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AN ORDINANCE AMENDING THE DESIGNATION OF THE VILLAGE OF ORLAND PARK MAIN STREET TRIANGLE REDEVELOPMENT PROJECT AREA
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WHEREAS, on September 7, 2007, the Village of Orland Park, Cook and Will Counties, Illinois (the “Municipality”), determined it was in the best interest of the Municipality 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”), and to adopt a redevelopment plan and redevelopment project (the “Plan” and “Project”) within the municipal boundaries of the Municipality and within a proposed redevelopment project area (the “Area”) described in Section 1 of this ordinance; and
WHEREAS, the President and Board of Trustees of the Municipality (the “Corporate Authorites”) have determined that it is in the best interest of the Municipality to add additional property (the “Added Property”) to the Area;
WHEREAS, the Municipality has adopted an Ordinance amending the Plan and Project to include the Added Property; and
WHEREAS, the President and Board of Trustees of the Municipality (the “Corporate Authorities”) have heretofore by ordinance adopted and approved the Amendment of the Plan and Project, which Plan and Project were identified in such ordinance and were the subject, along with the Area designation hereinafter made, of a public hearing held on the 1st day of October, 2007, and it is now necessary and desirable to designate the Added Property as a part of the Area as an amended redevelopment project area pursuant to the Act:
NOW, THEREFORE, Be It Ordained by the President and Board of Trustees of the Village of Orland Park, Cook and Will Counties, Illinois, in the exercise of its home rule powers, as follows:
SECTION 1
Area Designated. The Area, including the Added Property, as described in Exhibit A attached hereto and incorporated herein as if set out in full by this reference, is hereby designate...
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