File #: 14-6435    Version: 1 Name: Will Cook 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 WILL-COOK 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 Matteson, The Village of Park Forest, The Village of Richton Park, The Village of University Park, 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,...
Sponsors: TONI PRECKWINKLE (President), STANLEY MOORE, JOAN PATRICIA MURPHY, DEBORAH SIMS
Attachments: 1. Exhibit A Will_Cook_I_57_Map_Enterprise_Zone_8X11_CJP_110514 (2), 2. Exhibit B Will Cook Enterprise Zone-Legal Description-110714, 3. Exhibit C Will-Cook EXHIBIT C Findings, 4. Exhibit D Accepted Changes Will-Cook EZ AN INTERGOVERNMENTAL AGREEMENT BETWEEN CM Rev AG NOV 9 2014 Tatroe
title
PROPOSED ORDINANCE

WILL-COOK 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 Matteson, The Village of Park Forest, The Village of Richton Park, The Village of University Park, 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 V, Will-Cook Enterprise Zone, Sections 14-49 through 14-57 of the Cook County Code is hereby enacted as Follows:

ARTICLE V. WILL-COOK ENTERPRISE ZONE

Sec. 14-49. Establishment of enterprise zone and enterprise zone designation.

In accordance with the Enterprise Zone Act (20 ILCS 655/1 et seq.), the Board of Commissioners hereby establishes an Enterprise Zone in cooperation with The Village of Matteson,...

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