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Public Act 100-1164 | ||||
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AN ACT concerning local government.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The Illinois Municipal Code is amended by | ||||
changing Section 11-74.4-3.5 as follows:
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(65 ILCS 5/11-74.4-3.5)
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Sec. 11-74.4-3.5. Completion dates for redevelopment | ||||
projects. | ||||
(a) Unless otherwise stated in this Section, the estimated | ||||
dates of completion
of the redevelopment project and retirement | ||||
of obligations issued to finance
redevelopment project costs | ||||
(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 | ||||
municipal
treasurer, as provided in subsection (b) of Section | ||||
11-74.4-8 of this Act, is to
be made with respect to ad valorem | ||||
taxes levied in the 23rd
calendar year after the year in which | ||||
the ordinance approving the
redevelopment project area was | ||||
adopted if the ordinance was adopted on or after
January 15, | ||||
1981. | ||||
(a-5) If the redevelopment project area is located within a | ||||
transit facility improvement area established pursuant to | ||||
Section 11-74.4-3, the estimated dates of completion of the | ||||
redevelopment project and retirement of obligations issued to |
finance redevelopment project costs (including refunding bonds | ||
under Section 11-74.4-7) may not be later than December 31 of | ||
the year in which the payment to the municipal treasurer, as | ||
provided in subsection (b) of Section 11-74.4-8 of this Act, is | ||
to be made with respect to ad valorem taxes levied in the 35th | ||
calendar year after the year in which the ordinance approving | ||
the redevelopment project area was adopted. | ||
(a-7) A municipality may adopt tax increment financing for | ||
a redevelopment project area located in a transit facility | ||
improvement area that also includes real property located | ||
within an existing redevelopment project area established | ||
prior to August 12, 2016 (the effective date of Public Act | ||
99-792). In such case: (i) the provisions of this Division | ||
shall apply with respect to the previously established | ||
redevelopment project area until the municipality adopts, as | ||
required in accordance with applicable provisions of this | ||
Division, an ordinance dissolving the special tax allocation | ||
fund for such redevelopment project area and terminating the | ||
designation of such redevelopment project area as a | ||
redevelopment project area; and (ii) after the effective date | ||
of the ordinance described in (i), the provisions of this | ||
Division shall apply with respect to the subsequently | ||
established redevelopment project area located in a transit | ||
facility improvement area. | ||
(b) The estimated dates of completion of the redevelopment | ||
project and retirement of obligations issued to finance |
redevelopment project costs (including refunding bonds under | ||
Section 11-74.4-7) may not be later than December 31 of the | ||
year in which the payment to the municipal treasurer as | ||
provided in subsection (b) of Section 11-74.4-8 of this Act is | ||
to be made with respect to ad valorem taxes levied in the 32nd | ||
calendar year after the year in which the ordinance approving | ||
the redevelopment project area was adopted if the ordinance was | ||
adopted on September 9, 1999 by the Village of Downs. | ||
The estimated dates of completion
of the redevelopment | ||
project and retirement of obligations issued to finance
| ||
redevelopment project costs (including refunding bonds under | ||
Section 11-74.4-7) may not be later than December 31 of the | ||
year in which the payment to the municipal
treasurer as | ||
provided in subsection (b) of Section 11-74.4-8 of this Act is | ||
to
be made with respect to ad valorem taxes levied in the 33rd | ||
calendar
year after the year in which the ordinance approving | ||
the
redevelopment project area was adopted if the ordinance was | ||
adopted on May 20, 1985 by the Village of Wheeling. | ||
The estimated dates of completion of the redevelopment | ||
project and retirement of obligations issued to finance | ||
redevelopment project costs (including refunding bonds under | ||
Section 11-74.4-7) may not be later than December 31 of the | ||
year in which the payment to the municipal treasurer as | ||
provided in subsection (b) of Section 11-74.4-8 of this Act is | ||
to be made with respect to ad valorem taxes levied in the 28th | ||
calendar year after the year in which the ordinance approving |
the redevelopment project area was adopted if the ordinance was | ||
adopted on October 12, 1989 by the City of Lawrenceville. | ||
(c) The estimated dates of completion
of the redevelopment | ||
project and retirement of obligations issued to finance
| ||
redevelopment project costs (including refunding bonds under | ||
Section 11-74.4-7) may not be later than December 31 of the | ||
year in which the payment to the municipal
treasurer as | ||
provided in subsection (b) of Section 11-74.4-8 of this Act is | ||
to
be made with respect to ad valorem taxes levied in the 35th | ||
calendar
year after the year in which the ordinance approving | ||
the
redevelopment project area was adopted: | ||
(1) If the ordinance was adopted before January 15, | ||
1981. | ||
(2) If the ordinance was adopted in December 1983, | ||
April 1984, July 1985,
or December 1989. | ||
(3) If the ordinance was adopted in December 1987 and | ||
the redevelopment
project is located within one mile of | ||
Midway Airport. | ||
(4) If the ordinance was adopted before January 1, 1987 | ||
by a municipality in
Mason County. | ||
(5) If the municipality is subject to the Local | ||
Government Financial Planning
and Supervision Act or the | ||
Financially Distressed City Law. | ||
(6) If the ordinance was adopted in December 1984 by | ||
the Village of Rosemont. | ||
(7) If the ordinance was adopted on December 31, 1986 |
by a municipality
located in Clinton County for which at | ||
least $250,000 of tax increment
bonds were authorized on | ||
June 17, 1997, or if the ordinance was adopted on
December | ||
31, 1986 by a municipality with a population in 1990 of | ||
less than
3,600 that is located in a county with a | ||
population in 1990 of less than
34,000 and for which at | ||
least $250,000 of tax increment bonds were authorized
on | ||
June 17, 1997. | ||
(8) If the ordinance was adopted on October 5, 1982 by | ||
the City of Kankakee, or if the ordinance was adopted on | ||
December 29, 1986 by East St. Louis. | ||
(9) If
the ordinance was adopted on November 12, 1991 | ||
by the Village of Sauget. | ||
(10) If the ordinance was
adopted on February 11, 1985 | ||
by the City of Rock Island. | ||
(11) If the ordinance was adopted before December 18, | ||
1986 by the City of
Moline. | ||
(12) If the ordinance was adopted in September 1988 by | ||
Sauk Village. | ||
(13) If the ordinance was adopted in October 1993 by | ||
Sauk Village. | ||
(14) If the ordinance was adopted on December 29, 1986 | ||
by the City of Galva. | ||
(15) If the ordinance was adopted in March 1991 by the | ||
City of Centreville. | ||
(16) If the ordinance was adopted on January 23, 1991
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by the City of East St. Louis. | ||
(17) If the ordinance was adopted on December 22, 1986 | ||
by the City of Aledo. | ||
(18) If the ordinance was adopted on February 5, 1990 | ||
by the City of Clinton. | ||
(19) If the ordinance was adopted on September 6, 1994 | ||
by the City of Freeport. | ||
(20) If the ordinance was adopted on December 22, 1986 | ||
by the City of Tuscola. | ||
(21) If the ordinance was adopted on December 23, 1986 | ||
by the City of Sparta. | ||
(22) If the ordinance was adopted on December 23, 1986 | ||
by the City of
Beardstown. | ||
(23) If the ordinance was adopted on April 27, 1981, | ||
October 21, 1985, or
December 30, 1986 by the City of | ||
Belleville. | ||
(24) If the ordinance was adopted on December 29, 1986 | ||
by the City of
Collinsville. | ||
(25) If the ordinance was adopted on September 14, 1994 | ||
by the
City of Alton. | ||
(26) If the ordinance was adopted on November 11, 1996 | ||
by the
City of Lexington. | ||
(27) If the ordinance was adopted on November 5, 1984 | ||
by
the City of LeRoy. | ||
(28) If the ordinance was adopted on April 3, 1991 or
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June 3, 1992 by the City of Markham. |
(29) If the ordinance was adopted on November 11, 1986 | ||
by the City of Pekin. | ||
(30) If the ordinance was adopted on December 15, 1981 | ||
by the City of Champaign. | ||
(31) If the ordinance was adopted on December 15, 1986 | ||
by the City of Urbana. | ||
(32) If the ordinance was adopted on December 15, 1986 | ||
by the Village of Heyworth. | ||
(33) If the ordinance was adopted on February 24, 1992 | ||
by the Village of Heyworth. | ||
(34) If the ordinance was adopted on March 16, 1995 by | ||
the Village of Heyworth. | ||
(35) If the ordinance was adopted on December 23, 1986 | ||
by the Town of Cicero. | ||
(36) If the ordinance was adopted on December 30, 1986 | ||
by the City of Effingham. | ||
(37) If the ordinance was adopted on May 9, 1991 by the | ||
Village of
Tilton. | ||
(38) If the ordinance was adopted on October 20, 1986 | ||
by the City of Elmhurst. | ||
(39) If the ordinance was adopted on January 19, 1988 | ||
by the City of
Waukegan. | ||
(40) If the ordinance was adopted on September 21, 1998 | ||
by the City of
Waukegan. | ||
(41) If the ordinance was adopted on December 31, 1986 | ||
by the City of Sullivan. |
(42) If the ordinance was adopted on December 23, 1991 | ||
by the City of Sullivan. | ||
(43) If the ordinance was adopted on December 31, 1986 | ||
by the City of Oglesby. | ||
(44) If the ordinance was adopted on July 28, 1987 by | ||
the City of Marion. | ||
(45) If the ordinance was adopted on April 23, 1990 by | ||
the City of Marion. | ||
(46) If the ordinance was adopted on August 20, 1985 by | ||
the Village of Mount Prospect. | ||
(47) If the ordinance was adopted on February 2, 1998 | ||
by the Village of Woodhull. | ||
(48) If the ordinance was adopted on April 20, 1993 by | ||
the Village of Princeville. | ||
(49) If the ordinance was adopted on July 1, 1986 by | ||
the City of Granite City. | ||
(50) If the ordinance was adopted on February 2, 1989 | ||
by the Village of Lombard. | ||
(51) If the ordinance was adopted on December 29, 1986 | ||
by the Village of Gardner. | ||
(52) If the ordinance was adopted on July 14, 1999 by | ||
the Village of Paw Paw. | ||
(53) If the ordinance was adopted on November 17, 1986 | ||
by the Village of Franklin Park. | ||
(54) If the ordinance was adopted on November 20, 1989 | ||
by the Village of South Holland. |
(55) If the ordinance was adopted on July 14, 1992 by | ||
the Village of Riverdale. | ||
(56) If the ordinance was adopted on December 29, 1986 | ||
by the City of Galesburg. | ||
(57) If the ordinance was adopted on April 1, 1985 by | ||
the City of Galesburg. | ||
(58) If the ordinance was adopted on May 21, 1990 by | ||
the City of West Chicago. | ||
(59) If the ordinance was adopted on December 16, 1986 | ||
by the City of Oak Forest. | ||
(60) If the ordinance was adopted in 1999 by the City | ||
of Villa Grove. | ||
(61) If the ordinance was adopted on January 13, 1987 | ||
by the Village of Mt. Zion. | ||
(62) If the ordinance was adopted on December 30, 1986 | ||
by the Village of Manteno. | ||
(63) If the ordinance was adopted on April 3, 1989 by | ||
the City of Chicago Heights. | ||
(64) If the ordinance was adopted on January 6, 1999 by | ||
the Village of Rosemont. | ||
(65) If the ordinance was adopted on December 19, 2000 | ||
by the Village of Stone Park. | ||
(66) If the ordinance was adopted on December 22, 1986 | ||
by the City of DeKalb. | ||
(67) If the ordinance was adopted on December 2, 1986 | ||
by the City of Aurora.
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(68) If the ordinance was adopted on December 31, 1986 | ||
by the Village of Milan. | ||
(69) If the ordinance was adopted on September 8, 1994 | ||
by the City of West Frankfort. | ||
(70) If the ordinance was adopted on December 23, 1986 | ||
by the Village of Libertyville. | ||
(71) If the ordinance was adopted on December 22, 1986 | ||
by the Village of Hoffman Estates.
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(72) If the ordinance was adopted on September 17, 1986 | ||
by the Village of Sherman.
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(73) If the ordinance was adopted on December 16, 1986 | ||
by the City of Macomb. | ||
(74) If the ordinance was adopted on June 11, 2002 by | ||
the City of East Peoria to create the West Washington | ||
Street TIF. | ||
(75) If the ordinance was adopted on June 11, 2002 by | ||
the City of East Peoria to create the Camp Street TIF.
| ||
(76) If the ordinance was adopted on August 7, 2000 by | ||
the City of Des Plaines. | ||
(77) If the ordinance was adopted on December 22, 1986 | ||
by the City of Washington to create the Washington Square | ||
TIF #2. | ||
(78) If the ordinance was adopted on December 29, 1986 | ||
by the City of Morris.
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(79) If the ordinance was adopted on July 6, 1998 by | ||
the Village of Steeleville. |
(80) If the ordinance was adopted on December 29, 1986 | ||
by the City of Pontiac to create TIF I (the Main St TIF). | ||
(81) If the ordinance was adopted on December 29, 1986 | ||
by the City of Pontiac to create TIF II (the Interstate | ||
TIF). | ||
(82) If the ordinance was adopted on November 6, 2002 | ||
by the City of Chicago to create the Madden/Wells TIF | ||
District. | ||
(83) If the ordinance was adopted on November 4, 1998 | ||
by the City of Chicago to create the Roosevelt/Racine TIF | ||
District. | ||
(84) If the ordinance was adopted on June 10, 1998 by | ||
the City of Chicago to create the Stony Island | ||
Commercial/Burnside Industrial Corridors TIF District. | ||
(85) If the ordinance was adopted on November 29, 1989 | ||
by the City of Chicago to create the Englewood Mall TIF | ||
District. | ||
(86) If the ordinance was adopted on December 27, 1986 | ||
by the City of Mendota. | ||
(87) If the ordinance was adopted on December 31, 1986 | ||
by the Village of Cahokia. | ||
(88) If the ordinance was adopted on September 20, 1999 | ||
by the City of Belleville. | ||
(89) If the ordinance was adopted on December 30, 1986 | ||
by the Village of Bellevue to create the Bellevue TIF | ||
District 1. |
(90) If the ordinance was adopted on December 13, 1993 | ||
by the Village of Crete. | ||
(91) If the ordinance was adopted on February 12, 2001 | ||
by the Village of Crete. | ||
(92) If the ordinance was adopted on April 23, 2001 by | ||
the Village of Crete. | ||
(93) If the ordinance was adopted on December 16, 1986 | ||
by the City of Champaign. | ||
(94) If the ordinance was adopted on December 20, 1986 | ||
by the City of Charleston. | ||
(95) If the ordinance was adopted on June 6, 1989 by | ||
the Village of Romeoville. | ||
(96) If the ordinance was adopted on October 14, 1993 | ||
and amended on August 2, 2010 by the City of Venice. | ||
(97) If the ordinance was adopted on June 1, 1994 by | ||
the City of Markham. | ||
(98) If the ordinance was adopted on May 19, 1998 by | ||
the Village of Bensenville. | ||
(99) If the ordinance was adopted on November 12, 1987 | ||
by the City of Dixon. | ||
(100) If the ordinance was adopted on December 20, 1988 | ||
by the Village of Lansing. | ||
(101) If the ordinance was adopted on October 27, 1998 | ||
by the City of Moline. | ||
(102) If the ordinance was adopted on May 21, 1991 by | ||
the Village of Glenwood. |
(103) If the ordinance was adopted on January 28, 1992 | ||
by the City of East Peoria. | ||
(104) If the ordinance was adopted on December 14, 1998 | ||
by the City of Carlyle. | ||
(105) If the ordinance was adopted on May 17, 2000, as | ||
subsequently amended, by the City of Chicago to create the | ||
Midwest Redevelopment TIF District. | ||
(106) If the ordinance was adopted on September 13, | ||
1989 by the City of Chicago to create the Michigan/Cermak | ||
Area TIF District. | ||
(107) If the ordinance was adopted on March 30, 1992 by | ||
the Village of Ohio. | ||
(108) If the ordinance was adopted on July 6, 1998 by | ||
the Village of Orangeville. | ||
(109) If the ordinance was adopted on December 16, 1997 | ||
by the Village of Germantown. | ||
(110) If the ordinance was adopted on April 28, 2003 by | ||
Gibson City. | ||
(111) If the ordinance was adopted on December 18, 1990 | ||
by the Village of Washington Park, but only after the | ||
Village of Washington Park becomes compliant with the | ||
reporting requirements under subsection (d) of Section | ||
11-74.4-5, and after the State Comptroller's certification | ||
of such compliance. | ||
(112) If the ordinance was adopted on February 28, 2000 | ||
by the City of Harvey. |
(113) If the ordinance was adopted on January 11, 1991 | ||
by the City of Chicago to create the Read/Dunning TIF | ||
District. | ||
(114) If the ordinance was adopted on July 24, 1991 by | ||
the City of Chicago to create the Sanitary and Ship Canal | ||
TIF District. | ||
(115) If the ordinance was adopted on December 4, 2007 | ||
by the City of Naperville. | ||
(116) If the ordinance was adopted on July 1, 2002 by | ||
the Village of Arlington Heights. | ||
(117) If the ordinance was adopted on February 11, 1991 | ||
by the Village of Machesney Park. | ||
(118) If the ordinance was adopted on December 29, 1993 | ||
by the City of Ottawa. | ||
(119) If the ordinance was adopted on June 4, 1991 by | ||
the Village of Lansing. | ||
(120) If the ordinance was adopted on February 10, 2004 | ||
by the Village of Fox Lake. | ||
(121) If the ordinance was adopted on December 22, 1992 | ||
by the City of Fairfield. | ||
(122) If the ordinance was adopted on February 10, 1992 | ||
by the City of Mt. Sterling. | ||
(123) If the ordinance was adopted on March 15, 2004 by | ||
the City of Batavia. | ||
(124) If the ordinance was adopted on March 18, 2002 by | ||
the Village of Lake Zurich. |
(125) If the ordinance was adopted on September 23, | ||
1997 by the City of Granite City. | ||
(126) If the ordinance was adopted on May 8, 2013 by | ||
the Village of Rosemont to create the Higgins Road/River | ||
Road TIF District No. 6. | ||
(127) If the ordinance was adopted on November 22, 1993 | ||
by the City of Arcola. | ||
(128) If the ordinance was adopted on September 7, 2004 | ||
by the City of Arcola. | ||
(129) If the ordinance was adopted on November 29, 1999 | ||
by the City of Paris. | ||
(130) If the ordinance was adopted on September 20, | ||
1994 by the City of Ottawa to create the U.S. Route 6 East | ||
Ottawa TIF. | ||
(131) If the ordinance was adopted on May 2, 2002 by | ||
the Village of Crestwood. | ||
(132) If the ordinance was adopted on October 27, 1992 | ||
by the City of Blue Island. | ||
(133) If the ordinance was adopted on December 23, 1993 | ||
by the City of Lacon. | ||
(134) If the ordinance was adopted on May 4, 1998 by | ||
the Village of Bradford. | ||
(135) If the ordinance was adopted on June 11, 2002 by | ||
the City of Oak Forest. | ||
(136) If the ordinance was adopted on November 16, 1992 | ||
by the City of Pinckneyville. |
(137) If the ordinance was adopted on March 1, 2001 by | ||
the Village of South Jacksonville. | ||
(138) If the ordinance was adopted on February 26, 1992 | ||
by the City of Chicago to create the Stockyards Southeast | ||
Quadrant TIF District. | ||
(139) If the ordinance was adopted on January 25, 1993 | ||
by the City of LaSalle. | ||
(140) If the ordinance was adopted on December 23, 1997 | ||
by the Village of Dieterich. | ||
(141) If the ordinance was adopted on February 10, 2016 | ||
by the Village of Rosemont to create the Balmoral/Pearl TIF | ||
No. 8 Tax Increment Financing Redevelopment Project Area. | ||
(142) If the ordinance was adopted on June 11, 2002 by | ||
the City of Oak Forest. | ||
(143) If the ordinance was adopted on January 31, 1995 | ||
by the Village of Milledgeville. | ||
(144) If the ordinance was adopted on February 5, 1996 | ||
by the Village of Pearl City. | ||
(145) If the ordinance was adopted on December 21, 1994 | ||
by the City of Calumet City. | ||
(146) If the ordinance was adopted on May 5, 2003 by | ||
the Town of Normal. | ||
(147) (146) If the ordinance was adopted on June 2, | ||
1998 by the City of Litchfield. | ||
(148) (143) If the ordinance was adopted on October 23, | ||
1995 by the City of Marion. |
(149) (146) If the ordinance was adopted on May 24, | ||
2001 by the Village of Hanover Park. | ||
(150) (146) If the ordinance was adopted on May 30, | ||
1995 by the Village of Dalzell. | ||
(151) (146) If the ordinance was adopted on April 15, | ||
1997 by the City of Edwardsville. | ||
(152) (147) If the ordinance was adopted on September | ||
5, 1995 by the City of Granite City. | ||
(153) (143) If the ordinance was adopted on June 21, | ||
1999 by the Village of Table Grove. | ||
(154) (146) If the ordinance was adopted on February | ||
23, 1995 by the City of Springfield. | ||
(155) (146) If the ordinance was adopted on August 11, | ||
1999 by the City of Monmouth. | ||
(156) (146) If the ordinance was adopted on December | ||
26, 1995 by the Village of Posen. | ||
(157) (147) If the ordinance was adopted on July 1, | ||
1995 by the Village of Caseyville. | ||
(158) (146) If the ordinance was adopted on January 30, | ||
1996 by the City of Madison. | ||
(159) If the ordinance was adopted on February 2, 1996 | ||
by the Village of Hartford. | ||
(160) If the ordinance was adopted on July 2, 1996 by | ||
the Village of Manlius. | ||
(161) If the ordinance was adopted on March 21, 2000 by | ||
the City of Hoopeston. |
(162) If the ordinance was adopted on March 22, 2005 by | ||
the City of Hoopeston. | ||
(163) If the ordinance was adopted on July 10, 1996 by | ||
the City of Chicago to create the Goose Island TIF | ||
District. | ||
(164) If the ordinance was adopted on December 11, 1996 | ||
by the City of Chicago to create the Bryn Mawr/Broadway TIF | ||
District. | ||
(165) If the ordinance was adopted on December 31, 1995 | ||
by the City of Chicago to create the 95th/Western TIF | ||
District. | ||
(166) If the ordinance was adopted on October 7, 1998 | ||
by the City of Chicago to create the 71st and Stony Island | ||
TIF District. | ||
(167) If the ordinance was adopted on April 19, 1995 by | ||
the Village of North Utica. | ||
(168) If the ordinance was adopted on April 22, 1996 by | ||
the City of LaSalle. | ||
(169) If the ordinance was adopted on June 9, 2008 by | ||
the City of Country Club Hills. | ||
(d) For redevelopment project areas for which bonds were | ||
issued before
July 29, 1991, or for which contracts were | ||
entered into before June 1,
1988, in connection with a | ||
redevelopment project in the area within
the State Sales Tax | ||
Boundary, the estimated dates of completion of the
| ||
redevelopment project and retirement of obligations to finance |
redevelopment
project costs (including refunding bonds under | ||
Section 11-74.4-7) may be extended by municipal ordinance to | ||
December 31, 2013.
The termination procedures of subsection (b) | ||
of Section 11-74.4-8 are not
required for
these redevelopment | ||
project areas in 2009 but are required in 2013.
The extension | ||
allowed by Public Act 87-1272 shall not apply to real
property | ||
tax increment allocation financing under Section 11-74.4-8. | ||
(e) Those dates, for purposes of real property tax | ||
increment allocation
financing pursuant to Section 11-74.4-8 | ||
only, shall be not more than 35 years
for redevelopment project | ||
areas that were adopted on or after December 16,
1986 and for | ||
which at least $8 million worth of municipal bonds were | ||
authorized
on or after December 19, 1989 but before January 1, | ||
1990; provided that the
municipality elects to extend the life | ||
of the redevelopment project area to 35
years by the adoption | ||
of an ordinance after at least 14 but not more than 30
days' | ||
written notice to the taxing bodies, that would otherwise | ||
constitute the
joint review board for the redevelopment project | ||
area, before the adoption of
the ordinance. | ||
(f) Those dates, for purposes of real property tax | ||
increment allocation
financing pursuant to Section 11-74.4-8 | ||
only, shall be not more than 35 years
for redevelopment project | ||
areas that were established on or after December 1,
1981 but | ||
before January 1, 1982 and for which at least $1,500,000 worth | ||
of
tax increment revenue bonds were authorized
on or after | ||
September 30, 1990 but before July 1, 1991; provided that the
|
municipality elects to extend the life of the redevelopment | ||
project area to 35
years by the adoption of an ordinance after | ||
at least 14 but not more than 30
days' written notice to the | ||
taxing bodies, that would otherwise constitute the
joint review | ||
board for the redevelopment project area, before the adoption | ||
of
the ordinance. | ||
(f-5) Those dates, for purposes of real property tax | ||
increment allocation financing pursuant to Section 11-74.4-8 | ||
only, shall be not more than 47 years for redevelopment project | ||
areas that were established on December 29, 1981 by the City of | ||
Springfield; provided that (i) the City of Springfield adopts | ||
an ordinance extending the life of the redevelopment project | ||
area to 47 years and (ii) the City of Springfield provides | ||
notice to the taxing bodies that would otherwise constitute the | ||
joint review board for the redevelopment project area not more | ||
than 30 and not less than 14 days prior to the adoption of that | ||
ordinance. | ||
(g) In consolidating the material relating to completion | ||
dates from Sections 11-74.4-3 and 11-74.4-7 into this Section, | ||
it is not the intent of the General Assembly to make any | ||
substantive change in the law, except for the extension of the | ||
completion dates for the City of Aurora, the Village of Milan,
| ||
the City of West Frankfort, the Village of Libertyville, and | ||
the Village of Hoffman Estates set forth under items (67),
| ||
(68), (69), (70), and (71) of subsection (c) of this Section. | ||
(Source: P.A. 99-78, eff. 7-20-15; 99-136, eff. 7-24-15; |
99-263, eff. 8-4-15; 99-361, eff. 1-1-16; 99-394, eff. 8-18-15; | ||
99-495, eff. 12-17-15; 99-508, eff. 6-24-16; 99-792, eff. | ||
8-12-16; 100-201, eff. 8-18-17; 100-214, eff. 8-18-17; | ||
100-249, eff. 8-22-17; 100-510, eff. 9-15-17; 100-591, eff. | ||
6-21-18; 100-609, eff. 7-17-18; 100-836, eff. 8-13-18; | ||
100-853, eff. 8-14-18; 100-859, eff. 8-14-18; 100-863, eff. | ||
8-14-18; 100-873, eff. 8-14-18; 100-899, eff. 8-17-18; | ||
100-928, eff. 8-17-18; 100-967, eff. 8-19-18; 100-1031, eff. | ||
8-22-18; 100-1032, eff. 8-22-18; revised 9-28-18.)
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Section 99. Effective date. This Act takes effect upon | ||
becoming law.
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