2000-40 AUTHORIZING THE ESTABLISHMENT OF TAX INCREMENT FINANCING

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, � . . � SECTION 3. In accordance with Section 11-74.4-4.2 of the Act, the Municipality hereby adopts the registration rules attached as an e�ibit hereto (the"Registration Rules") as registration rules for each such "interested parties" registry. The Municipality, with the written consent of the Corporation Counsel as to form and legality, shall have the authority to amend such Registration Rules from time to time as may be necessary or desirable to comply with and carry out the purposes intended by, and not inconsistent with,the TIF Act. SECTION 4. The appropriate officers of the Municipality will do, execute, acknowledge and deliver or cause to be done, executed and delivered, such agreements, instruments and documents supplemental hereto and such further acts, instruments, and other actions as may be reasonably required or desirable for better clarifying, assuring, confirming and giving effect to this ordinance and the Registration Rules. SECTION 5. If any provision of this ordinance shall be held to be invalid or unenforceable for any reason, the invalidity or unenforceability of such provision shall not affect any of the other provisions of this ordinance. SECTION 6. All ordinances,resolutions, motions or orders in conflict with this ordinance are hereby repealed to the extent of such conflict. SECTION 7. This ordinance shall be in full force and effect immediately upon its adoption. Upon motion by Councilman Laegeler, seconded by Councilman Carrigan, adopted this 15th day of May, 2000 by roll call vote, as follows: Voting"Aye"(names): Councilmen Brinkoetter, Burton, Carrigan, Laegeler, Stockard, and Mayor Howley Voting"Na}�'(names): None Absent(names): Councilwoman Sands ATTEST: Approved: May 15, 2000 , '� ', � '/''� I ..G I , �� - City Clerk Terry M. Ho , a -2- ',