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An Ordinance of the Village Of Romeoville, Will County Illinois Amending Ordinance No. 2010-89 Designating The Marquette TIF Redevelopment Project Area of Said Village a Redevelopment Project Area Pursuant To the Tax Increment Allocation Redevelopment Act
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WHEREAS, it is desirable and for the best interests of the citizens of the Village of Romeoville, Will County, Illinois (the "Village"), for the Village in conformance with the Tax Increment Allocation Redevelopment Act (65 ILCS 5/11-74.4-1 et seq.) as amended (the "Act"), to amend Ordinance No. 2010-89 which designated the area known as "Marquette TIF" as a redevelopment project area (the "Area"); and
WHEREAS, the Corporate Authorities have heretofore by ordinance adopted and approved the Third Amendment to the Redevelopment Plan and Project for the Marquette TIF, which Amended Plan and Project were the subject, along with the amended designation hereinafter made, of a public hearing held on September 19, 2018, and it is now necessary and desirable to amend the area previously designated as a Redevelopment Project Area pursuant to the Act.
NOW, THEREFORE, BE IT ORDAINED by the President and Board of Trustees of the Village of Romeoville, Will County, Illinois, in the exercise of its statutory, home rule and other powers, as follows:
Section 1. Area Designated
That Ordinance No. 2010-89 is hereby amended to remove the Deleted Area, as described in Exhibit "A" attached hereto and incorporated herein as if set out in full by this reference. The street location (as near as practicable) for the Deleted Area is described in Exhibit "B" attached hereto and incorporated herein as if set out in full by this reference. The map of the Deleted Area is depicted on Exhibit "C" attached hereto and incorporated herein as if set out in full by this reference.
Section 2. New Redevelopment Project Area
The Marquette TIF Tax Increment Finance District designation as a Redevel...
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