HomeMy WebLinkAboutOrdinance #1805~ ~ ~ A .
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ORDINANCE NO. 1805
AN ORDINANCE DESIGNATING THE INTERNATIONAL HARVESTER SITE
REDEVELOPMENT PROJECT AREA
WHEREAS, it is desirable and for the best interests of the citizens of the City of Canton,
Fulton County, Illinois (the "Municipality"), for the Municipality 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 "TIF Aet"}, for a proposed
redevelopment plan and redevelopment project (the "Plan" and "Project") within the boundaries
of the Municipality and within a proposed redevelopment project azea (the "Area"} described in
Section 1 of this ordinance; and
WHEREAS, the Council of the Municipality (the "Corporate Authorities") has
heretofore by ordinance adopted and 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 the 8th day of June, 2004, and it is now necessary and
desirable to designate the Area as a redevelopment project area pursuant to the TIF Act;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF CANTON, FULTON COUNTY, ILLINOIS, AS FOLLOWS:
Section 1. Area Designated. The Area, as 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 TIF Act. The street location (as neaz as
practicable} 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. 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. Determination of Total Initial Equalized Assessed Valuation; Parcel
Identification Numbers Identified. It is hereby expressly found and determined that the year
the County Clerk of The County of Fulton, Illinois (the "County Clerk") shall use for
determining the total initial equalized assessed valuation of the Area is 2003. It is further hereby
expressly found and determined that the list of the pazcel or tax identification numbers for each
parcel of property included in the Area which is not utilized for public right of way and not a part
of any navigable or non-navigable waterway is attached hereto as Exhibit D and included herein
by this reference is a true, correct and complete list of said tax identification numbers for said
parcels of property.
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Section 4. Superseder and Effective Date. All ordinances, resolutions, motions or
orders in conflict herewith 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.
Section 5. Transmittal to County Clerk. The Municipal Clerk is hereby expressly
directed to transmit forthwith to the County Clerk a certified copy of this ordinance, which is
hereby expressly found to include a legal description of the Area, a map of the Area,
identification of the year that the County Clerk shall use for determining the total initial
equalized assessed value of the Area and a list of the parcel of tax identification number of each
parcel of property included in the Area.
PASSED BY THE CITY COUNCIL OF THE CITY OF CANTON, FULTON
COUNTY, ILLINOIS, IN REGULAR AND PUBLIC SESSION TINS 6th DAY OF
JAY , 2004.
APPROVED:
Jerry M. Bohler, Mayor
ATTEST:
Haney Whit s, City Clerk
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Exhibit A -Legal Description
ExHIBTT B -STREET LOCATION
The Rrea contains approximately 148 acres. The street location o€ the Brea is:
ExaiBIT C -Mar
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EXHIBIT D
LIST OF PARCEL IDENTIFICATION NUMBERS