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� r <br /> ORDINANCE NO. 2001-66 <br /> ORDINANCE AMENDING CERTAIN TAX INCENTIVES <br /> PROVIDED FOR IN ENTE <br /> RPRISE ZONE <br /> -REAL PROPERTY TAXES - <br /> BE IT ORDAINED, BY THE CITY COUNCIL OF THE CITY OF DECATUR, <br /> ILLINOIS: <br /> Section 1. That Section 5 of Ordinance No. 82-122, as amended by Ordinance No. 92-87 <br /> be, and the same is hereby, further amended, so that as so amended said Section 5 sha11 provide <br /> as follows: <br /> "Section 5. (a) That commencing upon the issuance of an amended <br /> certificate by the Departrnent of Commerce and Community Affairs of the State of <br /> Illinois ("DCCA") approving that which is set forth herein, and except as <br /> provided in subsection (b) hereof, taxes on real �roperty levied by the City shall <br /> be abated on property located within the Zone and upon which new improvements <br /> have been constructed subsequent to such approval by DCCA, as follows: <br /> Value of Improvement Tax Abatement Period <br /> 0-$49,999 0 0 <br /> $50,000-$1,000,000 100%Value of For a period of <br /> Improvement 5 calendar <br /> years or for <br /> the remaining <br /> life of the <br /> Zone, <br /> whichever <br /> period is <br /> shorter <br />