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NOTICE ON ' ' The City anricipates the i ne esuma�cu ua« ,.,.
<br /> PUBLIC HEARING use of taTc increment financ- the completion of the
<br /> Proposed City of Decatur Taac ing,as well as other economic Redevelopment Plan is no
<br /> Increment Pines Shopping development resources, if later than 23 years from the ,
<br /> Center Redevelopment Plan available, to address the date of adoption of the
<br /> CERTIFICA"I��', �)�' ��U�3�,��.A����U�'+I and Project and decline of the Area and Redevelopment Plan by the
<br /> Redevelopment Area induce the investment of pri- City.
<br /> State of Iliinui� � vate caprtal. The Area,on the
<br /> The City of Decatur, �,hole,has not been subject to Assessment of
<br /> � �s� Illinois proposes to adopt the rowth and development Financial Impact
<br /> County of Maccm ) Pines Shopping Center TIF �rough investment by pnvate It is estimated that the
<br /> Tax Increment enterpnse and is not hkely to financial impact of the
<br /> I,ihc unilcrsi�ncd,tlt�hcrehy ccrlily Ih.it Redevelopment Plan and do so without the adoption of Redevelopment Area on, or
<br /> Pro'ect as described below this proposed Redevelopment increased demand for facili-
<br /> I arri the puhli�her c�f UF,('A fUlL�I'R1131�NI?, an� pursuant to the Tax plan. ties or services from,any tax- _
<br /> a public anel seculair news��a��er c�l general Increment Allocation The private proJ ect that is ing district affected by the
<br /> circulalion, puhlished weekly in Ihe Cily i,l Redevelopment Act(65 ILCS anticipated for the Area Plan is not significant.
<br /> Decatur, M.�c�n Counl lllinois,ancl�h.it the 5/11-74.4-1, et. seq.). includes the demolition of
<br /> Y• Questions regarding this Pro- existing structures and the Proposed Policies of the City
<br /> same has been regularly puhlished for at posed Red'evelopment Plan construcUon of a new shop- The City of Decatur pro-
<br /> least one year rrior t� the dale c�f the fir�t can be addressed to Greg ping center and other activi- poses to undertake a
<br /> publication ��f Ihe ncrtice hereinaftcr men- Crowe, Assistant City ties eligible under the Act. Redevelopment Plan and
<br /> tioned, and is c ualified as a news�a er ;�s Manager, City of Decatur, Incentives to attract private Project which consists of
<br /> I ( f� who can be contacted at One development may include planned economic develop-
<br /> defined in nct - ('h;i�iter IINI, Sec(i�mc I ancl Gary K. Anderson Plaza, assistanceforlandacquisition, ment activities, sound fiscal
<br /> S, Illinois Itevisc�l Slt�fules. Decatur, Illinois 62523 site preparation includmg policies,marketable land uses,
<br /> (Phone No. 217-424-2727). demolition, mterest subsidies and other private and public
<br /> The City will hold a pub- and other activities permitted activities. Appropriate poli-
<br /> I furlher cer�ify Ihat a nertice, ur a�lver- ]ic hearing concermng the pro- by the Act. cies have been or will be
<br /> tisement, ol �vhich lhe annexed ie a Irue osed Tax Increment Pines The lllinois General developed as required assur-
<br /> printed copy. has been regularly puhlished in �hopping Center Assembly adopted the Illinois ing the completion of the
<br /> Redevelopment Plan on Tax Increment Allocation Redevelopment Plan and the
<br /> said newspa��er,..........j...........times. once in February l, 2010, in the City Redevelopment Act to pro- activities specified.
<br /> each week fnr......................eucce�sive Council's meeting room at vide a tool for the elimination The City has considered
<br /> weeks, the lir�� �whlication thereuf havin� City Hall, 1 Gary K.Anderson of blighting characteristics alternative means of financing
<br /> hecn m�itic in Ihc issu � Ihc UF; 'A�I�UIZ plaza, at 5:30 p.m. All inter- and by fostenng the growth in the necessary public improve-
<br /> vv ested persons will be g�ven an the real property tax base ment program,as well as pro-
<br /> ��RIBUNL: �m ihe ....��......day uf .:............ opportuniry to be heard at the �through private and public viding financial mcentives for
<br /> A.D. 2U.l.0 �incl Ihe lasl ��ublicali� Ihereol public fiearmg. Each affected reinvestment. The Act sets private investment within the
<br /> having been m.ule in the issue of said news- taxing district,and the State of forth the requiremenis and Redevelopment ProJ ect Area.
<br /> 3•Tr IlLnois Department of procedures for establishing a It was determined that tax
<br /> p��uhlished �iti the .../.. .....;��,day ul �Pmmerce and Economic Redevelopment Project Area increment financing consti-
<br /> ...1.. ........A.O. 2u.... I�ec $..1 .7..�...-- O portunity, are invited to and a Redevelopment Plan. tutes the most effective means
<br /> submit comments to the City This Redevelopment Plan available for enabling the
<br /> IN Wf"I Nf:SS WIIEREOf�, 1 have here- s"'ermng the subject matter documents the qualifications development of the
<br /> y' .a hearing prior to the date of the Area. The purpose of Redevelopment Project Area
<br /> tmto set my hand a� l�er ur in saicl ('c�unty � �he hearing. the Redevelopment Plan is to to proceed. This portion of
<br /> and Stale, lhisl�..el;i ul ... ..'!�/�.U. 21).��?.. A co of the ro osed
<br /> Y PY P P rovide an instrument that can the community, the Crty as a
<br /> -- 12edevelopment Plan is avail- e used to guide the correction whole,and all other local taac-
<br /> ' � able for your review in the of area problems. This ing bodies, will benefit from
<br /> � City Clerk's office at City Redevelopment Plan identi- the implementation of this
<br /> � �� // �,����� Hall at the above noted �es those act�vrt�es,sources of Redevelopment Plan.
<br /> ��� �(�' �� address during normal busi- funds,procedures and various
<br /> I'uhli�lici. ness hours (8:00 a.m.-to 5 other necessary requirements Redevelopment Activities
<br /> p.�n.). in order to implement tax l. Private Redevel-
<br /> The proposed Pines increment pursuant to the opment Activities:
<br /> I)1?CA'1'UR'I'R1I3UN1�. Shopping Center Statelaw. New construction of
<br /> Redevelopment Project Area commercial retail facilities
<br /> Received 1'ayinenl , (the "Area") is described gen- Blighted and Conservation will serve the needs of tbe
<br /> erally as 2200 E. William Area general community surround-
<br /> Street, Decatur, Illinois A redevelopment project ing the Area.
<br /> �y __ _ _ _ 62521, an area of Decatur, area, according to [he Act, is 2. Public Redevel-
<br /> (llinois which is commercial tnat area designated by a opment Activities:
<br /> in character. The following is municipality (city, village or No major public
<br /> a more complete legal descrip- incorporated town) in which improvements are anticipated
<br /> tion: the finding is made that there for the Area; however, public
<br /> Le��l Description: exist conditions which cause assistance for the categones
<br /> b� the area to be classified as a set forth in the Project Budget
<br /> All of Block 1 S in Elson blighted area, conservation is anticipated to be needed in
<br /> Heights Addition to the City area, combination of blighted order to allow the private
<br /> of i7ecatur, situated in Macon and conservation areas, or an redevelopment activities to $4,991,025
<br /> County, Illinois, as per Plat industrial park conservation �occur. Contingency(5%) � �
<br /> recarded in Book 300,page 17 area. In this case, the Area $249,550 �
<br /> of the Records in the n„alifies as a conservation Source of Funding ,. Totat Pm�P�r r�..�r�
<br />
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