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TO: Mayor Thomas J. Weisner
FROM: Bill Wiet, Chief Development Services Officer
DATE: April 6, 2016
SUBJECT:
To approve the second ordinance necessary to add the City-owned property at 2065 Bilter Road to Tax Increment Financing District No. 8.
PURPOSE:
This ordinance approves the addition of the 5-acre, City-owned property at 2065 Bilter Road into Tax Increment Financing District No. 8.
BACKGROUND:
The City acquired the property and annexed it into the City over the past year. It is being considered for an additional access drive into the Chicago Premium Outlets.
DISCUSSION:
By having the property included in TIF No. 8, the acquisition costs and driveway construction become TIF eligible expenses.
IMPACT STATEMENT:
The action being recommended will have no negative impact on the City and its residents.
RECOMMENDATIONS:
It is recommended that the Ordinance be approved.
CITY OF AURORA, ILLINOIS
ORDINANCE NO. _________
DATE OF PASSAGE ________________
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An Ordinance of the City of Aurora, DuPage, Kane, Kendall, and Will Counties, Illinois, Amending the East Farnsworth TIF District No. 8 Redevelopment Project Area of Said City Pursuant to the Tax Increment Allocation Redevelopment Act
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WHEREAS, the City of Aurora has a population of more than 25,000 persons and is, therefore, a home rule unit under subsection (a) of Section 6 of Article VII of the Illinois Constitution of 1970; and
WHEREAS, subject to said Section, a home rule unit may exercise any power and perform any function pertaining to its government and affairs for the protection of the public health, safety, morals, and welfare; and
WHEREAS, it is desirable and in the best interest of the citizens of the City of Aurora, DuPage, Kane, Kendall, and Will Counties, Illinois (the “City”), for the City to implement tax increment allocation financing pursuant to the Tax Increment Allocation Redevelopment Act, Division 74.4 of Article 11 of the Illinois Municipal Code, as amended (the “Act”), for a amended redevelopment plan and redevelopment project (the “Plan and Project”) within the municipal boundaries of the City and within a amended redevelopment project area (the “Area”) described in Section 1 of this Ordinance; and
WHEREAS, the Corporate Authorities have heretofore by ordinance approved the Plan and Project, which Plan and Project were identified in such ordinance and were the subject, along with the Area designation hereinafter made, of a public hearing held on March 22, 2016, 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 City Council of the City of Aurora, Illinois, as follows:
Section 1. Area Amended. That the amended Area, as legally described in Exhibit A 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 general street location for the Area is described in Exhibit B attached hereto and incorporated herein as if set out in full by this reference. The map of the Area is depicted on Exhibit C attached hereto and incorporated herein as if set out in full by this reference.
Section 2. Invalidity of Any Section. That 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. That all ordinances, resolutions, motions, or orders in conflict herewith shall be, and 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.
ATTACHMENTS:
EXHIBIT A -Amended Legal Description
EXHIBIT B - General Street Location as Amended
EXHIBIT C - Map of Amended Redevelopment Project Area
PASSED this ____ day of _____________, 2016.
AYES _______ NAYS ________ ABSENT __________
APPROVED:_____________________________
MAYOR
ATTEST:
__________________________________
CITY CLERK