Laserfiche WebLink
In no event shall any abatement of taxes on any parcel exceed the amount <br /> attributable to the construction of the improvements or the renovation or <br /> rehabilitation of existing improvements on such parcel. Any abatement of taxes <br /> on any parcel of real property previously authorized by this Ordinance shall <br /> remain in effect for the stated term for which it was authorized and extended, as <br /> provided by law. <br /> (b) That pursuant to Section 5.4.1 of the Illinois Enterprise Zone Act, <br /> property located in both the Enterprise Zone created hereby and in the Olde <br /> Towne Redevelopment Project Area designated by Ordinance No. 2000-37 shall <br /> not be eligible for any abatement of real property taxes, as provided herein and <br /> under Section 18-170 of the Property T� Code, for new improvements or the <br /> renovation or rehabiiitation of existing improvements, except as otherwise <br /> provided in said Section 5.4.1. <br /> PRESENTED, PASSED, APPROVED AND RECORDED this 4th day of September, <br /> 2001. <br /> ERRY M. HOWLE OR <br /> ATTEST: <br /> � <br /> �C/L����C � . � C�C G�� <br /> CITY CLERK <br /> � <br />