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PRINT ORDINANCE FROM ATTACHMENTS DUE TO SPACING ISSUES
AN ORDINANCE AMENDING TITLE 1 (ADMINISTRATION), CHAPTER 13, (ECONOMIC DEVELOPMENT LOAN PROGRAM) SECTION 1-13-4 (ADDITIONAL USES OF ECONOMIC DEVELOPMENT LOAN PROGRAM FUNDS) OF THE VILLAGE OF ORLAND PARK CODE, AS AMENDED
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WHEREAS, the Village of Orland Park, Illinois (the “Village”) is a home rule unit by virtue of the provisions of the Constitution of the State of Illinois of 1970; and
WHEREAS, the Village, as a home rule unit, may exercise such powers and perform any function pertaining to its government and affairs; and
WHEREAS, the Village recognizes that it is necessary and for the best interests of the Village to relieve conditions of unemployment as a result of the COVID-19 pandemic and to encourage the economic development of the Village thereby reducing the challenges attendant upon unemployment and providing for the increased welfare and prosperity of the residents of the Village; and
WHEREAS, the Village Board desires to establish an economic development incentive program as a business assistance program, the purpose of which is to recruit and retain businesses within the Village, thereby stimulating the economy of and within the Village, providing employment for residents of the Village and others, further expanding the goods and services available for purchase and consumption by businesses and residents of the Village, and further increasing the sales and use taxes collected by the Village; and
WHEREAS, the Village Board finds that increased tax collections realized in connection with such program will enable the Village to provide expanded and improved municipal services to and for the benefit of the Village, while at the same time providing public-related improvements to the Village and its taxpayers and residents; and
WHEREAS, the Village Board finds that the creation of an economic development incentive program is consistent with the Village’s powers as a home rule munic...
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