2022-09 An Ordinance Amending the Property Tax Abatement Qualifying Criteria for the Decatur Macon County Enterprise Zone - City of Decatur

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ORDINANCE NO. 2022-.69 AN ORDINANCE AMENDING THE PROPERTY TAX ABATEMENT QUALIFYING CRITERIA FOR THE DECATUR MACON COUNTY ENTERPRISE ZONE -CITY OF DECATUR- WHEREAS, The Decatur Macon County Enterprise Zone was certified by the Illinois Department of Commerce and Economic Opportunity to begin operations on January 1, 2016 in accordance with the Illinois Enterprise Zone Act(20 ILCS 655/1 et. seq.), hereafter referred to as "the Act"; and, WHEREAS, the City of Decatur adopted Ordinance 2014-66 (the "Initial Designating Ordinance"), designating an Enterprise Zone (known as the "Decatur Macon County Enterprise Zone"); and, WHEREAS,the County of Macon,the Village of Forsyth,the Village of Long Creek,and the Village of Mt. Zion, (collectively with the City of Decatur, the "Designating Units of Government"), each adopted substantially identical Designating Ordinances; and, WHEREAS, the Designating Units of Government, have determined and concur that it is desirable and necessary for the Decatur Macon County Enterprise Zone, hereafter referred to as "the Zone", to amend the qualifying criteria for property tax abatement within the boundaries of the Zone to meet the needs of existing employers and targeted investors and industry sectors in the region; and, WHEREAS, specific participating taxing bodies will be requested to make similar amendments to their respective property tax abatement policies; and, WHEREAS, certain parts of the Zone lie within the boundaries of the CITY OF DECATUR; NOW BE IT THEREFORE ORDAINED BY THE MAYOR AND THE CITY COUNCIL OF THE CITY OF DECATUR,ILLINOIS: SECTION 1. Recitals. The foregoing recitals are hereby incorporated into and made a part of this Ordinance as if fully set forth herein. SECTION 2. Amendment of Ordinance 2014-66, as amended. That the original Designating Ordinance 2014-66 as amended,shall be further amended to reflect the changes to the Zone property tax abatement program as outlined below. A. Section 2.A.5. shall be amended to state as follows: Enterprises in the business of selling products or services in the following categories: stores selling products to the general public or wholesale customers, restaurants, hotels/motels, related concerns, and certain muti-family residential development projects. B. Section 2. A.6 shall be amended to add the following ineligible project category: