92nd General Assembly
Summary of HB4053
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House Sponsors:
LEITCH-BRUNSVOLD-WINKEL-REITZ-WRIGHT, LAWFER, 
   TENHOUSE AND MYERS,RICHARD.

Senate Sponsors:
RADOGNO-SIEBEN

Short description: 
MUNICIPAL CODE-TIF DISTRICTS                                               

Synopsis of Bill as introduced:
        Amends the Tax Increment  Allocation  Redevelopment  Act  in  the      
   Illinois  Municipal Code. Provides that if the redevelopment plan will      
   not result in displacement of residents  from  10  or  more  inhabited      
   residential  units  (now, if the redevelopment plan will not result in      
   the displacement of 10 or more residents from  inhabited  units),  and      
   the municipality certifies in the plan that such displacement will not      
   result  from  the  plan, a housing impact study need not be performed.      
   Provides  that  if  the  redevelopment  plan  will   not   result   in      
   displacement  of residents from 10 or more inhabited residential units      
   (now, if the redevelopment plan will not result in the displacement of      
   10 or more residents  from  inhabited  units),  and  the  municipality      
   certifies  in the plan that such displacement will not result from the      
   plan, then a resolution or ordinance providing for a feasibility study      
   need not be adopted. Provides  that  in  a  municipality  in  which  a      
   redevelopment  project area is proposed the municipality shall provide      
   notice of the availability of  the  proposed  redevelopment  plan  and      
   eligibility  report  to  all residential addresses located outside the      
   proposed redevelopment  project  area  and  within  750  feet  of  the      
   boundaries  of  the  proposed redevelopment project area (now, located      
   within 750 feet  of  the  boundaries  of  the  proposed  redevelopment      
   project area). Makes other changes.  Effective immediately.                 
        HOUSE AMENDMENT NO. 1.                                                 
          Adds reference to:                                                   
          65 ILCS 5/11-74.4-7             from Ch. 24, par. 11-74.4-7          
        Further amends the Tax Increment Allocation Redevelopment Act  in      
   the  Illinois  Municipal Code. Provides that the redevelopment project      
   in the TIF District created by (i) an ordinance  adopted  on  December      
   22,  1986  by the City of Aledo, (ii) an ordinance adopted on February      
   5, 1990 by  the  City  of  Clinton,  (iii)  an  ordinance  adopted  on      
   September  6,  1994 by the City of Freeport, (iv) an ordinance adopted      
   on December 22, 1986 by the City of  Tuscola,  and  (v)  an  ordinance      
   adopted  on  December 23, 1986 by the City of Sparta must be completed      
   by December 31 of the 35th year (now, the 23rd year) after the year in      
   which the ordinance was adopted.                                            
        HOUSE AMENDMENT NO. 3.                                                 
        Further amends the Tax Increment Allocation Redevelopment Act  in      
   the  Illinois  Municipal Code. Provides that the redevelopment project      
   in the TIF District created by an ordinance adopted  on  (i)  December      
   23, 1986 by the City of Beardstown or (ii) April 27, 1981, October 21,      
   1985, or December 30, 1986 by the City of Belleville must be completed      
   by December 31 of the 35th year (now, the 23rd year) after the year in      
   which the ordinance was adopted.                                            
 
Last action on Bill: PUBLIC ACT.............................. 92-0624

   Last action date: JUL-11-2002

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   2     SENATE -   0


   END OF INQUIRY 



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