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Ordinance 2020-75 UNITED CITY OF YORKVILLE KENDALL COUNTY, ILLINOIS ORDINANCE NO. 2020-75 AN ORDINANCE OF THE UNITED CITY OF YORKVILLE,KENDALL COUNTY,ILLINOIS REPEALING AN INCENTIVE PROGRAM FOR THE CONSTRUCTION OF NEW HOMES Passed by the City Council of the United City of Yorkville,Kendall County,Illinois This 8'i'day of December, 2020 Published in pamphlet form by the authority of the Mayor and City Council of the United City of Yorkville,Kendall County,Illinois on December 15,2020. Ordinance No. 2020-75 AN ORDINANCE OF THE UNITED CITY OF YORKVILLE,KENDALL COUNTY,ILLINOIS REPEALING AN INCENTIVE PROGRAM FOR THE CONSTRUCTION OF NEW HOMES WHEREAS,the United City of Yorkville,Kendall County, Illinois(the "City"), is a duly organized and validly existing non home-rule municipality created in accordance with the Constitution of the State of Illinois of 1970 and the laws of the State; and, WHEREAS, in 2014, the Mayor and City Council established a program to induce the construction of speculative homes and model homes in order to create an inventory of new homes in the City for immediate sale; and, WHEREAS, the housing market is currently experiencing strong growth within the City and,therefore,there is no longer a need for incentive programs; WHEREAS, given the strong construction activity in the City for residential housing,the Mayor and City Council have determined that it is in the best interest of the City to repeal the Speculative Home Incentive as set forth in Ordinance 2014-49. 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 Speculative Home Incentive Program and the Model Home Incentive Program established in 2014 whereby certain incentives were provided to home builders meeting the specific standards, is hereby repealed. Section 2. All ordinances or parts of ordinances in conflict with the provisions of this ordinance are hereby repealed to the extent of such conflict. Section 3. This Ordinance shall be in full force and effect after its passage and approval as provided by law. Ordinance No.2020-75 Page 2 Passed by the City Council of the United City of Yorkville,Kendall County, Illinois this 8'h day of December,A.D. 2020. 1460 V!1. R6�C6 CITY CLERK KEN KOCH AYE DAN TRANSIER AYE JACKIE MILSCHEWSKI AYE ARDEN JOE PLOCHER AYE CHRIS FUNKHOUSER AYE JOEL FRIEDERS AYE SEAVER TARULIS AYE JASON PETERSON AYE APPROVED by me, as Mayor of the United City of Yorkville,Kendall County,Illinois this 14&—day of DECE14862 ,A.D. 2020. MAYOR Attest: iaxk CITY CLERK Ordinance No.2020-75 Page 3