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Home My WebLink About#4065 Redevelopment Plan Dist 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 5T"DAY OF APRIL,2017 ADOPTED ORDINANCE NO.4065,A TRUE AND CORRECT COPY OF WHICH IS CONTAINED IN THIS PAMPHLET. GIVEN UNDER MY HAND AND SEAL THIS 54. DAY OF APRIL,2017. (SEAL) a- , Dr _-;A ' -• 1 K CITY CLERK CITY OF CANTON, ILLINOIS ORDINANCE NO. 4065 AN ORDINANCE APPROVING THE REDEVELOPMENT PLAN AND PROJECTS FOR CANTON TAX INCREMENT FINANCING DISTRICT 3 PASSED BY THE CITY COUNCIL OF THE CITY OF CANTON,FULTON COUNTY,ILLINOIS, ON THE 5Th DAY OF APRIL,2017 PUBLISHED IN PAMPHLET FORM BY AUTHORITY OF THE CITY COUNCIL OF THE CITY OF CANTON,FULTON COUNTY,ILLINOIS, THIS 5"'DAY OF APRIL,2017 EFFECTIVE:APRIL 5,2017 ORDINANCE/OF3 ORDINANCE NO.4065 CITY OF CANTON,FULTON COUNTY,ILLINOIS APPROVING THE REDEVELOPMENT PLAN AND PROJECTS POR CANTON TAX INCREMENT FINANCING DISTRICT 3 WHEREAS,the City of Canton,Fulton County,Illinois,(the"City")desires to implement tax increment financing pursuant to the Tax Increment Allocation Redevelopment Act,651LCS 5/11-74.4- 1 at aq.,as amended,hereinafter referred to as the"Act",for the Redevelopment Plan and Projects for the proposed Canton Tax Increment Financing("TIF")District 3 within the municipal boundaries of the City of Canton and within the Redevelopment Project Area(the"Area")as described in Section 1(a) of this Ordinance,which Area constitutes in the aggregate more than 1 'h acres;and WHEREAS, pursuant to Section 11-74.4-4.2 of the Act, on December 20, 2016, the City approved Ordinance No.4056 to establish an"Interested Parties Registry"and adopt Registration Rules for the registry for Canton TIF District 3;and WHEREAS,pursuant os Section 11-74.4-5 of the Act,on February 14,2017,the City convened a Joint Review Board to consider the proposal and the Joint Review Board met on said date and recommended that the City Council approve the Redevelopment Project Area,Plan and Projects;and WHEREAS,due notice in respect to a Public Hearingwas given pursuant to Section 11-74.4-5 and 6 of the Act,with notice being given on January 26,2017 by certified mail to Taxing Distucts and the State of Illinois Department of Commerce and Economic Opportunity;on February 2,2017 by certified mail to Taxpayers and by regular U.S.mail to residents in the Area;on February 9,2017 by regular U.S.mail to all residences within 750 feet of the Redevelopment Project Area and registrants on the Interested Parties Registry;and by publication in The Cane Daily Laker on February 22,2017 and March 1,2017;and WHEREAS,pursuant to Section 11-74.4-5 of the Act, on March 14,2017 the City Council caused a Public Hearing to be held relative to the Redevelopment Plan and Projects and the designation of a Redevelopment Project Area at the Canton City Train Depot,50 N.4*Avenue,Canton,Illinois; and WHEREAS,the Redevelopment Plan and Projects set forth the factors constituting the need for the redevelopment of blighted and conservation areas in the proposed Redevelopment Project Area and the City Council has reviewed testimony concerning such needs presented at the Public Hearing and has reviewed other studies and is generally informed of the conditions in the proposed Redevelopment Project Area as said terms "Blighted Area, Conservation Area and Combination of Blighted and Conservation Areas"is used in the Act;and WHEREAS, the City Council has reviewed the conditions pertaining to lack of private investment within the proposed Redevelopment Project Area to determine whether contiguous parcels of real property and improvements thereon in the proposed Redevelopment Project Area would be substantially benefitted by the proposed redevelopment project improvements;and WHEREAS,the City Council has further determined that the implementation of the Redevelopment Plan will increase the City's population,increase employment opportunities,increase the overall value and quality of life of the community for its residents, and by completing the Page 1 ORDINANCE I On Redevelopment Projects,enhance the tax base of the taxing districts that extend into the Redevelopment Project Area;and WHEREAS, the City Council has reviewed the proposed Redevelopment Plan and Projects,Land Use and ZoningMap and Ordinances for the development of the municipality as awhole to determine whether the proposed Redevelopment Plan and Projects conform to the Ordinances of the municipality. NOW,THEREFORE,BE IT ORDAINED BY THE MAYORAND CITY COUNCIL OF THE CITY OF CANTON,FULTON COUNTY,ILLINOIS,THAT: 1. The City Council of the City of Canton hereby makes the following findings: a. The area constituting the proposed Redevelopment Project Area in the City of Canton, Illinois,is described in Exhibit A (Legal Description) and Exhibit B (Boundary Map)of this Ordinance. b. There exist conditions set forth herein and in the Qualifying Characteristics described in the Plan which cause the area to be designated as a"Combination of Blighted and Conservation Areas"as defined in Section 11-74.4-3 of the Act. c. The proposed Redevelopment Project Area on the whole has not been subject to growth and development through investment by private enterprise and would not be reasonably anticipated to be developed without the adoption of the Redevelopment Plan. d. The Redevelopment Plan and Projects conform to the Land Use and Zoning and Ordinances for the development of the municipality as a whole. c. The Redevelopment Plan and District shall be completed no later than December 31 of the year in which the payment is made to the municipal treasurer with respect to ad valorem taxes levied in the twenty-third (231 calendar year after the year in which this Ordinance approving the Redevelopment Plan and Projects is adopted. f The estimated date for retirement of obligations,if any,incurred to finance the Redevelopment Projects costs shall be no later than twenty(20)years from the effective date of the Ordinance related to such obligations,or the end of the TIP District,whichever occurs first. g. Such incremental revenues will be exclusively used for the development of the Redevelopment Project Area. h. The Redevelopment Project Area would not reasonably be dm--eloped without the use of such incremental revenues. i. Such additional information pertaining to the Qualifying Characteristics is set forth in the Plan. Page 2 ORDNANCE I OF3 j. In addition,the City has reviewed the following material: (1) Land Use Applicable Zoning Map and Ordinances. (2) Impact on other Taxing Districts. (3) Findings and Recommendations of the Joint Review Board. 2. The Redevelopment Plan and Projects are hereby adopted and approved.A copy of the Redevelopment Plan and the Projects is attached hereto as Exhibit C and made a part of this Ordinance. 3. All ordinances and parts of ordinances in conflict herewith are hereby repealed. 4. This Ordinance shall be in full force and effect from and after its passage and approval as provided by law. PASSED, APPROVED AND ADOPTED by the Corporate Authorities of the City of Canton,Illinois on the 5th day of April,A.D.,2017,and deposited and filed in the Office of the City Clerk of said City on that date. MAYOR&CITY COUNCIL AYE VOTE NAY VOTE ABSTAIN/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 Frits,Mayor TOTAL VOTES: 5 0 2 APPROVED• Dau: o ee/ ot7 , itynAp ATTEST: WITt Date:#1/4ei /7 ...-Sur Clerk Exhibit(A)Attached,Canton TIP District 3 Legal Description Exhibit(B)Attached,Canton TIP District 3 Boundary Map Exhibit(C)Attached,Canton TIP District 3 Redevelopment Plan and Projects Page 3 ORDINANCE I Of3 EXHIBIT A CANTON TIP DISTRICT 3 LEGAL DESCRIPTION A part of Sections 27, 34 and 35 all in Township 7 North, Range 4 East of the Fourth Principal Meridian, Fulton County, Illinois, further described as follows: Beginning at a point being the intersection of the north right-of-way line of East Walnut Street and the east right-of-way line of South Second Avenue; Thence southerly along the east right-of-way line of South Second Avenue,crossing East Walnut Street and East Maple Street, to a point being 100 feet, more or less, south of the intersection of the south right-of-way line of East Maple Street and the east right-of-way line of South Second Avenue;Thence easterly 188 feet,more or less,to the west right-of-way line of the alley cast of South Second Avenue;Thence southerly along said west right-of-way line of the alley east of South Second Avenue 150 feet,more or less;Thence westerly 188 feet,more or less,to the east right-of-way line of South Second Avenue;Thence southerly 150 feet,more or less,along the east right-of-way line of South Second Avenue to the intersection of the east right-of-way line of South Second Avenue and the northerly right-of-way line of the T.P.&W.Railroad;Thence westerly along said northerly right-of- way line of the T.P. &W. Railroad which crosses South Second Avenue,South First Avenue,South Main Street,South Avenue A and South Avenue B to a point on the west right of way line of South Avenue B;Thence southerly along the west right-of-way line of South Avenue B,to a point being the intersection of said west right-of-way line of South Avenue B and the south right-of-way line of the T.P. &W.Railroad;Thence easterly along the southerly right-of-way line of the T.P.&W.Railroad which crosses South Avenue B and South Avenue A to a point what the southerly right-of-way line of the T.P.&W.Railroad intersects the west right-of-way line of South Main amen Thence southerly 466 feet, more or less,along said west right-of-way line of South Main Street to the Intersection of said west right-of-way line of South Main Street and the south right-of-way line of East Oak Street Thence easterly along said south right-of-way line of East Oak Street which crosses South Main Street,South First Avenue,South Second Avenue,South Third Avenue and South Fourth Avenue to the intersection of said south right-of-way line of East Oak Street and the east right-of-way line of South Fourth Avenue;Thence northerly along said east right-of-way line of South Fourth Avenue which crosses East Oak Street,Anderson Place,and East Maple Street to a point being the intersection of said east right-of- way line of South Fourth Avenue and the north right-of-way line of East Maple Street;Thence westerly along said north right-of-way line of East Maple Street to the intersection of said north right-of-way line of East Maple Street and the east right-of-way line of South Third Avenue;Thence northerly along said east right-of-way line of South Third Avenue to the intersection of said east right-of-way line of South Third Avenue and the south right-of-way line of East Elm Street;Thence westerly along said south right-of-way line of East Elm Street across South Third Avenue and South Second Avenue to the intersection of said south right-of-way line of East Elm Street and the west right-of-way line of South Second Avenue;Thence southerly along said west right-of-way line of South Second Avenue,which crosses Pine Street and continues to the intersection of said west right-of-way line of South Second Street and the north right-of-way line of East Walnut&teen Thence easterly 49 feet,more or less,across South Second Street to the Point of Beginning. Page 4 ORDINANCE/OF3 EXHIBIT B CANTON TIF DISTRICT 3 BOUNDARY MAP Page 5 MOM. Airline- r 1 f---! I " In-; ; 1 - F- i - - 1 �•. : - -. . 4 YF - W 1 i r , • • . TI - - 1. Ti' 1 r1 X1.._ "i , .i% fir j ..iii 1� roI 1 TJI L� ._. I I l : ^I,im._._a._..._._._...= _ � awai ---�aMil [ � '_ I T G 89 C I i I I l !. v d -T ( a 1 i 1 Na8tirr .timigat _ L JI -r1 1 '_ II _1 H 111 i@@@ 1- fi@rer Ll — 1t �J � 4 ii : it A LL '.. 1 1 i.I _ i-- --1,I- 1 - I- _ ; I 1 - I' _11 L \Ql lit I , r _ 1 ; I I \l;'' C1 ; 1I- , , I ; ` I I r 77-7 I- _ I 1 1 a �_ ` F C. ; ORDINANCE/OF3 EXHIBIT C CANTON TIP DISTRICT 3 REDEVELOPMENT PLAN&PROJECTS Page 6