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97-32 APPROVING CITY OF DECATUR TAX INCREMENT REDEVELOPMENT PALN AND REDEVELOPMENT PROJECT
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97-32 APPROVING CITY OF DECATUR TAX INCREMENT REDEVELOPMENT PALN AND REDEVELOPMENT PROJECT
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Last modified
3/17/2016 4:48:21 PM
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3/17/2016 4:48:17 PM
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Resolution/Ordinance
Res Ord Num
97-32
Res Ord Title
APPROVING CITY OF DECATUR TAX INCREMENT REDEVELOPMENT PLAN AND REDEVELOPMENT PROJECT - SOUTHEAST PLAZA
Approved Date
5/5/1997
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� J <br /> 1�4 � <br /> � , � <br /> 3 , � ' <br /> 1 r combination of arcels of real ro ert without <br /> Any parce o p p P Y <br /> industrial, commercial and residential buildin�s which has not been <br /> used for commercial agricultural puiposes within 5 years prior to the <br /> desi�ation of the redevelopment project area, unless such parcel is <br /> included in an industrial park conservation area or such parcel has <br /> been subdivided. <br /> A. POPULATION & REAL ESTATE T�YES <br /> Population <br /> As stated in the introduction, the population of Decatur gradually increased <br /> for a period of 80 years between 1900 and 1980. However, the City's population � <br /> decreased over the subsequent 10 year period, declining to a population of 83,885 <br /> people in 1990. <br /> Obviously, this was an alaiming trend that could not be allowed to continue. <br /> It is vital to keep the population of Decatur stable, as the City's population <br /> deteimuies the share of Illinois income tax and motor fuel tax retumed to the City. <br /> In addition, a declining population means a reduction in local sales of homes, <br /> automobiles and consumer goods as well as a reduced school population. <br /> , The following graph illustrates the population for the City of Decatur <br /> between 1900 and 1990: <br /> City of Decatur <br /> Population - 1900-1990 <br /> ,00.00a I J — - ---- <br /> 80.000 ----- - - -- - <br /> �_------_________ _ __ _ _E <br /> �,000 �___�_____ _ __ _ __ __ _, <br /> �__ _______ __ _ __ _ __ _ _ <br /> �,a� � _ ____� __ __ _ __ __ __ ; <br /> za,a� �-- _ - ___ __ - _- — _ -_� <br /> a , __ _ - = __ _ _ __ _ _; <br /> 1900 1910 1920 1930 1940 1550 1950 1970 1580 1990 <br /> �Population <br /> g <br />
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