ACTION REQUESTED:
Title
Communication from the City Manager with a Request to ADOPT an ORDINANCE to Amend the DESIGNATING ORDINANCE and INTERGOVERNMENTAL AGREEMENT for the PEORIA URBAN ENTERPRISE ZONE.
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BACKGROUND: In December 2014, the City of Peoria, Peoria County, Village of Peoria Heights and the City of West Peoria submitted a joint application to the State of Illinois for a new multi-jurisdictional Enterprise Zone. The new Enterprise Zone, named the Peoria Urban Enterprise Zone (PUEZ), was approved in the summer of 2015 and certified by the State of Illinois in December 2015 and includes a total of 15 square miles. The City of Peoria's maximum allowable miles in the PUEZ is 10 square miles. The City has designated 5.61 square miles in the PUEZ and has 4.39 square miles remaining for additional parcels.
The Peoria Urban Enterprise Zone became active on January 1, 2016. On June 14, 2016 City Council approved a proposed amendment to the PUEZ requested by Peoria County to include the Villages of Bartonville, Bellevue, and Mapleton. Subsequently, all participating jurisdictions in the PUEZ and the State of Illinois approved the proposed PUEZ amendment. From the amendment, Peoria County's 4.55 square mile cap was reduced to provide square miles to the new units of government. The City of Peoria's designated PUEZ square miles were unaffected by the amendment.
On October 25, 2016 City Council approved staff to commence the process to add new property to the PUEZ: Parkwood Commons (1720 N. Great Oak Rd., also known as Pierson Hills), Western Ave (200-1200 S. Western), and the Butternut Bakery (1511 W. Lincoln Ave.). The additional parcels total .09 square miles and increases the City of Peoria's PUEZ boundaries to 5.71 square miles. The City of Peoria has 4.3 square miles remaining for additional parcels.
Attached is the Peoria Urban Enterprise Zone Amending Ordinance that includes the addition of the proposed parcels as well as some changes to Peoria...
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