(A) The City Council has enacted an “Ordinance Establishing the Fairfield Business District; Approving a Business District Plan; Authorizing the Imposition and Collection Of a Sales Tax within such Business District; and Approving Certain Actions in Connection with the Establishment of such Business District” pursuant to the Illinois Business District Development and Redevelopment Law (65 ILCS 5/11-74.3-1 et seq. as amended).
(B) The City Council of the City of Fairfield, Illinois, after being fully advised in the premises, has determined that it would be in the best interest of the public to set forth the procedure by which loans (hereinafter referred to as “grants”) are made from the proceeds of the Business District Tax.
(Ord. 24-0213-358, passed 2-13-2024)