Title
An Ordinance of the Village of Romeoville, Will County, Illinois, Approving A Business District Redevelopment Plan for the Normantown Road Business District No. 1
Body
WHEREAS, on the 7th day of November, 2018, the President and Board of Trustees of the Village of Romeoville, Will County, Illinois (the "Village") adopted Ordinance No. 18-1521 proposing the establishment of a Business District and called for a public hearing with respect thereto; and,
WHEREAS, the area proposed to be designated as Business District is legally described on Exhibit A, the street boundaries are set forth on Exhibit B and is depicted on the map set forth on Exhibit C, each attached hereto (the "Proposed Area"); and,
WHEREAS, the proposed Business District is to be known as the "Normantown Road Business District No. 1"; and,
WHEREAS, the Normantown Road Business District No. 1 is proposed to be created pursuant to the Business District Development and Redevelopment Law (65 ILCS 5/11-74.3-1 et. seq.) (the "Law"); and,
WHEREAS, the Village has caused to be conducted an eligibility study to determine whether the Normantown Road Business District No. 1 qualifies as a "Business District" and whether such area qualifies as a "blighted area" pursuant to the Law, which study was conducted by Kane, McKenna and Associates, Inc. ("Kane McKenna") and
WHEREAS, Kane McKenna has heretofore concluded the study and has advised the Village by means of a written "Business District Plan" that the Normantown Road Business District No. 1 qualifies as a "blighted area" and as a Business District; and
WHEREAS, the Business District Plan has been made available for public inspection; and,
WHEREAS, the Business District Plan sets forth in writing the program to be undertaken to accomplish the objectives of the Village and includes estimated redevelopment project costs proposed for the Proposed Area, evidence indicating that the Proposed Normantown Road...
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