2024-60 Ordinance Approving the Tax Increment Redevelopment Plan and Project for the Central TIF Redevelopment Project Area

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Central TIF Redevelopment Plan and Project Area Decatur, Illinois Redevelopment Project Activities necessary to implement the Plan may include the following: 1. Private Redevelopment Activities: Construction of new private buildings and the rehabilitation,renovation, and repair of existing private buildings at various locations in the Area. 2. Public Redevelopment Activities: Public improvements and support activities will be used to induce and complement private investment.These may include but are not limited to:street and sidewalk im- provements,land assembly including site acquisition and site preparation,public util- ities (e.g., water, sanitary and storm sewer facilities), traffic signalization, off-street parking, building demolition and site clearance, open space development, and mar- keting of properties,as well as other programs of financial assistance provided by the City. 3. Land Assembly, Displacement Certificate, and Relocation Assistance: To achieve the objectives of the Plan,land assembly by the City and eventual convey- ance to private entities may be necessary in order to attract private development in- terest. Therefore, any property located within the Redevelopment Project Area may be acquired by developers or the City,as necessary,to assemble various parcels of land to achieve marketable tracts, or if such property is necessary for the implementation of a specific public or private redevelopment project. Activities of this type may in- clude the displacement of inhabited housing units located in the Project Area(see be- low). Displacement Certificate: Under Sections 11-74.43 (n) (5) and 11-74.4-4.1 (b) of the Tax Increment Allocation Re- development Act, the City hereby certifies that this Redevelopment Plan, as amended, will not result in the displacement of more than nine (9) inhabited residential units. If, at some time in the future, a redevelopment project is proposed that will result in the displacement of more than nine (9) inhabited residential units,the City will prepare, or cause to be prepared,the requisite housing impact study pursuant to the Act. Relocation Assistance: If households of low-income or very low-income persons inhabit any residential housing units where relocation of the occupants is required,relocation assistance will be provided to such persons.Affordable housing and relocation assistance shall not be less than that which would be provided under the federal Uniform Relocation Assistance and Real Prop- erty Acquisition Policies Act of 1970 and the regulations under that Act, including the 22