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HomeMy WebLinkAboutOrdinances - ORD-17-1849 - 12/04/2017 - AMENDMENT TO TIF PROJECT AREA REMOVING 1306 N. GREORDINANCE NO.ORD-17-1849 An Ordinance Amending the City of McHenry's Redevelopment Project and Plan for the City of McHenry Tax Increment Redevelopment Project Area by Removing the Property Commonly Known as 1306 N. Green Street, McHenry, Illinois WHEREAS, on April 15, 2002, the Mayor and City Council (the "Corporate Authorities") of the City of McHenry adopted the following (collectively, the "Ordinances"): 1. Ordinance Number ORD 02-1068: An Ordinance of the City of McHenry, McHenry County, Illinois Approving Downtown McHenry Redevelopment Project and Plan for the City of McHenry Tax Increment Redevelopment Project Area; 2. Or dinance Number ORD V2-I V61,: An Or dlllallce of the City of 1vxcHen^y, 1VXcXX "1 y County, Illinois Designating the City of McHenry Tax Increment Redevelopment Project Area a Redevelopment Project Area Pursuant to the Tax Increment Allocation Redevelopment Act, as Amended; and 3. Ordinance Number ORD 02-1070: An Ordinance of the City of McHenry, McHenry County, Illinois Adopting Tax Increment Allocation Financing for the City of McHenry Tax Increment Redevelopment Project Area. WHEREAS, such Ordinances designated and established a Redevelopment Project Plan (the "Plan") and "Area" as described and as those terms are defined in the Ordinances. WHEREAS, the City Mayor, Wayne Jett, has advised and disclosed to the City Attorney and the City's Corporate Authorities, as well as all taxing districts of the Area, that he is the contract buyer of the property commonly known as 1306 N. Green Street, which is legally described in Exhibit A (the "Subject Property") which is located within the boundaries of the Area and the Plan. WHEREAS, the City believes that it is in the best interest of the City to delete and remove the Subject Property from the Area and the Plan, and that such change will not affect the general land uses proposed in the redevelopment plan and will not substantially change the nature of the redevelopment plan. NOW THEREFORE, BE IT ORDAINED by the CITY COUNCIL of the CITY OF McHENRY, McHenry County, Illinois, as follows: SECTION l: Contingent upon Wayne Jett acquiring title and closing on the Subject Property, the Subject Property is hereby deleted and removed from the "Plan" and the "Area," of the "Downtown McHenry Tax Increment Redevelopment Project Area," the "Redevelopment Area," as those terms are defined in the Ordinances. SECTION 2: Notice of this amendment to the Ordinances shall be sent by the City Attorney to the taxing districts associated with the Area, as provided by law. SECTION 3: If any section, paragraph, subdivision, clause, sentence or provision of this Ordinance shall be adjudged by any Court of competent jurisdiction to be invalid, such judgment shall not affect, impair, invalidate or nullify the remainder thereof, which remainder shall remain and continue in full force and effect. SECTION 4: All ordinances or parts of ordinances in conflict herewith are hereby repealed to the extent of such conflict. SECTION 5: This Ordinance shall be filed with the City Clerk. SECTION 6: This Ordinance shall be in full force and effect upon its passage, approval and publication in pamphlet form (which publication is hereby authorized) as provided by law. APPROVED and ADOPTED this 4th DAY of DECEMBER 2017. Voting Aye: CONDON, CURRY, DEVINE, MIHEVC, SCHAEFER, SANTI, GLAB Voting Nay: NONE Abstaining: NONE Not Voting: NONE Absent: NONE aJJV/ Mayor W e tt ATTEST: �diity erk Lynzi Nevitt Z:\M\McHenryCityof\Ordinances\TIFAmendRedevelopment.doc EXHIBIT A LEGAL DESCRIPTION LOTS 6 AND 7 IN BLOCK 21 IN THE ORIGINAL PLAT OF MCHENRY ON THE WEST SIDE OF FOX RIVER, A SUBDIVISION OF PART OF THE SOUTHEAST QUARTER OF SECTION 26, TOWNSHIP 45 NORTH, RANGE 8 EAST OF THE THIRD PRINCIPAL MERIDIAN, ACCORDING TO THE PLAT THEREOF RECORDED JULY 6, 1840 IN BOOK "B" OF DEEDS, PAGE 160, IN MCHENRY COUNTY, ILLINOIS. Commoinly known as 1306 Green St., McHenry, IL