ROUTE 126 THROUGH WHICH A RADIAL LINE BEARS NORTH 39 023'36" EAST; THENCE SOUTHEASTERLY ALONG SAID CENTERLINE, BEING A CURVE CONCAVE SOUTHWESTERLY HAVING A RADIUS OF 6875.55 FEET, AN ARC LENGTH OF 232.44 FEET, A CHORD BEARING OF SOUTH 49°38'17"EAST AND A CHORD DISTANCE OF 232.43 FEET TO THE EAST LINE OF THE SOUTHWEST QUARTER OF SAID SECTION 3; THENCE SOUTH 00°03'41"WEST ALONG SAID EAST LINE, 775.42 FEET TO THE NORTHEAST CORNER OF THE NORTHWEST QUARTER OF SAID SECTION 10; THENCE SOUTH 00°06'21" EAST ALONG SAID EAST LINE, 1306.31 FEET; THENCE SOUTH 88°52'46" WEST, 2654.27 FEET TO THE EAST LINE OF THE NORTHEAST QUARTER OF SAID SECTION 9; THENCE SOUTH 00° 14' 19" EAST ALONG SAID EAST LINE, 1317.03 FEET TO THE NORTHEAST CORNER OF THE SOUTHEAST QUARTER OF SAID SECTION 9; THENCE SOUTH 00° 02' 59" EAST ALONG THE EAST LINE OF SAID SOUTHEAST QUARTER, 659.40 FEET TO A STONE MONUMENT ON THE EAST Lr.N, -E OF SAID SOUTHEAST QUARTER AND ON THE SOUTHWESTERLY LINE OF SAID "OAK HILL FARM"; THENCE NORTH 52' 55' 31" WEST ALONG SAID SOUTHWESTERLY LINE, 2643.93 FEET TO THE POINT OF BEGLIIivTLNG; (CONTAINING 157.727 t ACRES) ALL IN KENDALL TOWNSHIP, KENDALL COUNTY, ILLINOIS. SPECIAL SERVICE AREA (SSA) EXHIT:IT SS ?TH (BOND ISSUE ONE) AND SSA SOUTH (BOND ISSUE TWO) ,� e� P.O.R. SSA NORTH - P.O.C. SSA SOUTH ! e 5 j2 17q�Vyef rt� Pall a ercwmc 7 rp w �y1 •r•� .e t s wear rAeu + �M�s,,,cam ^a ��1 os g.Y„''+ ••`= "y ~ , •' - ..�� _- _. Aft - i A NOrrrx. . � SSA NO MN DTN � •ir7e'.r � I.J..tt 11 ]Il!!' _ .- - � - ,mot . • ��bQlr� • _� -_. - - ___ .. _ _ .. SSA SOUTX. I . dW s aI f V•• N;r ,de Y _.. �y�. .Paiyi .1e�1'w•C JM aJ' °�O •• • ,TrY c o SSA SO UM a ..- rr .Ja1111•C •• - _ � .YS]'6”C Jour ��-•—s� ♦ ,a ld `�'s� •nee '"w . 3 i,Jomm•r •cacao•[. � _ SSA SOUrx 5- •SAP s� ! - / r V � PO.S. SSA 5OU'H - 0 150' J00' 900. Scale l° = 300' ,1 r ✓• \\ l S Survey.Vo. C 5 4 4 3 Ordered Ry. Wyndham Da-point ACO HEFNER ASSOCIATES, P.0 Dexr,ptlon: SPECIAL SERVICE AREA (SSA) EXHISM s / MINCCU suamoRs i eu c'm on., Dale Prepared. Aprd I9. 2003 leu,4 411esre 6011! I " or,. el!)?3e-elleo rAX(815)'»0-6s6e 3-le 1• • J0o rcP,red r'I pu