Laserfiche WebLink
Fourth Amendment to Decatur Southeast Pla.Za TIF District Redevelopment Plan&Pah ects <br /> B. The cost of marketing sites within the redevelopment project area to prospctive businesses, <br /> developers,and investors; <br /> C. Property assembly costs,including but not limited to acquisition of land and o er property,real <br /> or personal, or rights or interests therein, demolition of buildings, site preparation, site <br /> improvements that serve as an engineered barrier addressing ground level �r below ground <br /> environmental contamination, including, but not limited to parking lots and ther concrete or <br /> asphalt barriers,and the clearing and grading of land; <br /> D. Costs of rehabilitation,reconstruction or repair or remodeling of existing public or private buildings, <br /> fixtures, and leasehold improvements; and the cost of replacing an existing public building if <br /> pursuant to the implementation of a redevelopment project the existing public building is to be <br /> demolished to use the site for private investment or devoted to a different use requiring private <br /> investment; <br /> E. Costs of the construction of public works or improvements; <br /> F. Costs of job training and retraining projects, including the cost of"welfare to work" programs <br /> implemented by businesses located within the redevelopment project area; <br /> G. Financing costs, including but not limited to all necessary and incidental expenses related to the <br /> issuance of obligations and which may include payment of interest on any obligations issued <br /> hereunder including interest accruing during the estimated period of construction of any <br /> redevelopment project for which such obligations are issued and for not exceeding 36 months <br /> thereafter and including reasonable reserves related thereto; <br /> H. To the extent the municipality by written agreement accepts and approves the sa e'all <br /> or a portion <br /> of a taxing district's capital costs resulting from the redevelopment project nece sarily incurred or <br /> to be incurred within a taxing district in furtherance of the objectives of th redevelopment <br /> plan/project; <br /> I. Relocation costs to the extent that a municipality determines that relocation cos s shall be paid or <br /> is required to make payment of relocation costs by Federal or State law or i order to satisfy <br /> subparagraph (7) of subsection (n); <br /> J. Payment in lieu of taxes are those estimated tax revenues from real property in a redevelopment <br /> project area derived form real property that has been acquired by a municipality which according <br /> to the redevelopment project or plan is to be used for a private use which taxi g districts would <br /> have received had a municipality not acquired the real property and adopted tax inclement allocation <br /> financing and which would result from levies made after the time of the ad ption of the tax <br /> increment allocation financing to the time the current equalized value of real property in the <br /> redevelopment project area exceeds the total initial equalized value of real property in said area; <br /> K. Costs of job training,retraining,advanced vocational education or career educati n,including but <br /> not limited to courses in occupational, semi-technical or technical fields leading directly to <br /> employment,incurred by one or more taxing districts,provided that such costs(i)are related to the <br /> establishment and maintenance of additional job training,advanced vocational education or career <br /> education programs for persons employed or to be employed by employers located in a <br /> redevelopment project area;and(ii)when incurred by a taxing district or taxing di tricts other than <br /> the municipality,are set forth in a written agreement by or among the municipaiiityand the taxing <br /> district or taxing districts,which agreement describes the program to be underta n,including but <br /> not limited to the number of employees to be trained,a description of the traini g and services to <br /> be provided, the number and type of positions available or to be available,itemized costs of the <br /> program and sources of funds to pay for the same, and the term of the agreement. Such costs <br /> include,specifically,the payment by community college districts of costs pursuant to Sections 3-37, <br /> 3-38, 3-40 and 3-40.1 of the Public Community College Act and by school districts of costs <br /> pursuant to Sections 10-22.20a and 10-23.3a of The School Code; <br /> Decatur Southeast Plaza TIF District/Fourth Amendment Page 8 of 9 <br />