2013-10 SETTING APRIL 16, 2013 AS THE PUBLIC HEARING DATE FOR THE PROPOSED GRAND AVENUE TIF TAX INCREMENT REDEVELOPMENT PLAN

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ORDINANCE NO. 2013-10 AN ORDINANCE OF THE CITY OF DECATUR,ILLINOIS SETTING APRIL 16, 2013 AS THE PUBLIC HEARING DATE FOR THE PROPOSED GRAND AVENUE TIF TAX INCREMENT REDEVELOPMEN PLAN AND PROJECT AND RELATED MATTERS WHEREAS, the City of Decatur, Illinois (the "City") is a municipal corporation established pursuant to the Municipal Code of the State of Illinois and had jurisdiction over matters pertaining to its government and affairs; WHEREAS, the City, pursuant to the Tax Increment Allocation Redevelopment Act, 65 ILCS 5/11-74.4-1 et seq. (the "Act"), is contemplating the adoption of the Grand Avenue Redevelopment Project Area(the "Area") (legal description is attached hereto) and the Grand Avenue TIF Tax Increment Redevelopment Plan and Prcj�ct (The "Plan") and the establishment of Tax Increment Financing for the Area; WHEREAS, the City Council (the "Corporate Authorities") of the City, in the interest of due process, wishes to hold a public hearing after proper notice to all interested parties as required by the Act and to consider the adoption of the Area,the Plan and Tax Increment Financing after the City receives all public comment from all interested parties as required by the Act; and NOW, THEREFORE,BE IT HEREBY ORDAINED BY THE MAYOR AND CITY COUNCIL OF THE CITY OF DECATUR,ILLINOIS THAT: 1. Pursuant to Section 5 of the Act, a public hearing concerning the adoption of the Area, Plan and Tax Increment Financing shall be held on Tuesda�, April 16, 2013 at 5:30 P.M. in the City Council Chamber at City Hall, 1 Gary K Anderson Plaza in Decatur, Illinois. 2. From and after the effective date of this Ordinance,thep roper of P icers, agents and employees of the City are hereby authorized, empowered and dir�cted to do all such acts, including the sending of appropriate notices as required by the Act, and 1