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ECONOMIC AND URBAN DEVELOPMENT MEMORANDUM <br /> Memo No. 13-07 <br /> February 11, 2013 <br /> TO: Honorable Mayor Michael T. McElroy and City Council <br /> FROM: Ryan P. McCrady, City Manager <br /> Billy Tyus, Assistant City Manager <br /> Richelle Irons, Director of Neighborhood Services <br /> SUBJECT: Setting the Public Hearing for the Grand Avenue TIF Tax Increment <br /> Redevelopment Plan and Project. <br /> SUMMARY RECOMMENDATION: Staff recommends setting the Public Hearing for <br /> the Grand Avenue TIF Tax Increment Redevelopment Plan and Project for 5:30 p.m. on <br /> Tuesday April 16, 2013 in the City Council Chamber at the Decatur Civic Center. <br /> BACKGROUND: The City has been working with Niemann Holdings, LLC, the <br /> owner/operator of both the Save-A-Lot and County Market stores in Decatur, on a <br /> potential redevelopment project and on the possible creation of a Tax Increment <br /> Financing District. The project is being proposed for the area generally bound by <br /> Oakland Avenue to the East, IL Route 48 to the West, Leafland Avenue to the South and <br /> Grand Avenue to the north. The TIF Statute requires the City to formally adopt the date <br /> and place for a public hearing as part of the process of establishing a TIF district. <br /> POTENTIAL OBJECTION: None. <br /> INPUT FROM OTHER SOURCES: We have had discussions with the major taxing <br /> districts to notify each of the proposal to create a TIF district to affect redevelopment of <br /> the site. We also recently held a meeting with residents in the area to discuss the <br /> proposed project and TIF district creation and there were no concerns raised. <br /> STAFF REFERENCE: Any additional questions may be forwarded to Billy Tyus at <br /> 424-2727 or at btyusgdecaturil.gov <br /> BUDGET/TIME IMPLICATIONS: N/A <br />