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HomeMy WebLinkAboutOrdinance #0621~ ,r i. ~ ,5 '_. ~ . 3 ~ .. ORDINANCE N0. Cp AN ORDINANCE APPROVING THE TAX INCREMENT REDEVELOPMENT PLAN AND RE- DEVELOPMENT PROJECT. WHEREAS, the City of Canton, Illinois desires to implement tax increment financing pursuant to the Real Property Tax Increment Allocation Redevelopment Act, P.A. 79-1525, appearing as Sections 11-74.4-1 et seq., of Chapter 24, S.H.A. (hereinafter referred to as the "Act") for the proposed Redevelopment Plan and Redevelopment Project within the municipal boundaries of the City of Canton and within the Redevelopment Project Area described in Section 1 (a) of this ordinance, which area constitutes in the aggregate more than 1-1/2 acres. WHEREAS, pursuant to Section 11-74.4-5 of the Act, the City Council caused a public hearing to be held relative to the Redevelopment Plan and Redevelopment Project and a designation of a Redevelopment Project Area on December 7, 1977 at the Council Chambers, City Hall, City of Canton. WHEREAS, due notice in respect to such hearing was given pursuant to Section 11-74.4-5 and 6 of the Act, said notice being given to taxing districts by certified mail on October 21, 1977, by publication on November 21, 1977, and November 28, 1977, and by certified mail to taxpayers on November 22, 1977. WHEREAS, the Redevelopment Plan and Project set forth the factors constituting blight in the proposed redevelopment area, and the City Council has reviewed testimony concerning blight presented at the public hearing and has reviewed other studies and is generally informed of the conditions of blight in the proposed Redevelopment Project Area as said term "blight" is used in the Act. WHEREAS, the City Council has reviewed the conditions pertaining to lack of private investment in the proposed Redevelopment Project Area to determine whether private development would take place in the proposed Re- development Project Area as a whole without the adoption of the proposed, Redevelopment Plan. WHEREAS, the City Council has reviewed the conditions pertaining to real property in the proposed Redevelopment Project Area to determine whether - 1 - ~~, ~ - , ,~ , -, . z t ~ .. ., ~. contiguous parcels of real property and improvements thereon in the proposed Redevelopment Project Area would be substantially benefited by the proposed redevelopment project improvements. WHEREAS, the City Council has reviewed its proposed Redevelopment Plan and Project and Comprehensive Plan for development of the municipali- ty as a whole to determine whether the proposed Redevelopment Plan and Project conform to the Comprehensive Plan of the City; NOW, THEREFORE, IT IS HEREBY ORDAINED, BY THE CITY COUNCIL OF THE CITY OF CANTON, ILLINOIS, THAT: 1. The City Council of Canton hereby makes the following findings: a. The area constituting the proposed Redevelopment Project Area in the City of Canton, Illinois is described as follows: Commencing at the point of intersection of the southerly right-of-way line of East Locust Street and the easterly right-of-way line of North Second Avenue; Thence in a southerly direction along said easterly right- of-way line and extension thereof to its intersection with the southerly right-of-way line of East Pine Street; Thence in a westerly direction along said southerly right- of-way line and extension thereof to its intersection with the easterly right-of-way line of South White Court; Thence in a southerly direction along said easterly right- of-way line and extensions thereof to its intersection with the southerly right-of-way line of East Walnut Street; Thence in a westerly direction along the southerly right-of- way line of East and West Walnut Street and extensions thereof to a point 181.5 feet, more or less, west of the westerly right-of-way line of South Main Street; Thence in a northerly direction along a line parallel to and 181.5 feet, more or less, west of the westerly right-of-way line of South Main Street to its intersection with the southerly right-of-way line of West Pine Street; Thence in a westerly direction along said southerly right- of-way line to its intersection with the extended westerly right-of-way line of South Avenue "A"; Thence in a northerly direction along said westerly right- of-way line and extensions thereof to its intersection with the southerly right-of-way line of West Locust Street; Thence in a easterly direction along the southerly right-of- way line of West and East Locust Street and extensions thereof to its intersection with the easterly right-of-way line of North Second Avenue, the Point of beginning. - 2 - ,' I ,, _~ ~ . . ~ , Excepting therefrom those areas bounded by the southerly right-of-way line of West Locust Street, the westerly right- of-way line of North Market Court, the northerly right-of- way line of West Chestnut Street, the easterly right-of-way line of North Avenue "A"; and the southerly right-of-way line of East Elm Street, the westerly right-of-way line of South Second Avenue, the northerly right-of-way line of East Pine Street, the easterly right-of-way line of South Van Buren Court. In terms of a Project Area Description based on land platted to date, the following would properly reflect the area: Original Town - Swans First Recorded Addition: Parcels 94 through 99 and 106, 107, 108 Swans Second Addition: Parcels 109, 110, 111, 120, 124 and 125 Nathan Jones First Addition: Parcels 1 through 11 and 14 through 30 Nathan Jones Second Addition: Parcels 35 through 60 Nathan Jones Third Addition: Parcels 1 through 5 and 7 through 10 Plus all Public Rights-of-Way including streets, alleys and that area commonly known as Jones Park lying between the easterly right-of-way line of North and South Second Avenue and the westerly right-of-way line of North and South Avenue "A"; the southerly right-of-way line of East and West Locust Street and the southerly right-of-way line of East and West Pine Street; and the entire right-of-way of South Main Street and South White Court between East and West Pine Street and East and West Walnut Street; and the entire right-of-way of East and West Walnut Street between a point 181.5 feet, more or less, west of the westerly right-of-way line of South Main Street and the easterly right-of-way line of South White Court. b. There exist conditions which cause the area proposed to be designated as a Redevelopment Project Area to be classified as a "Blighted Area" as defined in Section 11-74.4-3 (a) 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 Redevelopment Project conform to the Comprehensive Plan for the development of the municipality as a whole. e. The parcels of real property in the proposed Redevelopment Project Area are contiguous and only those contiguous parcels of - 3 - ~ ~, ~. ~ . , • ~ ~ I ` real property and improvements thereon which will be substantially benefited. by the proposed redevelopment project improvement are in- cluded in the proposed Redevelopment Project Area. f. Since the presentation of the proposed Redevelopment Plan and Redevelopment Project at the aforesaid public hearing, changes have been made in the Redevelopment Plan and Project and notice of said changes has been published pursuant to the requirements of the Act. Said changes do not alter the exterior boundaries of the proposed Re- development Project Area, do not substantially affect the general land uses established in the Redevelopment Plan and do not substantially change the nature of the Redevelopment Project. g. The estimated date for final completion of the Redevelopment Project is December 1, 2000. h. The estimated date for retirement of obligations incurred to finance Redevelopment Project costs is not later than December 1, 2000. 2. The Redevelopment Plan and Redevelopment Project which were the subject matter of the hearing held December 7, 1977, as has been amended, is hereby adopted and approved. A copy of the Redevelopment Plan and Redevelopment Project marked Exhibit A is attached to and made a part of this ordinance. 3. This ordinance shall be in full force and effect upon its passage by the City Council of the City of Canton, Illinois and approval by the Mayor thereof. PASSED by the City Council of the City of Canton, Illinois and APPROVED by the Mayor thereof thisc~`r r y day of December, 1977. APPROVED : ` ~~ "\,_.MAYOR HARLAN E. CROUCH ATTEST: ~~ ~.~JJ-,/~~.~ CITY CLERK ~" 1 NANCY WHITES - 4 -