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1 | AN ACT concerning local 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 as follows: | ||||||||||||||||||||||||
6 | (65 ILCS 5/11-74.4-3.5) | ||||||||||||||||||||||||
7 | Sec. 11-74.4-3.5. Completion dates for redevelopment | ||||||||||||||||||||||||
8 | projects. | ||||||||||||||||||||||||
9 | (a) Unless otherwise stated in this Section, the estimated | ||||||||||||||||||||||||
10 | dates of completion
of the redevelopment project and retirement | ||||||||||||||||||||||||
11 | of obligations issued to finance
redevelopment project costs | ||||||||||||||||||||||||
12 | (including refunding bonds under Section 11-74.4-7) may not be
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13 | later than December 31 of the year in which the payment to the | ||||||||||||||||||||||||
14 | municipal
treasurer, as provided in subsection (b) of Section | ||||||||||||||||||||||||
15 | 11-74.4-8 of this Act, is to
be made with respect to ad valorem | ||||||||||||||||||||||||
16 | taxes levied in the 23rd
calendar year after the year in which | ||||||||||||||||||||||||
17 | the ordinance approving the
redevelopment project area was | ||||||||||||||||||||||||
18 | adopted if the ordinance was adopted on or after
January 15, | ||||||||||||||||||||||||
19 | 1981. | ||||||||||||||||||||||||
20 | (b) 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 |
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1 | year in which the payment to the municipal treasurer as | ||||||
2 | provided in subsection (b) of Section 11-74.4-8 of this Act is | ||||||
3 | to be made with respect to ad valorem taxes levied in the 32nd | ||||||
4 | calendar year after the year in which the ordinance approving | ||||||
5 | the redevelopment project area was adopted, if the ordinance | ||||||
6 | was adopted on September 9, 1999 by the Village of Downs. | ||||||
7 | The estimated dates of completion
of the redevelopment | ||||||
8 | project and retirement of obligations issued to finance
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9 | redevelopment project costs (including refunding bonds under | ||||||
10 | Section 11-74.4-7) may not be later than December 31 of the | ||||||
11 | year in which the payment to the municipal
treasurer as | ||||||
12 | provided in subsection (b) of Section 11-74.4-8 of this Act is | ||||||
13 | to
be made with respect to ad valorem taxes levied in the 33rd | ||||||
14 | calendar
year after the year in which the ordinance approving | ||||||
15 | the
redevelopment project area was adopted, if the ordinance | ||||||
16 | was adopted on May 20, 1985 by the Village of Wheeling. | ||||||
17 | The estimated dates of completion of the redevelopment | ||||||
18 | project and retirement of obligations issued to finance | ||||||
19 | redevelopment project costs (including refunding bonds under | ||||||
20 | Section 11-74.4-7) may not be later than December 31 of the | ||||||
21 | year in which the payment to the municipal treasurer as | ||||||
22 | provided in subsection (b) of Section 11-74.4-8 of this Act is | ||||||
23 | to be made with respect to ad valorem taxes levied in the 28th | ||||||
24 | calendar year after the year in which the ordinance approving | ||||||
25 | the redevelopment project area was adopted, if the ordinance | ||||||
26 | was adopted on October 12, 1989 by the City of Lawrenceville. |
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1 | (c) The estimated dates of completion
of the redevelopment | ||||||
2 | project and retirement of obligations issued to finance
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3 | redevelopment project costs (including refunding bonds under | ||||||
4 | Section 11-74.4-7) may not be later than December 31 of the | ||||||
5 | year in which the payment to the municipal
treasurer as | ||||||
6 | provided in subsection (b) of Section 11-74.4-8 of this Act is | ||||||
7 | to
be made with respect to ad valorem taxes levied in the 35th | ||||||
8 | calendar
year after the year in which the ordinance approving | ||||||
9 | the
redevelopment project area was adopted: | ||||||
10 | (1) if the ordinance was adopted before January 15, | ||||||
11 | 1981; | ||||||
12 | (2) if the ordinance was adopted in December 1983, | ||||||
13 | April 1984, July 1985,
or December 1989; | ||||||
14 | (3) if the ordinance was adopted in December 1987 and | ||||||
15 | the redevelopment
project is located within one mile of | ||||||
16 | Midway Airport; | ||||||
17 | (4) if the ordinance was adopted before January 1, 1987 | ||||||
18 | by a municipality in
Mason County; | ||||||
19 | (5) if the municipality is subject to the Local | ||||||
20 | Government Financial Planning
and Supervision Act or the | ||||||
21 | Financially Distressed City Law; | ||||||
22 | (6) if the ordinance was adopted in December 1984 by | ||||||
23 | the Village of Rosemont; | ||||||
24 | (7) if the ordinance was adopted on December 31, 1986 | ||||||
25 | by a municipality
located in Clinton County for which at | ||||||
26 | least $250,000 of tax increment
bonds were authorized on |
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1 | June 17, 1997, or if the ordinance was adopted on
December | ||||||
2 | 31, 1986 by a municipality with a population in 1990 of | ||||||
3 | less than
3,600 that is located in a county with a | ||||||
4 | population in 1990 of less than
34,000 and for which at | ||||||
5 | least $250,000 of tax increment bonds were authorized
on | ||||||
6 | June 17, 1997; | ||||||
7 | (8) if the ordinance was adopted on October 5, 1982 by | ||||||
8 | the City of Kankakee, or if the ordinance was adopted on | ||||||
9 | December 29, 1986 by East St. Louis; | ||||||
10 | (9) if
the ordinance was adopted on November 12, 1991 | ||||||
11 | by the Village of Sauget; | ||||||
12 | (10) if the ordinance was
adopted on February 11, 1985 | ||||||
13 | by the City of Rock Island; | ||||||
14 | (11) if the ordinance was adopted before December 18, | ||||||
15 | 1986 by the City of
Moline; | ||||||
16 | (12) if the ordinance was adopted in September 1988 by | ||||||
17 | Sauk Village; | ||||||
18 | (13) if the ordinance was adopted in October 1993 by | ||||||
19 | Sauk Village; | ||||||
20 | (14) if the ordinance was adopted on December 29, 1986 | ||||||
21 | by the City of Galva; | ||||||
22 | (15) if the ordinance was adopted in March 1991 by the | ||||||
23 | City of Centreville; | ||||||
24 | (16) if the ordinance was adopted on January 23, 1991
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25 | by the City of East St. Louis; | ||||||
26 | (17) if the ordinance was adopted on December 22, 1986 |
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1 | by the City of Aledo; | ||||||
2 | (18) if the ordinance was adopted on February 5, 1990 | ||||||
3 | by the City of Clinton; | ||||||
4 | (19) if the ordinance was adopted on September 6, 1994 | ||||||
5 | by the City of Freeport; | ||||||
6 | (20) if the ordinance was adopted on December 22, 1986 | ||||||
7 | by the City of Tuscola; | ||||||
8 | (21) if the ordinance was adopted on December 23, 1986 | ||||||
9 | by the City of Sparta; | ||||||
10 | (22) if the ordinance was adopted on December 23, 1986 | ||||||
11 | by the City of
Beardstown; | ||||||
12 | (23) if the ordinance was adopted on April 27, 1981, | ||||||
13 | October 21, 1985, or
December 30, 1986 by the City of | ||||||
14 | Belleville; | ||||||
15 | (24) if the ordinance was adopted on December 29, 1986 | ||||||
16 | by the City of
Collinsville; | ||||||
17 | (25) if the ordinance was adopted on September 14, 1994 | ||||||
18 | by the
City of Alton; | ||||||
19 | (26) if the ordinance was adopted on November 11, 1996 | ||||||
20 | by the
City of Lexington; | ||||||
21 | (27) if the ordinance was adopted on November 5, 1984 | ||||||
22 | by
the City of LeRoy; | ||||||
23 | (28) if the ordinance was adopted on April 3, 1991 or
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24 | June 3, 1992 by the City of Markham; | ||||||
25 | (29) if the ordinance was adopted on November 11, 1986 | ||||||
26 | by the City of Pekin; |
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1 | (30) if the ordinance was adopted on December 15, 1981 | ||||||
2 | by the City of Champaign; | ||||||
3 | (31) if the ordinance was adopted on December 15, 1986 | ||||||
4 | by the City of Urbana; | ||||||
5 | (32) if the ordinance was adopted on December 15, 1986 | ||||||
6 | by the Village of Heyworth; | ||||||
7 | (33) if the ordinance was adopted on February 24, 1992 | ||||||
8 | by the Village of Heyworth; | ||||||
9 | (34) if the ordinance was adopted on March 16, 1995 by | ||||||
10 | the Village of Heyworth; | ||||||
11 | (35) if the ordinance was adopted on December 23, 1986 | ||||||
12 | by the Town of Cicero; | ||||||
13 | (36) if the ordinance was adopted on December 30, 1986 | ||||||
14 | by the City of Effingham; | ||||||
15 | (37) if the ordinance was adopted on May 9, 1991 by the | ||||||
16 | Village of
Tilton; | ||||||
17 | (38) if the ordinance was adopted on October 20, 1986 | ||||||
18 | by the City of Elmhurst; | ||||||
19 | (39) if the ordinance was adopted on January 19, 1988 | ||||||
20 | by the City of
Waukegan; | ||||||
21 | (40) if the ordinance was adopted on September 21, 1998 | ||||||
22 | by the City of
Waukegan; | ||||||
23 | (41) if the ordinance was adopted on December 31, 1986 | ||||||
24 | by the City of Sullivan; | ||||||
25 | (42) if the ordinance was adopted on December 23, 1991 | ||||||
26 | by the City of Sullivan; |
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1 | (43) if the ordinance was adopted on December 31, 1986 | ||||||
2 | by the City of Oglesby; | ||||||
3 | (44) if the ordinance was adopted on July 28, 1987 by | ||||||
4 | the City of Marion; | ||||||
5 | (45) if the ordinance was adopted on April 23, 1990 by | ||||||
6 | the City of Marion; | ||||||
7 | (46) if the ordinance was adopted on August 20, 1985 by | ||||||
8 | the Village of Mount Prospect; | ||||||
9 | (47) if the ordinance was adopted on February 2, 1998 | ||||||
10 | by the Village of Woodhull; | ||||||
11 | (48) if the ordinance was adopted on April 20, 1993 by | ||||||
12 | the Village of Princeville; | ||||||
13 | (49) if the ordinance was adopted on July 1, 1986 by | ||||||
14 | the City of Granite City; | ||||||
15 | (50) if the ordinance was adopted on February 2, 1989 | ||||||
16 | by the Village of Lombard; | ||||||
17 | (51) if the ordinance was adopted on December 29, 1986 | ||||||
18 | by the Village of Gardner; | ||||||
19 | (52) if the ordinance was adopted on July 14, 1999 by | ||||||
20 | the Village of Paw Paw; | ||||||
21 | (53) if the ordinance was adopted on November 17, 1986 | ||||||
22 | by the Village of Franklin Park; | ||||||
23 | (54) if the ordinance was adopted on November 20, 1989 | ||||||
24 | by the Village of South Holland; | ||||||
25 | (55) if the ordinance was adopted on July 14, 1992 by | ||||||
26 | the Village of Riverdale; |
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1 | (56) if the ordinance was adopted on December 29, 1986 | ||||||
2 | by the City of Galesburg; | ||||||
3 | (57) if the ordinance was adopted on April 1, 1985 by | ||||||
4 | the City of Galesburg; | ||||||
5 | (58) if the ordinance was adopted on May 21, 1990 by | ||||||
6 | the City of West Chicago; | ||||||
7 | (59) if the ordinance was adopted on December 16, 1986 | ||||||
8 | by the City of Oak Forest; | ||||||
9 | (60) if the ordinance was adopted in 1999 by the City | ||||||
10 | of Villa Grove; | ||||||
11 | (61) if the ordinance was adopted on January 13, 1987 | ||||||
12 | by the Village of Mt. Zion; | ||||||
13 | (62) if the ordinance was adopted on December 30, 1986 | ||||||
14 | by the Village of Manteno; | ||||||
15 | (63) if the ordinance was adopted on April 3, 1989 by | ||||||
16 | the City of Chicago Heights; | ||||||
17 | (64) if the ordinance was adopted on January 6, 1999 by | ||||||
18 | the Village of Rosemont; | ||||||
19 | (65) if the ordinance was adopted on December 19, 2000 | ||||||
20 | by the Village of Stone Park; | ||||||
21 | (66) if the ordinance was adopted on December 22, 1986 | ||||||
22 | by the City of DeKalb; | ||||||
23 | (67) if the ordinance was adopted on December 2, 1986 | ||||||
24 | by the City of Aurora;
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25 | (68)
if the ordinance was adopted on December 31, 1986 | ||||||
26 | by the Village of Milan; |
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1 | (69)
if the ordinance was adopted on September 8, 1994 | ||||||
2 | by the City of West Frankfort; | ||||||
3 | (70) if the ordinance was adopted on December 23, 1986 | ||||||
4 | by the Village of Libertyville; | ||||||
5 | (71) if the ordinance was adopted on December 22, 1986 | ||||||
6 | by the Village of Hoffman Estates;
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7 | (72) if the ordinance was adopted on September 17, 1986 | ||||||
8 | by the Village of Sherman;
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9 | (73) if the ordinance was adopted on December 16, 1986 | ||||||
10 | by the City of Macomb; | ||||||
11 | (74) if the ordinance was adopted on June 11, 2002 by | ||||||
12 | the City of East Peoria to create the West Washington | ||||||
13 | Street TIF; | ||||||
14 | (75) if the ordinance was adopted on June 11, 2002 by | ||||||
15 | the City of East Peoria to create the Camp Street TIF;
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16 | (76) if the ordinance was adopted on August 7, 2000 by | ||||||
17 | the City of Des Plaines; | ||||||
18 | (77) if the ordinance was adopted on December 22, 1986 | ||||||
19 | by the City of Washington to create the Washington Square | ||||||
20 | TIF #2; | ||||||
21 | (78) if the ordinance was adopted on December 29, 1986 | ||||||
22 | by the City of Morris;
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23 | (79) if the ordinance was adopted on July 6, 1998 by | ||||||
24 | the Village of Steeleville; | ||||||
25 | (80) if the ordinance was adopted on December 29, 1986 | ||||||
26 | by the City of Pontiac to create TIF I (the Main St TIF); |
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1 | (81) if the ordinance was adopted on December 29, 1986 | ||||||
2 | by the City of Pontiac to create TIF II (the Interstate | ||||||
3 | TIF); | ||||||
4 | (82) if the ordinance was adopted on November 6, 2002 | ||||||
5 | by the City of Chicago to create the Madden/Wells TIF | ||||||
6 | District; | ||||||
7 | (83) if the ordinance was adopted on November 4, 1998 | ||||||
8 | by the City of Chicago to create the Roosevelt/Racine TIF | ||||||
9 | District; | ||||||
10 | (84) if the ordinance was adopted on June 10, 1998 by | ||||||
11 | the City of Chicago to create the Stony Island | ||||||
12 | Commercial/Burnside Industrial Corridors TIF District; | ||||||
13 | (85) if the ordinance was adopted on November 29, 1989 | ||||||
14 | by the City of Chicago to create the Englewood Mall TIF | ||||||
15 | District; | ||||||
16 | (86) if the ordinance was adopted on December 27, 1986 | ||||||
17 | by the City of Mendota; | ||||||
18 | (87) if the ordinance was adopted on December 31, 1986 | ||||||
19 | by the Village of Cahokia; | ||||||
20 | (88) if the ordinance was adopted on September 20, 1999 | ||||||
21 | by the City of Belleville; | ||||||
22 | (89) if the ordinance was adopted on December 30, 1986 | ||||||
23 | by the Village of Bellevue to create the Bellevue TIF | ||||||
24 | District 1; | ||||||
25 | (90) if the ordinance was adopted on December 13, 1993 | ||||||
26 | by the Village of Crete; |
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1 | (91) if the ordinance was adopted on February 12, 2001 | ||||||
2 | by the Village of Crete; | ||||||
3 | (92) if the ordinance was adopted on April 23, 2001 by | ||||||
4 | the Village of Crete; | ||||||
5 | (93) if the ordinance was adopted on December 16, 1986 | ||||||
6 | by the City of Champaign; | ||||||
7 | (94) if the ordinance was adopted on December 20, 1986 | ||||||
8 | by the City of Charleston; or | ||||||
9 | (95) (94) if the ordinance was adopted on June 6, 1989 | ||||||
10 | by the Village of Romeoville ; . | ||||||
11 | (96) (95) if the ordinance was adopted on October 14, | ||||||
12 | 1993 and amended on August 2, 2010 by the City of Venice ; . | ||||||
13 | (97) (95) if the ordinance was adopted on June 1, 1994 | ||||||
14 | by the City of Markham ; . | ||||||
15 | (98) (95) if the ordinance was adopted on May 19, 1998 | ||||||
16 | by the Village of Bensenville ; or . | ||||||
17 | (99) if the ordinance was adopted on November 12, 1987 | ||||||
18 | by the City of Dixon. | ||||||
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
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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
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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 General Assembly to make any | ||||||
8 | substantive change in the law, except for the extension of the | ||||||
9 | completion dates for the City of Aurora, the Village of Milan,
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10 | the City of West Frankfort, the Village of Libertyville, and | ||||||
11 | the Village of Hoffman Estates set forth under items (67),
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12 | (68), (69), (70), and (71) of subsection (c) of this Section. | ||||||
13 | (Source: P.A. 96-127, eff. 8-4-09; 96-182, eff. 8-10-09; | ||||||
14 | 96-208, eff. 8-10-09; 96-209, eff. 1-1-10; 96-213, eff. | ||||||
15 | 8-10-09; 96-264, eff. 8-11-09; 96-328, eff. 8-11-09; 96-439, | ||||||
16 | eff. 8-14-09; 96-454, eff. 8-14-09; 96-722, eff. 8-25-09; | ||||||
17 | 96-773, eff. 8-28-09; 96-830, eff. 12-4-09; 96-837, eff. | ||||||
18 | 12-16-09; 96-1000, eff. 7-2-10; 96-1359, eff. 7-28-10; | ||||||
19 | 96-1494, eff. 12-30-10; 96-1514, eff. 2-4-11; 96-1552, eff. | ||||||
20 | 3-10-11; 97-93, eff. 1-1-12; 97-372, eff. 8-15-11; 97-600, eff. | ||||||
21 | 8-26-11; revised 9-28-11.)
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22 | Section 99. Effective date. This Act takes effect upon | ||||||
23 | becoming law.
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