File #: 14-6434    Version: 1 Name: Calumet 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 CALUMET 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 City of Calumet City, The Village of Lansing, The Village of Riverdale, The Village of South Holland, The Village of Thornton and the County of Cook, a body Politic and Corporate of the State of Illinois, 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 County have joined in the collective pursuit of a joint Enterprise Zone, subject to approval of the...
Sponsors: TONI PRECKWINKLE (President), STANLEY MOORE, JOAN PATRICIA MURPHY, DEBORAH SIMS
Attachments: 1. Exhibit A Calumet_Region_Map_Enterprise_Zone_8x11_110514_CJP, 2. Exhibit B Calumet Region Enterprise Zone-Legal Description-110714, 3. Exhibit C Calumet EXHIBIT C Findings, 4. Exhibit D Accepted Changes AN INTERGOVERNMENTAL AGREEMENT Calumet BETWEEN CM Rev AG Nov 1 County Edits
title
PROPOSED ORDINANCE

CALUMET 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 City of Calumet City, The Village of Lansing, The Village of Riverdale, The Village of South Holland, The Village of Thornton and the County of Cook, a body Politic and Corporate of the State of Illinois, 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 County 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 County 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 County 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 IV, Calumet Enterprise Zone, Sections 14-39 through 14-47 of the Cook County Code is hereby enacted as Follows:

ARTICLE IV. CALUMET ENTERPRISE ZONE

Sec. 14-39. 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 ...

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