NOTICE OF PUBLIC HEARING VILLAGE OF TILTON, VERMILION COUNTY, ILLINOIS PROPOSED APPROVAL OF REDEVELOPMENT PLAN AND REDEVELOPMENT PROJECTS, ESTABLISHMENT OF REDEVELOPMENT PROJECT AREA AND ADOPTION OF TAX INCREMENT ALLOCATION FINANCING THEREFOR NOTICE IS HEREBY GIVEN that the President and Board of Trustees (the "Corporate Authorities") of the Village of Tilton, Vermilion County, Illinois (the "Municipality") will hold a public hearing for the purpose of hearing all protests and objections in connection with the proposed approval of a redevelopment plan entitled "Redevelopment Plan and Project" (the "Redevelopment Plan"), establishment of an redevelopment project area to be known as the "Tilton TIF II Redevelopment Project Area" (a/k/a "Redevelopment Project Area No. 2", the "Redevelopment Project Area") and the proposed adoption of tax increment allocation financing therefor under and pursuant to the Tax Increment Allocation Redevelopment Act (65 ILCS 5/11-74.4.1 et seq.), as supplemented and amended (the "Act"), including notice as follows: 1. The Corporate Authorities of the Municipality will hold the public hearing at 6:00 p.m. on Thursday, November 20, 2014, at the Village Hall, 1001 Tilton Road, Tilton, Illinois 61833. Such public hearing may be adjourned by the Corporate Authorities of the Municipality to another time and date without further notice other than a motion to be entered upon the minutes of the Corporate Authorities of the Municipality fixing the time, date and place of such adjourned public hearing. 2. The boundaries of the proposed Redevelopment Project Area by legal description are attached to and immediately follow this Notice of Public Hearing. The proposed Redevelopment Project Area consists of approximately 275 parcels, the boundaries of which, by street location where possible, are as follows: The Redevelopment Project Area (the "Area") encompasses parcels adjacent to I-74, 5th St, and the railroad parcel along 8th St. A large undeveloped parcel makes up northeast portion of the Area, which then continues south to include some industrial properties north of I-74. The eastern side the Area follows railroad right-of-way south and includes parcels adjacent to Linden St. The center of the Area consists of parcels adjacent to "G" St south to 5th St, where parcels between "L" St and "E" St are included. West of "L" St several large parcels are included and south of 5th St the Area extends to a group of properties adjacent to 8th St. Continuing north east the Area follows 8th St and includes a group of properties reaching to 14th St. 3. The Corporate Authorities of the Municipality will give all interested persons an opportunity to be heard at the public hearing. In addition, any interested person or any affected taxing district may file written comments with the Municipality at or before the public hearing regarding any issues embodied in the subject matter of this Notice of Public Hearing by directing such comments to the attention of the Village Clerk, Village Hall, 1001 Tilton Road, Tilton, Illinois 61833 (Telephone: 217/477-0800; Fax: 217/477-0806; E-mail: cweddle@tilton.com). 4. The proposed Redevelopment Plan, which includes in reasonable detail the basis for the eligibility of the Redevelopment Project Area under the Act and a description of the proposed redevelopment projects, is on file with and available for public inspection at the office of the Village Clerk of the Municipality located in the Village Hall, 1001 Tilton Road, Tilton, Illinois. In general, such Redevelopment Plan sets forth the program of the Municipality to: (i) undertake studies, surveys, development of plans and specifications, including staff and professional service costs for architectural, engineering, legal, environmental, marketing or other services; (ii) undertake property assembly, including acquisition of land and other property, real or personal; demolition of structures, site preparation and the clearing and grading of land; (iii) undertake rehabilitation, reconstruction, repair or remodeling of existing public or private buildings, fixtures or leasehold improvements; (iv) undertake the construction of public works or improvements (construction or reconstruction of rights-of-way, additional safety barriers, streets, roadways, curbs and gutters, street lighting, sidewalks, bicycle pathways and public utilities, including storm and sanitary sewers, and lift stations); (v) undertake financing, including any related to the issuance of obligations; interest costs incurred by a redeveloper related to the construction, renovation or rehabilitation of a Redevelopment Project; and (vi) provide relocation to the extent that the Municipality determines that these costs shall be paid or are required by federal or state law. Such Redevelopment Plan also includes, but is not limited to: (i) an itemized list of estimated redevelopment project costs; (ii) evidence indicating that the proposed Redevelopment Project Area on the whole has not been subject to growth and development through investment by private enterprise; (iii) an assessment of any financial impact of the proposed Redevelopment Project Area on or any increased demand for services from any taxing district affected by the Redevelopment Plan and any redevelopment program to address such financial impact or increased demand; (iv) the sources of funds to pay such redevelopment project costs; (v) the nature and term of obligations to be issued by the Municipality, if any, to pay such redevelopment project costs; (vi) the most recent equalized assessed valuation of the proposed Redevelopment Project Area; (vii) an estimate of the equalized assessed valuation of the proposed Redevelopment Project Area after completion of the proposed Redevelopment Projects; (viii) the estimated date of completion of the proposed Redevelopment Projects; (ix) a description of the proposed general land uses to apply in the proposed Redevelopment Project Area; (x) a commitment by the Municipality to fair employment practices and an affirmative action plan regarding any proposed redevelopment program to be undertaken by the Municipality; and (xi) if property is to be annexed to the Municipality, the terms of the annexation agreement, if any. The types of redevelopment project costs incidental to the proposed Redevelopment Plan as authorized by the Act include, but are not limited to, studies, surveys, marketing costs, professional fees, administrative costs, infrastructure, land & real estate acquisition & assembly, & related disposition, public and private repair, remodeling and rehabilitation costs, taxing district capital costs & improvements, elementary and secondary school districts increased costs attributable to assisted housing units, interest costs, private interest subsidies, and public improvements & facilities. To achieve this objective, the Redevelopment Plan proposes to provide assistance for commercial development, and related & appurtenant development. 5. The Municipality hereby requests proposals from any developer or redeveloper in connection with the Redevelopment Project Area. 6. Additional information with respect to the proposed Redevelopment Plan, redevelopment projects and Redevelopment Project Area can be obtained from the following: David Phillips, Village President 1001 Tilton Road, Tilton, IL 61833 Tel: (217) 477-0800 - Fax: (217) 477-0806 Email: dphillips@tiltonil.com By order of the President and Board of Trustees of the Village of Tilton, Vermilion County, Illinois. By:/s/David Phillips, Village President Legal Description: Part of sections 18 and 19, township 19 north, range 11 west of the second principal meridian, all situated in the village of tilton, vermilion county, illinois, more particularly described as follows: beginning at the southwest corner of the northwest quarter of section 19, township 19 north, range 11 west of the second principal meridian; thence northerly along the west line of said northwest quarter, to the northwest corner of said northwest quarter, said corner also being the southwest corner of the southwest quarter of section 18, township 19 north, range 11 west of the second principal meridian; thence easterly along the south line of said southwest quarter, a record distance of 26.24 feet to the southeast corner of the parcel of land as described in quit claim deed recorded as document 07-12292 in the vermilion county recorder's office; thence northerly along the east line of said parcel, a record distance of 377 feet to the northeast corner of said parcel; thence westerly along the north line of said parcel, to the intersection of the west line of said southwest quarter; thence northerly along the west line of said southwest quarter, to the northwest corner of said southwest quarter; thence easterly along the north line of said southwest quarter, a record distance of 965.05 feet to the northwest corner of the parcel of land as described in special warranty deed recorded as document 97-08931 in the vermilion county recorder's office; thence continuing easterly along said north line, said line also being the north line of said parcel, a record distance of 150.2 feet; thence northerly (358 degrees 45 minutes 19 seconds) along said north line, a record distance of 245.58 feet; thence easterly (089 degrees 03 minutes 31 seconds) along said north line, a record distance of 294.04 feet; thence northerly (359 degrees 22 minutes 34 seconds) along said north line, a record distance of 28.96 feet; thence easterly (088 degrees 14 minutes 59 seconds) along said north line, a record distance of 57.84 feet; thence northerly (357 degrees 39 minutes 34 seconds) along said north line, a record distance of 25.17 feet; thence southeasterly (106 degrees 32 minutes 22 seconds) along said north line, a record distance of 59.93 feet; thence easterly (089 degrees 12 minutes 48 seconds) along said north line, a record distance of 442.12 feet; thence southerly (179 degrees 12 minutes 48 seconds) along said north line, a record distance of 27.0 feet; thence easterly (089 degrees 12 minutes 48 seconds) along said north line, a record distance of 20.00 feet; thence northerly (359 degrees 12 minutes 48 seconds) along said north line, a record distance of 27.4 feet; thence easterly (089 degrees 12 minutes 48 seconds) along said north line, a record distance of 158.14 feet; thence northerly (005 degrees 31 minutes 00 seconds) along said north line, a record distance of 318.65 feet; thence easterly (088 degrees 49 minutes 15 seconds) along said north line, a record distance of 51.38 feet; thence northerly (007 degrees 18 minutes 37 seconds) along said north line, a record distance of 68.58 feet; thence northeasterly (024 degrees 50 minutes 32 seconds) along said north line, a record distance of 62.22 feet; thence northwesterly (352 degrees 21 minutes 18 seconds) along said north line, a record distance of 72.36 feet; thence northeasterly along said north line, being a curve with a record arc distance of 58.95 feet; thence northeasterly (008 degrees 03 minutes 04 seconds) along said north line, a record distance of 153.33 feet; thence northeasterly along said north line, being a curve with a record arc distance of 329.46 feet; thence northeasterly (030 degrees 12 minutes 37 seconds) along said north line, a record distance of 101.41 feet; thence northeasterly (038 degrees 21 minutes 54 seconds) along said north line, a record distance of 49.31 feet; thence southeasterly (128 degrees 07 minutes 20 seconds) along said north line, a record distance of 53.98 feet; thence northeasterly (070 degrees 21 minutes 18 seconds) along said north line, a record distance of 13.91 feet; thence northeasterly (014 degrees 24 minutes 38 seconds) along said north line, a record distance of 123.65 feet; thence northeasterly along said north line, being a curve with a record arc distance of 144.05 feet; thence northeasterly (027 degrees 58 minutes 09 seconds) along said north line, a record distance of 259.85 feet; thence northeasterly (046 degrees 01 minutes 25 seconds) along said north line, a record distance of 20.63 feet; thence northeasterly (039 degrees 24 minutes 46 seconds) along said north line, a record distance of 57.42 feet; thence northeasterly (017 degrees 01 minutes 26 seconds) along said north line, a record distance of 207.74 feet; thence northeasterly (016 degrees 01 minutes 12 seconds) along said north line, a record distance of 191.81 feet; thence northerly (000 degrees 00 minutes 00 seconds) along said north line, a record distance of 120 feet, more or less , to the south bank of the vermilion river; thence easterly meandering along said south bank, to the intersection of the north line of the northeast quarter of said section 18; thence easterly along said north line, to the northeast corner of said northeast quarter; thence southerly along the east line of said northeast quarter, to the southeast corner of said northeast quarter; thence westerly along the south line of said northeast quarter, to the east right-of-way line of the csx transportation railroad (c.c.c. & st. l. railroad); thence southerly along said right-of-way line, to the north right-of-way line of federal aid interstate route 74; thence easterly along said right-of-way line, to the east line of north tilton subdivision; thence southerly along said east line, to the northwest right- of-way line of tilton road, said right-of-way line formerly being the northwest right- of-way line of the catlin division of danville, urbana and champaign railway; thence southwesterly along said right-of-way line, to the south right-of-way line of elden street; thence westerly along said right-of-way line and the westerly extension of the said right-of-way line, to the intersection of the east right-of-way line of the csx transportation railroad (c.c.c. & st. l. railroad); thence southerly along said right-of- way line, to the south right-of-way line of 14th street (state street); thence easterly along said right-of-way line, to the west line of state street addition, said line being the east line of the 66 feet reserve along the east side of the csx transportation railroad (c.c.c. & st. l. railroad); thence southwesterly and southerly along the west line of state street addition, melrose addition, and lewis e. wodetski's addition, said line being the east line of said 66 feet reserve along the east side of the csx transportation railroad (c.c.c. & st. l. railroad), to the south right-of-way of myers street; thence westerly along said south right-of-way and the south right-of-way line of emerson avenue (north street), a record distance of 219 feet to the intersection of the southerly extension of the west right-of-way line of ferndale avenue (central avenue); thence northerly along said southerly extension and said west right-of-way line, a record distance of 1,912.67 feet to the southeast right-of-way line of patterson avenue; thence southwesterly along said southeast right-of-way line, a record distance of 1,557.76 feet to the east right-of-way line of kingsdale avenue (hegeler avenue); thence southerly along said east right-of-way line, a record distance of 919.3 feet to the south line of the north half of said section 19; thence easterly along said south line, to the point of beginning. EXCEPT: Beginning at the southwest corner of lot 310 of north tilton subdivision, said corner being on the north right-of-way line of 4th street, said corner also being on the east right-of-way line of "l" street; thence northerly along the said east right-of-way line, to the south right-of-way line of federal aid interstate route 74; thence easterly along said south right-of-way line, to the east line of lot 189 of said subdivision; thence southerly along said east line and the southerly extension of said line, to the northwest corner of lot 205 of said subdivision; thence easterly along the north line of said lot 205, said line being the south line of a 15 foot alley, to the northeast corner of said lot 205; thence southerly along the east line of said lot 205, the southerly extension of said east line, the east line of lot 230 of said subdivision and the southerly extension of said east line, to the south line of a 10 foot alley, said line being the north line of a 25 foot reserve; thence easterly along said south line, to the intersection of the southerly extension of the east line of lot 229 of said subdivision; thence southerly along said extension, to the south line of said reserve, said line being the north line of a 10 foot alley; thence westerly along said south line, to the intersection of the northerly extension of the east line of lot 3 of block 3 of ellsworth coal co's first addition; thence southerly along said extension and said east line, to the southeast corner of said lot 3, said corner being on the north right-of-way line of 4th street (cherry street); thence westerly along said north right-of-way line, to the point of beginning. ALSO EXCEPT: Beginning at the southwest corner of lot 6 of block 1 of ellsworth coal co's first addition, said corner being on the north line of a 16.5 foot alley; thence northerly along the west line of said lot 6, the northerly extension of said west line, the west line of lot 6 of block 2 of said subdivision and the northerly extension of said west line, to the north line of a 10 foot alley, said line also being the south line of a 25 foot reserve; thence westerly along said north line, to the intersection of the southerly extension of the west line of lot 225 of north tilton subdivision; thence northerly along said extension, said west line, the northerly extension of said west line, and the west line of lot 210 of said subdivision, to the northwest corner of said lot 210; thence easterly along the north line of said lot 210 and the north line of lot 211 of said subdivision, said line being the south line of a 15 foot alley, to the northeast corner of said lot 211; thence northerly along the southerly extension of the west line of lot 181 of said subdivision and said west line, to the south right-of-way line of federal aid interstate route 74; thence easterly along said south right-of-way line, to the west right-of-way line of "f" street (evans street); thence southerly along said west right-of-way line, to the south right-of-way line of 3rd street; thence easterly along said south right-of-way line, to the northeast corner of lot 104 of said subdivision, said corner being on the west line of a 15 foot alley; thence southerly along said west line, to the southeast corner of lot 123 of said subdivision, said corner being on the north line of a 16.5 foot alley; thence westerly along said north line, to the point of beginning. ALSO EXCEPT: Beginning at the southwest corner of lot 18 of frank e. leseure's third addition, said corner being on the east line of a 15 foot alley, said corner also being on the north right-of-way line of 7th street (wheeler street); thence northerly along said east line, to the northwest corner of lot 6 of frank leseure's first addition, said corner being on the south line of a 20 foot alley; thence easterly along said south line, to the west northeast corner of lot 19 of block 10 in the original town of tilton; thence northeasterly perpendicular to said south line, to the north line of said alley; thence northwesterly along said north line, to the northwest corner of lot 6 of said block 10; thence northeasterly along the north line of said lot 6, to the northeast corner of said lot, said corner being on the west right-of-way line of "h" street (georgetown avenue); thence southeasterly along said west right-of-way line, to the intersection of the southwesterly extension of the west line of lot 8 of block 5 of said original town; thence northeasterly along said southwesterly extension & said west line, to the deflection point of said west line; thence southeasterly, to the northwesterly corner of lot 12 of said block 5; thence easterly along the north line of said lot 12, to the northeasterly corner of said lot 12, said corner being on the west line of a 20 foot alley; thence southeasterly along said west line, to the intersection of the southwesterly extension of the south line of lot 26 of said block 5; thence northeasterly along said southwesterly extension, said south line and the northeasterly extension of said line, to the intersection of the east right-of-way line of "g" street (page street); thence northwesterly along said east right-of-way line, to the northwest corner of lot 10 of block 4 of said original town, said corner being on the south line of a 20 foot alley; thence easterly along said south line and the easterly extension of said line, to the intersection of the east line of a 20 foot alley in block 2 of said original town; thence northeasterly along said east line, to the northeast corner of lot 21 of said block 2; thence southeasterly along the east line of said lot 21, to the southeast corner of said lot 21, said corner being on the north right-of-way line of 8th street (railroad avenue); thence southwesterly along said north right-of-way line, to the southeast corner of lot 8 of block 3 of said original town; thence northwesterly along the east line of said lot 8, the northwesterly extension of said line, & the east line of lot 7 of said block 3, to the north line of the south 25 feet of said lot 7; thence southwesterly along said north line, to the west line of said lot 7, said line being on the east right-of-way of "g" street (page street); thence northwesterly along said right-of-way line, to the southwest corner of said lot 13 of block 4 of said original town, said corner being on the north right-of-way line of 7th street (wheeler street); thence southwesterly and westerly along said north right-of-way line, to the point of beginning.
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