Des Plaines TIF No. 4 ATR FY 2014CITY OF DES PLAINES
TAX INCREMENT FINANCING DISTRICT NO. 4
FIVE CORNERS / RAND ROAD TIF DISTRICT
ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2014 AND ENDING DECEMBER 31, 2014
CITY OF DES PLAINES TIF DISTRICT #4 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2014 AND ENDING DECEMBER 31, 2014
City of Des Plaines
Tax Increment Financing District No. 4
Five Corners / Rand Road TIF District
Table of Contents
SECTION TITLE PAGE
1.0 Name of Redevelopment Project Area and
Contact Information 1
2.0 Redevelopment Project Information 3
Attachment A Amendments to the Redevelopment Plan, the
Redevelopment Project and/or Area Boundary 4
Attachment B Certification of the Chief Executive Officer of the
municipality that the municipality has complied with
all of the requirements of the TIF Statute (the "Act")
during the reporting Fiscal Year. 5
Attachment C Opinion of legal counsel that the municipality is in
compliance with the Act 6
Attachment D Statement setting forth all activities undertaken in
furtherance of the objectives of the Redevelopment Plan 8
Attachment E Description of Agreements Regarding Property Disposition
or Redevelopment 9
Attachment F Additional Information on Uses of Funds Related to Achieving
Objectives of the Redevelopment Plan 10
Attachment G Information Regarding Contracts with TIF Consultants 11
Attachment H Reports Submitted by Joint Review Board 12
Attachment I Summary of any obligations issued by the municipality and
official statements 13
Attachment J Financial Analysis: TIF Obligations 14
Attachments For special tax allocation funds that have experienced cumulative
K and L deposits of incremental tax revenues of $100,000 or more, a
certified audit report reviewing compliance with the Act .
15
CITY OF DES PLAINES TIF DISTRICT #4 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2014 AND ENDING DECEMBER 31, 2014
SECTION TITLE PAGE
Attachment Intergovernmental Agreements 16
M
3.1 Analysis of Special Tax Allocation Fund 17
3.2 Itemized List of Expenditures from Special Tax
Allocation Fund
3.3 Special Tax Allocation Fund Balance (end of
reporting period)
19
24
4.0 Property purchased by the municipality within the
Redevelopment Project Area 26
5.0 Review of Public and Private Investment 28
6.0 Optional Sections 30
Exhibit A
Exhibit B
Exhibit C
TIF Termination Ordinance
Joint Review Board Minutes
Audit and Compliance Letter
CITY OF DES PLAINES TIF DISTRICT #4 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2014 AND ENDING DECEMBER 31, 2014
Section 1. Name of Redevelopment Project Area and Contact Information
Refer to chart attached.
CITY OF DES PLAINES TIF DISTRICT #4 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2014 AND ENDING DECEMBER 31, 2014
FY 2014
ANNUAL TAX INCREMENT FINANCE
REPORT
Name of Municipality: Des Plaines
County: Cook
Unit Code: 016/140/30
Reporting Fiscal Year:
Fiscal Year End:
2014
12/31/2014
TIF Administrator Contact Information
First Name: Michael
Address: 1420 Miner Street
Telephone: 847/391-5488
Mobile na
Mobile
Provider
na
Last Name: Bartholomew
Title: City Manager
City: Des Plaines
Zip:
60016
E-mail mbartholomew as desolaines.org
Best way to x Email x Phone
contact Mobile Mail
1 attest to the best of my knowledge, this report of the redevelopment project areas in: CityNillage of
Des Plaines
is complete and accurate at the end of this reporting Fiscal year under the Tax Increment Allocation Redevelopment Act
165 ILCS 5/11-74.4-3 eL sea.1 Or the Industrial Jobs Recovery Law 165 ILCS 5/11-74.6-10 et. sea.1
Written signature oT TIF Administator
Date
Section 1 (65 ILCS 5/11-74.4-5 (d) (1.5) and 65 ILCS 5/11-74.6-22 (d) (1.5)*)
FILL OUT ONE FOR EACH TIF DISTICT
Name of Redevelopment Project Area
Date Designated
Date Terminated
TIF No. 1 Downtown
7/15/1985
TIF No. 3 Willie Road Mt. Prospect Road
8/7/2000
TIF No. 4 Five Corners Rand Road*
10/2006
11/19/2014
TIF No. 5 Lee Street Perry Street
4/21/2001
TIF No. 6 Mannheim - Higgins Road
10/15/2001
TIF No. 7 Higgins Road and Pratt Avenue
10/20/2014
*Ail statutory citations refer to one of two sections of the Illinois Municipal Code: the Tax increment Allocation
Redevelopment Act [65 ILCS 5/11-74.4-3 et. seq.] or the Industrial Jobs Recovery Law [65 ILCS 5/11-74.6-10 et. sec{.]
2
SECTION 2 [Sections 2 through 5 must be completed for each redevelopment project area listed in Section 1j
FY 2014
Name of Redevelopment Project Area: TIF 4 Five Corners
Primary Use of Redevelopment Project Area*: commercial Mixed Use
If "Combination/Mixed" List Component Types: Commercial Retail Res.
Under which section of the Illinois Municipal Code was Redevelopment Project Area designated? (check one):
Tax Increment Allocation Redevelopment Act _x_ Industrial Jobs Recovery Law
* Types include: Central Business District, Retail, Other Commercial, Industrial, Residential, and Combination/Mixed.
3
No
Yes
Were there any amendments to the redevelopment plan, the redevelopment project area, or the State
Sales Tax Boundary? [65 ILCS 5/11-74.4-5 (d) (1) and 5/11-74.6-22 (d) (1)]
If yes, please enclose the amendment labeled Attachment A
X
Certification of the Chief Executive Officer of the municipality that the municipality has complied with all
of the requirements of the Act during the preceding fiscal year. [65 ILCS 5/11-74.4-5 (d) (3) and 5/11-74.6
22 (d) (3)]
Please enclose the CEO Certification labeled Attachment B
X
Opinion of legal counsel that municipality is in compliance with the Act. [65 ILCS 5/11-74.4-5 (d) (4) and
5/11-74.6-22 (d) (4)]
Please enclose the Legal Counsel Opinion labeled Attachment C
X
Were there any activities undertaken in furtherance of the objectives of the redevelopment plan,
including any project implemented in the preceding fiscal year and a description of the activities
undertaken? [65 ILCS 5/11-74.4-5 (d) (7) (A and B) and 5/11-74.6-22 (d) (7) (A and B)]
If yes, please enclose the Activities Statement labeled Attachment D
X
Were any agreements entered into by the municipality with regard to the disposition or redevelopment
of any property within the redevelopment project area or the area within the State Sales Tax Boundary?
[65 ILCS 5/11-74.4-5 (d) (7) (C) and 5/11-74.6-22 (d) (7) (C)]
If yes, please enclose the Agreement(s) labeled Attachment E
X
Is there additional information on the use of all funds received under this Division and steps taken by the
municipality to achieve the objectives of the redevelopment plan? [65 ILCS 5/11-74.4-5 (d) (7) (D) and
5/11-74.6-22 (d) (7) (D)]
If yes, please enclose the Additional Information labeled Attachment F
X
Did the municipality's TIF advisors or consultants enter into contracts with entities or persons that have
received or are receiving payments financed by tax increment revenues produced by the same TIF? [65
ILCS 5/11-74.4-5 (d) (7) (E) and 5/11-74.6-22 (d) (7) (E)]
If yes, please enclose the contract(s) or description of the contract(s) labeled Attachment G
X
Were there any reports or meeting minutes submitted to the municipality by the joint review board? [65
ILCS 5/11-74.4-5 (d) (7) (F) and 5/11-74.6-22 (d) (7) (F)]
If yes, please enclose the Joint Review Board Report labeled Attachment H
X
Were any obligations issued by municipality? [65 ILCS 5/11-74.4-5 (d) (8) (A) and
5/11-74.6-22 (d) (8) (A)]
If yes, please enclose the Official Statement labeled Attachment I
X
Was analysis prepared by a financial advisor or underwriter setting forth the nature and term of
obligation and projected debt service including required reserves and debt coverage? [65 ILCS 5/11-74.4-
5 (d) (8) (B) and 5/11-74.6-22 (d) (8) (B)]
If yes, please enclose the Analysis labeled Attachment J
X
Cumulatively, have deposits equal or greater than $100,000 been made into the special tax allocation
fund? 65 ILCS 5/11-74.4-5 (d) (2) and 5/11-74.6-22 (d) (2)
If yes, please enclose Audited financial statements of the special tax allocation fund
labeled Attachment K
X
Cumulatively, have deposits of incremental revenue equal to or greater than $100,000 been made into
the special tax allocation fund? [65 ILCS 5/11-74.4-5 (d) (9) and 5/11-74.6-22 (d) (9)]
If yes, please enclose a certified letter statement reviewing compliance with the Act labeled
Attachment L
X
A list of all intergovernmental agreements in effect in FY 2010, to which the municipality is a part, and an
accounting of any money transferred or received by the municipality during that fiscal year pursuant to
those intergovernmental agreements. [65 ILCS 5/11-74.4-5 (d) (10)]
If yes, please enclose list only of the intergovernmental agreements labeled Attachment M
X
* Types include: Central Business District, Retail, Other Commercial, Industrial, Residential, and Combination/Mixed.
3
Attachment A Amendments to the Redevelopment Plan, the Redevelopment Project
and/or the Area Boundary
There were no amendments to the Redevelopment Plan or to the Redevelopment Project Area
within the reporting Fiscal Year as the City terminated the TIF District and the termination
ordinance is attached as Exhibit A.
CITY OF DES PLAINES TIF DISTRICT #4 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2014 AND ENDING DECEMBER 31, 2014
4
Attachment B Certification of the Chief Executive Officer of the municipality that the
municipality has complied with all of the requirements of the Act during the
reporting Fiscal Year.
Re: City of Des Plaines Certificate of Compliance
Tax Increment Financing District #4 — Five Comers — Rand/River Rd. Redevelopment
Project Area
For Fiscal Year Ending December 31, 2014
I, Matthew J. Bogusz, the duly elected Chief Executive Officer of the City of Des
Plaines, County of Cook, State of Illinois, do hereby certify that to the best of my knowledge, the
City of Des Plaines complied with the requirements pertaining to the Illinois Tax Increment
Redevelopment Alloca ' .n Act during the fiscal year beginning January 1, 2014 and ending
December 31, 2014.
MAYOR
t1 VVAus-1 101 c9 ®1
ATE
CITY OF DES PLAINES TIF DISTRICT #4 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2014 AND ENDING DECEMBER 31, 2014
5
Attachment C Opinion of legal counsel that the municipality has complied with the Act.
CITY OF DES PLAINES TIF DISTRICT #4 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2014 AND ENDING DECEMBER 31, 2014
6
RE: Attorney Review City of Des Plaines TIF District #4
To Whom It May Concern:
This will confirm that I am the General Counsel for the City of Des Plaines, Illinois. I have
reviewed all information provided to me by the City staff and consultants, and I find that the City
of Des Plaines has conformed to all applicable requirements of the Illinois Tax Increment
Redevelopment Allocation Act set forth thereunder for the fiscal year beginning January 1, 2014
and ending December 31, 2014, to the best of my knowledge and belief.
Sincerely,
diAA,1
CITY OF DES PLAINES TIF DISTRICT #4 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY I, 2014 AND ENDING DECEMBER 3I, 2014
7
Attachment D Statement setting forth all activities undertaken in furtherance of the objectives of
the Redevelopment Plan, including any project implemented in the preceding
fiscal year and a description of the activities undertaken [65 ILCS 5/11-74.4-
5(d)(7)(A & B) and 5/11-74.6-22(d)(7)(A & B)]
TIF #4
This TIF Redevelopment Plan and Project Area was established in October, 2006
and is located generally at the intersection of Rand and River Roads in north -
central Des Plaines.
The Redevelopment Project Area was established due to the area's underutilized
potential and location adjacent to several arterial streets. The City has designated
the area as suitable for redevelopment of mixed uses including, residential,
commercial and retail. During FY 2007, the City hired a consulting firm to create
a mixed use plan among several improvement and development options for the
area and conducted appraisals on certain properties. The resulting Comprehensive
Redevelopment Plan for the TIF district was completed in 2009 and forms the
basis for future redevelopment plans for the area.
Given the continued loss in property valuation in relation to the base TIF
valuation over the last several years due to the economic downturn, the Mayor
and City Council voted to approve the termination of the TIF district on
November 17, 2014.
CITY OF DES PLAINES TIF DISTRICT #4 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2014 AND ENDING DECEMBER 31, 2014
8
Attachment E Description of any agreements entered into by the municipality with
regard to the disposition or redevelopment of any property within the redevelopment project area
or the area within the State Sales Tax Boundary [65 ILCS 5/11-74.4-5(d)(7)(C) and 5/11-74.6-
22(d)(7)(C)]
TIF #4
There were no new redevelopment agreements approved for this area in the reporting
fiscal year.
CITY OF DES PLAINES TIF DISTRICT #4 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2014 AND ENDING DECEMBER 31, 2014
9
Attachment F Additional Information on use of all funds received under this Division and steps
taken by the municipality to achieve the objectives of the redevelopment plan [65 ILCS 5/11-
74.4-5 (d)(7)(D) and 5/11-74.6-22 (d)(7)(D)]
Not applicable..
CITY OF DES PLAINES TIF DISTRICT #4 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2014 AND ENDING DECEMBER 31, 2019
10
Attachment G Information regarding contracts that TIF advisors or consultants have entered
into with entities or persons receiving payments financed by tax increment revenues produced by
the same TIF [65 ILCS 5/11-74.4-5 (d)(7)(E) and 5/11-74.6-22 (d)(7)(E)]
The City utilized the services of Kane, McKenna and Associates, Inc. during the previous fiscal
year in order to assist in monitoring the TIF Districts regarding their financial condition, with
respect to the annual JRB meeting and with respect to development project negotiations. Fees
were based upon hourly rates for services rendered and did not include contingent payments.
These fees were included in the City's annual anticipated budgets and did not exceed the City's
estimates.
CITY OF DES PLAINES TIF DISTRICT #4 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2014 AND ENDING DECEMBER 31, 2014
11
Attachment H Reports Submitted by Joint Review Board.
No reports were submitted by the Joint Review Board. The Board met on November 5, 2014.
Minutes of the meeting are attached as Exhibit B.
CITY OF DES PLAINES TIF DISTRICT #9 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2014 AND ENDING DECEMBER 31, 2014
12
Attachment I Summary of any obligations issued by the municipality and official statements
No new obligations were issued by the City in the reporting Fiscal Year.
CITY OF DES PLAINES TIF DISTRICT #4 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2014 AND ENDING DECEMBER 31, 2014
13
Attachment J Financial Analysis: TIF Obligations
Not applicable.
CITY OF DES PLAINES TIF DISTRICT #4 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2014 AND ENDING DECEMBER 31, 2014
14
Attachments K and L
For special tax allocation funds that have experienced cumulative deposits of incremental tax
revenues of $100,000 or more, a certified audit report reviewing compliance with the Act
performed by an independent public accountant certified and licensed by the authority of the
State of Illinois. The audit report shall contain a letter from the independent certified public
accountant indicating compliance or noncompliance with the requirements of subsection (q) of
Section 11-74.4-3.
Relevant portions of the City's audit and the compliance letter are attached as Exhibit C.
CITY OF DES PLAINES TIF DISTRICT #4 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2014 AND ENDING DECEMBER 31, 2014
15
Attachment M Intergovernmental Agreements
Not applicable.
CITY OF DES PLAINES TIF DISTRICT #4 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2014 AND ENDING DECEMBER 31, 2014
16
Section 3.1 Analysis of Special Tax Allocation Fund
Refer to table attached.
CITY OF DES PLAINES TIF DISTRICT #4 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2014 AND ENDING DECEMBER 31, 2014
SECTION 3.1 - (65 ILCS 5/11-74.4-5 (d) (5) and 65 ILCS 5/11-74.6-22 (d) (5))
Provide an analysis of the special tax allocation fund.
FY 2014
TIF NAME: TIF No. 4 Five Corners
Fund Balance at Beginning of Reporting Period
$ 484,606
Revenue/Cash Receipts Deposited in Fund During Reporting FY:
Reporting Year
Cumulative*
% of Total
Property Tax Increment
$ 1,764,679
89%
State Sales Tax Increment
0%
Local Sales Tax Increment
0%
State Utility Tax Increment
0%
Local Utility Tax Increment
0%
Interest
$ 1,375
0%
Land/Building Sale Proceeds
0%
Bond Proceeds
0%
Transfers from Municipal Sources
$ 215,196
$ 215,193
11%
Private Sources
0%
Other (identify source ; if multiple other sources, attach
-
0%
schedule)
Total Amount Deposited in Special Tax Allocation
Fund During Reporting Period
Cumulative Total Revenues/Cash Receipts
Total Expenditures/Cash Disbursements (Carried forward from Section 3.2)
Distribution of Surplus
Total Expenditures/Disbursements
NET INCOME/CASH RECEIPTS OVER/(UNDER) CASH DISBURSEMENTS
FUND BALANCE, END OF REPORTING PERIOD*
*must be completed where 'Reporting Year' is
populated
$ 215,196
$ 1,981,247
100%
$ 699,802
$ 699,802
$
* if there is a positive fund balance at the end of the reporting period, you must complete Section 3.3
SURPLUS*/(DEFICIT)(Carried forward from Section 3.3)
18
$
Section 3.2 Itemized List of Expenditures from Special Tax Allocation Fund
Refer to tables attached.
CITY OF DES PLAINES TIF DISTRICT #4 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2014 AND ENDING DECEMBER 31, 2014
19
SECTION 3.2 A- (65 ILCS 5/11-74.4-5 (d) (5) and 65 ILCS 5/11-74.6-22 (d) (5))
FY 2014
TIF NAME: TIF No. 4 Five Corners
ITEMIZED LIST OF ALL EXPENDITURES FROM THE SPECIAL TAX ALLOCATION FUND
(by category of permissible redevelopment cost, amounts expended during reporting period)
FOR AMOUNTS >$10,000 SECTION 3.2 B MUST BE COMPLETED
Category of Permissible Redevelopment Cost [65 ILCS 5/11-74.4-3 (q) and 65 ILCS 5/11-74.6-
10 (o)]
Amounts
Reporting Fiscal Year
1. Costs of studies, administration and professional services—Subsections (q)(1) and (o) (1)
Professional Services
15,364
Transfers cost reimbursements
40,487
55,851
2. Cost of marketing sites—Subsections (q)(1.6) and (o)(1.6)
3. Property assembly, demolition, site preparation and environmental site improvement costs.
Subsection (q)(2), (o)(2) and (o)(3)
$
4. Costs of rehabilitation, reconstruction, repair or remodeling of existing public or private buildings.
Subsection (q)(3) and (o)(4)
Public Improvements
643,951
643,951
5. Costs of construction of public works and improvements. Subsection (q)(4) and (o)(5)
6. Costs of removing contaminants required by environmental laws or rules (o)(6) - Industrial Jobs
Recovery TIFs ONLY
20
SECTION 3.2 A
PAGE 2
7. Cost of job training and retraining, including "welfare to work" programs Subsection (q)(5), (o)(7)
and (o)(12)
8. Financing costs. Subsection (q) (6) and (o)(8)
9. Approved capital costs. Subsection (q)(7) and (o)(9)
10. Cost of Reimbursing school districts for their increased costs caused by TIF assisted housing
projects. Subsection (q)(7.5) - Tax Increment Allocation Redevelopment TIFs ONLY
11. Relocation costs. Subsection (q)(8) and (o)(10)
12. Payments in lieu of taxes. Subsection (q)(9) and (o)(11)
13. Costs of job training, retraining advanced vocational or career education provided by other
taxing bodies. Subsection (q)(10) and (o)(12)
21
SECTION 3.2 A
PAGE 3
14. Costs of reimbursing private developers for interest expenses incurred on approved
redevelopment projects. Subsection (q)(11)(A-E) and (o)(13)(A-E)
15. Costs of construction of new housing units for low income and very low-income households.
Subsection (q)(11)(F) - Tax Increment Allocation Redevelopment TIFs ONLY
16. Cost of day care services and operational costs of day care centers. Subsection (q) (11.5) - Tax
Increment Allocation Redevelopment TIFs ONLY
TOTAL ITEMIZED EXPENDITURES
699,802
22
Section 3.2 B
FY 2014
TIF NAME: TIF No. 4 Five Corners
List all vendors, including other municipal funds, that were paid in excess of $10,000 during the current reporting year.
There were no vendors, including other municipal funds, paid in excess of
$10,000 during the current reporting period.
Name
Service
Amount
Orange Crush
Cook County of Illinois
2013 CIP Contract A - Contractor
Watermain Des Plaines River Road
from Golf to UPRR
Property Tax Refund
616,959.52
26, 702.41
23
Section 3.3 Special Tax Allocation Fund Balance (end of reporting period).
Refer to table attached.
CITY OF DES PLAINES TIF DISTRICT #4 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2014 AND ENDING DECEMBER 31, 2014
24
SECTION 3.3 - (65 ILCS 5/11-74.4-5 (d) (5) 65 ILCS 11-74.6-22 (d) (5))
Breakdown of the Balance in the Special Tax Allocation Fund At the End of the Reporting Period
FY 2014
TIF NAME: TIF No. 4 Five Corners
FUND BALANCE, END OF REPORTING PERIOD
1. Description of Debt Obligations
$
Amount of Original
Issuance
Amount Designated
Total Amount Designated for Obligations
2. Description of Project Costs to be Paid
$
$
Total Amount Designated for Project Costs
TOTAL AMOUNT DESIGNATED
SURPLUS*/(DEFICIT)
$
$
$
* NOTE: If a surplus is calculated, the municipality may be required to repay the amount to overlapping taxing
25
Section 4.0 A description of all property purchased by the municipality within the
Redevelopment Project Area including:
A. Street Address
B. Approximate size or description of property
C. Purchase Price
D. Seller of property
Refer to table attached.
CITY OF DES PLAINES TIF DISTRICT #4 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2014 AND ENDING DECEMBER 31, 2014
26
SECTION 4 [65 ILCS 5/11-74.4-5 (d) (6) and 65 ILCS 5/11-74.6-22 (d) (6)]
FY 2014
TIF NAME: TIF No. 4 Five Corners
Provide a description of all property purchased by the municipality during the reporting fiscal year within the
redevelopment project area.
_X_ No property was acquired by the Municipality Within the Redevelopment Project Area
Property Acquired by the Municipality Within the Redevelopment Project Area
Property (1):
Street address:
Approximate size or description of property:
Purchase price:
Seller of property:
Property (2):
Street address:
Approximate size or description of property:
Purchase price:
Seller of property:
Property (3):
Street address:
Approximate size or description of property:
Purchase price:
Seller of property:
Property (4):
Street address:
Approximate size or description of property:
Purchase price:
Seller of property:
27
Section 5.0 Review of Public and Private Investment.
Refer to table attached.
CITY OF DES PLAINES TIF DISTRICT #4 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2014 AND ENDING DECEMBER 31, 2014
28
SECTION 5 - 65 ILCS 5/11-74.4-5 (d) (7) (G) and 65 ILCS 5/11-74.6-22 (d) (7) (G)
PAGE 1
FY 2014
TIF NAME: TIF No. 4 Five Corners
SECTION 5 PROVIDES PAGES 1-3 TO ACCOMMODATE UP TO 25 PROJECTS. PAGE 1 MUST BE INCLUDED WITH TIF
REPORT. PAGES 2-3 SHOULD BE INCLUDED ONLY IF PROJECTS ARE LISTED ON THESE PAGES
Check here if NO projects were undertaken by the Municipality Within the Redevelopment Project Area: None
ENTER total number of projects undertaken by the Municipality Within the Redevelopment Project Area
and list them in detail below*.
TOTAL:
11/1/99 to Date
Estimated Investment
for Subsequent Fiscal
Year
Total Estimated to
Complete Project
Private Investment Undertaken (See Instructions)
Public Investment Undertaken
Ratio of Private/Public Investment
0
Project 1: *IF PROJECTS ARE LISTED NUMBER MUST BE ENTERED ABOVE
Project 2:
Private Investment Undertaken (See Instructions)
Public Investment Undertaken
Ratio of Private/Public Investment
0
0
Project 2:
Private Investment Undertaken (See Instructions)
Public Investment Undertaken
Ratio of Private/Public Investment
0
0
Project 3:
Private Investment Undertaken (See Instructions)
Public Investment Undertaken
Ratio of Private/Public Investment
0
0
Project 4:
Private Investment Undertaken (See Instructions)
Public Investment Undertaken
Ratio of Private/Public Investment
0
0
Project 5:
Private Investment Undertaken (See Instructions)
Public Investment Undertaken
Ratio of Private/Public Investment
0
0
Project 6:
Private Investment Undertaken (See Instructions)
Public Investment Undertaken
Ratio of Private/Public Investment
0
0
Optional: Information in the following sections is not required by law, but would be helpful in evaluating the performance
of TIF in Illinois. *even though optional MUST be included as part of complete TIF report
SECTION 6
FY 2014
TIF NAME: TIF No. 4 Five Corners
Provide the base EAV (at the time of designation) and the EAV for the year reported for the redevelopment project area
Year redevelopment
project area was
designated
Base EAV
Reporting Fiscal Year
EAV
2006
$ 41,795,774
$ 31,658,142
List all overlapping tax districts in the redevelopment project area.
If overlapping taxing district received a surplus, list the surplus.
_X_ The overlapping taxing districts did not receive a surplus.
Overlapping Taxing District
Surplus Distributed from redevelopment
project area to overlapping districts
Description and Type
(Temporary or
Permanent) of Jobs
$ -
$ -
$ -
$ -
$
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
SECTION 7
Provide information about job creation and retention
Number of Jobs
Retained
Number of Jobs
Created
Description and Type
(Temporary or
Permanent) of Jobs
Total Salaries Paid
$ -
$ -
$ -
$ -
$ -
$ -
$ -
SECTION 8
Provide a general description of the redevelopment project area using only major boundaries:
Optional Documents
Enclosed
Legal description of redevelopment project area
Map of District
30
EXHIBIT A
CITY OF DES PLAINES
TAX INCREMENT FINANCING DESDISTRICT
kkl PLAINES
" ANNUAL JOINT REVIEW BOARD MEETING MINUTES
IOIS
�. Groff.
NOVEWMBER 5, 2014
I.
Welcome by City Representative
George Sakas introduced himself & welcomed everyone to today's meeting.
II. Call to Order
George Sakas opened the meeting at 10 a.m. at City Hall, 1420 Miner Street, Room
101, Des Plaines, IL
III. Roll Call (in attendance)
Michael Bartholomew
Mary Kalou
Walter Kazmierczak
Karen Stephens
Nelson Gray
Bill Dussling
Sherry Koerner
Ruth Gloede
George Giese
John Bellows
Don Miletic
Katie Skibbe
Barry Collins
Also Attended:
George Sakas
Dorothy Wisniewski
Linda Krania
Jon Duddles
Dick Sayad
Chan Yu
Lauren Griffin
Bob Rychlicki
Gale Cerabona
City of Des Plaines, City Manager
Assistant Superintendent, School District 207
Trustee, Maine Township
Rosemont Park District, Director of Parks & Recreation
Assistant Superintendent, School District 62
School Board President, School District 214
Director of Business Services, School District 214
Assistant Superintendent, School District 59
FOIA Officer, Mt. Prospect Park District
Human Resources, Mt. Prospect
Executive Director, Des Plaines Park District
Superintendent of Business, Des Plaines Park District
Public Member
Director of Community & Econ. Dev., City of Des Plaines
Director of Finance, City of Des Plaines
Director of Media, City of Des Plaines
Asst. Dir. of Publ. Works&Engineering, City of Des Plaines
Alderman / City Council, City of Des Plaines
Associate Planner, City of Des Plaines
Administrative Assistant, City of Des Plaines
Kane McKenna & Associates, Inc. / TIF Consultant
Recording Secretary
IV. Election/Confirmation of Public Member
A motion was made by Michael Bartholomew, seconded by Don Miletic, to elect &
confirm Barry Collins as Public Member for the meeting.
On a voice vote:
AYES: All
NAYS: None
Motion: CARRIES
V. Election/Confirmation of Chair
A motion was made by Michael Bartholomew, seconded by Barry Collins, to elect
and confirm Director, George Sakas, as Chair for the meeting.
On a voice vote:
AYES: All
NAYS: None
Motion: CARRIES
VI. Approval of Minutes of Previous Joint Review Board Meetings
George Sakas advised today's agenda includes the TIF 6&7 minutes (2013 & 2014).
A motion was made by Nelson Gray, seconded by Barry Collins, to approve the
August 27, 2013, minutes with correction of typo on page 3, under TIF District No. 1,
3d paragraph, to be spelled as "main".
On a voice vote:
AYES: All
NAYS: None
Motion: CARRIES
A motion was made by Mary Kalou, seconded by Michael Bartholomew, to approve
the August 20, 2014, minutes for TIF District Nos. 6 & 7.
On a voice vote:
AYES: All
NAYS: None
ABSTAIN: Dussling
Motion: CARRIES
VII. Review of Activities in District
George Sakas stated he wishes to rearrange the agenda to begin with TIF District No.
3. There were no objections.
TIF District No. 3 Overview
Bob Rychlicki stated the format is the same regarding content (State Comptroller's
Office provides report to City of Des Plaines).
Certifications were noted (Section 1). Certifications were identified from the Mayor
(page 7) & the City Attorney (page 9). Exhibit C (or D) was referenced along with the
City's audit; dollars are spent in compliance.
Activities were noted (Section 2). There were no amendments. Debt, refunding issue
were noted.
In the last component of the report (page 18), the City identified fiscal activity.
$489,000 TIF revenue was received, bonds are at $579,937 for an approximate total
of $1,069.000. 95% is utilized for debt services. Revenues were noted.
Equalized Assessed Value/EAV is noted (page 30); a 35 -year TIF assessed valuation
is just over $10 million.
Ruth Gloede stated/asked:
• in 2011, it was 12.4, in 2012 it was 11.1, and in 2014 it's 10.0 which is not
unusual; Bob Rychlicki concurred.
• asked if there are new incentives for industrial properties. Michael
Bartholomew stated — not at this time; 2 incentives are already in place.
• asked about the following, & Dorothy Wisniewski responded:
Bond Type AA2
Interest Rate 5.85% originally, now 2.25%
Bill Dussling asked:
• if redevelopment of the TIF is complete. Bob Rychlicki responded — yes
• if the original TIF was for 14 years, and it's now 35 years. Bob Rychlicki
advised — yes
• if this TIF is contiguous with others. Bob Rychlicki responded — no
George Sakas asked if there were any questions; there were none.
TIF District No. 1 Overview
Bob Rychlicki noted certifications are the same. From 1/31/2013-12/31/2013, there
were no amendments, no redevelopments, & no bond issues. TIF District No. 3 was
included. The City took on various projects (pages 18-19).
This is the City's oldest & largest TIF (land mass & tax parcels) -- $4,797.68.
Amounts for utilization were contractual. Public improvements, new construction
total $6,796,374.
The City's obligations were noted (page 26); outstanding bonds & new projects (page
41). Base EAV is over $20 million; last tax year was over $75 million.
Mary Kalou asked what we billed. Michael Bartholomew advised — it goes from
building storefront to sidewalks to water main work.
Barry Collins asked if this streetscape project will continue in 2014. Jon Duddles
replied -- this is in 7 phases.
Nelson Gray asked if the TIF will end early. Michael Bartholomew responded — this
has not been discussed.
Don Miletic asked if more properties will be purchased. Michael Bartholomew stated
— nothing is on the table.
TIF District No. 4 Overview
Bob Rychlicki stated there was no activity, amendments, refunding, redevelopments,
or acquisitions. This TIF impacts the downturn (page 18); very minimal earnings of
$1,900 + $1 interest. Dollars were based on last year's installment. There is a positive
fund balance.
Base EAV (page 30) was $42 million. Now EAV is below that. No increment is noted
for next year.
George Sakas referred to the October notice indicating the dissolving of the TIF.
Barry Collins asked if there's been any qualifying interest in development. Michael
Bartholomew stated — yes, there was interest early on but no commitment. Bob
Rychlicki noted that financing & interest has dried up.
TIF District No.5 Overview
Bob Rychlicki noted this is the City's smallest district. Has the same series of
certifications. Status quo on the plan. No property acquired.
There has been a downturn (page 18) -- $94,000 last year. City's obligations, bonds
were noted (page 25).
EAV (page 30) is over the base — in excess of $3 million. Property is still occupied;
does cover debt service.
George Sakas asked if there were any questions; there were none.
TIF District No. 6 Overview
George Sakas noted this is a 2013 report.
Bob Rychlicki noted the City amended TIF District No. 6 & added TIF District No. 7
(based on financial downward trend). Same series of certifications. No activities,
redevelopment agreements.
Lack of development (page 18); over $7,000 received. Fiscal activity was noted with
debt service payments. The districts & review prompted the changing of boundaries
& development.
Amendments were noted (page 30).
George Sakas asked if there were any questions.
Nelson Gray asked about the interest rate & Dorothy Wisniewski responded — 2.3%.
VIII. Review of 2013 State Comptroller's Report
There was none.
IX. Questions from Board, Audience Members
There were none.
George Sakas requested the next meeting to be in August, 2015. These TIFs along
with TIF District Nos. 4 & 7 will be included.
X. Adjournment
A motion was made by Michael Bartholomew, seconded by Barry Collins, to adjourn
the meeting at 10:35 a.m.
On a voice vote:
AYES: All
NAYS: None
Motion: CARRIES
Respectfully submitted,
Gale Cerabona
Recording Secretary
EXHIBIT B
Crowe Horwath,
Crowe Horwath LLP
Independent Member Crowe Horwath International
INDEPENDENT ACCOUNTANT'S REPORT ON COMPLIANCE
To the Honorable Mayor
And Members of the City Council
City of Des Plaines, Illinois
Des Plaines, Illinois 60016
We have examined the City of Des Plaines, Illinois', (City's) compliance with the requirements of
subsection (q) of Section 11-74.4-3 of the Illinois Tax Increment Redevelopment Allocation Act during the
year ended December 31, 2014. Management is responsible for the City's compliance with those
requirements. Our responsibility is to express an opinion on the City's compliance based on our
examination.
Our examination was conducted in accordance with attestation standards established by the American
Institute of Certified Public Accountants and accordingly, included examining, on a test basis, evidence
about the City's compliance with those requirements and performing such other procedures as we
considered necessary in the circumstances. We believe our examination provides a reasonable basis for
our opinion. Our examination does not provide a legal determination of the City's compliance with
specified requirements.
In our opinion, the City complied in all material respects, with the aforementioned requirements for the
year ended December 31, 2014.
Crowe Horwath LLP
Oak Brook, Illinois
June 8, 2015
LLP
217.
CITY OF DES PLAINES, ILLINOIS
BALANCE SHEET
GOVERNMENTAL FUNDS
December 31, 2014
ASSETS
Cash and Investments
Receivables (net)
Property Tax Receivable
Other Taxes
Accounts Receivable
Accrued Interest
Other
Due from Other Governments
Advances to Other Funds
TOTAL ASSETS
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES, AND FUND BALANCES
Liabilities
Accounts Payable
Accrued Payroll
Accrued Liabilities
Deposits Payable
Advances from Other Funds
Unearned Revenue
Total Liabilities
Deferred Inflows of Resources
Deferred Property Tax Revenue
Unavailable Other Revenue
Total Deferred Inflows of Resources
Fund Balances
Nonspendable
Long-term Interfund Advances
Restricted
Economic Development
Debt Retirement/Infrastructure
Streets & Highways
Public Safety
Debt Service
Assigned
Infrastructure
Capital Acquisitions
Streets & Highways
Pension Funding
Unassigned
Total Fund Balances
Major Governmental Funds
General
$ 23,982,499
22, 789, 813
1,179,672
1,174,419
265,331
204,076
6,267,850
13,885,051
TIF #6
(Mannheim/
Higgins)
18,461
$ 69,748,711 $ 18,461
$ 1,412,518
1,580,295
110,671
Nonmajor Total
Capital Governmental Governmental
Gaming Tax Projects Funds Funds
$ 34,732,920 $ 3,259,857 $ 14,094,379 $ 76,069,655
33,874 5,213,021 28,055,169
141,448 - 1,321,120
620,646 - 1,795,065
4,541 1,531 271,403
2,611,508 5,138 2,820,722
1,147,255 1,382,804 8,797,909
- 13,885,051
$ 37,348,969 $ 5,203,080 $ 20,696,873 $ 133,016,094
$ 1,956 $ 15,917,018 $ 1,602,341 $ 1,067,630 $ 20,001,463
13,318 2,718 1,596,331
- - 110,671
- 4,075 138,999 143,074
- 8,081,489 3,158,547 11,240,036
229,379 - 229,379
3,332,863 8,083,445 15,917,018 1,619,734 4,367,894 33,320,954
22,743,904
1,589,539
24,333,443
13,885,051
5,950,000
2,300,000
200,000
700,000
19,047,354
15,986
15,986
21,431,951
32,995
32,995
5,080,477 27,873,362
1,601,501 3,191,040
6,681,978 31,064,402
13,885,051
4,247,317 4,247,317
21,431,951
554,995 554,995
2,024,830 2,024,830
457,477 457,477
3,550,351 - 9,500,351
5,593,226 7,893,226
200,000
700,000
(8,080,970) (3,230,844) 7,735,540
42, 082, 405 (8,080,970) 21, 431, 951 3,550,351 9,647,001 68, 630, 738
TOTAL LIABILITIES, DEFERRED INFLOWS
OF RESOURCES, AND FUND BALANCES $ 69,748,711
$ 18,461 $ 37,348,969 $ 5,203,080 $ 20,696,873 $ 133,016,094
See accompanying notes to financial statements. 21.
CITY OF DES PLAINES, ILLINOIS
RECONCILIATION OF GOVERNMENTAL FUNDS BALANCE SHEET
TO THE STATEMENT OF NET POSITION
December 31, 2014
Total Fund Balances - Governmental Funds $ 68,630,738
Amounts reported for governmental activities in the statement of net position are different because:
Capital assets used in governmental activities are not financial resources and therefore
are not reported in the funds:
Capital Assets
Accumulated Depreciation
Net Capital Assets
Some receivables that are not currently available are reported as deferred inflows of
resources in the fund financial statements but are recognized as revenue when earned
in the government -wide statements.
Gains/Losses related to the refunding of long-term debt are deferred and amortized
over the life of the debt issue in the statement of net position.
Generally, interest on long-term debt is not accrued in governmental funds, but rather is
recognized when due.
The net pension assets of the police and firefighters pension funds are included in the
governmental activities in the statement of net position.
Some liabilities reported in the statement of net position do not require the use of current
financial resources and therefore are not reported as liabilities in governmental funds.
These liabilities consist of:
$ 305,059,302
(107,812,854)
Compensated Absences Payable (2,364,367)
General Obligation Bonds Payable (7,020,000)
TIF General Obligation Bonds Payable (33,658,625)
TIF Revenue Bonds Payable (423,590)
Unamortized Bond Premiums & Discounts (386,636)
Installment Notes Payable (187,500)
Other Post Employment Benefits (OPEB) (2,084,329)
Net Pension Obligation - IMRF (250,205)
Total Long-term Liabilities
197,246,448
3,191,040
541,551
(83,013)
2,017,516
(46,375,252)
Internal service funds are reported in the Statement of Net Position as Governmental Activities. 5,003,107
Net Position of Governmental Activities $ 230,172,135
See accompanying notes to financial statements. 22.
CITY OF DES PLAINES, ILLINOIS
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
GOVERNMENTAL FUNDS
Year Ended December 31, 2014
Revenues
Property Taxes
Other Taxes
Licenses and Permits
Intergovernmental
Public Charges for Services
Fines, Forfeitures and Penalties
Investment Income
Miscellaneous
Total Revenues
Expenditures
Current
General Government
Public Safety
Public Works
Streets and Highways
Economic Development
Debt Service
Principal
Interest and Fiscal Charges
Capital Outlay
Total Expenditures
Excess (Deficiency) of Revenues
over (under) Expenditures
Other Financing Sources (Uses)
Transfer In
Transfer Out
Issuance of Debt
Payment to Refunding Bond Escrow
Premium on Bond Issuance
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances at Beginning of Year
Fund Balances at End of Year
Major Governmental Funds
General
$ 22,900,148
12,248,695
3,331,833
19, 559,114
5,065,526
1,306,106
11,112
432,138
64, 854, 672
7,531,642
38,649,791
5,232,228
5,497,717
642,461
57, 553, 839
7,300,833
342,257
(9,201,298)
TIF #6
(Mannheim/
Higgins)
Gaming Tax
$ 9,550 $ -
24,792,544
149
26,795
9,699 24,819,339
48,418
955,000
234,697
1,238,115
(1,228,416)
(49,527)
2,020,000
(6,440,489)
1,707
15,917,018
15,917,018
8,902,321
Nonmajor
Capital Governmental
Projects Funds
$ 32,151 $ 5,551,655
6,075,436 108,505
25,701 5,124,794
2,221,419 -
32,963
2,182 33,558
85,215 3,757
Total
Governmental
Funds
$ 28,493,504
43,225,180
3,331,833
24,709,609
7,286, 945
1,339,069
73,796
521,110
8,442,104 10, 855,232 108, 981, 046
973,518
5,395,000
441,522
8,469,063
283,036 23,731,696
189,337 38,839,128
6,205,746
1,475,748 6,973,465
1,547,972 2,238,851
1,801,298
648,920
6,749,514
8,151,298
1,325,139
15,218, 577
15,279,103 12,695, 825 102,683, 900
(6,836,999) (1,840,593) 6,297,146
6,895,000 3,833,250 11,070,507
(1,745,000) (74,152) (251,972) (11,321,949)
2,880,000 2,720,000 7,620,000
(2,924,139) (6,358,971) (15,723,599)
81,567 77,035 160,309
(8,859,041) (4,468,309) (1,745,000) 6,858,276 19,342 (8,194,732)
(1,558,208) (5,696,725) 7,157,321 21,277 (1,821,251) (1,897,586)
43,640,613 (2,384,245) 14,274,630 3,529,074 11,468,252 70,528,324
$ 42,082,405 $ (8,080,970) $ 21,431,951 $ 3,550,351 $ 9,647,001 $ 68,630,738
See accompanying notes to financial statements. 23.
NONMAJOR GOVERNMENTAL FUNDS
Special Revenue Funds are governmental funds used to account for the proceeds of specific revenue
sources that are legally restricted to expenditures for particular purposes.
• Motor Fuel Tax Fund — to account for the City's share of restricted state gasoline taxes. All
projects require the advance approval of the Illinois Department of Transportation.
• Community Development Block Grant Fund - to account for the disbursement of the restricted
Federal Community Block Grant. Financing is provided by the Federal Government.
• Asset Seizure Fund — to account for the restricted monies received from the federal, state, and
county related to the seizure of assets by the Des Plaines Police Department.
• Foreign Fire Insurance Tax Fund — to account for restricted monies received from the foreign fire
insurance tax, and disbursements by the Foreign Fire Insurance Tax Board.
• TIF Tax Allocation #1 Fund — to account for restricted revenues and expenditures related to the
tax increment finance district located downtown.
• TIF Tax Allocation #3 Fund — to account for restricted revenues and expenditures related to the
tax increment finance district located near Wille Road.
• TIF Tax Allocation #4 Fund — to account for restricted revenues and expenditures related to the
tax increment finance district located near Five Corners.
• TIF Tax Allocation #5 Fund — to account for restricted revenues and expenditures related to the
tax increment finance district located near Lee and Perry Streets in downtown Des Plaines.
• TIF Tax Allocation # 7 Fund — to account for restricted revenues and expenditures related to the
tax increment finance district located near Higgins Road and Pratt Avenue. There was no activity
or budget for this fund in 2014.
• Grant Funded Projects Fund — to account for restricted revenues and expenditures related to the
Public Safety, Capital and other miscellaneous grants.
Debt Service Funds are governmental funds used to account for the accumulation of resources and the
payment of general long-term debt principal, interest, and related costs.
• Debt Service Fund — to accumulate monies for payment of principal and interest on long-term
general obligation debt of governmental funds.
Capital Project Funds are used to account for the acquisition and construction of major capital facilities
other that those financed by proprietary funds and trust funds.
• Equipment Replacement Fund — to account for the acquisition of major capital equipment (rolling
stock).
• IT Replacement Fund — to account for the replacement of the City's computer and copier
equipment.
CITY OF DES PLAINES, ILLINOIS
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
December 31, 2014
Special Revenue Funds
Community
Motor Fuel Development Asset Foreign Fire TIF #1
Tax Block Grant Seizure Insurance Tax (Downtown)
ASSETS
Cash and Investments $ 809,164 $ 111,194 $ 1,538,776 $ 608,507 $ 4,211,780
Receivables (Net)
Property Taxes - 4,439,915
Accrued Interest 1,531 -
Other 5,138
Due from Other Governments 146,974 20,026 5,722
TOTAL ASSETS $ 956,138 $ 131,220 $ 1,551,167 $ 608,507 $ 8,651,695
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES, AND FUND BALANCES
Liabilities
Accounts Payable
Accrued Liabilities
Deposits Payable
Advances from Other Funds
Total Liabilities
$ 401,143 $ 20,444 $ 14,582 $ $ 280,933
2,718
120,262 18,737
401,143 23,162 134,844 299,670
Deferred Inflows of Resources
Deferred Property Tax Revenue - 4,307,721
Unavailable Other Revenue 275 - -
Total Deferred Inflows of Resources 275 4,307,721
Fund Balances
Restricted
Economic Development 107,783 4,044,304
Streets & Highways 554,995 - -
Public Safety 1,416,323 608,507
Debt Service -
Assigned
Capital Acquisitions -
Unassigned
Total Fund Balances 554,995 107,783 1,416,323 608,507 4,044,304
TOTAL LIABILITIES, DEFERRED INFLOWS
OF RESOURCES, AND FUND BALANCES $ 956,138 $ 131,220 $ 1,551,167 $ 608,507 $ 8,651,695
98.
Special Revenue Funds
Debt Service
Fund
Capital Projects Funds
Total
Nonmajor
TIF #3 TIF #4 TIF #5 Grant Funded Debt Equipment I.T. Governmental
(Wille Road) (Five Corners) (Perry/Lee) Projects Service Replacement Replacement Funds
$ $ $ 95,354 $ 547,263 $ 457,127 $ 5,157,049 $ 558,165 $ 14,094,379
544,569 119,772 108,765 5,213,021
- - - 1,531
- 5,138
1,210,082 1,382,804
$ 544,569 $ $ 215,126 $ 1,757,345 $ 565,892 $ 5,157,049 $ 558,165 $ 20,696,873
$ 726 $ $ 124 $ 227,690 $ - $ 28,110 $ 93,878 $ 1,067,630
- - - - 2,718
- 138,999
3,158,547 3,158,547
3,159,273 124 227,690 28,110 93,878 4,367,894
544,569 119,772 - 108,415 5,080,477
544,569
(3,159,273)
1,601,226 - 1,601,501
119,772 1,601,226 108,415 6,681, 978
95,230
(3,159,273) 95,230
4,247,317
554,995
2,024,830
457,477 457,477
5,128,939 464,287 5,593,226
(71,571) - - (3,230,844)
(71,571) 457,477 5,128,939 464,287 9,647,001
$ 544,569 $ $ 215,126 $ 1,757,345 $ 565,892 $ 5,157,049 $ 558,165 $ 20,696,873
99.
CITY OF DES PLAINES, ILLINOIS
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
Year Ended December 31, 2014
Special Revenue Funds
Community
Motor Fuel Development Asset Foreign Fire TIF #1
Tax Block Grant Seizure Insurance Tax (Downtown)
Revenues
Taxes $ - $ $ - $ 108,505 $ 4,779,373
Intergovernmental 1,955,759 153,317 42,901 - -
Fines, Forfeitures and Penalties 32,963 - -
Investment Income 89 2,700 3,372 564
Miscellaneous 2,757 1,000 -
Total Revenues 1,955,848 153,317 81,321 112,877 4,779,937
Expenditures
Current:
General Government - -
Public Safety - 107,172 82,165
Streets and Highways 1,475,748 - -
Economic Development 145,566 1,386,485
Debt Service
Principal 1,289,798
Interest and Fiscal Charges - - 216,704
Capital Outlay 367,115 1,667 84,770 909,643
Total Expenditures 1,842,863 147,233 191,942 82,165 3,802,630
Excess (Deficiency) of Revenues
over (under) Expenditures 112,985
Other Financing Sources (Uses)
Transfers In
Transfers Out
Issuance of Debt
Payment to Refunding Bond Escrow
Premium on Bond Issuance
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances at Beginning of Year
Fund Balances at End of Year
6,084 (110,621) 30,712 977,307
(205,210)
(3,048,390)
(3,253,600)
112,985 6,084 (110,621) 30,712 (2,276,293)
442,010
101,699 1,526,944 577,795 6,320,597
$ 554,995 $ 107,783 $ 1,416,323 $ 608,507 $ 4,044,304
100.
Special Revenue Funds
Debt Service
Fund
Capital Projects Funds
Total
Nonmajor
TIF #3 TIF #4 TIF #5 Grant Funded Debt Equipment I.T. Governmental
(Wille Road) (Five Corners) (Perry/Lee) Projects Service Replacement Replacement Funds
$ 551,258 $ $ 120,982 $ $ 100,042 $ $ $ 5,660,160
2,972, 817 - 5,124,794
32,963
34 1 17 26,769 12 33,558
3,757
551,292 - 120,983 2,972,834 100,042 26,769 12 10,855,232
229,792 9,626 43,618 283,036
189,337
1,475,748
512 15,364 45 1,547,972
324,000 95,000
386,439 17,937
643,951 -
710,951
2,875,956
659,315 112,982 3,105,748
80,000 12,500 1,801,298
27,840 648,920
892,960 973,452 6,749,514
107,840 915,086
1,017,070 12,695,825
(159,659) (659,315) 8,001 (132,914) (7,798) (888,317) (1,017,058) (1,840,593)
215,196 49,152 2,532,800 1,036,102 3,833,250
(6,275) (40,487) (251,972)
2,720,000 - - 2,720,000
(3,310,581) (6,358, 971)
77,035 77,035
(519,821) 174,709 49,152 - 2,532,800 1,036,102 19,342
(679,480) (484,606) 8,001 (83,762) (7,798) 1,644,483 19,044 (1,821,251)
(2,479,793) 484,606 87,229 12,191 465,275 3,484,456 445,243 11,468,252
$ (3,159,273) $ $ 95,230 $ (71,571) $ 457,477 $ 5,128,939 $ 464,287 $ 9,647,001
101.
CITY OF DES PLAINES, ILLINOIS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
TIF #1 (DOWNTOWN) FUND
Year Ended December 31, 2014
With Comparative Actual Amounts for the Year Ended December 31, 2013
2014
Variance from
Final Budget
Original and Positive
Final Budget Actual (Negative)
2013
Actual
Revenues
Property Taxes $ 4,733,399 $ 4,779,373 $ 45,974 $ 4,797,868
Investment Income 600 564 (36) 1,071
Miscellaneous - 2,144
Total Revenues 4,733,999 4,779,937 45,938 4,801,083
Expenditures
Economic Development
Salaries 6,000 2,530 3,470 6,469
Benefits 809 532 277 992
Contractual Services 1,201,202 700,472 500,730 535,673
Commodities 451,650 682,951 (231,301) 550,477
Capital Outlay 2,550,000 909,643 1,640,357 3,014,901
Total Economic Development 4,209,661 2,296,128 1,913,533 4,108,512
Debt Service
Principal 1,459,797 1,289,798 169,999 1,930,865
Interest and Fiscal Charges 300,076 216,704 83,372 362,765
Total Debt Service 1,759,873 1,506,502 253,371 2,293,630
Total Expenditures 5,969,534 3,802,630 2,166,904 6,402,142
Excess (Deficiency) of Revenues
over (under) Expenditures (1,235,535) 977,307 2,212,842 (1,601,059)
Other Financing Sources (Uses)
Transfer Out (205,210) (205,210) (394,232)
Issuance of Debt 2,990,000
Payment to Refunding Bond Escrow (3,048,390) (3,048,390)
Premium on Bond Issuance - - 90,118
Total Other Financing Sources (Uses) (205,210) (3,253,600) (3,048,390) 2,685,886
Net Change in Fund Balance $ (1,440,745) (2,276,293) $ (835,548) 1,084,827
Fund Balance at Beginning of Year 6,320,597 5,235,770
Fund Balance at End of Year $ 4,044,304 $ 6,320,597
104.
CITY OF DES PLAINES, ILLINOIS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
TIF #3 (WILLE ROAD) FUND
Year Ended December 31, 2014
With Comparative Actual Amounts for the Year Ended December 31, 2013
Revenues
Taxes
Investment Income
Miscellaneous
Total Revenues
Expenditures
Economic Development
Contractual Services
Total Economic Development
Debt Service
Principal
Interest and Fiscal Charges
Total Debt Service
Total Expenditures
Excess (Deficiency) of Revenues
over (under) Expenditures
Other Financing Sources (Uses)
Transfers Out
Issuance of Debt
Payment to Refunding Bond Escrow
Premium on Bond Issuance
Total Other Financing Sources (Uses)
Net Change in Fund Balance
Fund Balance at Beginning of Year
Fund Balance at End of Year
2014
Original and
Final Budget Actual
$ 630,943
10
630,953
10,039
10,039
314,000
397,013
711,013
721,052
$ 551,258
34
Variance from
Final Budget
Positive
(Negative)
2013
Actual
$ (79,685) $
24
551,292 (79,661)
512
512
324,000
386,439
710,439
710,951
(90,099) (159,659)
(6,275)
(6,275)
2,720,000
(3,310,581)
77,035
(6,275) (519,821)
(96,374) (679,480)
(2,479,793)
$ (3,159,273)
9,527
9,527
(10,000)
10,574
574
10,101
(69,560)
2,720,000
(3,310,581)
77,035
(513,546)
(583,106)
489,100
30
405
489,535
6,683
6,683
165,000
409,744
574,744
581,427
(91,892)
(6,260)
565,000
14,532
573,272
481,380
(2,961,173)
$ (2,479,793)
105.
CITY OF DES PLAINES, ILLINOIS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
TIF #4 (FIVE CORNERS) FUND
Year Ended December 31, 2014
With Comparative Actual Amounts for the Year Ended December 31, 2013
2014
Original and
Final Budget Actual
Revenues
Taxes $ 24,797
Investment Income
Total Revenues 24,797
Expenditures
Economic Development
Contractual Services 173,671
Commodities 5,000
Capital Outlay 200,000
Total Expenditures 378,671
Excess (Deficiency) of Revenues
over (under) Expenditures
Other Financing Sources (Uses)
Transfers In
Transfers Out
Total Other Financing Sources (Uses)
Net Change in Fund Balance
Fund Balance at Beginning of Year
Fund Balance at End of Year
(353,874)
(40,487)
(40,487)
394,361)
Variance from
Final Budget
Positive
(Negative)
$ $ (24,797)
13,624
1,740
643,951
(24,797)
160,047
3,260
(443, 951)
659,315 (280,644)
(659,315) (305,441)
215,196 215,196
(40,487)
174,709 215,196
(484,606) $ (90,245)
484,606
2013
Actual
$ 1,901
1
1,902
18,135
45,482
63,617
(61,715)
(45,380)
(45,380)
(107,095)
591,701
$ 484,606
106.
CITY OF DES PLAINES, ILLINOIS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
TIF #5 (PERRY/LEE) FUND
Year Ended December 31, 2014
With Comparative Actual Amounts for the Year Ended December 31, 2013
2014
Variance from
Final Budget
Original and Positive
Final Budget Actual (Negative)
2013
Actual
Revenues
Taxes $ 115,438 $ 120,982 $ 5,544 $ 94,586
Investment Income - 1 1 36
Total Revenues 115,438 120,983 5,545 94,622
Expenditures
Economic Development
Contractual Services 10 45 (35) 1,418
Total Economic Development 10 45 (35) 1,418
Debt Service
Principal 95,000 95,000 90,000
Interest and Fiscal Charges 17,913 17,937 (24) 19,736
Total Debt Service 112,913 112,937 (24) 109,736
Total Expenditures 112,923 112,982 (59) 111,154
Net Change in Fund Balance $ 2,515 8,001 $ 5,486 (16,532)
Fund Balance at Beginning of Year 87,229 103,761
Fund Balance at End of Year $ 95,230 $ 87,229
107.
EXHIBIT C
STATE OF ILLINOIS
COUNTY OF COOK
RECEIVED BY
CO. CLERKS {7mcE
7521314
CLERK'S CERTIFICATE
I, GLORIA J. LUDWIG, do hereby certify that I am the qualified and acting
CITY CLERK* of the City of Des Plaines, Cook County, Illinois, AND THAT AS SUCH, I am
the officer duly designated by law to keep the minutes, ordinances, resolutions and proceedings
of the City Council of the City of Des Plaines.
I further certify that the attached and foregoing copy of ORDINANCE M-36-14;
AN ORDINANCE TERMINATING THE DESIGNATION OF TIF NO. 4 AS A
REDEVELOPMENT PROJECT AREA UNDER THE TAX INCREMENT ALLOCAITON
REDEVELOPMENT ACT AND DISSOLVING THE SPECIAL TAX ALLOCATION FUND
FOR TIF NO. 4 is a true and correct copy of the records of the City of Des Plaines.
IN WITNESS WHEREOF, I hereunto affix my signature and impress hereon the
corporate seal of the said City of Des Plaines, Cook County, Illinois, this 19th day of November
2014.
Bv:
GLORIA J. LUDWIG, City Clerk
City of Des Pla' es; County of:Cook-
/
I EN INQUIST, p City Clerk
City of Des Plaines, County of Cook
*Per the provisions of 65 ILCS 5/3.1-20-5.
of the Illinois Compiled Statues (2012)
CITY OF DES PLAINES
ORDINANCE M - 36 14
AN ORDINANCE TERMINATING THE DESIGNATION OF
TIF NO. 4 AS A REDEVELOPMENT PROJECT AREA
UNDER THE TAX INCREMENT ALLOCATION
REDEVELOPMENT ACT AND DISSOLVING THE
SPECIAL TAX ALLOCATION FUND FOR TIF NO. 4
WHEREAS, on November 6, 2006 the City Council passed, and on November 13, 2006
the Mayor approved: (1) Ordinance M-42-06, approving a redevelopment plan and project; (2)
Ordinance M-43-06, designating a redevelopment project area; and (3) Ordinance M-44-06,
adopting tax increment financing and establishing a special tax allocation fund for the
redevelopment project area known as the "Five Corners TIF District" or "TIF District No. 4" ("TIF
Na 4"), all in accordance with the Illinois Tax Increment Allocation Redevelopment Act, 65 ILCS
5/11-74.4-1 et seq. ("TIFAct"); and
WHEREAS, the redevelopment project area for TIF No. 4 is legally described in Exhibit
A attached to this Ordinance, the general street location for the redevelopment project area for TIF
No. 4 is described in Exhibit B attached to this Ordinance, and the map of the redevelopment
project area for TIF No. 4 is depicted on Exhibit C attached to this Ordinance, all of which exhibits
are, by this reference, made a part of this Ordinance; and
WHEREAS, since the establishment of TIF No. 4, the economy went into recession and
the value of real property within the City and the nation declined; and
WHEREAS, because of these adverse economic conditions, the equalized assessed value
of the properties located within TIF No. 4 has declined and these properties have not generated
incremental property tax revenue ("Tax Increment"), which Tax Increment the City expected
would be available to pay for the redevelopment project costs of TIF No. 4; and
WHEREAS, the City does not currently anticipate that the equalized assessed value of the
properties located within TIF No. 4 will increase sufficiently between now and the expiration of
TIF No. 4 to generate any Tax Increment; and
WHEREAS, the City has not incurred any redevelopment project costs, issued any bonds,
or incurred any other obligations in connection with TIF No. 4 that are or will be due or
outstanding; and
WHEREAS, no excess funds are deposited within the special tax allocation fund for TIF
No. 4 that must be declared as surplus, paid to the county clerk, and distributed to taxing districts
in accordance with the TIF Act; and
WHEREAS, the City has closed the books and records for TIF No. 4; and
WHEREAS, the City desires to: (i) terminate the designation of TIF No. 4 as a
redevelopment project area under the TIF Act and the adoption of tax increment allocation
financing for TIF No. 4; and (ii) dissolve the special tax allocation fund for TIF No. 4 (collectively,
the "Termination of TIF No. 4"); and
WHEREAS, on October 22, 2014, the City provided written notice to all affected taxing
Districts of the Termination of TIF No. 4, as required by the TIF Act; and
WHEREAS, the City Council has determined that the Termination of TIF No. 4 is in the
best interest of the City;
NOW, THEREFORE, BE IT ORDAINED, by the City Council of the City of Des
Plaines, Cook County, Illinois, in the exercise of its home rule powers as follows:
SECTION 1: RECITALS. The foregoing recitals are incorporated into, and made a part
of, this Ordinance as the findings of the City Council.
SECTION 2: TERMINATION OF REDEVELOPMENT PROJECT AREA
DESIGNATION AND OF TAX INCREMENT ALLOCATION FINANCING. The City
Council hereby terminates the designation of TIF No. 4 as a redevelopment project area under the
TIF Act and the adoption of tax increment allocation financing for TIF No. 4.
SECTION 3: DISSOLUTION OF SPECIAL TAX ALLOCATION FUND. The City
Council hereby dissolves the special tax allocation fund for TIF No. 4.
SECTION 4: ,FILING WITH COUNTY CLERK AND COUNTY TREASURER.
The City Council hereby authorizes and directs the City Manager and the City Clerk to file, no
later than December 30, 2014, certified copies of this Ordinance with the offices of the County
Clerk and the County Treasurer and to take any other action necessary to: (i) terminate the
designation of TIF No. 4 as a redevelopment project area under the TIF Act and the adoption of
tax increment allocation financing for TIF No. 4; and (ii) dissolve the special tax allocation fund
for TIF No, 4.
SECTION 5: EFFECTIVEDATE. This Ordinance shall be in full force and effect from
and after its passage, approval and publication in pamphlet form according to law.
{SIGNATURE, PAGE FOLLOWS]
PASSED this / (--day of 2014.
APPROVED this / C L4day of 7/itrU-f%7r4f'/1- , 2014.
VOTE: AYES 1 NAYS 0 ABSENT
ATTEST:
CYT Ltg
Published in pamphlet form this
t day of 1i j.& ,L, 2014.
C
CLERK S)
bfititj
DP -Ordinance Terminating TIP No 4
#32481523,y3
3
MAYOR PRo Th'
Approved as to form:
Peter M. Friedman, General Counsel
EXHIBIT A
LEGAL DESCRIPTION OF REDEVELOPMENT PROJECT AREA
FIVE CORNERS TIF AREA
THAT PART OF SECTIONS 8, 16 AND 17, ALL IN TOWNSHIP 41 NORTH, RANGE
12, EAST OF THE THIRD PRINCIPAL MERIDIAN, DESCRIBED AS FOLLOWS:
BEGINNING AT THE SOUTHEAST CORNER LINE OF LOT 9 IN REDEKER'S
ESTATE SUBDIVISION, ACCORDING TO THE PLAT THEREOF RECORDED APRIL
16, 1919 AS DOCUMENT NUMBER 6503591; THENCE NORTH ALONG THE EAST
LINE OF SAID LOT 9 TO THE NORTHEAST CORNER THEREOF, ALSO BEING A
POINT ON THE SOUTHEASTERLY LINE OF THE DES PLAINES VALLEY RAILWAY
COMPANY RIGHT OF WAY, PREDECESSOR OF THE CHICAGO AND
NORTHWESTERN RAILWAY COMPANY CURRENTLY THE UNION PACIFIC
RAILWAY; THENCE NORTH TO THE SOUTHEAST CORNER OF LOT 8 IN SAID
REDEKER'S ESTATE SUBDIVISION, ALSO BEING A POINT ON THE
NORTHWESTERLY LINE OF SAID DES PLAINES VALLEY RAILWAY COMPANY
RIGHT OF WAY, PREDECESSOR OF THE CHICAGO AND NORTHWESTERN
RAILWAY COMPANY CURRENTLY THE UNION PACIFIC RAILWAY; THENCE.
SOUTHWESTERLY ALONG THE LAST DESCRIBED LINE ALSO BEING THE
SOUTHERLY LINE OF SAID LOT 8 TO THE INTERSECTION WITH THE
CENTERLINE OF DES PLAINES RIVER ROAD; THENCE NORTHWESTERLY
ALONG SAID CENTERLINE TO THE INTERSECTION OF THE SOUTH LINE OF
GOLF ROAD; THENCE NORTHEASTERLY TO THE INTERSECTION OF THE
NORTH LINE OF SAID GOLF ROAD WITH THE EAST LINE OF DES PLAINES RIVER
ROAD; THENCE WESTERLY ALONG THE NORTH LINE OF GOLF ROAD TO THE
INTERSECTION OF THE NORTHERLY EXTENSION OF THE WEST LINE OF THE
EAST 200 FEET OF LOT 7 (AS MEASURED ALONG THE NORTH LINE OF SAID
LOT) IN REDEKER'S GARDEN ADDITION TO DES PLAINES, ACCORDING TO THE
PLAT THEREOF RECORDED JANUARY 29, 1923 AS DOCUMENT T172839;
THENCE SOUTH ALONG THE LAST DESCRIBED WEST LINE TO A POINT ON THE
NORTHEASTERLY LINE OF LOT 1 IN WOLFGANG'S RESUBDIVISION ACCORDING
TO THE PLAT THEREOF RECORDED APRIL 24, 1997 AS DOCUMENT 97286026;
THENCE SOUTHEASTERLY ALONG THE LAST DESCRIBED LINE TO A POINT ON
THE NORTH LINE OF LOT 3 IN SAID WOLFGANG'S RESUBDIVISION, ALSO BEING
THE SOUTHEAST CORNER OF SAID LOT 1; THENCE WEST ALONG THE NORTH
LINE OF SAID LOT 3 AND THE NORTH LINE OF LOT 2 IN SAID WOLFGANG'S
RESUBDIVISION TO THE NORTHWEST CORNER OF SAID LOT 2; THENCE SOUTH
ALONG THE WEST LINE OF SAID LOT 2 AND THE SOUTHERLY EXTENSION
THEREOF TO A POINT ON A LINE LYING 50.00 FEET SOUTHWEST OF AND
PARALLEL WITH THE CENTERLINE OF RAND ROAD, SAID POINT BEING ON THE
NORTHERLY LINE OF PROPERTY CONVEYED BY WARRANTY DEED RECORDED
JULY 26, 2000 AS DOCUMENT NUMBER 00563449; THENCE SOUTHEASTERLY
ALONG SAID NORTHERLY LINE TO THE NORTHEAST CORNER THEREOF, ALSO
BEING A POINT ON THE WESTERLY LINE OF LOT 1 IN SOPHIA LAGERHAUSEN'S.
DIVISION, ACCORDING TO THE PLAT THEREOF RECORDED APRIL 4, 1922 AS
DOCUMENT NUMBER 7450665; THENCE NORTHEASTERLY ALONG SAID
WESTERLY LINE TO THE NORTHWEST CORNER OF SAID LOT 1 ALSO BEING
THE SOUTHWESTERLY LINE OF RAND ROAD; THENCE SOUTHEASTERLY
ALONG THE NORTHEASTERLY LINE OF SAID LOT 1 AND LOT 2 IN SAID SOPHIA
LAGERHAUSEN'S DIVISION, ALSO BEING THE SOUTHWESTERLY LINE OF RAND
ROAD TO THE EASTERLY MOST CORNER OF SAID LOT 2, SAID POINT BEING A
POINT ON THE NORTHWESTERLY LINE OF THE DES PLAINES VALLEY RAILWAY
COMPANY RIGHT OF WAY, PREDECESSOR OF THE CHICAGO AND
NORTHWESTERN RAILWAY COMPANY CURRENTLY THE UNION PACIFIC
RAILWAY; THENCE NORTHEASTERLY ALONG THE LAST DESCRIBED LINE ALSO
BEING THE NORTHEASTERLY EXTENSION OF THE SOUTHEASTERLY LINE OF
SAID LOT 1 AND LOT 2 IN SOPHIA LAGERHAUSEN'S DIVISION TO A POINT IN
THE CENTERLINE OF SAID RAND ROAD; THENCE SOUTHEASTERLY ALONG
SAID CENTERLINE TO A POINT ON A LINE LYING 50 FEET NORTHWEST OF AND
PARALLEL WITH THE CENTERLINE BETWEEN THE TWO MAIN TRACKS OF THE
LAST DESCRIBED RAILWAY; THENCE NORTHEASTERLY ALONG THE LAST
DESCRIBED PARALLEL LINE TO A POINT ON A LINE LYING 33 FEET
NORTHEASTERLY AND PARALLEL WITH THE CENTERLINE OF SAID RAND
ROAD; THENCE SOUTHEASTERLY ALONG THE LAST DESCRIBED PARALLEL
LINE TO A POINT ON A LINE LYING 50 FEET SOUTHEASTERLY OF AND
PARALLEL WITH THE CENTERLINE OF THE TWO MAIN TRACKS OF THE LAST
DESCRIBED RAILWAY; THENCE SOUTHWESTERLY ALONG THE LAST
DESCRIBED PARALLEL LINE ALSO BEING THE NORTHWESTERLY LINE OF LOT 3
IN SOPHIA LAGERHAUSEN'S DIVISION, TO A POINT ON THE NORTHEASTERLY
LINE OF BLOCK 9 IN DES PLAINES CENTER SUBDIVISION, BEING A SUBDIVISION
IN SECTION 17, TOWNSHIP 41 NORTH, RANGE 12 EAST OF THE THIRD
PRINCIPAL MERIDIAN, ACCORDING TO THE PLAT THEREOF RECORDED APRIL
18, 1927 AS DOCUMENT 9618025; THENCE SOUTHEASTERLY ALONG THE
NORTHEASTERLY LINE OF SAID BLOCK 9 IN SAID DES PLAINES CENTER
SUBDIVISION BEING NORTHEASTERLY LINE OF LOTS 1 THROUGH 6 , BOTH
INCLUSIVE, TO THE SOUTHEAST CORNER OF SAID LOT 1, ALSO BEING A POINT
ON THE NORTH LINE OF WILLOW AVENUE; THENCE WESTERLY ALONG SAID
NORTH LINE AND THE SOUTH LINE OF SAID LOT 1 TO A POINT ON A LINE LYING
40 FEET SOUTHWESTERLY OF AND PARALLEL WITH THE AFOREMENTIONED
NORTHEASTERLY LINE OF SAID LOTS 1 THROUGH 6, BOTH INCLUSIVE;
THENCE SOUTHEASTERLY TO THE NORTHEASTERLY CORNER OF LOT 1 OF
BLOCK 10 IN SAID DES PLAINES CENTER; THENCE SOUTHEASTERLY ALONG
THE NORTHEASTERLY LINES OF BLOCKS 10, 6 AND 7, ALSO BEING THE
SOUTHWESTERLY LINE OF WILLOW AVENUE TO THE SOUTHEASTERLY
CORNER OF LOT 1 IN BLOCK 7 OF SAID DES PLAINES CENTER; THENCE
SOUTHEASTERLY TO THE NORTHWEST CORNER OF LOT 52 IN BLOCK 3 OF
SAID DES PLAINES CENTER; THENCE EAST ALONG THE NORTH LINE OF SAID
LOT 52 ALSO BEING THE SOUTH LINE OF HARDING AVENUE TO THE
NORTHEAST CORNER OF SAID LOT 52 ALSO BEING THE WEST LINE OF THE
NORTH/SOUTH 16 FOOT PUBLIC ALLEY IN SAID BLOCK 3; THENCE SOUTH
ALONG SAID WEST LINE OF THE 16 FOOT PUBLIC ALLEY TO THE SOUTHEAST
CORNER OF LOT 32 IN SAID BLOCK 3; THENCE SOUTH TO THE NORTHEAST
CORNER OF LOT 7 IN BLOCK 2 OF SAID DES PLAINES CENTER; THENCE SOUTH
ALONG THE EAST LINE OF SAID LOT 7 ALSO BEING THE WEST LINE OF A
NORTH/SOUTH 16 FOOT PUBLIC ALLEY, TO THE SOUTHEAST CORNER OF SAID
LOT 7; THENCE WESTERLY ALONG THE SOUTH LINE OF SAID LOT 7 TO A
NORTHEAST CORNER OF "THE MERIDIAN CONDOMINIUM" ACCORDING TO
DOCUMENT RECORDED OCTOBER 2, 2002 AS DOCUMENT NUMBER
0021079499; THENCE SOUTHERLY ALONG THE EAST LINE "THE MERIDIAN
CONDOMINIUM" TO THE SOUTHEAST CORNER THEREOF, ALSO BEING A POINT
ON THE NORTH LINE OF PERRY STREET; THENCE EASTERLY ALONG THE
NORTH LINE OF SAID PERRY STREET TO THE SOUTHEAST CORNER OF LOT 2
IN HENRY G. SENNES SUBDIVISION, ACCORDING TO THE PLAT THEREOF
RECORDED MARCH 27, 1908 AS DOCUMENT NUMBER 4178134; THENCE NORTH
ALONG THE EAST LINE OF SAID LOT 2 TO THE NORTHEAST CORNER THEREOF,
SAID CORNER BEING ON THE SOUTH LINE OF LOT 3 IN HENRY G. SENNES
SUBDIVISION; THENCE EAST ALONG THE SOUTH LINE OF SAID LOT 3 TO THE
SOUTHEAST CORNER THEREOF; THENCE EASTERLY TO THE
SOUTHWESTERLY CORNER OF PROPERTY CONVEYED BY TRUST DEED
RECORDED DECEMBER 13, 2000 AS DOCUMENT NUMBER 00977133, ALSO
BEING A POINT ON THE EASTERLY LINE OF DES PLAINES RIVER ROAD;
THENCE NORTHWESTERLY ALONG THE WESTERLY LINE OF THE LAST
DESCRIBED CONVEYED PROPERTY AND THE EASTERLY LINE OF SAID DES
PLAINES RIVER ROAD; THENCE NORTHEASTERLY ALONG THE SOUTHERLY
LINE ELK BOULEVARD CONDEMNED IN CASE NUMBER 59 SUPERIOR 5468,
COOK COUNTY ILLINOIS, TO THE INTERSECTION OF THE SOUTHWESTERLY
LINE OF RAND ROAD; THENCE NORTHWESTERLY ALONG SAID SOUTH LINE OF
RAND ROAD TO THE NORTHEASTERLY CORNER OF PROPERTY CONVEYED BY
TRUSTEE'S DEED RECORDED MAY 14, 2002 AS DOCUMENT NUMBER
0020549771; THENCE NORTHEASTERLY TO THE SOUTHWEST CORNER OF LOT
5 IN E.M. SARGENT'S RESUBDIVISION, ACCORDING TO THE PLAT THEREOF
RECORDED JULY 24, 1874 AS DOCUMENT NUMBER 181415, ALSO BEING THE
INTERSECTION OF THE EASTERLY LINE OF GROVE AVENUE AND THE
NORTHEASTERLY LINE OF RAND ROAD; THENCE NORTHERLY ALONG THE
EASTERLY LINE OF SAID GROVE AVENUE TO THE INTERSECTION OF THE
EASTERLY EXTENSION OF THE SOUTH LINE OF LOT 19 IN BLOCK 3 OF RIVER
AND RAND ROAD SUBDIVISION ACCORDING TO THE PLAT THEREOF
RECORDED SEPTEMBER 29, 1923 AS DOCUMENT NUMBER 8123762; THENCE
WESTERLY ALONG THE LAST DESCRIBED LINE TO THE SOUTHWEST CORNER
OF SAID LOT 19 IN BLOCK 3; THENCE NORTHEASTERLY ALONG THE WEST LINE
OF SAID LOT 19 TO THE NORTHWEST CORNER THEREOF, ALSO BEING THE
SOUTHEAST CORNER OF LOT 4 IN SAID BLOCK 3 OF RIVER AND RAND ROAD
SUBDIVISION; THENCE NORTHWESTERLY ALONG THE SOUTH LINES OF LOTS
4, 5, 6 AND 7 IN BLOCK 3 OF THE LAST DESCRIBED SUBDIVISION TO THE
SOUTHWEST CORNER OF SAID LOT 7 IN BLOCK 3; THENCE NORTH ALONG THE
WEST LINE OF SAID LOT 7 IN BLOCK 3 TO THE NORTHWEST CORNER
THEREOF; THENCE WEST ALONG THE NORTH LINE OF LOTS 8 AND 9 IN BLOCK
3 OF SAID RIVER AND RAND ROAD SUBDIVISION TO THE INTERSECTION OF
THE SOUTHERLY EXTENSION OF THE WEST LINE OF LOT 22 IN BLOCK 2 OF
SAID RIVER AND RAND ROAD SUBDIVISION; THENCE NORTH ALONG THE LAST
DESCRIBED LINE TO THE NORTHWEST CORNER OF SAID LOT 22 IN BLOCK 2;
THENCE WEST ALONG THE SOUTH LINES OF LOTS 10, 11 AND 12 IN BLOCK 2
OF SAID RIVER AND RAND ROAD SUBDIVISION TO THE SOUTHWEST CORNER
OF LOT 12 IN BLOCK 2; THENCE NORTH ALONG THE WEST LINE OF SAID LOT 12
IN BLOCK 2 TO THE NORTHWEST CORNER THEREOF; THENCE
NORTHWESTERLY TO THE SOUTHEAST CORNER OF THE WEST HALF OF LOT
22 IN BLOCK 1 OF SAID RIVER AND RAND ROAD SUBDIVISION SAID POINT
BEING A POINT ON THE NORTH LINE OF SHERMAN PLACE; THENCE WEST AND
NORTHWEST ALONG SAID NORTH LINE OF SHERMAN PLACE TO A POINT ON
THE EASTERLY LINE OF DES PLAINES RIVER ROAD; THENCE NORTH ALONG
SAID EASTERLY LINE OF DES PLAINES RIVER ROAD TO THE NORTHWEST
CORNER OF LOT 16 IN SAID BLOCK 1; THENCE EAST ALONG THE NORTH LINE
OF LOTS 16, 15 AND 14 IN SAID BLOCK 1 TO THE NORTHWEST CORNER OF LOT
13 IN SAID BLOCK 1; THENCE NORTH ALONG THE NORTHERLY EXTENSION OF
THE WEST LINE OF SAID LOT 13 IN BLOCK 1 TO A POINT ON THE SOUTH LINE
OF LOT 3 IN BLOCK 17 OF PARK ADDITION TO DES PLAINES, ACCORDING TO
THE PLAT THEREOF RECORDED SEPTEMBER 21, 1872 AS DOCUMENT 57452;
THENCE EASTERLY ALONG SAID SOUTH LINE TO THE SOUTHEAST CORNER
THEREOF; THENCE NORTH ALONG THE EAST LINE OF LOTS 1, 2, AND 3 IN
BLOCK 17 OF SAID PARK ADDITION TO DES PLAINES TO THE NORTHEAST
CORNER OF SAID LOT 1 IN BLOCK 17, ALSO BEING A POINT ON THE SOUTH
LINE OF THE AFOREMENTIONED LOT 9 IN REDEKER'S ESTATE; THENCE EAST
ALONG SAID SOUTH LINE TO THE POINT OF BEGINNING, IN COOK COUNTY,
ILLINOIS.
EXCEPT
NATIONAL ENERGY PROPERTIES P.U.D., BEING A RESUBDIVISION OF PART OF
LOTS 1, 3, AND 4 IN KRUSE'S SUBDIVISION, BEING A SUBDIVISION IN SECTIONS
16 AND 17 IN TOWNSHIP 41 NORTH, RANGE 12, EAST OF THE THIRD PRINCIPAL
MERIDIAN, ACCORDING TO THE PLAT THEREOF RECORDED OCTOBER 26, 2000
AS DOCUMENT NUMBER 00844401, IN COOK COUNTY ILLINOIS.
ALSO EXCEPT
THAT PART OF LOT 1 IN KRUSE'S SUBDIVISION OF LOT 14 IN HODGES
SUBDIVISION OF PARTS OF SECTIONS 16 & 17 IN TOWNSHIP 41 NORTH, RANGE
12 EAST OF THE THIRD PRINCIPAL MERIDIAN, ACCORDING TO THE PLAT
THEREOF RECORDED JUNE 22, 1906 AS DOCUMENT NUMBER 3883465, LYING
WEST OF THE NORTHWESTERLY LINE OF NATIONAL ENERGY PROPERTIES
P.U.D., BEING A RESUBDIVISION OF PART OF LOTS 1, 3, AND 4 IN KRUSE'S
SUBDIVISION, BEING A SUBDIVISION IN SECTIONS 16 AND 17 IN TOWNSHIP 41
NORTH, RANGE 12, EAST OF THE THIRD PRINCIPAL MERIDIAN, ACCORDING TO
THE PLAT THEREOF RECORDED OCTOBER 26, 2000 AS DOCUMENT NUMBER
00844401, ALL IN COOK COUNTY ILLINOIS.
ALSO EXCEPT
THAT PART OF BLOCK 1 IN DES PLAINES CENTER SUBDIVISION, BEING A
SUBDIVISION IN SECTION 17, TOWNSHIP 41 NORTH, RANGE 12 EAST OF THE
THIRD PRINCIPAL MERIDIAN ACCORDING TO THE PLAT THEREOF RECORDED
APRIL 18, 1927 AS DOCUMENT 9618025, LYING NORTH OF THE NORTH LINE OF
ELK BOULEVARD, IN COOK COUNTY ILLINOIS.
PREPARED: February 19, 2006
REVISED: February 20, 2006
REVISED: April 3, 2006
REVISED: September 25, 2006
SPACECO, INC., cbl
EXHIBIT B
GENERAL STREET LOCATION OF REDEVELOPMENT PROJECT AREA
The Area discussed in the City of Des Plaines Five Corners
Redevelopment Plan and Project is generally bounded by Golf
Road to the north; River Road and properties adjacent to River
Road to the east; Rand Road, Willow Avenue, Perry Street and
Elk Boulevard to the south; and Cook County Forest Preserve
property to the west.
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State Plane NAD 83 Illinois East
January 9, 2013 EDV TIFDistrict6
PERRY ST
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CITY OF DES PLAINES
ORDINANCE NO. M-36-14
AN ORDINANCE TERMINATING THE DESIGNATION OF TIF NO. 4 AS A
REDEVELOPMENT PROJECT AREA UNDER THE TAX INCREMENT ALLOCATION
REDEVELOPMENT ACT AND DISSOLVING THE SPECIAL TAX ALLOCATION FUND
FOR TIF NO. 4
ADOPTED ON NOVEMBER 17, 2014
BY THE CITY COUNCIL
OF THE
CITY OF DES PLAINES
Published in pamphlet form by authority of the City Council of the City of Des Plaines, Cook
County, Illinois, this 18th day of November, 2014,
STATE OF ILLINOIS)
) SS.
COUNTY OF COOK )
CERTIFICATE
1, Gloria J. Ludwig, certify that I am the duly elected and acting Municipal Clerk of the City of
Des Plaines, Cook County, Illinois.
I further certify that on November 17, 2014 the Corporate Authorities of such municipality
passed and approved Ordinance No, M-36-14 entitled AN ORDINANCE TERMINATING THE
DESIGNATION OF TIF NO. 4 AS A REDEVELOPMENT PROJECT AREA UNDER THE
TAX INCREMENT ALLOCATION REDEVELOPMENT ACT AND DISSOLVING THE
SPECIAL TAX ALLOCATION FUND FOR TIF NO. 4 which provided by its terms that it
should be published in pamphlet form.
The pamphlet form of Ordinance No. M-36-14, including the Ordinance and a cover sheet
thereof, was prepared, and a copy of such Ordinance was posted in the municipal building,
commencing on November 18, 2014 and continuing for at least 10 days thereafter. Copies of
such Ordinance were also available for public inspection upon request in the office of the
Municipal Clerk.
DATED at Des Plaines, Illinois, this 17th day of November, 2014.
(SEAL).
,00
City Clerk