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R2002-33 STATING INTENT TO REIMBURSE CITY
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R2002-33 STATING INTENT TO REIMBURSE CITY
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1/20/2016 1:50:17 PM
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1/20/2016 1:50:16 PM
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Resolution/Ordinance
Res Ord Num
R2002-33
Res Ord Title
STATING INTENT TO REIMBURSE CITY FROM TAX INCREMENT FINANCE FUND FOR PURCHASE OF REAL ESTATE - OLDE TOWNE REDEVELOPMENT PROJECT AREA
Approved Date
3/4/2002
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. r . , <br /> a �� . <br /> RESOLUTION NO. R2002-33 <br /> RESOLUTION STATING INTENT TO REIMBURSE CITY <br /> FROM TAX INCREMENT FINANCE FUND <br /> FOR PURCHASE OF REAL ESTATE <br /> -OLDE TOWNE REDEVELOPMENT PROJECT AREA- <br /> WHEREAS, on January 8, 2002, as authorized by Resolution No. R2001-229, the City <br /> purchased the real property described in E�ibits A and B attached hereto, all parcels, <br /> collectively, described hereinafter as the"Property"; and, <br /> WHEREAS, the Property is located within the Olde Towne Redevelopment Project Area <br /> ("AREA"), as designated by Ordinance No. 2000-37, and it is the intent of the City to use the <br /> property for the redevelopment of the Area in accordance with the Olde Towne Redevelopment <br /> Plan, as adopted by Ordinance No. 2000-36. <br /> NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF <br /> DECATUR, ILLINOIS: <br /> Section 1. That, pursuant to U.S. Department of Treasury Regulations, Section 1.150-2, <br /> the City intends to seek reimbursement for the costs of the purchases of the Property as an <br /> eligible redevelopment cost from the Special Tax Allocation Fund established for the Olde <br /> Towne Redevelopment Project Area by Ordinance No. 2000-38 or from any obligation issued to <br /> finance such costs. <br /> PRESENTED and ADOPTED this 4th day of March, 2002. <br /> Terry owley ayor <br /> ATTEST: <br /> / � <br /> '����� � -� �-�� <br /> CITY CLERK <br />
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