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1 | AN ACT concerning government.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Illinois Municipal Code is amended by | ||||||
5 | changing Section 11-74.4-3.5 and by adding Section 11-74.4-8d | ||||||
6 | as follows: | ||||||
7 | (65 ILCS 5/11-74.4-3.5) | ||||||
8 | (Text of Section before amendment by P.A. 95-1028 ) | ||||||
9 | Sec. 11-74.4-3.5. Completion dates for redevelopment | ||||||
10 | projects. | ||||||
11 | (a) Unless otherwise stated in this Section, the estimated | ||||||
12 | dates of completion
of the redevelopment project and retirement | ||||||
13 | of obligations issued to finance
redevelopment project costs | ||||||
14 | (including refunding bonds under Section 11-74.4-7) may not be
| ||||||
15 | later than December 31 of the year in which the payment to the | ||||||
16 | municipal
treasurer, as provided in subsection (b) of Section | ||||||
17 | 11-74.4-8 of this Act, is to
be made with respect to ad valorem | ||||||
18 | taxes levied in the 23rd
calendar year after the year in which | ||||||
19 | the ordinance approving the
redevelopment project area was | ||||||
20 | adopted if the ordinance was adopted on or after
January 15, | ||||||
21 | 1981. | ||||||
22 | (b) The estimated dates of completion
of the redevelopment | ||||||
23 | project and retirement of obligations issued to finance
|
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| |||||||
1 | redevelopment project costs (including refunding bonds under | ||||||
2 | Section 11-74.4-7) may not be later than December 31 of the | ||||||
3 | year in which the payment to the municipal
treasurer as | ||||||
4 | provided in subsection (b) of Section 11-74.4-8 of this Act is | ||||||
5 | to
be made with respect to ad valorem taxes levied in the 33rd | ||||||
6 | calendar
year after the year in which the ordinance approving | ||||||
7 | the
redevelopment project area was adopted, if the ordinance | ||||||
8 | was adopted on May 20, 1985 by the Village of Wheeling. | ||||||
9 | (c) The estimated dates of completion
of the redevelopment | ||||||
10 | project and retirement of obligations issued to finance
| ||||||
11 | redevelopment project costs (including refunding bonds under | ||||||
12 | Section 11-74.4-7) may not be later than December 31 of the | ||||||
13 | year in which the payment to the municipal
treasurer as | ||||||
14 | provided in subsection (b) of Section 11-74.4-8 of this Act is | ||||||
15 | to
be made with respect to ad valorem taxes levied in the 35th | ||||||
16 | calendar
year after the year in which the ordinance approving | ||||||
17 | the
redevelopment project area was adopted: | ||||||
18 | (1) if the ordinance was adopted before January 15, | ||||||
19 | 1981; | ||||||
20 | (2) if the ordinance was adopted in December 1983, | ||||||
21 | April 1984, July 1985,
or December 1989; | ||||||
22 | (3) if the ordinance was adopted in December 1987 and | ||||||
23 | the redevelopment
project is located within one mile of | ||||||
24 | Midway Airport; | ||||||
25 | (4) if the ordinance was adopted before January 1, 1987 | ||||||
26 | by a municipality in
Mason County; |
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| |||||||
1 | (5) if the municipality is subject to the Local | ||||||
2 | Government Financial Planning
and Supervision Act or the | ||||||
3 | Financially Distressed City Law; | ||||||
4 | (6) if the ordinance was adopted in December 1984 by | ||||||
5 | the Village of Rosemont; | ||||||
6 | (7) if the ordinance was adopted on December 31, 1986 | ||||||
7 | by a municipality
located in Clinton County for which at | ||||||
8 | least $250,000 of tax increment
bonds were authorized on | ||||||
9 | June 17, 1997, or if the ordinance was adopted on
December | ||||||
10 | 31, 1986 by a municipality with a population in 1990 of | ||||||
11 | less than
3,600 that is located in a county with a | ||||||
12 | population in 1990 of less than
34,000 and for which at | ||||||
13 | least $250,000 of tax increment bonds were authorized
on | ||||||
14 | June 17, 1997; | ||||||
15 | (8) if the ordinance was adopted on October 5, 1982 by | ||||||
16 | the City of Kankakee, or if the ordinance was adopted on | ||||||
17 | December 29, 1986 by East St. Louis; | ||||||
18 | (9) if
the ordinance was adopted on November 12, 1991 | ||||||
19 | by the Village of Sauget; | ||||||
20 | (10) if the ordinance was
adopted on February 11, 1985 | ||||||
21 | by the City of Rock Island; | ||||||
22 | (11) if the ordinance was adopted before December 18, | ||||||
23 | 1986 by the City of
Moline; | ||||||
24 | (12) if the ordinance was adopted in September 1988 by | ||||||
25 | Sauk Village; | ||||||
26 | (13) if the ordinance was adopted in October 1993 by |
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| |||||||
1 | Sauk Village; | ||||||
2 | (14) if the ordinance was adopted on December 29, 1986 | ||||||
3 | by the City of Galva; | ||||||
4 | (15) if the ordinance was adopted in March 1991 by the | ||||||
5 | City of Centreville; | ||||||
6 | (16) if the ordinance was adopted on January 23, 1991
| ||||||
7 | by the City of East St. Louis; | ||||||
8 | (17) if the ordinance was adopted on December 22, 1986 | ||||||
9 | by the City of Aledo; | ||||||
10 | (18) if the ordinance was adopted on February 5, 1990 | ||||||
11 | by the City of Clinton; | ||||||
12 | (19) if the ordinance was adopted on September 6, 1994 | ||||||
13 | by the City of Freeport; | ||||||
14 | (20) if the ordinance was adopted on December 22, 1986 | ||||||
15 | by the City of Tuscola; | ||||||
16 | (21) if the ordinance was adopted on December 23, 1986 | ||||||
17 | by the City of Sparta; | ||||||
18 | (22) if the ordinance was adopted on December 23, 1986 | ||||||
19 | by the City of
Beardstown; | ||||||
20 | (23) if the ordinance was adopted on April 27, 1981, | ||||||
21 | October 21, 1985, or
December 30, 1986 by the City of | ||||||
22 | Belleville; | ||||||
23 | (24) if the ordinance was adopted on December 29, 1986 | ||||||
24 | by the City of
Collinsville; | ||||||
25 | (25) if the ordinance was adopted on September 14, 1994 | ||||||
26 | by the
City of Alton; |
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| |||||||
1 | (26) if the ordinance was adopted on November 11, 1996 | ||||||
2 | by the
City of Lexington; | ||||||
3 | (27) if the ordinance was adopted on November 5, 1984 | ||||||
4 | by
the City of LeRoy; | ||||||
5 | (28) if the ordinance was adopted on April 3, 1991 or
| ||||||
6 | June 3, 1992 by the City of Markham; | ||||||
7 | (29) if the ordinance was adopted on November 11, 1986 | ||||||
8 | by the City of Pekin; | ||||||
9 | (30) if the ordinance was adopted on December 15, 1981 | ||||||
10 | by the City of Champaign; | ||||||
11 | (31) if the ordinance was adopted on December 15, 1986 | ||||||
12 | by the City of Urbana; | ||||||
13 | (32) if the ordinance was adopted on December 15, 1986 | ||||||
14 | by the Village of Heyworth; | ||||||
15 | (33) if the ordinance was adopted on February 24, 1992 | ||||||
16 | by the Village of Heyworth; | ||||||
17 | (34) if the ordinance was adopted on March 16, 1995 by | ||||||
18 | the Village of Heyworth; | ||||||
19 | (35) if the ordinance was adopted on December 23, 1986 | ||||||
20 | by the Town of Cicero; | ||||||
21 | (36) if the ordinance was adopted on December 30, 1986 | ||||||
22 | by the City of Effingham; | ||||||
23 | (37) if the ordinance was adopted on May 9, 1991 by the | ||||||
24 | Village of
Tilton; | ||||||
25 | (38) if the ordinance was adopted on October 20, 1986 | ||||||
26 | by the City of Elmhurst; |
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| |||||||
1 | (39) if the ordinance was adopted on January 19, 1988 | ||||||
2 | by the City of
Waukegan; | ||||||
3 | (40) if the ordinance was adopted on September 21, 1998 | ||||||
4 | by the City of
Waukegan; | ||||||
5 | (41) if the ordinance was adopted on December 31, 1986 | ||||||
6 | by the City of Sullivan; | ||||||
7 | (42) if the ordinance was adopted on December 23, 1991 | ||||||
8 | by the City of Sullivan; | ||||||
9 | (43) if the ordinance was adopted on December 31, 1986 | ||||||
10 | by the City of Oglesby; | ||||||
11 | (44) if the ordinance was adopted on July 28, 1987 by | ||||||
12 | the City of Marion; | ||||||
13 | (45) if the ordinance was adopted on April 23, 1990 by | ||||||
14 | the City of Marion; | ||||||
15 | (46) if the ordinance was adopted on August 20, 1985 by | ||||||
16 | the Village of Mount Prospect; | ||||||
17 | (47) if the ordinance was adopted on February 2, 1998 | ||||||
18 | by the Village of Woodhull; | ||||||
19 | (48) if the ordinance was adopted on April 20, 1993 by | ||||||
20 | the Village of Princeville; | ||||||
21 | (49) if the ordinance was adopted on July 1, 1986 by | ||||||
22 | the City of Granite City; | ||||||
23 | (50) if the ordinance was adopted on February 2, 1989 | ||||||
24 | by the Village of Lombard; | ||||||
25 | (51) if the ordinance was adopted on December 29, 1986 | ||||||
26 | by the Village of Gardner; |
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1 | (52) if the ordinance was adopted on July 14, 1999 by | ||||||
2 | the Village of Paw Paw; | ||||||
3 | (53) if the ordinance was adopted on November 17, 1986 | ||||||
4 | by the Village of Franklin Park; | ||||||
5 | (54) if the ordinance was adopted on November 20, 1989 | ||||||
6 | by the Village of South Holland; | ||||||
7 | (55) if the ordinance was adopted on July 14, 1992 by | ||||||
8 | the Village of Riverdale; | ||||||
9 | (56) if the ordinance was adopted on December 29, 1986 | ||||||
10 | by the City of Galesburg; | ||||||
11 | (57) if the ordinance was adopted on April 1, 1985 by | ||||||
12 | the City of Galesburg; | ||||||
13 | (58) if the ordinance was adopted on May 21, 1990 by | ||||||
14 | the City of West Chicago; | ||||||
15 | (59) if the ordinance was adopted on December 16, 1986 | ||||||
16 | by the City of Oak Forest; | ||||||
17 | (60) if the ordinance was adopted in 1999 by the City | ||||||
18 | of Villa Grove; | ||||||
19 | (61) if the ordinance was adopted on January 13, 1987 | ||||||
20 | by the Village of Mt. Zion; | ||||||
21 | (62) if the ordinance was adopted on December 30, 1986 | ||||||
22 | by the Village of Manteno; | ||||||
23 | (63) if the ordinance was adopted on April 3, 1989 by | ||||||
24 | the City of Chicago Heights; | ||||||
25 | (64) if the ordinance was adopted on January 6, 1999 by | ||||||
26 | the Village of Rosemont; |
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| |||||||
1 | (65) if the ordinance was adopted on December 19, 2000 | ||||||
2 | by the Village of Stone Park; | ||||||
3 | (66) if the ordinance was adopted on December 22, 1986 | ||||||
4 | by the City of DeKalb; or | ||||||
5 | (67) if the ordinance was adopted on December 2, 1986 | ||||||
6 | by the City of Aurora ; .
| ||||||
7 | (68)
(67) if the ordinance was adopted on December 31, | ||||||
8 | 1986 by the Village of Milan; or | ||||||
9 | (69)
(68) if the ordinance was adopted on September 8, | ||||||
10 | 1994 by the City of West Frankfort ; . | ||||||
11 | (70) if the ordinance was adopted on December 23, 1986 | ||||||
12 | by the Village of Libertyville; | ||||||
13 | (71) if the ordinance was adopted on November 6, 2002 | ||||||
14 | by the City of Chicago to create the Madden/Wells TIF | ||||||
15 | District; | ||||||
16 | (72) if the ordinance was adopted on November 4, 1998 | ||||||
17 | by the City of Chicago to create the Roosevelt/Racine TIF | ||||||
18 | District; | ||||||
19 | (73) 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; or | ||||||
22 | (74) if the ordinance was adopted on November 29, 1989 | ||||||
23 | by the City of Chicago to create the Englewood Mall TIF | ||||||
24 | District. | ||||||
25 | (d) For redevelopment project areas for which bonds were | ||||||
26 | issued before
July 29, 1991, or for which contracts were |
| |||||||
| |||||||
1 | entered into before June 1,
1988, in connection with a | ||||||
2 | redevelopment project in the area within
the State Sales Tax | ||||||
3 | Boundary, the estimated dates of completion of the
| ||||||
4 | redevelopment project and retirement of obligations to finance | ||||||
5 | redevelopment
project costs (including refunding bonds under | ||||||
6 | Section 11-74.4-7) may be extended by municipal ordinance to | ||||||
7 | December 31, 2013.
The termination procedures of subsection (b) | ||||||
8 | of Section 11-74.4-8 are not
required for
these redevelopment | ||||||
9 | project areas in 2009 but are required in 2013.
The extension | ||||||
10 | allowed by Public Act 87-1272 shall not apply to real
property | ||||||
11 | tax increment allocation financing under Section 11-74.4-8. | ||||||
12 | (e) Those dates, for purposes of real property tax | ||||||
13 | increment allocation
financing pursuant to Section 11-74.4-8 | ||||||
14 | only, shall be not more than 35 years
for redevelopment project | ||||||
15 | areas that were adopted on or after December 16,
1986 and for | ||||||
16 | which at least $8 million worth of municipal bonds were | ||||||
17 | authorized
on or after December 19, 1989 but before January 1, | ||||||
18 | 1990; provided that the
municipality elects to extend the life | ||||||
19 | of the redevelopment project area to 35
years by the adoption | ||||||
20 | of an ordinance after at least 14 but not more than 30
days' | ||||||
21 | written notice to the taxing bodies, that would otherwise | ||||||
22 | constitute the
joint review board for the redevelopment project | ||||||
23 | area, before the adoption of
the ordinance. | ||||||
24 | (f) Those dates, for purposes of real property tax | ||||||
25 | increment allocation
financing pursuant to Section 11-74.4-8 | ||||||
26 | only, shall be not more than 35 years
for redevelopment project |
| |||||||
| |||||||
1 | areas that were established on or after December 1,
1981 but | ||||||
2 | before January 1, 1982 and for which at least $1,500,000 worth | ||||||
3 | of
tax increment revenue bonds were authorized
on or after | ||||||
4 | September 30, 1990 but before July 1, 1991; provided that the
| ||||||
5 | municipality elects to extend the life of the redevelopment | ||||||
6 | project area to 35
years by the adoption of an ordinance after | ||||||
7 | at least 14 but not more than 30
days' written notice to the | ||||||
8 | taxing bodies, that would otherwise constitute the
joint review | ||||||
9 | board for the redevelopment project area, before the adoption | ||||||
10 | of
the ordinance. | ||||||
11 | (g) In consolidating the material relating to completion | ||||||
12 | dates from Sections 11-74.4-3 and 11-74.4-7 into this Section, | ||||||
13 | it is not the intent of the 95th General Assembly to make any | ||||||
14 | substantive change in the law, except for the extension of the | ||||||
15 | completion dates date for the City of Aurora , the Village of | ||||||
16 | Milan ,
and the City of West Frankfort , and the Village of | ||||||
17 | Libertyville set forth under items item (67) ,
and (68) , (69), | ||||||
18 | and (70) of subsection (c) of this Section.
| ||||||
19 | (Source: P.A. 95-932, eff. 8-26-08; 95-964, eff. 9-23-08; | ||||||
20 | incorporates P.A. 95-777, eff. 9-22-08; revised 10-14-08.) | ||||||
21 | (Text of Section after amendment by P.A. 95-1028 ) | ||||||
22 | Sec. 11-74.4-3.5. Completion dates for redevelopment | ||||||
23 | projects. | ||||||
24 | (a) Unless otherwise stated in this Section, the estimated | ||||||
25 | dates of completion
of the redevelopment project and retirement |
| |||||||
| |||||||
1 | of obligations issued to finance
redevelopment project costs | ||||||
2 | (including refunding bonds under Section 11-74.4-7) may not be
| ||||||
3 | later than December 31 of the year in which the payment to the | ||||||
4 | municipal
treasurer, as provided in subsection (b) of Section | ||||||
5 | 11-74.4-8 of this Act, is to
be made with respect to ad valorem | ||||||
6 | taxes levied in the 23rd
calendar year after the year in which | ||||||
7 | the ordinance approving the
redevelopment project area was | ||||||
8 | adopted if the ordinance was adopted on or after
January 15, | ||||||
9 | 1981. | ||||||
10 | (b) 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 33rd | ||||||
17 | calendar
year after the year in which the ordinance approving | ||||||
18 | the
redevelopment project area was adopted, if the ordinance | ||||||
19 | was adopted on May 20, 1985 by the Village of Wheeling. | ||||||
20 | (c) The estimated dates of completion
of the redevelopment | ||||||
21 | project and retirement of obligations issued to finance
| ||||||
22 | redevelopment project costs (including refunding bonds under | ||||||
23 | Section 11-74.4-7) may not be later than December 31 of the | ||||||
24 | year in which the payment to the municipal
treasurer as | ||||||
25 | provided in subsection (b) of Section 11-74.4-8 of this Act is | ||||||
26 | to
be made with respect to ad valorem taxes levied in the 35th |
| |||||||
| |||||||
1 | calendar
year after the year in which the ordinance approving | ||||||
2 | the
redevelopment project area was adopted: | ||||||
3 | (1) if the ordinance was adopted before January 15, | ||||||
4 | 1981; | ||||||
5 | (2) if the ordinance was adopted in December 1983, | ||||||
6 | April 1984, July 1985,
or December 1989; | ||||||
7 | (3) if the ordinance was adopted in December 1987 and | ||||||
8 | the redevelopment
project is located within one mile of | ||||||
9 | Midway Airport; | ||||||
10 | (4) if the ordinance was adopted before January 1, 1987 | ||||||
11 | by a municipality in
Mason County; | ||||||
12 | (5) if the municipality is subject to the Local | ||||||
13 | Government Financial Planning
and Supervision Act or the | ||||||
14 | Financially Distressed City Law; | ||||||
15 | (6) if the ordinance was adopted in December 1984 by | ||||||
16 | the Village of Rosemont; | ||||||
17 | (7) if the ordinance was adopted on December 31, 1986 | ||||||
18 | by a municipality
located in Clinton County for which at | ||||||
19 | least $250,000 of tax increment
bonds were authorized on | ||||||
20 | June 17, 1997, or if the ordinance was adopted on
December | ||||||
21 | 31, 1986 by a municipality with a population in 1990 of | ||||||
22 | less than
3,600 that is located in a county with a | ||||||
23 | population in 1990 of less than
34,000 and for which at | ||||||
24 | least $250,000 of tax increment bonds were authorized
on | ||||||
25 | June 17, 1997; | ||||||
26 | (8) if the ordinance was adopted on October 5, 1982 by |
| |||||||
| |||||||
1 | the City of Kankakee, or if the ordinance was adopted on | ||||||
2 | December 29, 1986 by East St. Louis; | ||||||
3 | (9) if
the ordinance was adopted on November 12, 1991 | ||||||
4 | by the Village of Sauget; | ||||||
5 | (10) if the ordinance was
adopted on February 11, 1985 | ||||||
6 | by the City of Rock Island; | ||||||
7 | (11) if the ordinance was adopted before December 18, | ||||||
8 | 1986 by the City of
Moline; | ||||||
9 | (12) if the ordinance was adopted in September 1988 by | ||||||
10 | Sauk Village; | ||||||
11 | (13) if the ordinance was adopted in October 1993 by | ||||||
12 | Sauk Village; | ||||||
13 | (14) if the ordinance was adopted on December 29, 1986 | ||||||
14 | by the City of Galva; | ||||||
15 | (15) if the ordinance was adopted in March 1991 by the | ||||||
16 | City of Centreville; | ||||||
17 | (16) if the ordinance was adopted on January 23, 1991
| ||||||
18 | by the City of East St. Louis; | ||||||
19 | (17) if the ordinance was adopted on December 22, 1986 | ||||||
20 | by the City of Aledo; | ||||||
21 | (18) if the ordinance was adopted on February 5, 1990 | ||||||
22 | by the City of Clinton; | ||||||
23 | (19) if the ordinance was adopted on September 6, 1994 | ||||||
24 | by the City of Freeport; | ||||||
25 | (20) if the ordinance was adopted on December 22, 1986 | ||||||
26 | by the City of Tuscola; |
| |||||||
| |||||||
1 | (21) if the ordinance was adopted on December 23, 1986 | ||||||
2 | by the City of Sparta; | ||||||
3 | (22) if the ordinance was adopted on December 23, 1986 | ||||||
4 | by the City of
Beardstown; | ||||||
5 | (23) if the ordinance was adopted on April 27, 1981, | ||||||
6 | October 21, 1985, or
December 30, 1986 by the City of | ||||||
7 | Belleville; | ||||||
8 | (24) if the ordinance was adopted on December 29, 1986 | ||||||
9 | by the City of
Collinsville; | ||||||
10 | (25) if the ordinance was adopted on September 14, 1994 | ||||||
11 | by the
City of Alton; | ||||||
12 | (26) if the ordinance was adopted on November 11, 1996 | ||||||
13 | by the
City of Lexington; | ||||||
14 | (27) if the ordinance was adopted on November 5, 1984 | ||||||
15 | by
the City of LeRoy; | ||||||
16 | (28) if the ordinance was adopted on April 3, 1991 or
| ||||||
17 | June 3, 1992 by the City of Markham; | ||||||
18 | (29) if the ordinance was adopted on November 11, 1986 | ||||||
19 | by the City of Pekin; | ||||||
20 | (30) if the ordinance was adopted on December 15, 1981 | ||||||
21 | by the City of Champaign; | ||||||
22 | (31) if the ordinance was adopted on December 15, 1986 | ||||||
23 | by the City of Urbana; | ||||||
24 | (32) if the ordinance was adopted on December 15, 1986 | ||||||
25 | by the Village of Heyworth; | ||||||
26 | (33) if the ordinance was adopted on February 24, 1992 |
| |||||||
| |||||||
1 | by the Village of Heyworth; | ||||||
2 | (34) if the ordinance was adopted on March 16, 1995 by | ||||||
3 | the Village of Heyworth; | ||||||
4 | (35) if the ordinance was adopted on December 23, 1986 | ||||||
5 | by the Town of Cicero; | ||||||
6 | (36) if the ordinance was adopted on December 30, 1986 | ||||||
7 | by the City of Effingham; | ||||||
8 | (37) if the ordinance was adopted on May 9, 1991 by the | ||||||
9 | Village of
Tilton; | ||||||
10 | (38) if the ordinance was adopted on October 20, 1986 | ||||||
11 | by the City of Elmhurst; | ||||||
12 | (39) if the ordinance was adopted on January 19, 1988 | ||||||
13 | by the City of
Waukegan; | ||||||
14 | (40) if the ordinance was adopted on September 21, 1998 | ||||||
15 | by the City of
Waukegan; | ||||||
16 | (41) if the ordinance was adopted on December 31, 1986 | ||||||
17 | by the City of Sullivan; | ||||||
18 | (42) if the ordinance was adopted on December 23, 1991 | ||||||
19 | by the City of Sullivan; | ||||||
20 | (43) if the ordinance was adopted on December 31, 1986 | ||||||
21 | by the City of Oglesby; | ||||||
22 | (44) if the ordinance was adopted on July 28, 1987 by | ||||||
23 | the City of Marion; | ||||||
24 | (45) if the ordinance was adopted on April 23, 1990 by | ||||||
25 | the City of Marion; | ||||||
26 | (46) if the ordinance was adopted on August 20, 1985 by |
| |||||||
| |||||||
1 | the Village of Mount Prospect; | ||||||
2 | (47) if the ordinance was adopted on February 2, 1998 | ||||||
3 | by the Village of Woodhull; | ||||||
4 | (48) if the ordinance was adopted on April 20, 1993 by | ||||||
5 | the Village of Princeville; | ||||||
6 | (49) if the ordinance was adopted on July 1, 1986 by | ||||||
7 | the City of Granite City; | ||||||
8 | (50) if the ordinance was adopted on February 2, 1989 | ||||||
9 | by the Village of Lombard; | ||||||
10 | (51) if the ordinance was adopted on December 29, 1986 | ||||||
11 | by the Village of Gardner; | ||||||
12 | (52) if the ordinance was adopted on July 14, 1999 by | ||||||
13 | the Village of Paw Paw; | ||||||
14 | (53) if the ordinance was adopted on November 17, 1986 | ||||||
15 | by the Village of Franklin Park; | ||||||
16 | (54) if the ordinance was adopted on November 20, 1989 | ||||||
17 | by the Village of South Holland; | ||||||
18 | (55) if the ordinance was adopted on July 14, 1992 by | ||||||
19 | the Village of Riverdale; | ||||||
20 | (56) if the ordinance was adopted on December 29, 1986 | ||||||
21 | by the City of Galesburg; | ||||||
22 | (57) if the ordinance was adopted on April 1, 1985 by | ||||||
23 | the City of Galesburg; | ||||||
24 | (58) if the ordinance was adopted on May 21, 1990 by | ||||||
25 | the City of West Chicago; | ||||||
26 | (59) if the ordinance was adopted on December 16, 1986 |
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1 | by the City of Oak Forest; | ||||||
2 | (60) if the ordinance was adopted in 1999 by the City | ||||||
3 | of Villa Grove; | ||||||
4 | (61) if the ordinance was adopted on January 13, 1987 | ||||||
5 | by the Village of Mt. Zion; | ||||||
6 | (62) if the ordinance was adopted on December 30, 1986 | ||||||
7 | by the Village of Manteno; | ||||||
8 | (63) if the ordinance was adopted on April 3, 1989 by | ||||||
9 | the City of Chicago Heights; | ||||||
10 | (64) if the ordinance was adopted on January 6, 1999 by | ||||||
11 | the Village of Rosemont; | ||||||
12 | (65) if the ordinance was adopted on December 19, 2000 | ||||||
13 | by the Village of Stone Park; | ||||||
14 | (66) if the ordinance was adopted on December 22, 1986 | ||||||
15 | by the City of DeKalb; or | ||||||
16 | (67) if the ordinance was adopted on December 2, 1986 | ||||||
17 | by the City of Aurora ; .
| ||||||
18 | (68)
(67) if the ordinance was adopted on December 31, | ||||||
19 | 1986 by the Village of Milan; or | ||||||
20 | (69)
(68) if the ordinance was adopted on September 8, | ||||||
21 | 1994 by the City of West Frankfort ; . | ||||||
22 | (70) if the ordinance was adopted on December 23, 1986 | ||||||
23 | by the Village of Libertyville; | ||||||
24 | (71) if the ordinance was adopted on December 22, 1986 | ||||||
25 | by the Village of Hoffman Estates;
| ||||||
26 | (72) if the ordinance was adopted on November 6, 2002 |
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| |||||||
1 | by the City of Chicago to create the Madden/Wells TIF | ||||||
2 | District; | ||||||
3 | (73) if the ordinance was adopted on November 4, 1998 | ||||||
4 | by the City of Chicago to create the Roosevelt/Racine TIF | ||||||
5 | District; | ||||||
6 | (74) if the ordinance was adopted on June 10, 1998 by | ||||||
7 | the City of Chicago to create the Stony Island | ||||||
8 | Commercial/Burnside Industrial Corridors TIF District; or | ||||||
9 | (75) if the ordinance was adopted on November 29, 1989 | ||||||
10 | by the City of Chicago to create the Englewood Mall TIF | ||||||
11 | District. | ||||||
12 | (d) For redevelopment project areas for which bonds were | ||||||
13 | issued before
July 29, 1991, or for which contracts were | ||||||
14 | entered into before June 1,
1988, in connection with a | ||||||
15 | redevelopment project in the area within
the State Sales Tax | ||||||
16 | Boundary, the estimated dates of completion of the
| ||||||
17 | redevelopment project and retirement of obligations to finance | ||||||
18 | redevelopment
project costs (including refunding bonds under | ||||||
19 | Section 11-74.4-7) may be extended by municipal ordinance to | ||||||
20 | December 31, 2013.
The termination procedures of subsection (b) | ||||||
21 | of Section 11-74.4-8 are not
required for
these redevelopment | ||||||
22 | project areas in 2009 but are required in 2013.
The extension | ||||||
23 | allowed by Public Act 87-1272 shall not apply to real
property | ||||||
24 | tax increment allocation financing under Section 11-74.4-8. | ||||||
25 | (e) Those dates, for purposes of real property tax | ||||||
26 | increment allocation
financing pursuant to Section 11-74.4-8 |
| |||||||
| |||||||
1 | only, shall be not more than 35 years
for redevelopment project | ||||||
2 | areas that were adopted on or after December 16,
1986 and for | ||||||
3 | which at least $8 million worth of municipal bonds were | ||||||
4 | authorized
on or after December 19, 1989 but before January 1, | ||||||
5 | 1990; provided that the
municipality elects to extend the life | ||||||
6 | of the redevelopment project area to 35
years by the adoption | ||||||
7 | of an ordinance after at least 14 but not more than 30
days' | ||||||
8 | written notice to the taxing bodies, that would otherwise | ||||||
9 | constitute the
joint review board for the redevelopment project | ||||||
10 | area, before the adoption of
the ordinance. | ||||||
11 | (f) Those dates, for purposes of real property tax | ||||||
12 | increment allocation
financing pursuant to Section 11-74.4-8 | ||||||
13 | only, shall be not more than 35 years
for redevelopment project | ||||||
14 | areas that were established on or after December 1,
1981 but | ||||||
15 | before January 1, 1982 and for which at least $1,500,000 worth | ||||||
16 | of
tax increment revenue bonds were authorized
on or after | ||||||
17 | September 30, 1990 but before July 1, 1991; provided that the
| ||||||
18 | municipality elects to extend the life of the redevelopment | ||||||
19 | project area to 35
years by the adoption of an ordinance after | ||||||
20 | at least 14 but not more than 30
days' written notice to the | ||||||
21 | taxing bodies, that would otherwise constitute the
joint review | ||||||
22 | board for the redevelopment project area, before the adoption | ||||||
23 | of
the ordinance. | ||||||
24 | (g) In consolidating the material relating to completion | ||||||
25 | dates from Sections 11-74.4-3 and 11-74.4-7 into this Section, | ||||||
26 | it is not the intent of the 95th General Assembly to make any |
| |||||||
| |||||||
1 | substantive change in the law, except for the extension of the | ||||||
2 | completion dates date for the City of Aurora , the Village of | ||||||
3 | Milan ,
and the City of West Frankfort , the Village of | ||||||
4 | Libertyville, and the Village of Hoffman Estates set forth | ||||||
5 | under items item (67) ,
and (68) , (69), (70), and (71) of | ||||||
6 | subsection (c) of this Section.
| ||||||
7 | (Source: P.A. 95-932, eff. 8-26-08; 95-964, eff. 9-23-08; | ||||||
8 | incorporates P.A. 95-777, eff. 9-22-08, and 95-1028, eff. | ||||||
9 | 1-1-10; revised 1-27-09.) | ||||||
10 | (65 ILCS 5/11-74.4-8d new)
| ||||||
11 | Sec. 11-74.4-8d. Website postings; municipalities of | ||||||
12 | 1,000,000 or more. | ||||||
13 | (a) In any municipality with a population of 1,000,000 or | ||||||
14 | more, the following shall be posted on a website maintained by | ||||||
15 | the municipality: | ||||||
16 | (1) Any ordinance designating a redevelopment project | ||||||
17 | area or approving a redevelopment plan, redevelopment | ||||||
18 | project, or redevelopment agreement pursuant to this | ||||||
19 | Division 74.4, including all attachments, and any | ||||||
20 | amendments thereto. | ||||||
21 | (2) Written staff reports presented to a board created | ||||||
22 | in subsection (k) of Section 11-74.4-4. | ||||||
23 | (3) The information required to be submitted pursuant | ||||||
24 | to subsection (d) of Section 11-74.4-5 and any other | ||||||
25 | overviews prepared by the municipality relating to |
| |||||||
| |||||||
1 | redevelopment or financing pursuant to this Division 74.4. | ||||||
2 | (4) Any certificates of completion issued by the | ||||||
3 | municipality or annual employment certifications received | ||||||
4 | by the municipality pursuant to a redevelopment agreement. | ||||||
5 | (b) Except as provided in subsection (c), all ordinances | ||||||
6 | described in paragraph (1) of subsection (a) of this Section | ||||||
7 | shall be made available on the website within 7 business days | ||||||
8 | after the ordinance is passed and published by the | ||||||
9 | municipality. Except as provided in subsection (c), all | ||||||
10 | documents described in paragraphs (2), (3), and (4) of | ||||||
11 | subsection (a) of this Section shall be made available on the | ||||||
12 | website within 14 business days after the document has been | ||||||
13 | completed in final form. | ||||||
14 | (c) The requirements of this Section apply with respect to | ||||||
15 | any redevelopment project area designated or amended on or | ||||||
16 | after July 30, 2004. The ordinances and documents that passed | ||||||
17 | or were completed prior to the effective date of this | ||||||
18 | amendatory Act of the 96th General Assembly shall be made | ||||||
19 | available on the website no later than 30 days after that | ||||||
20 | effective date.
| ||||||
21 | Section 95. No acceleration or delay. Where this Act makes | ||||||
22 | changes in a statute that is represented in this Act by text | ||||||
23 | that is not yet or no longer in effect (for example, a Section | ||||||
24 | represented by multiple versions), the use of that text does | ||||||
25 | not accelerate or delay the taking effect of (i) the changes |
| |||||||
| |||||||
1 | made by this Act or (ii) provisions derived from any other | ||||||
2 | Public Act. | ||||||
3 | Section 99. Effective date. This Act takes effect upon | ||||||
4 | becoming law. |