2007-04 ESTABLISHING DATE FOR PUBLIC HEARING SECOND AMENDMENT TO DECATUR SOUTHEAST PLAZA TAX INCREMENT FINANCING (TIF) DISTRICT

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! ir a•�� ORDINANCE NO. 2007-04 ESTABLISHING DATE FOR PUBLIC HEARING SECOND AMENDMENT to DECATUR SOUTHEAST PLAZA TAX INCREMENT FINANCING (TIF) DIS RICT WHEREAS, the statutes of the State of Illinois b�- the "Tax Increment Allocation Redevelopment Act," 65 ILCS 5/11-74.4-1 et. .req., as amended, hereina ter referred to as the "Act," provide for municipalities to create within their corporate boundari s tax increment fmancing redevelopment areas and to amend such areas; and WHEREAS, the City of Decatur, Macon County, Illinois has determined that the stable ', economic and physical development of certain areas within the City are endangered by the presence I of blighting and conservation factors as defined in said Act; and WHEREAS, pursuant to Section 11-74.4-5 (65 ILCS 5j11-74.4-5 (c)) of the Act, the City shall pxovide notice not less than 45 days prior to t�ie date set for the Public Hearing to each taxing district �vhich levies a ta� within the Rede�elopment Project ��rea IF Area) and the Illinois Department of Commerce and Economic Opportunity (llCEO) by c rtified mail. Said notice of the Public Hearing shall include the date, time and location of the Publi Hearing, and an invitation to each taxing district and DCEO to submit written comments to the ity, in care of the Mayor of Decatur, City Hall, #1 Gary K. Anderson Plaza, Decatur, Illinois 62523- 196 concerning the subject matter of the Public Hearing prior to the date of the Public Hearing; and WHEREAS, pursuant to Section 11-74.4-4? of the .�ct the ,ity passed Ordinance No. 2000-40 on 1�Zay 15, 2000, authorizing the establishment of a 'i'ax Incre ent Financing "Interested Parties Registry�" and adopted Registration Rules with regard to such Re �stry; and WHEREAS, pursuant to Section 11-74.4-5 (65 ILCS 5/11-74. -5 (b)) of the Act the City shall convene a joint revie�v board at least 14 days but not more than 28 days after the notice of the Public Hearing as referenced above. This joint review board shall onsist of a representative selected by each community college district, the local elementary schdol district and high school district or each local community unit school district, park district, library district, township, fire protection district and the county, this City and a public membex to be selected by a majority of the other board members. The City will provide notice of the convening bf the joint review board to the applicable ta�ng districts; and _ �„a � Decatur SE Plaza TIF District .. Anzend»aent Page ., of 4