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AN ORDINANCE CALLING FOR A PUBLIC HEARING AND A JOINT REVIEW BOARD MEETING TO CONSIDER THE SECOND AMENDED ELIGIBILITY REPORT FOR THE AMENDED MAIN STREET TIF PROJECT AREA, THE DOWNTOWN ORLAND PARK TIF PROJECT AREA, THE DESIGNATION OF THE TWO REDEVELOPMENT PROJECT AREAS, REDEVELOPMENT AND REDEVELOPMENT PROJECTS FOR THE VILLAGE OF ORLAND PARK (DOWNTOWN OP TIF DISTRICT)
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WHEREAS, the Village of Orland Park is considering the designation of redevelopment project areas and the approval of redevelopment plans within the corporate limits of the Village of Orland Park, to be called the Amended Main Street Tax Increment Financing (“TIF”) District (“MST”) and the Downtown Tax Increment Financing (“TIF”) District (“DOP”), pursuant to the "Tax Increment Allocation Redevelopment Act", 65 ILCS 5/11-74.4-1 et seq. ("TIF Act"); and
WHEREAS, pursuant to the provisions of Section 5/11-74.4-5(a) of the TIF Act, as amended, prior to the adoption of an ordinance proposing the designation of a redevelopment project area or approval of a redevelopment plan or redevelopment project, the Village must fix a time and place for public hearing; and
WHEREAS, pursuant to the provisions of Section 5/11-74.4-5(b) of the TIF Act, as amended, prior to the adoption of an ordinance proposing the designation of a redevelopment project area or approval of a redevelopment plan or redevelopment project, the Village must convene a Joint Review Board (hereinafter referred to as the "JRB") to consider the proposal; and
WHEREAS, it is the desire of the Village Board of the Village to conduct such public hearing and to convene said meeting of the JRB;
NOW, THEREFORE, BE IT RESOLVED by the Village Board of the Village of Orland Park, Cook County and Will County, Illinois, as follows:
SECTION 1
Pursuant to the provisions of the TIF Act, the Village Board hereby designates the date of Tuesday, September 3, 2024, at the hour of 7:00 p.m. at the Village Board Meeting Room of the Village of Orlan...
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