Des Plaines TIF No. 7 ATR FY 2014CITY OF DES PLAINES
TAX INCREMENT FINANCING DISTRICT NO. 7
HIGGINS ROAD AND PRATT AVENUE TIF DISTRICT
ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2014 AND ENDING DECEMBER 31, 2014
CITY OF DES PLAINES TIF DISTRICT #7 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2014 AND ENDING DECEMBER 31, 2014
City of Des Plaines
Tax Increment Financing District No. 7
Higgins Road and Pratt Avenue 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 #7 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2014 AND ENDING DECEMBER 31, 2014
SECTION TITLE PAGE
Attachment M Intergovernmental Agreements 16
3.1 Analysis of Special Tax Allocation Fund 17
3.2 Itemized List of Expenditures from Special Tax
Allocation Fund 19
3.3 Special Tax Allocation Fund Balance (end of
reporting period) 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 TIF Designation Ordinances
Exhibit B Joint Review Board Minutes
Exhibit C Intergovernmental Agreement
CITY OF DES PLAINES TIF DISTRICT #7 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 #7 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
Last Name: Bartholomew
Title City Manager
City: Des Plaines
Zip:
Mobile E-mail mbartholomewOdesplaines.org
Mobile
Provider
60016
Best way to "x_ Email x Phone
contact Mobile Mail
I attest to the best of my knowledge, this report of the redevelopment protect 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 et.sea.1 Or the Industrial Jobs Recovery Law 165 ILCS 5/11-74.6-10 et. seq.1
Written signature of TIF Administator
!— 5 —/
Date
Section 1 (65 ILCS 5111-74.4-5 (d) (1.5) and 65 ILCS 5/11-74.6-22 ld) 11.51*
,
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
" AI!
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. seq.]
2
SECTION 2 [Sections 2 through 5 must be completed for each redevelopment project area listed in Section 1.]
FY 2014
Name of Redevelopment Project Area: TIF 7 Higgins Pratt
Primary Use of Redevelopment Project Area*: commercial Retail
If "Combination/Mixed" List Component Types:
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
11
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 TIF District was newly created.
CITY OF DES PLAINES TIF DISTRICT #7 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 #7 — Higgins Road and Pratt Avenue 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 All - cation Act during the fiscal year beginning January 1, 2014 and ending
December 31, 20
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CITY OF DES PLAINES TIF DISTRICT #7ANNUAL 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 #7 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2014 AND ENDING DECEMBER 31, 2014
6
RE: Attorney Review City of Des Plaines Higgins Road and Pratt Avenue TIF District 1#7
To Whom It May Concern:
This will confine 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,
General Counsel
(1///1/" ---
CITY OFDESPLAINES TIF DISTRICT #7ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2014 AND ENDING DECEMBER 31, 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 #7
The City of Des Plaines' seventh TIF District was established in October, 2014.
The creation of this TIF District was in response to the City's desire to respond to
the problem conditions within an important commercial intersection within the
City of Des Plaines and to revitalize the area. A portion of this area is owned by
the City and other properties are owned by third parties, all of the properties were
previously included in TIF #6. However, due to current economic conditions, and
the recent economic downturn, the ability to implement new projects was
curtailed. The creation TIF #7 allows for the City to continue to redevelop the
area with the benefit of a 23 year term in order to amortize redevelopment costs.
The TIF designation ordinances are include as Exhibit A.
CITY OF DES PLAINES TIF DISTRICT #7ANNUAL 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 #7
There were no agreements or disposition of properties within the reporting Fiscal Year.
CITY OF DES PLAINES TIF DISTRICT #7 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)]
The City of Des Plaines continued to implement the primary objectives of the TIF #7
Redevelopment Plan and Project by assisting in "outlining a framework for future land use and
development that will enhance economic activity and strengthen the economic well-being of the
Area and the City by increasing the value of the property".
CITY OF DES PLAINES TIF DISTRICT #7ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2014 AND ENDING DECEMBER 31, 2014
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. and Holland & Knight
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. No entities received payment from the TIF in the reporting Fiscal Year .
CITY OF DES PLAINES TIF DISTRICT #7 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2019 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 August 20, 2014.
Minutes of the meeting are attached as Exhibit B.
CITY OF DES PLAINES TIF DISTRICT #7 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2014 AND ENDING DECEMBER 31, 2019
12
Attachment I Summary of any obligations issued by the municipality and official statements
No obligations were issued by the City.
CITY OF DES PLAINES TIF DISTRICT #7 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 #7 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2014 AND ENDING DECEMBER 31, 2014
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.
No increment was received by the City in the reporting Fiscal Year.
CITY OF DES PLAINES TIF DISTRICT #7 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2014 AND ENDING DECEMBER 31, 2014
15
Attachment M Intergovernmental Agreements
The City entered into an intergovernmental agreement with the two school districts and the
agreement is attached as Exhibit C.
CITY OF DES PLAINES TIF DISTRICT #7ANNUAL 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 #7 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2014 AND ENDING DECEMBER 31, 2019
17
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. 7 Higgins Pratt
Fund Balance at Beginning of Reporting Period
Revenue/Cash Receipts Deposited in Fund During Reporting FY:
Reporting Year
Cumulative*
% of Total
Property Tax Increment
$ -
0%
State Sales Tax Increment
0%
Local Sales Tax Increment
0%
State Utility Tax Increment
0%
Local Utility Tax Increment
0%
Interest
$ -
0%
Land/Building Sale Proceeds
0%
Bond Proceeds
0%
Transfers from Municipal Sources
0%
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
0%
* 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
$ (50,000)
Section 3.2 Itemized List of Expenditures from Special Tax Allocation Fund
Refer to tables attached.
CITY OF DES PLAINES TIF DISTRICT #7ANNUAL 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. 7 Higgins Pratt
ITEMIZED UST 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)
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 pnvate buildings.
Subsection (q)(3) and (o)(4)
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
22
Section 3.2 B
FY 2014
TIF NAME: TIF No. 7 Higgins Pratt
List all vendors, including other municipal funds, that were paid in excess of $10,000 during the current reporting year.
_X There were no vendors, including other municipal funds, paid in excess of
$10,000 during the current reporting period.
Name
Service
Amount
23
Section 3.3 Special Tax Allocation Fund Balance (end of reporting period).
Refer to table attached.
CITY OF DES PLAINES TIF DISTRICT #7 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. 7 Higgins Pratt
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
Contractual Services
50,000
Total Amount Designated for Project Costs
TOTAL AMOUNT DESIGNATED
SURPLUS*/(DEFICIT)
50,000
50,000
(50,000)
* NOTE: If a surplus is calculated, the municipality may be required to repay the amount to overlapping taxing
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 #7ANNUAL 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. 7 Higgins Pratt
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 #7 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. 7 Higgins Pratt
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)
$ -
0
Public Investment Undertaken
0
$ -
$ -
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
29
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. 7 Higgins Pratt
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
2014
TBD
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
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CITY OF DES P
STATE OF ILLINOIS
COUNTY OF COOK
CLERK'S CERTIFICATE
np
I, GLORIA J. LUDWIG, do hereby certify that I am the qualified and
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.
1 further certify that the attached and foregoing copy of ORDINANCE M-39-14•
AN ORDINANCE APPROVING A TAX INCREMENT REDEVELOPMENT PLAN AND
PRATT AVENUE REDEVELOPMENT
PROJECT AREA 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 21st day of October.
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Introduction and Background
Qualification Criteria Used
Methodology of Evaluation
Proposed TIF Boundary Map
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CERTIFICATE
CERTIFICATE AS KEEPER OF RECORDS AND FILES
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DATED at Des Plaines, Illinois, this 20th day of October, 2014.
all of which appears from the records and files of my office.
IN WITNESS WHEREOF I have hereunto set my hand and
Cook County Clerk
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STATE OF ILLINOIS
COUNTY OF COOK
RECt- /IT
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-40-14;
AN ORDINANCE DESIGNATING THE HIGGINS ROAD AND PRATT AVENUE
REDEVELOPMENT PROJECT AREA PURSUANT TO THE TAX INCREMENT
ALLOCATION REDEVELOPMENT ACT is a true and correct copy of the records of the City
of Des Plaines.
IN WITNESS WHEREOF, 1 hereunto affix my signature and impress hereon the
corporate seal of the said City of Des Plaines, Cook County, Illinois, this 21st day of October,
2014.
By:
GLORIA J. LUDWIG, City Clerk
City of Des-P1a" ;-County of Coo
.rrG`r) / /kt/' ki`
KRIS° Il. i IST, Depu
City of Des Plaines, County of Coo
*Per the provisions of 65 ILCS 513.1-20-5
of the Illinois Compiled Statues (2012)
Clerk
CITY OF DES PLAINES
ORDINANCE M 40 -14
AN ORDINANCE DESIGNATINGTHE HIGGINS ROAD
AND PRATT AVENUE REDEVELOPMENT PROJECT
AREA PURSUANT TO THE TAX INCREMENT
ALLOCATION REDEVELOPMENT ACT
WHEREAS, the City of Des Plaines is a home rule municipality in accordance with
Article VII, Section 6(a) of the Constitution of the State of Illinois of 1970; and
WHEREAS, on October 6, 2014, the City Council of the City ("Corporate
Authorities") adopted Ordinance M - 39 - 14, approving a redevelopment plan and project
prepared by Kane, McKenna and Associates, Inc, ("Redevelopment Plan and Project") for an
area generally including the properties located in the area bounded by Pratt. Avenue to the north,
Manheim Road to the west, Higgins Road to the south, and railroad right-of-way to the east in
the City ("Redevelopment Project Area"); and
WHEREAS, the Redevelopment Plan and Project, including the Redevelopment Project
Area as provided therein, were the subject of (i) extensive consideration by a properly convened
joint review board; and (ii) a public hearing held by the Corporate Authorities on September 15,
2014; and
WHEREAS, the Corporate Authorities have determined it is now necessary and
desirable to designate the Redevelopment Project Area as a redevelopment project area pursuant
to the Tax Increment Allocation Redevelopment Act, 65 ILCS 5/11-74.4-1 et seq. ("TIF Act");
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 facts and statements contained in the preamble to this
Ordinance are found to be true and correct and are hereby adopted as part of this Ordinance.
SECTION 2: AREA DESIGNATED. The Redevelopment Project Area, as legally
described in Exhibit A attached to and incorporated into this Ordinance is hereby designated as a
redevelopment project area pursuant to Section 11-74.4-4 of the TIF Act and will hereafter be
known as the Higgins Road and Pratt Avenue Redevelopment Project Area. The general street
location for the Redevelopment Project Area is described in Exhibit B attached to and
incorporated into this Ordinance. The map of the Redevelopment Project Area is depicted on
Exhibit C attached to and incorporated into this Ordinance.
SECTION 3: SEVERABILITY If any provision of this Ordinance or part thereof is
held invalid by a court of competent jurisdiction, the remaining provisions of this Ordinance will
remain in full force and effect, and will be interpreted, applied, and enforced so as to achieve, as
near as may be, the purpose and intent of this Ordinance to the greatest extent permitted by
applicable law.
SECTION 4: EFFECTIVE DATE. This Ordinance will be in full force and effect
from and after its passage, approval, and publication in the manner provided by law.
PASSED this c Olay of , 2014.
APPROVED this Dday of , 2014.
VOTE: AYES 7 NAYS ra ABSENT
ATTEST:
C CLER
I CLER 8K
PubJished'in pamphlet form this
v2� day of 2014.
#32286409y1
2
Approved as to form:
Peter M. Friedman, General Counsel
EXHIBIT A
LEGAL DESCRIPTION
THAT PART OF THE WEST HALF OF THE SOUTHWEST QUARTER OF SECTION 33,
TOWNSHIP 41 NORTH, RANGE 12 EAST OF THE THIRD PRINCIPAL MERIDIAN
DESCRIBED AS FOLLOWS:
BEGINNING AT THE INTERSECTION ON THE NORTH LINE OF PRATT AVENUE
WITH THE WEST LINE OF WISCONSIN CENTRAL LTD. RAILROAD, AKA
MINNEAPOLIS, ST. PAUL AND SAULT STE. MARIE RAILROAD, AKA SOO RAILROAD
COMPANY; THENCE SOUTHEASTERLY ALONG SAID WEST LINE TO THE NORTH
LINE OF HIGGINS ROAD; THENCE NORTHWESTERLY ALONG SAID NORTH LINE TO
THE WEST LINE OF ORCHARD PLACE ROAD, AKA WEST RAILROAD AVENUE;
THENCE NORTH ALONG SAID WEST LINE TO THE CENTER OF HIGGINS CREEK,
AKA WILLOW CREEK; THENCE NORTHWESTERLY ALONG SAID CENTERLINE TO
THE EAST LINE OF MANNHEIM ROAD; THENCE NORTH ALONG SAID EAST LINE
TO THE NORTH LINE OF PRA1'1' AVENUE; THENCE EAST ALONG SAID NORTH LINE
TO THE POINT OF BEGINNING, IN COOK COUNTY, ILLINOIS.
PREPARED June 19, 2014
SPACECO, INC., cbl
EXHIBIT B
GENERAL STREET LOCATION
North of Higgins Rd, East of Mannheim Rd., South of Pratt Ave. and. West of the Wisconsin
Central Railroad
4
EXHIBIT C
MAP OF REDEVELOPMENT PROJECT AREA
5
CITY OF DES PLAINES
ORDINANCE NO. M-40-14
AN ORDINANCE DESIGNATING THE HIGGINS ROAD AND PRATT AVENUE
REDEVELOPMENT PROJECT AREA PURSUANT TO THE TAX INCREMENT
ALLOCATION REDEVELOPMENT ACT
ADOPTED ON OCTOBER 20, 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 21st day of October, 2014,
STATE OF ILLINOIS)
) SS.
COUNTY OF COOK )
CERTIFICATE
I, Gloria J. Ludwig, certify that 1 am the duly elected and acting Municipal Clerk of the City of
Des Plaines, Cook County, Illinois.
1 further certify that on October 20, 2014 the Corporate Authorities of such municipality passed
and approved Ordinance No. M-40-14 entitled AN ORDINANCE DESIGNATING THE
HIGGINS ROAD AND PRATT AVENUE REDEVELOPMENT PROJECT AREA
PURSUANT TO THE TAX INCREMENT ALLOCATION REDEVELOPMENT ACT which
provided by its terms that it should be published in pamphlet form.
The pamphlet form of Ordinance No. M-40-14, including the Ordinance and a cover sheet
thereof, was prepared, and a copy of such Ordinance was posted in the municipal building,
commencing on October 21, 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 20th day of October, 2014.
,p,
City Clerk
REAL ESTATE AND TAX SERVICES
OFFICE OF COOK COUNTY CLERK DAVID ORR
118 N, Clark Street Room 434, Chicago, Illinois 60602
TEL 312.603.5656 FAX 312.603.4707 WEe cookcountyclerk.corn
CERTIFICATE AS KEEPER OF RECORDS AND FILES
STATE OF ILLINOIS)
)
COUNTY OF COOK )
ss
I, DAVID D, ORR, County Clerk of Cook County, in the
State aforesaid and keeper of the records and files of said Cook County, do hereby certify that:
C.. r i`,7 17C- t` ') 3 cf /
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,rei-rie
all of which appears from the records and files of my office,
IN WITNESS WHEREOF I have hereunto set my hand and
(SEAL)
affixed the Seal of said County at my office in the City of
Chicago in said County, this day of
,20»
Cook County Clerk
STATE OF ILLINOIS
COUNTY OF COOK
)
. RECEIVED BY
COOK CO, ctERK$,IY.FICUi
c) 17-1R.
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-41-14
AN ORDINANCE ADOPTING TAX INCREMENT ALLOCATION FINANCING FOR THE
HIGGINS ROAD AND PRATT AVENUE REDEVELOPMENT PROJECT AREA 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 21st day of October,
2014.
By:
GLOR1AL J.
City of D 'laine
di1 jAl
TEN M, L QU , Deputy City Clerk
City of Des Plaines, .ounty 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 - 41 14
AN ORDINANCE ADOPTING TAX INCREMENT
ALLOCATION FINANCING FOR THE HIGGINS ROAD
AND PRATT AVENUE REDEVELOPMENT PROJECT
AREA
WHEREAS, the City of Des Plaines is a home rule municipality in accordance with
Article VII, Section 6(a) of the Constitution of the State of Illinois of 1970; and
WHEREAS, on October 6, 2014, the City Council of the City ("Corporate
Authorities") adopted Ordinance M 39 14, approving a redevelopment plan and project
prepared by Kane, McKenna and Associates, Inc. ("Redevelopment plan and Project") for an
area generally including the properties located in the area bounded by Pratt Avenue to the north,
Mannheim Road to the west, Higgins Road to the south, and railroad right-of-way to the east in
the City ("Redevelopment Project Area"); and
WHEREAS, the Redevelopment Plan and Project, including the Redevelopment Project
Area as provided therein, were the subject of (i) extensive consideration by a properly convened
joint review board; and (ii) a public hearing held by the Corporate Authorities on September 15,
2014; and
WHEREAS, on October 6, 2014, the Corporate. Authorities adopted Ordinance M - 40 -
14, designating the Redevelopment Project Area as the Higgins Road and Pratt Avenue
Redevelopment Project Area pursuant to the Tax Increment Allocation Redevelopment Act, 65
ILCS 5111-74.4-1 et seq. ("TIFAct"); and
WHEREAS, the Corporate Authorities have found and determined that it is desirable
and in the best interests of the public and the City for the Corporate Authorities to approve tax
increment allocation financing for the Redevelopment Project Area to carryout the terms and
conditions of the Redevelopment Plan and Project;
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 facts and statements contained in the preamble to this
Ordinance are found to be true and correct and are hereby adopted as part of this Ordinance.
SECTION 2: TAX INCREMENT FINANCING ADOPTED. Tax increment
allocation financing is hereby adopted to pay for redevelopment project costs ("Project Costs")
as defined in the TIF Act and as set forth in the Redevelopment Plan and. Project within the
Redevelopment Project Area. The. Redevelopment Project Area is legally described in Exhibit
A attached to and incorporated into this Ordinance. The general street location for the
Redevelopment Project Area is described in Exhibit B attached to and incorporated into this
Ordinance. The map of the Redevelopment Project Area is depicted on Exhibit C attached to
and incorporated into this Ordinance.
SECTION 3: ALLOCATION OF AD VALOREM TAXES. Ad valorem taxes, if
any, arising from the levies upon taxable real property in the Redevelopment Project Area by
taxing districts and tax rates determined in the manner provided in Section 11-74.4-9(c) of the
TIF Act each year after the effective date of this Ordinance until the Project Costs and
obligations issued in respect thereto have been paid shall be divided as follows:
A. That portion of taxes levied upon each taxable lot, block, tract, or parcel of real
property that is attributable to the lower of the current equalized assessed value or
the initial equalized assessed value of each such taxable lot, block, tract, or parcel
of real property in the Redevelopment Project Area shall be allocated to and when
collected shall be paid by the county collector to the respective affected taxing
districts in the manner required by law in the absence of the adoption of tax
increment allocation financing.
13. That portion, if any, of such taxes that is attributable to the increase in the current
equalized assessed valuation of each lot, block, tract, or parcel of real property in
the Redevelopment Project Area shall be allocated to and when collected shall be
paid by the county collector to the municipal treasurer of the City, who shall
deposit said taxes into a special fund, hereby created, and designated the "Higgins
Road and Pratt Avenue Redevelopment Project Area Special Tax Allocation
Fund" of the City and such taxes shall be used for the purpose of paying Project
Costs and obligations incurred in the payment thereof.
SECTION 4: AUTHORIZATION FOR TRANSMITTALS AND OTHER
ACTION. The City Council hereby authorizes and directs the City Manager to take any and all
other statutorily required steps in connection with the adoption of tax incrernent allocation
financing, including, without limitation, the transmission of a certified copy of this Ordinance to
the County Clerk of Cook County, Illinois.
SECTION 5: SEVERABILITY. If any provision of this Ordinance or part thereof is
held invalid by a court of competent jurisdiction, the remaining provisions of this Ordinance will
remain in full force and effect, and will be interpreted, applied, and enforced so as to achieve, as
near as may be, the purpose and intent of this Ordinance to the greatest extent permitted by
applicable law.
SECTION 6: EFFECTIVE DATE. This Ordinance will be in full force and effect
from and after its passage, approval, and publication in the manner provided by law,
[SIGNATURE PAGE FOLLOWS]
2
PASSED this a0 day of , 2014.
APPROVED this oc.0#day of , 2014.
VOTE: AYES 7 NAYS 0 ABSENT
ATTEST:
Published in p hlet form this
2 t day of (t? , r . , 2014,
#32290932_8/1
Approved as to form:
Peter M. Friedman, General Counsel
EXHIBIT A
LEGAL DESCRIPTION
THAT PART OF THE WEST HALF OF THE SOUTHWEST QUARTER OF SECTION 33,
TOWNSHIP 41 NORTH, RANGE 12 EAST OF THE THIRD PRINCIPAL MERIDIAN
DESCRIBED AS FOLLOWS:
BEGINNING AT THE INTERSECTION ON THE NORTH LINE OF PRATT AVENUE
WITH THE WEST LINE OF WISCONSIN CENTRAL LTD, RAILROAD, AKA,
MINNEAPOLIS, ST. PAUL AND SAULT STE. MARIE RAILROAD, AKA SOO RAILROAD
COMPANY; THENCE SOUTHEASTERLY ALONG SAID WEST LINE TO THE NORTH
LINE OF HIGGINS ROO; THENCE NORTHWESTERLY ALONG SAID NORTH LINE TO
THE WEST LINE OF ORCHARD PLACE ROAD, AKA WEST RAILROAD AVENUE,
THENCE NORTH ALONG SAID WEST LINE TO THE CENTER OF HIGGINS CREEK,
AKA WILLOW CREEK THENCE NORTHWESTERLY ALONG SAID CENTERLINE TO
THE EAST LINE OF MANNHEIM ROAD; THENCE NORTH ALONG SAID EAST LINE
TO THE NORTH LINE OF PRATT AVENUE; THENCE EAST ALONG SAID NORTH LINE
TO THE POINT OF BEGINNING, IN COOK COUNTY, ILLINOIS,
PREPARED June 19, 2014
SPACECO, INC., cbl
4
EXHIBIT B
GENERAL STREET LOCATION
North of Higgins Rd, East of Mannheim Rd., South of Pratt Ave. and West of the Wisconsin
Central Railroad
EXHIBIT C
MAP OF REDEVELOPMENT PROJECT AREA
CITY OF DES PLAINES
ORDINANCE NO. M-41-14
AN ORDINANCE ADOPTING TAX INCREMENT ALLOCATION FINANCING FOR THE
HIGGINS ROAD AND PRATT AVENUE REDEVELOPMENT PROJECT AREA
ADOPTED ON OCTOBER 20, 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 21" day of October, 2014.
STATE OF ILLINOIS)
) SS.
COUNTY OF COOK )
CERTIFICATE,
I, 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 October 20, 2014 the Corporate Authorities of such municipality passed
and approved Ordinance No, M-41-14 entitled AN ORDINANCE ADOPTING TAX
INCREMENT ALLOCATION FINANCING FOR THE HIGGINS ROAD AND PRATT
AVENUE REDEVELOPMENT PROJECT AREA which provided by its terms that it should be
published in pamphlet form.
The pamphlet form of Ordinance No. M-41-14, including the Ordinance and a cover sheet
thereof, was prepared, and a copy of such Ordinance was posted in the municipal building,
commencing on October 21, 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 20th day of October, 2014.
�:c•\c,
z\v C
EXHIBIT B
I.
CITY OF DES PLAINES
TAX INCREMENT FINANCING DISTRICT
JOINT REVIEW BOARD MEETING MINUTES
PROPOSED DES PLAINES TIF DISTRICT NO. 7
AUGUST 20, 2014
Call to Order
George Sakas opened the meeting at 10:32 a.m., introduced himself, & welcomed
everyone to today's meeting.
II. Introduction of Representatives (in attendance)
Michael Bartholomew
Mary Kalou
Walter Kazmierczak
Karen Stephens
Nelson Gray
Barry Collins
Bob Rychlicki
George Sakas
Dorothy Wisniewski
Linda Krania
Chan Yu
Karl Camillucci
City Manager, City of Des Plaines
Assistant Superintendent, District 207/Maine Township
Trustee, Maine Township
Director of Parks & Recreation, Rosemont Park District
Assistant Superintendent, District 62/City of Des Plaines
Public Member
TIF Consultant, Kane McKenna & Associates, Inc.
Director, City of Des Plaines
Finance Director, City of Des Plaines
Media Director, City of Des Plaines
Associate Planner, City of Des Plaines
City Attorney, Holland & Knight
III. Selection of Public Member
George Sakas suggested a Public Member be selected & nominated Barry Collins.
A motion was made by Walter Kazmierczak, seconded by Mary Kalou, for Barry
Collins to be the Public Member for the JRB Proposed TIF District No. 7 meeting.
AYES: All
NAYS: None
Motion: CARRIES
IV. Selection of Chairperson
George Sakas volunteered to be today's Chairperson.
A motion was made by Nelson Gray, seconded by Barry Collins, to elect and confirm
Director, George Sakas, as Chairperson for the meeting.
AYES: All
NAYS: None
Motion: CARRIES
V. Review of Joint Review Board Procedures & Duties
George Sakas turned this portion over to Bob Rychlicki who stated the TIF Act has
not changed & the JRB is an advisory capacity.
Nelson Gray clarified that there will be three ordinances. Karl Camullucci & Bob
Rychlicki concurred.
VI. TIF Plan & TIF Eligibility Criteria — Review (refer to handout)
Bob Rychlicki identified the Proposed TIF Amendment which is comprised of two
parts — improved land & vacant land.
Prior & current boundaries were highlighted. With the exception of McDonald's at
Higgins/Mannheim Roads, the area has not been developed. The City acquired land
east & south of Ace Hardware. The hope today is to alleviate financial stress.
Objectives were noted (as in TIF No. 6). This is only retail, commercial, & mixed
use. For Proposed TIF District No. 7:
• improved property is noted as a "blighted area"; 5 or more of 13 factors
must be present in the area
• vacant area qualifies as "vacant -blighted" based on 2 or more of 6 blighted -
vacant factors in the Act
Several infrastructure improvements are necessary. See below noting 5 of 13
blighted -area qualification factors:
• Inadequate Utilities
• Excessive Vacancies
• Deterioration
• Obsolescence
• Environmental Remediation
The following indicate blighted -vacant qualification factors:
• Decline/Lag in EAV
o eligibility is there; recalibrating due to downturn, etc.
• Platting
Projected EAV is $5-6 million (or larger). TIF budget is $9 million. Most of the
acquisitions have already been done. The noted inadequacies need to be included. TIF
funds are reported to JRB.
George Sakas stated the public hearing is on September 15, 2014, noted there is no
declaration of surplus, & indicated the following:
• 0-10 years
• 11-15 years
• 16-20 years
• 21-23 years
0% declaration of surplus
15% declaration of surplus
25% declaration of surplus
35% declaration of surplus
Bob Rychlicki noted "if there is increment".
Michael Bartholomew reminded we collect tax dollars & provide services. We
recognize this area is in trouble. We believe we will increase taxes & benefit all of the
City's partners.
Barry Collins inquired if the land has all been acquired. George Sakas replied there is
one area for sale for $4.2 million & is in budget (as an option). Michael Bartholomew
advised the property to the north was offered to the City for $4.5 million, & the City
declined. George Sakas illustrated the map, & stated the shape isn't conducive to
development.
Nelson Gray asked if there are remediation costs for site preparation. Bob Rychlicki
responded there is, & it could be shifted south of 90/toll way. George Sakas noted the
structures (Ace) with potential asbestos are slated to be torn down.
VII. Review of Draft TIF Amendment Ordinances
City Attorney, Karl Camillucci, stated the 3 draft ordinances/legislative actions are:
• Approve the plan & project
• Designate the project area
• Adopt tax increment financing; establish TIF
VIII. Questions/Comments
George Sakas asked if there are any questions or comments.
Nelson Gray stated the limitations are noted. George Sakas concurred, & advised
there are no renewal options (22 years).
IX. Consideration of Resolution Recommending Approval of the Redevelopment
Plan and Project for the Des Plaines TIF District No. 7
George noted the handouts/ordinances & resolution that would be passed on October
6, 2014, entitled:
• An Ordinance Approving A Tax Increment Redevelopment Plan and Project
for the Higgins Road and Pratt Avenue
• An Ordinance Designating the Higgins Road and Pratt Avenue
Redevelopment Project Area Pursuant to the Tax Increment Allocation
Redevelopment Act
• An Ordinance Adopting Tax Increment Allocation Financing for the Higgins
Road and Pratt Avenue Redevelopment Project Area
• A Resolution Recommending Approval of the Proposed Designation of a
Redevelopment Plan and Project and Adoption of Tax Increment Allocation
Financing for the Higgins Road and Pratt Avenue Redevelopment Project
Area.
A motion was made by Barry Collins, seconded by Walter Kazmierczak, to
recommend approval for the above resolution.
AYES: Collins, Kazmierczak, Gray, Kalou, Stephens, Bartholomew
NAYS: None
Motion: CARRIES
X. Review of Timetable and Next Steps
George Sakas noted TIF's 6 and 7 Schedule (multi -colored chart) & highlighted two
Public Hearings on September 15, 2014.
XI. Adjournment
A motion was made by Mary Kalou, seconded by Nelson Gray, to adjourn the
meeting at 10:59 a.m.
AYES: All
NAYS: None
Motion: CARRIES
Respectfully submitted,
Gale Cerabona,
Recording Secretary
EXHIBIT C
Date:
0
DES ALINES
ILLINOIS
City of Des Plaines
Community and Economic Development Department
1420 Miner Street
Des Plaines, IL 60016
Tel: 847-391-5306
Fax: 847-827-2196
July 29, 2014',
E
0
UM
To: Michael G. Bartholomew, City Manager
From George Sakas, Director of Community and Economic Development
Subj: Approval of the Intergovernmental Agreement between the City of Des Plaines, Maine
Township High School District Number 207, and Des Plaines Community Consolidated
School District Number 62
Issue: For the City Council to consider the attached Intergovernmental Agreement between the
City , of Des Plaines, Maine Township High School District Number 207, and Des Plaines
Community Consolidated School District Number 62
Analysis: Over the past several months, the City Council has undertaken an effort to restructure
TIF #6 (Mannheim & Higgins) to economic viability. The proposed course of action includes
reducing the size of TIF #6, returning a portion of the TIF #6 District back to the tax rolls, and
restructuring the balance to a new proposed '1'I F' #7.
The City sought to cooperatively work with the appropriate taxing bodies, more specifically, School
Districts 207 and 62. City staff and the school board staff have negotiated an intergovernmental
agreement regarding the establishment of TIF #7 and the use of incremental tax revenue generated
by the newly created TIF District #7 over its twenty-three year period. The City and School District
207 are scheduled to approve the Agreement at their respective meetings held on August 4, 2014.
Followed by District 62 at their next scheduled meeting on August 18, 2014:
Recommendation: 1 recommend the City Council approve the intergovernmental agreement as
presented.
Attachments:
Resolution: R-159-14
Exhibit A: Intergovernmental Agreement between the City of Des Plaines, Maine Township
High School District Number 207, and Des Plaines Community Consolidated
School District Number 62
Page 1 of 10
CITY OF DES PLAINEST'
RESOLUTION R - 159 - 14
A RESOLUTION APPROVING AN
INTERGOVERNMENTAL AGREEMENT WITH MAINE
TOWNSHIP HIGH SCHOOL DISTRICT NO. 207 AND DES
PLAINES COMMUNITY CONSOLIDATED SCHOOL
DISTRICTNO. 62 REGARDING TAX INCREMENT
FINANCING
WHEREAS, the City is an Illinois home rule municipality pursuant to Article VII,
Section 6 of the Constitution of the State of Illinois; and
WHEREAS, Article VII, Section 10 of the 1970 Illinois Constitution authorizes the City
to contract with individuals, associations, and corporations in any manner not prohibited by law
or ordinance; and
WHEREAS, pursuant to the Illinois Tax Increment Allocation Redevelopment Act, 65
ILCS 5/11-74.4-1 et seq. ("TIF Act"), the City has designated, and has adopted tax increment
financing for, six distinct areas of the City; and
WHEREAS, pursuant to the TIF Act, the City has proposed the designation of, and the
adoption of tax increment financing for, a seventh distinct area of the City ("TIF District No.
7"); and
WHEREAS, Maine Township High School District No. 207 ("District 207") and Des
Plaines Community Consolidated School District No. 62 ("District 62") are each Illinois school
districts organized pursuant to the Illinois School Code, 105 ILCS 5/1-1 et seq.; and
WHEREAS, the jurisdictional boundaries of District 207 and District 62 include all of
the territory located within the proposed TIF District No. 7; and
WHEREAS, in accordance with the TIF Act, certain incremental property tax revenues
that will be generated from the proposed TIF District No. 7 ("TIF Revenues") will not be
distributed among District 207, District 62, the City, and other taxing bodies, as is other property
tax revenues; and
WHEREAS, the City, District 207, and District 62 now desire to enter into an
intergovernmental agreement to memorialize their respective rights and responsibilities, and their
mutual understanding, concerning: (i) the use and redistribution of TIF Revenues; and (ii) the
formal designation and approval of TIF District No. 7 ("Intergovernmental Agreement"); and
WHEREAS, the City Council has determined that it is in the best interest of the City to
enter into the Intergovernmental Agreement with the District 207 and District 62;
Page 2 of 10
NOW, THEREFORE, BE ITRESOLVED 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 Resolution as findings of the City Council.
SECTION 2: APPROVAL OF INTERGOVERNMENTAL AGREEMENT. The
City Council hereby approves the Intergovernmental Agreement in substantially the form
attached to this Resolution as Exhibit A, and in a final form to be approved by the General
Counsel.
SECTION 3: AUTHORIZATION TO EXECUTE INTERGOVERNMENTAL
AGREEMENT. The City Council hereby authorizes and directs the Mayor and the City Clerk
to execute and seal, on behalf of the City, the final Intergovernmental Agreement and all
documentation related thereto.
SECTION 4: EFFECTIVE DATE. This Resolution shall be in full force and effect
from and after its passage and approval according to law.
PASSED this day of
APPROVED this day of
2014.
, 2014.
VOTE: AYES NAYS ABSENT
MAYOR
ATTEST: Approved as to form:
CITY CLERK Peter M. Friedman, General Counsel
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Page 3of10
INTERGOVERNMENTAL AGREEMENT BETWEEN THE CITY OF
DES PLAINES, MAINE TOWNSHIP HIGH SCHOOL DISTRICT NO. 207,
AND DES PLAINES COMMUNITY CONSOLIDATED SCHOOL
DISTRICT NO. 62
THIS AGREEMENT is made as of the day of , 2014, between the
CITY OF DES PLAINES, an Illinois municipal corporation (the "City"), the BOARD OF
EDUCATION OF MAINE TOWNSHIP HIGH SCHOOL DISTRICT NO. 207, Cook County,
Illinois, ("District 207"), and the BOARD OF EDUCATION OF DES PLAINES COMMUNITY`
CONSOLIDATED SCHOOL DISTRICT NO. 62, Cook County, Illinois, ("District 62").
Collectively, District 207 and District 62 shall be referred to as the "School Districts."
Collectively, the City and the School Districts shall be referred to as the "Parties."
WHEREAS, the Parties are vested with certain authority pursuant to their
intergovernmental cooperation powers under Article VII, Section 10 the Illinois Constitution of
1970, and Section 1 et seq. of the Intergovernmental Cooperation Act [5 ILCS 220/1 et seq.], and
pursuant to the provisions of the Illinois Tax Increment Allocation Redevelopment Act, 65 ILCS
5.11-74.4-1 et seq. (the "Act"); and
WHEREAS, the City has initiated the process of creating within the School Districts'
boundaries a tax increment financing ("TIF") district under the Act and in connection therewith
has prepared a Redevelopment Plan and Project known as the TIF #7 Tax Increment Finance
Redevelopment Plan (the "Plan") and will consider designation of a redevelopment project area
(the "Project Area") on land legally described in the Plan, and adoption of tax increment
financing for the Project Area by ordinances duly passed by the City Council of the City; and
EXhibit A Page 4 of 10
WHEREAS, the Plan is designed to facilitate and encourage the redevelopment of the
area generally at the northeast comer of Mannheim Road and Higgins Avenue, which land is
currently included in the City's TIF #6, as set forth in the Plan; and
WHEREAS, the School Districts recognize the long-term benefits and importance of
development in the City; and
WHEREAS, the School Districts wish to ensure that tax increment financing pursuant to
the Plan and the Project Area is reasonably limited in scope and duration; and
WHEREAS, the City anticipates that it will not be required to expend all Incremental
Revenues (as defined herein) on redevelopment project costs and, thus, intends to declare a
surplus pursuant to Section 11-74.4-7 of the Act; and
WHEREAS, the Parties desire to enter into an intergovernmental agreement for their
mutual benefit and the benefit of the citizens and taxpayers of each of the Parties, and to resolve
any differences over the Plan and the Project Area and through this Agreement mutually provide
for the best interests of their communities and constituents; and
WHEREAS, the City will commit to making certain payments and to providing other
benefits to the School Districts pursuant to the terms of this Agreement provided the School
Districts will commit to waive any claims or objections relating to the City's desire to avail itself
of tax increment financing, the designation of the Project Area, the Plan, and the adoption of tax
increment financing for the Project Area.
NOW, THEREFORE, in consideration of the mutual promises of the City and the School
Districts, the Parties agree as follows:
1. Waiver of Objections. The School Districts hereby: (a) waive all objections to the
Plan, the Project Area, and Tax Increment Financing for the Project Area ("TIF
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Exhibit A Page 5 of 10
District #7"); (b) agree not to initiate or participate, directly or indirectly, in any
challenge to the designation of the Project Area, the adoption of the Plan for the
Project Area, the approval of tax increment financing for the Project Area, and the
approval of any redevelopment agreement(s) related to development within the
Project Area (so long as such agreements do not conflict with the terms of this
Agreement) or other actions taken by the City in respect thereto; and (c), as
members of the Joint Review Board, agree to consider the Plan, the designation of
the Project Area, and the approval of tax increment financing for the Project
Area.
2. Guaranteed Annual Payments.
a. If the City adopts the Plan, it agrees, for each year of the Plan, to declare a
"surplus" of incremental taxes equal to the percentage that corresponds below
to such year multiplied by the total Incremental Taxes attributable to that year:
Year of Plan
% of Incremental Taxes
1-10
0%
11-15
15%
16-20
25%
21-23
35%
b. "Incremental Taxes" shall mean, the portion of the ad valorem real estate
taxes arising from levies upon taxable real property in the Project Area by
taxing districts that is attributable to the increase in the current equalized
assessed value of the taxable real property in the Project Area over the
initial equalized assessed value of the taxable real property in the Project
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Exhibit A Page 6 of 10
Area as determined in accordance Section 5/11-74.4-9 of the Act which
has been paid to the Treasurer of the City for deposit by the Treasurer into
the TIF #7 Fund established to pay redevelopment project costs and
obligations incurred. The City shall declare a surplus based upon the
Incremental' Taxes generated by TIF District #7 before the payment or
transfer of any funds from the Project Area special tax allocation fund for
any other purpose, and net of any refunds to the Cook County Treasurer.
Distribution of Guaranteed Annual Payments. The surplus required to be declared
by the City under paragraph 2 above shall be paid to the County Collector to be
distributed as a surplus payment in accordance with Section 11-74.4-7 of the Act.
Limitations on Duration of TIF District. The City agrees that it will not seek to
extend the term of the Project beyond its original twenty-three (23) years. Any
extension of TIF District #7 shall only occur with a specific written amendment to
this Agreement and will abide by Sections 11-74.4-5 and 11-74.4-6 of the Act
regarding the reconvening of a joint review board for amendments to the
Redevelopment Plan, and any other requirements under the Act.
5. Termination. If, within 30 days after the Joint Review Board's first meeting is
convened, a majority of members of the Joint Review Board present and voting
at a Joint Review Board meeting do not, recommend approval of the designation
of the Project Area, the adoption of the Plan and the Project Area, and the
approval of tax increment financing for the Project Area, this Agreement will be
automatically terminated and of no force and effect. In the event of termination
of this Agreement pursuant to this paragraph 5, the School Districts acknowledge
Exhibit A Page 7 of 10
Exhibit A
and agree that the City will have no obligation whatsoever to comply with any of
the terms of thi
Agreement, including without limitation the declaration of
surplus pursuant to paragraph 2 of this Agreement, the payment of surplus to the
County Collector pursuant to paragraph 3 of this Agreement, or the payment of
any other funds to the School Districts or other taxing bodies pursuant to this
Agreement.
Enhanced Annual Meeting. The City agrees that a representative of the City will
meet with representatives of the School Districts at least once a year to inform the
School Districts of development that is planned or is occurring within the Project`.
Area, how the tax incremental revenues have been spent in the preceding year, the
equalized assessed value (EAV) created by the Plan, and the overall status of the
Project Area and the City's progress toward achieving its goals as set forth in the
Plan. The obligations set forth in this paragraph shall be in addition to any
reporting made by the City at the annual joint review board meeting and in any
reports it files with the State of Illinois Comptroller.
Assessment Appeals. The City and the School Districts shall communicate with
each other regarding the defense of any assessment appeal from a property located
within the boundaries of TIF District #7 so as to preserve incremental EAV for
the operation of TIF District #7 and the payment of surplus amounts, as defined
above.
Authority. Each Party agrees not to raise lack of authority as a defense in any
action brought by the other or any third party regarding this Agreement.
Page 8of10
9 Severability. If any term, covenant, condition, or provision of this Agreement is
held by a court of competent jurisdiction to be invalid, void, or unenforceable, the
remainder of the provisions shall remain in full force and effect and shall in no
way be affected, impaired, or invalidated.
10. Further Performance. Each Party shall, at the request and expense of the other,
execute and deliver any further documents and do all acts and things as each Party
may reasonably require to carry out the true intent and meaning of this
Agreement.
Final Payments.
refundable.
Writing Requirement. No waiver of
11.
Payments made under this Agreement shall be final and non -
12.
any term or condition of this Agreement
shall be binding or effective for any purpose unless expressed in writing and
signed by the Party making the waiver, and then shall be effective only in the
specific instances and for the purpose given.
13. Default. In the event of a default, the non -defaulting party shall be entitled to
recover any and all reasonable attorney's fees and costs incurred by the non -
defaulting party in enforcing the terms of this Agreement against the defaulting
party
14. Complete Agreement. This Agreement expresses the complete and final
understanding of the Parties with respect to its subject matter and may not be
amended or modified except by a written agreement executed by the Parties. This
Agreement supersedes all prior agreements, negotiations, and discussions relative
to the subject matter hereof and fully integrates the agreement of the Parties.
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Exhibit A Page 9 of 10
15. Effective Date. The effective date of this Agreement as reflected above shall be
the date that the last of the Parties executes the Agreement.
IN WITNESS WHEREOF, the Parties have executed this Agreement by their duly
authorized officials as of the date of the Agreement herein set forth.
BOARD OF EDUCATION
MAINE TOWNSHIP HIGH SCHOOL
DISTRICT NO. 207, Cook County, Illinois
BOARD OF EDUCATION
DES PLAINES COMMUNITY'
CONSOLIDATED SCHOOL DISTRICT NO.
62, Cook County, Illinois
By: By:
President President
Attest:
Attest:
Secretary Secretary
Date: Date:
CITY OF DES PLAINES, Cook County,
Illinois
By:
Mayor
Attest:
Date:
#31811828_v2
City Clerk
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Exhibit A Page 10 of 10