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R2009-229 PROVIDING FOR A FEASIBILITY STUDY ON THE DESIGNATION OF A PORTION OF THE CITY OF DECATUR
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R2009-229 PROVIDING FOR A FEASIBILITY STUDY ON THE DESIGNATION OF A PORTION OF THE CITY OF DECATUR
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10/12/2015 3:58:42 PM
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10/12/2015 3:58:42 PM
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Resolution/Ordinance
Res Ord Num
R2009-229
Res Ord Title
PROVIDING FOR A FEASIBILITY STUDY ON THE DESIGNATION OF A PORTION OF THE CITY OF DECATUR (PROPOSED PINES SHOPPING CENTER REDEVELOPMENT PROJECT AREA) AS A REDEVELOPMENT PROJECT AREA AND TO INDUCE DEVELOPMENT INTEREST WITHIN SUCH AREA
Approved Date
11/16/2009
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real property in the area, (5) unused or illegal disposal sites and (6) a vacant area <br /> that have been designated town centers and meet certain other requirements. <br /> H. Finally, to qualify as a conservation area, at least 50% of the structures in the area <br /> must be at least 35 years of age and 3 of the 13 blighting factors must be 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 the <br /> 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 redevelopment <br /> of the area shall be: <br /> Mr. Greg Crowe <br /> Assistant City Manager <br /> City of Decatur <br /> One Gary K. Anderson Plaza <br /> Decatur, Illinois 62523 <br /> Telephone: (217) 424-2727 <br /> PRESENTED AND ADOPTED this 16th day of November, 2009 <br /> � <br /> E . M EL OY, MAY R <br /> AT'I'EST: <br /> G � <br /> � � <br /> �LC�S <br /> Celeste F. Harris, City erk <br /> 4 <br />
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