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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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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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. , <br /> _ IM � 1 � <br /> • , ' , <br /> The implementation of this Plan will reduce unemployment, enhance the <br /> business climate, and enhance the tax base of aIl the taxing districts within the <br /> Redevelopment Area. <br /> A Summary of the characteristics is found as Exhibit B. <br /> IV. REDEVELOPMENT GOALS AND OBJECTIVES <br /> In addition to the goals and projects outlined above and below, the City <br /> . expects to accomplish those set forth below. These long-term City goals coincide <br /> with the ptupose of this Redevelopment Plan. <br /> 1. To extend infrastructure within the City including sewer lines and � <br /> streets. <br /> 2. To increase and diversify employment. <br /> 3. To promote stabilization and growth of the existing employment base. � <br /> 4. To encourage the development of the Southeast quadrant of the City of <br /> Decatur. <br /> 5. To provide land suitable for future commercial and residential <br /> development through the use of zoning and subdivision powers. <br /> 6. To increase municipal sales tax. <br /> V. REDEVELOPMENT PLAN AND PROJECTS <br /> A. Proposed Development <br /> Proposed Public and Private Developments <br /> At the present time, the City is negotiating with a Developer, Airport Plaza, <br /> Joint Venture to construct a commercial subd.ivision on this west portion of this <br /> Area and an elderly residential development on the east portion of the Area. It is a <br /> goal of the City to assist this group through the use of Tax Increment Financing by <br /> 15 <br />
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