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t1J <br /> 4 <br /> 1* <br /> Redevelopment Plan, for a term not to exceed 20 years bearing an annual interest rate as <br /> m permitted by law. The tax increment utilization for repayment will not exceed twenty(20) years. <br /> aRevenues received in excess of 100% of funds necessary for the payment of principal and <br /> interest on the bonds and not needed for other redevelopment project costs or early bond <br /> CUretirements will be declared as surplus and become available for distribution annually to the <br /> M taxing bodies to the extent that this distribution of surplus does not impair the financial viability <br /> of the project. One or more bond issues may be sold at any time in order to implement this <br /> mt Redevelopment Plan. <br /> 0 <br /> G. Completion of Redevelopment Project <br /> The estimated date for the proposed Redevelopment Project is three (3) years. <br /> H. Fair Employment Practices and Affirmative Action <br /> The City of Decatur will insure that all private and public redevelopment activities are <br /> constructed in accordance with fair employment practices and affirmative actin by any and all <br /> recipients of Tax Increment Financing assistance. <br /> SECTION X <br /> HOUSING IMPACT STUDY <br /> Since the redevelopment plan would not result in the displacement of ten (10) c r more inhabited <br /> residential units, no Housing Impact Study is required pursuant to Section 3 of t e Act. <br /> SECTION XI <br /> REVIEWING AND AMENDING THE TIF PLAN <br /> This Redevelopment Plan may be amended in accordance with the provis ons of the Tax <br /> Increment Allocation Redevelopment Act, 65 ILCS 5/11-74.4-1, et seq. Also, the City shall <br /> adhere to all reporting requirements and other statutory provisions. <br /> 29 <br />