2000-114 TERMINATING THE BACHRACH REDEVELOPMENT PROJECT AREA

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r. , � ORDINANCE NO. 2000-114 AN ORDINANCE TERMINATING THE BACHRACH REDEVELOPMENT PROJECT AREA OF THE CITY OF DECATUR,ILLINOIS -AND RELATED MATTERS - WHEREAS, pursuant to Ordinance No. 90-115, Ordinance No. 90-116, and Ordinance No. 90-117, adopted December 17, 1990, as supplemented and amended, the City of Decatur, Illinois (the "City") adopted a redevelopment plan and a related redevelopment project (the "Redevelopment Plan" and "Redevelopment Project"), designated the Bachrach redevelopment project area (the "Redevelopment Project Area") and adopted tax increment finance for the redevelopment project area; WHEREAS, City Council has received the certification of the City's Finance Director and Assistant City Manager of Economic and Urban Development that all redevelopment project costs for the Redevelopment Project Area have been paid, that all obligations in connection with the Redevelopment Project Area have been retired and that all excess monies have been distributed, and notice of the dissolution of the special ta�� allocation fund and the termination of the Redevelopment Project Area was given by the City Clerk on December 5, 2000 to all affected taacing districts. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF DECATUR, ILLINOIS: Section 1. The City hereby dissolves the special tax allocation fund for the Redevelopment Project Area and terminates the Redevelopment Project Area as a "redevelopment proj ect area"under the Act.