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Ordinance 2009-15 �I Ordinance No. 2009 - AN AMENDED ORDINANCE DESIGNATING UNITED CITY OF YORKVILLE COUNTRYSIDE CENTER BUSINESS DISTRICT AND IMPOSING A RETAILERS' OCCUPATION TAX AND SERVICE OCCUPATION TAX THEREIN WHEREAS, the United City of Yorkville (the "City ") is a duly organized and validly existing non - home -rule municipality created in accordance with Article VII, Section 7 of the Constitution of the State of Illinois of 1970; and, WHEREAS, the City Council previously passed Ordinance, No. 2008 -101 on November 25, 2008, entitled "An Ordinance Designating United City of Yorkville Countryside Center Business District and Imposing a Retailers' Occupation Tax and Service Occupation Tax Therein "; and, WHEREAS, the City desires to amend said ordinance and restate it in its entirety to add an exclusion pursuant to state law, which excludes persons selling tangible personal property titled or registered with an agency of this State's government from the Retailers' Occupation Tax. NOW, THEREFORE, BE IT ORDAINED BY THE MAYOR AND CITY COUNCIL OF THE UNITED CITY OF YORKVILLE, KENDALL COUNTY, ILLINOIS, AS FOLLOWS: Section 1. Authority. The United City of Yorkville (the "City ") is authorized, pursuant to the provisions of the Business District Development and Redevelopment Act, 65 ILCS 5/11 -74.3 et seq. (the "Act "), to designate business districts to promote development or redevelopment in the City and to impose a retailers' occupation tax and a service occupation tax therein and to issue bonds to provide for the payment of business district project costs. Section 2. Findings. (a) The designation of the area hereinafter described as the Countryside Center Business District (the "Business District ") was considered at public hearings held on October 28, 2008 and November 10, 2008 (the "Public Hearings "). The Public Hearings were held pursuant to notices duly published on October 17, 2008, in The Beacon News, a newspaper of general circulation within the City, and on October 23, 2008, in The Kendall County Record, a newspaper published in the City. Certificates of publication of the notice are attached to this Ordinance as Exhibit A and Exhibit B, respectively. Said notices conform in all respects to the requirements of the Act. (b) At the Public Hearings, all interested persons were given an opportunity to be heard on the question of the designation of the Business District, the approval of a business district development plan for the Business District, the imposition of a retailers' occupation tax and a service occupation tax in the Business District for the planning, execution and I �I implementation of the business district development plan and for the payment of business district project costs as set forth in such plan, and the issuance of obligations by the City to provide for the payment of business district project costs secured by the business district tax allocation fund established pursuant to the Act. (c) After considering the data as presented to the Mayor and City Council (the "Corporate Authorities ") and at the Public Hearings, the Corporate Authorities of the City find that it is in the best interests of the City and of the residents and property owners of the Business District that the Business District be designated. (d) The Business District is contiguous and includes only parcels of real property directly and substantially benefited by the proposed business - district development plan as required by the Act. (e) The Business District is a blighted area by reason of defective or inadequate street layout, unsanitary and unsafe conditions, deterioration of site improvements, obsolete platting and the existence of conditions which endanger life or property by fire or other causes, all as set forth in the Qualification Report for the United City of Yorkville Business District No. 2, Countryside Center Business District prepared by Kane, McKenna and Associates, Inc. of Chicago, Illinois. Due to such conditions, the Business District constitutes an economic liability to the public health, safety, morals or welfare in its current condition. (0 The blighting factors as stated above are widely present throughout the Business District and the presence of these conditions has hindered growth and development of this area. (g) It is in the best interests of the City that the Business District be designated for the financing of the Business District project costs as set forth in the Business District Plan hereinafter described, that a retailers' occupation tax and a service occupation tax be imposed in the Business District for the planning, execution, and implementation of the Business District Plan and for the payment of Business District Project costs as set forth in the Business District Plan, and that obligations by the City be issued to provide for the payment of Business District project costs secured by the Countryside Center Business District Tax Allocation Fund established pursuant to the Act and hereinafter described. Section 3. Designation of United City of Yorkville Countryside Center Business District. A business district to be known and designated as "United City of Yorkville Countryside Center Business District" is hereby designated and shall consist of the contiguous territory legally described in Exhibit C hereto, and outlined on the map of a portion of the City attached as Exhibit D hereto, which description and map are by this reference incorporated herein and made a part hereof. Section 4. Approval of United City of Yorkville Countryside Center Business District Development Plan. There has heretofore been presented to the Corporate Authorities and considered at the Public Hearings a plan for the development of the Business District (the 2 I "Business District Plan "), attached as Exhibit E hereto and by this reference incorporated herein and made a part hereof. The Business District Plan is found to conform to the requirements of the Business District Act and to promote the public interest. The Business District Plan is hereby approved. Section 5. Imposition of Tax, Creation of Countryside Center Business District Tax Allocation Fund. Pursuant to the Business District Act, there is hereby imposed a retailers' occupation tax upon all persons engaged in the business of selling tangible personal property in the Business District, other than an item of tangible personal property titled or registered with an agency of this State's government, at the rate of one percent (1.0 %), and a service occupation tax in the Business District at the rate of one percent (1.0 %), for the planning, execution and implementation of the Business District Plan, the payment of Business District project costs as set forth in the Business District Plan and the payment of obligations of the City issued to provide for the payment of Business District project costs. Such tax shall be collected and enforced by the Department of Revenue in and the same manner as all retailers' occupation taxes and service occupation taxes imposed in the City provided however that such taxes shall not include any tax imposed on food for human consumption that is to be consumed off the premises where it is sold (other than alcoholic beverages, soft drinks, and food that has been prepared for immediate consumption), prescription and nonprescription medicines, drugs, medical appliances, modification to a motor vehicle for the purpose of rendering it usable by a disabled person, and insulin, urine testing materials, syringes, and needles used by diabetics, for human use. The proceeds of such tax shall be deposited into a special fund of the City which is hereby created and designated the "Countryside Center Business District Tax Allocation Fund." Section 6 Filing. A certified copy of this Ordinance, together with a description of the boundaries of the Business District, shall be filed with the Department of Revenue on or before April 1, 2009. Section 7. Supercede Conflicting Ordinance. Ordinance No. 2008 -101 adopted on November 25, 2008, is hereby repealed. All other ordinances or parts of ordinances in conflict with the provisions of this ordinance are also repealed to the extent of such conflict. Section 8. Effective Date. This Ordinance shall be in full force and effect from and after its passage and approval in the manner provided by law. Passed by the Mayor and City Council of the United City of Yorkville, Kendall County, Illinois, this a day of 04,4RCH , A.D. 2009. City Clerk I 3 ROBYN SUTCLIFF � JOSEPH BESCO ARDEN JOE PLOCHER WALLY WERDERICH GARY GOLINSKI MARTY MUNNS ROSE SPEARS � BOB ALLEN APPROVED by me, as Mayor of the United City of Yorkville, Kendall County, Illinois, this aq day of MRRC�l AD. 2009. 1j'hA �J �B Mayor i Attest: 0. Ci C rk i II I i 4 i - E x h i b i t A FOX VALLEY PUBLICATIONS Certificates of Publication State of Illinois — County of ❑Cook [Kane ❑Lake ❑ McHenry ❑ DuPage ❑ Will ❑ Dekalb Fox Valley Publications, does hereby certify it has published the attached advertisements in the following secular newspapers. All newspapers meet Illinois Compiled Statue requirements for NOTICE OF PUBLIC publication of Notices per Chapter 715 ILCS 5 /0.01 et seq. R.S. 1874, P728 Sec 1, EFF. July 1, UNITED CITY OF ORKVII LE, KEN G COUNTY 1874. Amended By Laws 1959, P1494, and EFF.July 17, 1959. Formerly Ill. Rev. Stat. 1991, ILLINOIS, ON THE PROPOSED COUNTRYSIDE CENTER CH I 00 P I ., BUSINESS DISTRICT DEVELOPMENT PLAN AND THE > DESIGNATION OF THE COUNTRYSIDE CENTER Note: Legal Notice appeared in the llowing checked positions. BUSINESS DISTRICT Notice Is hereby given that on the 28th day of October 2008 1 at 7 p.m., and again on the 10th day of November 2008 at 7 p.m., at the United City of Yorkville, City H � � Hall. 800 Game PUBLICATION D ATE(S): 1 O? W Farm Road, Yorkville, Illinois, public hearin g s the 'Near• C gs") will be held to consider the approval of the proposed Countryside Center Business District Development Plan the "Business District Plan') tor, and the designation of, the Count side Center Business District Development Proj• \ J� act Area (tha'Project Area') legally described on Exhiblf A attached hereto and made a part hereof. LEGAL DESCRIPTION £XHIBIT'A" LOT 7 EXCEPT THAT PART DESCRIBED AS FOLLOWS: COMM LACING AT THE MOST EASTERLY SOUTHEAST - CORNER OF SAID LOT 7; THENCE NORTH 80 DE- GREES 58 MINUTES 11 SECONDS WEST ALONG A SOUTHERLY LINE OF SAID LOT 7, 309.0 FEET TO A SOUTHEAST CORNER OF SAID LOT 7 FOR A POINT OF The Beacon News ❑ The Courier News BEGINNING; THENCE SOUTH 80 DEGREES 58 MI- NUTES 11 SECONDS EAST ALONG SAID SOUTHERLY LINE 309.0 FEET TO A SOUTHEAST CORNER OF SAID LOT 7; THENCE NORTH 04 DEGREES, 45 MINUTES EAST ALONG AN EASTERLY LINE OF SAID LOT 7, 90.0 ❑ The Herald News ❑ The News Sun FEET; THENCE NORTH 80 DEGREES 68 MINUTES 11 SECONDS WEST 140.35 FEET; THENCE SOUTH 70 DE- GREES 02 MINUTES 02 SECONDS WEST 185.15 FEET TO THE POINT OF BEGINNING; AND ALSO EXCEPTING THAT PART DESCRIBED AS FOLLOWS: BEGINNING AT The Naperville Sun THE INTERSECTION OF THE SOUTHERNMOST LINE OF LOT 6 OF SAID RESUBDIVISION WITH THE WEST- ERLY LINE OF ILLINOIS ROUTE NO. 47; THENCE Wee Papers SOUTH 69 DEGREES 58 MINUTES 14 SECONDS WEST ALONG SAID SOUTHERNMOST LINE 230.45 FEET TO I , THE SOUTHERNMOST CORNER OF SAID LOT 6; THENCE SOUTH 19 DEGREES 57 MINUTES 46 SEC- Batavia Sun ONDS EAST 192.30 FEET; THENCE NORTH 70 DE- GREES 02 MINUTES 14 SECONDS EAST 141.82 FEET ❑ Bolingbrook Sun TO SAID WESTERLY LINE; THENCE NORTH 04 DE- GREES 45 MINUTES 00 SECONDS EAST ALONG SAID ❑ Do wn ers Grave Sun WESTERLY LINE 211.98 FEET TO THE POINT OF BE- VNING OF THE RESUBDIVISION OF PART OF BLOCK . OUNTRYSIDE CENTER, UNIT NO. 1, YORKVILLE a. Fox Valley Villages Sun JOTS, AND ALSO THAT PART OF CENTER PARKWAY LYING NORTHERLY OF THE NORTH RIGHT OF WAY ❑ Geneva ,Sun LINE OF U.S. ROUTE 34 AND SOUTHERLY OF THE r I NORTH RIGHT OF WAY LINE OF COUNTRYSIDE PARK- ❑ Glen Ellyn Sun WAY, AND ALSO THAT PART OF COUNTRYSIDE PARK- WAY LYING EASTERLY OF THE WEST RIGHT OF WAY LINE OF CENTER PARKWAY AND WESTERLY OF THE Isomer Township/Lockport/Lemont Sun WEST RIGHT OF WAY LINE OF ILLINOIS ROUTE 47 AND ALSO THAT PART OF ILLINOIS ROUTE 47 LYING ❑ Lincoln Way Sun SOUTHERLY OF A LINE THAT IS 70.0 FEET SOUTHER. LY OF AND CONCENTRIC WITH THE SOUTH RIGHT OF ❑ Lisle Sun WAY LINE OF COUNTRYSIDE PARKWAY EXTENDED r EASTERLY, AND NORTHERLY OF A LINE THAT IS 60.0 ❑ Plainfield Sun SOUTHERLY OF AND PARALLEL WITH THE MOST EASTERLY SOUTHERLY LINE OF SAID LOT 7 EXTEND- ED EASTERLY, IN THE UNITED CITY. OF YORKVILLE, ❑ St Charles Sun KENDALL COUNTY, ILLINOIS. The Project Area Is composed of approximately 20.2 acres ❑ Wheaton Sun located In the northwest quadrant of the Intersection of US Route 34 and Illinois Route 47. The proposed Project Area Is contiguous and Includes only parcels of real Property dl- redly and substantially benefited by the proposed Business WITNESS WHEREOF the undersigned being duly authorized has caused this Certificate Distrlcl Plan. The land Is currently vacant and Is zoned for > > > commercial uses. to be signed and its official seal affixed at Aurora, Illinois The Business District Plan objectives are to reduce or elimi- nate bilghting conditions and to enhance the tax base of the United City of Yorkville (the'CIV) by assuring opportuni- .Fa- .Ei�rsv ties for development or redevelopment and attracting sound By OFFICIAL SEAL and stable commercial growth, all In accordance with the r , provisions of the 'Business District Development and Redo- 4 , I ItIMERY S FRANZEN veiopment Act' effective October 1, 1873, as from lime to time amended. NOTARY PUBLIC - STATE OF ILLINOIS ' The City may Impose a retailers' occupation tax, a service occupation tax, and a hotel operator's occupation tax in the IJY COMMISSION EXPIRES:10116, Project Area for the planning, execution, and implements- I lion of Ihe Business District Plan and to pay for pro�ect John G. Blaschke costs as set forth in the Business District Plan. The) may Issue obligations to finance project costs In aocord- Legal Advertising Manager (Official Title) ante with the Business District Plan, which obligations may ` be secured by the business district lax allocation fund. At the Hearings, approval of the Business District Plan, des- ignation of the Projeol Area and the Imposition of a retail- Subscribed and sworn to before me this Day of A. D. ers occupation tax and a service occupation tax for the Proj - eel Area will be considered. By Order of the Mayor and City Council of the United City of Yorkville this 14th day of October 2008. Jacquelyn Mllschewski City Clerk Publish: October 17, 2008 By: / r ublic Public Notice . BEGINNING; AND ALSO Exhibit B NOTICE OF PUBLIC EXCEPTING THAT PART HEARING DESCRIBED AS FOLLOWS: UNITED CRY OF I' BEGI NNING. AT' THE YORKVILLE, KENDALL 1NTERSEGTION OE ..THE COUNTY, ILLINOIS, ON THE i SOUTHERNMOST LINE OF PROPOSEDCOUNTRYSIDE LOT .6' Of SAID CERTIFICATE DISTRICT RESUBDIVISION WITH THE DEVELOPMENT I WESTERLY LINEOF ILLINOIS PLAN AND THE ROUTE NO. 47. THENCE OF PUBLICATION DESIGNATION OE THE SOUTH 69 DEGREES SB COUNTRYSIDE CENTER MINUTES -14 SECONDS BUSINESS DISTRICT WEST ALONG" SAID Notice is hereby gNen that on .' SOUTHERNMOST. LINE. the 20th day of October 2008 at 2,30.45 :FEET T.O;tTHE 1, Jeflery A. Farren, do hereby certify that I am the publisher of 7 p.m., end again on Ihe 101h -SOUTHERNMOST CORNER the Kendall County Record, a weekly secular newspaper of day of November 2008 &17 OF SAID LOT 6; THENCE of Yorkville, p•m., : at the United Clly •ol . SOUTH 19 DEGREES 57 general circulation, regularly published in the City Yorkville, City Hall, 800 Game MINUTES 46 SECONDS in the County of Kendall and the Slate of Illinois; and I hereby Farm Road, Yorkville, Illinois. ' EAST 192.30 FEET;THENCE further certify that the notice a copy of which is attached public heaonps (the 'Hearings7 NORTH 70 DEGREES 02 hereto, in the matter of will be held to consider the = MINUTES 14 SECONDS approval of the proposed EAST 141.82 FEET.TO SAID Public Notice: United City of Yorkville proposed Countryside Countryside Center Business WESTERLY LINE; THENCE l Center Business district District Development Plan (the NORTH '04 DEGREES 45 'Business Clawtl Plan') tor,, 'MINUTE$ 00 'SECONDS was published once each week for 1 successive weeks in said and the designation of, Ihe EAST' ALONG •' SAID the first insertion barn on the 23rd day of Countryside Center Business WESTERLY LINE 211.98 FEET Newspap 9 Y District Development Project TO_ THE: POINT OF October, 2008 and the last insertion being on the 23rd day of Area (the 'Projeol Area`)legally BEGINNING - OF THE October , 2008 and we further certify that the said Kendall described on•Exhlbit A attached RESUBDIVISION OF PART County Record was regularly published continuously for more hereto and made a pen tiered. OF BLOCK 1, COUNTRYSIDE than six months in the City of Yorkville in said County, next The Project .Area is' CENTER, UNIT NO. 1, preceding the first publication of said notice, and that we are composed of approximately YORKVILLE; ILLINOIS, AND duly authorized to make proof of matters published in the said 20.2 acres located in -the ALSO 'THAT PART OF Kendall County Record. northwest quadrant of the CENTER PARKWAY LYING Inlelseititin of LS Route 34 and NORTHERLY OF THE tlllnds Route 47. The proposed NORTH RIGHT OF WAY LINE Given under my hand and seal at Yorkville, Illinois this Project Area is contiguous and OF ,ROUTE 34 AND dayof 23rd day of October, 2008 includes only,parcels of real SOUTHERLY OF THE property '.directly - 11 0 8 . NORTM FIGHT OF.WAY LINE �J substantially Aenaltled•by1he OF COUNTRYSIDE • /7, -• f,/ V, j,(/( ••.•..•••..•..•.•- .•.• proposed Business Dlslricl .PARKWAY,ANDALSOTHAT G Publisher Plan: The'land .tut!en11y I PART OF COUNTAYSIDE C) K vacant . and • Js zoned for ; ' PARKWAY LYING EASTERLY commercial use's. - .' I The Kendall County Record is legal a newspaper as defined in OF THE : W EST RIGHT OF Chapter 715, Paragraph 5/5 of the Illinois Compiled Slatules. The Busi 10 i du Plan WAY LINE "O F' CENTER objectives a ere 10 rodurR Y AND WESTERLY Said newspaper was regularly published for twelve months elimiriale blighting conditions ns OF OF THE THE WEST RIGHT OF prior to the first publication of said notice. and to eihhanoe tha-lex base .WAY LINE OF ILLINOIS Ihe:Unlled City of NprkvBellhe. ROUTEA7, AND ALSO THAT 'Cil.y) by '96adfln9' PART-Of ILLINOIS ROUTE 47 .oppdrt0fiss16fidt"oPMen1w LYING SOUTHERLY OF A redevelopmgnbantl• atlracling .LINE THAT IS 70.0 FEET bound and•dlable c0inmelcle(' 'SCIUTHERLIP -' 'OE' AND' growth, all In' etcordance%Yilh', .00NC64TRIG- WITH`THE Ihe.provisfons of the'Business SOUTH.RIGHT OF WAY LINE ;District Development end'.. , Of, - > .'GO'UN1:RV'916E Redevelopment Act,' effective •pAFKWAY�' EXT-EWDED.{ October-1, 1973; as•Irom lime to EASTERLY ., AND time.ameridetl.' NORTHERLY OF .A LINE The City may impose a THAT IS 60.0 SOUTHERLY retailers' of:tdpalion lax,. a OF AND PARALLEL WITH service occupation lax, 11Adsa THE MOST EASTERLY hotel operators otcomion lax SOUTHERLY_ LINE OF SAID in -the Project Area for the LOT 7 EXTENDED planning, execution; and EASTERLY, IN THE UNITED implemenlation of the Business 'CITY .'OF YORKVILLE, District Plan and to pay for I KENDALL COl1NTY,.ILUNOIS. project costs as set forth in the KCR -43 -11 Business District Plan: The City may issue to finance project costs in accordance with the Business District Plan, which obligations may be secured by the bus ` district tax allocation fund. !� Al the Hearings, approval of the Business District Pion, designation of the Project Area, and the Imposition of a retailers' . occupation tax and a service otcup §lion tax for the Project Area will be considered. By Order 01-the Mayor and City Council of the United City of Yorkville this 141h day of October 2008. JACQUELYN MILSCHEWSKI . City Clerk EXHIBIT "A" LEGAL DESCRIPTION LOT 7 (EXCEPT THAT - PART .DESCRIBED AS FOLLOWS: COMMENCING AT THE MOST EASTERLY SOUTHEAST CORNER OF SAID LOT 7; THENCE NORTH 80 DEGREES 58 MINUTES .11 SECONDS WEST' - 'ALONG - A SOUTHERLY LINE'OF SAID LOT 7, 309.0 FEES tT0 A SOUTHEAST CORNER,!bF SAID LOT 7 VOR A FOIM OF BEGINNING; THENCE SOUTH 80 DEGREES 56 MINUTES 11 SECONDS EAST ALONG 'SAID SOUTHERLY' LINE 309.0 FEET TO A SOUTHEAST CORNER OF SAID LOT 7; THENCE NORTH 04 DEGREES, 45 MINUTES EAST ALONG AN EASTERLY LINE OF SAID LOT 7, 90.0 FEET; THENCE NORTH 80 DEGREES 58 MINUTES SECONDS .:ir$T 140.35 1 �ZET; THENCE SOUTH 70 DEGREES 02 MINUTES 02 SECONDS WEST ?oa,q$ FEET TO TiiE POINT OF Exhibit C LEC:AL DESCRIP'T'ION LOT 7 (EXC'E'PT" I'IIAT PART DESCRIBES.) AS FOLLOWS: COMMENCING AT THE- MOST EASTERLY SOUTHEAST CORNER OF SAID LOT 7; NORTH 80 DEGREES 58 MINUTES 1 l SECONDS WEST' ALONG A SOUTHERLY LINK OF SAID LOT 7 309.0 FEET TO A SOUTHEAST CORNER OF SAID LOT 7 FOR A POINT OF BEGINNING; THF.NCE SOUTH 80 DEGREES 58 MINUTES 1 I SECONDS FAST ALONG SAID SOUTHERLY LINK 309.0 FRET TO A SOUTHEAST C:ORNTFR OF SAID LOT 7; THENCE NOR'1'l1 04 DEGREE'S, 45 MINUTES EAST ALONG AN EASTERLY LINE OF SAID LOT 7, 90.01'E T; T'IIENCE NORTH 80 D1 GRELS 58 MINUTES 1 I SECONDS WEST 140.35 FEET; THENCE SOUTH 70 DEGREES 02 MINUTE'S 02 SECONDS WEST 185,15 FEET TO 'HIP POINT OF BEGINNING; AND ALSO EXCEPTING THAT PART DESCRWED AS FOLLOWS: BEGINNING AT THE INTERSECTION OF THE SOUTIIGRNMOS7' LINE OF LOT 6 OF SAID RESUBDIVISION WITH 'TLlli WESTERLY LINT; OF ILLINOIS ROUTE NO.47; THENCE SOUTH 69 DEGREES 58 MINUT1iS 14 SECONDS WI-ST ALONG SAID SOOTHERNMOST LINE 230.45 FEET - 1 - 0 THE SOUTHEP -NMOST CORNER OF SAID LOT 6; TIIENCE SOUTH 19 DrGREHS 57 MINUTE'S 46 SECONDS EAST 192.30 FEET; THENCE NOR 11 70 DEGREES 02 MINUTES 14 SECONDS EAST 141.82 FFFT TO SAID WESTERLY LINE; TIIENCF. NORTH 04 DEGREI?S 45 MINUTES 00 SECONDS EAST ALONG SAID WF;STERI.Y LINK 21198 FEET 7'O THE POINT 01: BEGINNING) OF THE RF,SUBD1V1S10N OF PART OF BLOCK 1, COUNTRYSIDE CENTER, UNIT NO. 1, YORKVILLE, ILLINOIS, AND ALSO THAT PART OF CENTER PARKWAY LYING NORTHERLY OF TI 11- NORTH RI(iI1T OF WAY IANr OF U.S. ROUTE 34 AND S()U'TIIERLY OF THE NORTH RIGHT O WAY LINE OF COUNTRYSIDE PARKWAY, AND ALSO THAT PART OF COUNTRYSIDE PARKWAY LYING j EASTERLY OF THE WEST RIGHT OF WAY TINE OF CENTliR PARKWAY AND WESTERLY OF "171F WEST RIGHT' OF WAY LINE OF ILLINOIS ROUTE 47, AND ALSO 'fl -IAT PART OF ILLINOIS ROUTE. 47 LYING SOUTHERLY OF A LINE THAT IS 70.0 FEET SOUTHERLY OF AND CONCENTRIC WITH THE SOUTH RIGHT OF WAY LINK OF COUNTRYSIDE PARKWAY FX"1'ENDED EASTTiRLY, AND NORTHERLY OF A LINE THAT IS 60.0 SOUTHERLY OF AND PARALLIa, WITH TI 11; MOST EASTERLY SOUTHERLY LINE OF SAID LOT 7 EXTENDED EASTERLY, IN THE UNITED CITY OF YORKVILLE, KENDALL COUNTY, ILLINOIS. � i Exhibit D SEC GAOM INC. F KVILLF. IIUSINF•SS DISTR7CT #2 �"sE� >EC �� YSIDE CF;N'TP.'R BUSINESS DISTRICT) ^� „w , y ;"°"�" Y. FARKNAY 4 1' 1.41:53' s'1 00� + N � h \ C�� fig � ' p7 � • R 6Q'0' � 1 5UBJEGT 0 a L-J2,42 ' ' PROF ERTY �q.fiA ew w, 1 � •' h �? ! f 40•.35 J r . I u w NU0,5# "W I a: • 716.9.5 ' .NCrn T i (jp ^W ry 34 ` —, � RUSINFSS OISIRICT AREA yp/,Kl7LLF BUSINESS 1 11 OISTRIc p (COUNTRYSIDE CF.NTF.R R. USINCSS OISMICT) nc�m ort�w er. o�n_ rwoccr qo. t DC71pIlD B NONt SC/dF: y�CT N0. .. R4PlCd ET: WII. SC/1L• EXHIBIT "E" UNITED CITY OF YORKVILLE BUSINESS DISTRICT DEVELOPMENT PLAN I. INTRODUCTION The purpose of this document, entitled the United City of Yorkville Countryside Center Business District Development Plan (the "Business District Plan ") is to serve as a development plan for a commercial district in the United City of Yorkville (the "City ") which includes approximately 20.2 acres located in the northwest quadrant of the intersection of U.S. Route 34 and Illinois Route 47 and to be known as the Countryside Center Business District. The boundaries of the area to be included in this Business District Plan are depicted on a map attached hereto as Exhibit A and legally described on Exhibit B (the "BD Area "). The City finds that the BD Area qualifies for designation as a Business District pursuant to the Illinois Municipal Code, 65 ILCS 5/1 -1 -1, as from time to time amended (the "Code ")and more specifically 65 ILCS 5/11- 74.3 -1 et seq, (the "Business District Act "). The City's findings are based on the Qualification Report for the United City of Yorkville Business District No. 2, Countryside Center Business District (the "Qualification Report ") prepared by Kane, McKenna and Associates, Inc. of Chicago, Illinois ( "KMA "), which report lists in detail the blighting factors found within the boundaries of the BD Area. A copy of the Qualification Report is attached hereto as Exhibit C. The City has determined that the BD Area would benefit from the designation as a "Business District" under the Business District Act, as such designation empowers the corporate authorities: 1. To approve all development and redevelopment proposals for a business district. i 2. To exercise the use of eminent domain for the acquisition of real and personal property for the purpose of a development or redevelopment project. 3. To acquire, manage, convey or otherwise dispose of real and personal property according to the provisions of a development or redevelopment plan. 4. To apply for and accept capital grants and loans from the United States and the State of Illinois, or any instrumentality of the United States or the State, for business district development and redevelopment. 5. To borrow funds as it may be deemed necessary for the purpose of business district development and redevelopment, and in this connection issue such obligation or revenue bonds as it shall be deemed necessary, subject to applicable statutory limitations. 6. To enter into contracts with any public or private agency or person. 05392 \00547 \480773.5 1 7. To sell, lease, trade or improve real property in connection with business district development and redevelopment plans. 8. To employ all such persons as may be necessary for the planning, administration and implementation of business district plans. 9. To expend such public funds as may be necessary for the planning, execution and implementation of the business district plans. 10. To establish by ordinance or resolution procedures for the planning, execution and implementation of business district plans. 11. To create a Business District Development and Redevelopment Commission to act as agent for the municipality for the purposes of business district development and redevelopment. 12. To impose a retailers' occupation tax and a service occupation tax in the business district for the planning, execution, and implementation of business district plans and to pay for business district project costs as set forth in the business district plan approved by the municipality. 13. To impose a hotel operators' occupation tax in the business district for the planning, execution, and implementation of business district plans and to pay for the business district project costs as set forth in the business district plan approved by the municipality. 14. To issue obligations in one or more series bearing interest at rates determined by the corporate authorities of the municipality by ordinance and secured by the business district tax allocation fund set forth in Section 11- 74.3 -6 for the business district to provide for the payment of business district project costs. (65 ILCS 5/11- 74.3 -3) In order to impose a tax pursuant to item (12) or item (13) cited above, the corporate authorities shall undertake the following: 1. Hold public hearings at least one week prior to designation of the business district and approval of the business district development plan. 2. The area proposed to be designated as a business district must be contiguous and include such parcels of real property to be directly and substantially benefitted by the proposed development. 3. The corporate authorities of the municipality shall find that the business district is a blighted area and has not been subject to growth and development through 05392 \00547 \480773.5 2 1 private investment and without a business district development plan is not reasonably anticipated to be developed. Based on the findings in the Qualification Report that the BD Area is a blighted area as defined by the Business District Act, the City desires to proceed with all other actions required under the Business District Act to impose such taxes as permitted thereby in order to implement this Business District Plan. i In addition, the City has previously determined that the BD Area qualifies for the sharing or rebating of retailers' occupation taxes received by the City that will be generated by development of the BD Area pursuant to the Code, and, more specifically, 65 ILCS 5/8- 11-20 (the "Economic Incentive Act "), based on the following findings: 1. The BD Area has been and remained vacant for at least one year; 2. Redevelopment of the BD Area is expected to create job opportunities within the City; 3. Redevelopment of the BD Area will serve to further the development of adjacent areas; 4. That without incentives, including a sales tax rebate, the redevelopment of the BD Area would not proceed; 5. T -L Countryside LLC, the Developer of the BD Area, meets high standards of creditworthiness and financial strength by demonstrating evidence of equity financing for not less than 10% of the total project costs; 6. Redevelopment of the BD Area will strengthen the commercial sector of the City; 7. Redevelopment of the BD Area will enhance the tax base of the City; and 8. An economic incentive agreement providing for the sharing, rebating or pledging of retailers' occupation taxes to support redevelopment of the BD Area is in the best interest of the City. 05392 \00547 \480773.5 3 II. UNITED CITY OF YORKVILLE In 2007, the United City of Yorkville celebrated the 50 birthday of its incorporation as a City. The United City of Yorkville is located in the Fox River Valley of Kendall County, on both sides of the Fox River, approximately 45 miles southwest of the City of Chicago. In 1957, the residents of the Village of Yorkville on the south side of the Fox River and the residents of the Village of Bristol on the north side voted to merge into the United City of the Village of Yorkville. Over 30 years later the name was shortened to the United City of Yorkville. At the time of its merger, the combined municipalities had approximately 1,200 residents. The City was originally settled in 1832 along the Fox River and platted in 1836 by Rulief Duryea. Growth in the area was spurred by the designation of the Village of Yorkville as the County Seat and the construction of a new courthouse in 1864. The Village of Yorkville was actually incorporated in 1874 encompassing land only to the south of the Fox River until the merger with the Village of Bristol in 1957. Since its merger, the City has grown from a population of approximately 1,200 to 6,189 as of the 2000 census, and to 11,204 as of a special census in 2005. Currently, another special census is underway with the population estimated to be in excess of 15,000. Situated in an area the U.S. Census Bureau has designated as the fastest growing county in the United States, it is expected that the population shall continue to rapidly increase. The City is generally bounded by unincorporated areas of Kendall County on the south, the Village of Montgomery to the north, the Village of Oswego to the east and the Village of Plano to the west. I I I 05392 \00547 \480773.5 4 i III. COUNTRYSIDE SHOPPING CENTER Until the 1970's, Yorkville's downtown was the only business district in the City when the City annexed a large area at the northwest quadrant of intersection US Route 34 and IL Route 47 known as Countryside Shopping Center (the "Center "). The annexation provided for the development of the Center on 20.2 acres of land around the two primary arterials of the growing City. The shopping center included a total of 158,000 square feet of retail space. This commercial development served as a community center configured as an inward - oriented cluster of three buildings plus an outlot cinema building surrounded by large accessory parking areas and potential for more outlot development. With the passage of time and significant competition emerging in the region, the general market demands and evolving changes from traditional' retail centers to auto - oriented strip malls and big box users, the Countryside Shopping Center became obsolete. The once distinctive lay -out and unique configuration hampered visibility as enjoyed by newer retail operations. The requirements for increased size and co- tenanting retail practices were not achievable within the aging physical structures at this Center. Vacancies began to occur and the reduction in rental income resulted in a failure to undertake necessary renovations and rehabilitation until maintenance lagged to such an extent that the buildings were below minimum code standards. The community attempted to locate community organizations to attract and increase foot traffic. Notwithstanding the efforts of the City, the increasing deterioration of the buildings and site improvements, obsolescence due to size, layout and configuration, and extensive long term vacancies caused a lagging equalized assessed valuation for the Center and a serious liability to the City. While the intersection of US Route 34 and IL Route 47 became a major hub for the City, its immediately adjacent commercial shopping district became a ghost town. It became apparent that without the leadership of the City, this significant parcel of land with its primary location would not redevelop through private investment alone. In 2005, the City developed a strategy to revitalize the Center and engaged the firm of URS /TPAP to investigate whether the area qualified for the benefits of the Illinois Tax Increment Allocation Redevelopment Act (the "TIF Act "). After an in depth analysis, URS /TPAP delivered the US Route 34 and IL Route 47 (Countryside Shopping Center) Tax Increment Financing Redevelopment Project Area Eligibility Study dated September 17, 2004, which determined that the Center was a "blighted area" based upon the following conclusions: "Based on the definitions set forth in the Act, the Project Area is found to be eligible for (i) classification as a "blighted area" and (ii) designation as a redevelopment project area. Specifically, i "The Project Area is over 1 -'h acres; 05392 \00547 \480773.5 5 i "5 of the 13 blighted area factors, including "obsolescence," "deterioration," "structures of below minimum code standards," "excessive vacancies," and "declining or lagging equalized assessed valuation" are present to a meaningful extent and are reasonably distributed throughout the Project Area; "An additional four factors are present to a more limited extent, including "lack of light, sanitation or sanitary facilities," "excessive land coverage and overcrowding of structures and community facilities," "environmental remediation," and "lack of community planning," and support the overall blighted area finding; and, "The Project Area includes only real property and improvements thereon substantially benefitted by the proposed redevelopment project improvements. These conclusions are made on the basis that blighted area factors are (i) present to a meaningful extent and (ii) reasonably distributed throughout the Project Area." Recognizing that the Center as a whole had not been subject to growth and development through private investment and it was not reasonable to expect redevelopment without assistance, in February 2005 the City authorized the preparation of a Redevelopment Plan and designated the Center as a "Redevelopment Project Area" under the TIF Act. In addition, the Corporate Authorities thereafter entered into a Redevelopment Agreement with the contract purchaser of the Center (the "2005 Redevelopment Agreement") and issued alternate revenue bonds pursuant to the City's authority under the Act, to pay for specified "redevelopment project costs" as defined by the TIF Act. The 2005 Redevelopment Agreement obligated the contract purchaser to demolish the existing structures comprising the Countryside Shopping Center, reconfigure the Center and adjoining roadways and construct no less than 80,000 square feet of retail space. In accordance with the 2005 Redevelopment Agreement, the contract purchaser (the "Developer ") proceeded to acquire the Center and to demolish all of the buildings. Despite the best efforts of the Developer, redevelopment never occurred as contemplated by the 2005 Redevelopment Agreement. Larger tracts of land in the general vicinity of Countryside Shopping Center were developed and potential uses were lured to other larger development sites where major retail centers were constructed with several compatible co- anchors. As a result, the Developer and the City agreed that the Countryside Shopping Center required further review and a new strategy and plan for development. 05392 \00547 \480773.5 6 i IV. PROPOSED DEVELOPMENT PROJECT REVISED IN 2008 The Developer (and owner) of the Countryside Shopping Center has presented to the City a new concept plan for its redevelopment as an outdoor lifestyle center which includes resting places, pedestrian - friendly medians, raised crosswalks, advanced stop lines, wide and raised sidewalks, on- street parking, multiple fountains, pavers, planters, and themed way directional signage (the "Concept Plan "), a copy of which is attached hereto as Exhibit D. In addition, the Developer has agreed to use commercially reasonable efforts to design and construct the Center to include light pollution reducing and high efficiency luminaires, to incorporate select green roof elements into the construction of the roof to reduce heat island effects, to use low volatile organic compound materials, to design and construct the walls, roof and windows with an insulation value that meets or exceeds state energy codes, to encourage occupants of the Center to use energy management systems and has agreed to promote the use of recycled content building materials. The Concept Plan for the redevelopment of the Countryside Shopping Center has the following components: 1. a one -story pedestrian oriented town center with no less than 166,000 square feet of building area designed for retail businesses such as full and limited serving dining, retail specialty shops, and entertainment or hospitality uses; 2. construction of a new entranceway of the Countryside Shopping Center, including installation of a traffic signal and widening of Route 47 as necessary; 3. construction of improvements to Countryside Parkway and Center Parkway which border the Center on the north and west; 4. site amenities including brick accented parking and walkway areas with a fountain, extensive plantings and resting areas. Recognizing that the redevelopment of the Center is of vital importance to the City given its strategic location near the intersection of two primary commercial corridors of the City, and that the City's designation of the Center as a Redevelopment Project Area in February 2005 had not been amended or repealed and the Center remains eligible for benefits under the TIF Act, the Corporate Authorities authorized the City to enter into a new Redevelopment Agreement with the Developer dated August 12, 2008 (the "2008 Redevelopment Agreement"), under which the City agreed to utilize the economic incentives available pursuant to the TIF Act, the Economic Incentive Act and (subject to receipt of the Qualification Report then being prepared by KMA), the Business District Act, to induce the Developer to incur extraordinary costs to implement the Concept Plan. The Qualification Report supports the eligibility of Countryside Shopping Center as a Business District, and therefore, pursuant to the terms of the 2008 Redevelopment Agreement, the City has formulated this Business District Plan to create the "Countryside Center Business District" within the BD Area. The boundaries of the Countryside Center Business District encompass the boundaries of the Redevelopment Project Area established by the City in February 2005 and are extended to include adjacent rights of way. 05392 \00547 \480773.5 7 V. BUSINESS DISTRICT DEVELOPMENT GOALS AND PROJECTS This Business District Plan has been prepared in accordance with the provisions of the Business District Act and is intended to guide improvements, activities and projects within the Countryside Center Business District in order to stimulate private investment. It is the City's goal that through the implementation of this Business District Plan, the Countryside Center Business District be developed on a comprehensive and planned development basis in order to ensure that new development occurs on a coordinated rather than piecemeal basis to ensure that the land use, pedestrian access, vehicular circulation, parking, service and design systems are functionally integrated and meet present -day standards so that the Countryside Center Business District may contribute productively to the economic vitality of the City. Countryside Center Business District Goals i General goals for the Countryside Business District include: • an environment that will contribute more positively to the health, safety and general welfare of the City and surrounding communities; • improved streets and traffic control that will provide safe and efficient access to the Countryside Center Business District and will benefit the US Route 34 and Illinois Route 47 intersection; • the creation of a new high - quality shopping center with destination, anchor and retail goods and services to support the local and regional populations and enhance the overall quality, vitality and character of the community; • new investment and development that will increase the value of properties within and adjacent to the Countryside Center Business District, improving the real estate and sales tax base of the City and other taxing districts; • an increase in construction, part-time, and full -time employment opportunities for residents of the City; • elimination of the factors that qualified the Countryside Center Business District as a blighted area; and, • a strong, positive visual image of the Countryside Center Business District through attractive and high - quality building design and site improvements. 05392 \00547 \480773.5 8 VI. ESTIMATED BUSINESS DISTRICT PROJECT COSTS A range of development projects, activities and improvements that will be required to implement this Business District Plan are discussed in Section IV. In undertaking these activities and improvements, the City may incur and expend funds related to the projects described in Section IV of this Business District Plan. The activities and improvements and their estimated costs are set forth in Table 1 of this Business District Plan. In addition to those estimated costs, any bonds or debt obligations (including notes) issued by the City may include an amount of proceeds sufficient to pay customary and reasonable charges associated with the issuance of such obligations as well as to provide for capitalized interest and reasonably required reserves. Funds may be moved from one line item to another or to another project cost category described in this Business District Plan at the City's discretion. UNITED CITY OF YORKVILLE BUSINESS DISTRICT NO. 2 ESTIMATED BUSINESS DISTRICT PROJECT COSTS" (a) Land Acquisition /Assembly $ 500,000 i (b) Public Infrastructure (utilities, construction or reconstruction of roadways, curb and gutter) 1,600,000 (b) Traffic sign alization/si gnage 250,000 (d) Site preparation (including parking improvements); demolition; grading, excavation 5,400,000 (e) Engineering, planning, legal, other professional costs 750,000 Total $8,500,000 "All estimates are based on 2008 dollars, and are subject to adjustment annually based on the Consumer Price Index. i I I !, I 05392 \00547 \480773.5 9 VII. SOURCES OF FUNDS TO PAY DEVELOPMENT PROJECT COSTS Upon designation of the Countryside Center Business District by City ordinance, the City intends to impose the retailers' occupation and service occupation taxes provided for by the Business District Act within the Countryside Center Business District, at a rate of one percent (1 %) of gross sales ( "Countryside Center Business District Sales Taxes" or "Countryside Center Business District Sales Tax "). The Countryside Business District Sales Taxes may not be imposed for more than 23 years from the date of adoption of this Business District Plan to pay for business district project costs within the Countryside Center Business District and obligations issued to pay those costs. A separate City ordinance shall also be adopted by the City Council to create a separate fund entitled the "Countryside Center Business District Tax Allocation Fund" in order to receive the Countryside Center Business District Sales Tax revenues from the Illinois Department of Revenue. Pursuant to the Business District Act, all funds received from the Countryside Center Business District Sales Taxes must be deposited into this special fund. j I Funds necessary to pay for business district project costs and secure municipal obligations issued for such costs are to be derived primarily from Countryside Center Business District Sales Taxes and a portion of the City's local retailers' occupation and service occupation tax revenues generated by businesses within the Countryside Center Business District as provided in the Economic Incentive Act and the Business District Act respectively. Other sources of funds which may be used to pay for business district j project costs or to secure municipal obligations are state and federal grants, investment income, private financing and other legally permissible funds the City may deem appropriate. All such funds shall be deposited in the Countryside Center Business District Tax Allocation Fund. � i II I I I 05392 \00547 \480773.5 1 VIII. ISSUANCE OF OBLIGATIONS The City may issue obligations pursuant to the Business District Act and other authorities in order to pay for business district project costs. The obligations may be secured by the Countryside Center Business District Sales Taxes, a portion of the City's local retailers' occupation and service occupation tax revenues generated by businesses within the Countryside Center Business District and other sources that the City may deem appropriate. Additionally, the City may provide other legally permissible credit enhancements to any obligations issued pursuant to the Business District Act. All obligations issued by the City pursuant to this Business District Plan and the Business District Act shall be retired within twenty -three (23) years from the date of adoption of the ordinance approving this Business District Plan. One or more series of obligations may be issued from time to time in order to implement this Business District Plan. i Obligations may be issued on either a taxable or tax - exempt basis, as general obligation bonds, general obligation debt certificates, alternate bonds or revenue bonds, or other debt instruments, with either fixed rate or floating interest rates; with or without capitalized interest; with or without deferred principal retirement; with or without interest rate limits except as limited by law; with or without redemption provisions, and on such other terms, all as the City may determine and deem appropriate. i I I � . I I 05392 \00547 \480773.5 11 IX. ESTABLISHMENT AND TERM OF THE COUNTRYSIDE BUSINESS DISTRICT The establishment of the Countryside Center Business District shall become effective upon adoption of an ordinance by the City Council adopting this Business District Plan and designating the Countryside Center Business District. Development agreements between the City and any developers or other private parties shall be consistent with the provisions of the Business District Act and this Business District Plan. Pursuant to the Business District Act, the Countryside Center Business District Sales Taxes described in Section VI may not be imposed for more than twenty -three (23) years pursuant to the provisions of the Business District Act. The Business District shall expire upon the termination of the imposition of the Countryside Center Business District Sales Taxes, which shall be no later than 23 years from the date of adoption of the ordinance approving this Business District Plan, and the final payout of the same from the Countryside Center Business District Tax Allocation Fund. II I 05392 \00547 \480773.5 12 i X. FORMAL FINDINGS Based upon the information described in the attached Exhibit C, the City Council of the United City of Yorkville finds and determines the following: (a) the Countryside Center Business District is a contiguous area and includes only parcels of real property directly and substantially benefitted by the proposed business district development or redevelopment plan; (b) the Business District Plan is consistent with the United City of Yorkville's Comprehensive Plan for the development of the City as a whole; (c) the Business District is a blighted area as defined "'in the Business District Act by reason of the predominance of defective or inadequate street layout and deterioration of site improvements, all as more specifically described in the Qualification Report attached hereto as Exhibit C; (d) the Business District constitutes an economic liability to the City in its present condition and use; and, (e) the Business District on the whole has not been subject to growth and development by private enterprises or would not reasonably be anticipated to be developed or redeveloped without the adoption of the business district development or redevelopment plan. i I 05392 \00547 \480773.5 13 I XI. PROVISIONS FOR AMENDING THE BUSINESS DISTRICT PLAN The United City of Yorkville's City Council may amend this Business District Plan from time to time by adopting an ordinance providing for such amendment. I I 05392 \00547 \480773.5 14