HomeMy WebLinkAbout#4068 - Third Amendment to the Redevelopment Plan and Projects for the Canton 1-Downtown/5th Avenue Tax Increment Financing District CERTIFICATE
THE UNDERSIGNED CERTIFIES THAT SHE IS THE CITY CLERIC 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 STH DAY OF
APRIL,2017 ADOPTED ORDINANCE NO.4068,A TRUE AND CORRECT COPY OF WHICH
IS CONTAINED IN THIS PAMPHLET.
GIVEN UNDER MY HAND AND SEAL THIS 5IIS DAY OF APRIL,2017.
(SEAL)
St
i AP E -77OCK
CITY CLERK
CITY 01? CANTON, ILLINOIS
ORDINANCE NO. 4068
AN ORDINANCE APPROVING THE THIRD AMENDMENT TO THE
REDEVELOPMENT PLAN AND PROJECTS FOR THE
CANTON 1-DOWNTOWN/S"'AVENUE
TAX INCREMENT FINANCING DISTRICT
PASSED BY THE CITY COUNCIL
OF THE CITY OF CANTON,HILTON 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 5Th DAY OF APRIL,2017
EFFECTIVE:APRIL 5,2017
ORDINANCE/OF3
ORDINANCE NO.4068
CITY OF CANTON,FULTON COUNTY,ILLINOIS
APPROVING THE THIRD AMENDMENT TO THE
REDEVELOPMENT PLAN AND PROJECTS FOR THE
CANTON 1-DOWNTOWN/5TH AVE TAX INCREMENT FINANCING DISTRICT
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 ernq.,as amended,hereinafter referred to as the"Act",for the Redevelopment Plan and Projects for
the proposed Third Amendment to the Canton 1-Downtown/5th Avenue Tax Increment Financing
('TIF")District within the municipal boundaries of the City of Canton and within the Redevelopment
Project Area as amended (the "Area) and described in Section 1(a) of this Ordinance,which Area
constitutes in the aggregate more than 1 Vs acres;and
WHEREAS,pursuant to Section 11-74.4-4.2 of the Act,on March 2,2004 the City approved
Resolution No.3685 to establish an"Interested Parties Registry"and adopt Registration Rules for the
registry for the Canton 1 -Downtown/5th Avenue TIF District;and
WHEREAS, on December 22, 2016 due notice in respect to a Public Meeting was given
pursuant to Section 11-74.4-6(e) of the Act, such notice being given to taxing districts having real
property in the Redevelopment Project Area as amended,interested panics,taxpayers who own property
in the Redevelopment Project Area as amended and residents in the Area as amended;and
WHEREAS,pursuant to Section 11-74.4-6(e) of the Act,on January 12,2017,the City held
a Public Meeting to advise the public,taxing districts having real property in the Redevelopment Project
Area as amended,taxpayers who awn property in the Redevelopment Project Area as amended,and
residents of the Area as amended 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;and
WHEREAS,pursuant to Section 11-74.45 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 Third Amendment to the Redevelopment Project Area,
Plan and Projects;and
WHEREAS,due notice in respect to a Public Hearing was 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 Districts 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 Caton D4 Luker on February 22,2017 and
March 1,2017;and
WHEREAS,pursuant to Section 11-74.4-5 of the Act,an March 14,2017 the City Council
caused a Public Hearing to be held relative to the Third Amendment to the Redevelopment Plan and
Projects and the designation of an Amended Redevelopment Project Area at the Canton City Train
Depot,50 N.4"Avenue,Canton,Illinois;and
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ORDINANCE!OF3
WHEREAS, the Third Amendment to 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 as amended 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 amended as said teens "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 as amended to determine whether
contiguous parcels of real property and improvements thereon in the proposed Redevelopment Project
Area as amended would be substantially benefitted by the proposed redevelopment project
improvements;and
WHEREAS, the City Council has further determined that the implementation of the Third
Amendment to 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 Redevelopment Projects,enhance the tax base of the taxing districts that extend into the
Redevelopment Project Area as amended;and
WHEREAS, the City Council has reviewed the proposed Third Amendment to the
Redevelopment Plan and Projects,Land Use and Zoning Map and Ordinances for the development of
the municipality as a whole to determine whether the proposed Redevelopment Plan and Projects as
amended conform to the Ordinances of the municipality.
NOW,THEREFORE,BE IT ORDAINED BY THE MAYOR AND 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 as amended 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 Third Amendment to the Plan which cause the arca to be added
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 as amended 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 Third Amendment to the Redevelopment Plan.
d. The Redevelopment Plan and Projects as amended conform to the land Use
and Zoning and Ordinances for the development of the municipalityas a whole.
e. The Redevelopment Plan and District as amended shall be completed no later
than December 31, 2028, the year in which payment is to be made to the
municipal treasurer with respect to ad valorem taxes levied in the twenty-third
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ORDINANCE OF3
(23s) calendar year after the year in which the Ordinance approving the
Redevelopment Plan and Projects was adopted.
f. The estimated date for retirement of obligations,if any,incurred to finance the
Redevelopment Project 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 as amended.
h. The Redevelopment Project Area as amended would not reasonably be
developed without the use of such incremental revenues.
i. Such additional information pertaining to the Qualifying Characteristics is set
forth in the Plan as amended.
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 Third Amendment to the Redevelopment Plan and Projects is hereby adopted and
approved. A copy of the Third Amendment to the Redevelopment Plan and the
Projects is attached hereto as Fxhibit 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.
(The balance of tbirpage es intentionalfr blank/
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ORDINANCE l OF3
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
Angels Hale X
Justin Nelson X
Craig West X
John Lovell X ABSENT
Tad Putrid: X ABSTAIN
Jeffrey Fritz,Mayor
TOTAL VOTES: 5 0 2
APPROVED: - ?IAir Date:n fL�o%fo ri
or
0
ATTEST: / Date: 'J/.J//)
wity i
Exhibit(A)Attached,Canton 1-Downtown/5th Ave TIP District Amended Legal Deacdpdon
ExbiNt(B)Attached,Canton 1-Downtown/5th Ave TIP District Amended Boundary Map
Exhibit(C)Attached,Canton 1-Downtown/5th Ave TIP District Third Amendment to
Redevelopment Plan and Projects
Page 4
ORDNANCE I OF.1
EXHIBIT A
CANTON]-DOWNTOWN/5TH AVENUE TIP DISTEICT
AMENDED LEGAL DESCRIPTION
A part of Sections 26,27,34 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 southerly tight-of-way line of East Chestnut Street and the westerly right-of-way line
of North Second Avenue; Thence southerly along the westerly right-of-way line of North Second
Avenue 133 feet,more or less;Thence easterly across North Second Avenue,248 feet,more or less;
Thence southerly 76 feet,mote or less;Thence easterly 116 feet,more or less;Thence northerly 82 feet,
more or less;Thence easterly across North Third Avenue,380 feet,more or less;Thence northerly 130
feet,more or less,to a point on the southerly right-of-way line of East Chestnut Street; Thence easterly
492 feet,more or less,along the southerly right-of-way line of East Chestnut Street across North Fourth
Avenue to a point being the intersection of the southerly right-of-way line of East Chestnut Street and
the westerly right-of-way line of North Fifth Avenue;Thence southerly along the westerly right-of-way
of North Fifth Avenue 132 feet,more or less; Thence easterly across North Fifth Avenue,to a point
in the east right-of-way line of North Fifth Avenue,said point being 132 feet,more or less,south of the
intersection of the southerly right-of-way line of East Chestnut Street and the easterly right-of-way line
of North Fifth Avenue;Thence continuing easterly 157 feet,more or less; Thence southerly 162 feet,
more or less;Thence westerly 78,feet more or less; Thence southerly 126 feet,more or less,to a point
in the north right-of-way line of East Elm Street, said point being 78 feet more or len east of the
intersection of the north right-of-way line of East Elm Street and the east right-of-way line of North
Fifth Avenue;Thence continuing southerly across East Elm Street 66 feet,more or less,to a point in
the south right-of-way line of East Elm Street, said point being 78 feet, more or less, cast of the
intersection of the south right-of-way line of East Elm Street and the east right-of-way line of South
Fifth Avenue;Thence continuing southerly 132 feet,more or less;Thence easterly 79,feet more or less;
Thence southerly 66, feet more or less; Thence westerly 79 feet more or less; Thence southerly 132
feet,more or less,to a point in the north right-of-way line of East Pine Street,said point being 78 feet,
more or less, east of the intersection of the north tight-of-way line of East Pine Street and the east
right-of-way line of South Fifth Avenue;Thence continuing southerly across East Pine Street 66 feet,
more or less,to a point in the south right-of-way line of East Pine Street,said point being 78 feet,more
or less, east of the intersection of the south right-of-way line of East Pine Street and the east
right-of-way line of South Fifth Avenue;Thence southerly 132 feet,more or less; Thence easterly 78
feet,more or less; Thence southerly 132 feet, more or less;Thence westerly 47 feet, more or less;
Thence southerly 147 feet,more or less,to a point in the north right-of-way line of East Walnut Street,
said point being 110 feet,more or less,east of the intersection of the north tight-of-way line of East
Walnut Street and the east right-of-way line of South Fifth Avenue;Thence easterly along the north
right-of-way line of East Walnut Street 36 feet,more or less,to a point being the intersection of said
north right-of-wayline of East Walnut Street and the extension of the east right-of-way line of the alley
between South Fifth Avenue and South Sixth Avenue; Thence southerly across East Walnut Street to
the intersection of the south right-of-way line of East Walnut Street and the east right-of-way line of
said alley between South Fifth Avenue and South Sixth Avenue; Thence southerly along said east
right-of-way line of the alley,across East Maple Street and Anderson Place,and continuing to a point
47 feet,more or less,south of the south right-of-way line of Anderson Place;Thence westerly 16 feet,
more or less;Thence southerly 172 feet,more or less; Thence westerly 52 feet,more or less; Thence
southerly 40 feet,more or less,to a point in the north right-of-way line of Gnat Place,said point being
80 feet,more or less,east of the intersection of the north right-of-way line of Grant Place and the east
right-of-way line of South Fifth Avenue;Thence easterly along the north right-of-way line of Grant
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ORDNANCE I0 3
Place 66 feet,more or less,m a point being at the intersection of said north right-of-way line of Grant
Street and the extension of the east right-of-way line of the alley between South Fifth Avenue and South
Sixth Avenue;Thence southerly across Grant Place 60 feet,more or less,to a point where the south
tight-of-way line of Grant Place intersects said east right-of-way line of the alley lying between South
Fifth Avenue and South Sixth Avenue;Thence continuing southerly 1570 feet,more or less,along the
east tight-of-way line of the alley lying between South Fifth Avenue and South Sixth Avenue,which
crosses over East Oak Street,East Hickory Street,and East Cherry Street to the intersection of said east
right-of-way line of the alley and the north right-of-way line of East Lion Street;Thence westerly 385
feet,more or less,along said north tight-of-way line of East Linn Street and across South Fifth Avenue
to a point being the intersection of said north right-of-way line of East Linn Street and the west
right-of-way line of the alley between South Fourth Avenue and South Fifth Avenue;Thence northerly
390 feet,more or less,along said west right-of-way line of the alley between South Fourth Avenue and
South Fifth Avenue, to a point being 21 feet, more or less, north of the intersection of said west
right-of-way line of said alley and the south right-of-way line of East Cherry Street;Thence westerly 195
feet,more or less,to a point on the east right-of-way line of the Burlington Northern Railroad Thence
northerly 821 feet,more or less,along said cast tight-of-way line of the Burlington Northern Railroad,
which crosses East Hickory Street,to the intersection of said east right-of-way line of the Burlington
Northern Railroad and the south right-of-way line of East Oak Street;Thence easterly 33 feet,more or
less,along said south right-of-way line of East Oak Street 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-wayline of South Fourth Avenue,which crosses East Oak Street,Anderson Place,and
East Itfaple Street,to the intersection of said cast 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 to the intersection of the south right-of-way line of East Elm Street and the west right-of-way line
of South Second Avenue;Thence southerly along the west tight-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 Avenue and the north right-of-way line of Walnut Street;Thence easterly 49 feet,more or less,
to the intersection of said north right-of-way line of Walnut Street and the east right-of-way line of
South Second Avenue;Thence southerly along said east right-of-way line of South Second Avenue,
which crosses East Walnut Street and East Maple Street,and continues to a point being 100 feet 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
east of South Second Avenue;Thence southerly along said west right-of-way line of the alley 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 266 feet,more or less,along the northerly
right-of-way line of the T.P.&W.Railroad,crossing South Second Avenue to the west rightof-way line
of the alley between South First Avenue and South Second Avenue;Thence northerly 816 feet,more
or less, along said west tight-of-way line of the alley between South First Avenue and South Second
Avenue which crosses East Maple Street and continues to the intersection of said west right-of-way line
of the alley and the south right-of-way line of East Walnut Street;Thence westerly along the south
right-of-way line of East Walnut Street across South Vint Avenue to a point being the intersection of
said south right-of-way line of East Walnut Street and the extension of the west right-of-way line of
White Court;Thence northerly across East Walnut Street and continuing along the west right-ofway
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ORDINANCE I OF 3
line of White Court to the intersection of said west right-of-way line of White Court and the south
right-of-way line of East Pine Street;Thence westerly along said south right-of-way line of East Pine
Street,which crosses South Main Street to a point being the intersection of said south right-of-way line
of West Pine Street and the extension of the west right-of-way line of South Avenue A; Thence
northerly across West Pine Street and continuing along said west tight-of-way line of South Avenue A
which crosses West Elm Street and West Chestnut Street,to a point being the intersection of the west
right-of-way line of North Avenue A and the extension of the south right-of-way line of the alley
between West Locust Street and West Chestnut Street,said point being 124 feet,more or less,south of
the south right-of-way of West Locust Street;Thence easterly across North Avenue A and continuing
along said south right-of-way line of rhe alley between West Locust Street and West Chestnut Street,
to a point being in the west right-of-way line of Market Court;Thence northerly along the westerly
right-of-way line of Market Court, 86 feet, more or less;Thence northwesterly continuing along the
westerly right-of-way line of Market Court,25 feet,more or less,to a point being the intersection of said
westerly right-of-way line of Market Court and the southerly right-of-way line of West Locust Street;
Thence easterly along the southerly right-of-way line of West Locust Street 178 feet, more or less;
Thence southeasterly,along the southerly right-of-way line of West Locust Street 49 feet,more or less,
to a point being on the westerly right-of-way line of Main Street;Thence southerly along the westerly
right-of-way line of Main Street 205 feet,more or less;Thence easterly 445 feet,more or less,which
crosses Main Street and continues to a point being on the westerly right-of-way line of North First
Avenue;Thence southerly along said westerly right-of-way line of North First Avenue 189 feet,more
or less, to the intersection of said west right-of-way line of North First Avenue and the south
right-of-way line of East Chestnut Street Thence easterly across North First Avenue and continuing
along said south right-of-way line of East Chestnut Street 445 feet, more or less, to the Point of
Beginning.
Page 7
ORDINANCE I OP3
EXHIBIT B
CANTON 1-DOWNTOWN/5TH AVENUE TIP DISTRICT
AMENDED BOUNDARY MAP
Page 8
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ORDINANCE I OF)
EXHIBIT C
CANTON 1 -DOWNTOWN/STH AVENUE TIP DISTRICT
THIRD AMENDMENT TO REDEVELOPMENT PLAN &PROJECTS
Page 9