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2024-60 Ordinance Approving the Tax Increment Redevelopment Plan and Project for the Central TIF Redevelopment Project Area
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2024-60 Ordinance Approving the Tax Increment Redevelopment Plan and Project for the Central TIF Redevelopment Project Area
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Last modified
5/21/2024 1:06:01 PM
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5/21/2024 1:05:48 PM
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Resolution/Ordinance
Res Ord Num
2024-60
Res Ord Title
2024-60 Ordinance Approving the Tax Increment Redevelopment Plan and Project for the Central TIF Redevelopment Project Area
Department
City Clerk
Approved Date
5/6/2024
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Central TIF Redevelopment Plan and Project Area Decatur, Illinois <br /> Table A: Summary of Blighting and Conservation Area Factors <br /> SUMMARY OF BLIGHTING AND <br /> CONSERVATION AREA FACTORS <br /> Central TIF Redevelopment Project Area <br /> Decatur,IL <br /> Total <br /> Total number of parcels 2,211 <br /> Number of improved parcels 1,753 79.3% <br /> Number of vacant parcels 458 20.7% <br /> Number of Right-of-Way and Railroad parcels 14 0.6% <br /> Total number of buildings 2,080 <br /> Number of buildings 35 years of age or older 1,894 91.1% <br /> ...... .--- ......... _.._.... <br /> Approx.number of vacant residential units 167 <br /> IMPROVED LAND FACTORS: <br /> Number of buildings that are deteriorated 1,603 77.1% <br /> Number of parcels with site improvements that are deteriorated 1,515 86.4% <br /> Number of improved parcels with either deteriorated site 1,590 90.7% <br /> improvements or buildings <br /> Number of buildings that are dilapidated 200 9.6% <br /> --._..._.........— ..........---- .........................._.._.. --.._......—..........—..._._..--........... _.....__...—_._..—_.......__..._---..............I..._......_.._... <br /> Number of buildings that are obselete 9 0.5% <br /> Number of structures below minimum code nd* <br /> Number of buildings lacking ventilation,light or sanitation nd* <br /> facilities <br /> Number of building with illegal uses nd* <br /> Number of buildings that are wholly or partially vacant 175 1 8.4% <br /> Number of improved parcels with excessive land coverage or nd* <br /> overcrowding of structures <br /> ._......................__...._..............................--..........._.._...._..........._................._.............................._.........._.................---...............__.._.__._...__.............................._..._.._-.........._...... ..._....__......................_ <br /> Inadequate utilities(Entire Project Area) Yes <br /> Deleterious land use or layout(by Sub-Area) nd* <br /> Lack of community planning nd* <br /> Environmental clean-up nd* <br /> Number of improved parcels that are taxable 1,610 1 91.8% <br /> Area has declining or sub-par EAV growth Yes <br /> VACANT LAND FACTORS(2 or More): M OR <br /> Obsolete platting nd* <br /> Diversity of ownership nd* <br /> Tax delinquencies nd* <br /> Number of vacant parcels with deterioration of structures or site 457 99.8% <br /> improvements in neighboring areas <br /> Environmental clean-up nd* <br /> Number of vacant parcels that are taxable 266 58.1% <br /> Area has declining or sub-par EAV growth Yes <br /> VACANT LAND FACTORS(1 or More): <br /> Unused quarry,mines,rail,etc. nd* <br /> ........................................_....._................__..................................-.-..................--.._..--- _... -..._... ._....................._._......_..._................---_..._....__..._... -- <br /> Blighted before vacant nd* <br /> Chronic flooding nd* <br /> .---.._.........__.._........._.. --._._.._..---._......... ---.........._....-----.._.._..---.—._....._..--- -- .._._ ._._.__.._.._.........------- <br /> Unused or illegal disposal site nd* <br /> Not determined. <br /> 15 <br />
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