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An Ordinance of the Village of Romeoville, Will County, Illinois, Approving the Third Amendment to a Tax Increment Redevelopment Plan and Redevelopment Project For the "Marquette TIF" Redevelopment Project Area
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WHEREAS, the Village has previously taken the following action with regard to the Marquette TIF: i) by Ordinance No. 2009-89 approved a Redevelopment Plan and Project which was thereafter twice amended by Ordinance No. 05-0237 and Ordinance No. 11-0905 (collectively the "Plan"); ii) by Ordinance No. 2010-89 designated the Marquette TIF as a Redevelopment Project Area (the "Designation"); and iii) by Ordinance No. 2011-89 adopted Tax Increment Financing (the "TIF Financing"); and
WHEREAS, the Village has determined that it is in the best interest of the Village to make certain amendments to the Plan, the Designation, and the TIF Financing; and
WHEREAS, the Corporate Authorities have determined that in order to promote and protect the health, safety, morals and welfare of the public that the area legally described in Exhibit A hereto (the "Proposed Deleted Area") be removed from the Marquette TIF; and
WHEREAS, the Village has caused Kane McKenna to prepare, and the Village has made available for public inspection and distribution, a proposed Third Amendment to Redevelopment Plan and Project for the Marquette TIF (the "Third Amended Plan" and "Project"); and
WHEREAS, the Third Amended Plan and Project sets forth in writing changes to the Legal Description, general land description, budget, and other matters amending the Plan and Project; and
WHEREAS, pursuant to Section 11-74.4-5 of the TIF Act, the Corporate Authorities by resolution called a public hearing (the "Hearing") relative to the Third Amended Plan and Project, the removal of the Proposed Deleted Area from the redevelopment project area and the amendment of tax increment financing for the Marquette TIF under the TIF Act and fixed the date and plac...
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