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� { T ' ' <br /> � � ' ' ', �i �. <br /> ORDINANCE NO. /" <br /> , , . <br /> .- ` , <br /> AN ORDINANCE APPROVING THE TAX INCREMENT REDEVELOPMENT <br /> PLAN AND PROJECT <br /> WHEREAS, the City of Decatur, Illinois, desires to <br /> implement tax increment financing, pursuant to the Tax <br /> Increment Allocation Redevelopment Act, I11.Rev. Stat. 1989 , <br /> Ch. 24 , Sections 11-74 . 4-1 et s�. , as amended, S.H.A. (the <br /> "Act") , for the proposed Redevelopment Project Area within <br /> the municipal boundaries of the City of Decatur, as <br /> described in Exhibit 1 of this Ordinance, pursuant to the <br /> proposed Redevelopment Plan and Project attached as Exhibit <br /> 2 hereto, which area constitutes in the aggregate more than <br /> 1 1/2 acres; and <br /> WHEREAS, pursuant to Section 11-74 . 4-5 of the Act, the <br /> City Council caused a public hearing to be held relative to <br /> the Redevelopment Plan and Project and the designation of <br /> the Redevelopment Project Area on December 2 , 1991 at the <br /> City Council ' s Chambers, #1 Civic Center Plaza, City of <br /> Decatur; and <br /> WHEREAS, due notice in respect to such hearing was <br /> given, pursuant to Sections 11-74 . 4-5 and 11-74 . 4-6 of the <br /> Act, said notice being given to taxing districts and the <br /> Illinois Department of Commerce and Community Affairs by <br /> certified mail on October 17 , 1991 , by publication on <br /> November 7 , 1991 and November 14 , 1991 and by certified mail <br /> to taxpayers on November 15 , 1991 ; and , <br /> WHEREAS, pursuant to Section 11-74 . 4-5 of the Act, the <br /> City Council has caused a Joint Review Board to be convened <br /> in accordance with the requirements of the Act; and <br /> WHEREAS, pursuant to Section 11-74 . 4-5 of the Act, due <br /> notice was given by certified mail, return receipt <br /> requested, on October 17 , 1991 , to each taxing body required <br /> by the Act to be represented on the Joint Review Board; and <br /> WHEREAS, the Joint Review Board met on October 31 , 1991 <br /> and November 25, 1991 , and had available for review the <br /> public record, planning documents and proposed ordinances <br /> approving the Redevelopment Plan and Project; and <br /> WHEREAS, the Redevelopment Plan and Project sets forth <br /> conditions in the proposed Redevelopment Project Area <br /> qualifying the area as both a blighted area and a <br /> conservation area, and the City Council is informed of such <br /> conditions causing the proposed Redevelopment Project Area <br /> to qualify under the Act for tax increment redevelopment; <br /> and <br />