Title
A Resolution With Respect to an Amendment to the Marquette Tax Increment Finance District, Establishing the Dates for a Public Hearing and Joint Review Board, and Other Matters in the Village of Romeoville
("Marquette TIF")
Body
WHEREAS, the Village of Romeoville is a duly organized home rule municipality under and by virtue of the Constitution and Statutes of the State of Illinois (the "Village"); and
WHEREAS, the Village is authorized to take various actions with respect to redevelopment of property within its borders; and
WHEREAS, by Ordinance No. 2009-89, the Village approved a Redevelopment Plan and Project for a Redevelopment Project Area known as the Marquette TIF District; and
WHEREAS, by Ordinance No. 2010-89, the Village designated the Marquette TIF as a Redevelopment Project Area; and
WHEREAS, by Ordinance No. 2011-89, the Village adopted Tax Increment Financing for the Marquette TIF; and
WHEREAS, the Village by Ordinance No.s 05-0237 and 11-0905 has approved the First and Second Amendments to the Marquette TIF Redevelopment Plan and Project; and
WHEREAS, it is in the best interest of the Village to considering deleting the Property legally described on Exhibit A attached hereto From the Marquette TIF (the "Proposed Deleted Area"); and
WHEREAS, the Proposed Deleted Area is generally described as set forth on Exhibit B attached hereto; and
WHEREAS, the Proposed Amended Marquette TIF is depicted on the map attached hereto as Exhibit C; and
WHEREAS, for at least ten (10) days prior to the adoption of this Resolution, copies of a proposed draft Third Amendment to the Redevelopment Plan and Project for the Marquette TIF have been available for public inspection in the office of the Village Clerk; and
WHEREAS, prior to deleting the Proposed Deleted Property to the Marquette TIF, the TIF Act requires, among other things, a public hearing before the Corporate Authorities and a meeting of the Joint Review Board, together with require...
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