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City Clerk <br /> DATE: 2/15/2023 <br /> MEMO: <br /> TO: Mayor Julie Moore Wolfe <br /> City Council Members <br /> FROM: Jon Kindseth,Deputy City Manager <br /> SUBJECT: Resolution Adding Territory to the Decatur Macon County Enterprise Zone-Garfield School Site and <br /> Jasper/Grand Area(Durfee Site) <br /> SUMMARY RECOMMENDATION: City staff recommends approval of this item amending the boundaries of the <br /> Enterprise Zone. <br /> BACKGROUND: <br /> In the interest of community growth and the economic competitiveness of the region,the Decatur-Macon County Enterprise Zone <br /> administration board,in cooperation with local governmental bodies and key community stakeholders,have determined that it is <br /> in the best interest of the region to submit the enclosed property for inclusion in the Decatur-Macon County Enterprise Zone to <br /> increase their viability for redevelopment. In recent history the Enterprise Zone has been successful in fostering growth within the <br /> Decatur Metropolitan Statistical Area(MSA)by reducing the communities estimated poverty rate from 18.4%in 2015 to 15.2% <br /> in 2020. However,areas of persistent poverty remain. This proposed addition is located within Census Track#6/Macon <br /> County/IL which has an estimated poverty rate of 63.9%as of 2020. Economic incentives such as Enterprise Zone benefits are <br /> often key factors in private investment into destressed areas. This agency,along with key community stakeholders,feels that the <br /> addition of this land is vital for the continued growth and economic wellbeing of Macon County and its citizens. <br /> STAFF REFERENCE: Additional questions can be forwarded to Jon Kindseth,Deputy City Manager at 217424-2801 <br /> Okindseth@decaturil.gov). <br /> ATTACHMENTS: <br /> Description Type <br /> Resolution Resolution Letter <br />