2012-93 AMENDING THE DECATUR MACON COUNTY ENTERPRISE ZONE - TERMINATION DATE - TAX ABATEMENT

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ORDINANCE NO.2012- 9 3 AN ORDINANCE AMENDING THE DECATUR MACON COUNTY ENTERPRISE ZONE -TERMINATION DATE- -TAX ABATEMENT- WHEREAS, the City of Decatur filed an application for certification of an enterprise zone with the Department of Commerce and Community Affairs under the provision of the "Illinois Enterprise Zone Act" (20 ILCS 655/1 et.seq.)and was certified effective July 1, 1983;and, WHEREAS, the Department of Commerce and Economic Opportunity, the successor agency to the Department of Commerce and Community Affairs, extended the certification of the Decatur Macon County Enterprise Zone effective July 1, 2003 for ten years ending June 30, 2013 under the provisions of the "Illinois Enterprise Zone Act"(201LCS 655/1 et.seq.)as amended;and, WHEREAS, the City of Decatur has amended prior Enterprise Zone designating and tax abatement ordinances including Ordinance 82-122 and Ordinance 92-87 by the passage of amending Ordinance 2003-33 on June 16,2003, and, WHEREAS,the Illinois General Assembly unanimously passed Senate Bill 3616 as amended on May 31,2012;and, WHEREAS,the Governor signed the bill into law on August 7, 2012,thereby amending the 'Illinois Enterprise Zone Act" (20 ILCS 655/1 et.seq.) under the provisions of Public Act 97-0905,to automatically extend the certification of the Decatur Macon County Enterprise Zone through December 31, 2016, and subject to applications yet to be submitted,through December 31, 2041;and, WHEREAS, enterprise zones provide state and local incentives in order to promote the economic growth of the area, to reduce unemployment, and to encourage expansion, rehabilitation, and new construction of structures within the Enterprise Zone;and, WHEREAS, the City of Decatur, by and through its designated Enterprise Zone Administrator, now finds it necessary and desirable to further amend the terms of the Ordinance, as heretofore supplemented and amended, pursuant to Section 5.4 of the Act.