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R2010-200 RECEIVING AND FILING PROPOSED REDEVELOPMENT AGREEMENT
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R2010-200 RECEIVING AND FILING PROPOSED REDEVELOPMENT AGREEMENT
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10/2/2015 10:40:12 AM
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10/2/2015 10:40:10 AM
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Resolution/Ordinance
Res Ord Num
R2010-200
Res Ord Title
RECEIVING AND FILING PROPOSED REDEVELOPMENT AGREEMENT
Approved Date
10/21/2010
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Y <br /> D. INCREMENTAL TAXES <br /> (1) INCREMENTAL SALES TAXES <br /> City Percentage 50 % <br /> Special Account Percentage 50 % <br /> Total: 100 % <br /> Annual State and Municipal Sales Ta7ces Generated $78,188 <br /> (2) INCREMENTAL REAL ESTATE TAXES If a If a <br /> 2 Storv Bld� 3 Storv Bld� <br /> Projected Total NEW Equalized Assessed Valuation $1,266,667.00 $1,733,333.00 <br /> Less: INITIAL Equalized Assessed Valuation $0 $0 <br /> Projected Incremental Increase in EAV $1,266,667.00 $1,733,333.00 <br /> Projected Annual Real Estate Incremental Taxes $102,853.00 $140,764.00 <br /> E. DEVELOPMENT AREA <br /> (1) DEVELOPER'S INTEREST IN DEVELOPMENT AREA: <br /> (if other than fee ownership, describe and attach lease or other <br /> Applicable Document): <br /> Building Occupant. <br /> (2) PREMISES: <br /> Legal Description: <br /> Approximately the West Sixty(60) Feet of Lots One (1), Two (2), Three (3), Four <br /> (4), Five (5), and Six (6) of the Resurvey of Snyder's Addition and Lots One (1), <br /> Two (2) and Three (3) in Block Two (2) of Central Addition to Decatur as per <br /> Plat recorded in Book 149, Page 303 of the Records in the Recorder's Office of <br /> Macon County, Illinois (Subject to Survey). <br /> - 26 - <br />
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