2003-33 AMENDING THE CITY OF DECATUR ENTERPRISE ZONE - TERMINATION DATE - TAX ABATEMENT

Home Browse Search

, . � . ORDINANCE NO. 2003-33 AN ORDINANCE AMENDING THE CITY OF DECATUR ENTERPRISE ZONE -TERMINATION DATE— -TAX ABATEMENT - WHEREAS, the City of Decatur filed an application for certification of an enterprise zone with the Department of Commerce and Community Affairs under the provision of the "Illinois Enterprise Zone Act" (20 ILCS 655/1 et. seq.) and was certified effective July 1, 1983; and, WHEREAS, enterprise zones provide incentives in order to promote the economic growth of the area, to reduce unemployment, and to encourage expansion, rehabilitation, and new construction of structures within the proposed zone; and, WHEREAS, the City of Decatur, by and through its designated Enterprise Zone Administrator, Craig Coil, now finds it necessary and desirable to further amend the terms of the Ordinance, as heretofore supplemented and amended,pursuant to Section 5.4 of the Act; and, WHEREAS, on Friday, March 14, 2003, the Administrator of the City of Decatur Enterprise Zone duly caused public notice to be published in the Decatur Herald and Review, a newspaper of general circulation within the certified Enterprise Zone, as amended, of a public hearing to be conducted within the certified Enterprise Zone, as amended, on whether the Ordinance, as supplemented and amended, should be further supplemented and amended (1) to alter the termination date of the City of Decatur Enterprise Zone so that such Enterprise Zone shall be in effect for thirty(30) calendar years from and after the initial date of its certification on July 1, 1983, and(2) to modify and amend the tax abatements ei�ective in said Zone. Such public notice was published not more that twenty(20) days nor less than five (5) days before the public I hearing scheduled and noticed for Monday, March 24, 2003 at 10:00 a.m.; and