2000-36 ADOPTING AND APPROVING THE OLDE TOWNE REDEVELOPMENT PLA

Home Browse Search

ORDINANCE NO. 2000-36 AN ORDINANCE ADOPTING AND APPROVING THE OLDE TOWNE REDEVELOPMENT PLAN OF THE CITY OF DECATUR, ILLINOIS, AND THE RELATED REDEVELOPMENT PROJECT FOR THE PROPOSED OLDE TOWNE REDEVELOPMENT PROJECT AREA WHEREAS, the City of Decatur, Illinois (the"Municipality"), acting through its City Council (the "Corporate Authorities") and other officers and representatives has duly noticed, held and conducted all proceedings, including the required public hearing and joint review board action, preliminary to the designation of the "Olde Towne Redevelopment Project Area" (the "Redevelopment Project Area"), the approval of the "Olde Towne Redevelopment Plan of the City of Decatur, Illinois" (the "Redevelopment Plan" and the related redevelopment project, the "Redevelopment Project") and the adoption of taa� increment financing to finance the Redevelopment Plan and the Redevelopment Project, all under and pursuant to the Tax Increment Allocation Redevelopment Act (65 ILCS 5/11-74.4-1 et seq., as supplemented and amended(the"TIF Act")); and WHEREA5, pursuant to Ordinance No. 99-104, Ordinance Setting Public ` Hearing Date for Proposed Olde Towne Redevelopment Project Area, and Related Matters, adopted October 28, 1999, the Corporate Authorities set May 1, 2000 at 6:30 p.m. at C�ne Gary K. Anderson Plaza, Decatur, Illinois 62523, in the City Council chambers, for the public hearing, under Section 11-74.4-5(a)(i) of the TIF Act, as amended by P.A. 91-478. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF DECATUR,ILLINOIS, as follows: Section 1. Under the TIF Act the Municipality, hereby adopts and approves the ' Redevelopment Plan and the Redevelopment Project for the Redevelopment Project Area.