File #: 14-6436    Version: 1 Name: Lincoln 394 Enterprise Zone
Type: Ordinance Status: Approved
File created: 11/4/2014 In control: Finance Subcommittee on Real Estate and Business and Economic Development (Inactive. There is now a Business and Economic Developement Committee and real estate items in the Asset Managment Committee)
On agenda: 11/19/2014 Final action: 12/17/2014
Title: PROPOSED ORDINANCE LINCOLN AND 394 CORRIDOR ENTERPRISE ZONE AN ORDINANCE FOR THE ESTABLISHMENT OF AN ENTERPRISE ZONE SUBJECT TO THE ENTERPRISE ZONE ACT OF THE STATE OF ILLINOIS. WHEREAS, the State of Illinois Enterprise Zone Act (20 ILCS 655/1 et seq) provides for the creation of enterprise zones to encourage private sector investments in economically distressed areas throughout the State; and WHEREAS, The Village of Beecher, The City of Chicago Heights, The Village of Crete, The Village of Ford Heights, The Village of Glenwood, The Village of Olympia Fields, The Village of Sauk Village, The Village of South Chicago Heights, The Village of Steger, The County of Cook, and the County of Will are organized and existing under the laws of that State of Illinois. Each have areas within their respective legal boundaries that are economically distressed and would benefit from private sector investments under the Enterprise Zone Act; and WHEREAS, the aforesaid Municipalities ...
Sponsors: TONI PRECKWINKLE (President), STANLEY MOORE, JOAN PATRICIA MURPHY, DEBORAH SIMS
Attachments: 1. Exhibit A Lincoln_394_Map_Enterprise_Zone_8x11_110514_CJP (2), 2. Exhibit B Lincoln-394 Enterprise Zone-Legal Description-110714, 3. Exhibit C LINCOLN AND 394 CORRIDOR EXHIBIT C Findings, 4. Exhibit D Accepted Changes AN INTERGOVERNMENTAL AGREEMENT Lincoln and 394 EZ Corridor BETW county edits
title
PROPOSED ORDINANCE

LINCOLN AND 394 CORRIDOR ENTERPRISE ZONE

AN ORDINANCE FOR THE ESTABLISHMENT OF AN ENTERPRISE ZONE SUBJECT TO THE ENTERPRISE ZONE ACT OF THE STATE OF ILLINOIS.

WHEREAS, the State of Illinois Enterprise Zone Act (20 ILCS 655/1 et seq) provides for the creation of enterprise zones to encourage private sector investments in economically distressed areas throughout the State; and

WHEREAS, The Village of Beecher, The City of Chicago Heights, The Village of Crete,
The Village of Ford Heights, The Village of Glenwood, The Village of Olympia Fields, The Village of Sauk Village, The Village of South Chicago Heights, The Village of Steger, The County of Cook, and the County of Will are organized and existing under the laws of that State of Illinois. Each have areas within their respective legal boundaries that are economically distressed and would benefit from private sector investments under the Enterprise Zone Act; and

WHEREAS, the aforesaid Municipalities and Counties have joined in the collective pursuit of a joint Enterprise Zone, subject to approval of their respective governing bodies; and

WHEREAS, it is determined that it is in the best interest of the citizens of the Counties and Municipalities to establish an Enterprise Zone and encourage private sector investments within said Enterprise Zone; and

WHEREAS, prior to filing of an application for approval of the designation of an Enterprise Zone under the Illinois Enterprise Zone Act, it is required that the Counties and Municipalities adopt an Ordinance designating the proposed Enterprise Zone; and

BE IT ORDAINED, by the Cook County Board of Commissioners, that Chapter 14, Community Development, Article VI, Lincoln and 394 Corridor Enterprise Zone, Sections 14-59 through 14-67 of the Cook County Code is hereby enacted as Follows:

ARTICLE VI. LINCOLN AND 394 CORRIDOR ENTERPRISE ZONE

Sec. 14-59. Establishment of enterprise zone and enterprise zone designatio...

Click here for full text