HB1086 Engrossed

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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 
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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 
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projects.
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    (a) Unless otherwise stated in this Section, the estimated 
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dates of completion
of the redevelopment project and retirement 
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of obligations issued to finance
redevelopment project costs 
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(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 
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municipal
treasurer, as provided in subsection (b) of Section 
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11-74.4-8 of this Act, is to
be made with respect to ad valorem 
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taxes levied in the 23rd
calendar year after the year in which 
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the ordinance approving the
redevelopment project area was 
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adopted if the ordinance was adopted on or after
January 15, 
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1981.
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    (b) The estimated dates of completion
of the redevelopment 
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project and retirement of obligations issued to finance

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redevelopment project costs (including refunding bonds under 
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Section 11-74.4-7) may not be later than December 31 of the 
 


 






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year in which the payment to the municipal
treasurer as 
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provided in subsection (b) of Section 11-74.4-8 of this Act is 
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to
be made with respect to ad valorem taxes levied in the 33rd 
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calendar
year after the year in which the ordinance approving 
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the
redevelopment project area was adopted, if the ordinance 
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was adopted on May 20, 1985 by the Village of Wheeling.
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    (c) The estimated dates of completion
of the redevelopment 
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project and retirement of obligations issued to finance

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redevelopment project costs (including refunding bonds under 
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Section 11-74.4-7) may not be later than December 31 of the 
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year in which the payment to the municipal
treasurer as 
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provided in subsection (b) of Section 11-74.4-8 of this Act is 
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to
be made with respect to ad valorem taxes levied in the 35th 
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calendar
year after the year in which the ordinance approving 
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the
redevelopment project area was adopted:
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        (1) if the ordinance was adopted before January 15, 
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    1981;
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        (2) if the ordinance was adopted in December 1983, 
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    April 1984, July 1985,
or December 1989;
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        (3) if the ordinance was adopted in December 1987 and 
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    the redevelopment
project is located within one mile of 
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    Midway Airport;
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        (4) if the ordinance was adopted before January 1, 1987 
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    by a municipality in
Mason County;
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        (5) if the municipality is subject to the Local 
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    Government Financial Planning
and Supervision Act or the 
 


 






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    Financially Distressed City Law;
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        (6) if the ordinance was adopted in December 1984 by 
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    the Village of Rosemont;
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        (7) if the ordinance was adopted on December 31, 1986 
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    by a municipality
located in Clinton County for which at 
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    least $250,000 of tax increment
bonds were authorized on 
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    June 17, 1997, or if the ordinance was adopted on
December 
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    31, 1986 by a municipality with a population in 1990 of 
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    less than
3,600 that is located in a county with a 
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    population in 1990 of less than
34,000 and for which at 
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    least $250,000 of tax increment bonds were authorized
on 
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    June 17, 1997;
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        (8) if the ordinance was adopted on October 5, 1982 by 
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    the City of Kankakee, or if the ordinance was adopted on 
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    December 29, 1986 by East St. Louis;
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        (9) if
the ordinance was adopted on November 12, 1991 
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    by the Village of Sauget;
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        (10) if the ordinance was
adopted on February 11, 1985 
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    by the City of Rock Island;
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        (11) if the ordinance was adopted before December 18, 
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    1986 by the City of
Moline;
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        (12) if the ordinance was adopted in September 1988 by 
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    Sauk Village;
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        (13) if the ordinance was adopted in October 1993 by 
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    Sauk Village;
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        (14) if the ordinance was adopted on December 29, 1986 
 


 






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    by the City of Galva;
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        (15) if the ordinance was adopted in March 1991 by the 
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    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;
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        (17) if the ordinance was adopted on December 22, 1986 
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    by the City of Aledo;
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        (18) if the ordinance was adopted on February 5, 1990 
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    by the City of Clinton;
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        (19) if the ordinance was adopted on September 6, 1994 
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    by the City of Freeport;
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        (20) if the ordinance was adopted on December 22, 1986 
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    by the City of Tuscola;
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        (21) if the ordinance was adopted on December 23, 1986 
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    by the City of Sparta;
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        (22) if the ordinance was adopted on December 23, 1986 
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    by the City of
Beardstown;
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        (23) if the ordinance was adopted on April 27, 1981, 
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    October 21, 1985, or
December 30, 1986 by the City of 
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    Belleville;
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        (24) if the ordinance was adopted on December 29, 1986 
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    by the City of
Collinsville;
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        (25) if the ordinance was adopted on September 14, 1994 
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    by the
City of Alton;
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        (26) if the ordinance was adopted on November 11, 1996 
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    by the
City of Lexington;
 


 






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        (27) if the ordinance was adopted on November 5, 1984 
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    by
the City of LeRoy;
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        (28) if the ordinance was adopted on April 3, 1991 or

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    June 3, 1992 by the City of Markham;
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        (29) if the ordinance was adopted on November 11, 1986 
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    by the City of Pekin;
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        (30) if the ordinance was adopted on December 15, 1981 
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    by the City of Champaign;
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        (31) if the ordinance was adopted on December 15, 1986 
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    by the City of Urbana;
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        (32) if the ordinance was adopted on December 15, 1986 
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    by the Village of Heyworth;
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        (33) if the ordinance was adopted on February 24, 1992 
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    by the Village of Heyworth;
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        (34) if the ordinance was adopted on March 16, 1995 by 
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    the Village of Heyworth;
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        (35) if the ordinance was adopted on December 23, 1986 
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    by the Town of Cicero;
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        (36) if the ordinance was adopted on December 30, 1986 
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    by the City of Effingham;
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        (37) if the ordinance was adopted on May 9, 1991 by the 
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    Village of
Tilton;
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        (38) if the ordinance was adopted on October 20, 1986 
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    by the City of Elmhurst;
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        (39) if the ordinance was adopted on January 19, 1988 
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    by the City of
Waukegan;
 


 






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        (40) if the ordinance was adopted on September 21, 1998 
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    by the City of
Waukegan;
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        (41) if the ordinance was adopted on December 31, 1986 
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    by the City of Sullivan;
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        (42) if the ordinance was adopted on December 23, 1991 
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    by the City of Sullivan;
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        (43) if the ordinance was adopted on December 31, 1986 
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    by the City of Oglesby;
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        (44) if the ordinance was adopted on July 28, 1987 by 
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    the City of Marion;
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        (45) if the ordinance was adopted on April 23, 1990 by 
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    the City of Marion;
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        (46) if the ordinance was adopted on August 20, 1985 by 
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    the Village of Mount Prospect;
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        (47) if the ordinance was adopted on February 2, 1998 
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    by the Village of Woodhull;
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        (48) if the ordinance was adopted on April 20, 1993 by 
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    the Village of Princeville;
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        (49) if the ordinance was adopted on July 1, 1986 by 
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    the City of Granite City;
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        (50) if the ordinance was adopted on February 2, 1989 
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    by the Village of Lombard;
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        (51) if the ordinance was adopted on December 29, 1986 
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    by the Village of Gardner;
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        (52) if the ordinance was adopted on July 14, 1999 by 
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    the Village of Paw Paw;
 


 






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        (53) if the ordinance was adopted on November 17, 1986 
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    by the Village of Franklin Park;
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        (54) if the ordinance was adopted on November 20, 1989 
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    by the Village of South Holland;
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        (55) if the ordinance was adopted on July 14, 1992 by 
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    the Village of Riverdale;
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        (56) if the ordinance was adopted on December 29, 1986 
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    by the City of Galesburg;
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        (57) if the ordinance was adopted on April 1, 1985 by 
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    the City of Galesburg;
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        (58) if the ordinance was adopted on May 21, 1990 by 
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    the City of West Chicago;
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        (59) if the ordinance was adopted on December 16, 1986 
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    by the City of Oak Forest;
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        (60) if the ordinance was adopted in 1999 by the City 
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    of Villa Grove;
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        (61) if the ordinance was adopted on January 13, 1987 
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    by the Village of Mt. Zion;
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        (62) if the ordinance was adopted on December 30, 1986 
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    by the Village of Manteno;
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        (63) if the ordinance was adopted on April 3, 1989 by 
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    the City of Chicago Heights;
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        (64) if the ordinance was adopted on January 6, 1999 by 
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    the Village of Rosemont;
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        (65) if the ordinance was adopted on December 19, 2000 
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    by the Village of Stone Park;
 


 






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        (66) if the ordinance was adopted on December 22, 1986 
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    by the City of DeKalb; or
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        (67)  if the ordinance was adopted on December 2, 1986 
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    by the City of Aurora; .

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        (68)
(67) if the ordinance was adopted on December 31, 
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    1986 by the Village of Milan; or
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        (69)
(68) if the ordinance was adopted on September 8, 
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    1994 by the City of West Frankfort; .
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        (70) if the ordinance was adopted on December 23, 1986 
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    by the Village of Libertyville; or
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        (71) if the ordinance was adopted on July 6, 1998 by 
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    the Village of Steeleville.
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    (d) For redevelopment project areas for which bonds were 
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issued before
July 29, 1991, or for which contracts were 
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entered into before June 1,
1988, in connection with a 
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redevelopment project in the area within
the State Sales Tax 
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Boundary, the estimated dates of completion of the

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redevelopment project and retirement of obligations to finance 
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redevelopment
project costs (including refunding bonds under 
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Section 11-74.4-7) may be  extended by municipal ordinance to 
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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 
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project areas in 2009 but are required in 2013.
The extension 
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allowed by Public Act 87-1272 shall not apply to real
property 
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tax increment allocation financing under Section 11-74.4-8.
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    (e) Those dates, for purposes of real property tax 
 


 






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increment allocation
financing pursuant to Section 11-74.4-8 
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only, shall be not more than 35 years
for redevelopment project 
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areas that were adopted on or after December 16,
1986 and for 
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which at least $8 million worth of municipal bonds were 
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authorized
on or after December 19, 1989 but before January 1, 
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1990; provided that the
municipality elects to extend the life 
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of the redevelopment project area to 35
years by the adoption 
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of an ordinance after at least 14 but not more than 30
days' 
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written notice to the taxing bodies, that would otherwise 
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constitute the
joint review board for the redevelopment project 
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area, before the adoption of
the ordinance.
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    (f) Those dates, for purposes of real property tax 
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increment allocation
financing pursuant to Section 11-74.4-8 
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only, shall be not more than 35 years
for redevelopment project 
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areas that were established on or after December 1,
1981 but 
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before January 1, 1982 and for which at least $1,500,000 worth 
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of
tax increment revenue bonds were authorized
on or after 
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September 30, 1990 but before July 1, 1991; provided that the

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municipality elects to extend the life of the redevelopment 
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project area to 35
years by the adoption of an ordinance after 
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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 
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board for the redevelopment project area, before the adoption 
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of
the ordinance.
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    (g) In consolidating the material relating to completion 
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dates from Sections 11-74.4-3 and 11-74.4-7 into this Section, 
 


 






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it is not the intent of the 95th General Assembly to make any 
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substantive change in the law, except for the extension of the 
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completion dates date for the City of Aurora, the Village of 
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Milan,
and the City of West Frankfort, and the Village of 
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Libertyville set forth under items item (67),
and (68), (69), 
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and (70) of subsection (c) of this Section. 

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(Source: P.A. 95-932, eff. 8-26-08; 95-964, eff. 9-23-08; 
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incorporates P.A. 95-777, eff. 9-22-08; revised 10-14-08.)

 
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    Section 99. Effective date. This Act takes effect upon 
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becoming law.