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Page 2 <br /> Memo re: Roosevelt School Apartments: Amendment to Residential Development Plan (RDP) <br /> August 15, 2001 <br /> POTENTIAL OBJECTION: There were no objectors present at the Plan Commission <br /> meeting. <br /> INPUT FROM OTHER SOURCES: The August 2 Plan Commission minutes are attached, as <br /> well as a site plan for the amended RDP. <br /> STAFF REFERENCE: Please contact Planning Manager Steven J. Van Steenhuyse at <br /> 424-2790,vansteen(a�decaturnet.org. <br /> BUDGET/TIME IMPLICATIONS: As noted above, the project is being financed via Low <br /> Income Housing and Historic Preservation tax credits, as well as other private sources. The City <br /> of Decatur has not offered any financial incentives. Based on an estimated project value of$9 <br /> million, this redeveloped site will generate approximately$240,000 in new annual property tax <br /> revenue, including approxiamately$96,000 to District 61. ' <br />