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HomeMy WebLinkAboutOrdinance #2071 - providing for and approving the second amendment to the Canton 1-downtown/5th avenue TIF district redevelopment project area, plan & projects CERTIFICATE ° STATE OF ILLINOIS, ) CITY OF CANTON, ) SS. COUNTY OF FULTON.) I, Diana Pavley, City Clerk of the City of Canton, in the County of Fulton and State of Illinois, do hereby certify that as the City Clerk of the City of Canton, I am the keeper of records, minutes, ordinances, and other books, record and papers of said City, and that the foregoing is a true and correct copy of: ORDINANCE NO. 2071 AN ORDINANCE PROVIDING FOR AND APPROVING THE SECOND AMENDMENT TO THE CANTON 1-DOWNTOWN/STH , AVENUE TIF DISTRICT REDEVELOPMENT PROJECT AREA, PLAN & PROJECTS Adopted by the City Council of said City and approved by the Mayor thereof on the 6 day of February 2012. WITNESS my hand and the Corporate Seal of the City of Canton, Illinois this 6th day of Februarv 2012 ~ avley, ity Clerk (SEAL) , ORDINANCE NO. D `7 I CITY OF CANTON, ILLINOIS AN ORDINANCE PROVIDING FOR AND APPROVING THE SECOND AMENDMENT TO THE CANTON 1- DOWNTOWN/5THAVENUE TIF DISTRICT REDEVELOPMENT PROJECT AREA, PLAN & PROJECTS ADOPTED BY THE MAYOR AND CITY COUNCIL OF THE CITY OF CANTON, FULTON COUNTY, ILLINOIS, ON THE 6TH DAY OF FEBRUARY, 2012. ORDINANCE NO. ~ ~ AN ORDINANCE PROVIDING FOR AND APPROVING THE SECOND AMENDMENT TO THE CANTON 1- DOWNTOWN/5TH AVENUE TIF DISTRICT REDEVELOPMENT PROJECT AREA, PI.AN AND PROJECTS WHEREAS, the City of Canton, Fulton County, Illinois ("City") by its duly elected Mayor and City Council hereto approved a Redevelopment Plan and Proj ects; designated a Redevelopment Proj ect Area (as shown in Exhibit A and legally described in Exhibit B); and adopted Tax Increment Financing pursuant to Illinois Revised Statutes Chapter 24, Division 11-74.4-1 et. .req. (now 65 ILCS 5/11-74.4-1) known as the "Canton International Harvester (IH) Site Project Area Tax Increment Financing District" on the 6~' day of July, A.D., 2004; and WHEREAS, the City by its duly elected Mayor and City Council and pursuant to the Tax Increment Allocation Redevelopment Act, 65 ILCS 5/11-74.4 et. .req., (the "Act"), approved the First Amendment to the Canton International Harvester (IH) Site Project Area Tax Increment Financing District by Ordinance No. 2052 on the 22°d day of November, A.D., 2011 thereby adding public and private TIF eligible project costs and renaming the TIF District as the "Catttot~ 1- Doumtot~m/5`h Avenue TIFDistrict'; and WHEREAS, the City desires to amend the Redevelopment Project Area, Plan and Projects ("Second Amendment") foY the Canton 1- Downtown/5`h Avenue TIF District puYSUant to the Act, by reducing the size of the Redevelopment Project Area; and WHEREAS, the City does not wish to add any new additional projects or costs to the Redevelopment Plan and Projects at this time; and WHEREAS, the Redevelopment Project Area is hereby amended to remove land as described in Exhibit C(Parcel.r Removed from Canton 1- Dolvnto~vn/Sth Avenue TIF Di.rtrict ) from the Canton 1- Downtown/5`~ Avenue TIF District, thereby reducing the size of the Redevelopment Project Area (as shown in Exhibit D and legally described in Exhibit E); and WHEREAS, the proposed Second Amendment does not affect the generalland uses established pursuant to the Redevelopment Plan; substanrially change the nature of the Redevelopment Projects; increase the total estimated Redevelopment Project Costs set out in the Redevelopment Plan; add additional Redevelopment Project Costs to the itemized list of redevelopment project costs set out in the Redevelopment Plan; or involve the displacement of any households or inhabited residenrial units in the Redevelopment Project Area; and WHEREAS, the proposed Second Amendment is consistent with the Plan and Projects as previously Amended and has been reviewed by the Mayor and the City Council is generally informed of this Second Amendment. Page 1 NOW, THEREFORE, BE IT ORDAINED BY THE MAYOR AND CITY COUNCIL OF THE CITY OF CANTON, FULTON COUNTY, ILLINOIS: 1. T'he recitals set forth in the preamble to this Ordinance are hereby incorporated by refeYence as if fully set forth herein. 2. The original Canton 1- Downtown/5`~ Avenue TIF District Redevelopment Project Area as shown on the Boundary Map (Exhibit A) and legally described in Exhibit B is hereby amended to remove land as described in Exhibit C, thereby reducing the size of the Canton 1- Downtown/5`~' Avenue TIF District Redevelopment Project Area. 3. The Canton 1- Downtown/5`'' Avenue TIF District Redevelopment Project Area, as Amended by this Second Amendment, is shown on the Amended Boundary Map (Exhibit D) and legally described in Exhibit E(Amended Legal De.rcription). 4. The Canton 1- Downtown/5`~ Avenue TIF District Redevelopment Plan, Projects and Area as Amended shall be completed no later than December 31 S` of the year in which the payment to County Treasurer is to be made with respect to ad valorem taxes levied in the twenty-third (23`d) calendar year after the year in which the Ordinance approving the Canton 1- Downtown/5`'' Avenue TIF District Redevelopment Plan, Projects and Area was originally adopted. 5. This Ordinance shall be in full force and effect from and after its passage and approval as provided by law and shall take effect upon its passage as required by law. 6. All ordinances and parts of ordinances in conflict herewith are repealed. PASSED, APPROVED AND ADOPTED by the Mayor and Ciry Council of the City of Canton, Fulton County, Illinois, on the 6`~ day of February, A.D., 2012, and deposited and filed in the Office of the City Clerk of said City on that date. MAYOR & ALDERMEN AYE VOTE NAY VOTE ABSTAIN / ABSENT Ald. David Pickel Ald. James Hartfoxd t` Ald. Jeffrey Fritz X Ald. Craig West X Ald. Gerald Ellis Ald. Justin Nelson Ald. Eric Schenck Ald. Jeremy Pasley ~ Hon. Kevin Meade, Mayor TOTAL VOTES ~ Page 2 APPROVED: Date: ~.~'1`" Mayor ATTEST: Date:~=~ ~ ~ City Cl EXHIBITS: Exhibit A(Attached): Original Canton 1- Downtown/5t'' Avenue TIF District Boundary Map. Exhibit B(Attached): Original Canton 1- Downtown/5`~ Avenue TIF District Lega1 Description. Exhibit C(Attached): Parcels Removed from the Canton 1- Downtown/5~' Avenue TIF District by Second Amendment. Exhibit D(Attached): Canton 1- Downtown/5`~ Avenue TIF District Boundary Map as Amended by Second Amendment. Exhibit E(Attached): Canton 1- Downtown/5`'' Avenue TIF District Legal Description as Amended by Second Amendment. Canton TIF 1 Downtown_Second 1~mendment Ord_FIN1~I._020612.wpd Page 3 EXHIBIT A ORIGINAL CANTON 1- DOWNTOWN/5TH AVENUE TIF DISTRICT (Formerly kno2vn a.r Canton International Harve.rter (IH) Site ProjectArea) BOUNDARY MAP [Thi.r .rpace is intentionally blank. Original boundary map i.c attached.J Page 4 ~y _ 4 ql4s ~ I ~»ns .n~a!N I ' y ~liM II r~~ , . , . , ~ a~Ml'wa'yWY ~~t 1 ~ ~Y _ _i 9 Z ~ 04 ~ - ~ r~e y ~ ' at~ ~ ~ k~ ~ ~ ~~1! ~H~~~~I~R~3~l~~~ 4'~~P~P!lI~e11~!"~f'rit'~I~t dl'~~ EXHIBIT B ORIGINAL CANTON 1- DOWNTOWN/5TH AVENUE TIF DISTRICT (Formerly kno2vn a.r Canton International Harr~e.rter (IH) Site PmjectArea) LEGAL DESCRIPTION ~l'hi.r .rpace i.r intentionally blank. Original legal de.rcription i.r attached.J Page 5 I Redevelopment Project and Plan & Eligibility Repon for the Intemational Harvester Site Project Area ~ Maurer-Stutz, Inc. Project No. 234-03045D ~ june 29, 2004 ~ CITY OF CANTON TIF BOUNDARY DESCRIPTION L A part of the Original Town of Canton, also known as Swan's First Record, a pazt of Swan's Second ~ Addition, a part of Nathan Jones' First Addition, ~ part of Natharr Jones' Semnd Addidon, a put of Nathan Jones' Third Addition, aIl of Padin and Orendorff Companq'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 Addibion, a part of H. A. Whimah's Addition, a ~ part of Mushsil~ and Fisher First Addition, a part of Carl Marshall's Addition, a part of F'~shec's Additiori, a part of A. J. 'Whitnah's Addition, a part of Wri~t's Addition, a part of the Southwest ~ Quarter of Section 26, a pazt of the Southeast Quarter of Section 27, a put of th~ Nartheast Quarter ( of Section 34, and a part of the West Half of Section 35 ull in Township 7 North, Range 4 East of the Fourth Priacipal Meridian, Fulton County, lllinois, mon patacularly described ~s follows: ~ $eginning at the narthwest comer of Lot 75 in Swans 1" Record, also known as the Orig~nal Town ~ of Canton; thence east along the north line of said Lot 75 and beyond, a distance of 264 fect more or less to the northcvest corna of Lot 74 in said Swaris 1" Record; thence south along the west line ( of Lots 74, 83, and 86 in said Swan's 1'` Record, a distance of 303 fcet more or less to a right-of-way corner that is 49 .2S feet east of the centerline of North Main Street at Station 3+34.0O as shown on ( Statc of Illinois Highway Right-of-Waq Plat dated August 1968 and filecl in the Fulton County Circuit Clerk Caurt office on March 14,1972 as Judgement Order #70-H-347; therxe southezsterIy and easterly along said right-of-way line and the north line of East Locust Stceet, a distance of 882 , fcet moxe or less to the cast line of North Second Avenue; thrnce south s~long said east line a. ~ distance of 783 feet more or less to the south line of the north 1 b feet of Lot 6 in Barnes arid]ones' Addition; thence east along said south line, a distznce of 181 feet more ar less to the west line of Lot ~ ~fl in said Bunes znd Jones Addidon; thence south along said west line, a distaace of ~33.5 feet more or l~ss to the southwest corner of said Lot 10; thencc cast alom;g the north line of East Elm ~ Stiteet, a distance oE 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 Chesmut Street, thence east aIong said north line, a distance of 542 feet ' more or less to the projection I of the wtst line of AlIen L. and Dorothy K. Johnson's prope.rty as described in L7ocument #92- 45597 recorded in Volume 1170, Pa,ge 225 of the Fulton County Recorder's pffice; thence south ~ along said projection and west line, a distaace of 191 feet more or less to the south line of said ptoperty and being 104 feet north of the north line of Lot 66 in Bames and Jones' Addiaon; thencz ` east atong said south line, a distance of 72.67 £eet more ar less ta the projection of the east line of said I.ut 66; thence south along said projection, a distance of 170 feet more or le.ss to the southwest ( corner of said Lot 66; thence west, a distance oE 781 /3 feet more or less to th~ nartbeast comer of Lot 71 in said Bames and Jones' Addition; tha~ce south along the east li,ne of Lots 71 and 72 in said ` Barnes and Jones' Addition, a distance of 324.25 feet more or less to the southeast cornet of said Lot 72 in said Bames and)ones' Addition; thence east along the north line of Lot 77 in said Bames ( and Jones' Addition, a distance of 78 1/3 fect more or less to the northeast cor~er of said L.at 77; thence south, a distartce of 66 feet more or less to the southeast corner of said Lot 77; thence west ~ ~ City of Cant~n, Illinois 1 (Appendix I) Prepared by: Mauret-Stutz, lnc. Redevelopment Project and Plan & Eligibility Report for the Intemational Harvester Site Project Area the west line of Lots 141,132,11$,109, 96, 87, 74, 65, 53, 44, 37, 28, 21, 12, and 5 all being in Wxight's Addition, a distance of 856 feet more or less to the north curb line of Fast W~lnut Stteet; thenco west along said north curb line, a destance of 446 feet more ot tess to the cast curb line of White Coutt; thence north along said east curb line, a distance of 477 fe~t more ar less to the notth linc of East Pir~e Street; thcnce west a~ong said north line, a distance of 660 feet more or less to the east curb Iine of South Avenue "A"; thencc north along said east curb lisre, ~ distance of 1311 feet more or lcss to the north line of West Locust Street; thence ~ast along said north line, a distance of 116 feet more or less to the west line of B~mard C. and Gilda A. Erke's property as described in Document #84-7849 recorded in Book 957, Page 35b of the Fulton County Recorder's Office; thence north along said west line of said property a distance of a distar~ce of 172.39 feet to the north line of said property; thence east along said north lin~ of ssud propertp, a distAnce af 79.89 feet to the northeast corner of said property and the east lin~ of Lot 81 in said Swans 1" Rccord; thence north along the east ~e of Lots 81 and 76 in said Swans 1" Record, distance of 241 feet more or less to the Point of Beginning. City of Carttv~i, rn~nur~ 3 (Appendix 1) Prep3red by; Maurer-Stutz, tnC. EXHIBIT C AREAS REMOVED FROM CANTON 1- DOWNTOWN/5TH AVENUE TIF DISTRICT BY SECOND AMENDMENT Part One A part of Section 27, 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 right-of-way line of East Chesmut 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 to a point being the intersection of the northerly right-of-way line of East Elm Street and the westerly right-of-way line of North Second Avenue; Thence easterly, crossing North Second Avenue and continuing, along the northerly right-of-way line of East Elm Street, 246 feet more or less; Thence northerly, 134 feet more or less; T'hence westerly 180 feet more or less to a point being in the easterly right-of-way line of North Second Avenue; Thence northerly along the easterly right-of-way line of North Second Avenue, crossing East Chesmut Street and East Locust Street, 776 feet more or less to a point being the intersection of the northerly right-of-way line of East Locust Street and the easterly right-of-way line of North Second Avenue; T'hence westerly along the northerly right-of-way line of East Locust Street, crossing North Second Avenue and North First Avenue, 816 feet more or less; Thence northwesterly along the northeasterly right-of-way line of the intersection of North Main Street and East Locust Street, 67 feet more or less; Thence northerly along the easterly right-of-way line of North Main Street, 297 feet more or less to a point being the intersection of the southerly right-of-way line of East Spruce Street and the easterly right-of-way line of North Main Street; Thence westerly, crossing North Main Street and thence along the southerly right-of-way line of West Spruce Street, 260 feet more ox less; Thence southerly, 201 feet more or less; Thence westerly, 115 feet more or less; 'I'hence southerly, 172 feet more or less to a point being in the northerly right-of-way line of West Locust Street; Thence westerly along the northerly right-of-way line of West Locust Street, 61 feet more ot less to a point being the intersection of the northerly right-of-way line of West Locust Street and the easterly right-of-way line of North Avenue A; Thence southerly across West Locust Street and thence continuing along the easterly right-of-way line of North Avenue A 204 feet more or less to a point where the easterly right-of-way line of North Avenue A intersects the southerly right-of-way line of the alley between West Locust Street and West Chestnut Street; Thence easterly, along the southerly right-of-way line of the alley between East Locust Street and East Chestnut Street, 165 feet to a point being in the westerly right-of-way line of Market Court; Thence northerly, along the westerly right-of-way line of Market Court, 78 feet more or less; Page 6 Thence northwesterly, along the westerly right-of-way line of Maxket Court, 25 feet more or less to a point being the intersecrion of the 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 188 feet more or less; T'hence 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 of Ma.in Street; Thence southerly, along the westexly right-of-way of Main Street 210 feet more or less; Thence easterly, crossing the right-of-way of Main Street and continuing 439 feet more or less to a point being on the westerly right-of-way line of North First Avenue ; Thence southerly, along the westerly right-of-way line of NoYth First Avenue, 189 feet more or less to a point being the intersection of the westerly right-of-way line of North First Avenue and the southerly right-of-way line of East Chestnut Street; Thence eastexly, crossing the right-of-way line of First Avenue and thence along the southerly right-of-way line of East Chestnut Street, 454 feet more or less to the point of beginning. Part Two A part of Secrions 26 & 27, Township 7 North, Range 4 East of the Fourth Principal Meridian, Fulton County, Illinois, further described as follows: Beginning at a point being the intersecrion of the southerly right-of-way line of East Chesmut Street and the westerly right-of-way line of North Fourth Avenue; T'hence easterly, across North Fourth Avenue and thence along the southerly right-of-way line of East Chestnut Street, 380 feet more or less to a point being the intersecrion of the southerly right-of-way line of East Chesmut Street and the westerly right-of-way line of North Fifth Avenue; Thence southerly, along the westerly right-of-way line of North Fifth Avenue, 129 feet more or less; Thence easterly, across North Fifth Avenue and thence along the southerly right-of-way line of the alley between East Chestnut Street and East Elm Street, 150 feet more or less; Thence northexly, crossing East Chestnut Street, 195 feet more or less to a point on the northerly right-of-way line of East Chestnut Street; Thence westerly, along the northerly right-of-way line of East Chesmut Street to a point being the intersection of the northerly right-of-way line of East Chestnut Street and the westerly right-of-way line of North Fourth Avenue; Thence southerly, across East Chestnut Street, 66 feet more or less to the point of beginning. LegQl De.rcrzption prepared on January 27, 2012 by: Mauer-StutZ StutZ Inc., 761 S N Harker Dr., Peoria, IL 6161 S [The remainder of thi.r page i.r blank.J [See attached map of area.r removed from TIF Di.rtrict by Second Amendment.J Page 7 January 26, 2 12 ( ; I ~ 3 ~ ~ ~ ; Legend z z Area to be Removed from Canton 1- ~ G' + Downtown/5th Ave. T'IF District a..--...7 w-s~,«sr ~ (SecondAmendment) I ~ E "Sp~uce St ; r_.--_•~~.~ Q ' t + 1 j i ~ 2 ' i i ~ Custerpl j i Q ~ 1 . ^ ~ , ~ .~~~•~•1 HowardPl a ~ N t_ 2 1 i ~ 1 ~ { ~ ~ 1,, I ; ~~~.r~ ,v~~~~w~u~~~~~ a . . ~ i.,~ ~ ^ . . , > , ' ~ > ..l f a. SR9 - E-LocustSt- ~ i i ~ ...~~.~..W _ ' ~ ! ~ 1 ~ _.___._~I ; ; ~ ~ ; : ~ ~ ~ 1 ~ ~"'~-un~m w ~ ~.r~.. ~ ~ ~ ~ ~ ~ ~ i : °~A z~+ i ~ i ; ° r.; ~t - -----w-chesmutsr . . ~ . CR17 ~ ~ ~ .E Chesfiut5t . 7 5 ' ! ~{.ti~ :r...a..wr..'w.+ii~ir:r`r:r.~.rrc.u..+.'. iw:~.~~ ~.r.'.':~i..syr:i ~'.i`i~ .t f-~-"°'E'Cheslnut5t r i F ' ~ ~I ~ r I ~ t ~ f ~~ID 4 a ~ , ~ i¦ .i~ rr.~3~~f I I k , ¦ I~ ' ' 7 Q [ ~ ~ ~ ; ' i ~ ~ i ~ z ~ ~ I J a y ( ~ c'y ~ ¢ 1 , ~ e ~ 1 Z , - ------"W'EImSt ; E"EImSt ~ ! I 1 I ~ ~ ~ ( ¢ ~ ~ V ~ u u ~ ~ ; a Parcels to be Removed from Canton 1- t ~ ~ ~ m N ~ b - MAUIIER-StU~i ~ Downtown/5th Ave. TIF District ' ~ ~ ~ z~ ~ N ~ ~ ~@~'~i~~ (Second Amendment) Feet N EXHIBIT D CANTON 1- DOWNTOWN/5TH AVENUE TIF DISTRICT BOUNDARY MAP AS AMENDED BY SECOND AMENDMENT ~1'hi.r .rpace i.r intentionally blank. Amended boundary map i.r attached.J Page B t ~ ; ~ A ~ s ` J~--. s 3 ~ s 7 ~ i ~ 17 ~~od : . 'N' ~ ~-.t-Wolllnp CY ~ ~ y I Ro6inson Ct N N y O N D l~adsad. F o ..."'SAVe[-3 NAveC save c-~ F E , ~ g i mwoodCemetel ~ ~ ~ N ~ - n ~ O ~ ^ ~ I I ~ ~ ~ ~ , o ~ --~~SA~ B--_L_... a _ SAveB NAveB ~ ~ ~ . ` MoRnhe ~ F - nwoadCemetaY--~ F ~ i 3 ~ ~ ~ ~ _ SAveA NA~2A ~ SAve A-...."~""'-~ n~~r«n~ .r. ~.~s ~r+-a .ee 5 ~ ~ f ~ `~.i ~ '.A ' S ~ ~ 1 x : ~ ~ 8 ~ MOrket tt . ~ 1 5 ~.~,t~ ~ x *.Y+ ' ! ^ : ~va,~ ~ a ~d~ ' , _ 5-Ma1n5t - ` s ~ ~r~+Yii! W~~-- k N'~MofnSt !a ~ ~»~n-v i~ 1 ~ ~ E~' de59uare ~ ~:"sv~~e~ ; i Whl~ ~r... ~~ti'#~ <,T'~. r 'r~~ai=f~'"~~, ~ a Z ~ ~ t 3 XA~ t~ .}~'i '~~y"~i ~ ° ~k "S. ~ ~ 3 i ~ ~ o ~ ~ .e-~~~ ~ ~~k.;.., firvr.~ ...A 5'~isfAve~ . . . - ~ r x t x ~ N~IstAVe 1~ ! 3 a 4 ~ i m m~ o F~ : z. ~ t,~ xl ~ a ~ . 'a" a 3 ~ ~ N ~ . X 3 ~ 1... Vonburm tt~, Van Burcn Ave ,H, n " s~ ~ i i N ~ , w ' i x~# ,~o.~` si~ rrr '-5'Ind Ave ' N'2nd Ave m ,t- ' c ~ ~ . i t a , ~ j~ r ~ f ~ t ~ ,t~zr,~r`# , ~ f~ "i' F ^r u'~ fi~~r w . C , ~ ~ ~ 5'3rd~AVe A ~ `x ~ ~ ~ ~ F t. k s ~5 ~ J~~ N'3rdAVe-m'~"~-S E ' ~ . ss ~~i ~ r K µC ' tm - i ~~`s~~ 'Y~. h ~ e . t j . ~ -Y ~ w ~ i 4G ~ ~ ~ y s'~y q ~ . 3n '~~r~ ~ %s-, S ~ h',~ Sr: ~ " °4"~` r ` ,~"W s ~ o ~ 4 ~ . : ~r~ ~ ~ ~ ~ `q ~ aena~e , ~ ~ ~ti r , 5~4[hAVe ~ , " ~ 'R4 k 7S a „w - a r- g a N 4thAVe 4th'Ave x; Y1i~ t~~~.~ ~ ~ .J'~ ~^'V~ Y~ S y ~ 5 v ~ ~ ~ ~ ~ ~ ~ F; ~ N } ' . 3 '~i ~ jR 1 . . - d ~ ,w,~ i`"'~ R `w~r~"r ~dy ~ " ~ SR78 A. r1 °'~F~' ~ .z . '~v ~x, % ~ ~d4"~}y;~ k ; ~ I~ I~.~~~ I4{ '1 A~' ~~~4~#~~' J~ . "n'~~.,. r s~~ ~ a~°~v l ,n rv'~~.' ~y~'~r SR9 ~~5~ `~i~~r k~$~ • ~ ~S ~C'~1r' w.. r'~Yi~frG':...~ii i~.~:'i~. ~ `~'~`y'~ a ~ ia~ii:1 n N 3 ~ 5'6th~Ave"- I ? - 5 6M'AVe N-6thAve' I n N' 6[h Ave ' "a 5-7thAve'~~ ° m ' v i a.."..5..7tAAVe N'7thAVe ^ m m ' T3~ • ~ C ] 5'Bth~Ave ~ + "t'.:,I l ; ;1 5'8M'Ave ° k. >i ~ ~ ~ ~ m ~ ~ ~ o , ~ s. ~ o~ x-s-~enn~~ p, g`~. o~ ~ ~i ^ S'9t~ ~AVe ~ a ~ (E"OakSt ~ ~ sr ~ a n ~a ~ ~ ~ ~ p rp ~ -riana~~ ~ ~ ~ O € ,~y 'a ; r ~ ~ ~ i ~ ~ ~ i ~ ~--5'11[hAVe--'- , M ~ f7• ~ A N - ~ EXHIBIT E CANTON 1- DOWNTOWN/5TH AVENUE TIF DISTRICT LEGAL DESCRIPTION AS AMENDED BY SECOND AMENDMENT A part of Secrions 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 intersecrion of the southerly right-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 to a point being the intersection of the northerly right-of-way line of East Elm Street and the westerly right-of-way line of North Second Avenue; Thence easterly along the northerly right-of-way line of East Elm Street to a point being the intersecrion of the northerly right-of-way line of East Elm Street and the westerly right-of-way line of North Fourth Avenue; Thence northerly along the westerly right-of-way line of North Fourth Avenue to a point being the intersecrion of the southerly right-of-way line of East Chesmut Street and the westerly right-of-way line of North Fourth Avenue; Thence easterly across North Fourth Avenue and thence continuing along the southerly right-of-way line of East Chestnut Street 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 129 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 129 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 to a point in the north right-of-way line of East Elm Street, said point being 78 feet more or less east of the intersecrion of the north right-of-way line of East Eltn Street and the east right-of-way line of North Fifth Avenue; Thence continuing southerly across East Elm Street, to a point in the south right-of-way line of East Elm Street, said point being 78 feet more or less east of the intexsection 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 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 intersecrion of the north right-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, 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; Page 9 Thence westerly 79 feet more or less; Thence southerly 100 feet more or less; Thence easterly 32 feet moxe or less; Thence southerly to a point in the north right-of-way line of East Walnut Street, said point being 110 feet more ox less east of the intersecrion of the north right-of-way line of East Walnut Street and the east right-of-way line of South Fifth Avenue; Thence westerly along the north right-of-way line of East Walnut Street to a point being 86 feet more ox less east of the intersection of the north right-of-way line of East Walnut Street and the east right-of-way line of South Fifth Avenue; Thence southerly across East Walnut Street, to a point in the south right-of-way line of East Walnut Street, said point being 86 feet more or less east of the intersection of the south right-of-way line of East Walnut Street and the east right-of-way line of South Fifth Avenue; Thence southerly 94 feet more or less; Thence easterly 46 feet more or less to a point in the west right-of-way line of the alley between South Fifth Avenue and South Sixth Avenue; T'hence continuing southerly along the west right-of-way line of the alley between South Fifth Avenue and South S~th Avenue, to a point in the south right-of-way line of Anderson Place, said point being 132 feet more or less east of the intersection of the south right-of-way line of Anderson Place and the east right-of-way line of North Fifth Avenue; Thence continuing westerly along the south right-of-way line of Anderson Place, to a point being 66 feet more or less east of the intersecrion of the south right-of-way line of Anderson Place and the east right-of-way line of North Fifth Avenue; Thence southerly 47 feet more or less; Thence easteYly 66 feet more or less; Thence southerly 141 feet more or less; Thence westerly 52 feet more oY less; Thence southerly to a point in the north right-of-way line of Grant Place, said point being 80 feet more or less east of the intersection of the noYth right-of-way line of Grant Place and the east right-of-way line of South Fifth Avenue; Thence southerly across Grant Place to a point in the south right-of-way line of Grant Place , said point being 80 feet more or less east of the intersection of the south right-of-way line of Grant Place and the east Yight-of-way line of South Fifth Avenue; Thence easterly along the south right-of-way line of Gxant Place 52 feet more or less to a point where the south right-of-way line of Grant Place intersects the west right-of-way line of the alley lying between South Fifth Avenue and South Su~th Avenue; Thence continuing southerly along said alley line to a point where said alley line intersects the north right-of-way line of East Oak Street; T'hence continuing southerly across East Oak Street to a point where the South right-of-way line of East Oak Street intersects the west right-of-way line of the alley between South Fifth Avenue and South Sixth Avenue; Thence continuing southerly along the west right-of-way line of said alley across Hickory Street and East Cherry Street to a point in the north right-of-way line of East Linn Street, said point being 131 feet more or less east of the intersection of the north right-of-way line of East Linn Street and the east right-of-way line of North Fifth Avenue; Thence westerly along the north right-of-way line East Linn Street and across South Fifth Avenue to a point being the intersecrion of the 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 along the west right-of-way line of the alley between South Fourth Avenue and Page 10 South Fifth Avenue, to a point being 21 feet more or less north of the intersection of the south right-of-way line of East Cherry Street and the west right-of-way line of the alley between South Fourth Avenue and South Fifth Avenue; Thence westerly 162 feet more or less to a point being 21 feet more or less north of the intersection of the south right-of-way line of East Cherry Street and the east right-of-way line South Fourth Avenue; Thence northerly along the east right-of-way line of South Fourth Avenue across Hickory Street to a point being the intersecrion of the north right-of-way line of East Oak Street and the east right-of-way line of South Fourth Avenue; Thence westerly along the north right-of-way line of East Oak Street across South Fourth Street to a point being the intersection of the north right-of-way line of East Oak Street and the west right-of-way line of South Third Avenue; T'hence northerly along the west right-of-way line of South T"hird Avenue across East Oak Street to a point being the intersecrion of the south right-of-way line of the T.P. & W. Railroad and the west right-of-way line of South Third Avenue; Thence westerly along the south right-of-way line of the T.P. & W. Railtoad across South Second Avenue and South First Avenue to a point being the intersecrion of the south right-of-way line of the T.P. & W. Railroad and the east right-of-way line of South Main Street; Thence southwesterly across South Main Street and South Avenue A to a point where the south line of the T.P. & W. Ra.ilroad inteYSects the east right-of-way line of South Avenue B; Thence northerly along the east right-of-way line of South Avenue B, to a point being the intersecrion of the north right-of-way line of the T.P. & W. Rail.road and the east Yight-of-way line of South Avenue B; Thence northeasterly along the north right-of-way line of the T.P. & W. Railroad across South Avenue A to a point being the intersection of the north right-of-way line of the T.P. & W. Railroad and the west right-of-way line of South Main Street; Thence easterly along the north right-of-way line of the T.P. & W. Railroad acxoss South Main Street and South First Avenue to a point in the east right-of-way line of the alley between South First Avenue and South Second Avenue; Thence northerly along the east right-of-way line of the alley between South First Avenue and South Second Avenue across East Maple Street and East Wa.lnut Street to a point being the intersecrion of the north right-of-way line of East Walnut Street and the east right-of-way line of the alley between South First Avenue and South Second Avenue; Thence westerly along the north right-of-way line of East Walnut Street, to a point being the intersecrion of the north right-of-way line of East Walnut Street and the east right-of-way line of White Court; Thence northerly along the east right-of-way line of White Court, to a point being the intersection of the north right-of-way line of East Pine Street and the east right-of-way line of White Court; Thence westerly along the north right-of-way line of East Pine Street, across Main Street and along the north right-of-way line of West Pine Street to a point being the intersecrion of the north right-of-way line of West Pine Street and the east right-of-way line of South Avenue A; `I'hence northerly along the east right-of-way line of South Avenue A across West Elm Street and West Chestnut Street to a point being the intersecrion of the south right-of-way line of the alley between West Locust Street and West Chestnut Street and the east right-of-way line of North Avenue A; Thence easterly, along the south right-of-way line of the alley between West Locust Street and West Chestnut Street, 165 feet more or less to a point being in the west right-of-way line of Market Court; Thence northerly, along the westerly right-of-way line of Ma.tket Court, 78 feet more or less; Page 11 Thence northwesterly, along the westerly right-of-way line of Market Court, 25 feet more or less to a point being the intersecrion of the westerly right-of-way line of Market Court and the southerly right-of-way line of West Locust Street; Thence eastexly, along the southerly right-of-way line of West Locust Street 188 feet more or less; Thence southeasterly, along the southeYly right-of-way line of West Locust Street 49 feet more or less to a point being on the westerly right-of-way of Main Street; Thence southexly, along the westerly right-of-way of Main Street 210 feet more or less; Thence easterly, crossing the right-of-way of Main Street and continuing 439 feet more or less to a point being on the westerly right-of-way line of North First Avenue ; Thence southerly, along the west right-of-way line of North First Avenue, 189 feet to a point being the intersecrion of the west right-of-way line of North First Avenue and the south right-of-way line of East Chesmut Street; Thence easterly, across North First Avenue and along the south right-of-way of East Chestnut Street, 454 feet more or less to the point of beginning. Lcgal De.rcription prepared on January 27, 2012 by: Mauer-StutZ StutZ Inc., 761 S N Harker Dr., Peoria, IL 6161 S Page 12