Loading...
Ordinance 2018-02 UNITED CITY OF YORKVILLE KENDALL COUNTY, ILLINOIS ORDINANCE NO.2018-02 AN ORDINANCE OF THE UNITED CITY OF YORKVILLE,KENDALL COUNTY,ILLINOIS TO SET A DATE FOR,AND TO APPROVE A PUBLIC NOTICE OF A PUBLIC HEARING ON THE UNITED CITY OF YORKVILLE,KENDALL COUNTY,ILLINOIS, DOWNTOWN REDEVELOPMENT PROJECT AREA#2 it Passed by the City Council of the United City of Yorkville,Kendall County,Illinois This 9t'day of January, 2018 Published inam hlet form b the P P Y authority of the Mayor and City Council of the United City of Yorkville,Kendall County,Illinois on January 17,2018. Ordinance No. 2018- NZ AN ORDINANCE OF THE UNITED CITY OF YORKVILLE,KENDALL COUNTY,ILLINOIS, TO SET A DATE FOR,AND TO APPROVE A PUBLIC NOTICE OF A PUBLIC HEARING ON THE UNITED CITY OF YORKVILLE,KENDALL COUNTY,ILLINOIS,DOWNTOWN REDEVELOPMENT PROJECT AREA#2 WHEREAS, the United City of Yorkville, Kendall County, Illinois (the "City") is a municipal corporation and political subdivision of the State of Illinois and as such is reviewing the Tax Increment Allocation Redevelopment Act, 65 ILCS 5/11-74.4-1, et seq. (the "Act") for the purpose of designating the United City of Yorkville, Kendall County, Illinois Downtown Redevelopment Project Area#2; and, WHEREAS, pursuant to the Act, the City is required to adopt an ordinance fixing the time and place for a public hearing on the proposed United City of Yorkville, Kendall County, Illinois Downtown Redevelopment Project Area#2; and, WHEREAS, the City desires to adopt this Ordinance in order to comply with such requirements of 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. The above recitals are incorporated herein and made a part hereof. Section 2. It is necessary and in the best interests of the City that a public hearing be held prior to the consideration of the adoption by the Mayor and City Council of the City (the "Corporate Authorities") of an ordinance or ordinances approving the United City of Yorkville, Kendall County, Illinois Downtown Redevelopment Project Area #2 Redevelopment Plan (the "Plan"), designating the United City of Yorkville, Kendall County, Illinois Downtown Redevelopment Project Area #2 (the "Project Area") and adopting tax increment allocation I financing, and accordingly, it is necessary that a date for such public hearing be established and notice thereof be given, all in accordance with the provisions of the Act. i Section 3. It is hereby determined that a public hearing (the "Hearing") on the proposed Plan for the proposed Project Area, as legally described in Exhibit A, attached hereto and made a part hereof this Ordinance, shall be held on the 13th day of March,2018 at 7:00 p.m., at the United City of Yorkville City Hall, 800 Game Farm Road, Yorkville, Illinois. Section 4. Within a reasonable time after the adoption of this ordinance, the Plan along with the name of the contact person at the City shall be sent to the affected taxing districts by certified mail. Section S. Notice of the Hearing is hereby authorized to be given by publication and mailing, said notice by publication to be given at least twice, the first publication to be not more than thirty (30) nor less than ten (10) days prior to the Hearing in a newspaper of general circulation within the taxing districts having property in the Project Area, and notice by mailing to be given by depositing such notice in the United States mail by certified 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 Project Area and to each residential address located within the Project Area, not less than ten (10) days prior to the date set for the Hearing. In the event taxes for the last preceding year were not paid, notice shall also be sent to the persons last listed on the tax rolls within the preceding three (3) years as owner(s) of such property. Section 6. Notice of the Hearing is hereby directed to be in substantially the form found in Exhibit B which is attached hereto and made a part hereof. Section 7. The notice provided for in Section 6 is hereby directed to be given by mail, not less than forty-five (45) days prior to the date set for the Hearing, to all taxing districts of which taxable property is included in the proposed Project Area and to the Illinois Department of Commerce and Economic Opportunity ("DCEO"). Notice shall include an invitation to each taxing district and DCEO to submit written comments to the City, in care of the City Clerk of the United City of Yorkville, City Hall, 800 Game Farm Road, Yorkville, Illinois 60560, concerning the subject matter of the Hearing prior to the date of the Hearing. Section 8. It is hereby ordered that a Joint Review Board (the "Board") shall be convened on the 130h day of February, 2018 at 4:00 p.m., at City Hall, 800 Game Farm Road, Yorkville, Illinois 60560, which is not sooner than fourteen (14) days nor later than twenty-eight (28) days following the notice to be given to all taxing districts, as provided in Section 7 above, to review the public record, the proposed Plan and the proposed ordinances approving the proposed Plan, designating the Project Area and adopting tax increment financing. The Joint Review Board shall consist of a representative selected by the community college district, local community unit school district, township, fire protection district, and the county that has authority to directly levy taxes on the property in the proposed Project Area, a representative i selected by the City, and a public member to be selected by a majority of other Joint Review Board members, and shall act in accordance with the applicable provisions of the Act. Section 9. The document entitled United City of Yorkville, Kendall County, Illinois Downtown Redevelopment Project Area #2 Redevelopment Plan has been available for inspection and review commencing the 1St day of December, 2017 which is more than 10 days prior to the adoption of this Ordinance at the office of the City Clerk at City Hall, 800 Game Farm Road,Yorkville, Illinois, during regular office hours. Section 10. Notice of the establishment of an interested parties' registry which entitles all registrants to receive information on activities related to the proposed designation of a I redevelopment project area and the preparation of a redevelopment plan and project has been published. Section 11. If any section, paragraph, clause, or provision of this Ordinance shall be held invalid, the invalidity of such section,paragraph, clause, or provision shall not affect any of the other provisions of this Ordinance. Section 12. All ordinances, resolutions, motions or orders in conflict with this Ordinance are hereby repealed to the extent of such conflict. Section 13. This Ordinance shall be in full force and effect immediately upon its passage. Passed by th City Council of the United City of Yorkville, Kendall County, Illinois this day of ,2018. CITY CLERk CARLO COLOSIMO KEN KOCH JACKIE MILSCHEWSKI j Gi'cl/} ARDEN JOE PLOCHER CHRIS FUNKHOUSER JOEL FRIEDERS SEAVER TARULIS ALEX HERNANDEZ Approved by me, as Mayor of the United City of Yorkville, Kendall County, Illinois, this It dayof JANIUA)2( , 2018. MA O Attest: City Clerk STATE OF ILLINOIS ) SS. COUNTY OF KENDALL ) CERTIFICATE I, Lisa Pickering, Deputy City Clerk of the United City of Yorkville, Kendall County and State of Illinois, DO HEREBY CERTIFY that the foregoing is a true and correct copy of Ordinance No. 2018-02: "AN ORDINANCE OF THE UNITED CITY OF YORKVILLE,KENDALL COUNTY, ILLINOIS,TO SET A DATE FOR,AND TO APPROVE A PUBLIC NOTICE OF A PUBLIC HEARING ON THE UNITED CITY OF YORKVILLE,KENDALL COUNTY,ILLINOIS DOWNTOWN REDEVELOPMENT PROJECT AREA#2" which was adopted by the Mayor and City Council of the United City of Yorkville on the 91'day of January, 2018. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the corporate seal of the United City of Yorkville this 17'h day of January, 2018. Lisa Pickering, Deputy Ci lerk I i II I Exhibit A Legal Description Downtown Redevelopment Project Area #2 THAT PART OF SECTIONS 32 AND 33,TOWNSHIP 37 NORTH,RANGE 7 EAST OF THE THIRD PRINCIPAL MERIDIAN AND PART OF THE NORTHWEST QUARTER OF SECTION 4, TOWNSHIP 36 NORTH,RANGE 7 EAST OF THE THIRD PRINCIPAL MERIDIAN DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHERLY CORNER OF LOT 83 IN KENDALLWOOD ESTATES;THENCE NORTH ALONG THE EAST LINE OF SAID KENDALLWOOD ESTATES TO THE SOUTH LINE OF THE SOUTHWEST QUARTER OF SAID SECTION 33;THENCE WESTERLY ALONG THE SAID SOUTH LINE TO THE NORTHERLY LINE OF DYDYNA COURT;THENCE WESTERLY ALONG THE SAID NORTHERLY LINE TO THE SOUTH LINE OF THE SOUTHWEST QUARTER OF SAID SECTION 33;THENCE WESTERLY ALONG SAID SOUTH LINE TO THE SOUTHEASTERLY LINE OF BENJAMIN STREET;THENCE NORTHERLY TO THE SOUTHERLY CORNER OF LOT 5 IN SAID KENDALLWOOD ESTATES;THENCE NORTHWESTERLY ALONG THE SOUTHWEST LINE OF SAID LOT 5 TO THE EASTERLY LINE OF LOT 86 IN SAID KENDALLWOOD ESTATES;THENCE NORTHERLY ALONG THE EASTERLY LINE OF SAID LOT 86 TO THE SOUTHERLY CORNER OF LOT 12 IN SAID KENDALLWOOD ESTATES;THENCE NORTHEASTERLY ALONG THE SOUTHEASTERLY LINE OF SAID LOT 12 TO THE WEST LINE OF TOMASIK COURT;THENCE NORTHERLY ALONG SAID WEST LINE TO THE SOUTHERLY MOST CORNER OF LOT 17 IN SAID KENDALLWOOD ESTATES;THENCE NORTHERLY ALONG THE WESTERLY LINE OF SAID LOT 17 TO THE SOUTHEASTERLY LINE OF LOT 27 IN SAID KENDALLWOOD ESTATES; THENCE NORTHEASTERLY ALONG THE SOUTHEASTERLY LINE OF SAID LOT 27 TO THE WESTERLY LINE OF SAID BENJAMIN STREET; THENCE NORTHERLY ALONG THE WESTERLY LINE OF SAID BENJAMIN STREET TO THE NORTH LINE OF LOT 29 IN SAID KENDALLWOOD ESTATES;THENCE WESTERLY ALONG THE NORTH LINE OF SAID LOT 29 TO THE EASTERLY LINE OF LOT 84 IN SAID KENDALLWOOD ESTATES;THENCE NORTHERLY ALONG THE EASTERLY LINE OF SAID LOT 84 TO THE NORTH LINE OF SAID LOT 84;THENCE WEST ALONG SAID NORTH LINE TO THE EAST LINE OF THE COMMONWEALTH EDISON RIGHT OF WAY;THENCE NORTH ALONG SAID EAST LINE TO THE SOUTH LINE OF EAST VAN EMMON STREET;THENCE WEST ALONG SAID SOUTH LINE TO THE EAST LINE OF VAN EMMON STREET ADDITION TO YORKVILLE; THENCE SOUTH ALONG SAID EAST LINE TO THE SOUTH LINE OF SAID VAN EMMON STREET ADDITION TO YORKVILLE;THENCE WEST ALONG SAID SOUTH LINE TO THE WEST LINE OF SAID VAN EMMON STREET ADDITION TO YORKVILLE; THENCE NORTH ALONG SAID WEST LINE AND SAID WEST LINE EXTENDED NORTH,TO THE NORTH LINE OF VAN EMMON STREET; THENCE WEST ALONG THE NORTH LINE OF SAID VAN EMMON STREET TO THE WEST LINE OF A PARCEL OF LAND CONVEYED BY DEED RECORDED JULY 3, 1990, AS DOCUMENT 904281;THENCE NORTH ALONG THE WEST LINE OF SAID PARCEL TO THE NORTH LINE OF SAID PARCEL;THENCE EAST ALONG THE NORTH LINE OF SAID PARCEL TO THE WEST LINE OF LOT 12 IN SECTION 33,ACCORDING TO THE PLAT THEREOF RECORDED ON PLAT BOOK 3 AT PAGE 96;THENCE NORTHERLY ALONG SAID WEST LINE TO THE NORTH LINE OF THE ILLINOIS RAILNET RIGHT OF WAY;THENCE WESTERLY ALONG SAID NORTH LINE TO THE NORTHERLY EXTENSION OF THE EAST LINE OF A PARCEL OF LAND WITH A P.I.N. OF 02-33-156-016;THENCE SOUTHERLY ALONG THE NORTHERLY EXTENSION OF SAID EAST LINE AND THE EAST LINES OF SAID PARCEL TO THE SOUTHERLY MOST CORNER OF SAID PARCEL;THENCE WEST ALONG THE SOUTH LINE OF SAID PARCEL TO THE SOUTHWEST CORNER OF SAID PARCEL;THENCE NORTH ALONG THE WEST LINE OF SAID PARCEL TO THE SOUTHWEST CORNER OF A PARCEL OF LAND WITH A P.I.N.OF 02-33-156-017;THENCE NORTH ALONG THE WEST LINE OF SAID PARCEL AND SAID WEST LINE EXTENDED TO THE NORTH LINE OF HYDRAULIC AVENUE; THENCE WEST ALONG SAID NORTH LINE TO THE NORTHERLY EXTENSION OF THE WEST LINE OF MILL STREET;THENCE SOUTH ALONG THE NORTHERLY EXTENSION OF THE WEST LINE OF MILL STREET AND THE WEST LINE OF MILL STREET TO THE SOUTH LINE OF LOT 4 IN TER-JAC SUBDIVISION; THENCE WEST ALONG SAID SOUTH LINE TO THE NORTHEAST CORNER OF LOT 2 IN SAID TER-JAC SUBDIVISION; THENCE SOUTH ALONG SAID EAST LINE TO THE SOUTH LINE OF SAID LOT 2;THENCE WEST ALONG SAID SOUTH LINE TO THE WEST LINE OF THE EAST 6 FEET OF LOT I IN SAID TER-JAC SUBDIVISION; THENCE SOUTH ALONG SAID WEST LINE TO THE SOUTH LINE OF SAID LOT 1;THENCE WEST ALONG SAID SOUTH LINE TO THE EAST LINE OF HEUSTIS STREET;THENCE NORTH ALONG SAID EAST LINE TO THE NORTH LINE OF EAST VAN EMMON STREET;THENCE WEST ALONG SAID NORTH LINE TO THE WEST LINE OF A PARCEL OF LAND DESCRIBED IN TRUSTEE'S DEED DATED JANUARY 23,2002 AND RECORDED AS DOCUMENT 200200002291;THENCE NORTH ALONG SAID WEST LINE TO THE NORTH LINE OF SAID PARCEL;THENCE EAST ALONG SAID NORTH LINE TO THE WEST LINE OF HEUSTIS STREET;THENCE NORTH ALONG SAID WEST LINE AND ALONG THE NORTHERLY EXTENSION THEREOF TO THE NORTH LINE OF SAID EAST HYDRAULIC AVENUE; THENCE WEST ALONG SAID NORTH LINE TO THE EAST LINE,EXTENDED NORTH,OF THE 20' ALLEY RUNNING THROUGH BLOCK SIX OF BLACKS ADDITION TO YORKVILLE;THENCE SOUTH ALONG SAID EAST LINE EXTENDED NORTH AND SAID EAST LINE TO THE SOUTH LINE OF EAST VAN EMMON STREET;THENCE EAST ALONG SAID SOUTH LINE TO THE NORTHEAST CORNER OF LOT 2 IN THE OLD SECOND NATIONAL BANK BRIDGE STREET SUBDIVISION; THENCE FOLLOWING A CLOCKWISE DIRECTION AROUND THE PERIMETER OF SAID LOT 2 TO THE EAST LINE OF ROUTE 47;THENCE SOUTH ALONG SAID EAST LINE TO THE SOUTH LINE OF LOT 1 IN SAID SUBDIVISION; THENCE EAST ALONG THE SOUTH LINE OF SAID LOT 1 TO A BEND POINT IN SAID SOUTH LINE; THENCE SOUTH ALONG A WEST LINE OF SAID LOT 1 TO THE NORTHWEST CORNER OF BELL STREET;THENCE SOUTH ALONG THE WEST LINE OF BELL STREET AND THE WEST LINE OF BELL STREET EXTENDED SOUTH TO THE SOUTH LINE OF EAST FOX STREET; THENCE WESTERLY,ON SAID SOUTH LINE,TO THE WEST LINE OF ILLINOIS ROUTE 47;THENCE SOUTHERLY,ON SAID WEST LINE,TO THE SOUTH LINE OF PARCEL TWO,DESCRIBED IN DEED RECORDED JULY 25,2003 AS DOCUMENT NUMBER 200300025623;THENCE WESTERLY ON SAID SOUTH LINE AND ON THE SOUTH LINE OF PARCEL DESCRIBED IN DEED RECORDED FEBRUARY 1, 2010 AS DOCUMENT NUMBER 201000002076 TO THE WEST LINE OF LOT 5 IN BLOCK 11 IN THE ORIGINAL VILLAGE OF YORKVILLE;THENCE NORTHERLY,ON SAID WEST LINE AND ON THE WEST LINE OF LOT 4 IN SAID BLOCK 11 TO THE SOUTH LINE OF LOT 1 IN SAID BLOCK 11; THENCE EASTERLY,ON THE SOUTH LINE OF SAID LOT 1 TO THE WEST LINE OF AFORESAID PARCEL TWO,DESCRIBED IN DEED RECORDED JULY 25,2003 AS DOCUMENT NUMBER 200300025623;THENCE NORTHERLY,ON SAID WEST LINE,TO THE SOUTH LINE OF WEST FOX STREET;THENCE NORTHERLY TO THE SOUTHWEST CORNER OF THE EASTERLY 30 FEET OF LOT 7 IN BLOCK 14 IN THE ORIGINAL VILLAGE OF YORKVILLE;THENCE EASTERLY,ON THE SOUTH LINE OF SAID LOT 7, 30 FEET TO THE EAST LINE OF SAID LOT 7;THENCE NORTHERLY ON THE EAST LINE OF SAID LOT 7 AND ON THE EAST LINE OF LOT 6 IN SAID BLOCK 14 TO THE NORTH LINE OF SAID LOT 6; THENCE WESTERLY ON SAID NORTH LINE TO THE EAST LINE OF A PARCEL WITH A PIN OF 02-32-429-002 AND OWNED BY THE COUNTY OF KENDALL;THENCE NORTHERLY,ON THE EAST LINE OF SAID PARCEL TO THE SOUTHEAST CORNER OF VACATED RIDGE STREET;THENCE NORTHERLY ON THE EAST LINE OF SAID VACATED RIDGE STREET TO THE EAST LINE OF VACATED JEFFERSON STREET;THENCE NORTHERLY ON SAID EAST LINE TO THE SOUTH LINE OF A PARCEL DESCRIBED IN WARRANTY DEED RECORDED SEPTEMBER 1, 1995 AS DOCUMENT NUMBER 9506986;THENCE EASTERLY,ON SAID SOUTH LINE, SAID LINE BEING THE CENTERLINE OF VACATED MADISON STREET TO THE EAST LINE OF SAID PARCEL,BEING ALSO THE WEST LINE OF ILLINOIS ROUTE 47; THENCE NORTHERLY,ON THE EAST LINE OF SAID PARCEL TO THE NORTH LINE OF SAID PARCEL,BEING ALSO THE SOUTH LINE OF VAN EMMON STREET;THENCE WESTERLY,ON SAID NORTH LINE,TO THE WEST LINE OF SAID PARCEL; THENCE SOUTHERLY ON SAID WEST LINE TO THE EASTERLY EXTENSION OF THE SOUTH LINE OF LOT 6 IN BLOCK 28 IN SAID ORIGINAL VILLAGE OF YORKVILLE; THENCE WESTERLY,ON SAID EASTERLY EXTENSION AND ON THE SOUTH LINE OF LOTS 5 AND 6 IN SAID BLOCK 28, 125 FEET MORE OR LESS TO THE EAST LINE OF LOT 3 IN SAID BLOCK;THENCE NORTHERLY ON SAID EAST LINE AND ON THE EAST LINE OF LOT 4, 100 FEET,MORE OR LESS,TO THE NORTH LINE OF LOT 5 IN SAID BLOCK; THENCE EASTERLY ON THE NORTH LINE OF SAID LOTS 5 AND 6 IN SAID BLOCK 28 TO THE SOUTHERLY EXTENSION OF THE WEST LINE OF LOT 6 IN BLOCK 1 IN BLACKS ADDITION;THENCE NORTHERLY ON SAID SOUTHERLY EXTENSION AND ON THE WEST LINE OF LOTS 6, 12, 11 AND 10 IN SAID BLOCK 1 TO THE SOUTH LINE OF THE NORTH HALF OF LOT 10;THENCE EASTERLY ON SAID SOUTH LINE AND ON THE SOUTH LINE OF THE NORTH HALF OF LOT 2 IN SAID BLOCK 1 TO THE WEST LINE OF ROUTE 47;THENCE NORTHERLY ON SAID WEST LINE TO THE NORTH LINE OF WEST HYDRAULIC AVENUE; THENCE WESTERLY,ON SAID NORTH LINE TO THE NORTHERLY EXTENSION OF THE EAST LINE OF MORGAN STREET;THENCE SOUTHERLY ON SAID NORTHERLY EXTENSION TO THE NORTH LINE OF WEST HYDRAULIC AVENUE; THENCE WESTERLY,ON SAID NORTH LINE TO THE NORTHERLY EXTENSION OF THE WEST LINE OF MORGAN STREET;THENCE SOUTHERLY,ON SAID NORTHERLY EXTENSION AND ON THE WEST LINE OF SAID MORGAN STREET TO THE SOUTH LINE OF THE NORTH HALF OF VACATED VAN EMMON STREET. THENCE WESTERLY,ON SAID SOUTH LINE TO THE SOUTHERLY EXTENSION OF THE WEST LINE OF LOT 2 IN BLOCK 24 IN BLACKS SECOND ADDITION;THENCE NORTHERLY,ON SAID SOUTHERLY EXTENSION AND ON THE WEST LINE OF SAID LOT 2 TO THE SOUTH LINE OF THE NORTHERLY 143 FEET OF LOTS 3 AND 4 IN SAID BLOCK 24; THENCE WESTERLY,ON SAID SOUTH LINE TO THE WEST LINE OF SAID LOT 4;THENCE NORTHERLY,ON SAID WEST LINE AND ON THE NORTHERLY EXTENSION OF SAID WEST LINE,TO THE NORTH LINE OF WEST HYDRAULIC AVENUE; THENCE WESTERLY,ON SAID NORTH LINE,TO THE EAST LINE OF WHITE OAK FARM UNIT 1;THENCE SOUTHERLY,ON SAID EAST LINE,TO THE SOUTH LINE OF PARCEL TWO,DESCRIBED IN TRUSTEES DEED RECORDED MARCH 5,2004 AS DOCUMENT 200400005336; THENCE EASTERLY,ON SAID SOUTH LINE TO THE WEST LINE OF PARCEL 3,DESCRIBED IN WARRANTY DEED,RECORDED OCTOBER 11,2012 AS DOCUMENT NUMBER 201200019862;THENCE NORTHERLY,ON SAID WEST LINE, 100 FEET MORE OR LESS TO THE WESTERLY EXTENSION OF THE SOUTH LINE OF MADISON STREET;THENCE EASTERLY,ON SAID WESTERLY EXTENSION TO THE SOUTHERLY EXTENSION OF THE WEST LINE OF LOT 3 IN BLOCK 23 IN BLACKS SECOND ADDITION; THENCE NORTHERLY, ON SAID SOUTHERLY EXTENSION TO THE NORTH LINE OF THE SOUTH HALF OF VACATED MADISON STREET; THENCE EASTERLY,ON SAID NORTH LINE TO THE NORTHERLY EXTENSION OF THE EAST LINE OF LOT 7 IN BLOCK 21 IN SAID BLACKS SECOND ADDITION; THENCE SOUTHERLY, ON SAID NORTHERLY EXTENSION TO THE SOUTH LINE OF WEST MADISON STREET;THENCE EASTERLY,ON SAID SOUTH LINE TO THE WEST LINE OF SAID SOUTH MAIN STREET;THENCE SOUTHERLY,ON SAID WEST LINE TO THE SOUTH LINE OF WEST WASHINGTON STREET;THENCE EAST ALONG SAID SOUTH LINE AND ALONG THE SOUTH LINE OF EAST WASHINGTON STREET TO THE WEST LINE OF THE EAST 10 FEET OF LOT 10 IN BLOCK 5 OF MASON'S ADDITION TO THE TOWN OF YORKVILLE,EXTENDED SOUTH;THENCE NORTH ALONG SAID WEST LINE EXTENDED AND SAID WEST LINE TO THE SOUTH LINE OF LOT 5 IN SAID BLOCK 5;THENCE EAST ALONG SAID SOUTH LINE AND THE SOUTH LINES OF LOTS 2, 3 AND 4 IN SAID BLOCK 5 TO THE EAST LINE OF SAID LOT 2;THENCE NORTH ALONG SAID EAST LINE AND SAID EAST LINE EXTENDED NORTH TO THE NORTH LINE OF EAST FOX STREET;THENCE EAST ALONG SAID NORTH LINE TO THE EAST LINE OF A PARCEL OF LAND WITH A P.I.N.OF 02- 33-301-011; THENCE NORTH ALONG SAID EAST LINE AND THE EAST LINE OF THE FOLLOWING 2 P.I.N.'S 02-33-301-008 AND 02-33-301-013 TO THE SOUTHEAST CORNER OF LOT 1 IN THE OLD SECOND NATIONAL BANK BRIDGE STREET SUBDIVISION;THENCE NORTH ALONG THE EAST LINE OF SAID LOT 1 TO THE SOUTH LINE OF A PARCEL OF LAND WITH A P.I.N. OF 02-33-301-004;THENCE EAST ALONG SAID SOUTH LINE AND SAID SOUTH LINE EXTENDED EAST,TO THE EAST LINE OF HEUSTIS STREET;THENCE NORTH ALONG SAID EAST LINE TO THE SOUTH LINE OF A PARCEL OF LAND WITH A P.I.N. OF 02- 33-304-005;THENCE EAST ALONG SAID SOUTH LINE TO THE WEST LINE OF A PARCEL OF LAND WITH A P.I.N. OF 02-33-304-014; THENCE NORTH ALONG SAID WEST LINE TO THE NORTH LINE OF SAID PARCEL; THENCE EAST ALONG SAID NORTH LINE TO THE WEST LINE OF MILL STREET;THENCE EASTERLY TO THE SOUTHEAST CORNER OF MILL STREET AND EAST RIDGE STREET;THENCE NORTH ALONG THE EAST LINE OF MILL STREET TO THE NORTH LINE OF PRICE'S FIRST ADDITION TO YORKVILLE; THENCE EAST ALONG SAID NORTH LINE TO THE EAST LINE OF SAID PRICE'S FIRST ADDITION; THENCE SOUTH ALONG SAID EAST LINE TO AN OLD CLAIM LINE DESCRIBED IN QUIT CLAIM DEED RECORDED JULY 6, 1988 AS DOCUMENT 883256;THENCE SOUTHEASTERLY ALONG SAID OLD CLAIM LINE TO THE WEST LINE OF THE COMMONWEALTH EDISON RIGHT OF WAY; THENCE SOUTH ALONG SAID RIGHT OF WAY TO THE SOUTH LINE OF THE SOUTHWEST QUARTER OF SAID SECTION 33;THENCE EAST ALONG SAID SOUTH LINE TO THE WEST LINE OF KENDALLWOOD ESTATES;THENCE SOUTH ALONG SAID WEST LINE TO THE SOUTHWESTERLY LINE OF SAID KENDALLWOOD ESTATES;THENCE SOUTHEASTERLY, ALONG SAID SOUTHWESTERLY LINE TO THE POINT OF BEGINNING IN THE UNITED CITY OF YORKVILLE,KENDALL COUNTY,ILLINOIS. I f Exhibit B Form of Notice of Public Hearing NOTICE OF PUBLIC HEARING UNITED CITY OF YORKVILLE,KENDALL COUNTY,ILLINOIS, PROPOSED APPROVAL OF THE UNITED CITY OF YORKVILLE, KENDALL COUNTY,ILLINOIS,DOWNTOWN REDEVELOPMENT PROJECT AREA#2 Notice is hereby given that on the 13'b day of March, 2018 at 7:00 p.m., at the United City of Yorkville City Hall, 800 Game Farm Road, Yorkville, Illinois, a public hearing (the "Hearing") will be held to consider the approval of the proposed United City of Yorkville, Kendall County, Illinois, Downtown Redevelopment Project Area #2 Redevelopment Plan (the "Plan"), the designation of the United City of Yorkville, Kendall County, Illinois, Downtown Redevelopment Project Area #2 (the "Project Area") and the adoption of tax increment financing therefore. The Project Area consists of the territory legally described on Exhibit A and generally described as follows: An area positioned around the Route 47 and Van Emmon Street intersection including a majority of the parcels both north and south of Van Emmon Street from 5 blocks west of Route 47 to 3 blocks east of Route 47, as well as parcels on the east side of Main Street from Madison Street to Washington Street, parcels on the west side of Mill Street from Van Emmon Street to Ridge Street, parcels on the east side of Heustis Street from Van Emmon Street to Fox Street, and parcels on the east side of Route 47 from Washington Street to Van Emmon Street. The Plan objectives are to reduce or eliminate blighting conditions, to enhance the tax base of the City and other affected taxing districts by encouraging private investment in commercial, office and mixed-use development within the Project Area, and to preserve and enhance the value of properties therein, all in accordance with the provisions of the "Tax Increment Allocation Redevelopment Act," effective January 10, 1977, as amended (the "Act'). The City may issue obligations to finance project costs in accordance with the Plan, which obligations may also be secured by the special tax allocation fund and other available funds, if any, as now or hereafter permitted by law, and which also may be secured by the full faith and credit of the municipality. At the Hearing, there will be a discussion of the Plan, designation of the Project Area, and the adoption of tax increment allocation financing for the Project Area. The Plan is on file and available for public inspection at the office of the City Clerk at City Hall, 800 Game Farm Road,Yorkville, Illinois. Pursuant to the proposed Plan,the City proposes to facilitate redevelopment of the Project Area by incurring or reimbursing eligible redevelopment project costs, which may include, but shall not be limited to, studies, surveys, professional fees, property assembly costs, construction of public improvements and facilities, building and fixture rehabilitation, reconstruction, renovation and repair, financing costs, and interest costs, all as authorized under the Act. The Plan proposes to provide assistance by paying or reimbursing costs including, but not limited to, site assembly, analysis, professional services and administrative activities, public improvements and facilities, building rehabilitation, capital costs incurred by a taxing district as a direct result of a redevelopment project, the payment of financing and interest costs, and such other project costs as permitted by the Act pursuant to one or more redevelopment agreements. Tax increment financing is a public financing tool that does not raise property taxes but is used to assist economic development projects by capturing the projected increase in the property tax revenue stream to be created by the increase of the assessed value of the development or development area and investing those funds in improvements associated with the project. At the Hearing, all interested persons or affected taxing districts may file written objections with the City Clerk and may be heard orally with respect to any issues regarding the approval of the proposed Plan, designation of the Project Area, and adoption of tax increment allocation financing therefore. The Hearing may be adjourned by the Mayor and City Council of the City without further notice other than a motion to be entered upon the minutes of the Hearing fixing the time and place of the subsequent hearing. For additional information about the proposed Plan and to file comments or suggestions prior to the hearing contact Krysti Barksdale-Noble of the United City of Yorkville, 800 Game Farm Road,Yorkville, Illinois 60560, 630-553-4350. By Order of the Mayor and City Council of the United City of Yorkville this day of ,2018. City Clerk