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R2013-27 PROVIDING FOR A FEASIBILITY STUDY ON DESIGNATION OF A PORTION OF THE CITY
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R2013-27 PROVIDING FOR A FEASIBILITY STUDY ON DESIGNATION OF A PORTION OF THE CITY
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8/18/2015 4:00:57 PM
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Resolution/Ordinance
Res Ord Num
R2013-27
Res Ord Title
PROVIDING FOR A FEASIBILITY STUDY ON THE DESIGNATION OF A PORTION OF THE CITY (PROPOSED SOUTH SIDE REDEVELOPMENT PROJECT AREA) AS A REDEVELOPMENT PROJECT AREA AND TO INDUCE DEVELOPMENT INTEREST WITHIN SUCH AREA
Approved Date
3/18/2013
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real property in the area, (5)unused or illegal disposal sites and(6)a vacant <br /> area that have been designated town centers and meet certain other <br /> requirements. <br /> H. Finally,to qualify as a conservation area, at least 50%of the structures in the <br /> area must be at least 35 years of age and 3 of the 13 blighting factors must be <br /> present. <br /> I. The maximum life of a TIF District is 23 years. However, it can be shorter if the <br /> municipality determines that a shorter period is more appropriate. The <br /> municipality has the ability throughout the life of the TIF District to terminate <br /> the District at any time, subject to any contractual obligations that may exist. <br /> 6. The person to contact for additional information for the proposed redevelopment <br /> project area and who should receive all and suggestions regarding the <br /> redevelopment of the area shall be: <br /> Mr. Billy Tyus <br /> Assistant City Manager for Development Services <br /> City of Decatur <br /> One Gary K. Anderson Plaza <br /> Decatur, Illinois 62523 <br /> Telephone: (217) 424-2727 <br /> PASSED this day of , 2013 <br /> dX4 o , M o <br /> ATTEST: <br /> da M. Swa z, ity lerk <br /> 4 <br />
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