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86-40 ADDING TERRITORY TO ENTERPRISE ZONE
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86-40 ADDING TERRITORY TO ENTERPRISE ZONE
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8/29/2016 9:49:13 AM
Creation date
8/29/2016 9:49:10 AM
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Resolution/Ordinance
Res Ord Num
86-40
Res Ord Title
ADDING TERRITORY TO ENTERPRISE ZONE
Approved Date
6/2/1986
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PART E. DEVELOPHEDIT' GOALS AND OBJECTIVES ' ' <br /> s <br /> � Describe how the proposed boundary change meets specific objectives of the <br /> local enterprise zone program and plan. <br /> TYie primary purpose of the City' s Enterprise Zone was to <br /> create the incentives which would strongly encourage job creation <br /> through supporting expanding business and industrial activities <br /> taking place in the zone . The St . Mary' s Hospital complex is an <br /> integral part of the expanding health services delivery system <br /> for not only the City of Decatur and Macoiz County res�idents , but <br /> also for an area of several counties in size in Central Illinois . <br /> This new medical office and ambulatory surgery center facility is <br /> expected to create 50 new full-time jobs within a two year period <br /> after completion in August of 1987 . Further, the American <br /> Medical Buildings Cor�pany, the development firm retained by the <br /> hospital, has specifically stated that the proj�ect needs the <br /> enterprise zone property tax benefit to allow the new building to <br /> compete with other medical office facilities on an equal basis . <br /> The encouragement of inedical services deiivery helps to <br /> further diversify the employment base of Decatur which has been <br /> heavily dependant on a few large manufacturing industriese The <br /> diversification of the economy is also a major objective of the <br /> City Enterprise Zone Program. <br /> It should be noted that the original Enterprise Zone <br /> � boundary encompassed the entire property of the only other <br /> hospital in the City, De�atur Memorial Hospital, which already <br /> enjoys the potential benefits of being within the zone . <br /> 81-5 <br />
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