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Public Act 100-0214 |
SB0588 Enrolled | LRB100 05292 HLH 15303 b |
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AN ACT concerning local government.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The Illinois Municipal Code is amended by |
changing Section 11-74.4-3.5 as follows:
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(65 ILCS 5/11-74.4-3.5)
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Sec. 11-74.4-3.5. Completion dates for redevelopment |
projects. |
(a) Unless otherwise stated in this Section, the estimated |
dates of completion
of the redevelopment project and retirement |
of obligations issued to finance
redevelopment project costs |
(including refunding bonds under Section 11-74.4-7) may not be
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later than December 31 of the year in which the payment to the |
municipal
treasurer, as provided in subsection (b) of Section |
11-74.4-8 of this Act, is to
be made with respect to ad valorem |
taxes levied in the 23rd
calendar year after the year in which |
the ordinance approving the
redevelopment project area was |
adopted if the ordinance was adopted on or after
January 15, |
1981. |
(a-5) If the redevelopment project area is located within a |
transit facility improvement area established pursuant to |
Section 11-74.4-3, the estimated dates of completion of the |
redevelopment project and retirement of obligations issued to |
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finance redevelopment project costs (including refunding bonds |
under Section 11-74.4-7) may not be later than December 31 of |
the year in which the payment to the municipal treasurer, as |
provided in subsection (b) of Section 11-74.4-8 of this Act |
amendatory Act of the 99th General Assembly , is to be made with |
respect to ad valorem taxes levied in the 35th calendar year |
after the year in which the ordinance approving the |
redevelopment project area was adopted. |
(a-7) A municipality may adopt tax increment financing for |
a redevelopment project area located in a transit facility |
improvement area that also includes real property located |
within an existing redevelopment project area established |
prior to August 12, 2016 ( the effective date of Public Act |
99-792) this amendatory Act of 99th General Assembly . In such |
case: (i) the provisions of this Division shall apply with |
respect to the previously established redevelopment project |
area until the municipality adopts, as required in accordance |
with applicable provisions of this Division, an ordinance |
dissolving the special tax allocation fund for such |
redevelopment project area and terminating the designation of |
such redevelopment project area as a redevelopment project |
area; and (ii) after the effective date of the ordinance |
described in (i), the provisions of this Division shall apply |
with respect to the subsequently established redevelopment |
project area located in a transit facility improvement area. |
(b) The estimated dates of completion of the redevelopment |
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project and retirement of obligations issued to finance |
redevelopment project costs (including refunding bonds under |
Section 11-74.4-7) may not be later than December 31 of the |
year in which the payment to the municipal treasurer as |
provided in subsection (b) of Section 11-74.4-8 of this Act is |
to be made with respect to ad valorem taxes levied in the 32nd |
calendar year after the year in which the ordinance approving |
the redevelopment project area was adopted if the ordinance was |
adopted on September 9, 1999 by the Village of Downs. |
The estimated dates of completion
of the redevelopment |
project and retirement of obligations issued to finance
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redevelopment project costs (including refunding bonds under |
Section 11-74.4-7) may not be later than December 31 of the |
year in which the payment to the municipal
treasurer as |
provided in subsection (b) of Section 11-74.4-8 of this Act is |
to
be made with respect to ad valorem taxes levied in the 33rd |
calendar
year after the year in which the ordinance approving |
the
redevelopment project area was adopted if the ordinance was |
adopted on May 20, 1985 by the Village of Wheeling. |
The estimated dates of completion of the redevelopment |
project and retirement of obligations issued to finance |
redevelopment project costs (including refunding bonds under |
Section 11-74.4-7) may not be later than December 31 of the |
year in which the payment to the municipal treasurer as |
provided in subsection (b) of Section 11-74.4-8 of this Act is |
to be made with respect to ad valorem taxes levied in the 28th |
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calendar year after the year in which the ordinance approving |
the redevelopment project area was adopted if the ordinance was |
adopted on October 12, 1989 by the City of Lawrenceville. |
(c) The estimated dates of completion
of the redevelopment |
project and retirement of obligations issued to finance
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redevelopment project costs (including refunding bonds under |
Section 11-74.4-7) may not be later than December 31 of the |
year in which the payment to the municipal
treasurer as |
provided in subsection (b) of Section 11-74.4-8 of this Act is |
to
be made with respect to ad valorem taxes levied in the 35th |
calendar
year after the year in which the ordinance approving |
the
redevelopment project area was adopted: |
(1) If the ordinance was adopted before January 15, |
1981. |
(2) If the ordinance was adopted in December 1983, |
April 1984, July 1985,
or December 1989. |
(3) If the ordinance was adopted in December 1987 and |
the redevelopment
project is located within one mile of |
Midway Airport. |
(4) If the ordinance was adopted before January 1, 1987 |
by a municipality in
Mason County. |
(5) If the municipality is subject to the Local |
Government Financial Planning
and Supervision Act or the |
Financially Distressed City Law. |
(6) If the ordinance was adopted in December 1984 by |
the Village of Rosemont. |
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(7) If the ordinance was adopted on December 31, 1986 |
by a municipality
located in Clinton County for which at |
least $250,000 of tax increment
bonds were authorized on |
June 17, 1997, or if the ordinance was adopted on
December |
31, 1986 by a municipality with a population in 1990 of |
less than
3,600 that is located in a county with a |
population in 1990 of less than
34,000 and for which at |
least $250,000 of tax increment bonds were authorized
on |
June 17, 1997. |
(8) If the ordinance was adopted on October 5, 1982 by |
the City of Kankakee, or if the ordinance was adopted on |
December 29, 1986 by East St. Louis. |
(9) If
the ordinance was adopted on November 12, 1991 |
by the Village of Sauget. |
(10) If the ordinance was
adopted on February 11, 1985 |
by the City of Rock Island. |
(11) If the ordinance was adopted before December 18, |
1986 by the City of
Moline. |
(12) If the ordinance was adopted in September 1988 by |
Sauk Village. |
(13) If the ordinance was adopted in October 1993 by |
Sauk Village. |
(14) If the ordinance was adopted on December 29, 1986 |
by the City of Galva. |
(15) If the ordinance was adopted in March 1991 by the |
City of Centreville. |
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(16) If the ordinance was adopted on January 23, 1991
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by the City of East St. Louis. |
(17) If the ordinance was adopted on December 22, 1986 |
by the City of Aledo. |
(18) If the ordinance was adopted on February 5, 1990 |
by the City of Clinton. |
(19) If the ordinance was adopted on September 6, 1994 |
by the City of Freeport. |
(20) If the ordinance was adopted on December 22, 1986 |
by the City of Tuscola. |
(21) If the ordinance was adopted on December 23, 1986 |
by the City of Sparta. |
(22) If the ordinance was adopted on December 23, 1986 |
by the City of
Beardstown. |
(23) If the ordinance was adopted on April 27, 1981, |
October 21, 1985, or
December 30, 1986 by the City of |
Belleville. |
(24) If the ordinance was adopted on December 29, 1986 |
by the City of
Collinsville. |
(25) If the ordinance was adopted on September 14, 1994 |
by the
City of Alton. |
(26) If the ordinance was adopted on November 11, 1996 |
by the
City of Lexington. |
(27) If the ordinance was adopted on November 5, 1984 |
by
the City of LeRoy. |
(28) If the ordinance was adopted on April 3, 1991 or
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June 3, 1992 by the City of Markham. |
(29) If the ordinance was adopted on November 11, 1986 |
by the City of Pekin. |
(30) If the ordinance was adopted on December 15, 1981 |
by the City of Champaign. |
(31) If the ordinance was adopted on December 15, 1986 |
by the City of Urbana. |
(32) If the ordinance was adopted on December 15, 1986 |
by the Village of Heyworth. |
(33) If the ordinance was adopted on February 24, 1992 |
by the Village of Heyworth. |
(34) If the ordinance was adopted on March 16, 1995 by |
the Village of Heyworth. |
(35) If the ordinance was adopted on December 23, 1986 |
by the Town of Cicero. |
(36) If the ordinance was adopted on December 30, 1986 |
by the City of Effingham. |
(37) If the ordinance was adopted on May 9, 1991 by the |
Village of
Tilton. |
(38) If the ordinance was adopted on October 20, 1986 |
by the City of Elmhurst. |
(39) If the ordinance was adopted on January 19, 1988 |
by the City of
Waukegan. |
(40) If the ordinance was adopted on September 21, 1998 |
by the City of
Waukegan. |
(41) If the ordinance was adopted on December 31, 1986 |
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by the City of Sullivan. |
(42) If the ordinance was adopted on December 23, 1991 |
by the City of Sullivan. |
(43) If the ordinance was adopted on December 31, 1986 |
by the City of Oglesby. |
(44) If the ordinance was adopted on July 28, 1987 by |
the City of Marion. |
(45) If the ordinance was adopted on April 23, 1990 by |
the City of Marion. |
(46) If the ordinance was adopted on August 20, 1985 by |
the Village of Mount Prospect. |
(47) If the ordinance was adopted on February 2, 1998 |
by the Village of Woodhull. |
(48) If the ordinance was adopted on April 20, 1993 by |
the Village of Princeville. |
(49) If the ordinance was adopted on July 1, 1986 by |
the City of Granite City. |
(50) If the ordinance was adopted on February 2, 1989 |
by the Village of Lombard. |
(51) If the ordinance was adopted on December 29, 1986 |
by the Village of Gardner. |
(52) If the ordinance was adopted on July 14, 1999 by |
the Village of Paw Paw. |
(53) If the ordinance was adopted on November 17, 1986 |
by the Village of Franklin Park. |
(54) If the ordinance was adopted on November 20, 1989 |
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by the Village of South Holland. |
(55) If the ordinance was adopted on July 14, 1992 by |
the Village of Riverdale. |
(56) If the ordinance was adopted on December 29, 1986 |
by the City of Galesburg. |
(57) If the ordinance was adopted on April 1, 1985 by |
the City of Galesburg. |
(58) If the ordinance was adopted on May 21, 1990 by |
the City of West Chicago. |
(59) If the ordinance was adopted on December 16, 1986 |
by the City of Oak Forest. |
(60) If the ordinance was adopted in 1999 by the City |
of Villa Grove. |
(61) If the ordinance was adopted on January 13, 1987 |
by the Village of Mt. Zion. |
(62) If the ordinance was adopted on December 30, 1986 |
by the Village of Manteno. |
(63) If the ordinance was adopted on April 3, 1989 by |
the City of Chicago Heights. |
(64) If the ordinance was adopted on January 6, 1999 by |
the Village of Rosemont. |
(65) If the ordinance was adopted on December 19, 2000 |
by the Village of Stone Park. |
(66) If the ordinance was adopted on December 22, 1986 |
by the City of DeKalb. |
(67) If the ordinance was adopted on December 2, 1986 |
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by the City of Aurora.
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(68) If the ordinance was adopted on December 31, 1986 |
by the Village of Milan. |
(69) If the ordinance was adopted on September 8, 1994 |
by the City of West Frankfort. |
(70) If the ordinance was adopted on December 23, 1986 |
by the Village of Libertyville. |
(71) If the ordinance was adopted on December 22, 1986 |
by the Village of Hoffman Estates.
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(72) If the ordinance was adopted on September 17, 1986 |
by the Village of Sherman.
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(73) If the ordinance was adopted on December 16, 1986 |
by the City of Macomb. |
(74) If the ordinance was adopted on June 11, 2002 by |
the City of East Peoria to create the West Washington |
Street TIF. |
(75) If the ordinance was adopted on June 11, 2002 by |
the City of East Peoria to create the Camp Street TIF.
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(76) If the ordinance was adopted on August 7, 2000 by |
the City of Des Plaines. |
(77) If the ordinance was adopted on December 22, 1986 |
by the City of Washington to create the Washington Square |
TIF #2. |
(78) If the ordinance was adopted on December 29, 1986 |
by the City of Morris.
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(79) If the ordinance was adopted on July 6, 1998 by |
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the Village of Steeleville. |
(80) If the ordinance was adopted on December 29, 1986 |
by the City of Pontiac to create TIF I (the Main St TIF). |
(81) If the ordinance was adopted on December 29, 1986 |
by the City of Pontiac to create TIF II (the Interstate |
TIF). |
(82) If the ordinance was adopted on November 6, 2002 |
by the City of Chicago to create the Madden/Wells TIF |
District. |
(83) If the ordinance was adopted on November 4, 1998 |
by the City of Chicago to create the Roosevelt/Racine TIF |
District. |
(84) If the ordinance was adopted on June 10, 1998 by |
the City of Chicago to create the Stony Island |
Commercial/Burnside Industrial Corridors TIF District. |
(85) If the ordinance was adopted on November 29, 1989 |
by the City of Chicago to create the Englewood Mall TIF |
District. |
(86) If the ordinance was adopted on December 27, 1986 |
by the City of Mendota. |
(87) If the ordinance was adopted on December 31, 1986 |
by the Village of Cahokia. |
(88) If the ordinance was adopted on September 20, 1999 |
by the City of Belleville. |
(89) If the ordinance was adopted on December 30, 1986 |
by the Village of Bellevue to create the Bellevue TIF |
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District 1. |
(90) If the ordinance was adopted on December 13, 1993 |
by the Village of Crete. |
(91) If the ordinance was adopted on February 12, 2001 |
by the Village of Crete. |
(92) If the ordinance was adopted on April 23, 2001 by |
the Village of Crete. |
(93) If the ordinance was adopted on December 16, 1986 |
by the City of Champaign. |
(94) If the ordinance was adopted on December 20, 1986 |
by the City of Charleston. |
(95) If the ordinance was adopted on June 6, 1989 by |
the Village of Romeoville. |
(96) If the ordinance was adopted on October 14, 1993 |
and amended on August 2, 2010 by the City of Venice. |
(97) If the ordinance was adopted on June 1, 1994 by |
the City of Markham. |
(98) If the ordinance was adopted on May 19, 1998 by |
the Village of Bensenville. |
(99) If the ordinance was adopted on November 12, 1987 |
by the City of Dixon. |
(100) If the ordinance was adopted on December 20, 1988 |
by the Village of Lansing. |
(101) If the ordinance was adopted on October 27, 1998 |
by the City of Moline. |
(102) If the ordinance was adopted on May 21, 1991 by |
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the Village of Glenwood. |
(103) If the ordinance was adopted on January 28, 1992 |
by the City of East Peoria. |
(104) If the ordinance was adopted on December 14, 1998 |
by the City of Carlyle. |
(105) If the ordinance was adopted on May 17, 2000, as |
subsequently amended, by the City of Chicago to create the |
Midwest Redevelopment TIF District. |
(106) If the ordinance was adopted on September 13, |
1989 by the City of Chicago to create the Michigan/Cermak |
Area TIF District. |
(107) If the ordinance was adopted on March 30, 1992 by |
the Village of Ohio. |
(108) If the ordinance was adopted on July 6, 1998 by |
the Village of Orangeville. |
(109) If the ordinance was adopted on December 16, 1997 |
by the Village of Germantown. |
(110) If the ordinance was adopted on April 28, 2003 by |
Gibson City. |
(111) If the ordinance was adopted on December 18, 1990 |
by the Village of Washington Park, but only after the |
Village of Washington Park becomes compliant with the |
reporting requirements under subsection (d) of Section |
11-74.4-5, and after the State Comptroller's certification |
of such compliance. |
(112) If the ordinance was adopted on February 28, 2000 |
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by the City of Harvey. |
(113) If the ordinance was adopted on January 11, 1991 |
by the City of Chicago to create the Read/Dunning TIF |
District. |
(114) If the ordinance was adopted on July 24, 1991 by |
the City of Chicago to create the Sanitary and Ship Canal |
TIF District. |
(115) If the ordinance was adopted on December 4, 2007 |
by the City of Naperville. |
(116) If the ordinance was adopted on July 1, 2002 by |
the Village of Arlington Heights. |
(117) If the ordinance was adopted on February 11, 1991 |
by the Village of Machesney Park. |
(118) If the ordinance was adopted on December 29, 1993 |
by the City of Ottawa. |
(119) If the ordinance was adopted on June 4, 1991 by |
the Village of Lansing. |
(120) If the ordinance was adopted on February 10, 2004 |
by the Village of Fox Lake. |
(121) If the ordinance was adopted on December 22, 1992 |
by the City of Fairfield. |
(122) If the ordinance was adopted on February 10, 1992 |
by the City of Mt. Sterling. |
(123) If the ordinance was adopted on March 15, 2004 by |
the City of Batavia. |
(124) If the ordinance was adopted on March 18, 2002 by |
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the Village of Lake Zurich. |
(125) If the ordinance was adopted on September 23, |
1997 by the City of Granite City. |
(126) If the ordinance was adopted on May 8, 2013 by |
the Village of Rosemont to create the Higgins Road/River |
Road TIF District No. 6. |
(127) If the ordinance was adopted on November 22, 1993 |
by the City of Arcola. |
(128) If the ordinance was adopted on September 7, 2004 |
by the City of Arcola. |
(129) If the ordinance was adopted on November 29, 1999 |
by the City of Paris. |
(130) If the ordinance was adopted on September 20, |
1994 by the City of Ottawa to create the U.S. Route 6 East |
Ottawa TIF. |
(131) If the ordinance was adopted on May 2, 2002 by |
the Village of Crestwood. |
(132) If the ordinance was adopted on October 27, 1992 |
by the City of Blue Island. |
(133) If the ordinance was adopted on December 23, 1993 |
by the City of Lacon. |
(134) If the ordinance was adopted on May 4, 1998 by |
the Village of Bradford. |
(135) If the ordinance was adopted on June 11, 2002 by |
the City of Oak Forest. |
(136) If the ordinance was adopted on November 16, 1992 |
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by the City of Pinckneyville. |
(137) If the ordinance was adopted on March 1, 2001 by |
the Village of South Jacksonville. |
(138) If the ordinance was adopted on February 26, 1992 |
by the City of Chicago to create the Stockyards Southeast |
Quadrant TIF District. |
(139) If the ordinance was adopted on January 25, 1993 |
by the City of LaSalle. |
(140) If the ordinance was adopted on December 23, 1997 |
by the Village of Dieterich. |
(141) If the ordinance was adopted on February 10, 2016 |
by the Village of Rosemont to create the Balmoral/Pearl TIF |
No. 8 Tax Increment Financing Redevelopment Project Area. |
(142) (132) If the ordinance was adopted on June 11, |
2002 by the City of Oak Forest. |
(143) If the ordinance was adopted on January 31, 1995 |
by the Village of Milledgeville. |
(d) For redevelopment project areas for which bonds were |
issued before
July 29, 1991, or for which contracts were |
entered into before June 1,
1988, in connection with a |
redevelopment project in the area within
the State Sales Tax |
Boundary, the estimated dates of completion of the
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redevelopment project and retirement of obligations to finance |
redevelopment
project costs (including refunding bonds under |
Section 11-74.4-7) may be extended by municipal ordinance to |
December 31, 2013.
The termination procedures of subsection (b) |
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of Section 11-74.4-8 are not
required for
these redevelopment |
project areas in 2009 but are required in 2013.
The extension |
allowed by Public Act 87-1272 shall not apply to real
property |
tax increment allocation financing under Section 11-74.4-8. |
(e) Those dates, for purposes of real property tax |
increment allocation
financing pursuant to Section 11-74.4-8 |
only, shall be not more than 35 years
for redevelopment project |
areas that were adopted on or after December 16,
1986 and for |
which at least $8 million worth of municipal bonds were |
authorized
on or after December 19, 1989 but before January 1, |
1990; provided that the
municipality elects to extend the life |
of the redevelopment project area to 35
years by the adoption |
of an ordinance after at least 14 but not more than 30
days' |
written notice to the taxing bodies, that would otherwise |
constitute the
joint review board for the redevelopment project |
area, before the adoption of
the ordinance. |
(f) Those dates, for purposes of real property tax |
increment allocation
financing pursuant to Section 11-74.4-8 |
only, shall be not more than 35 years
for redevelopment project |
areas that were established on or after December 1,
1981 but |
before January 1, 1982 and for which at least $1,500,000 worth |
of
tax increment revenue bonds were authorized
on or after |
September 30, 1990 but before July 1, 1991; provided that the
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municipality elects to extend the life of the redevelopment |
project area to 35
years by the adoption of an ordinance after |
at least 14 but not more than 30
days' written notice to the |
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taxing bodies, that would otherwise constitute the
joint review |
board for the redevelopment project area, before the adoption |
of
the ordinance. |
(f-5) Those dates, for purposes of real property tax |
increment allocation financing pursuant to Section 11-74.4-8 |
only, shall be not more than 47 years for redevelopment project |
areas that were established on December 29, 1981 by the City of |
Springfield; provided that (i) the City city of Springfield |
adopts an ordinance extending the life of the redevelopment |
project area to 47 years and (ii) the City of Springfield |
provides notice to the taxing bodies that would otherwise |
constitute the joint review board for the redevelopment project |
area not more than 30 and not less than 14 days prior to the |
adoption of that ordinance. |
(g) In consolidating the material relating to completion |
dates from Sections 11-74.4-3 and 11-74.4-7 into this Section, |
it is not the intent of the General Assembly to make any |
substantive change in the law, except for the extension of the |
completion dates for the City of Aurora, the Village of Milan,
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the City of West Frankfort, the Village of Libertyville, and |
the Village of Hoffman Estates set forth under items (67),
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(68), (69), (70), and (71) of subsection (c) of this Section. |
(Source: P.A. 98-109, eff. 7-25-13; 98-135, eff. 8-2-13; |
98-230, eff. 8-9-13; 98-463, eff. 8-16-13; 98-614, eff. |
12-27-13; 98-667, eff. 6-25-14; 98-889, eff. 8-15-14; 98-893, |
eff. 8-15-14; 98-1064, eff. 8-26-14; 98-1136, eff. 12-29-14; |
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98-1153, eff. 1-9-15; 98-1157, eff. 1-9-15; 98-1159, eff. |
1-9-15; 99-78, eff. 7-20-15; 99-136, eff. 7-24-15; 99-263, eff. |
8-4-15; 99-361, eff. 1-1-16; 99-394, eff. 8-18-15; 99-495, eff. |
12-17-15; 99-508, eff. 6-24-16; 99-792, eff. 8-12-16; revised |
9-22-16.)
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Section 99. Effective date. This Act takes effect upon |
becoming law.
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