Sen. Chuck Weaver

Filed: 5/18/2016

 

 


 

 


 
09900HB4394sam001LRB099 16161 AWJ 48882 a

1
AMENDMENT TO HOUSE BILL 4394

2    AMENDMENT NO. ______. Amend House Bill 4394 by replacing
3everything after the enacting clause with the following:
 
4    "Section 5. The Illinois Municipal Code is amended by
5changing Section 11-74.6-22 as follows:
 
6    (65 ILCS 5/11-74.6-22)
7    Sec. 11-74.6-22. Adoption of ordinance; requirements;
8changes.
9    (a) Before adoption of an ordinance proposing the
10designation of a redevelopment planning area or a redevelopment
11project area, or both, or approving a redevelopment plan or
12redevelopment project, the municipality or commission
13designated pursuant to subsection (l) of Section 11-74.6-15
14shall fix by ordinance or resolution a time and place for
15public hearing. Prior to the adoption of the ordinance or
16resolution establishing the time and place for the public

 

 

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

 

 

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1convenes a joint review board, and conducts a public hearing
2pursuant to the procedures set forth in this Section and in
3Section 11-74.6-25. Changes which do not (1) add additional
4parcels of property to the proposed redevelopment project area,
5(2) substantially affect the general land uses proposed in the
6redevelopment plan, or (3) substantially change the nature of
7or extend the life of the redevelopment project may be made
8without further hearing, provided that the municipality shall
9give notice of any such changes by mail to each affected taxing
10district and by publication once in a newspaper of general
11circulation within the affected taxing district. Such notice by
12mail and by publication shall each occur not later than 10 days
13following the adoption by ordinance of such changes.
14    (b) Before adoption of an ordinance proposing the
15designation of a redevelopment planning area or a redevelopment
16project area, or both, or amending the boundaries of an
17existing redevelopment project area or redevelopment planning
18area, or both, the municipality shall convene a joint review
19board to consider the proposal. The board shall consist of a
20representative selected by each taxing district that has
21authority to levy real property taxes on the property within
22the proposed redevelopment project area and that has at least
235% of its total equalized assessed value located within the
24proposed redevelopment project area, a representative selected
25by the municipality and a public member. The public member and
26the board's chairperson shall be selected by a majority of

 

 

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1other board members.
2    All board members shall be appointed and the first board
3meeting held within 14 days following the notice by the
4municipality to all the taxing districts as required by
5subsection (c) of Section 11-74.6-25. The notice shall also
6advise the taxing bodies represented on the joint review board
7of the time and place of the first meeting of the board.
8Additional meetings of the board shall be held upon the call of
9any 2 members. The municipality seeking designation of the
10redevelopment project area may provide administrative support
11to the board.
12    The board shall review the public record, planning
13documents and proposed ordinances approving the redevelopment
14plan and project to be adopted by the municipality. As part of
15its deliberations, the board may hold additional hearings on
16the proposal. A board's recommendation, if any, shall be a
17written recommendation adopted by a majority vote of the board
18and submitted to the municipality within 30 days after the
19board convenes. A board's recommendation shall be binding upon
20the municipality. Failure of the board to submit its
21recommendation on a timely basis shall not be cause to delay
22the public hearing or the process of establishing or amending
23the redevelopment project area. The board's recommendation on
24the proposal shall be based upon the area satisfying the
25applicable eligibility criteria defined in Section 11-74.6-10
26and whether there is a basis for the municipal findings set

 

 

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

 

 

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1estimated redevelopment project cost set out in the
2redevelopment plan by more than 5% after adjustment for
3inflation from the date the plan was adopted, or (5) add
4additional redevelopment project costs to the itemized list of
5redevelopment project costs set out in the redevelopment plan
6may be made without further hearing, provided that the
7municipality shall give notice of any such changes by mail to
8each affected taxing district and by publication once in a
9newspaper of general circulation within the affected taxing
10district. Such notice by mail and by publication shall each
11occur not later than 10 days following the adoption by
12ordinance of such changes.
13    Notwithstanding Section 11-74.6-50, the redevelopment
14project area established by an ordinance adopted in its final
15form on December 19, 2011 by the City of Loves Park may be
16expanded by the adoption of an ordinance to that effect without
17further hearing or notice to include land that (i) is at least
18in part contiguous to the existing redevelopment project area,
19(ii) does not exceed approximately 16.56 acres, (iii) at the
20time of the establishment of the redevelopment project area
21would have been otherwise eligible for inclusion in the
22redevelopment project area, and (iv) is zoned so as to comply
23with this Act prior to its inclusion in the redevelopment
24project area.
25    (d) After the effective date of this amendatory Act of the
2691st General Assembly, a municipality shall submit the

 

 

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1following information for each redevelopment project area (i)
2to the State Comptroller under Section 8-8-3.5 of the Illinois
3Municipal Code, subject to any extensions or exemptions
4provided at the Comptroller's discretion under that Section,
5and (ii) to all taxing districts overlapping the redevelopment
6project area no later than 180 days after the close of each
7municipal fiscal year or as soon thereafter as the audited
8financial statements become available and, in any case, shall
9be submitted before the annual meeting of the joint review
10board to each of the taxing districts that overlap the
11redevelopment project area:
12        (1) Any amendments to the redevelopment plan, or the
13    redevelopment project area.
14        (1.5) A list of the redevelopment project areas
15    administered by the municipality and, if applicable, the
16    date each redevelopment project area was designated or
17    terminated by the municipality.
18        (2) Audited financial statements of the special tax
19    allocation fund once a cumulative total of $100,000 of tax
20    increment revenues has been deposited in the fund.
21        (3) Certification of the Chief Executive Officer of the
22    municipality that the municipality has complied with all of
23    the requirements of this Act during the preceding fiscal
24    year.
25        (4) An opinion of legal counsel that the municipality
26    is in compliance with this Act.

 

 

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

 

 

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1            (B) Approximate size or description of property.
2            (C) Purchase price.
3            (D) Seller of property.
4        (7) A statement setting forth all activities
5    undertaken in furtherance of the objectives of the
6    redevelopment plan, including:
7            (A) Any project implemented in the preceding
8        fiscal year.
9            (B) A description of the redevelopment activities
10        undertaken.
11            (C) A description of any agreements entered into by
12        the municipality with regard to the disposition or
13        redevelopment of any property within the redevelopment
14        project area.
15            (D) Additional information on the use of all funds
16        received under this Division and steps taken by the
17        municipality to achieve the objectives of the
18        redevelopment plan.
19            (E) Information regarding contracts that the
20        municipality's tax increment advisors or consultants
21        have entered into with entities or persons that have
22        received, or are receiving, payments financed by tax
23        increment revenues produced by the same redevelopment
24        project area.
25            (F) Any reports submitted to the municipality by
26        the joint review board.

 

 

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1            (G) A review of public and, to the extent possible,
2        private investment actually undertaken to date after
3        the effective date of this amendatory Act of the 91st
4        General Assembly and estimated to be undertaken during
5        the following year. This review shall, on a
6        project-by-project basis, set forth the estimated
7        amounts of public and private investment incurred
8        after the effective date of this amendatory Act of the
9        91st General Assembly and provide the ratio of private
10        investment to public investment to the date of the
11        report and as estimated to the completion of the
12        redevelopment project.
13        (8) With regard to any obligations issued by the
14    municipality:
15            (A) copies of any official statements; and
16            (B) an analysis prepared by financial advisor or
17        underwriter setting forth: (i) nature and term of
18        obligation; and (ii) projected debt service including
19        required reserves and debt coverage.
20        (9) For special tax allocation funds that have received
21    cumulative deposits of incremental tax revenues of
22    $100,000 or more, a certified audit report reviewing
23    compliance with this Act performed by an independent public
24    accountant certified and licensed by the authority of the
25    State of Illinois. The financial portion of the audit must
26    be conducted in accordance with Standards for Audits of

 

 

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1    Governmental Organizations, Programs, Activities, and
2    Functions adopted by the Comptroller General of the United
3    States (1981), as amended, or the standards specified by
4    Section 8-8-5 of the Illinois Municipal Auditing Law of the
5    Illinois Municipal Code. The audit report shall contain a
6    letter from the independent certified public accountant
7    indicating compliance or noncompliance with the
8    requirements of subsection (o) of Section 11-74.6-10.
9    (e) The joint review board shall meet annually 180 days
10after the close of the municipal fiscal year or as soon as the
11redevelopment project audit for that fiscal year becomes
12available to review the effectiveness and status of the
13redevelopment project area up to that date.
14(Source: P.A. 97-146, eff. 1-1-12; 98-922, eff. 8-15-14.)
 
15    Section 99. Effective date. This Act takes effect upon
16becoming law.".