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1 r <br /> ��- � • <br /> ORDINANCE NO. 2006-98 <br /> AN ORDiNANCE ADOPTING AND APPROVING THE <br /> EASTGATE COMMONS REDEVELOPMEN'I' �ROJECT <br /> AREA RF.DEVELOPMENT PLAN FOR THE CITY OF <br /> UECATUR, ILLINOIS, AND THE RELATED <br /> REDEVELOPMENT PROJECT FOR T'HE PROPOSED <br /> EASTGA'TE COMMONS REDEVELOFNIENT PROJECT <br /> AREA <br /> WHI+;REAS, the City of Decatur, lllinois (the "Municipality"), acting through <br /> its City Council (the "Corporate Authorities") and other officers and representatives have duly <br /> no#iced, held and conducted all proceedings, including the requirec� public hearing and joint <br /> review board action, preliminary to the designation of the "Eastgate �ommons Redevelopment <br /> Pr�oject Area" (the "Redevelopment Project Area"), the approval the "Eastgate Commons <br /> Kedevelopment Project Area Redevelopment Plan" (the "Redevelop ent Plan" and the relat�:.d <br /> redevelo�ment project, the "Redevelopment Project") and the a�loption of tax increment <br /> tinaricin� to finance the Redevelopment Plan and the Redevelopm�nt Proje�t, all under and <br /> purs��ant to the �'ax Increment Allocation Redevelopment Act (65 ILCS �/11-74.4-1 et seq., �s <br /> supplcmer;ted and amended (the "T1F Act")); and <br /> WHF_.REAS, pursuant to �rdinance No. 2006-Q67, set�ing a Public Hearing Date <br /> tur a ��roposca Eastgate Commo:�s Redevelopment Project Area, and Related Matters, adopted <br /> :��u�.ust 7. 2U06, the Corporate Authoriiies set October 2, 2006 at 5:30 p.m. at Une Gary K. <br /> �nderson I'laza, Decatur, Illinois 62523, in the City �,ouncil's mesting room, for the public <br /> h�aring, unaer Section 11-74.4-�(a)(i) of the 7'IF Act. <br /> NOW, THERF.FORE, BE IT ORDAINEU BY T E C1TY COUNCIL OF <br /> 'fHF; CITY OF DECATUR, ILLINOIS, as f�llows: <br /> Section 1. Under the 1�IF Act the Municipality, hereb � adopts and approves the <br /> Redevelopinent Plar� and the Redeveiopment Project for the Redevelo ment Project Area. <br /> Section 2. 'I,he Redevelopment Plan shall be in t e form presented to the <br /> Corporate Auth�rities at the time tnis ordinance is adopted. "The edevelopment Plan as so <br />