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Central TIF Redevelopment Plan and Project Area Decatur, Illinois <br /> SECTION I - INTRODUCTION <br /> The area being considered for designation as a Tax Increment Financing District (`TIF <br /> District') is located in the west-central area of the City of Decatur, Illinois, and includes <br /> the City's Downtown and Eldorado Street commercial corridor, as well as a large <br /> residential area in growing need of renovation and redevelopment. The main section of <br /> the proposed District is generally bounded by Fairview Avenue to the east, Waggoner <br /> Street to the north,the railroad tracks on the edge of Downtown to the east,and Decatur <br /> Street to the south. Fairview Plaza and the Colonial Mall (with the adjacent industrial <br /> facility and residential area) are also included in the proposed TIF District, as well as a <br /> section of the City near Millikin University. Excluded from the area are several blocks <br /> south of Grand Avenue between N Edward and N Main Streets, and the majority of the <br /> area between Church and Haworth Streets on the south side of North Street is located <br /> within the existing Olde Towne TIF. <br /> The proposed TIF District covers approximately 750 acres of land,including street rights- <br /> of-way, and contains 2,211 parcels of real property.Atotal of 2,080 buildings,including <br /> primary and accessory structures,are located within the Project Area.The Area is mostly <br /> built-out but has seen many buildings demolished or burned down over the years. The <br /> proposed District suffers from the presence of vacant homes and lots, as well as <br /> deteriorated and dilapidated buildings,site improvements,and infrastructure. <br /> The area as a whole is hereby referred to as the Central TIF Redevelopment Project Area, <br /> or the "Area,"and the following plan is referred to as the Central TIF Plan, or the "Plan." <br /> The boundaries of the Area are as shown in Exhibit A. Redevelopment Project Area <br /> Boundary on the following page and can also be found in the Legal Description <br /> contained in the Appendix. <br /> 1 <br />