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1993-054roll. MINUTES of a regular public meeting of the President and Board of Trustees of the Village of Buffalo Grove, Cook and Lake Counties, Illinois, held at Village Hall, 50 Raupp Blvd., Buffalo Grove, Illinois, in said Village at 7:30 o'clock P.M., on the 21st day of June, 1993. The President called the meeting to order and directed the Village Clerk to call the Upon roll call, the following answered present: Sidney Mathias, the President, and Trustees: Marienthal, Reid, Kahn,Rubin, Braiman, Hendricks The following Trustees were absent: 0 - None Trustee Marienthal presented, and copies were made available of the following ordinance: V AN ORDINANCE proposing the amendment of the Redevelopment Plan and Project heretofore approved for the Town Center District Tax Increment Redevelopment Project Area, convening a joint review board and calling a public hearing in connection therewith. WHEREAS, pursuant to the Tax Increment Allocation Redevelopment Act, as supplemented and amended (the "Act"), the Village of Buffalo Grove, Cook and Lake Counties, Illinois (the "Village"), by ordinance has heretofore approved a redevelopment plan (the "Redevelopment Plan ") and project (the "Project ") for and has designated a redevelopment project area known as the Town Center District Tax Increment Redevelopment Project Area of the Village (the "Redevelopment Project Area ") further described in Exhibit A attached hereto, and has adopted tax increment allocation financing for the Redevelopment Project Area; and WHEREAS, the Redevelopment Plan as approved states the estimated dates of completion of the Project and retirement of obligations incurred to finance redevelopment project costs in and for the Redevelopment Project Area, which dates as approved were not more than 23 years from the date of adoption by the Village of said ordinance, all as required by the Act; and WHEREAS, Ordinance Number 86 -62 was adopted by the President and Board of Trustees of the Village (the "Corporate Authorities ") on November 3, 1986 and approves the Redevelopment Plan and Project and also provides that the estimated date for retirement of obligations incurred to finance Redevelopment Project Costs is not later than December 1, 1996; and WHEREAS, the Village has issued its Tax Increment Allocation Revenue Bonds, Series A, Tax Exempt (Buffalo Grove Town Center District Tax Increment Redevelopment Project) and its Tax Increment Allocation Revenue Bonds, Series B, Taxable (Buffalo W W Grove Town Center District Tax Increment Redevelopment Project) in the aggregate principal amount of $8,500,000 and maturing on March 1, 1997; and WHEREAS, the Corporate Authorities have heretofore and it hereby is determined that it is advisable that the Village afford itself of the provisions of the Act by incurring additional Project costs for demolition and reconstruction of improvements to eliminate excessive vacancies within the Project Area and changing the estimated dates of completion of the Project and retirement of obligations incurred to finance redevelopment project costs for the Project from December 1, 1996, to December 31, 2005, and to make certain related changes in the Project and Redevelopment Plan, all as permitted by the Act, so as to increase the likelihood of successfully financing the Project, said changes to be accomplished by amending Ordinance Number 86 -62 and the Redevelopment Plan; and WHEREAS, the Act requires the Village to conduct a public hearing prior to the adoption of an ordinance amending the Redevelopment Plan so as substantially to change the nature of a redevelopment project approved for the Redevelopment Project Area, at which hearing any interested person or affected taxing district may file with the Village Clerk written objections to and may be heard orally with respect to the proposed amendment of the Redevelopment Plan; and WHEREAS, such proposed changes substantially change the nature of the Project so as to necessitate a public hearing; and WHEREAS, the Act further requires that prior to holding a public hearing, the Village convene a joint review board consisting of a representative selected by each community college district, local elementary school district and high school district or each local community unit school district, park district, library district and county that has authority to directly levy taxes on the property within the Redevelopment Project Area, a representative -2- W W selected by the Village and a public member to consider the subject matter of the public hearing; and WHEREAS, the Act requires that notice of the public hearing be given by publication and mailing; and WHEREAS, the Corporate Authorities have heretofore and it hereby is determined that it is advisable to hold a public hearing and convene a joint review board to consider the proposed amendments to the Plan, given that the proposed amendments may constitute a substantial change in the nature of the Project: NOW THEREFORE, Be It Ordained by the President and Board of Trustees of the Village of Buffalo Grove, Cook and Lake Counties, Illinois, as follows: Section 1. The amendment of the Redevelopment Plan to add additional Project costs for acquisition of land, rehabilitation, demolition, reconstruction, repair or remodeling of existing public or private buildings and fixtures, to change the estimated date of completion of the Project, the estimated date of retirement of all obligations issued in connection therewith, and certain other related matters is hereby proposed. Section 2. A public hearing shall be held by the President and Board of Trustees of the Village at 7:30 o'clock P.M. on the 16th day of August, 1993, at Chippers Restaurant located at Buffalo Grove Golf Course, 48 Raupp Blvd., Buffalo Grove, Illinois, for the purpose of hearing from any interested persons or affected taxing districts regarding the proposed amendment of Ordinance Number 86 -62 and the Redevelopment Plan. Section 3. Notice of the hearing, substantially in the form attached hereto as Exhibit B with such changes as shall be approved by the President, shall be published at least twice, the first publication to be not more than 30 nor less than 10 days prior to the hearing, in a newspaper of general circulation within the taxing districts having property in the -3- W Redevelopment Project Area. In addition, notice shall be mailed by certified mail not less than 10 days prior to the date set for the hearing, addressed to the person or persons in whose name the general taxes for the last preceding year were paid on each lot, block, tract or parcel of land lying within the Redevelopment Project Area. In the event taxes for the last preceding year were not paid, the notice shall also be sent to the persons last listed on the tax rolls within the preceding three years as the owners of such property. Section 4. Notice shall also be given by certified mail to all taxing districts of which taxable property is included in the Redevelopment Project Area and to the Illinois Department of Commerce and Community Affairs not less than 45 days prior to the hearing, and such notice shall also include an invitation to each taxing district and the Illinois Department of Commerce and Community Affairs to submit written comments prior to the date of the hearing to the Village, to the attention of the Village Clerk, Village Hall, 50 Raupp Blvd., Buffalo Grove, Illinois 60089, concerning the subject matter of the hearing. Each such mailed notice shall include a copy of the Redevelopment Plan, Ordinance Number 86 -62 and a proposed ordinance to amend Ordinance Number 86 -62. Section S. A draft of the proposed ordinance to amend Ordinance Number 86 -62 and the Redevelopment Plan, shall be placed on file at the offices of the Village. Section 6. A joint review board as set forth in the Act is hereby convened and the board shall meet, review such documents and issue such report as set forth in the Act. The first meeting of said joint review board shall be held at 7:30 P.M. on the 13th day of July, 1993, at the Village Hall, 50 Raupp Blvd. in the lower level conference room, Buffalo Grove, Illinois. 10 w Section 7. This Ordinance shall become effective upon its adoption. PASSED this 21st day of June, 1993. APPROVED this 21st day of June, 1993. President ATTEST: x . � Village Clerk -5- W V EXHIBIT A Legal Description of the Town Center District Tax Increment Redevelopment Project Area Lots 1 through 18 inclusive in Buffalo Grove Town Center Unit 2, being a Subdivision of part of the Southwest 1/4 of Section 33, Township 43 North, Range 11, East of the Third Principal Meridian, according to the Plat thereof recorded December 1, 1989, as Document No. 2855919 in Lake County, Illinois; and Lots 4 and 5 in Buffalo Grove Town Center Unit 3, being a Subdivision of part of the Southwest 1/4 of Section 33, Township 43 North, Range 11, East of the Third Principal Meridian, according to the Plat thereof recorded April 20, 1990, as Document No. 2898129 in Lake County, Illinois; and Lot 1 in Buffalo Grove Town Center Unit 4, being a Subdivision of part of the Southwest 1/4 of Section 33, Township 43 North, Range 11, East of the Third Principal Meridian, according to the Plat thereof recorded February 7, 1991, as Document No. 2988362 in Lake County, Illinois; and Lots 1, 2, 3 and 4 in Buffalo Grove Town Center Unit 5, being a Subdivision of part of the Southwest 1/4 of Section 33, Township 43 North, Range 11, East of the Third Principal Meridian, according to the Plat thereof recorded March 8, 1991, as Document No. 2997160 in Lake County, Illinois; and That part of the following described Parcel, lying Northwesterly of Lot 1 in Buffalo Grove Town Center Unit 4; commencing at the Northwest corner of the Southwest quarter of Section 33, Township 43 North, Range 11, East of the Third Principal Meridian; thence North 89° 58' 47" East along the North line of the Southwest quarter of said Section 33, a distance of 193.02 feet to the Easterly line of Buffalo Grove Road per Document No. 1408038, said point being the point of beginning; thence South 6° 30' 17" East along the Easterly line of Buffalo Grove Road, a distance of 87.66 feet; thence Northeasterly along a curve concave to the Northwest, having a radius of 105.00 feet, an arc distance of 153.36 feet to a point of reverse curvature, the chord of said arc having a length of 140.09 feet and a bearing of North 41* 39' 08" East; thence Northeasterly along a curve concave to the Southeast, having a radius of 95.00 feet, an arc distance of 111.06 feet to a point of compound curvature, the chord of said arc having a length of 104.84 feet and a bearing of North 33° 18' 03" East; thence Easterly along a curve concave to the South, having a radius of 423.50 feet, an arc distance of 655.76 feet to a point of compound curvature, the chord of said arc having a length of 592.18 feet and a bearing of south 68° 50' 54" East; thence Southeasterly along a curve, concave to the Northeast, having a radius of 300.00 feet, an arc distance of 96.14 feet to a point of tangency, the chord of said arc having a length of 95.73 feet and a bearing of South 33° 40' 12" East; thence South 42° 58' 03" East, a distance of 70.54 feet to a point on the North line of Lot 2 in Buffalo Grove Town Center Unit 1; thence North 50° 12' 54" East along the North line of Lot 2, a distance of 198.31 feet to the Northeast corner of said Lot 2, said point being also on the Westerly line of Illinois Route 83; thence Northwesterly along said Westerly line of Illinois Route 83, said line W being a curve, concave to the Southwest, having a radius of 1,096.00 feet, an arc distance of 473.45 feet to a point of tangency, the chord of said arc having a length of 469.77 feet and a bearing of North 41° 44' 41" West; thence North 54° 07' 12" West along said Westerly line of Illinois Route 83, a distance of 555.55 feet to the Easterly corner of Lot 1 in Amoco addition to Buffalo Grove, according to Document No. 2317012; thence South 64° 48' 23" West along the Southerly line of said Lot 1, a distance of 280.69 feet to the Southwest corner of said Lot 1; said point being also on the Easterly line of Buffalo Grove Road, dedicated by Document No. 1408038; thence South 6° 30' 17" East along said Easterly line, a distance of 446.54 feet to the place of beginning, in Lake County, Illinois; and Lot 1 in Amoco addition in Buffalo Grove, being a Subdivision of part of the Southwest 1/4 of Section 33, Township 43 North, Range 11, East of the Third Principal Meridian, according to the Plat thereof recorded October 18, 1984, as Document No. 2317012 in Lake County, Illinois; and Lot 1 in Buffalo Grove Town Center Subdivision, being a part of the Southwest 1/4 Section 33, Township 43 North, Range 11, East of the Third Principal Meridian, according to the plat thereof recorded October 17, 1978, as Document No. 1953929 in Lake County, Illinois. -2- • EXHIBIT B NOTICE OF PUBLIC HEARING VILLAGE OF BUFFALO GROVE, COOK AND LAKE COUNTIES, ILLINOIS TOWN CENTER DISTRICT TAX INCREMENT REDEVELOPMENT PROJECT AREA Notice is hereby given that on August 16, 1993, at 7:30 P.M. at Chippers Restaurant located at Buffalo Grove Golf Course, 48 Raupp Blvd., Buffalo Grove, Illinois, a public hearing will be held to consider the amendment of the redevelopment plan (the "Redevelopment Plan ") heretofore approved for that certain Redevelopment Project Area known as the Town Center District Tax Increment Redevelopment Project Area (the "Redevelopment Project Area "). The Redevelopment Project Area consists of the territory legally described as follows: Lots 1 through 18 inclusive in Buffalo Grove Town Center Unit 2, being a Subdivision of part of the Southwest 1/4 of Section 33, Township 43 North, Range 11, East of the Third Principal Meridian, according to the Plat thereof recorded December 1, 1989, as Document No. 2855919 in Lake County, Illinois; and Lots 4 and 5 in Buffalo Grove Town Center Unit 3, being a Subdivision of part of the Southwest 1/4 of Section 33, Township 43 North, Range 11, East of the Third Principal Meridian, according to the Plat thereof recorded April 20, 1990, as Document No. 2898129 in Lake County, Illinois; and Lot 1 in Buffalo Grove Town Center Unit 4, being a Subdivision of part of the Southwest 1/4 of Section 33, Township 43 North, Range 11, East of the Third Principal Meridian, according to the Plat thereof recorded February 7, 1991, as Document No. 2988362 in Lake County, Illinois; and Lots 1, 2, 3 and 4 in Buffalo Grove Town Center Unit 5, being a Subdivision of part of the Southwest 1/4 of Section 33, Township 43 North, Range 11, East of the Third Principal Meridian, according to the Plat thereof recorded March 8, 1991, as Document No. 2997160 in Lake County, Illinois; and That part of the following described Parcel, lying Northwesterly of Lot 1 in Buffalo Grove Town Center Unit 4; commencing at the Northwest corner of the Southwest quarter of Section 33, Township 43 North, Range 11, East of the Third Principal Meridian; thence North 89° 58' 47" East along the North line of the Southwest quarter of said Section 33, a distance of 193.02 feet to the Easterly line of Buffalo Grove Road per Document No. 1408038, said point being the point of beginning; thence South 6° 30' 17" East along the Easterly line of Buffalo Grove Road, a distance of 87.66 feet; thence Northeasterly along a curve concave to the Northwest, having a radius of 105.00 feet, an arc distance of 153.36 feet to a point of reverse curvature, the chord of said arc having a length of 140.09 feet and W a bearing of North 41* 39' 08" East; thence Northeasterly along a curve concave to the Southeast, having a radius of 95.00 feet, an arc distance of 111.06 feet to a point of compound curvature, the chord of said arc having a length of 104.84 feet and a bearing of North 33° 18' 03" East; thence Easterly along a curve concave to the South, having a radius of 423.50 feet, an arc distance of 655.76 feet to a point of compound curvature, the chord of said arc having a length of 592.18 feet and a bearing of south 68° 50' 54" East; thence Southeasterly along a curve, concave to the Northeast, having a radius of 300.00 feet, an arc distance of 96.14 feet to a point of tangency, the chord of said arc having a length of 95.73 feet and a bearing of South 33° 40' 12" East; thence South 42° 58' 03" East, a distance of 70.54 feet to a point on the North line of Lot 2 in Buffalo Grove Town Center Unit l; thence North 50° 12' 54" East along the North line of Lot 2, a distance of 198.31 feet to the Northeast corner of said Lot 2, said point being also on the Westerly line of Illinois Route 83; thence Northwesterly along said Westerly line of Illinois Route 83, said line being a curve, concave to the Southwest, having a radius of 1,096.00 feet, an arc distance of 473.45 feet to a point of tangency, the chord of said arc having a length of 469.77 feet and a bearing of North 41° 44' 41" West; thence North 54° 07' 12" West along said Westerly line of Illinois Route 83, a distance of 555.55 feet to the Easterly corner of Lot 1 in Amoco addition to Buffalo Grove, according to Document No. 2317012; thence South 64° 48' 23" West along the Southerly line of said Lot 1, a distance of 280.69 feet to the Southwest corner of said Lot 1; said point being also on the Easterly line of Buffalo Grove Road, dedicated by Document No. 1408038; thence South 6° 30' 17" East along said Easterly line, a distance of 446.54 feet to the place of beginning, in Lake County, Illinois; and Lot 1 in Amoco addition in Buffalo Grove, being a Subdivision of part of the Southwest 1/4 of Section 33, Township 43 North, Range 11, East of the Third Principal Meridian, according to the Plat thereof recorded October 18, 1984, as Document No. 2317012 in Lake County, Illinois; and Lot 1 in Buffalo Grove Town Center Subdivision, being a part of the Southwest 1/4 Section 33, Township 43 North, Range 11, East of the Third Principal Meridian, according to the plat thereof recorded October 17, 1978, as Document No. 1953929 in Lake County, Illinois. The approximate street location and description of the Redevelopment Project Area is as follows: All properties are within the area bounded by Lake -Cook Road, Illinois State Route 83 and Buffalo Grove Road, lying entirely within Lake County, Illinois. There will be considered at the hearing certain proposed amendments to Ordinance Number 86 -62 approving the Redevelopment Plan for the Redevelopment Project Area. The Redevelopment Plan, as proposed to be amended, together with the proposed ordinance and Ordinance Number 86 -62 is on file and available for public inspection at the office of the Village Clerk at 50 Raupp Blvd., Buffalo Grove, Illinois. The proposed amendments relate to the addition of redevelopment project costs for acquisition of land, rehabilitation, -2- W demolition, reconstruction, repair or remodeling of existing public or private buildings and fixtures, the estimated dates of completion of the heretofore approved redevelopment project for the Redevelopment Project Area and the retirement of obligations to be incurred to finance redevelopment project costs in connection therewith and to various related matters. Prior to the date of the hearing, each taxing district having property in the Redevelopment Project Area and the Illinois Department of Commerce and Community Affairs may submit written comments to the Village, to the attention of the Village Clerk, 50 Raupp Blvd., Buffalo Grove, Illinois 60089. There is hereby convened a joint review board to consider the proposed amendments. The joint review board shall consist of a representative selected by each community college district, local elementary school district and high school district or each local community unit school district, park district, library district and county that has authority to directly levy taxes on the property within the Redevelopment Project Area, a representative selected by the Village, and a public member. The first meeting of said joint review board shall be held at 7:30 P.M. on the 13th day of July, 1993, at Village Hall lower level conference room, 50 Raupp Blvd., Buffalo Grove, Illinois. At the hearing, all interested persons or affected taxing districts may file written objections with the Village Clerk and may be heard orally with respect to any issues regarding the amendment of the Redevelopment Plan. The hearing may be adjourned by the President and Board of Trustees of the Village without further notice other than a motion to be entered upon the minutes of the hearing fixing the time and place of the subsequent hearing. By /s/ Village Clerk Village of Buffalo Grove Cook and Lake Counties, Illinois -3- Trustee Braiman moved and Trustee Rubin seconded the motion that said ordinance as presented be adopted. After a full discussion thereof including a public recital of the nature of the matter being considered and such other information as would inform the public of the nature of the business being conducted, the President directed that the roll be called for a vote upon the motion to adopt said ordinance as read. Upon the roll being called, the following Trustees voted AYE: 4 - Reid, Kahn, Rubin, Braiman The following Trustees voted NAY: 2 - Marienthal, Hendricks Whereupon the President declared the motion carried and said ordinance adopted, approved and directed the Village Clerk to record the same in full in the records of the President and Board of Trustees of the Village of Buffalo Grove, Cook and Lake Counties, Illinois, which was done. Other business not pertinent to the adoption of said ordinance was duly transacted at the meeting. Upon motion duly made, seconded and carried, the meeting was adjourned. Village Clerk STATE OF ILLINOIS ) ) SS COUNTY OF COOK ) CERTIFICATION OF ORDINANCE AND MINUTES I, the undersigned, do hereby certify that 1 am the duly qualified and acting Village Clerk of the Village of Buffalo Grove, Cook and Lake Counties, Illinois (the "Village "), and that as such official I am the keeper of the records and files of the President and Board of Trustees of the Village (the "Corporate Authorities"). I do further certify that the foregoing is a full, true and complete transcript of that portion of the minutes of the meeting of the Corporate Authorities held on the 21st day of June, 1993, insofar as same relates to the adoption of an ordinance entitled: AN ORDINANCE proposing the amendment of the Redevelopment Plan and Project heretofore approved for the Town Center District Tax Increment Redevelopment Project Area, convening a joint review board and calling a public hearing in connection therewith. a true, correct and complete copy of which said ordinance as adopted at said meeting appears. in the foregoing transcript of the minutes of said meeting. I do further certify that the deliberations of the Corporate Authorities on the adoption of said ordinance were conducted openly, that the vote on the adoption of said ordinance was taken openly, that said meeting was held at a specified time and place convenient to the public, that notice of said meeting was duly given to all of the news media requesting such notice, that said meeting was called and held in strict compliance with the provisions of the Open Meetings Act of the State of Illinois, as amended, and the Illinois Municipal Code, as amended, and that the Corporate Authorities have complied with all of the provisions of said Act and said Code and with all of the procedural rules of the Corporate Authorities. IN WITNESS WHEREOF, I hereunto affix my official signature and the seal of the Village, this -;19 day of June, 1993. Village Clerk (SEAL) a VILLAGE OF BUFFALO GROVE ORDINANCE NO. ADOPTED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF BUFFALO GRqME THIS�DAY OF Published in pamphlet form by authority of the President and Board of Trustees of the Village of Buffalo Grove, Cook & ake Counties, Illjnnois, this pL2day of 19_1'1• Village aerk By- cam' �/`Le�G��l2/ D uty Village Clerk MINUTES of a regular public meeting of the President and Board of Trustees of the Village of Buffalo Grove, Cook and Lake Counties, Illinois, held at Village Hall, 50 Raupp Blvd., Buffalo Grove, Illinois, in said Village at 7:30 o'clock P.M., on the 21st day of June, 1993. The President called the meeting to order and directed the Village Clerk to call the roll. Upon roll call, the following answered present: Sidney Mathias, the President, and Trustees: Marienthal, Reid, Kahn,Rubin, Braiman, Hendricks The following Trustees were absent: 0 - None Trustee Marienthal presented, and copies were made available of the following ordinance: AN ORDINANCE proposing the amendment of the Redevelopment Plan and Project heretofore approved for the Town Center District Tax Increment Redevelopment Project Area, convening a joint review board and calling a public hearing in connection therewith. WHEREAS, pursuant to the Tax Increment Allocation Redevelopment Act, as supplemented and amended (the "Act"), the Village of Buffalo Grove, Cook and Lake Counties, Illinois (the "Village"), by ordinance has heretofore approved a redevelopment plan (the "Redevelopment Plan ") and project (the "Project ") for and has designated a redevelopment project area known as the Town Center District Tax Increment Redevelopment Project Area of the Village (the "Redevelopment Project Area ") further described in Exhibit A attached hereto, and has adopted tax increment allocation financing for the Redevelopment Project Area; and WHEREAS, the Redevelopment Plan as approved states the estimated dates of completion of the Project and retirement of obligations incurred to finance redevelopment project costs in and for the Redevelopment Project Area, which dates as approved were not more than 23 years from the date of adoption by the Village of said ordinance, all as required by the Act; and WHEREAS, Ordinance Number 86 -62 was adopted by the President and Board of Trustees of the Village (the "Corporate Authorities ") on November 3, 1986 and approves the Redevelopment Plan and Project and also provides that the estimated date for retirement of obligations incurred to finance Redevelopment Project Costs is not later than December 1, 1996; and WHEREAS, the Village has issued its Tax Increment Allocation Revenue Bonds, Series A, Tax Exempt (Buffalo Grove Town Center District Tax Increment Redevelopment Project) and its Tax Increment Allocation Revenue Bonds, Series B, Taxable (Buffalo Grove Town Center District Tax Increment Redevelopment Project) in the aggregate principal amount of $8,500,000 and maturing on March 1, 1997; and WHEREAS, the Corporate Authorities have heretofore and it hereby is determined that it is advisable that the Village afford itself of the provisions of the Act by incurring additional Project costs for demolition and reconstruction of improvements to eliminate excessive vacancies within the Project Area and changing the estimated dates of completion of the Project and retirement of obligations incurred to finance redevelopment project costs for the Project from December 1, 1996, to December 31, 2005, and to make certain related changes in the Project and Redevelopment Plan, all as permitted by the Act, so as to increase the likelihood of successfully financing the Project, said changes to be accomplished by amending Ordinance Number 86 -62 and the Redevelopment Plan; and WHEREAS, the Act requires the Village to conduct a public hearing prior to the adoption of an ordinance amending the Redevelopment Plan so as substantially to change the nature of a redevelopment project approved for the Redevelopment Project Area, at which hearing any interested person or affected taxing district may file with the Village Clerk written objections to and may be heard orally with respect to the proposed amendment of the Redevelopment Plan; and WHEREAS, such proposed changes substantially change the nature of the Project sous to necessitate a public hearing; and WHEREAS, the Act further requires that prior to holding a public hearing, the Village convene a joint review board consisting of a representative selected by each community college district, local elementary school district and high school district or each local community unit school district, park district, library district and county that has authority to directly levy taxes on the property within the Redevelopment Project Area, a representative -2- selected by the Village and a public member to consider the subject matter of the public hearing; and WHEREAS, the Act requires that notice of the public hearing be given by publication and mailing; and WHEREAS, the Corporate Authorities have heretofore and it hereby is determined that it is advisable to hold a public hearing and convene a joint review board to consider the proposed amendments to the Plan, given that the proposed amendments may constitute a substantial change in the nature of the Project: NOW THEREFORE, Be It Ordained by the President and Board of Trustees of the Village of Buffalo Grove, Cook and Lake Counties, Illinois, as follows: Section 1. The amendment of the Redevelopment Plan to add additional Project costs for acquisition of land, rehabilitation, demolition, reconstruction, repair or remodeling of existing public or private buildings and fixtures, to change the estimated date of completion of the Project, the estimated date of retirement of all obligations issued in connection therewith, and certain other related matters is hereby proposed. Section 2. A public hearing shall be held by the President and Board of Trustees of the Village at 7:30 o'clock P.M. on the 16th day of August, 1993, at Chippers Restaurant located at Buffalo Grove Golf Course, 48 Raupp Blvd., Buffalo Grove, Illinois, for the purpose of hearing from any interested persons or affected taxing districts regarding the proposed amendment of Ordinance Number 86 -62 and the Redevelopment Plan. Section 3. Notice of the hearing, substantially in the form attached hereto as Exhibit B with such changes as shall be approved by the President, shall be published at least twice, the first publication to be not more than 30 nor less than 10 days prior to the hearing, in a newspaper of general circulation within the taxing districts having property in the , -3- Redevelopment Project Area. In addition, notice shall be mailed by certified mail not less than 10 days prior to the date set for the hearing, addressed to the person or persons in whose name the general taxes for the last preceding year were paid on each lot, block, tract or parcel of land lying within the Redevelopment Project Area. In the event taxes for the last preceding year were not paid, the notice shall also be sent to the persons last listed on the tax rolls within the preceding three years as the owners of such property. Section 4. Notice shall also be given by certified mail to all taxing districts of which taxable property is included in the Redevelopment Project Area and to the Illinois Department of Commerce and Community Affairs not less than 45 days prior to the hearing, and such notice shall also include an invitation to each taxing district and the Illinois Department of Commerce and Community Affairs to submit written comments prior to the date of the hearing to the Village, to the attention of the Village Clerk, Village Hall, 50 Raupp Blvd., Buffalo Grove, Illinois 60089, concerning the subject matter of the hearing. Each such mailed notice shall include a copy of the Redevelopment Plan, Ordinance Number 86 -62 and a. proposed ordinance to amend Ordinance Number 86 -62. Section S. A draft of the proposed ordinance to amend Ordinance Number 86 -62 and the Redevelopment Plan, shall be placed on file at the offices of the Village. Section 6. A joint review board as set forth in the Act is hereby convened and the board shall meet, review such documents and issue such report as set forth in the Act. The first meeting of said joint review board shall be held at 7:30 P.M. on the 13th day of July, 1993, at the Village Hall, 50 Raupp Blvd. in the lower level conference room, Buffalo Grove, Illinois. -4- Section 7. This Ordinance shall become effective upon its adoption. PASSED this 21 st day of June, 1993. APPROVED this 21 st day of June, 1993. ATTEST: Villa e Clerk President -5- EXHIBIT A Legal Description of the Town Center District Tax Increment Redevelopment Project Area Lots 1 through 18 inclusive in Buffalo Grove Town Center Unit 2, being a Subdivision of part of the Southwest 1/4 of Section 33, Township 43 North, Range 11, East of the Third Principal Meridian, according to the Plat thereof recorded December 1, 1989, as Document No. 2855919 in Lake County, Illinois; and Lots 4 and 5 in Buffalo Grove Town Center Unit 3, being a Subdivision of part of the Southwest 1/4 of Section 33, Township 43 North, Range 11, East of the Third Principal Meridian, according to the Plat thereof recorded April 20, 1990, as Document No. 2898129 in Lake County, Illinois; and Lot 1 in Buffalo Grove Town Center Unit 4, being a Subdivision of part of the Southwest 1/4 of Section 33, Township 43 North, Range 11, East of the Third Principal Meridian, according to the Plat thereof recorded February 7, 1991, as Document No. 2988362 in Lake County, Illinois; and Lots 1, 2, 3 and 4 in Buffalo Grove Town Center Unit 5, being a Subdivision of part of the Southwest 1/4 of Section 33, Township 43 North, Range 11, East of the Third Principal Meridian, according to the Plat thereof recorded March 8, 1991, as Document No. 2997160 in Lake County, Illinois; and That part of the following described Parcel, lying Northwesterly of Lot 1 in Buffalo Grove Town Center Unit 4; commencing. at the Northwest corner of the Southwest quarter of Section 33, Township 43 North, Range 11, East of the Third Principal Meridian; thence North 89° 58' 47" East along the North line of the Southwest quarter of said Section 33, a distance of 193.02 feet to the Easterly line of Buffalo Grove Road per Document, No. 1408038, said point being the point of beginning; thence South 6° 30' 17" East along the Easterly line of Buffalo Grove Road, a distance of 87.66 feet; thence Northeasterly along a curve concave to the Northwest, having a radius of 105.00 feet, an arc distance of 153.36 feet to a point of reverse curvature, the chord of said arc having a length of 140.09 feet.and a bearing of North 41' 39' 08" East; thence Northeasterly along a curve concave to the Southeast, having a radius of 95.00 feet, an arc distance of 111.06 feet to a point of compound curvature, the chord of said arc having a length of 104.84 feet and a bearing of North 33° 18' 03" East; thence Easterly along a curve concave to the South, having a radius of 423.50 feet, an arc distance of 655.76 feet to a point of compound curvature, the chord of said arc having a length of 592.18 feet and a bearing of south 68° 50' 54" East; thence Southeasterly along a curve, concave to the Northeast, having a radius of 300.00 feet, an arc distance of 96.14 feet to a point of tangency, the chord of said arc having a length of 95.73 feet and a bearing of South 33° 40' 12" East; thence South 42° 58' 03" East, a distance of 70.54 feet to a point on the North line. of Lot 2 in Buffalo Grove Town Center Unit 1; thence North 50° 12' 54" East along the North line of Lot 2, a distance of 198.31 feet to the Northeast corner of said Lot 2, said point being also on the Westerly line of Illinois - Route 83; thence Northwesterly along said Westerly line of Illinois Route 83, said line being a curve, concave to the Southwest, having a radius of 1,096.00 feet, an arc distance of 473.45 feet to a point of tangency, the chord of said arc having a length of 469.77 feet and a bearing of North 41° 44' 41" West; thence North 54° 07' 12" West along said Westerly line of Illinois Route 83, a distance of 555.55 feet to the Easterly corner of Lot 1 in Amoco addition to Buffalo Grove, according to Document No. 2317012; thence South 64° 48' 23" West along the Southerly line of said Lot 1, a distance of 280.69 feet to the Southwest corner of said Lot 1; said point being also on the Easterly line of Buffalo Grove Road, dedicated by Document No. 1408038; thence South 6° 30' 17" East along said Easterly line, a distance of 446.54 feet to the place of beginning, in Lake County, Illinois; and Lot 1 in Amoco addition in Buffalo Grove, being a Subdivision of part of the Southwest 1/4 of Section 33, Township 43 North, Range 11, East of the Third Principal Meridian, according to the Plat thereof recorded October 18, 1984, as Document No. 2317012 in Lake County, Illinois; and Lot 1 in Buffalo Grove Town Center Subdivision, being a part of the Southwest 1/4 Section 33, Township 43 North, Range 11, East of the Third Principal Meridian, according to the plat thereof recorded October 17, 1978, as Document No. 1953929 in Lake County, Illinois. -2- EXHIBIT B NOTICE OF PUBLIC HEARING VILLAGE OF BUFFALO GROVE, COOK AND LAKE COUNTIES, ILLINOIS TOWN CENTER DISTRICT TAX INCREMENT REDEVELOPMENT PROJECT AREA Notice is hereby given that on August 16, 1993, at 7:30 P.M. at Chippers Restaurant located at Buffalo Grove Golf Course, 48 Raupp Blvd., Buffalo Grove, Illinois, a public hearing will be held to consider the amendment of the redevelopment plan (the "Redevelopment Plan") heretofore approved for that certain Redevelopment Project Area known as the Town Center District Tax Increment Redevelopment Project Area (the "Redevelopment Project Area "). The Redevelopment Project Area consists of the territory legally described as follows: Lots 1 through 18 inclusive in Buffalo Grove Town Center Unit 2, being a Subdivision of part of the Southwest 1/4 of Section 33, Township 43 North, Range 11, East of the Third Principal Meridian, according to the Plat thereof recorded December 1, 1989, as Document No. 2855919 in Lake County, Illinois; and Lots 4 and 5 in Buffalo Grove Town Center Unit 3, being a Subdivision of part of the Southwest 1/4 of Section 33, Township 43 North, Range 11, East of the Third Principal Meridian, according to the Plat thereof recorded April 20, 1990, as Document No. 2898129 in Lake County, Illinois; and Lot 1 in Buffalo Grove Town Center Unit 4, being a Subdivision of part of the Southwest 1/4 of Section 33, Township 43 North, Range 11, East of the Third Principal Meridian, according to the Plat thereof recorded February 7, 1991, as Document No. 2988362 in Lake County, Illinois; and Lots 1, 2, 3 and 4 in Buffalo Grove Town Center Unit 5, being a Subdivision of part of the Southwest 1/4 of Section 33, Township 43 North, Range 11, East of the Third Principal Meridian, according to the Plat thereof recorded March 8, 1991, as Document No. 2997160 in Lake County, Illinois; and That part of the following described Parcel, lying Northwesterly of Lot 1 in Buffalo Grove Town Center Unit 4; commencing at the Northwest corner of the Southwest quarter of Section 33, Township 43 North, Range 11, East of the Third Principal Meridian; thence North 89° 58' 47" East along the North line of the Southwest quarter of said Section 33, a distance of 193.02 feet to the Easterly line of Buffalo Grove Road per Document No. 1408038, said point being the point of beginning; thence South 6° 30' 17" East along the Easterly line of Buffalo Grove Road, a distance of 87.66 feet; thence Northeasterly along a curve concave to the Northwest, having a radius of 105.00 feet, an arc distance of 153.36 feet to a point of reverse curvature, the chord of said arc having a length of 140.09 feet and a bearing of North 41* 39' 08" East; thence Northeasterly along a curve concave to the Southeast, having a radius of 95.00 feet, an arc distance of 111.06 feet to a point of compound curvature, the chord of said arc having a length of 104.84 feet and a bearing of North 33° 18' 03" East; thence Easterly along a curve concave to the South, having a radius of 423.50 feet, an arc distance of 655.76 feet to a point of compound curvature, the chord of said arc having a length of 592.18 feet and a bearing of south 68° 50' 54" East; thence Southeasterly along a curve, concave to the Northeast, having a radius of 300.00 feet, an arc distance of 96.14 feet to a point of tangency, the chord of said arc having a length of 95.73 feet and a bearing of South 33° 40' 12" East; thence South 42° 58' 03" East, a distance of 70.54 feet to a point on the North line of Lot 2 in Buffalo Grove Town Center Unit 1; thence North 50° 12' 54" East along the North line of Lot 2, a distance of 198.31 feet to the Northeast corner of said Lot 2, said point being also on the Westerly line of Illinois Route 83; thence Northwesterly along said Westerly line of Illinois Route 83, said line being a curve, concave to the Southwest, having a radius of 1,096.00 feet, an arc distance of 473.45 feet to a point of tangency, the chord of said arc having a length of 469.77 feet and a bearing of North 41° 44'41" West; thence North 54° 07' 12" West along said Westerly line of Illinois Route 83, a distance of 555.55 feet to the Easterly corner of Lot 1 in Amoco addition to Buffalo Grove, according to Document No. 2317012; thence South 64° 48' 23" West along the Southerly line of said Lot 1, a distance of 280.69 feet to the Southwest corner of said Lot 1; said point being also on the Easterly line of Buffalo Grove Road, dedicated by Document No. 1408038; thence South 6° 30' 17" East along said Easterly line, a distance of 446.54 feet to the place of beginning, in Lake County, Illinois; and Lot 1 in Amoco addition in Buffalo Grove, being a Subdivision of part of the Southwest 1/4 of Section 33, Township 43 North, Range 11, East of the Third Principal Meridian, according to the Plat thereof recorded October 18, 1984, as Document No. 2317012 in Lake County, Illinois; and Lot 1 in Buffalo Grove Town Center Subdivision, being a part of the Southwest 1/4 Section 33, Township 43 North, Range 11, East of the Third Principal Meridian, according to the plat thereof recorded October 17, 1978, as Document No. 1953929 in Lake County, Illinois. The approximate street location and description of the Redevelopment Project Area is as follows: All properties are within the area bounded by Lake -Cook Road, Illinois State Route 83 and Buffalo Grove Road, lying entirely within Lake County, Illinois. There will be considered at the hearing certain proposed amendments to Ordinance Number 86 -62 approving the Redevelopment Plan for the Redevelopment Project Area. The Redevelopment Plan, as proposed to be amended, together with the proposed ordinance and Ordinance Number 86 -62 is on file and available for public inspection at the office of the Village Clerk at 50 Raupp Blvd., Buffalo Grove, Illinois. The proposed amendments relate to the addition of redevelopment project costs for acquisition of land, rehabilitation, -2- demolition, reconstruction, repair or remodeling of existing public or private buildings and fixtures, the estimated dates of completion of the heretofore approved redevelopment project for the Redevelopment Project Area and the retirement of obligations to be incurred to finance redevelopment project costs in connection therewith and to various related matters. Prior to the date of the hearing, each taxing district having property in the Redevelopment Project Area and the Illinois Department of Commerce and Community Affairs may submit written comments to the Village, to the attention of the Village Clerk, 50 Raupp Blvd., Buffalo Grove, Illinois 60089. There is hereby convened a joint review board to consider the proposed amendments. The joint review board shall consist of a representative selected by each community college district, local elementary school district and high school district or each local community unit school district, park district, library district and county that has authority to directly levy taxes on the property within the Redevelopment Project Area, a representative selected by the Village, and a public member. The first meeting of said joint review board shall be held at 7:30 P.M. on the 13th day of July, 1993, at Village Hall lower level conference room, 50 Raupp Blvd., Buffalo Grove, Illinois. At the hearing, all interested persons or affected taxing districts may file written objections with the Village Clerk and may be heard orally with respect to any issues regarding the amendment of the Redevelopment Plan. The hearing may be adjourned by the President and Board of Trustees of the Village without further notice other than a motion to be entered upon the minutes of the hearing fixing the time and place of the subsequent hearing. By /s /� Village Clerk Village of Buffalo Grove Cook and Lake Counties, Illinois W-JI Trustee Braiman moved and Trustee Rubin seconded the motion that said ordinance as presented be adopted. After a full discussion thereof including a public recital of the nature of the matter being considered and such other information as would inform the public of the nature of the business being conducted, the President directed that the roll be called for a vote upon the motion to adopt said ordinance as read. Upon the roll being called, the following Trustees voted AYE: 4 - Reid, Kahn Rubin Braiman The following Trustees voted NAY: 2 - Marienthal, Hendricks Whereupon the President declared the motion carried and said ordinance adopted, approved and directed the Village Clerk to record the same in full in the records of the President and Board of Trustees of the Village of Buffalo Grove, Cook and Lake Counties, Illinois, which was done. Other business not pertinent to the adoption of said ordinance was duly transacted at the meeting. Upon motion duly made, seconded and carried, the meeting was adjourned. Village Clerk STATE OF ILLINOIS ) ) SS COUNTY OF COOK ) CERTIFICATION OF ORDINANCE AND MINUTES I, the undersigned, do hereby certify that I am the duly qualified and acting Village Clerk of the Village of Buffalo Grove, Cook and Lake Counties, Illinois (the "Village "), and that as such official I am the keeper of the records and files of the President and Board of Trustees of the Village (the "Corporate Authorities"). I do further certify that the foregoing is a full, true and complete transcript of that portion of the minutes of the meeting of the Corporate Authorities held on the 21st day of June, 1993, insofar as same relates to the adoption of an ordinance entitled: AN ORDINANCE proposing the amendment of the Redevelopment Plan and Project heretofore approved for the Town Center District Tax Increment Redevelopment Project Area, convening a joint review board and calling a public hearing in connection therewith. a true, correct and complete copy of which said ordinance as adopted at said meeting appears in the foregoing transcript of the minutes of said meeting. I do further certify that the deliberations of the Corporate Authorities on the adoption of said ordinance were conducted openly, that the vote on the adoption of said ordinance was taken openly, that said meeting was held at a specified time and place convenient to the public, that notice of said meeting was duly given to all of the news media requesting such notice, that said meeting was called and held in strict compliance with the provisions of the Open Meetings Act of the State of Illinois, as amended, and the Illinois Municipal Code, as amended, and that the Corporate Authorities have complied with all of the provisions of said Act and said Code and with all of the procedural rules of the Corporate Authorities. IN WITNESS WHEREOF, I hereunto affix my official signature and the seal of the Village, this day of June, 1993. Village Clerk (SEAL)