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S-1121 - 06/06/2005 - TIF - Ordinances Supporting DocumentsJ 4. A. 1) of the Village's staff as he then suggested that this was a "no brainer ". Trustee Manofsky explained that when she was a candidate, she had stated that she would not vote on this issue as her family and her are also recipients of TIF funds. Her husband is a partner with Mr. Hiffman on approximately twenty buildings but she did want the record to show that they are not involved in this project at all. The buildings they own with Mr. Hiffman are all industrial properties and most of them are in South Carolina. She wanted to be on the record for having said this and she will excuse herself from voting. ROLL CALL VOTE: Ayes: 4 - Trustee Craig, Kennedy, Sanford and Yusuf. Nays: 0 - None. Absent: 0 -None. Trustees Aktipis and Manofsky recused themselves from voting. f 2) Discussion and Possible Passage of An Ordinance Designating the Village of ^ %0ak Brook TIF #1 Butterfield - Meyers Road Redevelopment Project Area A� President requested a motion for passage of Ordinance 2005 -TIF -EX4 -S -1121, % "An Ordinance Designating the Village of Oak Brook TIF #1 Butterfield - Meyers Road Redevelopment Project Area." Motion by Trustee Kennedy, seconded by Trustee Yusuf, to approve passage of Ordinance 2005 -TIF -EX4 -S -1121, "An Ordinance Designating the Village of Oak Brook TIF #1 Butterfield - Meyers Road Redevelopment Project Area." ROLL CALL VOTE: Ayes: 4 - Trustee Craig, Kennedy, Sanford and Yusuf. Nays: 0 - None. Absent: 0 -None. Trustees Aktipis and Manofsky recused themselves from voting. 3) Discussion and Possible Passage of An Ordinance Adopting Tax Increment Financing for the Village of Oak Brook, Cook and DuPage Counties, Illinois, in Connection with the Designation of the Village of Oak Brook TIF #1 Butterfield - Meyers Road Redevelopment Project Area President Quinlan sought a motion for passage of Ordinance 2005- TIF- EX3 -S- 1122, "An Ordinance Adopting Tax Increment Financing for the Village of Oak Brook, Cook and DuPage Counties, Illinois, in Connection witht Designation of the Village of Oak Brook TIF 41 Butterfield- Meyers Road Redevelopment Project Area." Motion by Trustee Kennedy, seconded by Trustee Yusuf, to approve passage of ILLAGE OF OAK BROOK Minutes Page 6 of 9 June 6, 2005 ,K 1� ,J111 4� 1.200 Oak Brook Road ; r' Oak Brook, 1L 60523 -2255 a i M nn-_,l ^^.J ; zz{ �3 ,3 A�rx�s7Ilr5i�':a�:L�=' 630 990 3000 FAX 630 990 0876 Cmmunity Deyelopmeut 630 990 3045 FAX 630 990 3985 Ea reer- !ng Deuarga ent 630 990 3010 FAX 630 990 3985 Fafl ° Department � 630 990 3040 FAl�' 630 990 2392 Police Deimmmeut 630 990 2358 FAX 630 990 7484 Public NVorks Department 630 990 3044 FAX 630 472 0223 Oak Brook Public Librnr- 600 Oak Brook Road Oak Stook, IL 60523 -2200 630 990 2222 FAX 630 990 4509 Oak B; orate Supras Core j� Bath t% TP.iiliiS t".,1Aai3 700 Oak Brook Roadj Oak Bt ook. IL 60523 -4600 j 630 990 3020 ; + FAX 630 990 1002 j Gott rluji 2606 Yotk Road + Oak Brook. 1160523-4602 630 990 3032 = F _X 630 990 02=x5 June 30, 2005 Mr. Gary A. King DuPage County Clerk 421 North County Farm Road Wheaton, Illinois 60187 Via Certified Mail Re. Village of Oak Brook Tax Increment Financing Ordinances Dear Mr. King: Enclosed please find certified copies of ordinances recently passed by the President and Board of Trustees of the Village of Oak Brook in regard to the TIF #1 Butterfield- Meyers Road Redevelopment Plan and Project, as per the requirement of those ordinances to be filed with each County. Sincerely, Linda K. Gonnella, CMC Village Clerk LKG /rak pFOq�,\ P �9 d o G 9cFC0UNYI Village of Oak Brook 1200 Oak Brook Road Oak Brook, IL 60523 -2255 Website www.oak - brook.org Administration 630 990 3000 FAX 630 990 0876 Community Development 630 990 3045 FAX 630 990 3985 Engineering Department 630 990 3010 FAX 630 990 3985 Fire Department 630 990 3040 FAX 630 990 2392 Police Department 630 990 2358 FAX 630 990 7484 Public Works Department 630 990 3044 FAX 630 472 0223 Oak Brook Public Library 600 Oak Brook Road Oak Brook, IL 60523 -2200 630 990 2222 FAX 630 990 4509 Oak Brook Sports Core Bath & Tennis Club 700 Oak Brook Road Oak Brook, IL 60523 -4600 630 990 3020 FAX 630 990 1002 Golf Club 2606 York Road Oak Brook, IL 60523 -4602 630 990 3032 FAX 630 990 0245 June 23, 2005 Ms. Mary Riordan Mary Riordan, Ltd. 980 North Michigan Avenue Suite 950 Chicago, Illinois 60611 RE: Certified Copies of Ordinances Dear Ms. Riordan: Per your request, enclosed please find two (2) sets of certified copies of the ordinances affecting Oak Brook Promenade, which passed June 6, 2005. Also, enclosed please find a copy of the Liquor Control section of the Village of Oak Brook Village Code. Finally, enclosed are two (2) original Redevelopment Agreements for completion and signature by pertinent parties. Please return both originals to Richard Boehm so that they can be finalized. A pre- addressed envelope is included for your convenience. Thank you for your attention to this matter. Sincerely, Rosemary A. Kane Legal Department enclosures cc Richard Boehm , UN V! t: , 1200 Oak Riooi< Road ii ;yak Biook, 1L 60523 -2255 ; Aleosite A illznsas�fl a ion i 530 990 3000 ; FAX 630 990 0876 i� Coin h! U- -n2 '/ I'De 271,0+oam °nd 630 990 3045 FAX 630 990 3935 z a- Peering _'e-oar$FTI eflit 630 9903010 FAX 630 990 3935 F:1 e Depanrnieni 630 990 3040 FAX'630 990 2392 Pohc? Department 630 990 2353 FAX 630 990 7484 public Wor'rs Deuaa tment 630 990 3044 FAX 630 472 0223 Qal{ B rt9O4{ 600 Oak 31ook R<;ad Oak Biook, xL 660523 -2200 630 990 2222 FA, -K 630 990 4509 1Diak Liih sooF s Car-- uli3 Tennis Club i 700 Oak Biool< Road ! Oak Biook IL 60523 -4600 630 990 3020 , 530 990 ; 002 I I 13 1i i X605 i Otic \Vad Oak 3iook 1L 6052-3—Lo ; 630 990 3032 A`, 630 990 0245 as June 30, 2005 Mr. David Orr Cook County Clerk 69 West Washington, Stn Floor Chicago, Illinois 60602 Via Certified Mail Re: Village of Oak Brook Tax Increment Financing Ordinances Dear Mr. Orr: Enclosed please find certified copies of ordinances recently passed by the President and Board of Trustees of the Village of Oak Brook in regard to the TIF #1 Butterfield- Meyers Road Redevelopment Plan and Project, as per the requirement of those ordinances to be filed with each County. Sincerely, L/YldfO' 6'41 Linda K. Gonnella, CMC Village Clerk LKG /rak STA'T'E OF ILLINOIS ) SS. COUNTIES OF COOK AND DUPAGE ) I, Linda K. Gonnella, do hereby certify that I am the duly elected and acting Village Clerk of the Village of Oak Brook, DuPage and Cook Counties, Illinois. I DO FURTHER CERTIFY that on June 6, 2005 authorities of the above municipality passed Ordinance 2005 -TX- TIF -EX4 -S -1120 4 , the corporate and approved AN ORDINANCE APPROVING THE VILLAGE OF OAK BROOK TIF #1 BUTTERFIELD- MEYERS ROAD REDEVELOPMENT PLAN AND PROJECT I DO FURTHER CERTIFY that the original document, of which the annexed copy is a true copy, is entrusted to my care for safekeeping and I am the keeper of the same. I DO FURTHER CERTIFY that I am the keeper of the records, journals, entries, resolutions, ordinances and documents of the said Village of Oak Brook, DuPage and Cook Counties, Illinois. IN THE WITNESS WHEREOF, I have hereunto set my hand and affixed the corporate seal of the Village of Oak Brook this 30th day of June � 20 05. o i m �3� �\ ' r f a ♦ '. Linda K. Gonnella, CMC Village Clerk Village of Oak Brook DuPage and Cook Counties, IL awpl S'T'ATE OF ILLINOIS SS. COUNTIES OF COOK AND DUPAGE ) I, Linda K. Gonnella, do hereby certify that I am the duly elected and acting Village Clerk of the Village of Oak Brook, DuPage and Cook Counties, Illinois. I DO FURTHER CERTIFY that on JUne 6, 2005 authorities of the above municipality Ordinance 2005 - TIF -EX4 -S -1121 , passed , the corporate and approved AN ORDINANCE DESIGNATING THE VILLAGE OF OAK BROOK TIF #1 BUTTERFIELD- MEYERS ROAD REDEVELOPMENT PROJECT AREA I DO FURTHER CERTIFY that the original document, of which the annexed copy is a true copy, is entrusted to my care for safekeeping and I am the keeper of the same. I DO FURTHER CERTIFY that I am the keeper of the records, journals, entries, resolutions, ordinances and documents of the said Village of Oak Brook, DuPage and Cook Counties, Illinois. IN THE WITNESS WHEREOF, I have hereunto set my hand and affixed the corporate seal of the Village of Oak Brook this 30th day of June � 20 05 Linda K. Gonnella, CMC Village Clerk Village of Oak Brook DuPage and Cook Counties, IL STATE OF ILLINOIS ) SS. COUNTIES OF COOK AND DUPAGE ) 1, Linda K. Gonnella, do hereby certify that I am the duly elected and acting Village Clerk of the Village of Oak Brook, DuPage and Cook Counties, Illinois. I DO FURTHER CERTIFY that on June 6, 2005 , the corporate authorities of the above municipality passed and approved Ordinance 2005 - TIF -EX3 -S -1122 AN ORDINANCE ADOPTING TAX INCREMENT FINANCING FOR THE VILLAGE OF OAK BROOK, COOK AND DUPAGE COUNTIES, ILLINOIS, IN CONNECTION WITH THE DESIGNATION OF THE VILLAGE OF OAK BROOK TIF # 1 BUTTERFIELD- MEYERS ROAD REDEVELOPMENT PROJECT AREA I DO FURTHER CERTIFY that the original document, of which the annexed copy is a true copy, is entrusted to my care for safekeeping and I am the keeper of the same. I ISO FURTHER CERTIFY that I am the keeper of the records, journals, entries, resolutions, ordinances and documents of the said Village of Oak Brook, DuPage and Cook Counties, Illinois. IN THE WITNESS WHEREOF, I have hereunto set my hand and affixed the corporate seal of the Village of Oak Brook this 30th day of June 2005 L Y 1 '..8�"•rq h� �rj+.� P � q \quell � ��,� rY'4 ��� r ?C_-•. ,`,ti 'aa' ; j � �� 1 -L �_ e (" " , �_� ]Linda K. Gonnella, CMC Village Clerk Village of Oak Brook DuPage and Cook Counties, IL 0 pq�.\ P 6 � d O G � O q � � CoUNT1 Village of Oak Brook 1200 Oak Brook Road Oak Brook, IL 60523 -2255 Website www.oak - brook.org Administration 630 990 3000 FAX 630 990 0876 Community Development 630 990 3045 FAX 630 990 3985 Engineering Department 630 990 3010 FAX 630 990 3985 Fire Department 630 990 3040 FAX 630 990 2392 Police Department 630 990 2358 FAX 630 990 7484 Public Works Department 630 990 3044 FAX 630 472 0223 Oak Brook Public Library 600 Oak Brook Road Oak Brook, IL 60523 -2200 630 990 2222 FAX 630 990 4509 Oak Brook Sports Core Bath & Tennis Club 700 Oak Brook Road Oak Blook, IL 60523 -4600 630 990 3020 FAX 630 990 1002 Golf Club 2606 Yolk Road Oak Brook, IL 60523 -4602 630 990 3032 FAX 630 990 0245 6 � January 10, 2006 NAI HIFFMAN One Oakbrook Terrace, Suite 600 Oakbrook Terrace, Illinois 60181 Re: Recorded Documents on December 20, 2005 ORDINANCE 2005- TX -TIF -EX4 -S 1f120/R2005- 281427 ORDINANCE 2005 -TIF- EX4- S- 112`1/R2005- 281428 ORDINANCE 2005- TIF- EX3- S- 1122/R2005- 281429 MEMORANDUM OF AGREEMENT /11- 1- 05/R2005- 281430 COVENANT TO PROHIBIT CERTAIN USES /12- 14- 05/R2005- 281431 Oak Brook Promenade /3001 -3003 & 3121 Butterfield Road and Vacant Parcel 5 at Butterfield Road and Meyers Road PIN #'s 06 -28- 103 -009, 06 -28- 103 -014, 06 -28- 103 -005 and 06 -28 -103 -018 and 06 -28- 103 -019 Dear Sirs: Copies of the above noted recorded documents are enclosed for your information These are important records and should be retained in a secure area within your files If you need any further assistance in this matter, feel free to contact me at 630 - 990 -5770 on Monday through Friday from 9am to 5pm Sincerely, Linda M. Andrys Records Management Clerk /lma Enclosures cc. Dale L. Durfey, Jr., Village Engineer Robert L. Kallien, Jr., Director of Community Development Official Files C� (mb (&°0 da Q Atty. Kenneth Kubiesa, 533 West North Ave., Suite 204, Elmhurst, IL 60126 Atty Mary Riordan, 980 North Michigan Ave, Suite 950, Chicago, IL 60611 /RECDOC /2006 - RECLTR -ORD 2005- TX -TIF- EX4 -S -I 120 -NAI HIFFMAN -O B PROMENADE- BUTTERFIELD & MEYERS RD FRED BUCHOLZII���� OUPFGE COUNTY RECORDER OEC20.2005 3:48 PM OTHER 06 -28- 103 -009 076 PAGES fl2005- 281428 (Above Space For Recorder's Office Only) VILLAGE OF OAK BROOK 1200 Oak Brook Road Oak Brook, Illinois 60523 -2255 RECORDED DOCUMENT TITLE PAGE Title of Document ORDINANCE 2005 - TIF -EX4 -S -1121 AN ORDINANCE DESIGNATING THE VILLAGE OF OAK BROOK TIF #1 BUTTERFIELD - MEYERS ROAD REDEVELOPMENT PROJECT AREA Property Address /es 3001 -3003 & 3121 BUTTERFIELD RD., AND VACANT PARCEL PARCEL 5 (If vacant land, state vacant land and list nearest cross streets, Oak Brook, IL 60523 ) AT BUTTERFIELD RD. AND MEYERS RD., DUPAGE COUNTY, ILLINOIS _ Pin /s Number 06 -28- 103 -009 AND 06 -28- 103 -014 06 -28- 103 -005 AND 06 -28- 103 -018 AND 06 -28- 103 -019 Name & Address of Applicant: NAI HIFFMAN _ ONE OAKBROOK TERRACE, SUITE 600, OAKBROOK TERRACE, IL 60181 Name & Address of Responsible NAI HIFFMAN Party to Receive Copy of ONE OAKBROOK TERRACE, SUITE 600 Recorded Document and Billing: OAKBROOK TERRACE, IL 60181 G/L Account # to be Charged: 10 -1365 etu rn Prepared By: Village of Oak Brook 1200 Oak Brook Road Oak Brook, Illinois 60523 Name & Address of Recipient of Consideration (when applicable): G/L Account # to be Charged: N/A I \ To: Village of Oak Brook 1200 Oak Brook Road Oak Brook, Illinois 60523 ORDINANCE 2005- TIF -EX4 -S -1121 AN ORDINANCE DESIGNATING THE VILLAGE OF OAK BROOK TIF #1 BUTTERFIELD- MEYERS ROAD REDEVELOPMENT PROJECT AREA WHEREAS, it is desirable and for the best interests of the citizens of the Village of Oak Brook, Cook and DuPage Counties, Illinois (the "Village "), for the Village to implement tax increment allocation financing pursuant to the Tax Increment Allocation Redevelopment Act, Division 74.4 of Article 11 of the Illinois Municipal Code, as amended (the "Act"), for a redevelopment plan and redevelopment project (the "Plan " and "Project") within the municipal boundaries of the Village and witlun a proposed redevelopment project area (the "Project Area ") described in Section 1 of this ordinance; and WHEREAS, the President and Board of Trustees of the Village (the "Corporate Authorities") have heretofore by ordinance adopted and approved the Plan and Project, which Plan and Project were identified in such ordinance and were the subject, along with the Project Area designation hereinafter made, of a public hearing held on the 10th day of May, 2005, and it is now necessary and desirable to designate the Project Area as a redevelopment project area pursuant to the Act. NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF OAK BROOK, COOK AND DUPAGE COUNTIES, ILLINOIS, as follows: Section 1. Area Designated. The Project Area, as described in EXHIBIT A attached hereto and incorporated herein as if set out in full by this reference, is hereby designated as a redevelopment project area pursuant to Section 11- 74.4 -4 of the Act. The street location (as near as practicable) for the Project Area is described in EXHIBIT B attached hereto and incorporated herein as if set out in full by this reference. The map of the Project Area is depicted on EXHIBIT C attached hereto and incorporated herein as if set out in full by this reference. Section 2. Invalidity of Any Section. If any section, paragraph or provision of this ordinance shall be held to be invalid or unenforceable for any reason, the invalidity or unenforceability of such section, paragraph or provision shall not affect any of the remaining provisions of this ordinance Section 3 Determination of Total Initial Equalized Assessed Valuation; Parcel Identification Numbers Identified It is hereby expressly found and determined that the year the County Clerk of the County of DuPage, Illinois (the "County Clerk") shall use for determining the total initial equalized assessed valuation of the Project Area is Q,004 It is further hereby expressly found and determined that the list of the parcel tax identification numbers for each parcel of property included in the Project Area is attached hereto as EXHIBIT D and included herein by this reference is a true, correct and complete list of said numbers for said parcels of property. Ordinance 2005- TIF -EX4 -S -1121 Designating TIF #1 Butterfield- Meyers Road Redevelopment Plan & Project Page 2 of 2 Section 4. Superseder and Effective Date. All ordinances, resolutions, motions or orders in conflict herewith be, and the same hereby are, repealed to the extent of such conflict, and this ordinance shall be in full force and effect Immediately upon its passage by the Corporate Authorities and approval as provided by law. Section 5 Transmittal to County Clerks. The Village Clerk Is hereby expressly directed to transmit forthwith to the Cook County Clerk and DuPage County Clerk a certified copy of this ordinance, which is hereby expressly found to include a legal description of the Project Area, a map of the Project Area, identification of the year that the County Clerks shall use for determining the total initial equalized assessed value of the Project Area and a list of the parcel of tax Identification number of each parcel of property included in the Project Area. APPROVED THIS 6t1i day of June, 2005. K in Quinlan( Illage President PASSED THIS 6'1' day of June, 2005. Ayes- Trustees Craig, Kennedy, Sanford and Yusuf Nays: None Absent: None Recuse: Trustees Aktipis and Manof sky P fr 01 v M'` T�rl r CO 11 fSl -2- ATTEST: Linda K Gonnella, CMC Village Clerk EXHIBIT A - LEGAL DESCRIPTION Conunonly known as: 3001 -3003 and 3121 Butterfield Road, Oak Brook, Illinois PARCEL 1 06 -28 -103 -009 LOT 2 OF BUTLER COMPANY M -1 INC ASSESSMENT PLAT NO. 2 EXCEPT THE WESTERLY 265 FEET THEREOF AS MEASURED ALONG THE NORTHERLY LINE THEREOF, AND EXCEPT THAT PART THEREOF DESCRIBED AS FOLLOWS: THAT PART OF LOT 2, AFORESAID, IN THE NORTH HALF OF SECTION 28, TOWNSHIP 39 NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN, ACCORDING TO THE PLAT THEREOF RECORDED JULY 8, 1964 AS DOCUMENT R64 -24069 IN DUPAGE COUNTY, ILLINOIS, MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHEAST CORNER OF SAID LOT 2, BEING THE POINT OF INTERSECTION OF THE SOUTH RIGHT OF WAY LINE OF F.A. ROUTE 131 WITH THE EXISTING CENTER LINE OF MEYERS ROAD; THENCE WESTERLY ALONG SAID SOUTH RIGHT OF WAY LINE, A DISTANCE OF 55.4 FEET TO A POINT ON THE EXISTING WEST RIGHT OF WAY LINE OF MEYERS ROAD FOR A POINT OF BEGINNING; THENCE SOUTHWESTERLY ALONG SAID WEST RIGHT OF WAY LINE WHICH FORMS AN ANGLE OF 58 DEGREES 25 MINUTES 31 SECONDS TO THE LEFT WITH A PROLONGATION OF THE LAST DESCRIBED COURSE, A DISTANCE OF 361.1 FEET TO A POINT, SAID WEST RIGHT OF WAY LINE BEING THE EAST LINE OF THE CHICAGO TITLE AND TRUST COMPANY, AS TRUSTEE UNDER TRUST NUMBER 46940 PROPERTY; THENCE NORTHEASTERLY ALONG A LINE WHICH FORMS AN ANGLE OF 176 DEGREES 08 MINUTES 00 SECONDS TO THE RIGHT WITH A PROLONGATION OF THE LAST DESCRIBED COURSE, A DISTANCE OF 347.5 FEET TO A POINT ON THE SOUTH RIGHT OF WAY LINE OF F.A. ROUTE 131; THENCE EASTERLY ALONG SAID SOUTH RIGHT OF WAY LINE, A DISTANCE OF 27.5 FEET TO THE POINT OF BEGINNING, BEING THE LAND CONVEYED TO THE PEOPLE OF THE STATE OF ILLINOIS, DEPARTMENT OF TRANSPORTATION BY DEED RECORDED JULY 29, 1974 AS DOCUMENT R74- 38411. PARCEL 2 06 -28 -103 -014 THAT PART OF NORTHERN ILLINOIS GAS COMPANY'S 82.5 FOOT RIGHT OF WAY KNOWN AS NORTHERN ILLINOIS GAS COMPANY YORK TOWNSHIP ASSESSMENT PLAT NO. 1 (PLAT DOCUMENT 950269) LYING SOUTH OF AND ABUTTING LOT 2 (EXCEPT THE WESTERLY 265, FEET AS MEASURED ALONG THE NORTHERLY LINE THEREOF), IN BUTLER COMPANY M -1 INC. ASSESSMENT PLAT NO. 2, OF PART OF THE NORTHWEST QUARTER OF SECTION 28, TOWNSHIP 39 NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN, ACCORDING TO THE PLAT THEREOF RECORDED JULY 81 1964 AS DOCUMENT R64- 24069, IN DUPAGE COUNTY, ILLINOIS; ALSO DESCRIBED AS FOLLOWS: THAT PART OF NORTHERN ILLINOIS GAS COMPANY PARCEL NO. NIG 2 -635 AS SHOWN ON NORTHERN ILLINOIS GAS COMPANY YORK TOWNSHIP ASSESSMENT PLAT NO. 1, DESCRIBED AS FOLLOWS: COMMENCING AT THE SOUTHEAST CORNER OF LOT 1 IN GLIDDEN SUBDIVISION, AS RECORDED OCTOBER 3, 1969 AS DOCUMENT R69 -43878 FOR A POINT OF BEGINNING, THENCE NORTH 65 DEGREES 27 MINUTES 37 SECONDS EAST ALONG THE NORTH LINE OF SAID PARCEL NIG 2 -63 (BEING ALSO THE SOUTHERLY LINE OF LOT 2 IN BUTLER COMPANY M -1 INC ASSESSMENT PLAT NO 2, AS RECORDED JULY 8, 1964 AS DOCUMENT R64- 24069), 517.90 FEET, MORE OR LESS, TO A POINT ON THE NORTHWESTERLY LINE OF NORTHERN ILLINOIS TOLL HIGHWAY PARCEL NO. E -2 -63.5; THENCE SOUTH 04 DEGREES 30 MINUTES 01 SECOND WEST ALONG SAID NORTHWESTERLY LINE OF PARCEL NO. E -2 -63.5, 94.36 FEET, MORE OR LESS, TO AN ANGLE POINT IN SAID NORTHWESTERLY LINE; THENCE SOUTH 65 DEGREES 27 MINUTES 37 SECONDS WEST ALONG SAID NORTHWESTERLY LINE OF PARCEL NO. E -2 -63.5, 465.95 FEET, MORE OR LESS, TO THE INTERSECTION OF THE SOUTHERLY EXTENSION OF THE AFOREMENTIONED EASTERLY LINE OF LOT 1 IN GLIDDEN SUBDIVISION WITH SAID NORTHWESTERLY LINE OF PARCEL NO. E -2 -63.5; THENCE NORTH 28 DEGREES 48 MINUTES WEST ALONG THE SOUTHERLY EXTENSION OF THE EASTERLY LINE OF SAID LOT 1 IN GLIDDEN SUBDIVISION 82.73 FEET, MORE OR LESS, TO THE POINT OF BEGINNING, ALL IN SECTION 28, TOWNSHIP 39 NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN, IN DUPAGE COUNTY, ILLINOIS. PARCEL 3 06 -28- 103 -005 LOT 1 IN GLIDDEN SUBDIVISION NO. 1, BEING A SUBDIVISION OF THE WESTERLY 265 FEET AS MEASURED ALONG THE NORTHERLY LINE THEREOF, OF LOT 2 IN BUTLER COMPANY M -1 INCORPORATED ASSESSMENT PLAT NO. 2 OF PART OF THE NORTHWEST QUARTER OF SECTION 283 TOWNSHIP 39 NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN, ACCORDING TO THE PLAT OF SAID GLIDDEN SUBDIVISION NO 1 RECORDED OCTOBER 3, 1969 AS DOCUMENT R69- 43878, IN DUPAGE COUNTY, ILLINOIS. PARCEL 4 06- 28- 103 -014 -2- THAT PART OF NORTHERN ILLINOIS GAS COMPANY PARCEL NO. NIG 2 -63 AS SHOWN ON NORTHERN ILLINOIS GAS COMPANY YORK TOWNSHIP ASSESSMENT PLAT NO. 1, DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHEAST CORNER OF LOT 1 IN GLIDDEN SUBDIVISION AS RECORDED OCTOBER 3, 1969 AS DOCUMENT R69 -43878 AND PROCEEDING SOUTH 28 DEGREES 48 MINUTES EAST ALONG A SOUTHERLY EXTENSION OF THE EAST LINE OF SAID LOT 1, A DISTANCE OF 82.73 FEET, MORE OR LESS, TO A POINT ON THE NORTHERLY LINE OF NORTHERN ILLINOIS TOLL HIGHWAY PARCEL E -2 -63.5; THENCE SOUTH 65 DEGREES 27 MINUTES 37 SECONDS WEST ALONG SAID NORTHERLY LINE 265.61 FEET, MORE OR LESS, TO THE INTERSECTION OF THE SOUTHERLY EXTENSION OF THE WESTERLY LINE OF LOT 2 IN BUTLER COMPANY M -1, INC. ASSESSMENT PLAT NO. 2 RECORDED JULY 8, 1964 AS DOCUMENT R64- 24069 AND THE AFOREMENTIONED NORTHERLY LINE; THENCE NORTH 28 DEGREES 48 MINUTES WEST ALONG SAID SOUTHERLY EXTENSION, 82.73 FEET, MORE OR LESS, TO THE SOUTHWEST CORNER OF LOT 2 IN THE AFOREMENTIONED BUTLER COMPANY ASSESSMENT PLAT (SAID CORNER BEING ON THE NORTH LINE OF NORTHERN ILLINOIS GAS COMPANY PROPERTY PARCEL NO. NIG 2 -63), THENCE NORTH 65 DEGREES 27 MINUTES 37 SECONDS EAST ALONG SAID NORTH LINE (SAID LINE BEING COINCIDENT WITH THE SOUTH LINE OF AFOREMENTIONED LOT 2), 265.61 FEET, MORE OR LESS, TO THE POINT OF BEGINNING, ALL IN SECTION 28, TOWNSHIP 39 NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN, IN DUPAGE COUNTY, ILLINOIS. PARCEL 5 06 -28- 103 -018 and 06- 28- 103 -019 THAT PART OF THE NORTHWEST QUARTER OF SECTION 28, TOWNSHIP 39 NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN, IN DUPAGE COUNTY, ILLINOIS, DESCRIBED AS FOLLOWS: BEGINNING AT THE EASTERLY MOST NORTHEAST CORNER OF LOT 5 IN HOMESTEAD VILLAGE, BEING A SUBDIVISION OF PART OF THE NORTHWEST QUARTER OF SAID SECTION 28 AND SECTION 29, ACCORDING TO THE PLAT THEREOF RECORDED SEPTEMBER 1, 1998 AS DOCUMENT 898- 179522, SAID POINT OF BEGINNING BEING ON THE SOUTHERLY LINE OF NORTHERN ILLINOIS GAS COMPANY ASSESSMENT PLAT NO. 1 PARCEL NO. NIG2 -63N ACCORDING TO THE PLAT THEREOF RECORDED AS DOCUMENT 950269; THENCE NORTH 65 DEGREES 32 MINUTES 08 SECONDS EAST (NORTH 65 DEGREES 37 MINUTES EAST, RECORD) ALONG SAID SOUTHERLY LINE OF NORTHERN ILLINOIS GAS, COMPANY ASSESSMENT PLAT NO. 1 PARCEL NO. NIG2 -63N, A DISTANCE OF 451.02 FEET (450.89 FEET RECORD) TO THE EASTERLY LINE OF SAID NORTHERLY ILLINOIS GAS COMPANY ASSESSMENT PLAT NO. 1 PARCEL NO NIG2 -63N; THENCE NORTH 04 DEGREES 34 MINUTES 53 SECONDS EAST (NORTH 04 DEGREES 47 MINUTES -3- EAST, RECORD) ALONG SAID EAST LINE OF THE NORTHERN ILLINOIS GAS COMPANY ASSESSMENT PLAT NO 1 PARCEL NO. NIG2 -63N, AND ALONG AN EASTERLY LINE OF LOT 2 IN BUTLER COMPANY M -1 INC ASSESSMENT PLAT NO. 2 ACCORDING TO THE PLAT THEREOF RECORDED AS DOCUMENT NO. R64- 24069, A DISTANCE OF 191.20 FEET (191.21 FEET RECORD) TO A SOUTHEASTERLY CORNER OF SAID LOT 2 IN BUTLER COMPANY M -1 INC. ASSESSMENT PLAT NO 2; THENCE SOUTH 85 DEGREES 23 MINUTES 50 SECONDS EAST (SOUTH 85 DEGREES 13 MINUTES EAST RECORD), ALONG A SOUTHERLY LINE OF SAID LOT 2 IN BUTLER COMPANY M -1 INC. ASSESSMENT PLAT NO. 25 A DISTANCE OF 100.00 FEET TO A SOUTHEASTERLY CORNER OF SAID LOT 2 IN BUTLER COMPANY M -1 INC ASSESSMENT PLAT NO. 2, SAID POINT BEING ON THE WESTERLY LINE OF THE NORTHERN ILLINOIS TOLL HIGHWAY PERMANENT EASEMENT PARCEL NO. E -2 -63.1 ACCORDING TO DOCUMENT NO. 846924; THENCE SOUTH 04 DEGREES 35 MINUTES 51 SECONDS WEST (SOUTH 04 DEGREES 47 MINUTES WEST, RECORD) ALONG THE WESTERLY LINE OF THE NORTHERN ILLINOIS TOLL HIGHWAY PERMANENT EASEMENT PARCEL NO. E -2 -63 1, AND ALONG THE WESTERLY LINE OF THE NORTHERN ILLINOIS GAS COMPANY YORK TOWNSHIP ASSESSMENT PLAT NO. 1 LOT 8 -2 ACCORDING TO THE PLAT THEREOF RECORDED AS DOCUMENT NO. R64- 280421 A DISTANCE OF 250.00 FEET TO THE NORTHERLY LINE OF THE NORTHERN ILLINOIS TOLL HIGHWAY; THENCE SOUTH 65 DEGREES 32 MINUTES 08 SECONDS WEST (SOUTH 65 DEGREES 37 MINUTES WEST, RECORD) ALONG SAID NORTHERLY LINE OF THE NORTHERN ILLINOIS TOLL HIGHWAY, A DISTANCE OF 349.98 FEET TO THE SOUTHEASTERLY CORNER OF TECHNOLOGY DRIVE AS DEDICATED BY THE PLAT OF SAID HOMESTEAD VILLAGE, THENCE THE FOLLOWING SIX (6) COURSES AND DISTANCES ALONG THE EASTERLY AND NORTHERLY LINE OF SAID TECHNOLOGY DRIVE: 1) THENCE NORTH 24 DEGREES 22 MINUTES 20 SECONDS WEST (NORTH 25 DEGREES 41 MINUTES 17 SECONDS WEST, RECORD) A DISTANCE OF 97 36 FEET TO THE NORTHEAST CORNER OF SAID TECHNOLOGY DRIVE; 2) THENCE SOUTH 65 DEGREES 37 MINUTES 40 SECONDS WEST (SOUTH 64 DEGREES 18 MINUTES 43 SECONDS WEST, RECORD) A DISTANCE OF 80.00 FEET; 3) THENCE SOUTH 24 DEGREES 22 MINUTES 20 SECONDS EAST (SOUTH 25 DEGREES 41 MINUTES 17 SECONDS EAST, RECORD) A DISTANCE OF 15.00 FEET; 4) THENCE SOUTH 65 DEGREES 37 MINUTES 40 SECONDS WEST (SOUTH 64 DEGREES 18 MINUTES 43 SECONDS WEST, RECORD) A DISTANCE OF 4.75 FEET; 5) THENCE SOUTH 13 DEGREES 41 MINUTES 39 SECONDS WEST, (SOUTH 12 DEGREES 00 MINUTES 14 SECONDS WEST, RECORD) A DISTANCE OF 20.78 FEET; 6) THENCE SOUTH 65 DEGREES 32 MINUTES 08 SECONDS WEST, (SOUTH 64 DEGREES 13 MINUTES 11 SECONDS WEST, RECORD) A DISTANCE OF 62.44 FEET TO THE SOUTHEAST CORNER OF SAID LOT 5 IN HOMESTEAD VILLAGE; THENCE NORTH 24 DEGREES 22 MINUTES 20 SECONDS WEST (NORTH 25 DEGREES 41 MINUTES 17 SECONDS WEST, RECORD) ALONG THE EASTERLY MOST LINE OF SAID LOT 5, A -4- DISTANCE OF 33.80 FEET TO SAID POINT OF BEGINNING, IN DUPAGE COUNTY, ILLINOIS. -5- EXHIBIT A 2. PROJECT AREA DESCRIPTION The proposed boundaries of the Village of Oak Brook TIF # 1 Oak Brook Promenade Redevelopment Project Area are shown in Figure I Redevelopment Project Area Boundary Map (see Appendix A). The Project Area is approximately 19.7 acres in size. A legal description of the Project Area is included as Appendix B of this document. The Project Area includes only those contiguous parcels that are anticipated to be substantially benefited by the proposed redevelopment project improvements and, which, collectively qualify for designation as a "blighted area." The Project Area is irregular in shape and is generally bounded by Butterfield Road on the north, Meyers Road on the east, I -88 East -West Tollway on the south and the Commonwealth Edison substation on the west. The property is designated as ORA -1 on Oak Brook's official zoning map which allows for a variety of retail and office uses. A zoning application is currently being considered by the Village to rezone the Project Area to B -1 Local Shopping Center District. Community Context The Project Area is part of Oak Brook's Butterfield Road business and commercial area. The Commonwealth Edison substation immediately to the west of the Project Area forms a portion of Oak Brook's western boundary. The Butterfield Road corridor is developed primarily with commercial retail and office developments in Oak Brook, Oakbrook Terrace and Lombard. The Illinois Tollway right -of -way separates the Project Area from residential uses to the south. The land use pattern to the north of the Project Area includes Fountain Square Plaza, a retail and restaurant development within the Village of Lombard and the Oak Brook Towers residential complex at the northeast corner of Butterfield and Meyers Road. Office uses are located immediately to the east of the Project Area at the southeast corner of the Butterfield and Meyers Road intersection. Current Land Use and Community Facilities The current land use within the Project Area consists of three office buildings located on two tax parcels. There are two three -story buildings that were built in 1978 and a one -story brick warehouse and office building built in 1969 Over the past few years the occupancy rate of the buildings has dropped below 30 %, with approximately 140,000 square feet of office space advertised as for lease within the Pro ' ect Area. The current configuration of land use is represented in Figure 2, Existing Land Use (see Appendix A). The Project Area is currently zoned ORA -L which accommodates a variety of office and commercial uses. February 2005 EXHIBIT B - STREET LOCATION The Project Area contains acres. The street location of the Project Area is: c EXHIBIT B STREET LOCATION The Project Area is approximately 18.5 acres and is bounded by I -88 on the south, Meyers Road to the east, Butterfield Road to the north, and the ComEd substation to the west and is commonly known as: 3001 -3003 Butterfield Road Oak Brook, Illinois 60523 3121 Butterfield Road Oak Brook, Illinois 60523 Butterfield Road Oak Brook, Illinois 60523 EXMBIT C - MAP EXHIBIT p1 t e1 FIGURE 1: REDEVELOPMENT PROJECT AREA BOUNDARY MAP VILLAGE OF OAK BROOK TIF # 1 OAK BROOK PROMENADE TAX INCREMENT FINANCING REDEVELOPMENT PLAN AND PROJECT M�� s i S h% PLAN DATE FEBRUARY 2005 CAM I kOS A OT2 t q1 n � t p1 t e1 FIGURE 1: REDEVELOPMENT PROJECT AREA BOUNDARY MAP VILLAGE OF OAK BROOK TIF # 1 OAK BROOK PROMENADE TAX INCREMENT FINANCING REDEVELOPMENT PLAN AND PROJECT M�� s i S h% PLAN DATE FEBRUARY 2005 CAM I kOS EXHIBIT D LIST OF PARCEL IDENTIFICATION NUMBERS -2- i EXHIBIT D LIST OF PARCEL IDENTIFICATION NUMBERS PARCEL 1 06 -28- 103 -009 PARCEL 2 06 -28 -103 -014 PARCEL 3 06 -28 -103 -005 PARCEL 4 06 -28- 103 -014 PARCEL 5 & 6 06 -28- 103 -018 AND 06 -28- 103 -019 try: STATE OF ILLINOIS ) SS. COUNTIES OF COOK AND DUPAGE ) I, Linda K. Gonnella, do hereby certify that I am the duly elected and acting Village Clerk of the Village of Oak Brook, DuPage and Cook Counties, Illinois. I DO FURTHER CERTIFY that on June 6 2005 , the corporate authorities of the above municipality passed and approved Ordinance 2005- TIF -EX4 -S -1121 , AN ORDINANCE DESIGNATING THE VILLAGE OF OAK BROOK TIF #1 BUTTERFIELD- MEYERS ROAD REDEVELOPMENT PROJECT AREA I DO FURTHER CERTIFY that the original document, of which the annexed copy is a true copy, is entrusted to my care for safekeeping and I am the keeper of the same. I DO FURTHER CERTIFY that I am the keeper of the records, journals, entries, resolutions, ordinances and documents of the said Village of Oak Brook, DuPage and Cook Counties, Illinois. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the corporate seal of the Village of Oak Brook this 15th day of December , 2005. Linda K. Gonnella, CMC Village Clerk Village of Oak Brook DuPage and Cook Counties, IL