R2000-55 RECEIVING AND FILING AFFIDAVITS OF SERVICE

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NOTICE OF PUBLIC HE�RING CITY OF DEC:�TUR, �IriCO�i COC�ITY, ILLINOIS PROPOSED OLDE TOW�fE REDEVELOP'YIEi�iT PROJECT �RE� Notice is hereby given that on �fay 1, 2000 at 6.30 P.v1. at the City Buildin�, #1 Gary K. Anderson Plaza, Decatur, Illinois, in the City Council's meering room, a public hearin; will be held to consider the approval of the proposed redevelopment plan (entitled the"OLDE TOW�iE REDEVELOP'�IENT PL��1 OF THE CITY OF DECATUR,ILLINOIS",the"RedeveloQment Plan") and the related redevelopment project(the"Redevelopment Project")and the designation of that certain proposed redevelopment project area to be known as the "Olde Towne , Redevelopment Project Area"(the"Redevelopment Project Area"). The Redevelopment Project Area consists of the territory legally described on the attachment with this notice. The Olde Towne Redevelopment Project Area is the area very ;enerally bounded by Eldorado and William Streets on the north, North Franklin Street on the east, West Decatur Street on the south and Fairview Avenue on the west. There will be considered at the hearin� approval of the Redevelopment Plan and Redevelopment Project for and the designation of the Redevelopment Project Area and adoption , of tax increment allocation financin; therefor. The proposed Redevelopment Plan and Project is , on file and avaiiable for public inspection at the office of the City Clerk at #1 Gary K. Anderson , Plaza, Decatur, Illinois 62523. Pursuant to the Redevelopment Plan and Project the City proposes to alleviate bli�hting and/or conservation conditions in the Redevelopment Project Area and to enhance the ta.Y base of the City and the taxin; districts havin� taxable property within the Redevelopment Project :�rea by utilizin� tax increment financin; to fund various eligible project costs to stimulate private investment within the Redevelopment Project Area. These eligible project costs may include, but may not be limited to, studies, surveys, professional fees, land and real estate acquisition and assembly, and related disposition, and public improvements and facilities. To achieve this ob'ective the Redevelo ment Plan ro oses to rovide assistance for J , P P P P � residential and commercial development, including, amon; other things, land and real estate acquisirion and assembly costs, interest subsidies, infrastructure, and related administrative and professional costs. Prior to the date of the hearin�, any person, includin� each ta�cin� district havin� property in the Redevelopment Project Area and the Illinois Department of Commerce and Communiry Affairs may submit written comments to the City to the attention of A. J. Krie;er, Department of Economic Development, #1 Gary K. Anderson Plaza, in Decatur, Illinois 62523. At the hearin� all interested persons, including affected taxin; districts, may file written objections with the Ciry Clerk and shall have the opportunity to be heard orally with respect to any issues regardin� the approval of the Redevelopment Plan and Project, and the desi�nation of the Redevelopment Project Area and the adoption of tax increment allocation financin; therefor. The hearin� may be adjoumed by the City Council without further notice other than a motion to be entered upon the minutes of the hearin; fisin; the time and place of the subsequent hearing.