HomeMy WebLinkAboutOrdinance #1807~;
ORDINANCE NO. l.~
AN ORDINANCE ADOPTING TAX INCREMENT FINANCING FOR
THE CITY OF CANTON, FULTON COUNTY, ILLINOIS,
IN CONNECTION WITH THE DESIGNATION OF 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 adopt 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 Act"); and
WHEREAS, the Council of the Municipality (the "Corporate Authorities") has
heretofore approved a redevelopment plan and project (the "Plan" and "Project"} as required by
the TIF Act by passage of an ordinance and has heretofore designated the International Harvester
Site Redevelopment Project Area (the "Area"} as required by the TIF Act by the passage of an
ordinance, and the Municipality has otherwise complied with all other conditions precedent
required by the TIF Aet;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY OUNCIL OF THE
CITY OF CANTON, FULTON COUNTY, ILLINOIS, AS FOLLOWS
Section 1. Tax Increment Financing Adopted. Tax increment allocation financing is
hereby ado o pay redevelopment project costs as defined in the TIF et and as set forth in
the Plan and Project within the Area as described in Exhibit A attached hereto and incorporated
herein as if set out in full by this reference. 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. Allocation of Ad Valorem Taxes. Pursuant to the TIF Act, the ad valorem
taxes, if any, arising from the levies upon taxable real property in the Area by taxing districts and
tax rates determined in the manner provided in Section 11-74.4-9(c) of the TIF Act each yeaz
after the effective date of this ordinance until the Project costs and obligations issued in respect
thereto have been paid shall be divided as follows:
(a) That portion of taxes levied upon each taxable lot, block, tract or pazcel of
real property which is attributable to the lower of the current equalized assessed value or
the initial equalized assessed value of each such taxable lot, block, tract or parcel of real
property in the Area shall be allocated to and when collected shall be paid by the county
collector to the respective affected taxing districts in the manner required by law in the
absence of the adoption of tax increment allocation financing.
(b) That portion, if any, of such taxes which is attributable to the increase in the
current equalized assessed valuation of each lot, block, tract or parcel of real property in
the Area over and above the initial equalized assessed value of each property in the Area
shall be allocated to and when collected shall be paid to the municipal treasurer or to his
designee pursuant to the Property Tax Code of the State of Illinois found at 35 ILCS
204f 1 et. seq., as amended, who shall deposit said taxes into a special fond, hereby
created, and designated the "2004 City of Canton International Harvester Site
Redevelopment Project Area Special Tax Allocation Fund" of the Municipality, and such
taxes shall be used for the purpose of paying Project costs and obligations incurred in the
payment thereof
Section 3. Invalidity of Any Section. If any section, pazagraph or provision of this
ordinance shall be held to be invalid or unenforceable for any reason, the invalidity or
unenforceability of such section, pazagraph or provision shall not affect any of the remaining
provisions of this ordinance.
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 of The County of Fulton, Illinois, a certified
copy of this ordinance.
PASSED BY THE CITY COUNCIL OF THE CITY OF CANTON, FULTON
COUNTY, ILLINOIS, IN REGULAR AND PUBLIC SESSION THIS 6th DAY OF
JAY , 2004.
APPROVED:
ATTEST:
Nancy 'tes, y Clerk
erry M. Bohler, yor
NOTICE OF PUBLIC HEARING
CITY OF CANTON, FULTON COUNTY, ILLINOIS
PROPOSED INTERNATIONAL HARVESTER
SITE REDEVELOPMENT PROJECT AREA
Notice is hereby given that on June 8, 2004, at 5:30 P.M. at the Historic Depot, 50
N. 4`h, Canton, Illinois, the City Council of the City of Canton (the "City") will conduct a
public hearing to consider the approval of the proposed redevelopment plan and proposed
redevelopment project (the "Redevelopment Plan and Project") and the designation of
that certain proposed redevelopment project azea to be know as the International
Harvester Site Redevelopment Project Area (collectively the "Redevelopment Project
Area"). The proposed Redevelopment Project Area consists of the territory legally
described at "Exhibit A" attached hereto and incorporated herein by reference.
The proposed Redevelopment Project Area contains approximately 148 acres.
The approximate street location of the proposed Redevelopment Project Area is that
portions of the City of Canton, Fulton County, Illinois bounded as follows:
Avenue A from West Locust to West Pine; West Pine from Avenue A to White Court;
White Court from Pine to Walnut; Walnut and White Court to Alley between 1~` and 2nd
;Alley between 1 S` and 2"a to Railroad Street.; Railroad Street from Alley between 1 ~` and
2"a to Avenue B. ;Avenue B North of tracks to South of Tracks.; Railroad Street South of
Tracks and East to 3'a. ;3`a from Railroad to Oak. ;Oak and 3'a to 4a'.;4a' and Oak to`
Cherry. ;Cherry from 4`~ to alley between 4a' and 5~'. ;Alley between 4"' and 5~' South
to Linn. ;Linn and Alley between 4`~ and 5"' to alley Sa' and 6a'. ;Alley between 5`h and
6`h to Linn and North to Walnut. ; 5th Avenue from Walnut to Chestnut. ;Chestnut from
5`h to 4`~. ; 4th and Chestnut to Elm. ;Elm and 4`~ to 3`a. ; 3rd and Elm to Chestnut ;2"a
and Chestnut to Locust; Locust and 2"a to Main; Main and Locust to Spruce; Spruce and
Main to Avenue A; Avenue A and Spruce to Locust.
There will be considered at the hearing approval of the proposed Redevelopment
Plan and Project for and the designation of the proposed Redevelopment Project Area and
adoption of tax increment allocation financing therefor. The proposed Redevelopment
Plan and Project is on file and available for public inspection at the office of the City
Clerk at 2 N. Main Street, Canton, Illinois. Pursuant to the proposed Redevelopment
Plan and Project the City proposes to facilitate redevelopment of the proposed
Redevelopment Project Area and to enhance the tax base of the City and the taxing
districts having taxable property within the proposed Redevelopment Project Area by
utilizing tax increment financing to fund various eligible project costs to stimulate private
investment within the proposed Redevelopment Project Area. These eligible project
costs may include, but shall not be limited to, studies, surveys, professional fees, property
assembly costs, construction of public improvements and facilities, building and fixture
rehabilitation, reconstruction, renovation and repair, financing costs and interest costs, all
as authorized. under the Tax Increment Allocation Redevelopment Act, as amended. The
Maurer-Stutz, Inc.
Project No. 234-03045D
June 29, 2004
Corrected February 25, 2005
CITY OF CANTON
TIF BOUNDARY DESCRIPTION
A part of the Original Town of Canton, also known as Swan's First Record, a part of Swan's Second
Addition, a part of Nathan Jones' First Addition, a part of Nathan Jones' Second Addition, a part of
Nathan Jones' Third Addition, all of Parlin and Orendorff Company's First Subdivision, all of Parlin and
Orendorff Company's Second Subdivision, a part of Barnes and Jones Addition, a part of Anderson's
First Addition, a part of W. Babcock's Addition, a part of H. A. Whitnah's Addition, a part of Marshall
and Fisher First Addition, a part of Carl Marshall's Addition, a part of Fisher's Addition, a part of A. J.
Whitnah's Addition, a part of Wright's Addition, a part of the Southwest Quarter of Section 26, a part of
the Southeast Quarter of Section 27, a part of the Northeast Quarter of Section 34, and a part of the
West Half of Section 35 all in Township 7 North, Range 4 East of the Fourth Principal Meridian, Fulton
County, Illinois, more particularly described as follows:
Beginning at the northwest corner of Lot 75 in Swans 1 ~ Record, also known as the Original Town of
Canton; thence east along the north line of said Lot 75 and beyond, a distance of 264 feet more or
less to the northwest corner of Lot 74 in said Swans 1~ Record; thence south along the west line of
Lots 74, 83, and 86 in said Swan's 1~ Record, a distance of 303 feet more or less to a right-of-way
corner that is 41.25 feet east of the centerline of North Main Street at Station 3+34.00 as shown on
State of Illinois Highway Right-of-Way Plat dated August 1968 and filed in the Fulton County Circuit
Clerk Court office on March 14, 1972 as Judgement Order #70-H-347; thence southeasterly and
easterly along said right-of-way line and the north line of East Locust Street, a distance of 882 feet
more or less to the east line of North Second Avenue; thence south along said east line a distance of
783 feet more or less to the south line of the north 16 feet of Lot 6 in Barnes and Jones' Addition;
thence east along said south line, a distance of 181 feet more or less to the west line of Lot 10 in said
Barnes and Jones Addition; thence south along said west line, a distance of 133.5 feet more or less to
the southwest corner of said Lot 10; thence east along the north line of East Elm Street, a distance of
627 feet more or less to the west right-of-way line of the Burlington Northern & Santa Fe Railroad;
thence north along said right-of-way line a distance of 489.25 feet more or less to the north line of East
Chestnut Street; thence east along said north line, a distance of 542 feet more or less to the projection
of the west line of Allen L. and Dorothy K. Johnson's property as described in Document #92-45597
recorded in Volume 1170, Page 225 of the Fulton County Recorder's Office; thence south along said
projection and west line, a distance of 191 feet more or less to the south line of said property and
being 104 feet north of the north line of Lot 66 in Barnes and Jones' Addition; thence east along said
south line, a distance of 72.67 feet more or less to the projection of the east line of said Lot 66; thence
south along said projection, a distance of 170 feet more or less to the southeast corner of said Lot 66;
thence west, a distance of 781/3 feet more or less to the northeast corner of Lot 71 in said Barnes
and Jones' Addition; thence south along the east line of Lots 71 and 72 in said Barnes and Jones'
Addition, a distance of 324.25 feet more or less to th'e southeast corner of said Lot 72 in said Barnes
and Jones' Addition; thence east along the north line of Lot 77 in said Barnes and Jones' Addition, a
distance of 781/3 feet more or less to the northeast corner of said Lot 77; thence south, a distance of
66 feet more or less to the southeast corner of said Lot 77; thence west along the south line of said
Lot 77, a distance of 78 1/3 feet more or less to the northeast corner of Lot 78 in said Barnes and
Jones' Addition; thence south along the east line of Lots 78 and 85, a distance of 330 feet more or
less to the southeast corner of Lot 85 in said Barnes and Jones' Addition; thence east, a distance of
781/3 feet more or less to the northeast corner of Lot 86 in said Barnes and Jones' Addition; thence
south along the east line of Lots 86 and 89, a distance of 132 feet more or less to the southeast corner
of said Lot 89 in said Barnes and Jones' Addition; thence west along the south line of said Lot 89, a
distance of 78 1/3 feet more or less to the northwest corner of Lot 91 in said Barnes and Jones'
Addition; thence south along the west line of said Lot 91, a distance of 100 feet more or less; thence
east to a point that is 100 feet south and 47.5 feet west of the northeast corner of said Lot 91; thence
south, a distance of 98 feet more or less to the south line of East Walnut Street; thence west along
said south line, a distance of 23 feet more or less to the west line of Sherman Kinsel's property as
described in Document #94-62937 recorded in Book 1300, Page 288 of the Fulton County Recorder's
Page 1 of 2
proposed Redevelopment Plan proposes to provide assistance by paying or reimbursing
costs including, but not limited to those related to site assembly, analysis, professional
services and administrative activities, public improvements and facilities, rehabilitation,
reconstruction, repair or remodeling of existing public or private buildings and fixtures,
the execution of one or more redevelopment agreements, and the payment of financing
and interest costs.
There is hereby convened a joint review board to consider the proposed
Redevelopment Plan and Project for and the designation of the proposed Redevelopment
Project Area and the adoption of tax increment allocation financing therefore. The joint
review board shall consist of a representative selected by each community college
district, each local community unit school district, park district, library district, township,
fire protection district, and county that will have authority to directly levy taxes on the
property within the proposed Redevelopment Project Area at the tine the proposed
Redevelopment Plan is approved, a representative selected by the City, and a public
member. The first meeting of said joint review board shall be held at 3:00 P.M. on the
1 lth day of May, 2004, at the Historic Depot, 50 N. 4th, Canton, IL 61520.
At the hearing, all interested persons or affected taxing districts may file written
objections with the City Clerk and may be heard orally with respect to any issues
regarding the approval of the proposed Redevelopment Plan and Project for and the
designation of the proposed Redevelopment Project Area and the adoption of tax
increment allocation financing therefore.
The hearing may be adjourned by the City Council of the City without further'
notice other than a motion to be entered upon the minutes of the hearing fixing the time
and place of the subsequent hearing.
City Clerk
City of Canton
Fulton County, Illinois
Maurer-Stutz, Inc.
Project No. 234-03045D
June 29, 2004
Corrected February 25, 2005
CITY OF CANTON
TIF BOUNDARY DESCRIPTION
Office; thence south along said west line, a distance of 93.6 feet more or less to the north line of Lot 3
in Block 6 in Anderson's First Addition; thence east along said north line, a distance of 46 feet more or
less to the northeast corner of said Lot 3; thence south along the east line of Lots 3 through 6 in Block
6, Lots 1 through 6 in Block 5, a distance of 600 feet more or less to the south line of Anderson Place;
thence west along said south line, a distance of 66 feet more or less to the east line of the west half of
Lot 1 in Block 4 in Anderson's First Addition; thence south along said east line 46.8 feet more or less
to the north line of Lot 2 in Block 4 in said Anderson's First Addition; thence east along said north line
of said Lot 2, a distance of 66 feet more or less to the northeast corner of said Lot 2; thence south
along the east line of Lots 2 through 4 in Block 4 in said Anderson's First Addition, a distance of 140
feet more or less to the northeast corner of Lot 5 in Block 4 in said Anderson's First Addition; thence
west along the north line of said Lot 5, a distance of 52 feet more or less; thence south, a distance of
67 feet more or less to a point on the north line of Grant Place being 52 feet more or less west of the
southeast corner of Lot 6 in Block 4 in said Anderson's First Addition; thence east along said north
line, a distance of 52 feet more or less to the southeast corner of said Lot 6; thence south along the
east line of Lots 1 through 6 in H. A. Whitnah's Addition, a distance of 365 feet more or less to the
north line of East Oak Street; thence southerly, a distance of 50 feet more or less to the northeast
corner of Lot 17 in Marshall and Fisher First Addition; thence south along the east line of Lots 17
through 24 in said Marshall and Fisher First Addition, Lots 15 through 21 in Carl Marshall Addition,
Lots 17 through 24 in Fisher's Addition and beyond, a distance of 1285 feet more or less to the south
line of Linn Street; thence west along said south line of Linn Street, a distance of 357 feet more or less
to the projection of the west line of Lots 9 through 16 in Fisher's Addition; thence north along said
projection, said west line and beyond, a distance of 452.65 feet more or less to the projection of the
south line of the north 39.35 feet of East Cherry Street; thence west along said projection line and said
south line, a distance of 178 feet more or less to the east right-of-way line of the Burlington Northern &
Santa Fe Railroad; thence north along said right-of-way line, a distance of 874 feet more or less to the
north line of East Oak Street; thence west along said north line, a distance of 460 feet more or less to
the southeast corner of Lot 236 in Wright's Addition; thence north along the east line of Lots 236, 231,
210, 205, 187, 182, 166, and 161 all being in Wright's Addition, a distance of 400 feet more or less to
the northeast corner of said Lot 161 and the south right-of-way line of Railamerica Railway;
thence west along said right-of-way line to the east line of South Avenue "B"; thence north along said
east line to the north right-of-way line of said Railamerica Railway; thence easterly along said north
right-of-way line to the southwest corner of Lot 141 in Wright's Addition; thence north along the west
line of Lots 141, 132, 118, 109, 96, 87, 74, 65, 53, 44, 37, 28, 21, 12, and 5 all being in Wright's
Addition, a distance of 856 feet more or less to the north curb line of East Walnut Street; thence west
along said north curb line, a distance of 446 feet more or less to the east curb line of White Court;
thence north along said east curb line, a distance of'477 feet more or less to the north line of East
Pine Street; thence west along said north line, a distance of 660 feet more or less to the east curb line
of South Avenue "A"; thence north along said east curb line, a distance of 1311 feet more or less to
the north line of West Locust Street; thence east along said north line, a distance of 116 feet more or
less to the west line of Bernard C. and Gilda A. Erke's property as described in Document #84-7849
recorded in Book 957, Page 356 of the Fulton County Recorder's Office; thence north along said west
line of said property a distance of a distance of 172.39 feet to the north line of said property; thence
east along said north line of said property, a distance of 79.89 feet to the northeast corner of said
property and the east line of Lot 81 in said Swans 1 ~ Record; thence north along the east line of Lots
81 and 76 in said Swans 1~ Record, distance of 201 feet more or less to the Point of Beginning.
Page 2 of 2
EXHIBIT A -LEGAL DESCRIPTION
EX~'I~ A
Avenue A from West Locust to West Pine.
West Pine from Avenue A to White Court.
White Court from Pine to Walnut.
Walnut and White Court to Alley between 1 ~` and 2na
Alley between 1 ~ and 2"a to Railroad Street.
Railroad Street from Alley between 1 ~` and 2"a to Avenue B.
Avenue B North of tracks to South of Tracks.
Railroad Street South of Tracks and East to 3`a
3`a from Railroad to Oak.
Oak and 3`a to 4a'.
4`n and Oak to Cherry.
Cherry from 4`n to alley between 4`n and 5`n.
Alley between 4'n and 5"' South to Linn.
Linn and Alley between 4`n and 5`n to alley Sa' and 6-n
Alley between 5'n and 6`n to Linn and North to Walnut.
5"' Avenue from Walnut to Chestnut.
Chestnut from 5`n to 4`n.
4`n and Chestnut to Elm.
Elm and 4~` to 3'a.
3`a and Elm to Chestnut
2"a and Chestnut to Locust
Locust and 2"a to Main
Main and Locust to Spruce
Spruce and Main to Avenue A
Avenue A and Spruce to Locust.
EXHIBIT B -STREET LOCATION
The Afea CE?ntains appfoxjCpBte}y 14s aCf@s. The Stfeet It3catiOn Qf the Rfea ts:
EXHIBIT C -MAP