HomeMy WebLinkAboutRESOLUTIONS-2012-012-R-122/14/12
6/12/12
12-R-12
A RESOLUTION
Deeming Certain Funds in the Special Tax Allocation Fund for the
Howard Hartrey Tax Increment Redevelopment Project Area as
"Surplus" Funds and Directing the Payment and Distribution Thereof
(2011) by the City of Evanston, Cook County, Illinois
WHEREAS, the City of Evanston, Cook County, Illinois (the "City"), is a
home -rule municipality pursuant to Article VII of the Illinois Constitution of 1970; and
WHEREAS, pursuant to Ordinances 8-0-92, 09-0-92, and 10-0-92,
adopted April 27, 1992 in connection with the Howard Hartrey Tax Increment
Redevelopment Project Area (the "Redevelopment Project Area"), the City Council of
the City Evanston (the "Corporate Authorities") adopted the Howard Hartrey Tax
Increment Area Redevelopment Plan and related Redevelopment Projects, designated
the Redevelopment Project Area, and authorized tax increment finance pursuant to the
Tax Increment Allocation Redevelopment Act, 65 ILCS 5/11-74.4-1 et seq., as
supplemented and amended, including the predecessor Act thereof (the "TIF Act"); and
WHEREAS, the City is required by Sections 11-74.4-5(d)(5)(D) and 11-
74.4-8 of the TIF Act to annually designate al! funds deposited into the special tax
allocation fund established pursuant to the TIF ordinances that are not identified as
being required, pledged, earmarked or otherwise designated for payment of or securing
of obligations or anticipated redevelopment project costs as "surplus" funds; and
WHEREAS, the City must cause the distribution thereof by paying the
same to the taxing districts in the Redevelopment Project Area, the Illinois Department
r
of Revenue, and the City, in direct proportion to the amount of funds received from the
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collection of real estate taxes and from the State of Illinois and deposited into such
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special tax allocation fund, such amount to the taxing districts in the Redevelopment
Project Area to be in the same manner and proportion as the most recent distribution by
the County Clerk of Cook County, Illinois to the affected taxing districts of real property
taxes from real property in the Redevelopment Project Area,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF EVANSTON, COOK COUNTY, ILLINOIS, THAT:
SECTION 1: Findings: The Corporate Authorities find, determine, and
declare that the amount of funds deposited in the special tax allocation fund for the
Redevelopment Project Area that is not required, pledged, earmarked or otherwise
designated for payment of or securing of obligations or anticipated redevelopment
project costs is one million dollars ($1,000,000.00),
such amount
having been
calculated and now deemed to be "surplus" funds for
the year 2011
pursuant to
Sections 1-74.4-5(d) and 11-74.4-8 of the TIF Act.
SECTION 2: Direction: The City Treasurer is hereby authorized and
directed to cause the payment and distribution of all such "surplus" funds in the manner
and proportion as specified in Sections 11-74.4-5(d) and 11-74.4-8 of the TIF Act.
SECTION 3: Actions: All actions of the officers, agents, and employees
of the City that are in conformity with the purposes and intent of this Resolution 12-R-
12, whether taken before or after the adoption hereof, are hereby ratified, confirmed,
and adopted.
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SECTION 4: Severability: If any section, paragraph, or provision of this
Resolution 12-R-12 shall be held to be invalid or unenforceable for any reason, the
invalidity or unenforceability of such section, paragraph, or provision shall not affect any of
the remaining portions of this resolution.
SECTION 5: This Resolution 12-R-12 supersedes all resolutions or
orders or parts thereof in conflict herewith, and this resolution shall be in full force and
effect upon its adoption.
Attest:
R dney Gr&Ane, City Clerk
Adopted: OVY Z 2012
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Eliz eth B. Tisdahl, Mayor
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