2014-17 TO ESTABLISH A PUBLIC HEARING DATE FOR THE 4TH AMENDMENT TO THE DECATUR SOUTHEAST PLAZA TAX INCREMENT FINANCING (TIF) DISTRICT

Home Browse Search

ORDINANCE NO. 2014-17 CITY OF DECATUR, ILLINOIS ORDINANCE TO ESTABLISH A PUBLIC HEARING DA'V'E FOR THE FOURTH AMENDMENT TO THE DECATUR SOUTHEAST PLAZA TAX INCREMENT FINANCING(TIF) DISTRICT WHEREAS, the statutes of the State of Illinois by the "Tax Incrment Allocation Redevelopment Act", 65 ILCS 5/11-74.4-1 et. seg., as amended, hereinafter referre to as the "Act", provides for municipalities to create within their corporate boundaries tax increment financing redevelopment areas and to amend such areas; and WHEREAS, on May 5, 1997, the City of Decatur, Macon County, Illinois (the "City"), an Illinois Home-Rule municipality, by its duly elected Mayor and City Council heretofore adopted a Redevelopment Plan and Projects;designated a Redevelopment Project Area("Area' ;and adopted Tax Increment Financing pursuant to the TIF Act for the Decatur Southeast Plaza Tax In rement Financing (TIF) District; and WHEREAS, the City has determined that the stable economic and physiclal development of certain areas within the City continue to be endangered by the presence of blightini and conservation factors as defined in said Act; and WHEREAS,pursuant to the Act and the City's Home-Rule authority,the Ciiy desires to further amend the Redevelopment Plan and Projects for the Decatur Southeast Plaza TIP District ("Fourth Amendment");and WHEREAS, pursuant to Section 11-74.4-4.2 of the Act, the City approved Ordinance No. 2000-40 on May 15, 2000, authorizing the establishment of a Tax Increment Fi ncing "Interested Parties Registry"and adopted Registration Rules with regard to such Registry for FTIF District;and WHEREAS, pursuant to Section 11-74.4-5 of the Act, the City Council gust cause a Public Hearing to be held on the proposed Fourth Amendment to the Redevelopment Plan and Projects;and WHEREAS,pursuant to Section 11-74.4-5(c)of the Act,the City shall provide notice not less than 45 days prior to the date set for the Public Hearing to each taxing district whichlevies a tax within the Area and the Illinois Department of Commerce and Economic Opportunity(ICEO) by certified mail. Said notice of the Public Hearing shall include the date,time and location of the Public Hearing, and an invitation to each taxing district and DCEO to submit written comments to the City,in care of the City Clerk of the City of Decatur, City Hall, #1 Gary K. Anderson Plaza,De atur,Illinois 62523 concerning the subject matter of the Public Hearing prior to the date of the Publi�Hearing;and WHEREAS, pursuant to Section 11-74.4-6 (65 ILCS 5/11-74.4-6) of th Act, the City shall provide notice of this Public Hearing by publication and mailing. Notice by publi ation shall be given at least twice, the first publication to be not more than 30 or less than 10 days prior to the Public Hearing in a newspaper of general circulation within the taxing districts in the Are ,and said notice by mailing to be given by depositing such notice in the United States mail by certifie mail addressed to the person or persons in whose name the general taxes for the last preceding year w re paid on each lot, block,tract,or parcel of land lying within the Area,not less than ten(10) days prior to the date set for the Public Hearing; and Decatur SE Plaza TIF District-4`n Amendment Page 1 of 2