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"` a : II <br /> � I <br /> I <br /> ORDINANCE NO. 2006-101 <br /> AN ORDINANCE OF THE CITY OF llECATUR, ILLII�OIS DELETIN(� <br /> A CERTAIN PROPF.RTY FROM THE EASTGATE C�OMMONS TAX <br /> INCREMEN'I' FINANCE REDEVELOPIVIENT PROJECT'I AREA <br /> V4'HERF,AS, the City Council (the "Corporate Aut orities") oi the City of <br /> L)ecatur, iilinois (the ``Municipality") concurrently with the adoption of this ordinance adopted <br /> a �er�es �f ordinances (collectively, the "TIF Ordinances"1 adopti g tax increment finance <br /> ("TIF"i, -zppruving a redevelopment plan (the "Plan") and a re evelopment project (the <br /> "Nrtrject") for a redevelopment project area (generally known as #he "Eastgate Commons <br /> ltede�elopment Project Area", the "Area"); and <br /> WHEREAS, the Municipality desires to delete a certain parcel (as described in <br /> ;he exhihit hzrc�to, the "Deleted Parcel") of real estate from the Ar�ea (generally, adjacent to <br /> l�;ast�ai� Cotnmons); and <br /> WHF.REAS, the amendments under this ordinance efflect changes which c�o not <br /> !1 j add additional parcels of property to the proposed redeveldp�nent pr�ject area, (2) <br /> su�stantially affect the general land uses proposed in the redevelopmlent pian, (3) substantiallv <br /> c};an�c: the nature of the redevelopment project, (4) increase the totall estimated redevelopment <br /> project cust set out in the redevelopment plan by more than S°% aft�r adjusiment for inflation <br /> irorn the date the plan was adopted, (5) add additional redevelop cnt project costs to the <br /> iiemized list of rede��elopment project c��sts set out in the redevelopme�it,plan, �r (6) increase the <br /> �Iur>>ber ot low ar ver}� low income households te be displa�ed from he redevelopment project <br /> area. provided thai me��sured from the time of creation of th; redevelo ient project area the total <br /> displace�;�etlt ut�the house}iolds w-ill exceed 10. <br /> � <br /> NOW, THEREFORE, BE 1T ORDAINED I3Y TH� CITY COLINCIL OF <br /> THE CITY OF llECATi?R, MACON CUUN'I'Y, ILLINOIS, as follows: <br /> Section 1. Amendment. The Deleted Parcel shall be aind hereby is deleted from <br /> the Area and in connecti��n with the Plan and the Prujf:ct. The Area, the Plan and the Project <br /> shall b� and are hereby amended by such deletion of the Deleted, Parcel. �� copy c�f this <br /> ordinance shall be atiached to the Plan and Project to effect the am�ndments hereby, but any <br />