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Section 4. Additional Real Estate Tax Increment. In the event that additional incremental <br /> real estate taxes attributable to the Redevelopment Project Area remain in the Fund, after the <br /> dissolution of the Fund, such monies shall be declared as surplus funds and sent back to the <br /> Macon County Treasurer for distribution back to the affected taxing bodies as prescribed in <br /> Section 11-74.4-8 of the TIF Act. <br /> Section 5. Tax Objections Resulting in Reduced Real Estate Tax Increment. In the <br /> event incremental real estate taxes attributable to the Redevelopment Project Area received <br /> by the City are ordered refunded by the Macon County Clerk as a result of final decisions in <br /> tax objections affecting real estate taxes payable prior to December 31, 2024, then the City <br /> will refund such incremental real estate taxes received solely from funds available in the Fund. <br /> Section 6. Effective Date of Ordinance. This Ordinance shall be in full force and effect <br /> upon its passage and approval in the manner provided by law. <br /> Section 7. Invalidity. If any section, paragraph, clause or provision of this Ordinance shall <br /> be held invalid, the invalidity of such section, paragraph, clause or provision shall not affect <br /> any of the other provisions of this Ordinance. <br /> Section 8. Conflicts. All ordinances, resolutions or orders, or parts thereof, in conflict with <br /> the provisions of this Ordinance are, to the extent of such conflict, hereby superseded. <br /> PRESENTED, PASSED, APPROVED AND RECORDED this 2nd day of <br /> December, 2024. <br /> LIE MOORE W L E, <br /> ATT ST: <br /> CITY LERK, CIT F DECATUR <br /> -2- <br />