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An Ordinance of the Village Of Romeoville, Will County, Illinois
Amending Tax Increment Allocation Financing For the "Marquette TIF" Tax Increment Finance District
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WHEREAS, it is desirable and for the best interests of the citizens of the Village of Romeoville, Illinois (the "Village"), for the Village to amend tax increment allocation financing pursuant to the Tax Increment Allocation Redevelopment Act (65 ILCS 5/11-74.4-1 et seq.) (the "Act") to remove the Deleted Area as described below from the previously designated Marquette TIF; and
WHEREAS, the Village has heretofore approved a Third Amendment to the Redevelopment Plan and Project (the "Plan" and "Project") for the Marquette TIF as required by the Act by passage of an ordinance.
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 home rule, statutory and other powers, as follows:
Section 1: Tax Increment Financing Adopted for Deleted Area
Ordinance No. 2011-89 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 Area is depicted on Exhibit "C" attached hereto and incorporated herein as if set out in full by this reference.
Section 2: Newly Constituted Marquette TIF
The legal description for the Redevelopment Project Area as defined by Ordinance No. 2011-89 is attached hereto as Exhibit D. The map of the newly constituted Marquette TIF is attached hereto as Exhibit E. The general street location for the newly constituted Marquette TIF is attached hereto as Exhibit F.
Section 3: Invalidity of Any Section
If any section, paragraph or provision of this...
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