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Economic & Urban Development Department Memorandum <br /> # O1-88 <br /> August 29, 2001 <br /> TO: Honorable Ma or Terry M. Howley and City Council Members <br /> FROM: Steve G City Manager <br /> A.J. Krieger sistant City Manager� <br /> SUBJECT: Enterprise Zo e Ordinance Amendment/OldeTowne Redevelopment Project Area <br /> RECOMMENDATION: <br /> City staff recommends approval of the attached ordinance limiting enterprise zone benefits within <br /> the OldeTowne Redevelopment Project Area. <br /> BACKGROUND: <br /> As Council members will recall, in May of 2000, the City of Decatur adopted a series of <br /> ordinances which established the OldeTowne Redevelopment Project Area, and authorized the <br /> use of tax increment financing. The O1deTowne Redevelopment Project Area includes areas that <br /> overlap portions of the Decatur Enterprise Zone. As administered by the Illinois Department of <br /> Commerce and Community Ai�airs, the enterprise zone statute prohibits enterprise zone t� <br /> abatements being offered to properties within a tax increment financing district. This ordinance <br /> amendment will preclude any property within both the enterprise zone and O1deTowne <br /> Redevelopment Project area from receiving future enterprise zone property tax abatements. <br /> POTENTIAL OBJECTION: <br /> City staff is not aware of any opposition to this enterprise zone ordinance amendment. <br /> INPUT FROM OTHER SOURCES: <br /> Attached to this memorandum are the minutes from a required public hearing. <br /> STAFF REFERENCE: <br /> If Council members have questions they ma.y contact A.J. Krieger, 424-2727, <br /> ajkrieger(�a,decaturnet.org . <br />