R2024-43 Resolution Scheduling Public Hearing to Consider the Redevelopment Plan and Project for the Central TIF Redevelopment Project Area

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Central TIF Redevelopment Plan and Project Area Decatur, Illinois limited to parking lots and other concrete or asphalt barriers, and the clearing and grading of land; 3. Costs of rehabilitation, reconstruction or repair or remodeling of existing public or private buildings,fixtures, and leasehold improvements;and the cost of replacing an existing public building if pursuant to the implementation of a redevelopment project the existing public building is to be demolished to use the site for private investment or devoted to a different use requiring private investment; including any direct or indirect costs relating to Green Globes or LEED certified construction elements or construction elements with an equivalent certification; 4. Costs of the construction of public works or improvements, including any direct or indirect costs relating to Green Globes or LEED certified construction elements or construction elements with an equivalent certification, except that on and after No- vember 1, 1999,redevelopment project costs shall not include the cost of construct- ing a new municipal public building principally used to provide offices,storage space, or conference facilities or vehicle storage,maintenance, or repair for administrative, public safety,or public works personnel and that is not intended to replace an existing public building as provided under paragraph(3) of subsection(q) of Section 11-74.4 -3 unless either (i) the construction of the new municipal building implements a redevelopment pro- ject that was included in a redevelopment plan that was adopted by the munici- pality prior to November 1, 1999 or (ii)the municipality makes a reasonable determination in the redevelopment plan, supported by information that provides the basis for that determination,that the new municipal building is required to meet an increase in the need for public safety purposes anticipated to result from the implementation of the redevelop- ment plan; 5. Costs of job training and retraining projects, including the cost of"welfare to work" programs implemented by businesses located within the redevelopment project area; 6. Financing costs, including but not limited to all necessary and incidental expenses related to the issuance of obligations and which may include payment of interest on any obligations issued hereunder including interest accruing during the estimated pe- riod of construction of any redevelopment project for which such obligations are is- sued and for not exceeding 36 months thereafter and including reasonable reserves related thereto; 7. To the extent the municipality by written agreement accepts and approves the same, all or a portion of a taxing district's capital costs resulting from the redevelopment 24