SB1277 Enrolled

LRB096 08385 RLJ 18497 b






1
    AN ACT concerning local government.

 
2
    Be it enacted by the People of the State of Illinois,
 
3
represented in the General Assembly:


 
4
    Section 5. The Illinois Municipal Code is amended  by 
5
changing Section 11-74.4-3.5 as follows:
 
6
    (65 ILCS 5/11-74.4-3.5)
7
    (Text of Section before amendment by P.A. 95-1028)
8
    Sec. 11-74.4-3.5. Completion dates for redevelopment 
9
projects.
10
    (a) Unless otherwise stated in this Section, the estimated 
11
dates of completion
of the redevelopment project and retirement 
12
of obligations issued to finance
redevelopment project costs 
13
(including refunding bonds under Section 11-74.4-7)  may not be

14
later than December 31 of the year in which the payment to the 
15
municipal
treasurer, as provided in subsection (b) of Section 
16
11-74.4-8 of this Act, is to
be made with respect to ad valorem 
17
taxes levied in the 23rd
calendar year after the year in which 
18
the ordinance approving the
redevelopment project area was 
19
adopted if the ordinance was adopted on or after
January 15, 
20
1981.
21
    (b) The estimated dates of completion
of the redevelopment 
22
project and retirement of obligations issued to finance

23
redevelopment project costs (including refunding bonds under 
 


 






SB1277 Enrolled
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LRB096 08385 RLJ 18497 b




1
Section 11-74.4-7) may not be later than December 31 of the 
2
year in which the payment to the municipal
treasurer as 
3
provided in subsection (b) of Section 11-74.4-8 of this Act is 
4
to
be made with respect to ad valorem taxes levied in the 33rd 
5
calendar
year after the year in which the ordinance approving 
6
the
redevelopment project area was adopted, if the ordinance 
7
was adopted on May 20, 1985 by the Village of Wheeling.
8
    (c) The estimated dates of completion
of the redevelopment 
9
project and retirement of obligations issued to finance

10
redevelopment project costs (including refunding bonds under 
11
Section 11-74.4-7) may not be later than December 31 of the 
12
year in which the payment to the municipal
treasurer as 
13
provided in subsection (b) of Section 11-74.4-8 of this Act is 
14
to
be made with respect to ad valorem taxes levied in the 35th 
15
calendar
year after the year in which the ordinance approving 
16
the
redevelopment project area was adopted:
17
        (1) if the ordinance was adopted before January 15, 
18
    1981;
19
        (2) if the ordinance was adopted in December 1983, 
20
    April 1984, July 1985,
or December 1989;
21
        (3) if the ordinance was adopted in December 1987 and 
22
    the redevelopment
project is located within one mile of 
23
    Midway Airport;
24
        (4) if the ordinance was adopted before January 1, 1987 
25
    by a municipality in
Mason County;
26
        (5) if the municipality is subject to the Local 
 


 






SB1277 Enrolled
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LRB096 08385 RLJ 18497 b




1
    Government Financial Planning
and Supervision Act or the 
2
    Financially Distressed City Law;
3
        (6) if the ordinance was adopted in December 1984 by 
4
    the Village of Rosemont;
5
        (7) if the ordinance was adopted on December 31, 1986 
6
    by a municipality
located in Clinton County for which at 
7
    least $250,000 of tax increment
bonds were authorized on 
8
    June 17, 1997, or if the ordinance was adopted on
December 
9
    31, 1986 by a municipality with a population in 1990 of 
10
    less than
3,600 that is located in a county with a 
11
    population in 1990 of less than
34,000 and for which at 
12
    least $250,000 of tax increment bonds were authorized
on 
13
    June 17, 1997;
14
        (8) if the ordinance was adopted on October 5, 1982 by 
15
    the City of Kankakee, or if the ordinance was adopted on 
16
    December 29, 1986 by East St. Louis;
17
        (9) if
the ordinance was adopted on November 12, 1991 
18
    by the Village of Sauget;
19
        (10) if the ordinance was
adopted on February 11, 1985 
20
    by the City of Rock Island;
21
        (11) if the ordinance was adopted before December 18, 
22
    1986 by the City of
Moline;
23
        (12) if the ordinance was adopted in September 1988 by 
24
    Sauk Village;
25
        (13) if the ordinance was adopted in October 1993 by 
26
    Sauk Village;
 


 






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LRB096 08385 RLJ 18497 b




1
        (14) if the ordinance was adopted on December 29, 1986 
2
    by the City of Galva;
3
        (15) if the ordinance was adopted in March 1991 by the 
4
    City of Centreville;
5
        (16) if the ordinance was adopted on January 23, 1991

6
    by the City of East St. Louis;
7
        (17) if the ordinance was adopted on December 22, 1986 
8
    by the City of Aledo;
9
        (18) if the ordinance was adopted on February 5, 1990 
10
    by the City of Clinton;
11
        (19) if the ordinance was adopted on September 6, 1994 
12
    by the City of Freeport;
13
        (20) if the ordinance was adopted on December 22, 1986 
14
    by the City of Tuscola;
15
        (21) if the ordinance was adopted on December 23, 1986 
16
    by the City of Sparta;
17
        (22) if the ordinance was adopted on December 23, 1986 
18
    by the City of
Beardstown;
19
        (23) if the ordinance was adopted on April 27, 1981, 
20
    October 21, 1985, or
December 30, 1986 by the City of 
21
    Belleville;
22
        (24) if the ordinance was adopted on December 29, 1986 
23
    by the City of
Collinsville;
24
        (25) if the ordinance was adopted on September 14, 1994 
25
    by the
City of Alton;
26
        (26) if the ordinance was adopted on November 11, 1996 
 


 






SB1277 Enrolled
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LRB096 08385 RLJ 18497 b




1
    by the
City of Lexington;
2
        (27) if the ordinance was adopted on November 5, 1984 
3
    by
the City of LeRoy;
4
        (28) if the ordinance was adopted on April 3, 1991 or

5
    June 3, 1992 by the City of Markham;
6
        (29) if the ordinance was adopted on November 11, 1986 
7
    by the City of Pekin;
8
        (30) if the ordinance was adopted on December 15, 1981 
9
    by the City of Champaign;
10
        (31) if the ordinance was adopted on December 15, 1986 
11
    by the City of Urbana;
12
        (32) if the ordinance was adopted on December 15, 1986 
13
    by the Village of Heyworth;
14
        (33) if the ordinance was adopted on February 24, 1992 
15
    by the Village of Heyworth;
16
        (34) if the ordinance was adopted on March 16, 1995 by 
17
    the Village of Heyworth;
18
        (35) if the ordinance was adopted on December 23, 1986 
19
    by the Town of Cicero;
20
        (36) if the ordinance was adopted on December 30, 1986 
21
    by the City of Effingham;
22
        (37) if the ordinance was adopted on May 9, 1991 by the 
23
    Village of
Tilton;
24
        (38) if the ordinance was adopted on October 20, 1986 
25
    by the City of Elmhurst;
26
        (39) if the ordinance was adopted on January 19, 1988 
 


 






SB1277 Enrolled
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LRB096 08385 RLJ 18497 b




1
    by the City of
Waukegan;
2
        (40) if the ordinance was adopted on September 21, 1998 
3
    by the City of
Waukegan;
4
        (41) if the ordinance was adopted on December 31, 1986 
5
    by the City of Sullivan;
6
        (42) if the ordinance was adopted on December 23, 1991 
7
    by the City of Sullivan;
8
        (43) if the ordinance was adopted on December 31, 1986 
9
    by the City of Oglesby;
10
        (44) if the ordinance was adopted on July 28, 1987 by 
11
    the City of Marion;
12
        (45) if the ordinance was adopted on April 23, 1990 by 
13
    the City of Marion;
14
        (46) if the ordinance was adopted on August 20, 1985 by 
15
    the Village of Mount Prospect;
16
        (47) if the ordinance was adopted on February 2, 1998 
17
    by the Village of Woodhull;
18
        (48) if the ordinance was adopted on April 20, 1993 by 
19
    the Village of Princeville;
20
        (49) if the ordinance was adopted on July 1, 1986 by 
21
    the City of Granite City;
22
        (50) if the ordinance was adopted on February 2, 1989 
23
    by the Village of Lombard;
24
        (51) if the ordinance was adopted on December 29, 1986 
25
    by the Village of Gardner;
26
        (52) if the ordinance was adopted on July 14, 1999 by 
 


 






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LRB096 08385 RLJ 18497 b




1
    the Village of Paw Paw;
2
        (53) if the ordinance was adopted on November 17, 1986 
3
    by the Village of Franklin Park;
4
        (54) if the ordinance was adopted on November 20, 1989 
5
    by the Village of South Holland;
6
        (55) if the ordinance was adopted on July 14, 1992 by 
7
    the Village of Riverdale;
8
        (56) if the ordinance was adopted on December 29, 1986 
9
    by the City of Galesburg;
10
        (57) if the ordinance was adopted on April 1, 1985 by 
11
    the City of Galesburg;
12
        (58) if the ordinance was adopted on May 21, 1990 by 
13
    the City of West Chicago;
14
        (59) if the ordinance was adopted on December 16, 1986 
15
    by the City of Oak Forest;
16
        (60) if the ordinance was adopted in 1999 by the City 
17
    of Villa Grove;
18
        (61) if the ordinance was adopted on January 13, 1987 
19
    by the Village of Mt. Zion;
20
        (62) if the ordinance was adopted on December 30, 1986 
21
    by the Village of Manteno;
22
        (63) if the ordinance was adopted on April 3, 1989 by 
23
    the City of Chicago Heights;
24
        (64) if the ordinance was adopted on January 6, 1999 by 
25
    the Village of Rosemont;
26
        (65) if the ordinance was adopted on December 19, 2000 
 


 






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LRB096 08385 RLJ 18497 b




1
    by the Village of Stone Park;
2
        (66) if the ordinance was adopted on December 22, 1986 
3
    by the City of DeKalb; or
4
        (67)  if the ordinance was adopted on December 2, 1986 
5
    by the City of Aurora; .

6
        (68)
(67) if the ordinance was adopted on December 31, 
7
    1986 by the Village of Milan; or
8
        (69)
(68) if the ordinance was adopted on September 8, 
9
    1994 by the City of West Frankfort; .
10
        (70) if the ordinance was adopted on December 23, 1986 
11
    by the Village of Libertyville; or
12
        (72) if the ordinance was adopted on December 22, 1986 
13
    by the City of Washington to create the Washington Square 
14
    TIF #2.
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 (b) 
24
of Section 11-74.4-8 are not
required for
these redevelopment 
25
project areas in 2009 but are required in 2013.
The extension 
26
allowed by Public Act 87-1272 shall not apply to real
property 
 


 






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LRB096 08385 RLJ 18497 b




1
tax increment allocation financing under Section 11-74.4-8.
2
    (e) Those dates, for purposes of real property tax 
3
increment allocation
financing pursuant to Section 11-74.4-8 
4
only, shall be not more than 35 years
for redevelopment project 
5
areas that were adopted on or after December 16,
1986 and for 
6
which at least $8 million worth of municipal bonds were 
7
authorized
on or after December 19, 1989 but before January 1, 
8
1990; provided that the
municipality elects to extend the life 
9
of the redevelopment project area to 35
years by the adoption 
10
of an ordinance after at least 14 but not more than 30
days' 
11
written notice to the taxing bodies, that would otherwise 
12
constitute the
joint review board for the redevelopment project 
13
area, before the adoption of
the ordinance.
14
    (f) Those dates, for purposes of real property tax 
15
increment allocation
financing pursuant to Section 11-74.4-8 
16
only, shall be not more than 35 years
for redevelopment project 
17
areas that were established on or after December 1,
1981 but 
18
before January 1, 1982 and for which at least $1,500,000 worth 
19
of
tax increment revenue bonds were authorized
on or after 
20
September 30, 1990 but before July 1, 1991; provided that the

21
municipality elects to extend the life of the redevelopment 
22
project area to 35
years by the adoption of an ordinance after 
23
at least 14 but not more than 30
days' written notice to the 
24
taxing bodies, that would otherwise constitute the
joint review 
25
board for the redevelopment project area, before the adoption 
26
of
the ordinance.
 


 






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LRB096 08385 RLJ 18497 b




1
    (g) In consolidating the material relating to completion 
2
dates from Sections 11-74.4-3 and 11-74.4-7 into this Section, 
3
it is not the intent of the 95th General Assembly to make any 
4
substantive change in the law, except for the extension of the 
5
completion dates date for the City of Aurora, the Village of 
6
Milan,
and the City of West Frankfort, and the Village of 
7
Libertyville set forth under items item (67),
and (68), (69), 
8
and (70) of subsection (c) of this Section. 

9
(Source: P.A. 95-932, eff. 8-26-08; 95-964, eff. 9-23-08; 
10
incorporates P.A. 95-777, eff. 9-22-08; revised 10-14-08.)
 
11
    (Text of Section after amendment by P.A. 95-1028)
12
    Sec. 11-74.4-3.5. Completion dates for redevelopment 
13
projects.
14
    (a) Unless otherwise stated in this Section, the estimated 
15
dates of completion
of the redevelopment project and retirement 
16
of obligations issued to finance
redevelopment project costs 
17
(including refunding bonds under Section 11-74.4-7)  may not be

18
later than December 31 of the year in which the payment to the 
19
municipal
treasurer, as provided in subsection (b) of Section 
20
11-74.4-8 of this Act, is to
be made with respect to ad valorem 
21
taxes levied in the 23rd
calendar year after the year in which 
22
the ordinance approving the
redevelopment project area was 
23
adopted if the ordinance was adopted on or after
January 15, 
24
1981.
25
    (b) The estimated dates of completion
of the redevelopment 
 


 






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LRB096 08385 RLJ 18497 b




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 33rd 
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 May 20, 1985 by the Village of Wheeling.
10
    (c) The estimated dates of completion
of the redevelopment 
11
project and retirement of obligations issued to finance

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, 1987 
 


 






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LRB096 08385 RLJ 18497 b




1
    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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LRB096 08385 RLJ 18497 b




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

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, 1994 
 


 






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LRB096 08385 RLJ 18497 b




1
    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

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, 1998 
5
    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 by 
17
    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 by 
 


 






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1
    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; or
6
        (67)  if the ordinance was adopted on December 2, 1986 
7
    by the City of Aurora; .

8
        (68)
(67) if the ordinance was adopted on December 31, 
9
    1986 by the Village of Milan; or
10
        (69)
(68) if the ordinance was adopted on September 8, 
11
    1994 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; or

16
        (72) if the ordinance was adopted on December 22, 1986 
17
    by the City  of Washington to create the Washington Square 
18
    TIF #2.

19
    (d) For redevelopment project areas for which bonds were 
20
issued before
July 29, 1991, or for which contracts were 
21
entered into before June 1,
1988, in connection with a 
22
redevelopment project in the area within
the State Sales Tax 
23
Boundary, the estimated dates of completion of the

24
redevelopment project and retirement of obligations to finance 
25
redevelopment
project costs (including refunding bonds under 
26
Section 11-74.4-7) may be  extended by municipal ordinance to 
 


 






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1
December 31, 2013.
The termination procedures of subsection (b) 
2
of Section 11-74.4-8 are not
required for
these redevelopment 
3
project areas in 2009 but are required in 2013.
The extension 
4
allowed by Public Act 87-1272 shall not apply to real
property 
5
tax increment allocation financing under Section 11-74.4-8.
6
    (e) Those dates, for purposes of real property tax 
7
increment allocation
financing pursuant to Section 11-74.4-8 
8
only, shall be not more than 35 years
for redevelopment project 
9
areas that were adopted on or after December 16,
1986 and for 
10
which at least $8 million worth of municipal bonds were 
11
authorized
on or after December 19, 1989 but before January 1, 
12
1990; provided that the
municipality elects to extend the life 
13
of the redevelopment project area to 35
years by the adoption 
14
of an ordinance after at least 14 but not more than 30
days' 
15
written notice to the taxing bodies, that would otherwise 
16
constitute the
joint review board for the redevelopment project 
17
area, before the adoption of
the ordinance.
18
    (f) Those dates, for purposes of real property tax 
19
increment allocation
financing pursuant to Section 11-74.4-8 
20
only, shall be not more than 35 years
for redevelopment project 
21
areas that were established on or after December 1,
1981 but 
22
before January 1, 1982 and for which at least $1,500,000 worth 
23
of
tax increment revenue bonds were authorized
on or after 
24
September 30, 1990 but before July 1, 1991; provided that the

25
municipality elects to extend the life of the redevelopment 
26
project area to 35
years by the adoption of an ordinance after 
 


 






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1
at least 14 but not more than 30
days' written notice to the 
2
taxing bodies, that would otherwise constitute the
joint review 
3
board for the redevelopment project area, before the adoption 
4
of
the ordinance.
5
    (g) In consolidating the material relating to completion 
6
dates from Sections 11-74.4-3 and 11-74.4-7 into this Section, 
7
it is not the intent of the 95th General Assembly to make any 
8
substantive change in the law, except for the extension of the 
9
completion dates date for the City of Aurora, the Village of 
10
Milan,
and the City of West Frankfort, the Village of 
11
Libertyville, and the Village of Hoffman Estates set forth 
12
under items item (67),
and (68), (69), (70), and (71) of 
13
subsection (c) of this Section. 

14
(Source: P.A. 95-932, eff. 8-26-08; 95-964, eff. 9-23-08; 
15
incorporates P.A. 95-777, eff. 9-22-08, and 95-1028, eff. 
16
1-1-10; revised 1-27-09.)
 
17
    Section 95. No acceleration or delay. Where this Act makes 
18
changes in a statute that is represented in this Act by text 
19
that is not yet or no longer in effect (for example, a Section 
20
represented by multiple versions), the use of that text does 
21
not accelerate or delay the taking effect of (i) the changes 
22
made by this Act or (ii) provisions derived from any other 
23
Public Act.
 

24
    Section 99. Effective date. This Act takes effect upon 
25
becoming law.