HB5438 EnrolledLRB098 15930 JLK 54571 b

1    AN ACT concerning local government.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Governmental Account Audit Act is amended by
5changing Section 4 as follows:
 
6    (50 ILCS 310/4)  (from Ch. 85, par. 704)
7    Sec. 4. Overdue report.
8    (a) If the required report for a governmental unit is not
9filed with the Comptroller in accordance with Section 2 or
10Section 3, whichever is applicable, within 6 months after the
11close of the fiscal year of the governmental unit, the
12Comptroller shall notify the governing body of that unit in
13writing that the report is due and may also grant a 60 day
14extension for the filing of the audit report. If the required
15report is not filed within the time specified in such written
16notice, the Comptroller shall cause an audit to be made by a
17licensed public accountant, and the governmental unit shall pay
18to the Comptroller actual compensation and expenses to
19reimburse him for the cost of preparing or completing such
20report.
21    (b) The Comptroller may decline to order an audit and the
22preparation of an audit report (i) if an initial examination of
23the books and records of the governmental unit indicates that

 

 

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1the books and records of the governmental unit are inadequate
2or unavailable due to the passage of time or the occurrence of
3a natural disaster or (ii) if the Comptroller determines that
4the cost of an audit would impose an unreasonable financial
5burden on the governmental unit.
6    (c) The State Comptroller may grant extensions for
7delinquent audits or reports. The Comptroller may charge a
8governmental unit a fee for a delinquent audit or report of $5
9per day for the first 15 days past due, $10 per day for 16
10through 30 days past due, $15 per day for 31 through 45 days
11past due, and $20 per day for the 46th day and every day
12thereafter. These amounts may be reduced at the Comptroller's
13discretion. All fees collected under this subsection (c) shall
14be deposited into the Comptroller's Administrative Fund.
15(Source: P.A. 97-890, eff. 8-2-12; 97-1142, eff. 12-28-12.)
 
16    Section 10. The Counties Code is amended by changing
17Section 6-31004 as follows:
 
18    (55 ILCS 5/6-31004)  (from Ch. 34, par. 6-31004)
19    Sec. 6-31004. Overdue reports.
20    (a) In the event the required reports for a county are not
21filed with the Comptroller in accordance with Section 6-31003
22within 6 months after the close of the fiscal year of the
23county, the Comptroller shall notify the county board in
24writing that the reports are due, and may also grant an

 

 

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1extension of time of up to 60 days for the filing of the
2reports. In the event the required reports are not filed within
3the time specified in such written notice, the Comptroller
4shall cause the audit to be made and the audit report prepared
5by an accountant or accountants.
6    (b) The Comptroller may decline to order an audit and the
7preparation of an audit report if an initial examination of the
8books and records of the governmental unit indicates that the
9books and records of the governmental unit are inadequate or
10unavailable due to the passage of time or the occurrence of a
11natural disaster.
12    (c) The State Comptroller may grant extensions for
13delinquent audits or reports. The Comptroller may charge a
14county a fee for a delinquent audit or report of $5 per day for
15the first 15 days past due, $10 per day for 16 through 30 days
16past due, $15 per day for 31 through 45 days past due, and $20
17per day for the 46th day and every day thereafter. These
18amounts may be reduced at the Comptroller's discretion. All
19fees collected under this subsection (c) shall be deposited
20into the Comptroller's Administrative Fund.
21(Source: P.A. 97-890, eff. 8-2-12; 97-1142, eff. 12-28-12.)
 
22    Section 15. The Illinois Municipal Code is amended by
23changing Sections 8-8-3.5, 8-8-4, 11-74.4-5 and 11-74.6-22 as
24follows:
 

 

 

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1    (65 ILCS 5/8-8-3.5)
2    Sec. 8-8-3.5. Tax Increment Financing Report. The reports
3filed under subsection (d) of Section 11-74.4-5 of the Tax
4Increment Allocation Redevelopment Act and the reports filed
5under subsection (d) of Section 11-74.6-22 of the Industrial
6Jobs Recovery Law in the Illinois Municipal Code must be
7separate from any other annual report filed with the
8Comptroller. The Comptroller must, in cooperation with
9reporting municipalities, create a format for the reporting of
10information described in paragraphs (1.5) and (5) and in
11subparagraph (G) of paragraph (7) of subsection (d) of Section
1211-74.4-5 of the Tax Increment Allocation Redevelopment Act and
13the information described in paragraphs (1.5) and (5) and in
14subparagraph (G) of paragraph (7) of subsection (d) of Section
1511-74.6-22 of the Industrial Jobs Recovery Law that facilitates
16consistent reporting among the reporting municipalities. The
17Comptroller may allow these reports to be filed electronically
18and may display the report, or portions of the report,
19electronically via the Internet. All reports filed under this
20Section must be made available for examination and copying by
21the public at all reasonable times. A Tax Increment Financing
22Report must be filed electronically with the Comptroller within
23180 days after the close of the municipal fiscal year or as
24soon thereafter as the audit for the redevelopment project area
25for that fiscal year becomes available. If the Tax Increment
26Finance administrator provides the Comptroller's office with

 

 

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1sufficient evidence that the report is in the process of being
2completed by an auditor, the Comptroller may grant an
3extension. If the required report is not filed within the time
4extended by the Comptroller, the Comptroller shall notify the
5corporate authorities of that municipality that the audit
6report is past due. The the Comptroller may charge a
7municipality a fee of $5 per day for the first 15 days past
8due, $10 per day for 16 through 30 days past due, $15 per day
9for 31 through 45 days past due, and $20 per day for the 46th
10day and every day thereafter. These amounts may be reduced at
11the Comptroller's discretion. In the event the required audit
12report is not filed within 60 days of such notice, the
13Comptroller shall cause such audit to be made by an accountant
14or accountants. The Comptroller may decline to order an audit
15and the preparation of an audit report if an initial
16examination of the books and records of the municipality
17indicates that books and records of the municipality are
18inadequate or unavailable to support the preparation of the
19audit report or the supplemental report due to the passage of
20time or the occurrence of a natural disaster. All fees
21collected pursuant to this Section shall be deposited into the
22Comptroller's Administrative Fund. In the event the
23Comptroller causes an audit to be made in accordance with the
24requirements of this Section, the municipality shall pay to the
25Comptroller reasonable compensation and expenses to reimburse
26her for the cost of preparing or completing such report. Moneys

 

 

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1paid to the Comptroller pursuant to the preceding sentence
2shall be deposited into the Comptroller's Audit Expense
3Revolving Fund.
4(Source: P.A. 98-497, eff. 8-16-13.)
 
5    (65 ILCS 5/8-8-4)  (from Ch. 24, par. 8-8-4)
6    Sec. 8-8-4. Overdue reports.
7    (a) In the event the required audit report for a
8municipality is not filed with the Comptroller in accordance
9with Section 8-8-7 within 6 months after the close of the
10fiscal year of the municipality, the Comptroller shall notify
11the corporate authorities of that municipality in writing that
12the audit report is due, and may also grant an extension of
13time of 60 days, for the filing of the audit report. In the
14event the required audit report is not filed within the time
15specified in such written notice, the Comptroller shall cause
16such audit to be made by an accountant or accountants. In the
17event the required annual or supplemental report for a
18municipality is not filed within 6 months after the close of
19the fiscal year of the municipality, the Comptroller shall
20notify the corporate authorities of that municipality in
21writing that the annual or supplemental report is due and may
22grant an extension in time of 60 days for the filing of such
23annual or supplemental report.
24    (b) In the event the annual or supplemental report is not
25filed within the time extended by the Comptroller, the

 

 

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1Comptroller shall cause such annual or supplemental report to
2be prepared or completed and the municipality shall pay to the
3Comptroller reasonable compensation and expenses to reimburse
4him for the cost of preparing or completing such annual or
5supplemental report. Moneys paid to the Comptroller pursuant to
6the preceding sentence shall be deposited into the
7Comptroller's Audit Expense Revolving Fund.
8    (c) The Comptroller may decline to order an audit or the
9completion of the supplemental report if an initial examination
10of the books and records of the municipality indicates that
11books and records of the municipality are inadequate or
12unavailable to support the preparation of the audit report or
13the supplemental report due to the passage of time or the
14occurrence of a natural disaster.
15    (d) The State Comptroller may grant extensions for
16delinquent audits or reports. The Comptroller may charge a
17municipality a fee for a delinquent audit or report of $5 per
18day for the first 15 days past due, $10 per day for 16 through
1930 days past due, $15 per day for 31 through 45 days past due,
20and $20 per day for the 46th day and every day thereafter.
21These amounts may be reduced at the Comptroller's discretion.
22All fees collected under this subsection (d) shall be deposited
23into the Comptroller's Administrative Fund.
24(Source: P.A. 97-890, eff. 8-2-12; 97-1142, eff. 12-28-12.)
 
25    (65 ILCS 5/11-74.4-5)  (from Ch. 24, par. 11-74.4-5)

 

 

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1    Sec. 11-74.4-5. Public hearing; joint review board.
2    (a) The changes made by this amendatory Act of the 91st
3General Assembly do not apply to a municipality that, (i)
4before the effective date of this amendatory Act of the 91st
5General Assembly, has adopted an ordinance or resolution fixing
6a time and place for a public hearing under this Section or
7(ii) before July 1, 1999, has adopted an ordinance or
8resolution providing for a feasibility study under Section
911-74.4-4.1, but has not yet adopted an ordinance approving
10redevelopment plans and redevelopment projects or designating
11redevelopment project areas under Section 11-74.4-4, until
12after that municipality adopts an ordinance approving
13redevelopment plans and redevelopment projects or designating
14redevelopment project areas under Section 11-74.4-4;
15thereafter the changes made by this amendatory Act of the 91st
16General Assembly apply to the same extent that they apply to
17redevelopment plans and redevelopment projects that were
18approved and redevelopment projects that were designated
19before the effective date of this amendatory Act of the 91st
20General Assembly.
21    Prior to the adoption of an ordinance proposing the
22designation of a redevelopment project area, or approving a
23redevelopment plan or redevelopment project, the municipality
24by its corporate authorities, or as it may determine by any
25commission designated under subsection (k) of Section
2611-74.4-4 shall adopt an ordinance or resolution fixing a time

 

 

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1and place for public hearing. At least 10 days prior to the
2adoption of the ordinance or resolution establishing the time
3and place for the public hearing, the municipality shall make
4available for public inspection a redevelopment plan or a
5separate report that provides in reasonable detail the basis
6for the eligibility of the redevelopment project area. The
7report along with the name of a person to contact for further
8information shall be sent within a reasonable time after the
9adoption of such ordinance or resolution to the affected taxing
10districts by certified mail. On and after the effective date of
11this amendatory Act of the 91st General Assembly, the
12municipality shall print in a newspaper of general circulation
13within the municipality a notice that interested persons may
14register with the municipality in order to receive information
15on the proposed designation of a redevelopment project area or
16the approval of a redevelopment plan. The notice shall state
17the place of registration and the operating hours of that
18place. The municipality shall have adopted reasonable rules to
19implement this registration process under Section 11-74.4-4.2.
20The municipality shall provide notice of the availability of
21the redevelopment plan and eligibility report, including how to
22obtain this information, by mail within a reasonable time after
23the adoption of the ordinance or resolution, to all residential
24addresses that, after a good faith effort, the municipality
25determines are located outside the proposed redevelopment
26project area and within 750 feet of the boundaries of the

 

 

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1proposed redevelopment project area. This requirement is
2subject to the limitation that in a municipality with a
3population of over 100,000, if the total number of residential
4addresses outside the proposed redevelopment project area and
5within 750 feet of the boundaries of the proposed redevelopment
6project area exceeds 750, the municipality shall be required to
7provide the notice to only the 750 residential addresses that,
8after a good faith effort, the municipality determines are
9outside the proposed redevelopment project area and closest to
10the boundaries of the proposed redevelopment project area.
11Notwithstanding the foregoing, notice given after August 7,
122001 (the effective date of Public Act 92-263) and before the
13effective date of this amendatory Act of the 92nd General
14Assembly to residential addresses within 750 feet of the
15boundaries of a proposed redevelopment project area shall be
16deemed to have been sufficiently given in compliance with this
17Act if given only to residents outside the boundaries of the
18proposed redevelopment project area. The notice shall also be
19provided by the municipality, regardless of its population, to
20those organizations and residents that have registered with the
21municipality for that information in accordance with the
22registration guidelines established by the municipality under
23Section 11-74.4-4.2.
24    At the public hearing any interested person or affected
25taxing district may file with the municipal clerk written
26objections to and may be heard orally in respect to any issues

 

 

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1embodied in the notice. The municipality shall hear all
2protests and objections at the hearing and the hearing may be
3adjourned to another date without further notice other than a
4motion to be entered upon the minutes fixing the time and place
5of the subsequent hearing. At the public hearing or at any time
6prior to the adoption by the municipality of an ordinance
7approving a redevelopment plan, the municipality may make
8changes in the redevelopment plan. Changes which (1) add
9additional parcels of property to the proposed redevelopment
10project area, (2) substantially affect the general land uses
11proposed in the redevelopment plan, (3) substantially change
12the nature of or extend the life of the redevelopment project,
13or (4) increase the number of inhabited residential units to be
14displaced from the redevelopment project area, as measured from
15the time of creation of the redevelopment project area, to a
16total of more than 10, shall be made only after the
17municipality gives notice, convenes a joint review board, and
18conducts a public hearing pursuant to the procedures set forth
19in this Section and in Section 11-74.4-6 of this Act. Changes
20which do not (1) add additional parcels of property to the
21proposed redevelopment project area, (2) substantially affect
22the general land uses proposed in the redevelopment plan, (3)
23substantially change the nature of or extend the life of the
24redevelopment project, or (4) increase the number of inhabited
25residential units to be displaced from the redevelopment
26project area, as measured from the time of creation of the

 

 

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1redevelopment project area, to a total of more than 10, may be
2made without further hearing, provided that the municipality
3shall give notice of any such changes by mail to each affected
4taxing district and registrant on the interested parties
5registry, provided for under Section 11-74.4-4.2, and by
6publication in a newspaper of general circulation within the
7affected taxing district. Such notice by mail and by
8publication shall each occur not later than 10 days following
9the adoption by ordinance of such changes. Hearings with regard
10to a redevelopment project area, project or plan may be held
11simultaneously.
12    (b) Prior to holding a public hearing to approve or amend a
13redevelopment plan or to designate or add additional parcels of
14property to a redevelopment project area, the municipality
15shall convene a joint review board. The board shall consist of
16a representative selected by each community college district,
17local elementary school district and high school district or
18each local community unit school district, park district,
19library district, township, fire protection district, and
20county that will have the authority to directly levy taxes on
21the property within the proposed redevelopment project area at
22the time that the proposed redevelopment project area is
23approved, a representative selected by the municipality and a
24public member. The public member shall first be selected and
25then the board's chairperson shall be selected by a majority of
26the board members present and voting.

 

 

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1    For redevelopment project areas with redevelopment plans
2or proposed redevelopment plans that would result in the
3displacement of residents from 10 or more inhabited residential
4units or that include 75 or more inhabited residential units,
5the public member shall be a person who resides in the
6redevelopment project area. If, as determined by the housing
7impact study provided for in paragraph (5) of subsection (n) of
8Section 11-74.4-3, or if no housing impact study is required
9then based on other reasonable data, the majority of
10residential units are occupied by very low, low, or moderate
11income households, as defined in Section 3 of the Illinois
12Affordable Housing Act, the public member shall be a person who
13resides in very low, low, or moderate income housing within the
14redevelopment project area. Municipalities with fewer than
1515,000 residents shall not be required to select a person who
16lives in very low, low, or moderate income housing within the
17redevelopment project area, provided that the redevelopment
18plan or project will not result in displacement of residents
19from 10 or more inhabited units, and the municipality so
20certifies in the plan. If no person satisfying these
21requirements is available or if no qualified person will serve
22as the public member, then the joint review board is relieved
23of this paragraph's selection requirements for the public
24member.
25    Within 90 days of the effective date of this amendatory Act
26of the 91st General Assembly, each municipality that designated

 

 

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1a redevelopment project area for which it was not required to
2convene a joint review board under this Section shall convene a
3joint review board to perform the duties specified under
4paragraph (e) of this Section.
5    All board members shall be appointed and the first board
6meeting shall be held at least 14 days but not more than 28
7days after the mailing of notice by the municipality to the
8taxing districts as required by Section 11-74.4-6(c).
9Notwithstanding the preceding sentence, a municipality that
10adopted either a public hearing resolution or a feasibility
11resolution between July 1, 1999 and July 1, 2000 that called
12for the meeting of the joint review board within 14 days of
13notice of public hearing to affected taxing districts is deemed
14to be in compliance with the notice, meeting, and public
15hearing provisions of the Act. Such notice shall also advise
16the taxing bodies represented on the joint review board of the
17time and place of the first meeting of the board. Additional
18meetings of the board shall be held upon the call of any
19member. The municipality seeking designation of the
20redevelopment project area shall provide administrative
21support to the board.
22    The board shall review (i) the public record, planning
23documents and proposed ordinances approving the redevelopment
24plan and project and (ii) proposed amendments to the
25redevelopment plan or additions of parcels of property to the
26redevelopment project area to be adopted by the municipality.

 

 

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1As part of its deliberations, the board may hold additional
2hearings on the proposal. A board's recommendation shall be an
3advisory, non-binding recommendation. The recommendation shall
4be adopted by a majority of those members present and voting.
5The recommendations shall be submitted to the municipality
6within 30 days after convening of the board. Failure of the
7board to submit its report on a timely basis shall not be cause
8to delay the public hearing or any other step in the process of
9designating or amending the redevelopment project area but
10shall be deemed to constitute approval by the joint review
11board of the matters before it.
12    The board shall base its recommendation to approve or
13disapprove the redevelopment plan and the designation of the
14redevelopment project area or the amendment of the
15redevelopment plan or addition of parcels of property to the
16redevelopment project area on the basis of the redevelopment
17project area and redevelopment plan satisfying the plan
18requirements, the eligibility criteria defined in Section
1911-74.4-3, and the objectives of this Act.
20    The board shall issue a written report describing why the
21redevelopment plan and project area or the amendment thereof
22meets or fails to meet one or more of the objectives of this
23Act and both the plan requirements and the eligibility criteria
24defined in Section 11-74.4-3. In the event the Board does not
25file a report it shall be presumed that these taxing bodies
26find the redevelopment project area and redevelopment plan

 

 

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1satisfy the objectives of this Act and the plan requirements
2and eligibility criteria.
3    If the board recommends rejection of the matters before it,
4the municipality will have 30 days within which to resubmit the
5plan or amendment. During this period, the municipality will
6meet and confer with the board and attempt to resolve those
7issues set forth in the board's written report that led to the
8rejection of the plan or amendment.
9    Notwithstanding the resubmission set forth above, the
10municipality may commence the scheduled public hearing and
11either adjourn the public hearing or continue the public
12hearing until a date certain. Prior to continuing any public
13hearing to a date certain, the municipality shall announce
14during the public hearing the time, date, and location for the
15reconvening of the public hearing. Any changes to the
16redevelopment plan necessary to satisfy the issues set forth in
17the joint review board report shall be the subject of a public
18hearing before the hearing is adjourned if the changes would
19(1) substantially affect the general land uses proposed in the
20redevelopment plan, (2) substantially change the nature of or
21extend the life of the redevelopment project, or (3) increase
22the number of inhabited residential units to be displaced from
23the redevelopment project area, as measured from the time of
24creation of the redevelopment project area, to a total of more
25than 10. Changes to the redevelopment plan necessary to satisfy
26the issues set forth in the joint review board report shall not

 

 

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1require any further notice or convening of a joint review board
2meeting, except that any changes to the redevelopment plan that
3would add additional parcels of property to the proposed
4redevelopment project area shall be subject to the notice,
5public hearing, and joint review board meeting requirements
6established for such changes by subsection (a) of Section
711-74.4-5.
8    In the event that the municipality and the board are unable
9to resolve these differences, or in the event that the
10resubmitted plan or amendment is rejected by the board, the
11municipality may proceed with the plan or amendment, but only
12upon a three-fifths vote of the corporate authority responsible
13for approval of the plan or amendment, excluding positions of
14members that are vacant and those members that are ineligible
15to vote because of conflicts of interest.
16    (c) After a municipality has by ordinance approved a
17redevelopment plan and designated a redevelopment project
18area, the plan may be amended and additional properties may be
19added to the redevelopment project area only as herein
20provided. Amendments which (1) add additional parcels of
21property to the proposed redevelopment project area, (2)
22substantially affect the general land uses proposed in the
23redevelopment plan, (3) substantially change the nature of the
24redevelopment project, (4) increase the total estimated
25redevelopment project costs set out in the redevelopment plan
26by more than 5% after adjustment for inflation from the date

 

 

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1the plan was adopted, (5) add additional redevelopment project
2costs to the itemized list of redevelopment project costs set
3out in the redevelopment plan, or (6) increase the number of
4inhabited residential units to be displaced from the
5redevelopment project area, as measured from the time of
6creation of the redevelopment project area, to a total of more
7than 10, shall be made only after the municipality gives
8notice, convenes a joint review board, and conducts a public
9hearing pursuant to the procedures set forth in this Section
10and in Section 11-74.4-6 of this Act. Changes which do not (1)
11add additional parcels of property to the proposed
12redevelopment project area, (2) substantially affect the
13general land uses proposed in the redevelopment plan, (3)
14substantially change the nature of the redevelopment project,
15(4) increase the total estimated redevelopment project cost set
16out in the redevelopment plan by more than 5% after adjustment
17for inflation from the date the plan was adopted, (5) add
18additional redevelopment project costs to the itemized list of
19redevelopment project costs set out in the redevelopment plan,
20or (6) increase the number of inhabited residential units to be
21displaced from the redevelopment project area, as measured from
22the time of creation of the redevelopment project area, to a
23total of more than 10, may be made without further public
24hearing and related notices and procedures including the
25convening of a joint review board as set forth in Section
2611-74.4-6 of this Act, provided that the municipality shall

 

 

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1give notice of any such changes by mail to each affected taxing
2district and registrant on the interested parties registry,
3provided for under Section 11-74.4-4.2, and by publication in a
4newspaper of general circulation within the affected taxing
5district. Such notice by mail and by publication shall each
6occur not later than 10 days following the adoption by
7ordinance of such changes.
8    (d) After the effective date of this amendatory Act of the
991st General Assembly, a municipality shall submit in an
10electronic format the following information for each
11redevelopment project area (i) to the State Comptroller under
12Section 8-8-3.5 of the Illinois Municipal Code, subject to any
13extensions or exemptions provided at the Comptroller's
14discretion under that Section, and (ii) to all taxing districts
15overlapping the redevelopment project area no later than 180
16days after the close of each municipal fiscal year or as soon
17thereafter as the audited financial statements become
18available and, in any case, shall be submitted before the
19annual meeting of the Joint Review Board to each of the taxing
20districts that overlap the redevelopment project area:
21        (1) Any amendments to the redevelopment plan, the
22    redevelopment project area, or the State Sales Tax
23    Boundary.
24        (1.5) A list of the redevelopment project areas
25    administered by the municipality and, if applicable, the
26    date each redevelopment project area was designated or

 

 

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1    terminated by the municipality.
2        (2) Audited financial statements of the special tax
3    allocation fund once a cumulative total of $100,000 has
4    been deposited in the fund.
5        (3) Certification of the Chief Executive Officer of the
6    municipality that the municipality has complied with all of
7    the requirements of this Act during the preceding fiscal
8    year.
9        (4) An opinion of legal counsel that the municipality
10    is in compliance with this Act.
11        (5) An analysis of the special tax allocation fund
12    which sets forth:
13            (A) the balance in the special tax allocation fund
14        at the beginning of the fiscal year;
15            (B) all amounts deposited in the special tax
16        allocation fund by source;
17            (C) an itemized list of all expenditures from the
18        special tax allocation fund by category of permissible
19        redevelopment project cost; and
20            (D) the balance in the special tax allocation fund
21        at the end of the fiscal year including a breakdown of
22        that balance by source and a breakdown of that balance
23        identifying any portion of the balance that is
24        required, pledged, earmarked, or otherwise designated
25        for payment of or securing of obligations and
26        anticipated redevelopment project costs. Any portion

 

 

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1        of such ending balance that has not been identified or
2        is not identified as being required, pledged,
3        earmarked, or otherwise designated for payment of or
4        securing of obligations or anticipated redevelopment
5        projects costs shall be designated as surplus as set
6        forth in Section 11-74.4-7 hereof.
7        (6) A description of all property purchased by the
8    municipality within the redevelopment project area
9    including:
10            (A) Street address.
11            (B) Approximate size or description of property.
12            (C) Purchase price.
13            (D) Seller of property.
14        (7) A statement setting forth all activities
15    undertaken in furtherance of the objectives of the
16    redevelopment plan, including:
17            (A) Any project implemented in the preceding
18        fiscal year.
19            (B) A description of the redevelopment activities
20        undertaken.
21            (C) A description of any agreements entered into by
22        the municipality with regard to the disposition or
23        redevelopment of any property within the redevelopment
24        project area or the area within the State Sales Tax
25        Boundary.
26            (D) Additional information on the use of all funds

 

 

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1        received under this Division and steps taken by the
2        municipality to achieve the objectives of the
3        redevelopment plan.
4            (E) Information regarding contracts that the
5        municipality's tax increment advisors or consultants
6        have entered into with entities or persons that have
7        received, or are receiving, payments financed by tax
8        increment revenues produced by the same redevelopment
9        project area.
10            (F) Any reports submitted to the municipality by
11        the joint review board.
12            (G) A review of public and, to the extent possible,
13        private investment actually undertaken to date after
14        the effective date of this amendatory Act of the 91st
15        General Assembly and estimated to be undertaken during
16        the following year. This review shall, on a
17        project-by-project basis, set forth the estimated
18        amounts of public and private investment incurred
19        after the effective date of this amendatory Act of the
20        91st General Assembly and provide the ratio of private
21        investment to public investment to the date of the
22        report and as estimated to the completion of the
23        redevelopment project.
24        (8) With regard to any obligations issued by the
25    municipality:
26            (A) copies of any official statements; and

 

 

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1            (B) an analysis prepared by financial advisor or
2        underwriter setting forth: (i) nature and term of
3        obligation; and (ii) projected debt service including
4        required reserves and debt coverage.
5        (9) For special tax allocation funds that have
6    experienced cumulative deposits of incremental tax
7    revenues of $100,000 or more, a certified audit report
8    reviewing compliance with this Act performed by an
9    independent public accountant certified and licensed by
10    the authority of the State of Illinois. The financial
11    portion of the audit must be conducted in accordance with
12    Standards for Audits of Governmental Organizations,
13    Programs, Activities, and Functions adopted by the
14    Comptroller General of the United States (1981), as
15    amended, or the standards specified by Section 8-8-5 of the
16    Illinois Municipal Auditing Law of the Illinois Municipal
17    Code. The audit report shall contain a letter from the
18    independent certified public accountant indicating
19    compliance or noncompliance with the requirements of
20    subsection (q) of Section 11-74.4-3. For redevelopment
21    plans or projects that would result in the displacement of
22    residents from 10 or more inhabited residential units or
23    that contain 75 or more inhabited residential units, notice
24    of the availability of the information, including how to
25    obtain the report, required in this subsection shall also
26    be sent by mail to all residents or organizations that

 

 

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1    operate in the municipality that register with the
2    municipality for that information according to
3    registration procedures adopted under Section 11-74.4-4.2.
4    All municipalities are subject to this provision.
5        (10) A list of all intergovernmental agreements in
6    effect during the fiscal year to which the municipality is
7    a party and an accounting of any moneys transferred or
8    received by the municipality during that fiscal year
9    pursuant to those intergovernmental agreements.
10    (d-1) Prior to the effective date of this amendatory Act of
11the 91st General Assembly, municipalities with populations of
12over 1,000,000 shall, after adoption of a redevelopment plan or
13project, make available upon request to any taxing district in
14which the redevelopment project area is located the following
15information:
16        (1) Any amendments to the redevelopment plan, the
17    redevelopment project area, or the State Sales Tax
18    Boundary; and
19        (2) In connection with any redevelopment project area
20    for which the municipality has outstanding obligations
21    issued to provide for redevelopment project costs pursuant
22    to Section 11-74.4-7, audited financial statements of the
23    special tax allocation fund.
24    (e) The joint review board shall meet annually 180 days
25after the close of the municipal fiscal year or as soon as the
26redevelopment project audit for that fiscal year becomes

 

 

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1available to review the effectiveness and status of the
2redevelopment project area up to that date.
3    (f) (Blank).
4    (g) In the event that a municipality has held a public
5hearing under this Section prior to March 14, 1994 (the
6effective date of Public Act 88-537), the requirements imposed
7by Public Act 88-537 relating to the method of fixing the time
8and place for public hearing, the materials and information
9required to be made available for public inspection, and the
10information required to be sent after adoption of an ordinance
11or resolution fixing a time and place for public hearing shall
12not be applicable.
13    (h) On and after the effective date of this amendatory Act
14of the 96th General Assembly, the State Comptroller must post
15on the State Comptroller's official website the information
16submitted by a municipality pursuant to subsection (d) of this
17Section. The information must be posted no later than 45 days
18after the State Comptroller receives the information from the
19municipality. The State Comptroller must also post a list of
20the municipalities not in compliance with the reporting
21requirements set forth in subsection (d) of this Section.
22    (i) No later than 10 years after the corporate authorities
23of a municipality adopt an ordinance to establish a
24redevelopment project area, the municipality must compile a
25status report concerning the redevelopment project area. The
26status report must detail without limitation the following: (i)

 

 

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1the amount of revenue generated within the redevelopment
2project area, (ii) any expenditures made by the municipality
3for the redevelopment project area including without
4limitation expenditures from the special tax allocation fund,
5(iii) the status of planned activities, goals, and objectives
6set forth in the redevelopment plan including details on new or
7planned construction within the redevelopment project area,
8(iv) the amount of private and public investment within the
9redevelopment project area, and (v) any other relevant
10evaluation or performance data. Within 30 days after the
11municipality compiles the status report, the municipality must
12hold at least one public hearing concerning the report. The
13municipality must provide 20 days' public notice of the
14hearing.
15    (j) Beginning in fiscal year 2011 and in each fiscal year
16thereafter, a municipality must detail in its annual budget (i)
17the revenues generated from redevelopment project areas by
18source and (ii) the expenditures made by the municipality for
19redevelopment project areas.
20(Source: P.A. 96-1335, eff. 7-27-10.)
 
21    (65 ILCS 5/11-74.6-22)
22    Sec. 11-74.6-22. Adoption of ordinance; requirements;
23changes.
24    (a) Before adoption of an ordinance proposing the
25designation of a redevelopment planning area or a redevelopment

 

 

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1project area, or both, or approving a redevelopment plan or
2redevelopment project, the municipality or commission
3designated pursuant to subsection (l) of Section 11-74.6-15
4shall fix by ordinance or resolution a time and place for
5public hearing. Prior to the adoption of the ordinance or
6resolution establishing the time and place for the public
7hearing, the municipality shall make available for public
8inspection a redevelopment plan or a report that provides in
9sufficient detail, the basis for the eligibility of the
10redevelopment project area. The report along with the name of a
11person to contact for further information shall be sent to the
12affected taxing district by certified mail within a reasonable
13time following the adoption of the ordinance or resolution
14establishing the time and place for the public hearing.
15    At the public hearing any interested person or affected
16taxing district may file with the municipal clerk written
17objections to the ordinance and may be heard orally on any
18issues that are the subject of the hearing. The municipality
19shall hear and determine all alternate proposals or bids for
20any proposed conveyance, lease, mortgage or other disposition
21of land and all protests and objections at the hearing and the
22hearing may be adjourned to another date without further notice
23other than a motion to be entered upon the minutes fixing the
24time and place of the later hearing. At the public hearing or
25at any time prior to the adoption by the municipality of an
26ordinance approving a redevelopment plan, the municipality may

 

 

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1make changes in the redevelopment plan. Changes which (1) add
2additional parcels of property to the proposed redevelopment
3project area, (2) substantially affect the general land uses
4proposed in the redevelopment plan, or (3) substantially change
5the nature of or extend the life of the redevelopment project
6shall be made only after the municipality gives notice,
7convenes a joint review board, and conducts a public hearing
8pursuant to the procedures set forth in this Section and in
9Section 11-74.6-25. Changes which do not (1) add additional
10parcels of property to the proposed redevelopment project area,
11(2) substantially affect the general land uses proposed in the
12redevelopment plan, or (3) substantially change the nature of
13or extend the life of the redevelopment project may be made
14without further hearing, provided that the municipality shall
15give notice of any such changes by mail to each affected taxing
16district and by publication once in a newspaper of general
17circulation within the affected taxing district. Such notice by
18mail and by publication shall each occur not later than 10 days
19following the adoption by ordinance of such changes.
20    (b) Before adoption of an ordinance proposing the
21designation of a redevelopment planning area or a redevelopment
22project area, or both, or amending the boundaries of an
23existing redevelopment project area or redevelopment planning
24area, or both, the municipality shall convene a joint review
25board to consider the proposal. The board shall consist of a
26representative selected by each taxing district that has

 

 

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1authority to levy real property taxes on the property within
2the proposed redevelopment project area and that has at least
35% of its total equalized assessed value located within the
4proposed redevelopment project area, a representative selected
5by the municipality and a public member. The public member and
6the board's chairperson shall be selected by a majority of
7other board members.
8    All board members shall be appointed and the first board
9meeting held within 14 days following the notice by the
10municipality to all the taxing districts as required by
11subsection (c) of Section 11-74.6-25. The notice shall also
12advise the taxing bodies represented on the joint review board
13of the time and place of the first meeting of the board.
14Additional meetings of the board shall be held upon the call of
15any 2 members. The municipality seeking designation of the
16redevelopment project area may provide administrative support
17to the board.
18    The board shall review the public record, planning
19documents and proposed ordinances approving the redevelopment
20plan and project to be adopted by the municipality. As part of
21its deliberations, the board may hold additional hearings on
22the proposal. A board's recommendation, if any, shall be a
23written recommendation adopted by a majority vote of the board
24and submitted to the municipality within 30 days after the
25board convenes. A board's recommendation shall be binding upon
26the municipality. Failure of the board to submit its

 

 

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1recommendation on a timely basis shall not be cause to delay
2the public hearing or the process of establishing or amending
3the redevelopment project area. The board's recommendation on
4the proposal shall be based upon the area satisfying the
5applicable eligibility criteria defined in Section 11-74.6-10
6and whether there is a basis for the municipal findings set
7forth in the redevelopment plan as required by this Act. If the
8board does not file a recommendation it shall be presumed that
9the board has found that the redevelopment project area
10satisfies the eligibility criteria.
11    (c) After a municipality has by ordinance approved a
12redevelopment plan and designated a redevelopment planning
13area or a redevelopment project area, or both, the plan may be
14amended and additional properties may be added to the
15redevelopment project area only as herein provided. Amendments
16which (1) add additional parcels of property to the proposed
17redevelopment project area, (2) substantially affect the
18general land uses proposed in the redevelopment plan, (3)
19substantially change the nature of the redevelopment project,
20(4) increase the total estimated redevelopment project costs
21set out in the redevelopment plan by more than 5% after
22adjustment for inflation from the date the plan was adopted, or
23(5) add additional redevelopment project costs to the itemized
24list of redevelopment project costs set out in the
25redevelopment plan shall be made only after the municipality
26gives notice, convenes a joint review board, and conducts a

 

 

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1public hearing pursuant to the procedures set forth in this
2Section and in Section 11-74.6-25. Changes which do not (1) add
3additional parcels of property to the proposed redevelopment
4project area, (2) substantially affect the general land uses
5proposed in the redevelopment plan, (3) substantially change
6the nature of the redevelopment project, (4) increase the total
7estimated redevelopment project cost set out in the
8redevelopment plan by more than 5% after adjustment for
9inflation from the date the plan was adopted, or (5) add
10additional redevelopment project costs to the itemized list of
11redevelopment project costs set out in the redevelopment plan
12may be made without further hearing, provided that the
13municipality shall give notice of any such changes by mail to
14each affected taxing district and by publication once in a
15newspaper of general circulation within the affected taxing
16district. Such notice by mail and by publication shall each
17occur not later than 10 days following the adoption by
18ordinance of such changes.
19    (d) After the effective date of this amendatory Act of the
2091st General Assembly, a municipality shall submit the
21following information for each redevelopment project area (i)
22to the State Comptroller under Section 8-8-3.5 of the Illinois
23Municipal Code, subject to any extensions or exemptions
24provided at the Comptroller's discretion under that Section,
25and (ii) to all taxing districts overlapping the redevelopment
26project area no later than 180 days after the close of each

 

 

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1municipal fiscal year or as soon thereafter as the audited
2financial statements become available and, in any case, shall
3be submitted before the annual meeting of the joint review
4board to each of the taxing districts that overlap the
5redevelopment project area:
6        (1) Any amendments to the redevelopment plan, or the
7    redevelopment project area.
8        (1.5) A list of the redevelopment project areas
9    administered by the municipality and, if applicable, the
10    date each redevelopment project area was designated or
11    terminated by the municipality.
12        (2) Audited financial statements of the special tax
13    allocation fund once a cumulative total of $100,000 of tax
14    increment revenues has been deposited in the fund.
15        (3) Certification of the Chief Executive Officer of the
16    municipality that the municipality has complied with all of
17    the requirements of this Act during the preceding fiscal
18    year.
19        (4) An opinion of legal counsel that the municipality
20    is in compliance with this Act.
21        (5) An analysis of the special tax allocation fund
22    which sets forth:
23            (A) the balance in the special tax allocation fund
24        at the beginning of the fiscal year;
25            (B) all amounts deposited in the special tax
26        allocation fund by source;

 

 

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1            (C) an itemized list of all expenditures from the
2        special tax allocation fund by category of permissible
3        redevelopment project cost; and
4            (D) the balance in the special tax allocation fund
5        at the end of the fiscal year including a breakdown of
6        that balance by source and a breakdown of that balance
7        identifying any portion of the balance that is
8        required, pledged, earmarked, or otherwise designated
9        for payment of or securing of obligations and
10        anticipated redevelopment project costs. Any portion
11        of such ending balance that has not been identified or
12        is not identified as being required, pledged,
13        earmarked, or otherwise designated for payment of or
14        securing of obligations or anticipated redevelopment
15        project costs shall be designated as surplus as set
16        forth in Section 11-74.6-30 hereof.
17        (6) A description of all property purchased by the
18    municipality within the redevelopment project area
19    including:
20            (A) Street address.
21            (B) Approximate size or description of property.
22            (C) Purchase price.
23            (D) Seller of property.
24        (7) A statement setting forth all activities
25    undertaken in furtherance of the objectives of the
26    redevelopment plan, including:

 

 

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1            (A) Any project implemented in the preceding
2        fiscal year.
3            (B) A description of the redevelopment activities
4        undertaken.
5            (C) A description of any agreements entered into by
6        the municipality with regard to the disposition or
7        redevelopment of any property within the redevelopment
8        project area.
9            (D) Additional information on the use of all funds
10        received under this Division and steps taken by the
11        municipality to achieve the objectives of the
12        redevelopment plan.
13            (E) Information regarding contracts that the
14        municipality's tax increment advisors or consultants
15        have entered into with entities or persons that have
16        received, or are receiving, payments financed by tax
17        increment revenues produced by the same redevelopment
18        project area.
19            (F) Any reports submitted to the municipality by
20        the joint review board.
21            (G) A review of public and, to the extent possible,
22        private investment actually undertaken to date after
23        the effective date of this amendatory Act of the 91st
24        General Assembly and estimated to be undertaken during
25        the following year. This review shall, on a
26        project-by-project basis, set forth the estimated

 

 

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1        amounts of public and private investment incurred
2        after the effective date of this amendatory Act of the
3        91st General Assembly and provide the ratio of private
4        investment to public investment to the date of the
5        report and as estimated to the completion of the
6        redevelopment project.
7        (8) With regard to any obligations issued by the
8    municipality:
9            (A) copies of any official statements; and
10            (B) an analysis prepared by financial advisor or
11        underwriter setting forth: (i) nature and term of
12        obligation; and (ii) projected debt service including
13        required reserves and debt coverage.
14        (9) For special tax allocation funds that have received
15    cumulative deposits of incremental tax revenues of
16    $100,000 or more, a certified audit report reviewing
17    compliance with this Act performed by an independent public
18    accountant certified and licensed by the authority of the
19    State of Illinois. The financial portion of the audit must
20    be conducted in accordance with Standards for Audits of
21    Governmental Organizations, Programs, Activities, and
22    Functions adopted by the Comptroller General of the United
23    States (1981), as amended, or the standards specified by
24    Section 8-8-5 of the Illinois Municipal Auditing Law of the
25    Illinois Municipal Code. The audit report shall contain a
26    letter from the independent certified public accountant

 

 

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1    indicating compliance or noncompliance with the
2    requirements of subsection (o) of Section 11-74.6-10.
3    (e) The joint review board shall meet annually 180 days
4after the close of the municipal fiscal year or as soon as the
5redevelopment project audit for that fiscal year becomes
6available to review the effectiveness and status of the
7redevelopment project area up to that date.
8(Source: P.A. 97-146, eff. 1-1-12.)
 
9    Section 99. Effective date. This Act takes effect upon
10becoming law.