Tax board to welcome new businesses to Urbana

The board heard about the renovation of the existing space related to the Frasca International flight simulator business and Frasca Field Airport. | File photo

By Louie Torres

Jun 14, 2016

The Urbana Tax Increment Financing Joint Review Board will meet at 3 p.m. Wednesday to welcome new businesses to the city.

State law requires that the Mayor of the City of Urbana at least annually convene a meeting of the Joint Review Board for the City’s Tax Increment Financing Districts. This joint review board is made up of a representative from each of the overlapping governments that receive property taxes from an Urbana property owner and 1 member from the public at large.

Here's the meeting's agenda, as provided by the city:

City of Urbana, Illinois

Tax Increment Finance Joint Review Board

AGENDA

Subject: Central Redevelopment Project Area

Tax Increment Financing Redevelopment Plan and Project

Date: Wednesday, June 15, 2016

Time: 3:00 pm

Location: Urbana City Council Chambers, Urbana City Building,

400 S Vine Street, Urbana, Illinois 61801

1. ROLL CALL OF REPRESENTATIVE LOCAL TAXING DISTRICTS

2. SELECTION OF PUBLIC MEMBER BY MAJORITY VOTE

3. SELECTION OF CHAIRMAN BY MAJORITY VOTE

4. REVIEW OF MINUTES

5. PUBLIC COMMENT

6. REVIEW OF:

A. Central Redevelopment Project Area: Redevelopment Plan and Project

B. Proposed City ordinances approving (1) Redevelopment Plan and Project; (2)

Redevelopment Project Area No. 3; and (3) Adoption of tax increment allocation

financing

7. DISCUSSION OF PROPOSED TIF 1 CLOSURE & TIF 2 BOUNDARY

AMENDMENT

8. MOTION TO :

A. Recommend approval/disapproval of the Resolution concerning the

Redevelopment Plan and Project and the designation of the Central

Redevelopment Project Area on the basis of such redevelopment project area and

redevelopment plan satisfying the plan requirements, the eligibility criteria and

the purposes of the Tax Increment Allocation Redevelopment Act (65 ILCS 5/11-

74.1-1 et seq.)

9. ADJOURNMENT

Minutes of Annual Meeting

TAX INCREMENT FINANCE JOINT REVIEW BOARD

Date: December 2, 2015

Time: 9:00 a.m.

Place: City Council Chambers

Urbana City Building

400 S. Vine St.

Urbana, IL 61801

MEMBERS PRESENT: Carol Baker

Beth Brunk

Tim Bartlett

John Dimit

Michael Walker

Bill Volk

STAFF PRESENT: Brandon Boys, Economic Development Manager

Bill Gray, Director of Public Works

Elizabeth Hannan, Finance Director

Elizabeth Horwitz, Economic Development Specialist

Mike Monson, Chief of Staff, City of Urbana

Sophie Pham, City Accountant

Hon. Laurel Lunt Prussing, Mayor, City of Urbana

Cara Riordan, Economic Development Intern

Libby Tyler, Community Development Director

Sukiya J. Reid, Recording Secretary

Jim Simon, City Attorney

OTHERS PRESENT: Ken Beth, Attorney

Bill Brown, Urbana City Council Alderman Ward 4

Fred Grosser, Attorney

Charlie Smyth, Urbana City Council Alderman Ward 1

I. CALL TO ORDER

Mayor Prussing called the meeting to order at 9:00 a.m., and a quorum of the Joint Review Board

members was declared to be present.

II. INTRODUCTION OF JRB MEMBERS

The members of the Tax Increment Finance Joint Review Board and City staff introduced

themselves individually.

III. REVIEW OF MINUTES

Beth Brunk moved to approve the minutes from the December 9, 2014 meeting. Tim Bartlett

seconded the motion. The minutes were approved by unanimous voice vote.

IV. PUBLIC COMMENT

There was none.

V. TIF REFORM UPDATE – Updates on Legislation

Ms. Horwitz reported that there were a number of bills that had been introduced, but many had not

progressed due to the budget negotiations. She stated that there was on ly one bill , SB0318, that

ITIA was paying attention to. This bill would institute a two-year property tax freeze for the years

2016 and 2017. She gave a brief summary on the proposed bill.

VI. PRESENTATION AND OVERVIEW OF TIF ACTIVITIES – TIFs 1 through 4

Mr. Boys summarized the activities and expenditures for the City of Urbana’s four Tax Increment

Finance (TIF) districts for Fiscal Year 2014-2015.

Regarding TIF 1:

The fund balance at the beginning of the reporting period was $431,821. The fund balance at the

end of the reporting period was $543,694. Following his overview of the assistance programs and

financial status of TIF 1which he stated was set to expire on December 31, 2016, Mr. Boys briefly

highlighted projects both ongoing and completed within the same. Some of the projects he

mentioned included [co][lab] , located at 206 W. Main St, which welcomed a number of new

businesses, including Matthew Farrell Creative, Ellie Pinz Studio, JumpStart, Colorable, Kofman

Technologies, Creative Health, and C2E. Other new businesses that opened were: A Plus VIP

Lounge (214 W. Main St), The Dancing Dog Eatery and Juicery (129 W. Main St), Error Records

(123 W. Main St), Farm League Skateshop (123 W Main), Action Jackson Comics (123 W. Main

St), and Lacy’s BBQ (119 W. Main St). Under the Redevelopment Incentive Grant Program, the

City assisted Masijta Grill (202 N. Race St), A Plus VIP Lounge (214 W Main), Dancing Dog

Eatery (129 W. Main St), and Applied Pavement Technology (115W. Main St). Other types of

projects (both redevelopment and infrastructure) and activities include the 2014 Downtown Urbana

Curbanas Pilot Program; Vocational Education Programming; the renovation of the Stephens

Building at 218 W. Main Street by Norman Baxley and Dave Borchers; the demolition and

development of 204 W. Main by Cake Design DevelopmentLLC; incentive payments to Racing

Waters LLC for Stratford Apartments; reimbursement of incentive payments paid for failure to

comply on the continued rehabilitation of the Urbana Landmark Hotel (formerly Historic Lincoln

Hotel); public art projects and staffing, and marketing of the downtown through special events.

Upcoming projects and plans include the Request for Proposals for the North Crane Alley site, and

the anticipated issuance of redevelopment incentives to several new and expanding businesses in

TIF One.

Regarding TIF 2:

The fund balance at the beginning of the reporting period was $3,499,561. The fund balance at the

end of the reporting period was $2,343,574. Following his overview of the assistance programs

and financial status of TIF 2, Mr. Boys briefly highlighted projects both ongoing and completed

within the same. New businesses that opened were: MedServ Equipment (400 N. Broadway), Best

of Africa Food Store (208 W. Griggs St), Oriental World which has since closed (Lincoln Square).

Under the Redevelopment Incentive Grant Program, the City assisted Urbana True Tires which was

previously located at 200 S. Vine, and relocated to 608 N. Cunningham Ave. Other types of

projects (both redevelopment and infrastructure) and activities include the Boneyard Creek

Improvements Project;129 N. Race St; reimbursement of incentive payments paid for failure to

comply on the continued rehabilitation of the Urbana Landmark Hotel (formerly Historic Lincoln

Hotel); Patel Law; Omnicare Labs; Five Points Northwest (Gateway Shoppes); Silver Creek

Parking Lot/Banquet Center; and HG Dwell (Unexecuted).

Mr. Gray spoke briefly on the Boneyard Creek Improvements Project. He stated that they were

looking to provide a unique name for that part of the Boneyard Creek Improvements, and ask that

any ideas be brought to him. He summarized some of the features available as a result of the

improvements.

Upcoming projects and plans include the 200 Block of South Vine Street; release of a RFP to

developers by commercial realty service, CB Richard Ellis (CBRE), for the Goodyear Block north

of City Hall for the purpose of redevelopment; Broadway Market (401 N Broadway Ave); and 108

W. Griggs.

Regarding TIF 3:

The fund balance at the beginning of the reporting period was $11,613,371. The fund balance at the

end of the reporting period was $157,044. Mr. Boys stated that TIF Three expired on December 31,

2013 and was successfully closed out for the most part. After the closing of TIF Three and

following extensive legal review of any outstanding claims, all available TIF Three funds

($11,613,371) were released as surplus to all effected taxing bodies. An additional $157,044 in

interest earned during FY2014-15 was not immediately available for distribution from TIF Three.

On November 16, 2015 the Urbana City Council authorized the final distribution of the

aforementioned interest as surplus to the effected taxing bodies. Mr. Boys stated that this latest

action in FY2015-16 will have depleted all remaining TIF Three funds.

Regarding TIF 4:

The fund balance at the beginning of the reporting period was $2,112,149. The fund balance at the

end of the reporting period was $2,367,504. Following his overview of the assistance programs and

financial status of TIF 4, Mr. Boys briefly highlighted projects both ongoing and completed within

the same. New businesses that opened were the Guitar Workshop (1007 N. Cunningham Ave), and

Urbana Boulders (1502 N. Cunningham Ave). The annual review determined that $10,000 in

redevelopment incentives was inadvertently issued from TIF Four for Urbana True Tires which is

located in TIF Two. Mr. Boys stated that a correction transfer would be made in FY2015-16. Other

types of projects (both redevelopment and infrastructure) and activities include the renovation of the

existing space related to the Frasca International flight simulator business and Frasca Field Airport;

the development by Creative Thermal Solutions on Anthony Drive; Cunningham Avenue Corridor

Beautification Plan; improvement to Airport Road east of Cunningham Ave; Vocational Education

Programming;demolishment of the former Hanford Inn; O’brien Autopark Sale to Napleton

Automotive Group; Soccer Planet, and improvements to parks located within the TIF 4 boundary

area.

Upcoming projects include continued development of the Cunningham Avenue Corridor; N

Cunningham Avenue Sidewalk Multiuse Path; beautification and landscaping of the northwest

corner lot at the Five Points Intersection; and Urbana Boulders.

VII. PROPOSED CREATION OF A NEW DOWNTOWN TIF

Mr. Boys reported that with the pending expiration of TIF District One at the end of 2016, the City

had been exploring options for catalyzing additional redevelopment investments in the Downtown

Urbana redevelopment areas. Ms. Tyler stated that the City was currently consulting with PGAV

Planners who had assisted the City in researching and implementing its prior Tax Increment

Finance Districts. She stated that they were looking at a different configuration for a new TIF to

concentrate more on the undeveloped parts of the Greater Downtown Area. This new TIF would be

a substitute for TIF 2. Ms. Tyler summarized a few more of the goals for the new TIF, and stated

that the TIF JRB Board would likely have additional meetings in the upcoming year of 2016 to hear

from the consultant and review the boundaries and eligibility. Ms. Prussing inquired about the

timeline of the new TIF being established. Ms. Tyler stated that it would be a 6-8 month endeavor

since most of the background work had been completed. City staff addressed questions and

comments from members of the Board.

VIII. COMMENTS & QUESTIONS

There were none.

IX. ADJOURNMENT

The meeting was adjourned at 9:43 a.m. by Mayor Prussing.

Respectfully submitted,

Brandon S. Boys, TIF Administrator

DEPARTMENT OF COMMUNITY DEVELOPMENT SERVICES

Economic Development Division

m e m o r a n d u m

TO: Mayor Laurel Lunt Prussing

FROM: Brandon S. Boys, Economic Development Manager & TIF Administrator

DATE: June 10, 2016

SUBJECT: Central Redevelopment Project Area: TIF Redevelopment Plan & Project

Introduction & Background

Over the past several months, City staff has been working closely with the firm of PGAV Planners and

with members of the Joint Review Board to review the potential for a new and revised tax increment

finance district within Downtown Urbana in order to continue the work of redevelopment and economic

revitalization of the downtown.

On March 7, 2016, the Urbana City Council approved a resolution declaring the intent of the City to

establish a new Tax Increment Financing (TIF) District in Downtown Urbana (Res. No. 2016-02-008R).

Pursuant to this Resolution, a Draft Tax Increment Financing Redevelopment Plan & Project has been

prepared for the Central Redevelopment Project Area and was placed on file with the City Clerk on May

13, 2016. A link to this report is available at: http://urbanaillinois.us/central-tif-plan. Hard copies of this

document are available upon request.

On May 23, 2016, the Urbana City Council passed Ordinance No. 2016-05-040, Fixing a Time for a

Public Hearing in Connection with the Proposed Designation of a Central Redevelopment Project Area,

Approval of a Redevelopment Plan and Redevelopment Projects and Adoption of Tax Increment

Financing and Related Matters. This Ordinance set the public hearing for July 11, 2016 at 7:00 p.m. at

the Urbana City Building, City Council Chambers. Notice of the public hearing has been sent to all

affected taxing bodies and to the Illinois Department of Commerce and Economic Opportunity via

certified mail. The public hearing must be published twice at specified time frames and certified notice

sent to property owners within the redevelopment area.

Also on May 23, 2016, the Urbana City Council passed Ordinance No. 2016-05-041, Authorizing the

Establishment of Tax Increment Financing “Interested Parties” Registries and Adopting Registration

Rules for Such Registries. Pursuant to these rules, the City has sent notice of the availability of the Plan

to all parties registered on the Interested Parties Registry and to all residential addresses within 750 feet

of the boundaries of the proposed TIF District.

Following the public hearing on July 11, 2016, the Redevelopment Plan documents will be finalized and

presented to the City Council for consideration on July 25th, with consideration for final adoption

anticipated on August 1, 2016.

Role of the Joint Review Board

In addition to meeting annually to review a TIF District’s progress and review the annual report, the TIF

Joint Review Board is the advisory body which reviews the Redevelopment Plan & Project for the

creation of a new TIF District and makes a recommendation to the City Council. The JRB approve or

disapprove the attached resolution which states that the redevelopment plan and project meets the

eligibility criteria defined in the TIF Act, the plan requirements, and one or more objectives of the TIF

Act. The resolution is then forwarded to the City Council.

Proposed Downtown TIF

The proposed Urbana Central Redevelopment Area would provide a funding source for economic

incentives for private development as well as a source of capital for catalyzing public infrastructure

investments through the end of 2040. Specifically, this proposed Central TIF is intended to:

• replace the expiring TIF 1,

• include underutilized properties currently within TIF 2,

• include publicly owned properties in need of reinvestment,

• release property that has been successfully developed within TIF 2 back onto the regular tax

rolls, and

• set a new tax baseline that redeems over $7.8 million in EAV back to all taxing districts.

As shown on the attached map, the Central TIF would include core business properties currently within

the expiring TIF 1, including many of the historic buildings along Main Street, Broadway Avenue, and

Race Street. The Central TIF would also include those portions of TIF 2 that have not yet seen

reinvestment and are adjacent to the core. While TIF 1 is set to expire at the end of this calendar year,

the properties remaining in TIF 2 would continue to generate increment until the expiration of TIF 2 in

2022. This ongoing TIF 2 increment is necessary to repay the City’s debt obligation for the recent public

improvements to the Boneyard Creek, Race Street and Broadway Avenue, as well as for ongoing

incentives under existing development agreements.

The overall objectives of the Redevelopment Plan include the following:

1. Reduce or eliminate those conditions that qualify the Area as eligible for tax increment

financing by carrying out the Redevelopment Plan.

2. Prevent the recurrence of blighting conditions.

3. Enhance the real estate tax base for the City and all overlapping taxing districts through

the implementation and completion of the activities identified herein.

4. Encourage and assist private investment in the redevelopment of the Area through the

provision of financial assistance as permitted by the Act.

5. Provide for safe and efficient traffic circulation within the Area.

6. Create affordable options for both residential housing and business startups in the Area.

7. Complete all public and private actions required in this Redevelopment Plan in an

expeditious manner.

A new TIF District is expected to be vital in the implementation of elements of the 2012 Downtown

Plan, the 2008 Boneyard Creek Master Plan, the 2010 Signage and Wayfinding Study, the 2014

Intergovernmental Agreement with the Champaign-Urbana Mass Transit District for a new Downtown

Transit Facility, and the 2014 – 2017 City Council and Mayor Goals. All of these documents pertaining

to the revitalization of Downtown Urbana were created after the most recent downtown TIF extensions

and redevelopment plan amendments in 2004 and 2005. Therefore, each of the City’s relevant plans can

be newly considered as part of the redevelopment plan for the Central TIF District. The new TIF

redevelopment plan would also be kept in alignment with the 2005 Comprehensive Plan.

Among the near-term projects that are anticipated to be covered by the new TIF are the redevelopment

of the 200 South Vine Street Redevelopment Block north of City Hall; further renovations to the Urbana

Landmark Hotel; and facilitation of the sale and redevelopment of the former Washington School on

North Broadway Avenue. Other potential major private redevelopment sites in the new TIF include the

following:

• North Crane Alley (former Jolly Roger)

• Sites adjacent to Leal Park at University & Race

• Southwest corner at Five Points (old Blockbuster)

• Southeast corner of Main and Vine Streets

• Parking lot on Broadway Ave north of Black Dog

• School Administration Building (assuming suitable alternative locations for existing tenants)

• South parking lots of Lincoln Square

Potential public infrastructure projects that could be accommodated by the new TIF include the

following:

• Boneyard Creek Segments 1 & 2

• CUMTD Transit Facility

• Downtown Rail-Trail Facility

• Crystal Lake / Leal Park Improvements

• County Jail / Sheriff’s Office (dependent on County’s decision for use of site)

• Additional Downtown Streetscape and Wayfinding Improvements

In addition, the new TIF will allow for continuation of key economic development programs to help

ensure the continued success of the area, including business start-up grants, redevelopment incentive

programs, public art installations, special event support, and marketing and business support activities.

Fiscal Impacts

As noted above, TIF 1 would be closed in coordination with the creation of the Urbana Central

Redevelopment Area, resulting in the return of at least $6.3 million in EAV to the general tax base for

the City and all taxing partners. In addition, the removal of many parcels from TIF 2 for the purpose of

bringing them into the Central TIF will return approximately $1.5 million in additional EAV to the

general tax base. This combined tax base increase of approximately $7.8 million would result in

approximately $827,510 annually to all taxing districts, with $105,690 accruing in revenues to the City

of Urbana each year, financially benefitting the general fund of the City of Urbana as well as that of the

overlapping taxing bodies.

Parcels not removed from TIF 2 would continue to generate incremental revenues through 2022. Those

TIF 2 revenues would be used to meet all ongoing incentive obligations as well as to pay the City’s

annual $930,000 debt service obligation through 2022 for the bond-funded Boneyard Creek, Race Street

and Broadway Avenue improvements.

Prepared By:

__________________________________________

Brandon S. Boys, Economic Development Manager, TIF Administrator

Attached: Proposed Redevelopment Project Area Boundary Map

Map of TIF 2 Increment in Proposed Boundary Amendment

City Council Ordinances:

Ord. Adopting Redevelopment Plan & Project for Central TIF

Ord. Designating Central Redevelopment Project Area

Ordinance Adopting TIF Financing for Central TIF

JRB Resolution Concerning Central Redevelopment Project Area

Central TIF District Overview Powerpoint Presentation

Cc: Mike Weber, PGAV

Ken Beth, TIF Attorney

6/10/2016

Urbana Central TIF District

June 15, 2016

Elizabeth Tyler, Community Development Director

Brandon Boys, Economic Development Manager

Whatis a TIF District?

• Tax Increment Financing (TIF) is a means by which

municipalities achieve a level of community and

economic development beyond current market

expectations.

• Throughout the State of Illinois in communities of all

sizes, TIF is the most important and most commonly

used local economic development tool available.

• Tax Increment is the difference between the

property tax revenue generated before and after the

TIF district designation.

6/10/2016

Urbana’s TIF Districts

• Downtown TIF District #1 became effective in 1981;

and was extended in 2004. TIF 1 will expire in 2016.

• Downtown TIF District #2 became effective in 1987

and was extended in 2005. TIF 2 will expire in 2022.

• King Park/North Campus TIF District #3 became

effective in 1991 and was retired in 2013.

• North Cunningham TIF District #4 became effective

in 2001 and will expire in 2025.

How does TIF work?

• Four main locally administered components:

• Development/Redevelopment Agreements

• Individually approved by City Council

• Redevelopment/Business Grants

• Site Assembly, Marketing and District Activation

• Public Infrastructure Improvements

6/10/2016

Howdo government agencies

participate in TIF administration?

• The City of Urbana hosts annual Joint Review Board

meetings with representatives from:

• Champaign County

• School District

• Park District

• Cunningham Township

• Parkland College

• Champaign County Forest Preserve

• CUMTD

Comparing the Current and Proposed

DowntownTIF Districts

• The current Downtown TIFs 1 & 2 have nearly

reached the end of their useful lives, yet there is still

much left to do to achieve a thriving Downtown.

• The proposed Central TIF would include the core

Downtown area that has primarily been in TIF 1 and

adjacent portions of TIF 2 that have not seen

redevelopment.

• The proposed Central TIF would also include a

portion of Crystal Lake Park and the former

Washington School at the request of our partners.

6/10/2016

ProposedTIF

Boundary

• The new boundary

will focus on areas of

stagnant EAV growth,

older building stock,

underutilized

properties, and

challenging infill

redevelopment sites.

• It is also inclusive of

multiple sites for

public infrastructure

investment.

Comparing the Current and Proposed

DowntownTIF Districts

• The formation of the Central TIF would coincide with

the closure of TIF 1 as well as a “de?TIFing” of

portions of TIF 2.

• These actions combined will return approximately

$7.8 million in EAV to the general tax base.

• Approximately $6.3 million from TIF 1 closure

• Approximately $1.5 million from TIF 2 “de?TIFing”

6/10/2016

Anticipated CentralTIF Projects

• A new TIF District is created with no funds. It

must generate EAV increases to create funding.

• As such, private projects that occur early in the

life of the TIF must directly generate the

revenues for their incentives.

• Later in the life of a TIF, successful EAV growth

allows for expenditure on public infrastructure.

Anticipated CentralTIF Projects

• 200 South Vine Block Redevelopment

• Property assembled with TIF 2 funds

• TWG Development selected for project

• Proposed $30 million apartment building

• 190+ market?rate units, not student?focused

• Underground parking, 5,000 sf commercial

• This potential project would primarily derive its

incentives from the increased property taxes on

the post?project value of the site.

6/10/2016

Anticipated CentralTIF Projects

• Urbana Landmark Hotel

• Prospective buyer

• Interested in full hotel renovation and reactivation

including restaurant and conference center

• This potential project would primarily derive its

incentives from the increased property taxes on

the post?project value of the site and the

increased hotel?motel tax revenue.

Anticipated CentralTIF Projects

• Former Washington School

• School District trying to sell

• Prospective buyers have contacted the City about

TIF incentives for renovation and reuse.

• This potential project would primarily derive its

incentives from the increased property taxes on

the post?project value of the site.

6/10/2016

Anticipated CentralTIF Projects

• Other Potential Major Private Sites

• North Crane Alley (former Jolly Roger)

• Sites adjacent to Leal Park at University & Race

• Southwest corner at Five Points (old Blockbuster)

• Southeast corner of Main and Vine Streets

• Parking lot on Broadway Ave north of Black Dog

• School Administration Building (assuming suitable

alternative locations for existing tenants)

• South parking lots of Lincoln Square

Anticipated CentralTIF Projects

• Potential Public Projects

• Boneyard Creek Segments 1 & 2

• CUMTD Transit Facility

• Downtown Rail?Trail Facility

• Crystal Lake / Leal Park Improvements

• County Jail / Sheriff’s Office (dependent on

County’s decision for use of site)

• Additional Downtown Streetscape Improvements

6/10/2016

ProposedTimeline for CentralTIF

• Draft Central TIF Plan – Available now online

• TIF Joint Review Board Meeting – June 15th

• Public Hearing – July 11th

• Introduce Ordinances – July 25th

• Central TIF Adoption – August 1st

Summary ofIntent of CentralTIF

• Replace the expiring TIF 1 to continue work of

revitalizing Downtown Urbana

• Include underutilized properties from the

current TIF 2 by “de?TIFing”

• Include many options for publicly owned

property and infrastructure in need of

reinvestment

• Release property that was successfully

developed back onto the regular tax rolls, and

• Set a new tax baseline that redeems over $7.8

million in EAV back to all taxing districts

6/10/2016

Thank you!

Questions?

Legend

Proposed Redevelopment Project Area

TIF 1

TIF 2

o February 2016

0 210 420 840

Feet

Proposed Redevelopment Project

Area Boundary Map

Central Redevelopment Project Area

City of Urbana, Illinois

Base parcel data provided by Champaign County GIS Consortium

W Main St

W Elm St

W High St

N Broadway Ave

W Illinois St

W Green St

Kerr Ave

N Maple St

E Elm St

Grove St

W California Ave

N Coler Ave

Birch St

E Main St

W University Ave

N Race St

W Park St

N Busey Ave

Cunningham Ave

Cedar St

S Vine St

Springfield Ave

Griggs St

Church St

S Race St

S Maple St

E Illinois St

N Vine St

Urbana Ave

Division Ave

S Coler Ave

E Green St

Cedar Aly

S Busey Ave

Stoughton St

E University Ave

E California Ave

Linview Ave

S Orchard St

Clark St

Fish Aly

S McCullough St

Crystal Lake Dr

Fairview Ave

Stebbins Dr

Broad Aly

E High St

Hill St

E Water St

W Sunset Dr

Franklin St

Western Ave

Barr Ave

Oakland Ave

Sassafrass Aly

N Orchard St

E Park St

High Aly

Geraldine Ave

Pine Aly

S Walnut St

Lake St

S Broadway Ave

Goose Aly

W Water St

Wood St

N Highlands Dr

Chapin St

N Walnut St

Gravel Rd

Courtesy Rd

Central Ave

N McCullough St

Buena Vista Ct

Crane Aly

N Coler Ave

N McCullough St

N Orchard St

N Busey Ave

High Aly

W Park St

Oakland Ave

S Broadway Ave

N McCullough St

Legend

Proposed Redevelopment Project Area

Tax Exempt

No Gain

$1 - $10,000

$10,000 - $49,999

$50,000 - $99,999

$100,000 or More

o May 2016

0 200 400 800

Feet

EAV Increment for Tax

Year 2015 Inside

Proposed TIF

Central Redevelopment Project Area

City of Urbana, Illinois

Base parcel data provided by Champaign County GIS Consortium

OUT

EAV Increment of Portion of TIF 2 Inside Proposed TIF: $1,514,140

(1)

ORDINANCE NO. ______

AN ORDINANCE ADOPTING AND APPROVING THE

REDEVELOPMENT PLAN AND THE RELATED

REDEVELOPMENT PROJECTS FOR THE PROPOSED

CENTRAL REDEVELOPMENT PROJECT AREA OF THE

CITY OF URBANA, CHAMPAIGN COUNTY, ILLINOIS

WHEREAS, the City of Urbana, Champaign County, Illinois (the “Municipality”), acting

through its City Council (the “Corporate Authorities”) and other officers and representatives, has

duly noticed, held and conducted all proceedings, including the required public hearing and joint

review board action preliminary to the designation of the Central Redevelopment Project Area (the

“Redevelopment Project Area”), the approval of the Tax Increment Financing Redevelopment

Plan and Project (the “Redevelopment Plan”) including the related redevelopment projects

described therein (the “Redevelopment Projects”) and the adoption of tax increment financing to

finance the Redevelopment Plan and the Redevelopment Projects, all under and pursuant to the Tax

Increment Allocation Redevelopment Act (65 ILCS 5/11-74.4-1 et seq.), as supplemented and

amended (the “Act”); and

WHEREAS, pursuant to Ordinance No. 2016-05-040, adopted May 23, 2016, the Corporate

Authorities set 7:00 p.m. on Monday, July 11, 2016, at the Urbana City Building, 400 S. Vine

Street, Urbana, Illinois, as the time and place for a public hearing as required under Section 11-

74.4-5 of the Act, which such public hearing was held and conducted at such time and place and

thereafter completed and closed on such date.

NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY

OF URBANA, CHAMPAIGN COUNTY, ILLINOIS, as follows:

Section 1. Under the Act, the Municipality hereby adopts and approves the Redevelopment

Plan, including the related Redevelopment Projects, for the Redevelopment Project Area and hereby

ratifies, confirms, adopts and approves as true, complete and correct all findings and certifications

made therein.

Section 2. The Redevelopment Plan shall be in the form presented to the Corporate

Authorities at the time this Ordinance is adopted. The Redevelopment Plan as so adopted and

approved shall be on file with this Ordinance in the records of the City Clerk (but any failure to so

file it shall not abrogate, diminish or impair its effect).

Section 3. The City Clerk shall file or cause to be filed a certified copy of this Ordinance

and a copy of the Redevelopment Plan with the County Clerk of Champaign County, Illinois.

-2-

Upon motion by Council Member __________________, seconded by Council Member

_________________, adopted this _____ day of ____________, 2016, by roll call vote, as follows:

Voting “Aye” (names): _______________________________________________________________

_______________________________________________________________

Voting “Nay” (names): _______________________________________________________________

_______________________________________________________________

Absent (names): _______________________________________________________________

PASSED this _____ day of ____________, 2016.

__________________________________________

Phyllis D. Clark, City Clerk

APPROVED this ____ day of ____________, 2016.

__________________________________________

Laurel Lunt Prussing, Mayor

STATE OF ILLINOIS )

COUNTY OF CHAMPAIGN ) SS.

CITY OF URBANA )

CERTIFICATION OF ORDINANCE

I, Phyllis D. Clark, do hereby certify that I am the duly selected, qualified and acting City

Clerk of the City of Urbana, Champaign County, Illinois (the “Municipality”), and as such official

I am the keeper of the records and files of the Municipality and of its City Council (the “Corporate

Authorities”).

I do further certify that the attached ordinance constitutes a full, true and correct excerpt

from the proceedings of the Municipality’s Corporate Authorities held on ____________ ____,

2016, insofar as same relates to the adoption of Ordinance No. ____, entitled:

AN ORDINANCE ADOPTING AND APPROVING THE

REDEVELOPMENT PLAN AND THE RELATED

REDEVELOPMENT PROJECTS FOR THE PROPOSED

CENTRAL REDEVELOPMENT PROJECT AREA OF THE

CITY OF URBANA, CHAMPAIGN COUNTY, ILLINOIS,

a true, correct and complete copy of which ordinance as adopted at such meeting appears in the

minutes of such meeting and is hereto attached. Such ordinance was adopted and approved on the

date thereon set forth by not less than a affirmative vote of a majority of the Corporate Authorities

and approved by the Mayor on the date indicated thereon.

I do further certify that the deliberations of the Corporate Authorities on the adoption of the

above ordinance were taken openly, that the vote on the adoption of such ordinance was taken

openly and was preceded by a public recital of the nature of the matter being considered and such

other information as would inform the public of the business being conducted, that such meeting

was held at a specified time and place convenient to the public, that the agenda for the meeting was

duly posted on the City’s website and at the Urbana City Building at least 48 hours prior to the

meeting; that notice of such meeting was duly given to all of the news media requesting such notice,

that such meeting was called and held in strict compliance with the provisions of the open meetings

laws of the State of Illinois, as amended, and the Illinois Municipal Code, as amended, and that the

Corporate Authorities have complied with all of the applicable provisions of such open meetings

laws and such Illinois Municipal Code and their procedural rules in the adoption of such ordinance.

IN WITNESS WHEREOF, I hereunto affix my official signature and the seal of the City

of Urbana, Champaign County, Illinois, this ____ day of _______________, 2016.

__________________________________________

City Clerk

(SEAL)

(2)

ORDINANCE NO. ______

AN ORDINANCE DESIGNATING THE CENTRAL

REDEVELOPMENT PROJECT AREA OF THE CITY OF

URBANA, CHAMPAIGN COUNTY, ILLINOIS

WHEREAS, the City Council of the City of Urbana, Champaign County, Illinois (the

“Municipality”) has adopted and approved the Tax Increment Financing Redevelopment Plan &

Project (the “Redevelopment Plan”), including the related redevelopment projects described

therein (the “Redevelopment Projects”), for the Municipality’s proposed Central Redevelopment

Project Area (as more particularly described in the Redevelopment Plan and in Exhibit A attached

hereto, the “Redevelopment Project Area”) under the Tax Increment Allocation Redevelopment

Act (65 ILCS 5/11-74.4-1 et seq.) as supplemented and amended (the “Act”); and

WHEREAS, pursuant to Ordinance No. 2016-05-040, adopted May 23, 2016, the Corporate

Authorities set 7:00 p.m. on Monday, July 11, 2016, at the Urbana City Building, 400 S. Vine

Street, Urbana, Illinois, as the time and place for a public hearing as required under Section 11-

74.4-5 of the Act, which such public hearing was held and conducted at such time and place and

thereafter completed and closed on such date.

NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY

OF URBANA, CHAMPAIGN COUNTY, ILLINOIS, as follows:

Section 1. The Municipality hereby designates the real estate as more particularly described

in the Redevelopment Plan and in Exhibit A attached hereto and hereby incorporated herein by this

reference thereto, as a “redevelopment project area” under the Act and as the Redevelopment

Project Area hereunder.

Section 2. The City Clerk shall file a certified copy of this Ordinance, together with: (i) the

legal description of the Redevelopment Project Area, (ii) a map of the Redevelopment Project Area,

and (iii) a list of each parcel or tax identification number of each parcel of real estate within the

Redevelopment Project Area, with the County Clerk of Champaign County, Illinois. Such County

Clerk shall use the year 2015 in determining the total initial equalized assessed value of the

Redevelopment Project Area under Section 11-74.4-9 of the Act.

Upon motion by Council Member __________________, seconded by Council Member

_________________, adopted this _____ day of ____________, 2016 by roll call vote, as follows:

Voting “Aye” (names): _______________________________________________________________

_______________________________________________________________

Voting “Nay” (names): _______________________________________________________________

_______________________________________________________________

Absent (names): _______________________________________________________________

-2-

PASSED this _____ day of ____________, 2016.

__________________________________________

Phyllis D. Clark, City Clerk

APPROVED this _____ day of ____________, 2016.

__________________________________________

Laurel Lunt Prussing, Mayor

Exhibit A

Boundary Description

LEGAL DESCRIPTION FOR CENTRAL REDEVELOPMENT PROJECT AREA

CITY OF URBANA, CHAMPAIGN COUNTY, ILLINOIS

STATE OF ILLINOIS )

COUNTY OF CHAMPAIGN ) SS.

CITY OF URBANA )

CERTIFICATION OF ORDINANCE

I, Phyllis D. Clark, do hereby certify that I am the duly selected, qualified and acting City

Clerk of the City of Urbana, Champaign County, Illinois (the “Municipality”), and as such official

I am the keeper of the records and files of the Municipality and of its City Council (the “Corporate

Authorities”).

I do further certify that the attached ordinance constitutes a full, true and correct excerpt

from the proceedings of the Municipality’s Corporate Authorities held on ____________ ____,

2016, insofar as same relates to the adoption of Ordinance No. ______, entitled:

AN ORDINANCE DESIGNATING THE CENTRAL

REDEVELOPMENT PROJECT AREA OF THE CITY OF

URBANA, CHAMPAIGN COUNTY, ILLINOIS,