Full Text of SB0595 96th General Assembly
SB0595enr 96TH GENERAL ASSEMBLY
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SB0595 Enrolled |
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LRB096 06629 RLJ 16713 b |
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| AN ACT concerning local government.
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| Be it enacted by the People of the State of Illinois, | 3 |
| represented in the General Assembly:
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| 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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| 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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SB0595 Enrolled |
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LRB096 06629 RLJ 16713 b |
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| 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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| 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 |
| (b-5) The estimated dates of completion
of the | 18 |
| redevelopment project and retirement of obligations issued to | 19 |
| finance
redevelopment project costs (including refunding bonds | 20 |
| under Section 11-74.4-7) may not be later than December 31 of | 21 |
| the 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 32nd | 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 September 9, 1999 by the Village of Downs. |
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SB0595 Enrolled |
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| (c) The estimated dates of completion
of the redevelopment | 2 |
| project and retirement of obligations issued to finance
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| 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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SB0595 Enrolled |
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LRB096 06629 RLJ 16713 b |
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| 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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| by the City of East St. Louis; | 26 |
| (17) if the ordinance was adopted on December 22, 1986 |
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SB0595 Enrolled |
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LRB096 06629 RLJ 16713 b |
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| 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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| 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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SB0595 Enrolled |
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| (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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SB0595 Enrolled |
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| (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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SB0595 Enrolled |
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| (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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| (68)
if the ordinance was adopted on December 31, 1986 | 26 |
| by the Village of Milan; |
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SB0595 Enrolled |
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| (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; or | 5 |
| (71) if the ordinance was adopted on December 22, 1986 | 6 |
| by the Village of Hoffman Estates; or
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| (72) (71) if the ordinance was adopted on September 17, | 8 |
| 1986 by the Village of Sherman ; .
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| (73) (71) if the ordinance was adopted on December 16, | 10 |
| 1986 by the City of Macomb ; . | 11 |
| (74) (72) if the ordinance was adopted on June 11, 2002 | 12 |
| by the City of East Peoria to create the West Washington | 13 |
| Street TIF; or | 14 |
| (75) (73) if the ordinance was adopted on June 11, 2002 | 15 |
| by the City of East Peoria to create the Camp Street TIF ; .
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| (76) (72) if the ordinance was adopted on August 7, | 17 |
| 2000 by the City of Des Plaines ; . | 18 |
| (77) (72) if the ordinance was adopted on December 22, | 19 |
| 1986 by the City of Washington to create the Washington | 20 |
| Square TIF #2 ; . | 21 |
| (78) (71) (72) if the ordinance was adopted on December | 22 |
| 29, 1986 by the City of Morris ; .
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| (79) (71) if the ordinance was adopted on July 6, 1998 | 24 |
| by the Village of Steeleville ; . | 25 |
| (80) (72) if the ordinance was adopted on December 29, | 26 |
| 1986 by the City of Pontiac to create TIF I (the Main St |
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SB0595 Enrolled |
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| TIF); or | 2 |
| (81) (73) if the ordinance was adopted on December 29, | 3 |
| 1986 by the City of Pontiac to create TIF II (the | 4 |
| Interstate TIF) ; . | 5 |
| (82) (71) (72) if the ordinance was adopted on November | 6 |
| 6, 2002 by the City of Chicago to create the Madden/Wells | 7 |
| TIF District; | 8 |
| (83) (72) (73) if the ordinance was adopted on November | 9 |
| 4, 1998 by the City of Chicago to create the | 10 |
| Roosevelt/Racine TIF District; | 11 |
| (84) (73) (74) if the ordinance was adopted on June 10, | 12 |
| 1998 by the City of Chicago to create the Stony Island | 13 |
| Commercial/Burnside Industrial Corridors TIF District; or | 14 |
| (85) (74) (75) if the ordinance was adopted on November | 15 |
| 29, 1989 by the City of Chicago to create the Englewood | 16 |
| Mall TIF District ; or . | 17 |
| (86) if the ordinance was adopted on December 30, 1986 | 18 |
| by the Village of Bellevue to create the Bellevue TIF | 19 |
| District 1. | 20 |
| (d) For redevelopment project areas for which bonds were | 21 |
| issued before
July 29, 1991, or for which contracts were | 22 |
| entered into before June 1,
1988, in connection with a | 23 |
| redevelopment project in the area within
the State Sales Tax | 24 |
| Boundary, the estimated dates of completion of the
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| redevelopment project and retirement of obligations to finance | 26 |
| redevelopment
project costs (including refunding bonds under |
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SB0595 Enrolled |
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LRB096 06629 RLJ 16713 b |
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| Section 11-74.4-7) may be extended by municipal ordinance to | 2 |
| December 31, 2013.
The termination procedures of subsection (b) | 3 |
| of Section 11-74.4-8 are not
required for
these redevelopment | 4 |
| project areas in 2009 but are required in 2013.
The extension | 5 |
| allowed by Public Act 87-1272 shall not apply to real
property | 6 |
| tax increment allocation financing under Section 11-74.4-8. | 7 |
| (e) Those dates, for purposes of real property tax | 8 |
| increment allocation
financing pursuant to Section 11-74.4-8 | 9 |
| only, shall be not more than 35 years
for redevelopment project | 10 |
| areas that were adopted on or after December 16,
1986 and for | 11 |
| which at least $8 million worth of municipal bonds were | 12 |
| authorized
on or after December 19, 1989 but before January 1, | 13 |
| 1990; provided that the
municipality elects to extend the life | 14 |
| of the redevelopment project area to 35
years by the adoption | 15 |
| of an ordinance after at least 14 but not more than 30
days' | 16 |
| written notice to the taxing bodies, that would otherwise | 17 |
| constitute the
joint review board for the redevelopment project | 18 |
| area, before the adoption of
the ordinance. | 19 |
| (f) Those dates, for purposes of real property tax | 20 |
| increment allocation
financing pursuant to Section 11-74.4-8 | 21 |
| only, shall be not more than 35 years
for redevelopment project | 22 |
| areas that were established on or after December 1,
1981 but | 23 |
| before January 1, 1982 and for which at least $1,500,000 worth | 24 |
| of
tax increment revenue bonds were authorized
on or after | 25 |
| September 30, 1990 but before July 1, 1991; provided that the
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| municipality elects to extend the life of the redevelopment |
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SB0595 Enrolled |
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LRB096 06629 RLJ 16713 b |
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| project area to 35
years by the adoption of an ordinance after | 2 |
| at least 14 but not more than 30
days' written notice to the | 3 |
| taxing bodies, that would otherwise constitute the
joint review | 4 |
| board for the redevelopment project area, before the adoption | 5 |
| of
the ordinance. | 6 |
| (g) In consolidating the material relating to completion | 7 |
| dates from Sections 11-74.4-3 and 11-74.4-7 into this Section, | 8 |
| it is not the intent of the General Assembly to make any | 9 |
| substantive change in the law, except for the extension of the | 10 |
| completion dates for the City of Aurora, the Village of Milan,
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| the City of West Frankfort, the Village of Libertyville, and | 12 |
| the Village of Hoffman Estates set forth under items (67),
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| (68), (69), (70), and (71) of subsection (c) of this Section.
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| (Source: P.A. 95-932, eff. 8-26-08; 95-964, eff. 9-23-08; | 15 |
| incorporates P.A. 95-777, eff. 9-22-08, and 95-1028, eff. | 16 |
| 8-25-09 (see Section 5 of P.A. 96-717 for the effective date of | 17 |
| changes made by P.A. 95-1028); 96-127, eff. 8-4-09; 96-182, | 18 |
| eff. 8-10-09; 96-208, eff. 8-10-09; 96-209, eff. 1-1-10; | 19 |
| 96-213, eff. 8-10-09; 96-264, eff. 8-11-09; 96-328, eff. | 20 |
| 8-11-09; 96-439, eff. 8-14-09; 96-454, eff. 8-14-09; 96-722, | 21 |
| eff. 8-25-09; 96-773, eff. 8-28-09; revised 9-25-09.)
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| Section 99. Effective date. This Act takes effect upon | 23 |
| becoming law. |
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