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1 | | year after the year in which the ordinance approving the
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2 | | redevelopment project area was adopted if the ordinance was |
3 | | adopted on or after
January 15, 1981. |
4 | | (a-5) If the redevelopment project area is located within |
5 | | a transit facility improvement area established pursuant to |
6 | | Section 11-74.4-3, the estimated dates of completion of the |
7 | | redevelopment project and retirement of obligations issued to |
8 | | finance redevelopment project costs (including refunding bonds |
9 | | under Section 11-74.4-7) may not be later than December 31 of |
10 | | the year in which the payment to the municipal treasurer, as |
11 | | provided in subsection (b) of Section 11-74.4-8 of this Act, |
12 | | is to be made with respect to ad valorem taxes levied in the |
13 | | 35th calendar year after the year in which the ordinance |
14 | | approving the redevelopment project area was adopted. |
15 | | (a-7) A municipality may adopt tax increment financing for |
16 | | a redevelopment project area located in a transit facility |
17 | | improvement area that also includes real property located |
18 | | within an existing redevelopment project area established |
19 | | prior to August 12, 2016 (the effective date of Public Act |
20 | | 99-792). In such case: (i) the provisions of this Division |
21 | | shall apply with respect to the previously established |
22 | | redevelopment project area until the municipality adopts, as |
23 | | required in accordance with applicable provisions of this |
24 | | Division, an ordinance dissolving the special tax allocation |
25 | | fund for such redevelopment project area and terminating the |
26 | | designation of such redevelopment project area as a |
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1 | | redevelopment project area; and (ii) after the effective date |
2 | | of the ordinance described in (i), the provisions of this |
3 | | Division shall apply with respect to the subsequently |
4 | | established redevelopment project area located in a transit |
5 | | facility improvement area. |
6 | | (b) The estimated dates of completion of the redevelopment |
7 | | project and retirement of obligations issued to finance |
8 | | redevelopment project costs (including refunding bonds under |
9 | | Section 11-74.4-7) may not be later than December 31 of the |
10 | | year in which the payment to the municipal treasurer as |
11 | | provided in subsection (b) of Section 11-74.4-8 of this Act is |
12 | | to be made with respect to ad valorem taxes levied in the 32nd |
13 | | calendar year after the year in which the ordinance approving |
14 | | the redevelopment project area was adopted if the ordinance |
15 | | was adopted on September 9, 1999 by the Village of Downs. |
16 | | The estimated dates of completion
of the redevelopment |
17 | | project and retirement of obligations issued to finance
|
18 | | redevelopment project costs (including refunding bonds under |
19 | | Section 11-74.4-7) may not be later than December 31 of the |
20 | | year in which the payment to the municipal
treasurer as |
21 | | provided in subsection (b) of Section 11-74.4-8 of this Act is |
22 | | to
be made with respect to ad valorem taxes levied in the 33rd |
23 | | calendar
year after the year in which the ordinance approving |
24 | | the
redevelopment project area was adopted if the ordinance |
25 | | was adopted on May 20, 1985 by the Village of Wheeling. |
26 | | The estimated dates of completion of the redevelopment |
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1 | | project and retirement of obligations issued to finance |
2 | | redevelopment project costs (including refunding bonds under |
3 | | Section 11-74.4-7) may not be later than December 31 of the |
4 | | year in which the payment to the municipal treasurer as |
5 | | provided in subsection (b) of Section 11-74.4-8 of this Act is |
6 | | to be made with respect to ad valorem taxes levied in the 28th |
7 | | calendar year after the year in which the ordinance approving |
8 | | the redevelopment project area was adopted if the ordinance |
9 | | was adopted on October 12, 1989 by the City of Lawrenceville. |
10 | | (c) The estimated dates of completion
of the redevelopment |
11 | | project and retirement of obligations issued to finance
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12 | | redevelopment project costs (including refunding bonds under |
13 | | Section 11-74.4-7) may not be later than December 31 of the |
14 | | year in which the payment to the municipal
treasurer as |
15 | | provided in subsection (b) of Section 11-74.4-8 of this Act is |
16 | | to
be made with respect to ad valorem taxes levied in the 35th |
17 | | calendar
year after the year in which the ordinance approving |
18 | | the
redevelopment project area was adopted: |
19 | | (1) If the ordinance was adopted before January 15, |
20 | | 1981. |
21 | | (2) If the ordinance was adopted in December 1983, |
22 | | April 1984, July 1985,
or December 1989. |
23 | | (3) If the ordinance was adopted in December 1987 and |
24 | | the redevelopment
project is located within one mile of |
25 | | Midway Airport. |
26 | | (4) If the ordinance was adopted before January 1, |
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1 | | 1987 by a municipality in
Mason County. |
2 | | (5) If the municipality is subject to the Local |
3 | | Government Financial Planning
and Supervision Act or the |
4 | | Financially Distressed City Law. |
5 | | (6) If the ordinance was adopted in December 1984 by |
6 | | the Village of Rosemont. |
7 | | (7) If the ordinance was adopted on December 31, 1986 |
8 | | by a municipality
located in Clinton County for which at |
9 | | least $250,000 of tax increment
bonds were authorized on |
10 | | June 17, 1997, or if the ordinance was adopted on
December |
11 | | 31, 1986 by a municipality with a population in 1990 of |
12 | | less than
3,600 that is located in a county with a |
13 | | population in 1990 of less than
34,000 and for which at |
14 | | least $250,000 of tax increment bonds were authorized
on |
15 | | June 17, 1997. |
16 | | (8) If the ordinance was adopted on October 5, 1982 by |
17 | | the City of Kankakee, or if the ordinance was adopted on |
18 | | December 29, 1986 by East St. Louis. |
19 | | (9) If
the ordinance was adopted on November 12, 1991 |
20 | | by the Village of Sauget. |
21 | | (10) If the ordinance was
adopted on February 11, 1985 |
22 | | by the City of Rock Island. |
23 | | (11) If the ordinance was adopted before December 18, |
24 | | 1986 by the City of
Moline. |
25 | | (12) If the ordinance was adopted in September 1988 by |
26 | | Sauk Village. |
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1 | | (13) If the ordinance was adopted in October 1993 by |
2 | | Sauk Village. |
3 | | (14) If the ordinance was adopted on December 29, 1986 |
4 | | by the City of Galva. |
5 | | (15) If the ordinance was adopted in March 1991 by the |
6 | | City of Centreville. |
7 | | (16) If the ordinance was adopted on January 23, 1991
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8 | | by the City of East St. Louis. |
9 | | (17) If the ordinance was adopted on December 22, 1986 |
10 | | by the City of Aledo. |
11 | | (18) If the ordinance was adopted on February 5, 1990 |
12 | | by the City of Clinton. |
13 | | (19) If the ordinance was adopted on September 6, 1994 |
14 | | by the City of Freeport. |
15 | | (20) If the ordinance was adopted on December 22, 1986 |
16 | | by the City of Tuscola. |
17 | | (21) If the ordinance was adopted on December 23, 1986 |
18 | | by the City of Sparta. |
19 | | (22) If the ordinance was adopted on December 23, 1986 |
20 | | by the City of
Beardstown. |
21 | | (23) If the ordinance was adopted on April 27, 1981, |
22 | | October 21, 1985, or
December 30, 1986 by the City of |
23 | | Belleville. |
24 | | (24) If the ordinance was adopted on December 29, 1986 |
25 | | by the City of
Collinsville. |
26 | | (25) If the ordinance was adopted on September 14, |
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1 | | 1994 by the
City of Alton. |
2 | | (26) If the ordinance was adopted on November 11, 1996 |
3 | | by the
City of Lexington. |
4 | | (27) If the ordinance was adopted on November 5, 1984 |
5 | | by
the City of LeRoy. |
6 | | (28) If the ordinance was adopted on April 3, 1991 or
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7 | | June 3, 1992 by the City of Markham. |
8 | | (29) If the ordinance was adopted on November 11, 1986 |
9 | | by the City of Pekin. |
10 | | (30) If the ordinance was adopted on December 15, 1981 |
11 | | by the City of Champaign. |
12 | | (31) If the ordinance was adopted on December 15, 1986 |
13 | | by the City of Urbana. |
14 | | (32) If the ordinance was adopted on December 15, 1986 |
15 | | by the Village of Heyworth. |
16 | | (33) If the ordinance was adopted on February 24, 1992 |
17 | | by the Village of Heyworth. |
18 | | (34) If the ordinance was adopted on March 16, 1995 by |
19 | | the Village of Heyworth. |
20 | | (35) If the ordinance was adopted on December 23, 1986 |
21 | | by the Town of Cicero. |
22 | | (36) If the ordinance was adopted on December 30, 1986 |
23 | | by the City of Effingham. |
24 | | (37) If the ordinance was adopted on May 9, 1991 by the |
25 | | Village of
Tilton. |
26 | | (38) If the ordinance was adopted on October 20, 1986 |
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1 | | by the City of Elmhurst. |
2 | | (39) If the ordinance was adopted on January 19, 1988 |
3 | | by the City of
Waukegan. |
4 | | (40) If the ordinance was adopted on September 21, |
5 | | 1998 by the City of
Waukegan. |
6 | | (41) If the ordinance was adopted on December 31, 1986 |
7 | | by the City of Sullivan. |
8 | | (42) If the ordinance was adopted on December 23, 1991 |
9 | | by the City of Sullivan. |
10 | | (43) If the ordinance was adopted on December 31, 1986 |
11 | | by the City of Oglesby. |
12 | | (44) If the ordinance was adopted on July 28, 1987 by |
13 | | the City of Marion. |
14 | | (45) If the ordinance was adopted on April 23, 1990 by |
15 | | the City of Marion. |
16 | | (46) If the ordinance was adopted on August 20, 1985 |
17 | | by the Village of Mount Prospect. |
18 | | (47) If the ordinance was adopted on February 2, 1998 |
19 | | by the Village of Woodhull. |
20 | | (48) If the ordinance was adopted on April 20, 1993 by |
21 | | the Village of Princeville. |
22 | | (49) If the ordinance was adopted on July 1, 1986 by |
23 | | the City of Granite City. |
24 | | (50) If the ordinance was adopted on February 2, 1989 |
25 | | by the Village of Lombard. |
26 | | (51) If the ordinance was adopted on December 29, 1986 |
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1 | | by the Village of Gardner. |
2 | | (52) If the ordinance was adopted on July 14, 1999 by |
3 | | the Village of Paw Paw. |
4 | | (53) If the ordinance was adopted on November 17, 1986 |
5 | | by the Village of Franklin Park. |
6 | | (54) If the ordinance was adopted on November 20, 1989 |
7 | | by the Village of South Holland. |
8 | | (55) If the ordinance was adopted on July 14, 1992 by |
9 | | the Village of Riverdale. |
10 | | (56) If the ordinance was adopted on December 29, 1986 |
11 | | by the City of Galesburg. |
12 | | (57) If the ordinance was adopted on April 1, 1985 by |
13 | | the City of Galesburg. |
14 | | (58) If the ordinance was adopted on May 21, 1990 by |
15 | | the City of West Chicago. |
16 | | (59) If the ordinance was adopted on December 16, 1986 |
17 | | by the City of Oak Forest. |
18 | | (60) If the ordinance was adopted in 1999 by the City |
19 | | of Villa Grove. |
20 | | (61) If the ordinance was adopted on January 13, 1987 |
21 | | by the Village of Mt. Zion. |
22 | | (62) If the ordinance was adopted on December 30, 1986 |
23 | | by the Village of Manteno. |
24 | | (63) If the ordinance was adopted on April 3, 1989 by |
25 | | the City of Chicago Heights. |
26 | | (64) If the ordinance was adopted on January 6, 1999 |
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1 | | by the Village of Rosemont. |
2 | | (65) If the ordinance was adopted on December 19, 2000 |
3 | | by the Village of Stone Park. |
4 | | (66) If the ordinance was adopted on December 22, 1986 |
5 | | by the City of DeKalb. |
6 | | (67) If the ordinance was adopted on December 2, 1986 |
7 | | by the City of Aurora.
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8 | | (68) If the ordinance was adopted on December 31, 1986 |
9 | | by the Village of Milan. |
10 | | (69) If the ordinance was adopted on September 8, 1994 |
11 | | by the City of West Frankfort. |
12 | | (70) If the ordinance was adopted on December 23, 1986 |
13 | | by the Village of Libertyville. |
14 | | (71) If the ordinance was adopted on December 22, 1986 |
15 | | by the Village of Hoffman Estates.
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16 | | (72) If the ordinance was adopted on September 17, |
17 | | 1986 by the Village of Sherman.
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18 | | (73) If the ordinance was adopted on December 16, 1986 |
19 | | by the City of Macomb. |
20 | | (74) If the ordinance was adopted on June 11, 2002 by |
21 | | the City of East Peoria to create the West Washington |
22 | | Street TIF. |
23 | | (75) If the ordinance was adopted on June 11, 2002 by |
24 | | the City of East Peoria to create the Camp Street TIF.
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25 | | (76) If the ordinance was adopted on August 7, 2000 by |
26 | | the City of Des Plaines. |
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1 | | (77) If the ordinance was adopted on December 22, 1986 |
2 | | by the City of Washington to create the Washington Square |
3 | | TIF #2. |
4 | | (78) If the ordinance was adopted on December 29, 1986 |
5 | | by the City of Morris.
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6 | | (79) If the ordinance was adopted on July 6, 1998 by |
7 | | the Village of Steeleville. |
8 | | (80) If the ordinance was adopted on December 29, 1986 |
9 | | by the City of Pontiac to create TIF I (the Main St TIF). |
10 | | (81) If the ordinance was adopted on December 29, 1986 |
11 | | by the City of Pontiac to create TIF II (the Interstate |
12 | | TIF). |
13 | | (82) If the ordinance was adopted on November 6, 2002 |
14 | | by the City of Chicago to create the Madden/Wells TIF |
15 | | District. |
16 | | (83) If the ordinance was adopted on November 4, 1998 |
17 | | by the City of Chicago to create the Roosevelt/Racine TIF |
18 | | District. |
19 | | (84) If the ordinance was adopted on June 10, 1998 by |
20 | | the City of Chicago to create the Stony Island |
21 | | Commercial/Burnside Industrial Corridors TIF District. |
22 | | (85) If the ordinance was adopted on November 29, 1989 |
23 | | by the City of Chicago to create the Englewood Mall TIF |
24 | | District. |
25 | | (86) If the ordinance was adopted on December 27, 1986 |
26 | | by the City of Mendota. |
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1 | | (87) If the ordinance was adopted on December 31, 1986 |
2 | | by the Village of Cahokia. |
3 | | (88) If the ordinance was adopted on September 20, |
4 | | 1999 by the City of Belleville. |
5 | | (89) If the ordinance was adopted on December 30, 1986 |
6 | | by the Village of Bellevue to create the Bellevue TIF |
7 | | District 1. |
8 | | (90) If the ordinance was adopted on December 13, 1993 |
9 | | by the Village of Crete. |
10 | | (91) If the ordinance was adopted on February 12, 2001 |
11 | | by the Village of Crete. |
12 | | (92) If the ordinance was adopted on April 23, 2001 by |
13 | | the Village of Crete. |
14 | | (93) If the ordinance was adopted on December 16, 1986 |
15 | | by the City of Champaign. |
16 | | (94) If the ordinance was adopted on December 20, 1986 |
17 | | by the City of Charleston. |
18 | | (95) If the ordinance was adopted on June 6, 1989 by |
19 | | the Village of Romeoville. |
20 | | (96) If the ordinance was adopted on October 14, 1993 |
21 | | and amended on August 2, 2010 by the City of Venice. |
22 | | (97) If the ordinance was adopted on June 1, 1994 by |
23 | | the City of Markham. |
24 | | (98) If the ordinance was adopted on May 19, 1998 by |
25 | | the Village of Bensenville. |
26 | | (99) If the ordinance was adopted on November 12, 1987 |
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1 | | by the City of Dixon. |
2 | | (100) If the ordinance was adopted on December 20, |
3 | | 1988 by the Village of Lansing. |
4 | | (101) If the ordinance was adopted on October 27, 1998 |
5 | | by the City of Moline. |
6 | | (102) If the ordinance was adopted on May 21, 1991 by |
7 | | the Village of Glenwood. |
8 | | (103) If the ordinance was adopted on January 28, 1992 |
9 | | by the City of East Peoria. |
10 | | (104) If the ordinance was adopted on December 14, |
11 | | 1998 by the City of Carlyle. |
12 | | (105) If the ordinance was adopted on May 17, 2000, as |
13 | | subsequently amended, by the City of Chicago to create the |
14 | | Midwest Redevelopment TIF District. |
15 | | (106) If the ordinance was adopted on September 13, |
16 | | 1989 by the City of Chicago to create the Michigan/Cermak |
17 | | Area TIF District. |
18 | | (107) If the ordinance was adopted on March 30, 1992 |
19 | | by the Village of Ohio. |
20 | | (108) If the ordinance was adopted on July 6, 1998 by |
21 | | the Village of Orangeville. |
22 | | (109) If the ordinance was adopted on December 16, |
23 | | 1997 by the Village of Germantown. |
24 | | (110) If the ordinance was adopted on April 28, 2003 |
25 | | by Gibson City. |
26 | | (111) If the ordinance was adopted on December 18, |
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1 | | 1990 by the Village of Washington Park, but only after the |
2 | | Village of Washington Park becomes compliant with the |
3 | | reporting requirements under subsection (d) of Section |
4 | | 11-74.4-5, and after the State Comptroller's certification |
5 | | of such compliance. |
6 | | (112) If the ordinance was adopted on February 28, |
7 | | 2000 by the City of Harvey. |
8 | | (113) If the ordinance was adopted on January 11, 1991 |
9 | | by the City of Chicago to create the Read/Dunning TIF |
10 | | District. |
11 | | (114) If the ordinance was adopted on July 24, 1991 by |
12 | | the City of Chicago to create the Sanitary and Ship Canal |
13 | | TIF District. |
14 | | (115) If the ordinance was adopted on December 4, 2007 |
15 | | by the City of Naperville. |
16 | | (116) If the ordinance was adopted on July 1, 2002 by |
17 | | the Village of Arlington Heights. |
18 | | (117) If the ordinance was adopted on February 11, |
19 | | 1991 by the Village of Machesney Park. |
20 | | (118) If the ordinance was adopted on December 29, |
21 | | 1993 by the City of Ottawa. |
22 | | (119) If the ordinance was adopted on June 4, 1991 by |
23 | | the Village of Lansing. |
24 | | (120) If the ordinance was adopted on February 10, |
25 | | 2004 by the Village of Fox Lake. |
26 | | (121) If the ordinance was adopted on December 22, |
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1 | | 1992 by the City of Fairfield. |
2 | | (122) If the ordinance was adopted on February 10, |
3 | | 1992 by the City of Mt. Sterling. |
4 | | (123) If the ordinance was adopted on March 15, 2004 |
5 | | by the City of Batavia. |
6 | | (124) If the ordinance was adopted on March 18, 2002 |
7 | | by the Village of Lake Zurich. |
8 | | (125) If the ordinance was adopted on September 23, |
9 | | 1997 by the City of Granite City. |
10 | | (126) If the ordinance was adopted on May 8, 2013 by |
11 | | the Village of Rosemont to create the Higgins Road/River |
12 | | Road TIF District No. 6. |
13 | | (127) If the ordinance was adopted on November 22, |
14 | | 1993 by the City of Arcola. |
15 | | (128) If the ordinance was adopted on September 7, |
16 | | 2004 by the City of Arcola. |
17 | | (129) If the ordinance was adopted on November 29, |
18 | | 1999 by the City of Paris. |
19 | | (130) If the ordinance was adopted on September 20, |
20 | | 1994 by the City of Ottawa to create the U.S. Route 6 East |
21 | | Ottawa TIF. |
22 | | (131) If the ordinance was adopted on May 2, 2002 by |
23 | | the Village of Crestwood. |
24 | | (132) If the ordinance was adopted on October 27, 1992 |
25 | | by the City of Blue Island. |
26 | | (133) If the ordinance was adopted on December 23, |
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1 | | 1993 by the City of Lacon. |
2 | | (134) If the ordinance was adopted on May 4, 1998 by |
3 | | the Village of Bradford. |
4 | | (135) If the ordinance was adopted on June 11, 2002 by |
5 | | the City of Oak Forest. |
6 | | (136) If the ordinance was adopted on November 16, |
7 | | 1992 by the City of Pinckneyville. |
8 | | (137) If the ordinance was adopted on March 1, 2001 by |
9 | | the Village of South Jacksonville. |
10 | | (138) If the ordinance was adopted on February 26, |
11 | | 1992 by the City of Chicago to create the Stockyards |
12 | | Southeast Quadrant TIF District. |
13 | | (139) If the ordinance was adopted on January 25, 1993 |
14 | | by the City of LaSalle. |
15 | | (140) If the ordinance was adopted on December 23, |
16 | | 1997 by the Village of Dieterich. |
17 | | (141) If the ordinance was adopted on February 10, |
18 | | 2016 by the Village of Rosemont to create the |
19 | | Balmoral/Pearl TIF No. 8 Tax Increment Financing |
20 | | Redevelopment Project Area. |
21 | | (142) If the ordinance was adopted on June 11, 2002 by |
22 | | the City of Oak Forest. |
23 | | (143) If the ordinance was adopted on January 31, 1995 |
24 | | by the Village of Milledgeville. |
25 | | (144) If the ordinance was adopted on February 5, 1996 |
26 | | by the Village of Pearl City. |
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1 | | (145) If the ordinance was adopted on December 21, |
2 | | 1994 by the City of Calumet City. |
3 | | (146) If the ordinance was adopted on May 5, 2003 by |
4 | | the Town of Normal. |
5 | | (147) If the ordinance was adopted on June 2, 1998 by |
6 | | the City of Litchfield. |
7 | | (148) If the ordinance was adopted on October 23, 1995 |
8 | | by the City of Marion. |
9 | | (149) If the ordinance was adopted on May 24, 2001 by |
10 | | the Village of Hanover Park. |
11 | | (150) If the ordinance was adopted on May 30, 1995 by |
12 | | the Village of Dalzell. |
13 | | (151) If the ordinance was adopted on April 15, 1997 |
14 | | by the City of Edwardsville. |
15 | | (152) If the ordinance was adopted on September 5, |
16 | | 1995 by the City of Granite City. |
17 | | (153) If the ordinance was adopted on June 21, 1999 by |
18 | | the Village of Table Grove. |
19 | | (154) If the ordinance was adopted on February 23, |
20 | | 1995 by the City of Springfield. |
21 | | (155) If the ordinance was adopted on August 11, 1999 |
22 | | by the City of Monmouth. |
23 | | (156) If the ordinance was adopted on December 26, |
24 | | 1995 by the Village of Posen. |
25 | | (157) If the ordinance was adopted on July 1, 1995 by |
26 | | the Village of Caseyville. |
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1 | | (158) If the ordinance was adopted on January 30, 1996 |
2 | | by the City of Madison. |
3 | | (159) If the ordinance was adopted on February 2, 1996 |
4 | | by the Village of Hartford. |
5 | | (160) If the ordinance was adopted on July 2, 1996 by |
6 | | the Village of Manlius. |
7 | | (161) If the ordinance was adopted on March 21, 2000 |
8 | | by the City of Hoopeston. |
9 | | (162) If the ordinance was adopted on March 22, 2005 |
10 | | by the City of Hoopeston. |
11 | | (163) If the ordinance was adopted on July 10, 1996 by |
12 | | the City of Chicago to create the Goose Island TIF |
13 | | District. |
14 | | (164) If the ordinance was adopted on December 11, |
15 | | 1996 by the City of Chicago to create the Bryn |
16 | | Mawr/Broadway TIF District. |
17 | | (165) If the ordinance was adopted on December 31, |
18 | | 1995 by the City of Chicago to create the 95th/Western TIF |
19 | | District. |
20 | | (166) If the ordinance was adopted on October 7, 1998 |
21 | | by the City of Chicago to create the 71st and Stony Island |
22 | | TIF District. |
23 | | (167) If the ordinance was adopted on April 19, 1995 |
24 | | by the Village of North Utica. |
25 | | (168) If the ordinance was adopted on April 22, 1996 |
26 | | by the City of LaSalle. |
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1 | | (169) If the ordinance was adopted on June 9, 2008 by |
2 | | the City of Country Club Hills. |
3 | | (170) If the ordinance was adopted on July 3, 1996 by |
4 | | the Village of Phoenix. |
5 | | (171) If the ordinance was adopted on May 19, 1997 by |
6 | | the Village of Swansea. |
7 | | (172) If the ordinance was adopted on August 13, 2001 |
8 | | by the Village of Saunemin. |
9 | | (173) If the ordinance was adopted on January 10, 2005 |
10 | | by the Village of Romeoville. |
11 | | (174) If the ordinance was adopted on January 28, 1997 |
12 | | by the City of Berwyn for the South Berwyn Corridor Tax |
13 | | Increment Financing District. |
14 | | (175) If the ordinance was adopted on January 28, 1997 |
15 | | by the City of Berwyn for the Roosevelt Road Tax Increment |
16 | | Financing District. |
17 | | (176) If the ordinance was adopted on May 3, 2001 by |
18 | | the Village of Hanover Park for the Village Center Tax |
19 | | Increment Financing Redevelopment Project Area (TIF # 3). |
20 | | (177) If the ordinance was adopted on January 1, 1996 |
21 | | by the City of Savanna. |
22 | | (178) If the ordinance was adopted on January 28, 2002 |
23 | | by the Village of Okawville. |
24 | | (179) If the ordinance was adopted on October 4, 1999 |
25 | | by the City of Vandalia. |
26 | | (180) If the ordinance was adopted on June 16, 2003 by |
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1 | | the City of Rushville. |
2 | | (181) If the ordinance was adopted on December 7, 1998 |
3 | | by the City of Quincy for the Central Business District |
4 | | West Tax Increment Redevelopment Project Area. |
5 | | (182) If the ordinance was adopted on March 27, 1997 |
6 | | by the Village of Maywood approving the Roosevelt Road TIF |
7 | | District. |
8 | | (183) If the ordinance was adopted on March 27, 1997 |
9 | | by the Village of Maywood approving the Madison |
10 | | Street/Fifth Avenue TIF District. |
11 | | (184) If the ordinance was adopted on November 10, |
12 | | 1997 by the Village of Park Forest. |
13 | | (185) If the ordinance was adopted on July 30, 1997 by |
14 | | the City of Chicago to create the Near North TIF district. |
15 | | (186) If the ordinance was adopted on December 1, 2000 |
16 | | by the Village of Mahomet. |
17 | | (187) If the ordinance was adopted on June 16, 1999 by |
18 | | the Village of Washburn. |
19 | | (188) If the ordinance was adopted on August 19, 1998 |
20 | | by the Village of New Berlin. |
21 | | (189) If the ordinance was adopted on February 5, 2002 |
22 | | by the City of Highwood. |
23 | | (190) If the ordinance was adopted on June 1, 1997 by |
24 | | the City of Flora. |
25 | | (191) If the ordinance was adopted on August 17, 1999 |
26 | | by the City of Ottawa. |
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1 | | (192) If the ordinance was adopted on June 13, 2005 by |
2 | | the City of Mount Carroll. |
3 | | (193) If the ordinance was adopted on March 25, 2008 |
4 | | by the Village of Elizabeth. |
5 | | (194) If the ordinance was adopted on February 22, |
6 | | 2000 by the City of Mount Pulaski. |
7 | | (195) If the ordinance was adopted on November 21, |
8 | | 2000 by the City of Effingham. |
9 | | (196) If the ordinance was adopted on January 28, 2003 |
10 | | by the City of Effingham. |
11 | | (197) If the ordinance was adopted on February 4, 2008 |
12 | | by the City of Polo. |
13 | | (198) If the ordinance was adopted on August 17, 2005 |
14 | | by the Village of Bellwood to create the Park Place TIF. |
15 | | (199) If the ordinance was adopted on July 16, 2014 by |
16 | | the Village of Bellwood to create the North-2014 TIF. |
17 | | (200) If the ordinance was adopted on July 16, 2014 by |
18 | | the Village of Bellwood to create the South-2014 TIF. |
19 | | (201) If the ordinance was adopted on July 16, 2014 by |
20 | | the Village of Bellwood to create the Central Metro-2014 |
21 | | TIF. |
22 | | (202) If the ordinance was adopted on September 17, |
23 | | 2014 by the Village of Bellwood to create the Addison |
24 | | Creek "A" (Southwest)-2014 TIF. |
25 | | (203) If the ordinance was adopted on September 17, |
26 | | 2014 by the Village of Bellwood to create the Addison |
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1 | | Creek "B" (Northwest)-2014 TIF. |
2 | | (204) If the ordinance was adopted on September 17, |
3 | | 2014 by the Village of Bellwood to create the Addison |
4 | | Creek "C" (Northeast)-2014 TIF. |
5 | | (205) If the ordinance was adopted on September 17, |
6 | | 2014 by the Village of Bellwood to create the Addison |
7 | | Creek "D" (Southeast)-2014 TIF. |
8 | | (206) If the ordinance was adopted on June 26, 2007 by |
9 | | the City of Peoria. |
10 | | (207) If the ordinance was adopted on October 28, 2008 |
11 | | by the City of Peoria. |
12 | | (208) If the ordinance was adopted on April 4, 2000 by |
13 | | the City of Joliet to create the Joliet City Center TIF |
14 | | District. |
15 | | (209) If the ordinance was adopted on July 8, 1998 by |
16 | | the City of Chicago to create the 43rd/Cottage Grove TIF |
17 | | district. |
18 | | (210) If the ordinance was adopted on July 8, 1998 by |
19 | | the City of Chicago to create the 79th Street Corridor TIF |
20 | | district. |
21 | | (211) If the ordinance was adopted on November 4, 1998 |
22 | | by the City of Chicago to create the Bronzeville TIF |
23 | | district. |
24 | | (212) If the ordinance was adopted on February 5, 1998 |
25 | | by the City of Chicago to create the Homan/Arthington TIF |
26 | | district. |
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1 | | (213) If the ordinance was adopted on December 8, 1998 |
2 | | by the Village of Plainfield. |
3 | | (214) If the ordinance was adopted on July 17, 2000 by |
4 | | the Village of Homer. |
5 | | (215) If the ordinance was adopted on December 27, |
6 | | 2006 by the City of Greenville. |
7 | | (216) If the ordinance was adopted on June 10, 1998 by |
8 | | the City of Chicago to create the Kinzie Industrial TIF |
9 | | district. |
10 | | (217) If the ordinance was adopted on December 2, 1998 |
11 | | by the City of Chicago to create the Northwest Industrial |
12 | | TIF district. |
13 | | (218) If the ordinance was adopted on June 10, 1998 by |
14 | | the City of Chicago to create the Pilsen Industrial TIF |
15 | | district. |
16 | | (219) If the ordinance was adopted on January 14, 1997 |
17 | | by the City of Chicago to create the 35th/Halsted TIF |
18 | | district. |
19 | | (220) If the ordinance was adopted on June 9, 1999 by |
20 | | the City of Chicago to create the Pulaski Corridor TIF |
21 | | district. |
22 | | (221) If the ordinance was adopted on December 16, |
23 | | 1997 by the City of Springfield to create the Enos Park |
24 | | Neighborhood TIF District. |
25 | | (222) If the ordinance was adopted on February 5, 1998 |
26 | | by the City of Chicago to create the Roosevelt/Cicero |
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1 | | redevelopment project area. |
2 | | (223) If the ordinance was adopted on February 5, 1998 |
3 | | by the City of Chicago to create the Western/Ogden |
4 | | redevelopment project area. |
5 | | (224) If the ordinance was adopted on July 21, 1999 by |
6 | | the City of Chicago to create the 24th/Michigan Avenue |
7 | | redevelopment project area. |
8 | | (225) If the ordinance was adopted on January 20, 1999 |
9 | | by the City of Chicago to create the Woodlawn |
10 | | redevelopment project area. |
11 | | (226) If the ordinance was adopted on July 7, 1999 by |
12 | | the City of Chicago to create the Clark/Montrose |
13 | | redevelopment project area. |
14 | | (227) If the ordinance was adopted on November 4, 2003 |
15 | | by the City of Madison to create the Rivers Edge |
16 | | redevelopment project area. |
17 | | (228) If the ordinance was adopted on August 12, 2003 |
18 | | by the City of Madison to create the Caine Street |
19 | | redevelopment project area. |
20 | | (229) If the ordinance was adopted on March 7, 2000 by |
21 | | the City of Madison to create the East Madison TIF. |
22 | | (230) If the ordinance was adopted on August 3, 2001 |
23 | | by the Village of Aviston. |
24 | | (231) If the ordinance was adopted on August 22, 2011 |
25 | | by the Village of Warren. |
26 | | (232) If the ordinance was adopted on April 8, 1999 by |
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1 | | the City of Farmer City. |
2 | | (233) If the ordinance was adopted on August 4, 1999 |
3 | | by the Village of Fairmont City. |
4 | | (234) If the ordinance was adopted on October 2, 1999 |
5 | | by the Village of Fairmont City. |
6 | | (235) If the ordinance was adopted December 16, 1999 |
7 | | by the City of Springfield. |
8 | | (236) If the ordinance was adopted on December 13, |
9 | | 1999 by the Village of Palatine to create the Village of |
10 | | Palatine Downtown Area TIF District. |
11 | | (237) If the ordinance was adopted on September 29, |
12 | | 1999 by the City of Chicago to create the 111th/Kedzie |
13 | | redevelopment project area. |
14 | | (238) If the ordinance was adopted on November 12, |
15 | | 1998 by the City of Chicago to create the Canal/Congress |
16 | | redevelopment project area. |
17 | | (239) If the ordinance was adopted on July 7, 1999 by |
18 | | the City of Chicago to create the Galewood/Armitage |
19 | | Industrial redevelopment project area. |
20 | | (240) If the ordinance was adopted on September 29, |
21 | | 1999 by the City of Chicago to create the Madison/Austin |
22 | | Corridor redevelopment project area. |
23 | | (241) If the ordinance was adopted on April 12, 2000 |
24 | | by the City of Chicago to create the South Chicago |
25 | | redevelopment project area. |
26 | | (242) If the ordinance was adopted on January 9, 2002 |
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1 | | by the Village of Elkhart. |
2 | | (243) If the ordinance was adopted on May 23, 2000 by |
3 | | the City of Robinson to create the West Robinson |
4 | | Industrial redevelopment project area. |
5 | | (244) If the ordinance was adopted on October 9, 2001 |
6 | | by the City of Robinson to create the Downtown Robinson |
7 | | redevelopment project area. |
8 | | (245) If the ordinance was adopted on September 19, |
9 | | 2000 by the Village of Valmeyer. |
10 | | (246) If the ordinance was adopted on April 15, 2002 |
11 | | by the City of McHenry to create the Downtown TIF |
12 | | district. |
13 | | (247) If the ordinance was adopted on February 15, |
14 | | 1999 by the Village of Channahon. |
15 | | (d) For redevelopment project areas for which bonds were |
16 | | issued before
July 29, 1991, or for which contracts were |
17 | | entered into before June 1,
1988, in connection with a |
18 | | redevelopment project in the area within
the State Sales Tax |
19 | | Boundary, the estimated dates of completion of the
|
20 | | redevelopment project and retirement of obligations to finance |
21 | | redevelopment
project costs (including refunding bonds under |
22 | | Section 11-74.4-7) may be extended by municipal ordinance to |
23 | | December 31, 2013.
The termination procedures of subsection |
24 | | (b) of Section 11-74.4-8 are not
required for
these |
25 | | redevelopment project areas in 2009 but are required in 2013.
|
26 | | The extension allowed by Public Act 87-1272 shall not apply to |
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1 | | real
property tax increment allocation financing under Section |
2 | | 11-74.4-8. |
3 | | (e) Those dates, for purposes of real property tax |
4 | | increment allocation
financing pursuant to Section 11-74.4-8 |
5 | | only, shall be not more than 35 years
for redevelopment |
6 | | project areas that were adopted on or after December 16,
1986 |
7 | | and for which at least $8 million worth of municipal bonds were |
8 | | authorized
on or after December 19, 1989 but before January 1, |
9 | | 1990; provided that the
municipality elects to extend the life |
10 | | of the redevelopment project area to 35
years by the adoption |
11 | | of an ordinance after at least 14 but not more than 30
days' |
12 | | written notice to the taxing bodies, that would otherwise |
13 | | constitute the
joint review board for the redevelopment |
14 | | project area, before the adoption of
the ordinance. |
15 | | (f) Those dates, for purposes of real property tax |
16 | | increment allocation
financing pursuant to Section 11-74.4-8 |
17 | | only, shall be not more than 35 years
for redevelopment |
18 | | project areas that were established on or after December 1,
|
19 | | 1981 but before January 1, 1982 and for which at least |
20 | | $1,500,000 worth of
tax increment revenue bonds were |
21 | | authorized
on or after September 30, 1990 but before July 1, |
22 | | 1991; provided that the
municipality elects to extend the life |
23 | | of the redevelopment project area to 35
years by the adoption |
24 | | of an ordinance after at least 14 but not more than 30
days' |
25 | | written notice to the taxing bodies, that would otherwise |
26 | | constitute the
joint review board for the redevelopment |
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1 | | project area, before the adoption of
the ordinance. |
2 | | (f-1) (Blank). |
3 | | (f-2) (Blank). |
4 | | (f-3) (Blank). |
5 | | (f-5) Those dates, for purposes of real property tax |
6 | | increment allocation financing pursuant to Section 11-74.4-8 |
7 | | only, shall be not more than 47 years for redevelopment |
8 | | project areas listed in this subsection; provided that (i) the |
9 | | municipality adopts an ordinance extending the life of the |
10 | | redevelopment project area to 47 years and (ii) the |
11 | | municipality provides notice to the taxing bodies that would |
12 | | otherwise constitute the joint review board for the |
13 | | redevelopment project area not more than 30 and not less than |
14 | | 14 days prior to the adoption of that ordinance: |
15 | | (1) If the redevelopment project area was established
|
16 | | on December 29, 1981 by the City of Springfield. |
17 | | (2) If the redevelopment project area was established |
18 | | on December 29, 1986 by the City of Morris and that is |
19 | | known as the Morris TIF District 1. |
20 | | (3) If the redevelopment project area was established
|
21 | | on December 31, 1986 by the Village of Cahokia. |
22 | | (4) If the redevelopment project area was established
|
23 | | on December 20, 1986 by the City of Charleston. |
24 | | (5) If the redevelopment project area was established
|
25 | | on December 23, 1986 by the City of Beardstown. |
26 | | (6) If the redevelopment project area was established
|
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1 | | on December 23, 1986 by the Town of Cicero. |
2 | | (7) If the redevelopment project area was established
|
3 | | on December 29, 1986 by the City of East St. Louis. |
4 | | (8) If the redevelopment project area was established
|
5 | | on January 23, 1991 by the City of East St. Louis. |
6 | | (9) If the redevelopment project area was established
|
7 | | on December 29, 1986 by the Village of Gardner. |
8 | | (10) If the redevelopment project area was established
|
9 | | on June 11, 2002 by the City of East Peoria to create the |
10 | | West Washington Street TIF. |
11 | | (11) If the redevelopment project area was established
|
12 | | on December 22, 1986 by the City of Washington creating |
13 | | the Washington Square TIF #2. |
14 | | (12) If the redevelopment project area was established
|
15 | | on November 11, 1986 by the City of Pekin. |
16 | | (13) If the redevelopment project area was established |
17 | | on December 30, 1986 by the City of Belleville. |
18 | | (14) If the ordinance was adopted on April 3, 1989 by |
19 | | the City of Chicago Heights. |
20 | | (15) If the redevelopment project area was established |
21 | | on December 29, 1986 by the City of Pontiac to create TIF I |
22 | | (the Main St TIF). |
23 | | (16) If the redevelopment project area was established |
24 | | on December 29, 1986 by the City of Pontiac to create TIF |
25 | | II (the Interstate TIF). |
26 | | (g) In consolidating the material relating to completion |
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1 | | dates from Sections 11-74.4-3 and 11-74.4-7 into this Section, |
2 | | it is not the intent of the General Assembly to make any |
3 | | substantive change in the law, except for the extension of the |
4 | | completion dates for the City of Aurora, the Village of Milan,
|
5 | | the City of West Frankfort, the Village of Libertyville, and |
6 | | the Village of Hoffman Estates set forth under items (67),
|
7 | | (68), (69), (70), and (71) of subsection (c) of this Section. |
8 | | (Source: P.A. 101-274, eff. 8-9-19; 101-618, eff. 12-20-19; |
9 | | 101-647, eff. 6-26-20; 101-662, eff. 4-2-21; 102-117, eff. |
10 | | 7-23-21; 102-424, eff. 8-20-21; 102-425, eff. 8-20-21; |
11 | | 102-446, eff. 8-20-21; 102-473, eff. 8-20-21; 102-627, eff. |
12 | | 8-27-21; 102-675, eff. 11-30-21; 102-745, eff. 5-6-22; |
13 | | 102-818, eff. 5-13-22; 102-1113, eff. 12-21-22.)
|
14 | | Section 99. Effective date. This Act takes effect upon |
15 | | becoming law.".
|