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Home My WebLink AboutRESOLUTIONS-1993-040-R-9340-R-93 Resolution of Intern to Consider the Establisi rent of a Redevelopment Project Area by the City of Evanston, Cook Qxmty, Illinois WHEREAS, the City of,Evanston, Cook County, Illinois (the "City"), is a duly organized and existing municipality created under the provisions of the laws of the State of Illinois; and WHEREAS, under Chapter 24, Section 11-74.4-1, et seq. , Illinois Revised Statutes, which Sections are known as the "Tax Allocation Redevelopment Act," (hereinafter referred to as "Zhe Act"), the City of Evanston is to undertake the redevelopwnt of blighted or conservation areas through tax ink.L-=«.L financing; and pursuant to said Act, the City is .,Y,,ri Lid to incur redevelopment project costs; and WAS, it is in the best interests of the City that certain property, is legally described in Exhibit A attached hereto and generally bounded by Oakton Avenue on the South, the western edge of the Rust-Oletma pL.,-,- L ly on the West, the northern edge of the Rust-Oleum property on the North, and the east side of Hartrey Avenue on the East, be redeveloped; and WHEREAS, in order to redevelop the Site, it may be necessary to undertake the construction of certain public improvements and to provide the financial assistance for certain rLL ly assembly, site preparation, site improvements and other redevelopment costs; and WHEREAS, the City's Consultant, Kane, McKenna and Associates, Inc. has reported that the Site contains a number of impediments to public or private redevelopment; and N WHEREAS, the Site has not been subject to growth and development through im.L.1, by private enterprise and it is not reasonably anticipated to be developed without public assistance by the City, including the adoption of a redevelopment plan; and WHEREAS, Home Depot USA, Inc. and/or entities formed by it (the "Develop- er") have expressed interest in redeveloping the site and have advised the City that it is not economically feasible for the Developer to do so, given the iu�ediments to development which characterize the Site; and WHEREAS, the Developer has further advised the City that redevelopment will not occur unless the City provides substantial public assistance, including, specifically, financial subsidies and other inducements; and WHEREAS, the City Council has determined that the real by Developers to redevelop the Site will conform to the comprehensive plan for the develop T east of the City as a whole; and WHEREAS, the City has caused a review of the conditions on the Site and believes that the Site may qualify as "redevelopment project area" pursuant to the Tax In --AL Allocation Redevelopment Act (Ill. Rev. Stat. , Ch. 24 S. 11- 74.4-1 et. seq.) (the "Act"); WHEREAS, the City Council has determined that it is in the best interests of the City that the City conduct a formal eligibility study on the Site, consider approving a redevelopment plan and project therefor, consider designating the same as a redevelopment project area, and consider adopting tax increment allocation financing therefor, all as provided in the Act; NOW, Yti�uvn, Be It and It Hereby Is Resolved by the City Council of the City of Evanston, Cook County, Illinois, in the exercise of its powers, as follows: Section 1: The preambles hereto be, and the same hereby are, it A.uuk,,j, ated herein by this reference as though set out at this place in full. 2 8 Section 2: The City will continue to consider the use of tax ink„L.,L allocation financing, as provided in the Act, for the Site and will take such actions as they deem « ... late and necessary to confirm the eligibility of the Site under the Act, to consider approving a redevelopment plan and project therefor, to consider designating the Site a redevelopment project area, and to consider adopting tax in%-L=um=iL allocation financing therefor, all as provided in the Act. Section 3: Mie City acknowledges that the Subject F.Lyjp,-LLy is presently zoned for the purpose contemplated by Hone Depot. The City recognizes that Developers have substantially based their position in reliance upon the existing 1960 Zoning Ordinance regarding development of the Subject FiuYc,LLy. The City agrees to review and consider the development kAL 1 under the City's 1960 Zoning Ordinance and will not require the development to be approved under the 1993 Zoning Ordinance. Section 4: It is in the intent of the City, though not the City's obligation, to assist in the redevelopment of the Site by providing for the possible partial payment of eligible redevelopment project costs, including, but not limited to, site iniprovments, environmental remediation, site preparation and the construction of public improvements, all as provided in the Act. Section 5: It is the intent of the City Council that the Economic Development Committee address the following issues and that a report shall be issued to the Council prior to the final consideration of a Redevelopment Xj-=c --ILB ►at. 1. Study the feasibility of establishing a Neighborhood Business Development Fund to address issues of neighborhood development and identify the preliminary of such a JAL UI_+L cuu; 2. Conduct a cross impact study to determine the potential impact of Home Dep• on - - • Evanston -based home inprovement industry; 8 3 . Identify the benefits to the comnmity from thedevelop- meat, including a IMBE/WBE/EBE r+�• the development. Section 6: All resolutions, motions, or orders in conflict herewith be, and the same hereby are, to the extent of such conflict repealed. Section 7: That this Resolution shall be in full force and effect immediately upon its passage and approval as provided by law. City Clerk 4 Mayor I r s FEB 19 '93 V. . 04: 24PM KPS E, Map g, ;SSGC a 7t)o 531 8316 ��DOLSKY y - EXHIBIT A TO RESOLUTION 40-R-93 COMPIENCING AT THE NORTH WEST CORNER OF DAMON STREET A.\D HAFTRET At'T NUN, SAID POINT BEING 33.0 FEET NORTH OF THE SOUTH LINE AND 33.0 FEET LEST OF THE EAST LINE (AT RIGHT ANGLE MEASUREMENT) OF SAID SOLTK WEST 1/4 OF THE SOUTH VEST 1/4; THENCE RUNNING FORTH ALONG SAID VEST LINE OF HARTREY AVENUE ANII 33.0 FEET VEST OF AND'PARALLE:, TO SAID EAST LIME OF TFE SOLlTH WEST 1/4 OF THE SOUTH VEST 1/4. A DISTANCE OF 861.0; FEET TO A P0I`'T; THENCE WEST AT RIGHT ANGLES TO SAID VEST LINE OF HARTRE? AVEMIX, A DISTANCE OF 430.0 FEET TO A POINT; THENCE SOL-M. PARALLEL TO SAID EAST LINE OF SAID SOUTH WEST 1/4 OF THE SOUTH :EST 1/4, A DISTANCE OF $81.35 FEET TO A POINT IN THE NORTH LIME OF OArTON STREET; THENCE EAST ALONG THE NORTH LINE OF OALTON STREET AND 33.0 FEET NORTH OF (AT RIGHT ANGLE MEASUREMENT) AN'D PARALLEL TO SAID SOUTH LINE OF SAID SOUTH WEST 1/4 OF THE SOUTH WEST 1/4, A DISTANCE OF 400.51 FEZ - TO THE PUCE OF BEGINNING. IN C009 COUN-N. ILLINOIS PARCEL 4: LOTS "A" , "8" W. "C A.�D "E" IN HACTAGGART AND NEU70N' S SUB D'A V I S I ON . BEING A SUBDIVISION OF PART OF THE EAST 1/2 OF THE SOUTH VEST 1/4 OF THE SOLTH VEST 1/4 OF SECTION 24. TOVNSHIP 41 NOMA , RA\GE 13 EAST OF THE THIRD PRINCIPAL ti RID1AN, IN C001: COI:N-rY. ILL.NO1S Cormn Street Address: 2201-2301 Viest Cakton, Evariz.e-in Perrcnan_ rdex Minbers: 10--24-310-014, ;)-24-31C-018, 10-24-310-011.9, 10-24-3_0-02P, and 10-2A-31n-045 SOUTHWEST EVANSTON TIF/RPA 1-f-+•--....HAftiNEY•AVE: -•rr• _. ' ._...-'.—� r-- i—w �rwn�twrrwr�t*rrwrrl�twrtnrw _,_....� 1..,. I%3 01 x z r oos "� .. O �•oi� I•ofo I•os1 of p t714 of -013 •otI o16 r� 011 .t4i'13►; 13"'� { -• 01! i I of s - oL - i D �r -- '-- - ' —PITNER-AY@— - - - ' •'� I tme 90 1 ',n.�, • - I r p BOUNDARY MAP 34, 1-04 DATES f •ice' JL' ► `, ' I IrtIr11N SCAlIL 1--300' Ar OZI •oti 1 = ��• : •o4a 0.1 .1 .11 --.. 1 (6 A PA . •.� 1 d C�kM�/l�fKlraNs . � ...•- ...�.. - .. ...... - .... _.... •, •oil17� ",�.✓./� � �•�-�� lM�myr��AdArc�r�cll i �� . _ . ,........ - .. � b ..... � 'd� t10►MbdlfrlflhlM ORIGINAL BOUNDARY YI�J1ta1�(Mi�• Proposed Rust-0leum/ Home Depot TIP Boundary ""°"'"'" 4•Y•A yO• W T