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Ordinance 2001-26 f1 ORDINANCE No. l�d� AN ORDINANCE OF THE UNITED CITY OF YORKVILLE, KENDALL COUNTY, ILLINOIS, DESIGNATING THE FOX INDUSTRIAL PARK AREA A TAX INCREMENT REDEVELOPMENT PROJECT AREA PURSUANT TO THE Tax Increment Allocation Redevelopment Act WHEREAS. it is desirable and in the best interests of the citizens of the United City of Yorkville, Kendall County, Illinois (the "Municipality"), for the Municipality to implement tax increment allocation financing pursuant to the Tax Increment Allocation Redevelopment Act (the "Act"), as amended 65 ILCS 5/11-74.4-1 et seq. for a redevelopment project and plan (the "Project and Plan") Mthin the municipal boundaries of the Municipality and within a proposed redevelopment project area (the "Area") described in Section 1 of this Ordinance; and, WHEREAS,the Mayor and City Council of the Municipality(the "Corporate Authorities ") have heretofore by ordinance adopted and approved the Project and Plan, which Project and Plan were identified in such ordinance and were the subject, along with the Area designation hereinafter made, of a public hearing held on the 19`' day of April, 2001, at the Yorkville City Hall, and it is now necessary and desirable to designate the Area as a "redevelopment project area" pursuant to the Act. NOW, THEREFORE, BE IT ORDAINED by the Mayor and City Council of the United City of Yorkville, Kendall County, Illinois, as follows: Section 1. Area Designated. The Area, as legally described in Exhibit A-1 attached hereto and incorporated herein as if set out in full by this reference, is hereby designated as a redevelopment project area pursuant to Section 11-74.4-4 of the Act. The map of the Area is depicted on Exhibit A-2 attached hereto and incorporated herein as if set out in full by this reference. Section 2. Invalidity of Any Section. If any section, paragraph or provision of this Ordinance shall be held to be invalid or unenforceable for any reason, the invalidity or unenforceability of such section, paragraph or provision shall not affect any of the remaining provisions of this Ordinance. Section 3. Superseder and Effective Date. All ordinances, resolutions, motions or orders in conflict hereczith the same hereby are, repealed to the extent of such conflict, and this Ordinance shall be in full force and effect immediately upon its passage by the Corporate Authorities and approval as provided by law. APPROVED this D` day of 2001, pursuant to a roll call vote as follows: PALL JAMES MARTY MUNNS RICHARD STICKA MIKE ANDERSON VALERIE BURR ROSE SPEARS LARRY KOT JOSEPH BESCO APPROVED by me, as Mayor of the United City of Yorkville, Kendall County, Illinois, this day of A.D. 2001. MAYOR PASSED by the City Council of the United City of Yorkville, Kendall County, Illinois, this kbrl- Day of A.D. 2001. CITY CLERK . t Exhibit A-1 Legal Description The oundaries of the Project Area have been carefully drawn to include only those contiguous parcels of real propem- a:d improvements substantially benefited by the proposed Redevelopment Projec:to be undertaken ._s part of this Redevelopment Plan. The boundaries are shown in Figure 1, Pro;_::r Area Boundary, a-_d are generally described below: The Project Area is generally bounded by the north property line of parcels fronting Beaver Street and a oortion of Route 1-6 on the north, Deer Street on the east, the south property line of parcels fronn-g Wolf Street and a portion extended to Illinois Route 47 on the south, and Illinois Route 47 on the west. The boundaries for the P-eject Area are legally described as follows: That oart of the NW quai_er of Section 4, Township 36 North, Range 7 East of the Third Principal Meridian, and that part of he NE quarter of Section 5, township and range aforesaid, commencing at the northeast corner of said Section 5, thence South 89°40'05" West along the north line of the northeast quarter of Secton 5, 655.52' to the centerline tangent of Illinois Route No. 47 extended from the south, thence South 1°44'07"East along said centerline tangent and along the centerline of said Illinois Route No. ';`, 475.21', thence South 89°58'06" East, 470.23 to the Point of the Beg�nning, also being the Northwest Corner of Lot 4, Block 1 of Fox Industrial Park Unit 1, thence South 89°58'06" East, 10256.06', thence North 0025'09" East, 191.58' to the southwesterly right-of- wav line of Illinois Route No. 126, thence South 57°34'51" East along said right-of-way line, 357.66', thence North �_9°58'06" West 15.64 , thence South 09°09'49" West, 354.49' to the intersection of the northerly line of Beaver Street and the westerly line of Deer Street, thence South 09°09'49" West along said westerly line a distance of 1535.60' to the Southwest Corner of Fox Industrial Park Unit 4, t_^_ence North 81°52'08" West. 1410.60' along the south line of-said Fox Industrial Park Unit 4 el:ended to the east line of Illinois Route 47, thence along said line North 114407" West, 390.06 to the southwest comer of Fox Industrial Park Unit 5, thence North 81°5-'08" West, 65.98' to the centerline of Illinois Route No. 47, thence North 1°44'07" West, 886.00' thence North 8S°15'53" East, 469.01', thence North 1 044'07" West 368.36' to the Point of Beginning, containing 6-.:,76 acres, more or less. Exhibit A-2 Legal Description 190 11 ey 09 26 �i 105 104 i -012 O� -o01 228 -048 13 050 -002 -013 1 -008 -010 E= I r Beaver St. 1 -001 -001 I , I ' 003 ' -002 -002 , 1 ' I -001 151 - 03 004 005 ' I O0 ' -006 ' 0 004 � � -011 i 229 -007 cn r -012 -005 a �l 1 In 1 �' -0os -013 52 _o^ -002 �! 1 -014 L 007 -016 -015 Wolf St. 276 Q -014 -00' -003 -008 I I -015 -010 -012 i i i Project Ara?oundary 276 Block Nu,�—er � -008 Parcel NCr-..er Fig Project Area Boundary • • e ' • :ax frcrement Financ ng Redeveicpment Pre c- Prepared 3y:Trkla, Pettigrew,Allen&Payne, Inc.