R2020-182 Resolution Authorizing the Final Agreement Between the City of Decatur, Illinois and Airport Plaza Joint Venture, LLC-Payment of Reimbursable Costs

Home Browse Search

RESOLUTION NO. R2020- IT�- RESOLUTION AUTHORIZING THE FINAL AGREEMENT BETWEEN_THE CITY OF DECATUR,ILLINOIS AND AIRPORT PLAZA JOINT VENTURE,LLC-PAYMENT OF REIMBURSABLE COSTS WHEREAS, the City has adopted a program for the redevelopment of a redevelopment area known as the City of Decatur/Southeast Plaza TIF Tax Increment Redevelopment Area (the "Redevelopment Area")in the City,pursuant to 65 ILCS 5/11-74.4-1,et seq of the Illinois Revised Statutes,the "Tax Increment Allocation Redevelopment Act" (hereinafter referred to as the "Act"); WHEREAS,the City has,pursuant to the provisions of the Act, adopted a plan known as the City of Decatur/Southeast Plaza Tax Increment Redevelopment Plan and Project (hereinafter referred to as the "Redevelopment Plan")pertaining to the redevelopment of the Redevelopment Area; BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DECATUR, ILLINOIS: Section 1. That the Final Agreement presented to the Council, as Exhibit A attached hereto and hereby incorporated by reference, between the City of Decatur and Airport Plaza Joint Venture, LLC. For payment of Reimbursable Costs is hereby received,placed on file, and approved. Section 2. That the City Manager of the City of Decatur, Illinois is hereby authorized to sign and implement said agreement on behalf of the City of Decatur. PRESENTED and ADOPTED this 21'day of December 2020. J E MOORE WOLFE, MA R ATTEST: W�a CITY CLERK