Loading...
HomeMy WebLinkAboutResolution #0746-;.t~~ RESOLUTION N0. ~ `t~0 A RESOLUTION SETTING A TIME AND PLACE FOR A PUBLIC HEARING PERTAINING TO THE REVIEW OF A REDEVELOPMENT PLAN, REDEVELOPMENT PROJECTS AND THE DE- SIGNATION OF THE REDEVELOPMENT PROJECT AREA PURSUANT TO THE REQUIREMENTS OF THE REAL PROPERTY TAX INCREMENT ALLOCATION REDEVELOPMENT ACT. WHEREAS, the City of Canton, Illinois has completed preliminary studies pertaining to the feasibility of utilizing tax increment financing in a proposed redevelopment area, which area is generally known as the Central Business District and is generally described in Schedule A attached hereto and made a part hereof; and WHEREAS, the City of Canton, Illinois desires to take procedures pertain- ing to the adoption of a Redevelopment Plan, Redevelopment Projects and the designation of an area in which the Redevelopment Plan and Project shall be implemented pursuant to the requirements of the Real Property Tax Increment Allocation Redevelopment Act set forth in the Illinois Municipal Code as Chapter 24, Sec. 11-74.4-1 et seq; and WHEREAS, Chapter 24, Sec. 11-74.4-5 provides, "Prior to the adoption of an ordinance proposing the designation of a redevelopment project area, or approving a redevelopment plan or redevelopment project, the municipality shall fix a time and place for public hearing."; and WHEREAS, the proposed Redevelopment Project Area on the whole has not been subject to growth. and development through investment liy private enterprise and would not reasonably be anticipated to be developed without the adoption of a Redevelopment Plan. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CANTON, FULTON COUNTY, ILLINOIS, AS FOLLOWS: Section 1: The City of Canton, Illinois desires to implement a Central Business District redevelopment program through the use of tax increment financing. The proposed redevelopment area is generally described in Schedule A attached hereto and made a part hereof. -. ~. - 2 - Section 2: The proposed Redevelopment Project Area on the whole has not been subject to growth and development through investment by private enterprise and will not reasonably be anticipated to be developed without the adoption of a redevelopment plan committing the use of public funds. Section 3: There is hereby set a public hearing for 6:30 P.M., December 7, 1977 at the Council Chamber, City Hall, 210 East Chestnut Street, Can- ton, Illinois. The public hearing shall be held pursuant to the statutory requirement provided in Chapter 24, Sec. 11-74.4-5 of the Illinois Muni- cipal Code and shall pertain to the review of a Redevelopment Plan, Re- development Projects and the designation of a Redevelopment Project Area. In connection with said hearing, the City of Canton shall give the notice required by said Section. Section 4: This Resolution shall be in full force and effect immediately upon its passage by the City Council of the City of Canton, Illinois and approval by the Mayor thereof as provided by law. PASSED by the City Council of the City of Canton, Illinois and APPROVED by the Mayor thereof this ~-~ ~ day of OCTC h~ L-:t~ 1977. APPROVED : ~./~ OR Harlan E. Crouch ATTEST: ~.~~ 1 CITY CLERK Nanc S. Whites i~rr-. SCHEDULE A The City of Canton proposes that the redevelopment project area encompass the following area within the corporate limits of the City, particularly described to wit: 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; r -. ' . ti' - 2 - Thence in an 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 Street, the Point of beginning. 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 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.