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HomeMy WebLinkAbout#4056 - Establishment of a Tax Increment Financing "Interested Parties Registry" and Adopting Registration Rules for Such Registries for Canton TIF District 3 CERTIFICATE THE UNDERSIGNED CERTIFIES THAT SHE IS THE CITY CLERK FOR THE CITY OF CANTON,ILLINOIS,AND THAT THE CITY COUNCIL AT A REGULARLY CONSTITUTED MEETING OF SAID CITY COUNCIL OF THE CITY OF CANTON ON THE 20111 DAY OF DECEMBER, 2016 ADOPTED ORDINANCE NO. 4056, A TRUE AND CORRECT COPY OF WHICH IS CONTAINED IN THIS PAMPHLET. GIVEN UNDER MY HAND AND SEAL THIS D DAY OF DECEMBER, 2016. (SEAL) Cr D rit PAVLEY-ROCK CITY CLERK CITY OF CANTON, ILLINOIS ORDINANCE NO. 4056 AN ORDINANCE TO AUTHORIZE THE ESTABLISHMENT OF A TAX INCREMENT FINANCING "INTERESTED PARTIES REGISRF" AND ADOPTING REGISTRATION RULES FOR SUCH REGISTRIES FOR CANTON TIF DISTRICT 3 PASSED BY THE CITY COUNCIL OF THE CITY OF CANTON, FULTON COUNTY, ILLINOIS, ON THE 20111 DAY OF DECEMBER, 2016 PUBLISHED IN PAMPHLET FORM BY AUTHORITY OF THE CITY COUNCIL OF THE CITY OF CANTON, FULTON COUNTY, ILLINOIS, THIS 201"DAY OF DECEMBER, 2016 EFFECTIVE: DECEMBER 20, 2016 ORDINANCE NO. 4056 CITY OF CANTON ORDINANCE TO AUTHORIZE THE ESTABLISHMENT OF A TAX INCREMENT FINANCING "INTERESTED PARTIES REGISTRY" AND ADOPTING REGISTRATION RULES FOR SUCH REGISTRIES for CANTON TAX INCREMENT FINANCING DISTRICT 3 ADOPTED BY THE MAYOR AND CITY COUNCIL OF THE CITY OF CANTON,FULTON COUNTY, ILLINOIS, ON THE 20TH DAY OF DECEMBER,2016. ORDINANCE NO. 4056 AN ORDINANCE OF THE CITY OF CANTON, FULTON COUNTY, ILLINOIS AUTHORIZING THE ESTABLISHMENT OF A TAX INCREMENT FINANCING "INTERESTED PARTIES REGISTRY" AND ADOPTING REGISTRATION RULES FOR SUCH REGISTRIES for CANTON TIP DISTRICT 3 ORDINANCE WHEREAS,the City of Canton,Fulton County,Illinois(the"Cit")is a Municipal Corporation organized under the laws of the State of Illinois; and WHEREAS,pursuant to Section 11-74. 4-4.2 of the TIF Act,the City is required to establish certain"Interested Parties Registries"and adopt Registration Rules for such registries for the proposed Tax Increment Financing (TIF) District;and WHEREAS,the City desires to adopt this ordinance in order to comply with such requirements of the TIF Act. NOW THEREFORE, BE IT ORDAINED BY THE MAYOR AND CITY COUNCIL OF THE CITY OF CANTON, ILLINOIS THAT: SECTION 1. The above recitals are incorporated herein and made a part hereof. SECTION 2. The City Clerk,is hereby authorized and directed to create an Interested Patties Registry"in accordance with Section 11-74.4-4.2 of the TIP Act for each redevelopment project area created under the TIF Act, whether now existing or created after the date of the adoption of this ordinance. SECTION 3. In accordance with Section 11-74.4-4.2 of the Act,the City hereby adopts the Registration Rules attached hereto as Exhibit A as Registration Rules for each such Interested Parties Registry". The City Clerk,with the consent of the City's Special Counsel Jacob&Klein,Ltd.,as to form and legality, shall have the authority to amend such Registration Rules from time to time as may be necessary or desirable to comply with and carry out the purposes intended by the TIF Act. SECTION 4. If any provision of this ordinance shall be held to be invalid or unenforceable for any reason, the invalidity or unenforceability of such provision shall not affect any of the other provisions of this ordinance. SECTION 5. All ordinances,resolutions,motions or orders in conflict with this ordinance are hereby repealed to the extent of such conflict. SECTION 6. This ordinance shall be in full force and effect immediately upon its passage. Canton TIF Dntdct3 -Interested Parties Registry Page 1 PASSED, APPROVED AND ADOPTED by the Corporate Authorities of the City of Canton,Fulton County,Illinois,on the 20th day of December,A.D.2016,and deposited and filed in the Office of the City Clerk of said City on that date. CORPORATE AYE VOTE NAY VOTE ABSTAIN / AUTHORITIES ABSENT Gerald Ellis X Ryan Mahew X Angela Hale X Justin Nelson X Craig West X John Lovell X ABSENT Tad Putrich X ABSTAIN Jeffrey Fritz,Mayor TOTAL VOTES: 5 0 2 APPROVED: Date: /0 /,-ai-A /6 Mayo ATTEST: C�c Date: /4 L�azo/ - tty erk Attachments: Exhibit A: TIF Interested Parties Registry Registration Rules Exhibit B: Interested Parties Registry Form Canton TIF Dir/tirl 3-Interested Parties Registry Page 2 EXHIBIT A CITY OF CANTON FULTON COUNTY, ILLINOIS CANTON TIF DISTRICT 3 TIF INTERESTED PARTIES REGISTRY REGISTRATION RULES A. Definitions. As used in these Registration Rules, the following terms shall have the definitions set forth below: "Act"shall mean the Tax Increment Allocation Redevelopment Act,65ILCS 5/11-74.4-1,et seq., as amended from time to time. "Clerk" shall mean the City Clerk. "Interested Party(ies)" shall mean (a) any organization(s) active within the City, (b) any resident(s)of the City,and (c) any other entity or person otherwise entitled under the Act to register in the Interested Parties Registry who has registered in such Registry and whose registration has not been terminated in accordance with these Registration Rules. "Redevelopment Project Area"shall mean a redevelopment project area that(a)is intended to qualify or that has previously or subsequently qualified as a"redevelopment project area" under the Act,and (b) is subject to the"interested parties registry"requirements of the Act. "Registration Form" shall mean the form appended to these Registration Rules, or such revised form as may be approved by the Department consistent with the requirements of the Act. "Registry"or"Registries"shall mean each interested parties registry,and all such registries, collectively, established by the City pursuant to Section 11-74.4-4.2 of the Act for a Redevelopment Project Area. "City" shall mean the City of Canton, an Illinois Municipal Corporation. B. Establishment of Registry. The City shall establish a separate interested parties registry for each Redevelopment Project Area,whether existing as of the date of the adoption of these Rules or hereafter established. C. Maintenance of Registry. The Registries shall he maintained by the Clerk, which has a principal business office located at City Hall, Canton, Illinois. The City may transfer the responsibility for maintaining the Registries to such other Department provided that the City (a)gives prior written notice to all Interested Parties not less than thirty(30)days prior to such transfer,and(b)publishes notice of such transfer in a newspaper of general circulation in the City. D. Registration by Residents. An individual seeking to register as an Interested Parry with respect to a Redevelopment Project Area must complete and submit a Registration Form to the Clerk. Such individual must also submit a copy of a current driver's license,utility bill,or Canton TIFDistrict 3-Interested Parties Registry Page 3 such other evidence as may be acceptable to the Clerk to establish the individual's current residency. E. Registration by Organizations. An organization seeking to register as an Interested Party with respect to a redevelopment project area must complete and submit a Registration Form to the Clerk. Such organization must also submit a copy of a one-page statement describing the organization's current operations in the City. F. Determination of Eligibility. All individuals and organizations whose Registration form and supporting documentation complies with these Registration Rules shall be registered in the applicable Registry within ten (10) business days of the Clerk's receipt of all such documents. The Clerk shall provide written notice to the registrant confirming such registration. Upon registration, Interested Parties shall be entitled to receive all notices and documents required to be delivered under these Rules or as otherwise required under the Act with respect to the applicable redevelopment project area. If the Clerk determines that a registrant's Registration Form and/or supporting documentation is incomplete or does not comply with these Rules, the Clerk shall give written notice to the registrant specifying the defect(s). The registrant shall be entitled to correct any defects and resubmit a new Registration Form and supporting documentation. G. Renewal and Termination. An Interested Party's registration shall remain effective for a period of three years. At any time after such three year period,the Clerk may provide written notice by regular mail to the Interested Party stating that such registration shall terminate unless the Interested Party renews such registration within thirty (30) days of the Clerk's mailing of written notice. To renew such registration,the Interested Party shall,within such thirty (30) day period, complete and submit the same Registration form and supporting documentation then required of initial registrants in order to permit the Clerk to confirm such person's residency or such organization's operations in the City. The registration of a0 individuals and organizations whose Registration Form and supporting documentation is submitted in a timely manner and complies with these Regulation Rules shall be reviewed for an additional,consecutive three year period. If the Clerk determines that a registrant's renewal Registration Form and/or supporting documentation is incomplete or does not comply with these Registration Rules, the Clerk shall give written notice to the registrant at the address specified in the renewal Registration Form submitted by such registrant, specifying the defect(s). The registrant shall be entitled to correct any defects and resubmit a new Registration Form and supporting documentation within thirty (30) days of receipt of the Clerk's notice. If all defects are not corrected within thirty(30)days or the Interested Party's receipt of the Clerk's notice, the Interested Party's registration shall be terminated. Any Interested Party whose registration is terminated shall be entitled to register again as if a first- time registrant. H. Amendment to Registration. An Interested Parry may amend its registration by giving written notice to the Clerk by certified mail of any of the following: (i)a change in address for notice purposes: (ii)in the case of organizations,a change in the name of the contact person: and (iii) a termination of registration. Upon receipt of such notice,the Clerk shall revise the applicable Registry accordingly. I. Registries Available for Public Inspection. Each Registry shall be available for public inspection during normal City business hours. The Registry shall include the name,address Canton TIP District 3-Interested Parties Registry Page 4 and telephone number of each Interested Person and,for organizations,the name and phone number of a designated contact person. J. Notices to be Sent to Interested Patties. Interested Parties shall be sent the following notices and any other notices required under the Act with respect to the applicable Redevelopment Project Area. (i) pursuant to §74.4-5(a) of the Act, notice of the availability of a proposed redevelopment plan and eligibility report,including how to obtain this information; such notice shall be sent by mail within a reasonable period of time after the adoption of the ordinance fixing the public hearing for the proposed redevelopment plan; (ii) pursuant to §74.4-5(a) of the Act, notice of changes to proposed redevelopment plans that do not (1) add additional parcels of property to the proposed redevelopment project area,(2) substantially affect the general land uses proposed in the redevelopment plan,(3) substantially change the nature of or extend the life of the redevelopment project, or (4) increase the number of low or very low income households to be displaced from the redevelopment project area,provided that measured from the time of creation of the redevelopment project area the total displacement of the households will exceed 10; such notice shall be sent by mail not later than 10 days following the City's adoption by ordinance of such changes; (iii) pursuant to 574A-5(c) of the Act, notice of amendments to previously approved redevelopment plans that do not (1) add additional parcels of property to the redevelopment project area, (2) substantially affect the general land uses in the redevelopment plan, (3) substantially change the nature of the redevelopment project, (4) increase the total estimated redevelopment project costs set out in the redevelopment plan by more than 5%after adjustment for inflation from the date the plan was adopted, (5) add additional redevelopment project costs to the itemized list of redevelopment project costs set out in the redevelopment plan,or (6) increase the number of low or very low income households to be displaced from the redevelopment project area, provided that measured from the time of creation of the redevelopment project area the total displacement of households will exceed 10;such notice shall be sent by mail not later than 10 days following the City's adoption by ordinance of any such amendment; (iv) pursuant to §74.4-5(d)(9) of the Act, for redevelopment plans or projects that would result in the displacement of residents from 10 or more inhabited residential units or that contain 75 or more inhabited residential units,notice of the availability of the certified audit report described in§74.4-5(d)(9),including how to obtain the certified audit report; such notice shall be sent by mail within a reasonable period of time after completion of the certified audit report; (v) pursuant to§74.4-6(e)of the Act,notice of the preliminary public meeting required under the Act for a proposed Redevelopment Project Area that will result in the displacement of 10 or more inhabited residential units or which will contain 75 or more inhabited residential units,such notice shall be sent by certified mail not less than 15 days before the date of such preliminary public meeting. Canton TIP District 3 -Interested Patties Registry Page 5 K Non-Interference. These Registration Rules shall not be used to prohibit or otherwise interfere with the ability of eligible organizations and individuals to register for receipt of information to which they are entitled under the Act. L. Amendment of Registration Rules. These Registration Rules maybe amended by the City Council, subject to and consistent with the requirements of the Act. THE CITY OF CANTON Canton TIF District 3-Interested Parties Registry Page 6 EXHIBIT B CITY OF CANTON FULTON COUNTY,ILLINOIS CANTON TIF DISTRICT 3 INTERESTED PARTIES REGISTRY The following Individuals and Organizations have registered with the City under Rules adopted by the City pursuant to 65 Illinois Compiled Statutes 5/11-74.4-4.2: INDIVIDUALS Name Address 1. rtvc,irrtc I Jt � J72? _3 VP' 4 , Phone: ell) LQ-2- f�y7.'ti Zip: (Q/ 7 6 2. 4e Piro Phone: ( ) er.,11-J Zip: 1 0/31_6 3. Phone: (_)_ Zip: 4. Phone: (_)_ _ Zip: 5. Phone: (_)_- Zip: 6. Phone: (_)_ Zip: 7. Phone: (_) Zip: CANTON TIF DISTRICT 3 ORGANIZATIONS 1. Organization Zip: Contact Person: Phone: )—_ 2. Organization Zip: Contact Person: Phone: (—) 3. Organization Zip: Contact Person: Phone: (—) - 4. Organization Zip: Contact Person: Phone: (—) 5. Organization Zip: Contact Person: Phone: 6. Organization Zip: Contact Person: Phone: 7. Organization Zip: Contact Person: Phone: (_)— NOTICE OF PUBLIC MEETING CITY OF CANTON PROPOSED THIRD AMENDMENT TO CANTON 1-DOWNTOWN/5TH AVENUE TIF DISTRICT The City of Canton,Fulton County,Illinois,an Illinois Municipal Corporation,hereby gives Notice of a Public Meeting to be held on Thursday.January 12.2017 at 5:30 p.m.Central Standard Time at the Canton Train Depot 50 N.4'h Avenue Canton, IL 61520,to consider the proposed Third Amendment to the Canton 1-Downtown/5th Avenue Tax Increment Financing District ("TIF District 1")Redevelopment Project Area,Plan and Projects pursuant to the Tax Increment Allocation Redevelopment Act (65 TICS 5/11-74.4 et.seq.,the"Act'). Pursuant to the Act, the Public Meeting shall be held for the purpose of enabling the City to advise the public as to the City's possible intent to prepare an Amendment to the Redevelopment Plan and designate an Amended Redevelopment Project Area and to receive public comment.All taxing districts having real property in the proposed Amended Redevelopment Project Area, interested persons,residents,property taxpayers,and all entities that have registered with the City in accordance with registration guidelines established for the Interested Parties Registry will be given an opportunity to be heard orally and may file,with the person conducting the meeting,statements that pertain to the subject matter of the meeting. Proposed Amended Redevelopment Project Area: Pursuant to the Act,the Redevelopment Project Area as Amended("Area')includes only those contiguous parcels of real property and improvements thereon which would be substantially benefitted by a redevelopment project and the Area is not less in the aggregate than 11/2 acres.The areas proposed to be added and removed from the Canton 1-Downtown/5th Avenue TIF District are illustrated on the proposed Boundary Map on Page 2 of this notice. Purpose of Amending the Redevelopment Project Area Plan& Projects: The City of Canton proposes to amend its TIF District 1 Redevelopment Project Area in order to make adjustments to the Area by adding and removing properties.The intent of the Amended Redevelopment Plan is to promote and protect the health,safety,morals,and welfare of the public,address blighted conditions in the Amended Area and institute conservation measures so as to remove and alleviate adverse conditions,encourage private investment,and restore and enhance the tax base of the taxing districts by undertaking public and private redevelopment projects within the Amended Redevelopment Project Area. Description of Tax Increment Financing A TIF District establishes a geographic boundary(a redevelopment project area) in which new private investment is encouraged.A municipality may issue obligations to finance improvements that will enable the redevelopment of deteriorated, blighted,or other key conservation areas within its corporate limits. A municipality may also choose to use TIF funds on apay-as:yougo basis whereby revenue is spent as it is collected.In either case,by making public improvements,the municipality may more effectively invite new private investment so that the expected increase in property tax revenues may be captured,temporarily,to help pay for the public improvements. The City intends to offer TIE'incentives to offset certain private project costs.It is expected that new investment within the designated redevelopment area,as amended,within the City of Canton will stimulate a resurgence of population,employment, and assessed valuation throughout the entire community. It should be noted that Tax Increment Financing DOES NOT RAISE PROPERTY TAXES and it IS NOT A NEW TAX OR A NEW TAXING DISTRICT.Only an increased assessment or an overall increase in tax rates can raise taxes. TIF is merely used to reallocate increased property tax revenues created only by increased assessed valuation that is realized after a TIF District is established. A TIF District may last for up to 23 years. With Tax Increment Financing,the property tax base is preserved during the life of the TIP District that will continue to pay for the basic public services the proposed redevelopment area already receives. For additional information,comments and suggestions regarding the Third Amendment to the Canton 1-Downtown/5th Avenue TIF District,please contact Ms. Nancy Rabel,City Attorney,City of Canton,2 N.Main Street,Canton,IL 61520, ph: (309) 647-2738. Diana Pavlev-Rock City Clerk Page 1 of 2 E A 4 A C m g W 1 1 .J ..V.s_H c _m.. _.Y ... w ...._$ t 1 k.� i F „4 s L a-aa 2 r is A x 5� w w•. ..w.-r <.. F a ... y �Z �,W e rts: a ....s a • ! ....i �_\ _ liaWC_ i a / \ 3 f 6 A F 3 I 1 CITY 07 CARTON. ILLINOIS PUBLIC.oTIa • M Wy of Canton. Wrath hereby po,Ylee Nuala NM the Jan•ppnm+all Ont ance Io mRfn rgWUNry any militant narlpaty Int.rtd In or vm.RM wr..mn retooling the ement sed Cyan ImPanting Martha A. aleMY� parte. arta J Y Mening. Marin rMNen RglnerN( Pne. will also remise nags of the _ y M the proposed ill Rean'ee,mmt PYa are M to obtain nab Iobrm.fbn sad Nark*ol.I-sw nearing. This regiathallea M2 We been publishedPublicIn.1n td ace W ith DIMSItl h6 MI 174*1 475 RerylntkmA. e of the See governing N rt{NOf Interested • es. an men N otion Registry Mv.11.MR City 11.11. 2It NN [ IMI Main Street. Canton. Satiate. mace Moithlay MuulnouFriar- loather •00is.m OO pIonaa Pa Citypear.min pmmey,wClay al Canton. at 1SIN . Diane P.IXey-ROCk. City ClerY January 6.2017 ....,.. CITY OP CANTON,ILLINOIS PUBLIC MEETING,JANUARY 12,2017- CANTON CITY HALL PROPOSED THIRD AMENDMENT TO CANTON 1-DOWNTOWN/5TH AVENUE TAX INCREMENT FINANCING DISTRICT Pkkarc4-in byppri/nting name below: Jf.v2 \ "; ho mc .. /res49^JoA tff S-Fro d L Z, C[ark— han 1_w1g 7 6.1 I IMO �/ NOTICE OF PUBLIC MEETING CITY OF CANTON PROPOSED THIRD AMENDMENT TO CANTON 1-DOWNTOWN/5TH AVENUE TIP DISTRICT • The City of Canton,Fulton County,Illinois,an Illinois Municipal Corporation,hereby gives Notice of a Public Meeting to be held on Thursday.January 12.2917 at 5:30 mm.Central Standard T e at the Canton Train Depot 50 N.4111 Avenue—Canton.IL 61520,to consider the proposed Third Amendment to the Canton 1-Downtown/5th Avenue Tax Increment Financing Dist ('TIF District 1")Redevelopment Project Area,Plan and Projects pursuant to the Tax Increment Allocation Redevelopment Act (65 NI'S 5/11-74.4 er.req.,the"Act'). Pursuant to the Act,the Public Meeting shall be held for the purpose of enabling the City to advise the public as to the City's possible intent to prepare an Amendment to the Redevelopment Plan and designate an Amended Redevelopment Project Area and to receive public comment.All taxing disoics having real property in the proposed Amended Redevelopment Project Area, interested persons,residents,property taxpayers,and all entities that have registered with the City in accordance with registration guidelines established for the Interested Parties Registry will be given an opportunity to be heard orally and may file,with the person conducting the meeting,statements that pertain to the subject matter of the meeting. Proposed Amended Redrvrinnmrnt Proie rt Area: Pursuant to the Act,the Redevelopment Project Area as Amended("Area')includes only those contiguous parcels of real property and improvements thereon which would be substantially benefitted by a redevelopment project and the Area is not less in the aggregate than 11/2 acres.The areas proposed to be added and removed from the Canton 1-Downtown/5th Avenue TIF District are illustrated on the proposed Boundary Map on Page 2 of this notice. Purpose of Amending the Redevelopment ProjectArca_Plan&Projects. The City of Canton proposes to amend its TIF District 1 Redevelopment Project Area in order to make adjustments to the Area by adding and removing properties.The intent of the Amended Redevelopment Plan is to promote and protect the health,safety,morals,and welfare of the public,address blighted conditions in the Amended Area and institute conservation measures so as to remove and alleviate adverse conditions,encourage private investment,and restore and enhance the tax base of the taxing districts by undertaking public and private redevelopment projects within the Amended Redevelopment Project Area. Desertion of Tax Increment Financing: A TIF District establishes a geographic boundary(a redevelopment project area)in which new private investment is encouraged.A municipality may issue obligations to fmance improvements that will enable the redevelopment of deteriorated,blighted,or other key conservation areas within its corporate limits.A municipality may also choose to use TIF funds on a pay-arysxgo basis whereby revenue is spent as it is collected.In either case,by making public improvements,the municipality may more effectively invite new private investment so that the expected increase in property tax revenues may be captured,temporarily,to help pay for the public improvements. The City intends to offer TIF incentives to offset certain private project costs.It is expected that new investment within the designated redevelopment area,as amended,within the City of Canton will stimulate a resurgence of population,employment, and assessed valuation throughout the entire community. It should be noted that Tax Increment Financing DOES Financing DcwaligijitagamagniAnk and it I.4 NOT A NEW TAX OR ANEW TAXING DISTRICT.Only an increased assessment or an overall increase in tax rates can raise taxes. TIF is merely used to reallocate increased property tax revenues created only by increased assessed valuation that is realized after a Tl?District is established. A TIP District may last for up to 23 years. With Tax Increment Financing,the property tax base is preserved during the life of the TIF District that will continue to pay for the basic public services the proposed redevelopment area already receives. For additional information,comments and suggestions regarding the Third Amendment to the Canton 1-Downtown/5th Avenue TIF District,please contact Ms.Nancy Rebel,City Attorney,City of Canton,2 N.Main Street,Canton,IL 61520, ph:(309) 647-2738. 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