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<br /> DEC 2 14 2014 � sslsis
<br /> ORDINANCE NO. 2014-66
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<br /> AN ORDINANCE ESTABLISHING THE DECATUR MACON COUNTY ENTER RISE ZONE
<br /> CITY OF DECATUR
<br /> -ENTERPRISE ZONE DESIGNATION-
<br /> -TAX ABATEMENT-
<br /> WHEREAS, the Illinois General Assembly passed Senate Bill 3616 as amended on May 31, 2012, and,
<br /> which was signed into law by the Governor on August 7, 2012, thereby amending the Illinois Enterprise
<br /> Zone Act (20 ILCS 655/1 et. seq.), hereafter referred to as "the Act", under the provisions of Public Act
<br /> 97-905; and,
<br /> WHEREAS, the Illinois General Assembly also passed Senate Bill 20 as amended on May 31, 2013, and,
<br /> which was signed into law by the Governor on July 25, 2013 as Public Act 98-109, portions of which
<br /> clarified Enterprise Zone related legislation contained in Public Act 97-905 and the Act; and,
<br /> WHEREAS, the Act provides for a new Illinois Enterprise Zone designation application process
<br /> administered by the Illinois Department of Commerce and Economic Opportunity (hereafter referred to
<br /> as "the Department") subject to the approval and concurrence of the Enterprise Zone Board, hereafter
<br /> referred to as"the Board;and
<br /> WHEREAS, once approved by the Board and certified by the Department, the Enterprise Zone
<br /> designation will be in effect from January 1, 2016, through December 31, 2030, subject to review by the
<br /> Board after the 13th year of existence for another ten year designation beginning on the expiration date
<br /> of the Zone; and,
<br /> WHEREAS, a Public Hearing was held on October 24, 2014 on the subject of new Enterprise Zone
<br /> designation, hereafter known as "the Zone," notice of which was duly advertised in the Decatur Herald
<br /> & Review on October 18, 2014; and,
<br /> WHEREAS, Enterprise Zones provide state and local incentives used to promote the economic growth of
<br /> the area; to reduce unemployment; and to encourage expansion, rehabilitation, and new construction
<br /> of structures within the Enterprise Zone; and,
<br /> WHEREAS, the City Council of Decatur, the County Board of Macon County, the Village Board of Mt.
<br /> Zion, The Village Board of Forsyth and the Village Board of Long Creek, also referred to as the
<br /> Designating Units of Government, have determined and concur that it is desirable and necessary for the
<br /> region to apply for a new Enterprise Zone designation for the long term benefit and economic viability of
<br /> the region; and, Macon Illinois
<br /> S.S. by Mary A,Co.Caton, Recorder
<br /> Book: 4410 Page: 857
<br /> Receipt •: 66944 Recording Fee: 010;.00
<br /> Pegee Recorded: 66 Authorized By
<br /> Date Recorded: 12/29/2014 8:58:58 AM Page 1 of 11
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