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Central TIF Redevelopment Plan and Project Area Decatur, Illinois <br /> Eligibility of Vacant Parcels <br /> 1. Summary of Findings on Deterioration in Neighboring Areas Adjacent to Vacant <br /> Land <br /> Out of the total 2,211 parcels within the proposed TIF District, 458 (21.1%) are vacant. <br /> Of those 458 vacant parcels, 457 (99.8%) are adjacent to deteriorated roadways or im- <br /> proved properties containing deteriorated structures and/or site improvements. <br /> 2. Summary of Findings on Declining/Sub-Par EAV Growth <br /> See Summary of Findings on Declining/Sub-par EAV Growth(Item 3) in previous sub- <br /> section titled Eligibility of Improved Parcels and Table B below. <br /> Table B: Comparison of EAV Growth Rates (2017-2022) <br /> COMPARISON OF EAV GROWTH RATES(2017-2022) <br /> Central TIF Redevelopment Project Area <br /> Ci of Decatur,Illinois <br /> Project Area EAVArea Growth Rate;Area Growth Rate Less <br /> EAV` Declined? Balance of City'" Less Than Balance Than CPI for All Urban <br /> Assessment Year of City? Consumers? <br /> 2017 $ 34,865,344 $826,671,238 <br /> 2018 $ 34,421,850 $819,092,644 <br /> _.._....... _..._... --------._._._....._.__._...-o. o _...- <br /> Annual Percent Chang e t -1.3% YES A.9/o YES YES _ <br /> -------- -- ------ <br /> 2019 ( $ 34,509,415 $827,208,257 <br /> Annual Percent Chane 0.3% NO 1.0% YES YES <br /> . <br /> 2020 $ 32,999,022 $839,508,556 <br /> _...............__ _........._.. ..._....._....._.. ......_.......... _........_...._ 1-1-11---. --.......... <br /> ................._............_........... .............. <br /> Annual Percent Chane 4.4% YES 1.5% YES YES <br /> 2021 $ 37,330,672 $ 865,985,218 <br /> Annual Percent Change 13.1%—N* <br /> O 3.2% <br /> NO NO <br /> 2022 $ 38,944,034 $ 929,925,841 - <br /> _......_._.-._.............. _...... _...-....__.. _..-.._ _ _.. _._._..... - ---- .. ----------- --_.................- <br /> Annual Percent Change 4.3% NO 7.4% YES YES <br /> Source: Mmon County Assessor data <br /> Source: Macon County Tax Computation Reports 2017-2022 <br /> Summary of Status of Public Utilities <br /> Utilities and utility infrastructure were determined to have inadequacies throughout <br /> the Project Area.Per the City's Public Works Director,much of the Area is serviced by <br /> combined sanitary and stormwater sewers, generally considered to be inadequate sys- <br /> tems, and many of the water mains were installed more than a century ago.There is a <br /> likelihood of lead contamination in service lines due to pre-1940s construction.Alt- <br /> hough current systems serve the existing uses,they may prove inadequate to handle <br /> loads of more robust development.The City is currently in the midst of plans for sewer <br /> separation and replacement of water mains. See the Public Works Director's letter in <br /> the Appendix for more detailed information. <br /> 17 <br />