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CONTRACT FOR PROFESSIONAL SERVICES <br /> BETWEEN <br /> THE CITY OF DECATUR,ILLINOIS AND PGAV PLANNERS,LLC <br /> (Proposed Central TIF Redevelopment Project Area) <br /> THIS AGREEMENT is entered into on the date and by execution shown hereafter,by and between the <br /> City of Decatur,Illinois(hereinafter referred to as the"City")and PGAV Planners,LLC,(hereinafter referred <br /> to as"PGAV'). <br /> WITNESSETH: <br /> Whereas,the City is interested in the development and improvement of areas within the City utilizing the <br /> Tax Increment Allocation Redevelopment Act,65 ILCS, 5/11-74.4-1 et. seq., as amended(the"TIF Act") <br /> to facilitate development in the area; and <br /> Whereas,the City desires to explore the feasibility of establishing a tax increment finance redevelopment <br /> project area in an area shown in Exhibit A, attached herein(the"Project Area");and <br /> Whereas, in order to establish a new TIF redevelopment project area, the City wishes to retain PGAV to <br /> undertake an eligibility study to determine if all or a portion of the Project Area is eligible under the appli- <br /> cable provisions of the Act; and <br /> Whereas,in the event all or a portion of the Project Area is eligible for designating as a TIF redevelopment <br /> project area,the City may direct PGAV to prepare a redevelopment plan for this area,pursuant to the scope <br /> of services described herein; and <br /> Whereas,PGAV is duly experienced in conducting eligibility studies and preparing TIF redevelopment plans. <br /> Now,Therefore,the parties hereto do mutually agree as follows: <br /> I. SCOPE OF SERVICES <br /> A. Interested Parties Registry <br /> PGAV will assist the City in complying with the requirements of the Act regarding the"interested parties <br /> registry."This assistance includes providing the City with drafts of the following: <br /> 1. A newspaper notice of registration for the interested parties registry regarding the proposed TIF <br /> district. <br /> 2. An updated TIF interested parties registration form. <br /> Decatur <br /> F►w" ERS. <br /> Decatur Proposed TIF _ 1 _ �`�/ <br />