093_SB0417ham001











                                     LRB093 06237 SJM 14476 a

 1                    AMENDMENT TO SENATE BILL 417

 2        AMENDMENT NO.     .  Amend Senate Bill 417  by  replacing
 3    everything after the enacting clause with the following:

 4        "Section  5.   The  Illinois Municipal Code is amended by
 5    changing   Sections   11-74.4-3,   11-74.4-4,    11-74.4-4.1,
 6    11-74.4-7, 11-74.4-8, and 11-74.4-10 as follows:

 7        (65 ILCS 5/11-74.4-3) (from Ch. 24, par. 11-74.4-3)
 8        Sec.   11-74.4-3.  Definitions.    The  following  terms,
 9    wherever used or referred to in this Division 74.4 shall have
10    the following respective  meanings,  unless  in  any  case  a
11    different meaning clearly appears from the context.
12        (a)  For  any  redevelopment  project  area that has been
13    designated pursuant to this Section by an  ordinance  adopted
14    prior  to  November 1, 1999 (the effective date of Public Act
15    91-478), "blighted area" shall have the meaning set forth  in
16    this Section prior to that date.
17        On  and after November 1, 1999, "blighted area" means any
18    improved  or  vacant  area  within  the   boundaries   of   a
19    redevelopment  project  area  located  within the territorial
20    limits of the municipality where:
21             (1)  If  improved,   industrial,   commercial,   and
22        residential  buildings or improvements are detrimental to
 
                            -2-      LRB093 06237 SJM 14476 a
 1        the public  safety,  health,  or  welfare  because  of  a
 2        combination  of  5 or more of the following factors, each
 3        of which is (i) present, with that  presence  documented,
 4        to  a  meaningful  extent  so  that  a  municipality  may
 5        reasonably find that the factor is clearly present within
 6        the  intent  of  the  Act and (ii) reasonably distributed
 7        throughout the improved part of the redevelopment project
 8        area:
 9                  (A)  Dilapidation.   An   advanced   state   of
10             disrepair  or  neglect  of  necessary repairs to the
11             primary  structural  components  of   buildings   or
12             improvements in such a combination that a documented
13             building  condition  analysis  determines that major
14             repair is required or the defects are so serious and
15             so extensive that the buildings must be removed.
16                  (B)  Obsolescence.  The condition or process of
17             falling  into   disuse.   Structures   have   become
18             ill-suited for the original use.
19                  (C)  Deterioration.  With respect to buildings,
20             defects including, but not limited to, major defects
21             in  the secondary building components such as doors,
22             windows,  porches,  gutters  and   downspouts,   and
23             fascia.   With respect to surface improvements, that
24             the condition of roadways, alleys,  curbs,  gutters,
25             sidewalks,  off-street  parking, and surface storage
26             areas evidence  deterioration,  including,  but  not
27             limited  to,  surface cracking, crumbling, potholes,
28             depressions,  loose  paving  material,   and   weeds
29             protruding through paved surfaces.
30                  (D)  Presence  of structures below minimum code
31             standards.  All structures  that  do  not  meet  the
32             standards  of  zoning,  subdivision, building, fire,
33             and other governmental codes applicable to property,
34             but not including housing and  property  maintenance
 
                            -3-      LRB093 06237 SJM 14476 a
 1             codes.
 2                  (E)  Illegal use of individual structures.  The
 3             use   of   structures  in  violation  of  applicable
 4             federal, State, or local laws,  exclusive  of  those
 5             applicable  to  the  presence  of  structures  below
 6             minimum code standards.
 7                  (F)  Excessive   vacancies.   The  presence  of
 8             buildings that are unoccupied or under-utilized  and
 9             that  represent  an  adverse  influence  on the area
10             because of the frequency, extent, or duration of the
11             vacancies.
12                  (G)  Lack of ventilation,  light,  or  sanitary
13             facilities.  The absence of adequate ventilation for
14             light  or air circulation in spaces or rooms without
15             windows, or that require the removal of dust,  odor,
16             gas,  smoke,  or  other  noxious airborne materials.
17             Inadequate natural light and ventilation  means  the
18             absence  of skylights or windows for interior spaces
19             or rooms and improper window sizes  and  amounts  by
20             room   area   to  window  area  ratios.   Inadequate
21             sanitary  facilities  refers  to  the   absence   or
22             inadequacy   of   garbage   storage  and  enclosure,
23             bathroom facilities, hot  water  and  kitchens,  and
24             structural   inadequacies   preventing  ingress  and
25             egress to and from all  rooms  and  units  within  a
26             building.
27                  (H)  Inadequate   utilities.   Underground  and
28             overhead utilities such as storm  sewers  and  storm
29             drainage,  sanitary  sewers,  water  lines, and gas,
30             telephone, and electrical services that are shown to
31             be inadequate.  Inadequate utilities are those  that
32             are:  (i) of insufficient capacity to serve the uses
33             in   the   redevelopment    project    area,    (ii)
34             deteriorated, antiquated, obsolete, or in disrepair,
 
                            -4-      LRB093 06237 SJM 14476 a
 1             or  (iii)  lacking  within the redevelopment project
 2             area.
 3                  (I)  Excessive land coverage  and  overcrowding
 4             of   structures   and   community  facilities.   The
 5             over-intensive use of property and the  crowding  of
 6             buildings  and  accessory  facilities  onto  a site.
 7             Examples  of  problem  conditions   warranting   the
 8             designation  of  an area as one exhibiting excessive
 9             land coverage are: (i)  the  presence  of  buildings
10             either  improperly situated on parcels or located on
11             parcels of inadequate size and shape in relation  to
12             present-day  standards of development for health and
13             safety and (ii) the presence of  multiple  buildings
14             on  a  single  parcel.  For there to be a finding of
15             excessive land coverage, these parcels must  exhibit
16             one   or   more   of   the   following   conditions:
17             insufficient  provision  for light and air within or
18             around buildings, increased threat of spread of fire
19             due to the close proximity  of  buildings,  lack  of
20             adequate  or proper access to a public right-of-way,
21             lack of reasonably required off-street  parking,  or
22             inadequate provision for loading and service.
23                  (J)  Deleterious   land  use  or  layout.   The
24             existence of  incompatible  land-use  relationships,
25             buildings  occupied  by inappropriate mixed-uses, or
26             uses  considered  to  be  noxious,   offensive,   or
27             unsuitable for the surrounding area.
28                  (K)  Environmental   clean-up.    The  proposed
29             redevelopment project  area  has  incurred  Illinois
30             Environmental  Protection  Agency  or  United States
31             Environmental Protection  Agency  remediation  costs
32             for,   or   a  study  conducted  by  an  independent
33             consultant  recognized  as   having   expertise   in
34             environmental remediation has determined a need for,
 
                            -5-      LRB093 06237 SJM 14476 a
 1             the   clean-up   of   hazardous   waste,   hazardous
 2             substances, or underground storage tanks required by
 3             State  or federal law, provided that the remediation
 4             costs  constitute  a  material  impediment  to   the
 5             development  or  redevelopment  of the redevelopment
 6             project area.
 7                  (L)  Lack of community planning.  The  proposed
 8             redevelopment project area was developed prior to or
 9             without the benefit or guidance of a community plan.
10             This  means  that  the development occurred prior to
11             the adoption by the municipality of a  comprehensive
12             or  other  community  plan  or that the plan was not
13             followed at the  time  of  the  area's  development.
14             This  factor  must  be  documented  by  evidence  of
15             adverse   or  incompatible  land-use  relationships,
16             inadequate  street  layout,  improper   subdivision,
17             parcels   of  inadequate  shape  and  size  to  meet
18             contemporary   development   standards,   or   other
19             evidence  demonstrating  an  absence  of   effective
20             community planning.
21                  (M)  The  total equalized assessed value of the
22             proposed redevelopment project area has declined for
23             3 of the last 5 calendar years prior to the year  in
24             which  the  redevelopment project area is designated
25             or is increasing at an annual rate that is less than
26             the balance of the municipality for 3 of the last  5
27             calendar years for which information is available or
28             is  increasing  at  an annual rate that is less than
29             the Consumer Price Index  for  All  Urban  Consumers
30             published  by  the United States Department of Labor
31             or successor agency for 3 of  the  last  5  calendar
32             years  prior  to the year in which the redevelopment
33             project area is designated.
34             (2)  If   vacant,   the   sound   growth   of    the
 
                            -6-      LRB093 06237 SJM 14476 a
 1        redevelopment  project  area is impaired by a combination
 2        of 2 or more of the following factors, each of  which  is
 3        (i)   present,   with  that  presence  documented,  to  a
 4        meaningful extent so that a municipality  may  reasonably
 5        find that the factor is clearly present within the intent
 6        of the Act and (ii) reasonably distributed throughout the
 7        vacant part of the redevelopment project area to which it
 8        pertains:
 9                  (A)  Obsolete  platting  of  vacant  land  that
10             results  in  parcels  of  limited  or narrow size or
11             configurations of parcels of irregular size or shape
12             that would be difficult  to  develop  on  a  planned
13             basis  and  in a manner compatible with contemporary
14             standards and requirements, or platting that  failed
15             to  create  rights-of-ways  for streets or alleys or
16             that  created  inadequate  right-of-way  widths  for
17             streets, alleys, or other  public  rights-of-way  or
18             that omitted easements for public utilities.
19                  (B)  Diversity   of  ownership  of  parcels  of
20             vacant land sufficient in number to retard or impede
21             the ability to assemble the land for development.
22                  (C)  Tax and special  assessment  delinquencies
23             exist  or  the  property has been the subject of tax
24             sales under the Property Tax Code within the last  5
25             years.
26                  (D)  Deterioration   of   structures   or  site
27             improvements in neighboring areas  adjacent  to  the
28             vacant land.
29                  (E)  The    area    has    incurred    Illinois
30             Environmental  Protection  Agency  or  United States
31             Environmental Protection  Agency  remediation  costs
32             for,   or   a  study  conducted  by  an  independent
33             consultant  recognized  as   having   expertise   in
34             environmental remediation has determined a need for,
 
                            -7-      LRB093 06237 SJM 14476 a
 1             the   clean-up   of   hazardous   waste,   hazardous
 2             substances, or underground storage tanks required by
 3             State  or federal law, provided that the remediation
 4             costs  constitute  a  material  impediment  to   the
 5             development  or  redevelopment  of the redevelopment
 6             project area.
 7                  (F)  The total equalized assessed value of  the
 8             proposed redevelopment project area has declined for
 9             3  of the last 5 calendar years prior to the year in
10             which the redevelopment project area  is  designated
11             or is increasing at an annual rate that is less than
12             the  balance of the municipality for 3 of the last 5
13             calendar years for which information is available or
14             is increasing at an annual rate that  is  less  than
15             the  Consumer  Price  Index  for All Urban Consumers
16             published by the United States Department  of  Labor
17             or  successor  agency  for  3 of the last 5 calendar
18             years prior to the year in which  the  redevelopment
19             project area is designated.
20             (3)  If    vacant,   the   sound   growth   of   the
21        redevelopment project area is  impaired  by  one  of  the
22        following factors that (i) is present, with that presence
23        documented, to a meaningful extent so that a municipality
24        may  reasonably  find  that the factor is clearly present
25        within the intent of  the  Act  and  (ii)  is  reasonably
26        distributed   throughout   the   vacant   part   of   the
27        redevelopment project area to which it pertains:
28                  (A)  The  area  consists  of one or more unused
29             quarries, mines, or strip mine ponds.
30                  (B)  The area  consists  of  unused  railyards,
31             rail tracks, or railroad rights-of-way.
32                  (C)  The  area,  prior  to  its designation, is
33             subject to chronic flooding that  adversely  impacts
34             on  real  property  in  the  area  as certified by a
 
                            -8-      LRB093 06237 SJM 14476 a
 1             registered  professional  engineer  or   appropriate
 2             regulatory agency.
 3                  (D)  The  area consists of an unused or illegal
 4             disposal  site  containing  earth,  stone,  building
 5             debris, or similar materials that were removed  from
 6             construction,   demolition,  excavation,  or  dredge
 7             sites.
 8                  (E)  Prior to November 1, 1999, the area is not
 9             less than 50 nor more than  100  acres  and  75%  of
10             which  is  vacant (notwithstanding that the area has
11             been  used  for  commercial  agricultural   purposes
12             within  5  years  prior  to  the  designation of the
13             redevelopment project area), and the area  meets  at
14             least  one  of the factors itemized in paragraph (1)
15             of this subsection, the area has been designated  as
16             a   town   or   village   center   by  ordinance  or
17             comprehensive plan adopted prior to January 1, 1982,
18             and  the  area  has  not  been  developed  for  that
19             designated purpose.
20                  (F)  The area qualified as a blighted  improved
21             area  immediately  prior  to becoming vacant, unless
22             there has been substantial private investment in the
23             immediately surrounding area.
24        (b)  For any redevelopment project  area  that  has  been
25    designated  pursuant  to this Section by an ordinance adopted
26    prior to November 1, 1999 (the effective date of  Public  Act
27    91-478), "conservation area" shall have the meaning set forth
28    in this Section prior to that date.
29        On  and after November 1, 1999, "conservation area" means
30    any improved area within the boundaries  of  a  redevelopment
31    project  area  located  within  the territorial limits of the
32    municipality in which 50% or more of the  structures  in  the
33    area  have  an  age of 35 years or more. Such an  area is not
34    yet a blighted area but because of a combination of 3 or more
 
                            -9-      LRB093 06237 SJM 14476 a
 1    of the following factors is detrimental to the public safety,
 2    health, morals or welfare and  such  an  area  may  become  a
 3    blighted area:
 4             (1)  Dilapidation.   An  advanced state of disrepair
 5        or neglect of necessary repairs to the primary structural
 6        components  of  buildings  or  improvements  in  such   a
 7        combination that a documented building condition analysis
 8        determines  that  major repair is required or the defects
 9        are so serious and so extensive that the  buildings  must
10        be removed.
11             (2)  Obsolescence.   The  condition  or  process  of
12        falling  into  disuse.  Structures have become ill-suited
13        for the original use.
14             (3)  Deterioration.   With  respect  to   buildings,
15        defects  including,  but not limited to, major defects in
16        the secondary building components such as doors, windows,
17        porches,  gutters  and  downspouts,  and  fascia.    With
18        respect  to  surface  improvements, that the condition of
19        roadways, alleys, curbs, gutters,  sidewalks,  off-street
20        parking,    and    surface    storage    areas   evidence
21        deterioration, including, but  not  limited  to,  surface
22        cracking,  crumbling, potholes, depressions, loose paving
23        material, and weeds protruding through paved surfaces.
24             (4)  Presence  of  structures  below  minimum   code
25        standards.  All structures that do not meet the standards
26        of   zoning,   subdivision,  building,  fire,  and  other
27        governmental  codes  applicable  to  property,  but   not
28        including housing and property maintenance codes.
29             (5)  Illegal  use of individual structures.  The use
30        of structures in violation of applicable federal,  State,
31        or  local  laws,  exclusive  of  those  applicable to the
32        presence of structures below minimum code standards.
33             (6)  Excessive vacancies.  The presence of buildings
34        that are unoccupied or under-utilized and that  represent
 
                            -10-     LRB093 06237 SJM 14476 a
 1        an   adverse   influence  on  the  area  because  of  the
 2        frequency, extent, or duration of the vacancies.
 3             (7)  Lack  of  ventilation,   light,   or   sanitary
 4        facilities.   The  absence  of  adequate  ventilation for
 5        light or air  circulation  in  spaces  or  rooms  without
 6        windows,  or that require the removal of dust, odor, gas,
 7        smoke, or other noxious airborne  materials.   Inadequate
 8        natural  light  and  ventilation  means  the  absence  or
 9        inadequacy of skylights or windows for interior spaces or
10        rooms  and improper window sizes and amounts by room area
11        to window area ratios.   Inadequate  sanitary  facilities
12        refers  to  the  absence or inadequacy of garbage storage
13        and  enclosure,  bathroom  facilities,  hot   water   and
14        kitchens,  and structural inadequacies preventing ingress
15        and egress to and from  all  rooms  and  units  within  a
16        building.
17             (8)  Inadequate utilities.  Underground and overhead
18        utilities  such  as  storm  sewers  and  storm  drainage,
19        sanitary  sewers,  water  lines,  and gas, telephone, and
20        electrical services that  are  shown  to  be  inadequate.
21        Inadequate   utilities   are   those  that  are:  (i)  of
22        insufficient  capacity  to  serve   the   uses   in   the
23        redevelopment    project    area,    (ii)   deteriorated,
24        antiquated, obsolete, or in disrepair, or  (iii)  lacking
25        within the redevelopment project area.
26             (9)  Excessive  land  coverage  and  overcrowding of
27        structures and community facilities.  The  over-intensive
28        use  of  property  and  the  crowding  of  buildings  and
29        accessory  facilities  onto  a site.  Examples of problem
30        conditions warranting the designation of an area  as  one
31        exhibiting  excessive  land coverage are: the presence of
32        buildings  either  improperly  situated  on  parcels   or
33        located  on  parcels  of  inadequate  size  and  shape in
34        relation to  present-day  standards  of  development  for
 
                            -11-     LRB093 06237 SJM 14476 a
 1        health  and safety and the presence of multiple buildings
 2        on a single  parcel.   For  there  to  be  a  finding  of
 3        excessive  land  coverage, these parcels must exhibit one
 4        or  more  of  the  following   conditions:   insufficient
 5        provision  for  light and air within or around buildings,
 6        increased threat of spread  of  fire  due  to  the  close
 7        proximity of buildings, lack of adequate or proper access
 8        to  a  public  right-of-way,  lack of reasonably required
 9        off-street parking, or inadequate provision  for  loading
10        and service.
11             (10)  Deleterious land use or layout.  The existence
12        of   incompatible   land-use   relationships,   buildings
13        occupied  by inappropriate mixed-uses, or uses considered
14        to  be  noxious,  offensive,  or   unsuitable   for   the
15        surrounding area.
16             (11)  Lack  of  community  planning.   The  proposed
17        redevelopment  project  area  was  developed  prior to or
18        without the benefit or guidance of a community plan. This
19        means that the development occurred prior to the adoption
20        by the municipality of a comprehensive or other community
21        plan or that the plan was not followed at the time of the
22        area's development.  This factor must  be  documented  by
23        evidence    of    adverse    or   incompatible   land-use
24        relationships,   inadequate   street   layout,   improper
25        subdivision, parcels of inadequate shape and size to meet
26        contemporary development  standards,  or  other  evidence
27        demonstrating an absence of effective community planning.
28             (12)  The  area  has incurred Illinois Environmental
29        Protection  Agency   or   United   States   Environmental
30        Protection  Agency  remediation  costs  for,  or  a study
31        conducted by  an  independent  consultant  recognized  as
32        having   expertise   in   environmental  remediation  has
33        determined a need for, the clean-up of  hazardous  waste,
34        hazardous   substances,   or  underground  storage  tanks
 
                            -12-     LRB093 06237 SJM 14476 a
 1        required by State  or  federal  law,  provided  that  the
 2        remediation costs constitute a material impediment to the
 3        development or redevelopment of the redevelopment project
 4        area.
 5             (13)  The  total  equalized  assessed  value  of the
 6        proposed redevelopment project area has declined for 3 of
 7        the last  5  calendar  years  for  which  information  is
 8        available or is increasing at an annual rate that is less
 9        than  the balance of the municipality for 3 of the last 5
10        calendar years for which information is available  or  is
11        increasing  at  an  annual  rate  that  is  less than the
12        Consumer Price Index for All Urban Consumers published by
13        the United States Department of Labor or successor agency
14        for 3 of the last 5 calendar years for which  information
15        is available.
16        (c)  "Industrial  park"  means  an  area in a blighted or
17    conservation area suitable  for  use  by  any  manufacturing,
18    industrial,   research   or   transportation  enterprise,  of
19    facilities to include but not be limited to factories, mills,
20    processing   plants,   assembly   plants,   packing   plants,
21    fabricating   plants,   industrial   distribution    centers,
22    warehouses,  repair  overhaul  or service facilities, freight
23    terminals, research facilities, test facilities  or  railroad
24    facilities.
25        (d)  "Industrial  park  conservation  area" means an area
26    within the boundaries of a redevelopment project area located
27    within the territorial limits of a  municipality  that  is  a
28    labor  surplus  municipality  or  within  1  1/2 miles of the
29    territorial limits of a municipality that is a labor  surplus
30    municipality  if  the  area  is  annexed to the municipality;
31    which area is zoned as industrial no later than at  the  time
32    the  municipality  by  ordinance designates the redevelopment
33    project area,  and  which  area  includes  both  vacant  land
34    suitable for use as an industrial park and a blighted area or
 
                            -13-     LRB093 06237 SJM 14476 a
 1    conservation area contiguous to such vacant land.
 2        (e)  "Labor surplus municipality" means a municipality in
 3    which,   at   any   time  during  the  6  months  before  the
 4    municipality  by  ordinance  designates  an  industrial  park
 5    conservation area, the unemployment rate was over 6% and  was
 6    also  100%  or more of the national average unemployment rate
 7    for  that  same  time  as  published  in  the  United  States
 8    Department of Labor Bureau of  Labor  Statistics  publication
 9    entitled   "The   Employment   Situation"  or  its  successor
10    publication.  For  the  purpose  of   this   subsection,   if
11    unemployment  rate  statistics  for  the municipality are not
12    available, the unemployment rate in the municipality shall be
13    deemed to be  the  same  as  the  unemployment  rate  in  the
14    principal county in which the municipality is located.
15        (f)  "Municipality"   shall   mean  a  city,  village  or
16    incorporated town.
17        (g)  "Initial Sales Tax  Amounts"  means  the  amount  of
18    taxes  paid  under the Retailers' Occupation Tax Act, Use Tax
19    Act, Service Use Tax Act, the Service Occupation Tax Act, the
20    Municipal Retailers' Occupation Tax Act,  and  the  Municipal
21    Service  Occupation  Tax  Act  by retailers and servicemen on
22    transactions at places located in a State Sales Tax  Boundary
23    during the calendar year 1985.
24        (g-1)  "Revised  Initial  Sales  Tax  Amounts"  means the
25    amount of taxes paid under the Retailers' Occupation Tax Act,
26    Use Tax Act, Service Use Tax Act, the Service Occupation  Tax
27    Act,  the  Municipal  Retailers'  Occupation Tax Act, and the
28    Municipal  Service  Occupation  Tax  Act  by  retailers   and
29    servicemen on transactions at places located within the State
30    Sales  Tax Boundary revised pursuant to Section 11-74.4-8a(9)
31    of this Act.
32        (h)  "Municipal Sales  Tax  Increment"  means  an  amount
33    equal  to  the increase in the aggregate amount of taxes paid
34    to a municipality from the Local Government Tax Fund  arising
 
                            -14-     LRB093 06237 SJM 14476 a
 1    from   sales   by   retailers   and   servicemen  within  the
 2    redevelopment project area or State Sales  Tax  Boundary,  as
 3    the  case  may  be,  for as long as the redevelopment project
 4    area or State Sales Tax Boundary, as the case may  be,  exist
 5    over  and above the aggregate amount of taxes as certified by
 6    the  Illinois  Department  of  Revenue  and  paid  under  the
 7    Municipal Retailers' Occupation Tax  Act  and  the  Municipal
 8    Service  Occupation  Tax  Act by retailers and servicemen, on
 9    transactions  at  places   of   business   located   in   the
10    redevelopment  project  area  or State Sales Tax Boundary, as
11    the case may be, during the base  year  which  shall  be  the
12    calendar  year  immediately  prior  to  the year in which the
13    municipality adopted tax increment allocation financing.  For
14    purposes of computing the aggregate amount of such taxes  for
15    base years occurring prior to 1985, the Department of Revenue
16    shall  determine the Initial Sales Tax Amounts for such taxes
17    and deduct therefrom an amount equal to 4% of  the  aggregate
18    amount of taxes per year for each year the base year is prior
19    to  1985,  but  not  to  exceed a total deduction of 12%. The
20    amount so determined shall be known as the "Adjusted  Initial
21    Sales   Tax   Amounts".   For  purposes  of  determining  the
22    Municipal Sales Tax  Increment,  the  Department  of  Revenue
23    shall  for  each  period subtract from the amount paid to the
24    municipality from the Local Government Tax Fund arising  from
25    sales  by retailers and servicemen on transactions located in
26    the  redevelopment  project  area  or  the  State  Sales  Tax
27    Boundary, as the case may be, the certified Initial Sales Tax
28    Amounts, the  Adjusted  Initial  Sales  Tax  Amounts  or  the
29    Revised   Initial   Sales   Tax  Amounts  for  the  Municipal
30    Retailers' Occupation  Tax  Act  and  the  Municipal  Service
31    Occupation  Tax  Act.   For  the State Fiscal Year 1989, this
32    calculation shall be made by utilizing the calendar year 1987
33    to determine the tax amounts received.  For the State  Fiscal
34    Year  1990,  this  calculation shall be made by utilizing the
 
                            -15-     LRB093 06237 SJM 14476 a
 1    period from January 1, 1988, until  September  30,  1988,  to
 2    determine   the  tax  amounts  received  from  retailers  and
 3    servicemen pursuant to the  Municipal  Retailers'  Occupation
 4    Tax and the Municipal Service Occupation Tax Act, which shall
 5    have   deducted  therefrom  nine-twelfths  of  the  certified
 6    Initial Sales Tax Amounts, the  Adjusted  Initial  Sales  Tax
 7    Amounts   or   the  Revised  Initial  Sales  Tax  Amounts  as
 8    appropriate. For the State Fiscal Year 1991, this calculation
 9    shall be made by utilizing the period from October  1,  1988,
10    to  June 30, 1989, to determine the tax amounts received from
11    retailers and servicemen pursuant to the Municipal Retailers'
12    Occupation Tax and the Municipal Service Occupation  Tax  Act
13    which  shall  have  deducted  therefrom  nine-twelfths of the
14    certified Initial Sales Tax Amounts, Adjusted  Initial  Sales
15    Tax  Amounts  or  the  Revised  Initial  Sales Tax Amounts as
16    appropriate. For every  State  Fiscal  Year  thereafter,  the
17    applicable period shall be the 12 months beginning July 1 and
18    ending  June  30  to determine the tax amounts received which
19    shall have deducted therefrom the certified Initial Sales Tax
20    Amounts, the  Adjusted  Initial  Sales  Tax  Amounts  or  the
21    Revised Initial Sales Tax Amounts, as the case may be.
22        (i)  "Net State Sales Tax Increment" means the sum of the
23    following:  (a)  80% of the first $100,000 of State Sales Tax
24    Increment  annually  generated  within  a  State  Sales   Tax
25    Boundary; (b) 60% of the amount in excess of $100,000 but not
26    exceeding  $500,000  of  State  Sales  Tax Increment annually
27    generated within a State Sales Tax Boundary; and (c)  40%  of
28    all  amounts  in  excess  of  $500,000  of  State  Sales  Tax
29    Increment   annually  generated  within  a  State  Sales  Tax
30    Boundary.  If, however,  a  municipality  established  a  tax
31    increment financing district in a county with a population in
32    excess   of   3,000,000  before  January  1,  1986,  and  the
33    municipality entered into a contract or  issued  bonds  after
34    January  1,  1986,  but  before December 31, 1986, to finance
 
                            -16-     LRB093 06237 SJM 14476 a
 1    redevelopment  project  costs  within  a  State   Sales   Tax
 2    Boundary,  then  the Net State Sales Tax Increment means, for
 3    the fiscal years beginning July 1, 1990, and  July  1,  1991,
 4    100%  of  the  State  Sales  Tax Increment annually generated
 5    within a State Sales Tax Boundary;  and  notwithstanding  any
 6    other  provision  of  this  Act,  for  those fiscal years the
 7    Department   of   Revenue   shall   distribute    to    those
 8    municipalities  100%  of  their Net State Sales Tax Increment
 9    before  any  distribution  to  any  other  municipality   and
10    regardless  of whether or not those other municipalities will
11    receive 100% of their Net State  Sales  Tax  Increment.   For
12    Fiscal  Year  1999,  and every year thereafter until the year
13    2007, for any  municipality  that  has  not  entered  into  a
14    contract  or  has  not  issued bonds prior to June 1, 1988 to
15    finance redevelopment project costs within a State Sales  Tax
16    Boundary,   the  Net  State  Sales  Tax  Increment  shall  be
17    calculated as follows: By multiplying the Net State Sales Tax
18    Increment by 90% in the State Fiscal Year 1999;  80%  in  the
19    State  Fiscal  Year  2000; 70% in the State Fiscal Year 2001;
20    60% in the State Fiscal Year 2002; 50% in  the  State  Fiscal
21    Year  2003;  40%  in  the  State Fiscal Year 2004; 30% in the
22    State Fiscal Year 2005; 20% in the State  Fiscal  Year  2006;
23    and  10%  in  the State Fiscal Year 2007. No payment shall be
24    made for State Fiscal Year 2008 and thereafter.
25        Municipalities that issued bonds  in  connection  with  a
26    redevelopment  project in a redevelopment project area within
27    the State Sales Tax Boundary prior to July 29, 1991, or  that
28    entered  into  contracts  in  connection with a redevelopment
29    project in a redevelopment project area before June 1,  1988,
30    shall  continue  to  receive  their proportional share of the
31    Illinois Tax Increment Fund distribution until  the  date  on
32    which  the  redevelopment project is completed or terminated.
33    If, however, a municipality that issued bonds  in  connection
34    with  a redevelopment project in a redevelopment project area
 
                            -17-     LRB093 06237 SJM 14476 a
 1    within the State Sales Tax Boundary prior to  July  29,  1991
 2    retires  the  bonds  prior to June 30, 2007 or a municipality
 3    that  entered   into   contracts   in   connection   with   a
 4    redevelopment  project in a redevelopment project area before
 5    June 1, 1988 completes the contracts prior to June 30,  2007,
 6    then so long as the redevelopment project is not completed or
 7    is not terminated, the Net State Sales Tax Increment shall be
 8    calculated,  beginning  on  the  date  on which the bonds are
 9    retired or the  contracts  are  completed,  as  follows:   By
10    multiplying  the  Net State Sales Tax Increment by 60% in the
11    State Fiscal Year 2002; 50% in the State  Fiscal  Year  2003;
12    40%  in  the  State Fiscal Year 2004; 30% in the State Fiscal
13    Year 2005; 20% in the State Fiscal Year 2006; and 10% in  the
14    State  Fiscal  Year 2007.  No payment shall be made for State
15    Fiscal Year 2008  and  thereafter.  Refunding  of  any  bonds
16    issued  prior to July 29, 1991, shall not alter the Net State
17    Sales Tax Increment.
18        (j)  "State Utility Tax Increment Amount" means an amount
19    equal to the aggregate increase in State electric and gas tax
20    charges imposed on owners and tenants, other than residential
21    customers, of properties  located  within  the  redevelopment
22    project area under Section 9-222 of the Public Utilities Act,
23    over  and above the aggregate of such charges as certified by
24    the Department of Revenue and paid  by  owners  and  tenants,
25    other  than  residential  customers, of properties within the
26    redevelopment project area during the base year, which  shall
27    be  the  calendar  year  immediately prior to the year of the
28    adoption  of  the   ordinance   authorizing   tax   increment
29    allocation financing.
30        (k)  "Net  State  Utility Tax Increment" means the sum of
31    the following: (a) 80% of the first $100,000 of State Utility
32    Tax Increment annually generated by a  redevelopment  project
33    area;  (b)  60%  of  the amount in excess of $100,000 but not
34    exceeding  $500,000  of  the  State  Utility  Tax   Increment
 
                            -18-     LRB093 06237 SJM 14476 a
 1    annually  generated  by a redevelopment project area; and (c)
 2    40% of all amounts in excess of $500,000 of State Utility Tax
 3    Increment annually generated by a redevelopment project area.
 4    For the State Fiscal Year 1999,  and  every  year  thereafter
 5    until  the  year  2007,  for  any  municipality  that has not
 6    entered into a contract or has not issued bonds prior to June
 7    1, 1988 to  finance  redevelopment  project  costs  within  a
 8    redevelopment   project  area,  the  Net  State  Utility  Tax
 9    Increment shall be calculated as follows: By multiplying  the
10    Net  State  Utility  Tax Increment by 90% in the State Fiscal
11    Year 1999; 80% in the State Fiscal  Year  2000;  70%  in  the
12    State  Fiscal  Year  2001; 60% in the State Fiscal Year 2002;
13    50% in the State Fiscal Year 2003; 40% in  the  State  Fiscal
14    Year  2004;  30%  in  the  State Fiscal Year 2005; 20% in the
15    State Fiscal Year 2006; and 10%  in  the  State  Fiscal  Year
16    2007. No payment shall be made for the State Fiscal Year 2008
17    and thereafter.
18        Municipalities  that  issue  bonds in connection with the
19    redevelopment project during the period  from  June  1,  1988
20    until 3 years after the effective date of this Amendatory Act
21    of  1988  shall  receive the Net State Utility Tax Increment,
22    subject to appropriation, for 15 State Fiscal Years after the
23    issuance of such bonds.  For the 16th through the 20th  State
24    Fiscal  Years  after  issuance  of  the  bonds, the Net State
25    Utility Tax Increment shall  be  calculated  as  follows:  By
26    multiplying  the  Net  State  Utility Tax Increment by 90% in
27    year 16; 80% in year 17; 70% in year 18; 60% in year 19;  and
28    50%  in  year 20. Refunding of any bonds issued prior to June
29    1, 1988, shall not alter the revised Net  State  Utility  Tax
30    Increment payments set forth above.
31        (l)  "Obligations"  mean bonds, loans, debentures, notes,
32    special certificates or other evidence of indebtedness issued
33    by the municipality to carry out a redevelopment  project  or
34    to refund outstanding obligations.
 
                            -19-     LRB093 06237 SJM 14476 a
 1        (m)  "Payment in lieu of taxes" means those estimated tax
 2    revenues  from  real property in a redevelopment project area
 3    derived from real  property  that  has  been  acquired  by  a
 4    municipality  which according to the redevelopment project or
 5    plan is to be used for a private use which  taxing  districts
 6    would  have received had a municipality not acquired the real
 7    property and adopted tax increment allocation  financing  and
 8    which  would  result  from  levies made after the time of the
 9    adoption of tax increment allocation financing  to  the  time
10    the   current   equalized  value  of  real  property  in  the
11    redevelopment  project  area  exceeds   the   total   initial
12    equalized value of real property in said area.
13        (n)  "Redevelopment plan" means the comprehensive program
14    of the municipality for development or redevelopment intended
15    by  the  payment  of redevelopment project costs to reduce or
16    eliminate those conditions the existence of  which  qualified
17    the  redevelopment  project  area  as  a  "blighted  area" or
18    "conservation area" or  combination  thereof  or  "industrial
19    park conservation area," and thereby to enhance the tax bases
20    of  the  taxing districts which extend into the redevelopment
21    project area. On and after November 1,  1999  (the  effective
22    date  of  Public  Act  91-478),  no redevelopment plan may be
23    approved or amended that includes the development  of  vacant
24    land  (i)  with a golf course and related clubhouse and other
25    facilities or (ii) designated by federal, State,  county,  or
26    municipal  government as public land for outdoor recreational
27    activities or for nature preserves and used for that  purpose
28    within  5  years  prior  to the adoption of the redevelopment
29    plan.  For the  purpose  of  this  subsection,  "recreational
30    activities"  is  limited  to  mean  camping and hunting. Each
31    redevelopment plan shall set forth in writing the program  to
32    be undertaken to accomplish the objectives  and shall include
33    but not be limited to:
34             (A)  an  itemized  list  of  estimated redevelopment
 
                            -20-     LRB093 06237 SJM 14476 a
 1        project costs;
 2             (B)  evidence  indicating  that  the   redevelopment
 3        project  area on the whole has not been subject to growth
 4        and development through investment by private enterprise;
 5             (C)  an assessment of any financial  impact  of  the
 6        redevelopment project area on or any increased demand for
 7        services  from  any  taxing district affected by the plan
 8        and any program  to  address  such  financial  impact  or
 9        increased demand;
10             (D)  the sources of funds to pay costs;
11             (E)  the  nature  and  term of the obligations to be
12        issued;
13             (F)  the most recent equalized assessed valuation of
14        the redevelopment project area;
15             (G)  an  estimate  as  to  the  equalized   assessed
16        valuation  after  redevelopment and the general land uses
17        to apply in the redevelopment project area;
18             (H)  a commitment to fair employment  practices  and
19        an affirmative action plan;
20             (I)  if  it concerns an industrial park conservation
21        area, the plan shall also include a  general  description
22        of  any  proposed  developer,  user  and  tenant  of  any
23        property,  a  description  of  the  type,  structure  and
24        general  character  of  the facilities to be developed, a
25        description  of  the  type,  class  and  number  of   new
26        employees   to  be  employed  in  the  operation  of  the
27        facilities to be developed; and
28             (J)  if  property  is   to   be   annexed   to   the
29        municipality,  the  plan  shall  include the terms of the
30        annexation agreement.
31        The provisions of items (B) and (C)  of  this  subsection
32    (n)  shall  not apply to a municipality that before March 14,
33    1994 (the effective date of Public  Act  88-537)  had  fixed,
34    either  by  its  corporate  authorities  or  by  a commission
 
                            -21-     LRB093 06237 SJM 14476 a
 1    designated under subsection (k) of Section 11-74.4-4, a  time
 2    and  place for a public hearing as required by subsection (a)
 3    of Section 11-74.4-5. No redevelopment plan shall be  adopted
 4    unless  a  municipality  complies  with  all of the following
 5    requirements:
 6             (1)  The municipality finds that  the  redevelopment
 7        project  area on the whole has not been subject to growth
 8        and development through investment by private  enterprise
 9        and  would  not reasonably be anticipated to be developed
10        without the adoption of the redevelopment plan.
11             (2)  The municipality finds that  the  redevelopment
12        plan  and  project  conform to the comprehensive plan for
13        the development of the municipality as a whole,  or,  for
14        municipalities  with  a  population  of  100,000 or more,
15        regardless of when the redevelopment plan and project was
16        adopted, the redevelopment plan and project  either:  (i)
17        conforms   to   the  strategic  economic  development  or
18        redevelopment plan  issued  by  the  designated  planning
19        authority of the municipality, or (ii) includes land uses
20        that have been approved by the planning commission of the
21        municipality.
22             (3)  The    redevelopment   plan   establishes   the
23        estimated  dates  of  completion  of  the   redevelopment
24        project  and  retirement of obligations issued to finance
25        redevelopment project costs.  Those dates  shall  not  be
26        later  than  December 31 of the year in which the payment
27        to the municipal treasurer as provided in subsection  (b)
28        of  Section  11-74.4-8  of  this  Act  is to be made with
29        respect to ad valorem taxes levied  in  the  twenty-third
30        calendar  year  after  the  year  in  which the ordinance
31        approving the redevelopment project area  is  adopted  if
32        the  ordinance  was adopted on or after January 15, 1981,
33        and not later than December 31 of the year in  which  the
34        payment   to  the  municipal  treasurer  as  provided  in
 
                            -22-     LRB093 06237 SJM 14476 a
 1        subsection (b) of Section 11-74.4-8 of this Act is to  be
 2        made  with  respect  to  ad  valorem  taxes levied in the
 3        thirty-fifth calendar year after the year  in  which  the
 4        ordinance  approving  the  redevelopment  project area is
 5        adopted:
 6                  (A)  if  the  ordinance  was   adopted   before
 7             January 15, 1981, or
 8                  (B)  if  the  ordinance was adopted in December
 9             1983, April 1984, July 1985, or December 1989, or
10                  (C)  if the ordinance was adopted  in  December
11             1987 and the redevelopment project is located within
12             one mile of Midway Airport, or
13                  (D)  if   the   ordinance  was  adopted  before
14             January 1, 1987 by a municipality in  Mason  County,
15             or
16                  (E)  if  the  municipality  is  subject  to the
17             Local Government Financial Planning and  Supervision
18             Act or the Financially Distressed City Law, or
19                  (F)  if  the  ordinance was adopted in December
20             1984 by the Village of Rosemont, or
21                  (G)  if the ordinance was adopted  on  December
22             31, 1986 by a municipality located in Clinton County
23             for  which  at least $250,000 of tax increment bonds
24             were  authorized  on  June  17,  1997,  or  if   the
25             ordinance  was  adopted  on  December  31, 1986 by a
26             municipality with a population in 1990 of less  than
27             3,600  that is located in a county with a population
28             in 1990 of less than 34,000 and for which  at  least
29             $250,000  of  tax increment bonds were authorized on
30             June 17, 1997, or
31                  (H)  if the ordinance was adopted on October 5,
32             1982 by the City of Kankakee, or  if  the  ordinance
33             was  adopted on December 29, 1986 by East St. Louis,
34             or
 
                            -23-     LRB093 06237 SJM 14476 a
 1                  (I)  if the ordinance was adopted  on  November
 2             12, 1991 by the Village of Sauget, or
 3                  (J)  if  the  ordinance was adopted on February
 4             11, 1985 by the City of Rock Island, or
 5                  (K)  if  the  ordinance  was   adopted   before
 6             December 18, 1986 by the City of Moline, or
 7                  (L)  if  the ordinance was adopted in September
 8             1988 by Sauk Village, or
 9                  (M)  if the ordinance was  adopted  in  October
10             1993 by Sauk Village, or
11                  (N)  if  the  ordinance was adopted on December
12             29, 1986 by the City of Galva, or
13                  (O)  if the ordinance was adopted in March 1991
14             by the City of Centreville, or
15                  (P)  if the ordinance was  adopted  on  January
16             23, 1991 by the City of East St. Louis, or
17                  (Q)  if  the  ordinance was adopted on December
18             22, 1986 by the City of Aledo, or
19                  (R)  if the ordinance was adopted  on  February
20             5, 1990 by the City of Clinton, or
21                  (S)  if  the ordinance was adopted on September
22             6, 1994 by the City of Freeport, or
23                  (T)  if the ordinance was adopted  on  December
24             22, 1986 by the City of Tuscola, or
25                  (U)  if  the  ordinance was adopted on December
26             23, 1986 by the City of Sparta, or
27                  (V)  if the ordinance was adopted  on  December
28             23, 1986 by the City of Beardstown, or
29                  (W)  if  the ordinance was adopted on April 27,
30             1981, October 21, 1985, or December 30, 1986 by  the
31             City of Belleville, or
32                  (X)  if  the  ordinance was adopted on December
33             29, 1986 by the City of Collinsville, or
34                  (Y)  if the ordinance was adopted on  September
 
                            -24-     LRB093 06237 SJM 14476 a
 1             14, 1994 by the City of Alton, or
 2                  (Z)  if  the  ordinance was adopted on November
 3             11, 1996 by the City of Lexington, or
 4                  (AA)  if the ordinance was adopted on  November
 5             5, 1984 by the City of LeRoy.
 6             However,  for  redevelopment project areas for which
 7        bonds were issued before July  29,  1991,  or  for  which
 8        contracts  were  entered  into  before  June  1, 1988, in
 9        connection with  a  redevelopment  project  in  the  area
10        within  the State Sales Tax Boundary, the estimated dates
11        of completion of the redevelopment project and retirement
12        of obligations to finance redevelopment project costs may
13        be  extended by municipal ordinance to December 31, 2013.
14        The termination procedures of subsection (b)  of  Section
15        11-74.4-8   are  not  required  for  these  redevelopment
16        project areas in 2009  but  are  required  in  2013.  The
17        extension  allowed  by  this amendatory Act of 1993 shall
18        not apply  to  real  property  tax  increment  allocation
19        financing under Section 11-74.4-8.
20             A  municipality  may by municipal ordinance amend an
21        existing redevelopment plan to conform to this  paragraph
22        (3)  as  amended  by  Public  Act 91-478, which municipal
23        ordinance may  be  adopted  without  further  hearing  or
24        notice and without complying with the procedures provided
25        in  this Act pertaining to an amendment to or the initial
26        approval  of  a  redevelopment  plan  and   project   and
27        designation of a redevelopment project area.
28             Those  dates,  for  purposes  of  real  property tax
29        increment  allocation  financing  pursuant   to   Section
30        11-74.4-8  only,  shall  be  not  more  than 35 years for
31        redevelopment project areas that were adopted on or after
32        December 16, 1986 and for which at least $8 million worth
33        of municipal bonds were authorized on or  after  December
34        19,  1989  but  before January 1, 1990; provided that the
 
                            -25-     LRB093 06237 SJM 14476 a
 1        municipality  elects  to   extend   the   life   of   the
 2        redevelopment project area to 35 years by the adoption of
 3        an ordinance after at least 14 but not more than 30 days'
 4        written notice to the taxing bodies, that would otherwise
 5        constitute  the  joint review board for the redevelopment
 6        project area, before the adoption of the ordinance.
 7             Those dates,  for  purposes  of  real  property  tax
 8        increment   allocation   financing  pursuant  to  Section
 9        11-74.4-8 only, shall be  not  more  than  35  years  for
10        redevelopment  project  areas that were established on or
11        after December 1, 1981 but before January 1, 1982 and for
12        which at least $1,500,000 worth of tax increment  revenue
13        bonds  were authorized on or after September 30, 1990 but
14        before July  1,  1991;  provided  that  the  municipality
15        elects  to  extend  the life of the redevelopment project
16        area to 35 years by the adoption of an ordinance after at
17        least 14 but not more than 30 days' written notice to the
18        taxing bodies, that would otherwise constitute the  joint
19        review  board  for the redevelopment project area, before
20        the adoption of the ordinance.
21             (3.5)  The municipality finds, in  the  case  of  an
22        industrial   park   conservation   area,  also  that  the
23        municipality is a labor surplus municipality and that the
24        implementation of  the  redevelopment  plan  will  reduce
25        unemployment, create new jobs and by the provision of new
26        facilities  enhance  the tax base of the taxing districts
27        that extend into the redevelopment project area.
28             (4)  If any incremental revenues are being  utilized
29        under   Section   8(a)(1)  or  8(a)(2)  of  this  Act  in
30        redevelopment project areas approved by  ordinance  after
31        January  1,  1986,  the  municipality finds: (a) that the
32        redevelopment  project  area  would  not  reasonably   be
33        developed  without  the use of such incremental revenues,
34        and  (b)  that  such   incremental   revenues   will   be
 
                            -26-     LRB093 06237 SJM 14476 a
 1        exclusively   utilized   for   the   development  of  the
 2        redevelopment project area.
 3             (5)  If the redevelopment plan will  not  result  in
 4        displacement  of  residents  from  10  or  more inhabited
 5        residential units, and the municipality certifies in  the
 6        plan  that  such  displacement  will  not result from the
 7        plan, a housing impact study need not be  performed.  If,
 8        however,  the  redevelopment  plan  would  result  in the
 9        displacement of  residents  from  10  or  more  inhabited
10        residential  units,  or if the redevelopment project area
11        contains 75 or more inhabited residential  units  and  no
12        certification   is  made,  then  the  municipality  shall
13        prepare, as  part  of  the  separate  feasibility  report
14        required  by  subsection  (a)  of  Section  11-74.4-5,  a
15        housing impact study.
16             Part I of the housing impact study shall include (i)
17        data  as  to  whether  the  residential  units are single
18        family or multi-family units, (ii) the number and type of
19        rooms within the units, if that information is available,
20        (iii) whether the units are inhabited or uninhabited,  as
21        determined not less than 45 days before the date that the
22        ordinance  or  resolution  required  by subsection (a) of
23        Section 11-74.4-5 is passed, and  (iv)  data  as  to  the
24        racial  and  ethnic  composition  of the residents in the
25        inhabited residential units.  The data requirement as  to
26        the racial and ethnic composition of the residents in the
27        inhabited  residential  units shall be deemed to be fully
28        satisfied by data from the most recent federal census.
29             Part II of the housing impact study  shall  identify
30        the   inhabited   residential   units   in  the  proposed
31        redevelopment project area that  are  to  be  or  may  be
32        removed.   If  inhabited  residential  units  are  to  be
33        removed, then the housing impact study shall identify (i)
34        the  number  and location of those units that will or may
 
                            -27-     LRB093 06237 SJM 14476 a
 1        be removed, (ii) the municipality's plans for  relocation
 2        assistance   for   those   residents   in   the  proposed
 3        redevelopment project area whose  residences  are  to  be
 4        removed,  (iii)  the  availability of replacement housing
 5        for those residents whose residences are to  be  removed,
 6        and  shall  identify  the type, location, and cost of the
 7        housing, and (iv)  the  type  and  extent  of  relocation
 8        assistance to be provided.
 9             (6)  On  and  after  November  1,  1999, the housing
10        impact  study  required  by  paragraph   (5)   shall   be
11        incorporated   in   the   redevelopment   plan   for  the
12        redevelopment project area.
13             (7)  On and after November 1, 1999, no redevelopment
14        plan shall be adopted, nor an existing plan amended,  nor
15        shall  residential housing that is occupied by households
16        of low-income and very low-income  persons  in  currently
17        existing  redevelopment  project  areas  be removed after
18        November 1, 1999 unless the redevelopment plan  provides,
19        with  respect  to  inhabited housing units that are to be
20        removed for households of low-income and very  low-income
21        persons, affordable housing and relocation assistance not
22        less  than that which would be provided under the federal
23        Uniform   Relocation   Assistance   and   Real   Property
24        Acquisition Policies Act  of  1970  and  the  regulations
25        under  that  Act,  including  the  eligibility  criteria.
26        Affordable  housing  may  be  either  existing  or  newly
27        constructed  housing. For purposes of this paragraph (7),
28        "low-income households",  "very  low-income  households",
29        and  "affordable  housing" have the meanings set forth in
30        the Illinois Affordable  Housing  Act.  The  municipality
31        shall  make  a  good  faith  effort  to  ensure that this
32        affordable  housing   is   located   in   or   near   the
33        redevelopment project area within the municipality.
34             (8)  On  and  after  November 1, 1999, if, after the
 
                            -28-     LRB093 06237 SJM 14476 a
 1        adoption of the redevelopment plan for the  redevelopment
 2        project  area,  any  municipality  desires  to  amend its
 3        redevelopment plan to remove more  inhabited  residential
 4        units  than specified in its original redevelopment plan,
 5        that  change  shall  be  made  in  accordance  with   the
 6        procedures in subsection (c) of Section 11-74.4-5.
 7             (9)  For   redevelopment  project  areas  designated
 8        prior to November 1, 1999, the redevelopment plan may  be
 9        amended  without  further  joint  review board meeting or
10        hearing, provided that the municipality shall give notice
11        of any such changes  by  mail  to  each  affected  taxing
12        district and registrant on the interested party registry,
13        to  authorize  the  municipality  to expend tax increment
14        revenues  for  redevelopment  project  costs  defined  by
15        paragraphs (5) and (7.5), subparagraphs (E)  and  (F)  of
16        paragraph (11), and paragraph (11.5) of subsection (q) of
17        Section 11-74.4-3, so long as the changes do not increase
18        the  total  estimated redevelopment project costs set out
19        in  the  redevelopment  plan  by  more  than   5%   after
20        adjustment  for  inflation  from  the  date  the plan was
21        adopted.
22        (o)  "Redevelopment project" means any public and private
23    development project in furtherance of  the  objectives  of  a
24    redevelopment  plan.  On  and  after  November  1,  1999 (the
25    effective date of Public Act 91-478), no  redevelopment  plan
26    may  be  approved or amended that includes the development of
27    vacant land (i) with a golf course and related clubhouse  and
28    other  facilities  or  (ii)  designated  by  federal,  State,
29    county,  or  municipal  government as public land for outdoor
30    recreational activities or for nature preserves and used  for
31    that  purpose  within  5  years  prior to the adoption of the
32    redevelopment plan.  For the   purpose  of  this  subsection,
33    "recreational  activities"  is  limited  to  mean camping and
34    hunting.
 
                            -29-     LRB093 06237 SJM 14476 a
 1        (p)  "Redevelopment   project   area"   means   an   area
 2    designated by the municipality, which  is  not  less  in  the
 3    aggregate  than  1  1/2  acres  and  in  respect to which the
 4    municipality has made a finding that there  exist  conditions
 5    which  cause  the area to be classified as an industrial park
 6    conservation area or a blighted area or a conservation  area,
 7    or  a  combination  of  both  blighted areas and conservation
 8    areas.
 9        (q)  "Redevelopment project costs" mean and  include  the
10    sum  total  of  all reasonable or necessary costs incurred or
11    estimated to be incurred, and any such costs incidental to  a
12    redevelopment  plan  and a redevelopment project.  Such costs
13    include, without limitation, the following:
14             (1)  Costs  of  studies,  surveys,  development   of
15        plans,    and    specifications,    implementation    and
16        administration  of  the  redevelopment plan including but
17        not limited to staff and professional service  costs  for
18        architectural, engineering, legal, financial, planning or
19        other  services,  provided  however  that  no charges for
20        professional services may be based on a percentage of the
21        tax  increment  collected;  except  that  on  and   after
22        November  1,  1999  (the  effective  date  of  Public Act
23        91-478),  no   contracts   for   professional   services,
24        excluding  architectural and engineering services, may be
25        entered into if the terms of the contract extend beyond a
26        period of 3 years.  In addition,  "redevelopment  project
27        costs"   shall   not  include  lobbying  expenses.  After
28        consultation with the municipality,  each  tax  increment
29        consultant  or  advisor  to  a municipality that plans to
30        designate or has designated a redevelopment project  area
31        shall inform the municipality in writing of any contracts
32        that  the  consultant  or  advisor  has entered into with
33        entities  or  individuals  that  have  received,  or  are
34        receiving, payments financed by  tax  increment  revenues
 
                            -30-     LRB093 06237 SJM 14476 a
 1        produced  by  the redevelopment project area with respect
 2        to which the consultant or advisor has performed, or will
 3        be  performing,  service  for  the  municipality.    This
 4        requirement  shall  be  satisfied  by  the  consultant or
 5        advisor before  the  commencement  of  services  for  the
 6        municipality  and thereafter whenever any other contracts
 7        with those individuals or entities are  executed  by  the
 8        consultant or advisor;
 9             (1.5)  After  July  1,  1999,  annual administrative
10        costs   shall   not   include   general    overhead    or
11        administrative costs of the municipality that would still
12        have   been   incurred   by   the   municipality  if  the
13        municipality had not designated a  redevelopment  project
14        area or approved a redevelopment plan;
15             (1.6)  The   cost  of  marketing  sites  within  the
16        redevelopment project  area  to  prospective  businesses,
17        developers, and investors;
18             (2)  Property  assembly  costs,  including  but  not
19        limited  to  acquisition of land and other property, real
20        or personal, or rights or interests  therein,  demolition
21        of  buildings,  site  preparation, site improvements that
22        serve as an engineered barrier addressing ground level or
23        below ground environmental contamination, including,  but
24        not limited to parking lots and other concrete or asphalt
25        barriers, and the clearing and grading of land;
26             (3)  Costs   of  rehabilitation,  reconstruction  or
27        repair  or  remodeling  of  existing  public  or  private
28        buildings, fixtures, and leasehold improvements; and  the
29        cost of replacing an existing public building if pursuant
30        to  the  implementation  of  a  redevelopment project the
31        existing public building is to be demolished to  use  the
32        site for private investment or devoted to a different use
33        requiring private investment;
34             (4)  Costs  of  the  construction of public works or
 
                            -31-     LRB093 06237 SJM 14476 a
 1        improvements, except that on and after November 1,  1999,
 2        redevelopment project costs shall not include the cost of
 3        constructing  a new municipal public building principally
 4        used to provide offices,  storage  space,  or  conference
 5        facilities or vehicle storage, maintenance, or repair for
 6        administrative,  public safety, or public works personnel
 7        and that is not intended to replace  an  existing  public
 8        building  as  provided  under paragraph (3) of subsection
 9        (q)  of  Section  11-74.4-3   unless   either   (i)   the
10        construction  of  the new municipal building implements a
11        redevelopment   project   that   was   included   in    a
12        redevelopment  plan  that was adopted by the municipality
13        prior to November 1, 1999 or (ii) the municipality  makes
14        a  reasonable  determination  in  the redevelopment plan,
15        supported by information that provides the basis for that
16        determination,  that  the  new  municipal   building   is
17        required  to  meet  an  increase  in  the need for public
18        safety  purposes   anticipated   to   result   from   the
19        implementation of the redevelopment plan;
20             (5)  Costs  of job training and retraining projects,
21        including  the  cost  of  "welfare  to   work"   programs
22        implemented    by    businesses    located   within   the
23        redevelopment project area;
24             (6)  Financing costs, including but not  limited  to
25        all  necessary  and  incidental  expenses  related to the
26        issuance of obligations and which may include payment  of
27        interest  on  any  obligations issued hereunder including
28        interest  accruing  during  the   estimated   period   of
29        construction  of any redevelopment project for which such
30        obligations are issued and for not  exceeding  36  months
31        thereafter  and  including  reasonable  reserves  related
32        thereto;
33             (7)  To  the  extent  the  municipality  by  written
34        agreement accepts and approves the same, all or a portion
 
                            -32-     LRB093 06237 SJM 14476 a
 1        of  a  taxing district's capital costs resulting from the
 2        redevelopment  project  necessarily  incurred  or  to  be
 3        incurred within a taxing district in furtherance  of  the
 4        objectives of the redevelopment plan and project.
 5             (7.5)  For  redevelopment  project  areas designated
 6        (or  redevelopment  project  areas  amended  to  add   or
 7        increase  the  number of tax-increment-financing assisted
 8        housing  units)  on  or  after  November  1,   1999,   an
 9        elementary,   secondary,   or   unit   school  district's
10        increased costs attributable to  assisted  housing  units
11        located  within  the redevelopment project area for which
12        the   developer   or   redeveloper   receives   financial
13        assistance through an agreement with the municipality  or
14        because  the  municipality  incurs  the cost of necessary
15        infrastructure improvements within the boundaries of  the
16        assisted  housing  sites  necessary for the completion of
17        that housing as authorized by this Act, and  which  costs
18        shall  be  paid  by the municipality from the Special Tax
19        Allocation  Fund  when  the  tax  increment  revenue   is
20        received  as  a  result of the assisted housing units and
21        shall be calculated annually as follows:
22                  (A)  for foundation  districts,  excluding  any
23             school  district in a municipality with a population
24             in  excess  of   1,000,000,   by   multiplying   the
25             district's increase in attendance resulting from the
26             net increase in new students enrolled in that school
27             district  who  reside  in  housing  units within the
28             redevelopment  project  area  that   have   received
29             financial  assistance  through an agreement with the
30             municipality or because the municipality incurs  the
31             cost of necessary infrastructure improvements within
32             the  boundaries  of  the housing sites necessary for
33             the completion of that housing as authorized by this
34             Act  since  the  designation  of  the  redevelopment
 
                            -33-     LRB093 06237 SJM 14476 a
 1             project area by  the  most  recently  available  per
 2             capita  tuition cost as defined in Section 10-20.12a
 3             of the School Code  less  any  increase  in  general
 4             State  aid  as  defined  in  Section  18-8.05 of the
 5             School Code attributable to these added new students
 6             subject to the following annual limitations:
 7                       (i)  for  unit  school  districts  with  a
 8                  district average  1995-96  Per  Capita  Tuition
 9                  Charge of less than $5,900, no more than 25% of
10                  the  total  amount  of  property  tax increment
11                  revenue produced by those  housing  units  that
12                  have  received tax increment finance assistance
13                  under this Act;
14                       (ii)  for elementary school districts with
15                  a district average 1995-96 Per  Capita  Tuition
16                  Charge of less than $5,900, no more than 17% of
17                  the  total  amount  of  property  tax increment
18                  revenue produced by those  housing  units  that
19                  have  received tax increment finance assistance
20                  under this Act; and
21                       (iii)  for secondary school districts with
22                  a district average 1995-96 Per  Capita  Tuition
23                  Charge  of less than $5,900, no more than 8% of
24                  the total  amount  of  property  tax  increment
25                  revenue  produced  by  those housing units that
26                  have received tax increment finance  assistance
27                  under this Act.
28                  (B)  For alternate method districts, flat grant
29             districts,  and foundation districts with a district
30             average 1995-96 Per Capita Tuition Charge  equal  to
31             or  more  than $5,900, excluding any school district
32             with  a  population  in  excess  of  1,000,000,   by
33             multiplying  the  district's  increase in attendance
34             resulting from the  net  increase  in  new  students
 
                            -34-     LRB093 06237 SJM 14476 a
 1             enrolled  in  that  school  district  who  reside in
 2             housing units within the redevelopment project  area
 3             that  have  received financial assistance through an
 4             agreement  with  the  municipality  or  because  the
 5             municipality   incurs   the   cost   of    necessary
 6             infrastructure improvements within the boundaries of
 7             the  housing  sites  necessary for the completion of
 8             that housing as authorized by  this  Act  since  the
 9             designation of the redevelopment project area by the
10             most  recently  available per capita tuition cost as
11             defined in Section 10-20.12a of the School Code less
12             any increase in general  state  aid  as  defined  in
13             Section  18-8.05  of the School Code attributable to
14             these added new students subject  to  the  following
15             annual limitations:
16                       (i)  for  unit  school  districts, no more
17                  than 40% of the total amount  of  property  tax
18                  increment  revenue  produced  by  those housing
19                  units that have received tax increment  finance
20                  assistance under this Act;
21                       (ii)  for  elementary school districts, no
22                  more than 27% of the total amount  of  property
23                  tax increment revenue produced by those housing
24                  units  that have received tax increment finance
25                  assistance under this Act; and
26                       (iii)  for secondary school districts,  no
27                  more  than  13% of the total amount of property
28                  tax increment revenue produced by those housing
29                  units that have received tax increment  finance
30                  assistance under this Act.
31                  (C)  For  any school district in a municipality
32             with  a  population  in  excess  of  1,000,000,  the
33             following   restrictions   shall   apply   to    the
34             reimbursement   of   increased   costs   under  this
 
                            -35-     LRB093 06237 SJM 14476 a
 1             paragraph (7.5):
 2                       (i)  no   increased   costs    shall    be
 3                  reimbursed unless the school district certifies
 4                  that  each  of  the  schools  affected  by  the
 5                  assisted  housing  project  is  at  or over its
 6                  student capacity;
 7                       (ii)  the amount  reimburseable  shall  be
 8                  reduced by the value of any land donated to the
 9                  school   district   by   the   municipality  or
10                  developer, and by the  value  of  any  physical
11                  improvements   made   to  the  schools  by  the
12                  municipality or developer; and
13                       (iii)  the  amount  reimbursed   may   not
14                  affect amounts otherwise obligated by the terms
15                  of   any   bonds,   notes,   or  other  funding
16                  instruments, or the terms of any  redevelopment
17                  agreement.
18             Any  school  district  seeking  payment  under  this
19             paragraph  (7.5)  shall,  after  July  1  and before
20             September 30 of each year, provide the  municipality
21             with  reasonable  evidence  to support its claim for
22             reimbursement  before  the  municipality  shall   be
23             required  to  approve  or  make  the  payment to the
24             school district.  If the school  district  fails  to
25             provide  the  information  during this period in any
26             year, it shall forfeit any  claim  to  reimbursement
27             for   that  year.   School  districts  may  adopt  a
28             resolution waiving the right to all or a portion  of
29             the   reimbursement   otherwise   required  by  this
30             paragraph   (7.5).    By    acceptance    of    this
31             reimbursement  the  school district waives the right
32             to directly or  indirectly  set  aside,  modify,  or
33             contest  in  any  manner  the  establishment  of the
34             redevelopment project area or projects;
 
                            -36-     LRB093 06237 SJM 14476 a
 1             (8)  Relocation  costs  to   the   extent   that   a
 2        municipality  determines  that  relocation costs shall be
 3        paid or is required to make payment of  relocation  costs
 4        by   federal   or  State  law  or  in  order  to  satisfy
 5        subparagraph (7) of subsection (n);
 6             (9)  Payment in lieu of taxes;
 7             (10)  Costs of job  training,  retraining,  advanced
 8        vocational  education  or career education, including but
 9        not limited to courses in occupational, semi-technical or
10        technical fields leading directly to employment, incurred
11        by one or more taxing districts, provided that such costs
12        (i) are related to the establishment and  maintenance  of
13        additional job training, advanced vocational education or
14        career  education  programs for persons employed or to be
15        employed by employers located in a redevelopment  project
16        area;  and  (ii)  when  incurred  by a taxing district or
17        taxing districts other than  the  municipality,  are  set
18        forth in a written agreement by or among the municipality
19        and  the  taxing  district  or  taxing  districts,  which
20        agreement   describes   the  program  to  be  undertaken,
21        including but not limited to the number of  employees  to
22        be trained, a description of the training and services to
23        be  provided,  the number and type of positions available
24        or to be available, itemized costs  of  the  program  and
25        sources of funds to pay for the same, and the term of the
26        agreement.  Such costs include, specifically, the payment
27        by community  college  districts  of  costs  pursuant  to
28        Sections  3-37,  3-38,  3-40  and  3-40.1  of  the Public
29        Community College Act and by school  districts  of  costs
30        pursuant to Sections 10-22.20a and 10-23.3a of The School
31        Code;
32             (11)  Interest   cost   incurred  by  a  redeveloper
33        related to the construction, renovation or rehabilitation
34        of a redevelopment project provided that:
 
                            -37-     LRB093 06237 SJM 14476 a
 1                  (A)  such costs are to be  paid  directly  from
 2             the special tax allocation fund established pursuant
 3             to this Act;
 4                  (B)  such  payments  in  any  one  year may not
 5             exceed 30% of the annual interest costs incurred  by
 6             the  redeveloper  with  regard  to the redevelopment
 7             project during that year;
 8                  (C)  if  there   are   not   sufficient   funds
 9             available in the special tax allocation fund to make
10             the payment pursuant to this paragraph (11) then the
11             amounts  so  due  shall  accrue  and be payable when
12             sufficient funds are available in  the  special  tax
13             allocation fund;
14                  (D)  the  total  of such interest payments paid
15             pursuant to this Act may not exceed 30% of the total
16             (i) cost paid or incurred by the redeveloper for the
17             redevelopment  project   plus   (ii)   redevelopment
18             project  costs excluding any property assembly costs
19             and any relocation costs incurred by a  municipality
20             pursuant to this Act; and
21                  (E)  the cost limits set forth in subparagraphs
22             (B)  and (D) of paragraph (11) shall be modified for
23             the financing of rehabilitated or new housing  units
24             for   low-income   households  and  very  low-income
25             households, as defined in Section 3 of the  Illinois
26             Affordable Housing Act.  The percentage of 75% shall
27             be  substituted for 30% in subparagraphs (B) and (D)
28             of paragraph (11).
29                  (F)  Instead of the eligible costs provided  by
30             subparagraphs  (B)  and  (D)  of  paragraph (11), as
31             modified by this subparagraph,  and  notwithstanding
32             any  other  provisions  of this Act to the contrary,
33             the municipality may pay from tax increment revenues
34             up to 50% of the cost of construction of new housing
 
                            -38-     LRB093 06237 SJM 14476 a
 1             units to be occupied by  low-income  households  and
 2             very  low-income  households as defined in Section 3
 3             of the Illinois Affordable Housing Act.  The cost of
 4             construction of those units may be derived from  the
 5             proceeds  of  bonds issued by the municipality under
 6             this  Act  or  other  constitutional  or   statutory
 7             authority or from other sources of municipal revenue
 8             that  may  be reimbursed from tax increment revenues
 9             or the proceeds  of  bonds  issued  to  finance  the
10             construction of that housing.
11                  The   eligible   costs   provided   under  this
12             subparagraph (F)  of  paragraph  (11)  shall  be  an
13             eligible  cost for the construction, renovation, and
14             rehabilitation  of  all  low  and  very   low-income
15             housing  units,  as  defined  in  Section  3  of the
16             Illinois  Affordable   Housing   Act,   within   the
17             redevelopment  project  area.   If  the low and very
18             low-income  units  are   part   of   a   residential
19             redevelopment   project   that  includes  units  not
20             affordable to low and  very  low-income  households,
21             only  the  low  and  very  low-income units shall be
22             eligible for  benefits  under  subparagraph  (F)  of
23             paragraph  (11).  The  standards for maintaining the
24             occupancy  by   low-income   households   and   very
25             low-income  households,  as  defined in Section 3 of
26             the Illinois Affordable Housing Act, of those  units
27             constructed with eligible costs made available under
28             the provisions of this subparagraph (F) of paragraph
29             (11)  shall  be established by guidelines adopted by
30             the municipality.  The responsibility  for  annually
31             documenting  the  initial  occupancy of the units by
32             low-income   households    and    very    low-income
33             households,  as defined in Section 3 of the Illinois
34             Affordable Housing Act, shall be that  of  the  then
 
                            -39-     LRB093 06237 SJM 14476 a
 1             current  owner of the property. For ownership units,
 2             the guidelines will provide, at  a  minimum,  for  a
 3             reasonable  recapture of funds, or other appropriate
 4             methods   designed   to   preserve   the    original
 5             affordability  of  the  ownership units.  For rental
 6             units, the guidelines will provide,  at  a  minimum,
 7             for  the  affordability  of  rent  to  low  and very
 8             low-income households.  As units  become  available,
 9             they shall be rented to income-eligible tenants. The
10             municipality  may  modify these guidelines from time
11             to time; the guidelines, however, shall be in effect
12             for as long as tax increment revenue is  being  used
13             to  pay  for  costs associated with the units or for
14             the retirement of bonds issued to finance the  units
15             or  for  the life of the redevelopment project area,
16             whichever is later.
17             (11.5)  If the redevelopment project area is located
18        within a municipality with  a  population  of  more  than
19        100,000,  the  cost  of day care services for children of
20        employees from low-income families working for businesses
21        located within the redevelopment project area and all  or
22        a  portion  of  the cost of operation of day care centers
23        established by redevelopment project area  businesses  to
24        serve  employees  from  low-income  families  working  in
25        businesses  located  in  the  redevelopment project area.
26        For the purposes of this paragraph, "low-income families"
27        means families whose annual income does not exceed 80% of
28        the  municipal,  county,  or  regional   median   income,
29        adjusted  for  family  size,  as  the  annual  income and
30        municipal,  county,  or  regional   median   income   are
31        determined  from  time  to  time  by  the  United  States
32        Department of Housing and Urban Development.
33             (12)  Unless  explicitly  stated  herein the cost of
34        construction of new privately-owned buildings  shall  not
 
                            -40-     LRB093 06237 SJM 14476 a
 1        be an eligible redevelopment project cost.
 2             (13)  After  November 1, 1999 (the effective date of
 3        Public Act 91-478), none  of  the  redevelopment  project
 4        costs  enumerated  in  this  subsection shall be eligible
 5        redevelopment project costs if those costs would  provide
 6        direct  financial  support  to a retail entity initiating
 7        operations  in  the  redevelopment  project  area   while
 8        terminating   operations  at  another  Illinois  location
 9        within 10 miles of the  redevelopment  project  area  but
10        outside  the boundaries of the redevelopment project area
11        municipality.    For   purposes   of   this    paragraph,
12        termination means a closing of a retail operation that is
13        directly  related to the opening of the same operation or
14        like retail entity owned or operated by more than 50%  of
15        the  original  ownership in a redevelopment project area,
16        but it does not mean closing  an  operation  for  reasons
17        beyond the control of the retail entity, as documented by
18        the retail entity, subject to a reasonable finding by the
19        municipality   that   the   current   location  contained
20        inadequate space, had become  economically  obsolete,  or
21        was  no  longer  a  viable  location  for the retailer or
22        serviceman.
23        If a special service area has been  established  pursuant
24    to  the  Special Service Area Tax Act or Special Service Area
25    Tax Law, then any tax increment revenues derived from the tax
26    imposed pursuant to the  Special  Service  Area  Tax  Act  or
27    Special   Service  Area  Tax  Law  may  be  used  within  the
28    redevelopment project area for the purposes permitted by that
29    Act or Law as well as the purposes permitted by this Act.
30        (r)  "State Sales Tax Boundary" means  the  redevelopment
31    project  area  or  the  amended  redevelopment  project  area
32    boundaries which are determined pursuant to subsection (9) of
33    Section  11-74.4-8a  of  this Act.  The Department of Revenue
34    shall  certify  pursuant  to  subsection   (9)   of   Section
 
                            -41-     LRB093 06237 SJM 14476 a
 1    11-74.4-8a   the  appropriate  boundaries  eligible  for  the
 2    determination of State Sales Tax Increment.
 3        (s)  "State Sales Tax Increment" means an amount equal to
 4    the increase  in  the  aggregate  amount  of  taxes  paid  by
 5    retailers and servicemen, other than retailers and servicemen
 6    subject  to  the  Public  Utilities  Act,  on transactions at
 7    places of business located within a State Sales Tax  Boundary
 8    pursuant  to  the  Retailers' Occupation Tax Act, the Use Tax
 9    Act, the Service Use Tax Act, and the Service Occupation  Tax
10    Act,  except  such portion of such increase that is paid into
11    the  State  and  Local  Sales  Tax  Reform  Fund,  the  Local
12    Government  Distributive  Fund,  the   Local  Government  Tax
13    Fund  and  the  County and Mass Transit District Fund, for as
14    long as  State  participation  exists,  over  and  above  the
15    Initial Sales Tax Amounts, Adjusted Initial Sales Tax Amounts
16    or  the  Revised  Initial Sales Tax Amounts for such taxes as
17    certified by the Department of Revenue and paid  under  those
18    Acts by retailers and servicemen on transactions at places of
19    business  located  within the State Sales Tax Boundary during
20    the base year which shall be the  calendar  year  immediately
21    prior  to  the  year  in  which  the municipality adopted tax
22    increment allocation financing, less  3.0%  of  such  amounts
23    generated  under  the  Retailers' Occupation Tax Act, Use Tax
24    Act and Service Use Tax Act and the  Service  Occupation  Tax
25    Act,  which  sum  shall  be appropriated to the Department of
26    Revenue to cover its costs  of  administering  and  enforcing
27    this  Section. For purposes of computing the aggregate amount
28    of such taxes for base years occurring  prior  to  1985,  the
29    Department  of  Revenue  shall  compute the Initial Sales Tax
30    Amount for such taxes and deduct therefrom an amount equal to
31    4% of the aggregate amount of taxes per year  for  each  year
32    the  base  year  is  prior to 1985, but not to exceed a total
33    deduction of 12%.  The amount so determined shall be known as
34    the "Adjusted Initial Sales  Tax  Amount".  For  purposes  of
 
                            -42-     LRB093 06237 SJM 14476 a
 1    determining  the  State Sales Tax Increment the Department of
 2    Revenue shall for each period subtract from the  tax  amounts
 3    received   from  retailers  and  servicemen  on  transactions
 4    located in  the  State  Sales  Tax  Boundary,  the  certified
 5    Initial Sales Tax Amounts, Adjusted Initial Sales Tax Amounts
 6    or  Revised  Initial  Sales  Tax  Amounts  for the Retailers'
 7    Occupation Tax Act, the Use Tax Act, the Service Use Tax  Act
 8    and  the  Service  Occupation  Tax Act.  For the State Fiscal
 9    Year 1989 this calculation shall be  made  by  utilizing  the
10    calendar year 1987 to determine the tax amounts received. For
11    the State Fiscal Year 1990, this calculation shall be made by
12    utilizing  the  period  from January 1, 1988, until September
13    30,  1988,  to  determine  the  tax  amounts  received   from
14    retailers and servicemen, which shall have deducted therefrom
15    nine-twelfths  of  the  certified  Initial Sales Tax Amounts,
16    Adjusted Initial Sales Tax Amounts  or  the  Revised  Initial
17    Sales  Tax  Amounts as appropriate. For the State Fiscal Year
18    1991, this calculation shall be made by utilizing the  period
19    from  October  1, 1988, until June 30, 1989, to determine the
20    tax amounts received from  retailers  and  servicemen,  which
21    shall  have deducted therefrom nine-twelfths of the certified
22    Initial State Sales Tax Amounts, Adjusted Initial  Sales  Tax
23    Amounts   or   the  Revised  Initial  Sales  Tax  Amounts  as
24    appropriate. For every  State  Fiscal  Year  thereafter,  the
25    applicable period shall be the 12 months beginning July 1 and
26    ending  on  June  30,  to  determine the tax amounts received
27    which shall have deducted  therefrom  the  certified  Initial
28    Sales  Tax Amounts, Adjusted Initial Sales Tax Amounts or the
29    Revised Initial Sales Tax Amounts.  Municipalities  intending
30    to  receive  a distribution of State Sales Tax Increment must
31    report a list of retailers to the Department  of  Revenue  by
32    October 31, 1988 and by July 31, of each year thereafter.
33        (t)  "Taxing districts" means counties, townships, cities
34    and  incorporated  towns  and  villages,  school, road, park,
 
                            -43-     LRB093 06237 SJM 14476 a
 1    sanitary, mosquito abatement, forest preserve, public health,
 2    fire protection, river conservancy,  tuberculosis  sanitarium
 3    and  any  other  municipal corporations or districts with the
 4    power to levy taxes.
 5        (u)  "Taxing districts' capital costs" means those  costs
 6    of  taxing  districts for capital improvements that are found
 7    by the municipal corporate authorities to  be  necessary  and
 8    directly result from the redevelopment project.
 9        (v)  As  used  in  subsection (a) of Section 11-74.4-3 of
10    this Act, "vacant land" means any  parcel or  combination  of
11    parcels  of real property without industrial, commercial, and
12    residential buildings which has not been used for  commercial
13    agricultural purposes within 5 years prior to the designation
14    of  the  redevelopment  project  area,  unless  the parcel is
15    included in an  industrial  park  conservation  area  or  the
16    parcel  has  been subdivided; provided that if the parcel was
17    part of a larger tract that has been divided into 3  or  more
18    smaller  tracts  that  were accepted for recording during the
19    period from 1950 to 1990, then the parcel shall be deemed  to
20    have  been subdivided, and all proceedings and actions of the
21    municipality taken in that connection  with  respect  to  any
22    previously  approved or designated redevelopment project area
23    or amended redevelopment project area  are  hereby  validated
24    and hereby declared to be legally sufficient for all purposes
25    of  this  Act. For purposes of this Section and only for land
26    subject to the subdivision requirements of the Plat Act, land
27    is  subdivided  when  the  original  plat  of  the   proposed
28    Redevelopment  Project  Area  or relevant portion thereof has
29    been properly certified, acknowledged, approved, and recorded
30    or filed in accordance with the Plat Act  and  a  preliminary
31    plat,  if  any,  for  any  subsequent  phases of the proposed
32    Redevelopment Project Area or relevant  portion  thereof  has
33    been  properly  approved  and  filed  in  accordance with the
34    applicable ordinance of the municipality.
 
                            -44-     LRB093 06237 SJM 14476 a
 1        (w)  "Annual Total  Increment"  means  the  sum  of  each
 2    municipality's  annual  Net  Sales  Tax  Increment  and  each
 3    municipality's  annual  Net Utility Tax Increment.  The ratio
 4    of the Annual Total Increment of  each  municipality  to  the
 5    Annual  Total  Increment  for  all  municipalities,  as  most
 6    recently  calculated  by  the Department, shall determine the
 7    proportional shares of the Illinois Tax Increment Fund to  be
 8    distributed to each municipality.
 9    (Source: P.A.  91-261,  eff.  7-23-99;  91-477, eff. 8-11-99;
10    91-478, eff. 11-1-99;  91-642,  eff.  8-20-99;  91-763,  eff.
11    6-9-00;  92-263,  eff.  8-7-01;  92-406, eff. 1-1-02; 92-624,
12    eff. 7-11-02; 92-651, eff. 7-11-02.)

13        (65 ILCS 5/11-74.4-4) (from Ch. 24, par. 11-74.4-4)
14        Sec.    11-74.4-4.  Municipal    powers    and    duties;
15    redevelopment project areas.  A municipality may:
16        (a)  The changes made by this amendatory Act of the  91st
17    General  Assembly  do  not  apply to a municipality that, (i)
18    before the effective date of this amendatory Act of the  91st
19    General  Assembly,  has  adopted  an  ordinance or resolution
20    fixing a time and place for a public  hearing  under  Section
21    11-74.4-5  or  (ii)  before  July  1,  1999,  has  adopted an
22    ordinance or resolution providing  for  a  feasibility  study
23    under  Section  11-74.4-4.1,  but  has  not  yet  adopted  an
24    ordinance  approving  redevelopment  plans  and redevelopment
25    projects or designating  redevelopment  project  areas  under
26    this  Section,  until  after  that    municipality  adopts an
27    ordinance approving  redevelopment  plans  and  redevelopment
28    projects  or  designating  redevelopment  project areas under
29    this Section; thereafter the changes made by this  amendatory
30    Act  of  the  91st  General Assembly apply to the same extent
31    that they apply  to  redevelopment  plans  and  redevelopment
32    projects  that  were approved and redevelopment projects that
33    were designated before the effective date of this  amendatory
 
                            -45-     LRB093 06237 SJM 14476 a
 1    Act of the 91st General Assembly.
 2        By  ordinance  introduced  in  the  governing body of the
 3    municipality within 14 to 90 days from the completion of  the
 4    hearing  specified in Section 11-74.4-5 approve redevelopment
 5    plans and redevelopment projects, and designate redevelopment
 6    project areas pursuant to notice and hearing required by this
 7    Act.  No  redevelopment  project  area  shall  be  designated
 8    unless   a  plan  and  project  are  approved  prior  to  the
 9    designation of such area and such  area  shall  include  only
10    those  contiguous  parcels  of real property and improvements
11    thereon substantially benefited by the proposed redevelopment
12    project improvements. Upon adoption of  the  ordinances,  the
13    municipality  shall forthwith transmit to the county clerk of
14    the county or counties within which the redevelopment project
15    area is located a certified copy of the ordinances,  a  legal
16    description  of  the redevelopment project area, a map of the
17    redevelopment project area, identification of the  year  that
18    the  county clerk shall use for determining the total initial
19    equalized assessed value of the  redevelopment  project  area
20    consistent  with  subsection  (a) of Section 11-74.4-9, and a
21    list of the parcel  or  tax  identification  number  of  each
22    parcel  of  property  included  in  the redevelopment project
23    area.
24        (b)  Make and enter  into  all  contracts  with  property
25    owners,  developers,  tenants, overlapping taxing bodies, and
26    others necessary or  incidental  to  the  implementation  and
27    furtherance  of its redevelopment plan and project. Contracts
28    entered  into  on  or  after  the  effective  date  of   this
29    amendatory  Act  of the 93rd General Assembly shall terminate
30    no later than the last to occur of  the  estimated  dates  of
31    completion of the redevelopment project and retirement of the
32    obligations  issued to finance redevelopment project costs as
33    required by item (3) of subsection (n) of Section  11-74.4-3.
34    Payments   received  under  contracts  entered  into  by  the
 
                            -46-     LRB093 06237 SJM 14476 a
 1    municipality prior to the effective date of  this  amendatory
 2    Act  of the 93rd General Assembly that are received after the
 3    redevelopment project area has been terminated  by  municipal
 4    ordinance  shall  be  deposited  into  a  special fund of the
 5    municipality to be used  for  other  community  redevelopment
 6    needs within the redevelopment project area.
 7        (c)  Within  a  redevelopment  project  area,  acquire by
 8    purchase, donation, lease or  eminent  domain;  own,  convey,
 9    lease,  mortgage  or dispose of land and other property, real
10    or personal, or rights or interests  therein,  and  grant  or
11    acquire licenses, easements and options with respect thereto,
12    all  in  the  manner  and  at  such  price  the  municipality
13    determines  is reasonably necessary to achieve the objectives
14    of the redevelopment plan and project. No conveyance,  lease,
15    mortgage,  disposition  of  land or other property owned by a
16    municipality, or agreement relating  to  the  development  of
17    such  municipal  property  shall  be  made  except  upon  the
18    adoption  of an ordinance by the corporate authorities of the
19    municipality. Furthermore, no conveyance, lease, mortgage, or
20    other  disposition  of  land  owned  by  a  municipality   or
21    agreement  relating  to  the  development  of  such municipal
22    property shall be made without making  public  disclosure  of
23    the  terms of the disposition and all bids and proposals made
24    in response to the municipality's  request.   The  procedures
25    for   obtaining   such   bids  and  proposals  shall  provide
26    reasonable opportunity for any person to  submit  alternative
27    proposals or bids.
28        (d)  Within  a redevelopment project area, clear any area
29    by demolition  or  removal  of  any  existing  buildings  and
30    structures.
31        (e)  Within  a  redevelopment  project  area, renovate or
32    rehabilitate or  construct  any  structure  or  building,  as
33    permitted under this Act.
34        (f)  Install,  repair, construct, reconstruct or relocate
 
                            -47-     LRB093 06237 SJM 14476 a
 1    streets, utilities and site  improvements  essential  to  the
 2    preparation  of  the redevelopment area for use in accordance
 3    with a redevelopment plan.
 4        (g)  Within a redevelopment project area, fix, charge and
 5    collect fees, rents and charges for the use of  any  building
 6    or  property  owned  or  leased by it or any part thereof, or
 7    facility therein.
 8        (h)  Accept grants, guarantees and donations of property,
 9    labor, or other things of value  from  a  public  or  private
10    source for use within a project redevelopment area.
11        (i)  Acquire  and  construct  public  facilities within a
12    redevelopment project area, as permitted under this Act.
13        (j)  Incur  project  redevelopment  costs  and  reimburse
14    developers who incur redevelopment project  costs  authorized
15    by  a redevelopment agreement; provided, however, that on and
16    after the effective date of this amendatory Act of  the  91st
17    General  Assembly,  no municipality shall incur redevelopment
18    project costs  (except  for  planning  costs  and  any  other
19    eligible   costs   authorized   by   municipal  ordinance  or
20    resolution   that   are   subsequently   included   in    the
21    redevelopment  plan  for  the  area  and  are incurred by the
22    municipality after the ordinance or  resolution  is  adopted)
23    that  are  not  consistent with the program for accomplishing
24    the objectives of the redevelopment plan as included in  that
25    plan  and approved by the municipality until the municipality
26    has amended the redevelopment plan as provided  elsewhere  in
27    this Act.
28        (k)  Create  a commission of not less than 5 or more than
29    15 persons to be appointed by the mayor or president  of  the
30    municipality   with  the  consent  of  the  majority  of  the
31    governing board of the municipality.  Members of a commission
32    appointed after the effective date of this amendatory Act  of
33    1987 shall be appointed for initial terms of 1, 2, 3, 4 and 5
34    years,  respectively,  in such numbers as to provide that the
 
                            -48-     LRB093 06237 SJM 14476 a
 1    terms of not more than 1/3 of all such members  shall  expire
 2    in  any  one year.  Their successors shall be appointed for a
 3    term of 5 years.  The commission, subject to approval of  the
 4    corporate  authorities  may exercise the powers enumerated in
 5    this Section. The commission shall also  have  the  power  to
 6    hold  the  public hearings required by this division and make
 7    recommendations to the corporate authorities  concerning  the
 8    adoption  of  redevelopment plans, redevelopment projects and
 9    designation of redevelopment project areas.
10        (l)  Make payment in lieu of taxes or a  portion  thereof
11    to  taxing  districts.  If  payments  in  lieu  of taxes or a
12    portion thereof are made to taxing districts, those  payments
13    shall be made to all districts within a project redevelopment
14    area  on  a  basis  which  is  proportional  to  the  current
15    collections  of  revenue  which each taxing district receives
16    from real property in the redevelopment project area.
17        (m)  Exercise any  and  all  other  powers  necessary  to
18    effectuate the purposes of this Act.
19        (n)  If  any  member of the corporate authority, a member
20    of a commission established pursuant to Section  11-74.4-4(k)
21    of this Act, or an employee or consultant of the municipality
22    involved  in  the planning and preparation of a redevelopment
23    plan, or project for a redevelopment project area or proposed
24    redevelopment  project   area,   as   defined   in   Sections
25    11-74.4-3(i)  through  (k)  of  this Act, owns or controls an
26    interest, direct or indirect, in any property included in any
27    redevelopment area, or proposed redevelopment area, he or she
28    shall disclose the same  in  writing  to  the  clerk  of  the
29    municipality,  and shall also so disclose the dates and terms
30    and conditions of any disposition of any such interest, which
31    disclosures  shall   be   acknowledged   by   the   corporate
32    authorities   and  entered  upon  the  minute  books  of  the
33    corporate  authorities.   If  an  individual  holds  such  an
34    interest then that individual shall refrain from any  further
 
                            -49-     LRB093 06237 SJM 14476 a
 1    official  involvement  in  regard to such redevelopment plan,
 2    project or area, from voting on any matter pertaining to such
 3    redevelopment plan, project or area,  or  communicating  with
 4    other members concerning corporate authorities, commission or
 5    employees   concerning   any   matter   pertaining   to  said
 6    redevelopment plan, project or area.   Furthermore,  no  such
 7    member  or  employee shall acquire of any interest direct, or
 8    indirect, in any property in a redevelopment area or proposed
 9    redevelopment area after either (a) such  individual  obtains
10    knowledge  of  such plan, project or area or (b) first public
11    notice of such plan, project  or  area  pursuant  to  Section
12    11-74.4-6  of  this Division, whichever occurs first. For the
13    purposes of this subsection, a property interest acquired  in
14    a  single  parcel  of  property  by a member of the corporate
15    authority, which property is used exclusively as the member's
16    primary residence, shall  not  be  deemed  to  constitute  an
17    interest  in any property included in a redevelopment area or
18    proposed  redevelopment  area  that  was  established  before
19    December  31,  1989,  but  the  member  must   disclose   the
20    acquisition  to  the  municipal clerk under the provisions of
21    this subsection. For  the  purposes  of  this  subsection,  a
22    month-to-month  leasehold  interest  in  a  single  parcel of
23    property by a member of the corporate authority shall not  be
24    deemed to constitute an interest in any  property included in
25    any  redevelopment  area  or proposed redevelopment area, but
26    the member must disclose the interest to the municipal  clerk
27    under the provisions of this subsection.
28        (o)  Create a Tax Increment Economic Development Advisory
29    Committee  to  be  appointed by the Mayor or President of the
30    municipality  with  the  consent  of  the  majority  of   the
31    governing  board  of  the  municipality, the members of which
32    Committee shall be appointed for initial terms of 1, 2, 3,  4
33    and  5 years respectively, in such numbers as to provide that
34    the terms of not more than 1/3  of  all  such  members  shall
 
                            -50-     LRB093 06237 SJM 14476 a
 1    expire  in any one year.  Their successors shall be appointed
 2    for a term of 5 years.  The Committee shall have none of  the
 3    powers enumerated in this Section.  The Committee shall serve
 4    in  an  advisory capacity only.  The Committee may advise the
 5    governing Board  of  the  municipality  and  other  municipal
 6    officials  regarding  development  issues  and  opportunities
 7    within  the redevelopment project area or the area within the
 8    State Sales Tax Boundary. The Committee may also promote  and
 9    publicize  development  opportunities  in  the  redevelopment
10    project area or the area within the State Sales Tax Boundary.
11        (p)  Municipalities  may  jointly  undertake  and perform
12    redevelopment plans and projects and utilize  the  provisions
13    of  the  Act  wherever  they  have  contiguous  redevelopment
14    project  areas  or  they  determine  to  adopt  tax increment
15    financing with respect to a redevelopment project area  which
16    includes  contiguous  real  property within the boundaries of
17    the municipalities, and in doing so, they may,  by  agreement
18    between  municipalities,  issue  obligations,  separately  or
19    jointly,  and  expend  revenues  received  under  the Act for
20    eligible expenses anywhere  within  contiguous  redevelopment
21    project areas or as otherwise permitted in the Act.
22        (q)  Utilize   revenues,   other  than  State  sales  tax
23    increment  revenues,  received  under  this  Act   from   one
24    redevelopment  project  area  for  eligible  costs in another
25    redevelopment project area that is either contiguous  to,  or
26    is  separated  only  by  a  public  right  of  way  from, the
27    redevelopment  project  area  from  which  the  revenues  are
28    received. Utilize tax increment revenues for  eligible  costs
29    that  are  received from a redevelopment project area created
30    under  the  Industrial  Jobs  Recovery  Law  that  is  either
31    contiguous to, or is separated only by a public right of  way
32    from,  the  redevelopment project area created under this Act
33    which initially receives these revenues.   Utilize  revenues,
34    other   than   State   sales   tax   increment  revenues,  by
 
                            -51-     LRB093 06237 SJM 14476 a
 1    transferring or loaning  such  revenues  to  a  redevelopment
 2    project  area  created under the Industrial Jobs Recovery Law
 3    that is either contiguous to, or separated only by  a  public
 4    right  of  way  from  the  redevelopment  project  area  that
 5    initially  produced  and received those revenues; and, if the
 6    redevelopment project area (i)  was  established  before  the
 7    effective  date  of  this  amendatory Act of the 91st General
 8    Assembly and (ii) is located within  a  municipality  with  a
 9    population of more than 100,000, utilize revenues or proceeds
10    of  obligations  authorized by Section 11-74.4-7 of this Act,
11    other than use or occupation tax revenues,  to  pay  for  any
12    redevelopment  project  costs as defined by subsection (q) of
13    Section  11-74.4-3  to  the  extent  that  the  redevelopment
14    project  costs  involve  public  property  that   is   either
15    contiguous  to,  or  separated  only by a public right of way
16    from,  a  redevelopment   project   area   whether   or   not
17    redevelopment  project costs or the source of payment for the
18    costs are specifically set forth in  the  redevelopment  plan
19    for the redevelopment project area.
20        (r)  If  no redevelopment project has been initiated in a
21    redevelopment project area within 7 years after the area  was
22    designated   by   ordinance   under   subsection   (a),   the
23    municipality  shall  adopt  an ordinance repealing the area's
24    designation  as  a  redevelopment  project  area;   provided,
25    however, that if an area received its designation more than 3
26    years  before  the  effective  date of this amendatory Act of
27    1994 and no redevelopment project has been initiated within 4
28    years after the effective date  of  this  amendatory  Act  of
29    1994, the municipality shall adopt an ordinance repealing its
30    designation  as a redevelopment project area. Initiation of a
31    redevelopment project shall be evidenced by either  a  signed
32    redevelopment   agreement   or   expenditures   on   eligible
33    redevelopment  project  costs associated with a redevelopment
34    project.
 
                            -52-     LRB093 06237 SJM 14476 a
 1    (Source: P.A. 91-478, eff.  11-1-99;  91-642,  eff.  8-20-99;
 2    92-16, eff. 6-28-01.)

 3        (65 ILCS 5/11-74.4-4.1)
 4        Sec. 11-74.4-4.1.  Feasibility study.
 5        (a)  If  a  municipality by its corporate authorities, or
 6    as it  may  determine  by  any  commission  designated  under
 7    subsection  (k)  of Section 11-74.4-4, adopts an ordinance or
 8    resolution  providing  for  a  feasibility   study   on   the
 9    designation  of  an  area  as a redevelopment project area, a
10    copy of the ordinance or resolution shall immediately be sent
11    to all  taxing  districts  that  would  be  affected  by  the
12    designation.
13        On and after the effective date of this amendatory Act of
14    the  91st General Assembly, the ordinance or resolution shall
15    include:
16             (1)  The boundaries of the area to  be  studied  for
17        possible designation as a redevelopment project area.
18             (2)  The   purpose   or  purposes  of  the  proposed
19        redevelopment plan and project.
20             (3)  A  general   description   of   tax   increment
21        allocation financing under this Act.
22             (4)  The  name,  phone  number,  and  address of the
23        municipal officer who can  be  contacted  for  additional
24        information about the proposed redevelopment project area
25        and  who  should  receive  all  comments  and suggestions
26        regarding the redevelopment of the area to be studied.
27        (b)  If one of the purposes of the planned  redevelopment
28    project  area  should reasonably be expected to result in the
29    displacement  of  residents  from  10   or   more   inhabited
30    residential  units, the municipality shall adopt a resolution
31    or ordinance providing for the feasibility study described in
32    subsection (a).   The  ordinance  or  resolution  shall  also
33    require that the feasibility study include the preparation of
 
                            -53-     LRB093 06237 SJM 14476 a
 1    the  housing  impact  study  set  forth  in  paragraph (5) of
 2    subsection (n) of Section  11-74.4-3.  If  the  redevelopment
 3    plan  will not result in displacement of residents from 10 or
 4    more  inhabited  residential  units,  and  the   municipality
 5    certifies  in the plan that such displacement will not result
 6    from the plan, then a resolution or  ordinance  need  not  be
 7    adopted.
 8        (c)  As used in this Section, "feasibility study" means a
 9    preliminary  report  to  assist  a  municipality to determine
10    whether  or  not  tax  increment  allocation   financing   is
11    appropriate   for   effective  redevelopment  of  a  proposed
12    redevelopment project area.
13    (Source: P.A. 91-478,  eff.  11-1-99;  92-263,  eff.  8-7-01;
14    92-624, eff. 7-11-02.)

15        (65 ILCS 5/11-74.4-7) (from Ch. 24, par. 11-74.4-7)
16        Sec.  11-74.4-7.  Obligations  secured by the special tax
17    allocation fund  set  forth  in  Section  11-74.4-8  for  the
18    redevelopment  project  area  may  be  issued  to provide for
19    redevelopment  project  costs.   Such  obligations,  when  so
20    issued, shall be  retired  in  the  manner  provided  in  the
21    ordinance authorizing the issuance of such obligations by the
22    receipts  of  taxes  levied as specified in Section 11-74.4-9
23    against  the  taxable  property  included  in  the  area,  by
24    revenues as specified by Section 11-74.4-8a and other revenue
25    designated by the municipality.  A municipality  may  in  the
26    ordinance  pledge  all  or any part of the funds in and to be
27    deposited in the special tax allocation fund created pursuant
28    to Section 11-74.4-8 to  the  payment  of  the  redevelopment
29    project  costs  and  obligations.  Any pledge of funds in the
30    special tax allocation fund shall provide for distribution to
31    the taxing  districts  and  to  the  Illinois  Department  of
32    Revenue  of  moneys  not  required,  pledged,  earmarked,  or
33    otherwise   designated   for  payment  and  securing  of  the
 
                            -54-     LRB093 06237 SJM 14476 a
 1    obligations and anticipated redevelopment project  costs  and
 2    such  excess funds shall be calculated annually and deemed to
 3    be "surplus" funds.  In the event a municipality only applies
 4    or pledges  a  portion  of  the  funds  in  the  special  tax
 5    allocation  fund  for  the payment or securing of anticipated
 6    redevelopment project costs or of obligations, any such funds
 7    remaining in the special tax allocation fund after  complying
 8    with  the  requirements  of  the application or pledge, shall
 9    also be calculated annually and deemed "surplus" funds.   All
10    surplus  funds  in  the  special tax allocation fund shall be
11    distributed annually within 180 days after the close  of  the
12    municipality's  fiscal  year  by  being paid by the municipal
13    treasurer to the  County  Collector,  to  the  Department  of
14    Revenue  and  to the municipality in direct proportion to the
15    tax incremental revenue received as a result of  an  increase
16    in   the   equalized   assessed  value  of  property  in  the
17    redevelopment project area, tax incremental revenue  received
18    from  the State and tax incremental revenue received from the
19    municipality, but not to exceed as to each  such  source  the
20    total  incremental  revenue  received  from  that source. The
21    County Collector shall thereafter make  distribution  to  the
22    respective taxing districts in the same manner and proportion
23    as  the  most  recent distribution by the county collector to
24    the affected districts  of  real  property  taxes  from  real
25    property in the redevelopment project area.
26        Without  limiting  the  foregoing  in  this  Section, the
27    municipality may in addition  to obligations secured  by  the
28    special  tax  allocation fund pledge for a period not greater
29    than the term of the  obligations  towards  payment  of  such
30    obligations any part or any combination of the following: (a)
31    net revenues of all or part of any redevelopment project; (b)
32    taxes  levied  and  collected  on  any or all property in the
33    municipality;  (c)  the  full  faith  and   credit   of   the
34    municipality;   (d)   a  mortgage  on  part  or  all  of  the
 
                            -55-     LRB093 06237 SJM 14476 a
 1    redevelopment project; or (e) any other taxes or  anticipated
 2    receipts that the municipality may lawfully pledge.
 3        Such  obligations  may  be  issued  in one or more series
 4    bearing interest at such  rate  or  rates  as  the  corporate
 5    authorities of the municipality shall determine by ordinance.
 6    Such  obligations  shall  bear  such date or dates, mature at
 7    such  time  or  times  not  exceeding  20  years  from  their
 8    respective  dates,  be  in  such  denomination,  carry   such
 9    registration  privileges,  be  executed  in  such  manner, be
10    payable in such medium of payment at such  place  or  places,
11    contain  such covenants, terms and conditions, and be subject
12    to redemption as such ordinance shall  provide.   Obligations
13    issued  pursuant to this Act may be sold at public or private
14    sale at such price as shall be determined  by  the  corporate
15    authorities of the municipalities.  No referendum approval of
16    the electors shall be required as a condition to the issuance
17    of  obligations  pursuant to this Division except as provided
18    in this Section.
19        In the event  the  municipality  authorizes  issuance  of
20    obligations  pursuant  to  the  authority  of  this  Division
21    secured  by  the  full  faith and credit of the municipality,
22    which obligations are other than  obligations  which  may  be
23    issued  under  home  rule  powers  provided  by  Article VII,
24    Section 6 of the Illinois  Constitution,   or  pledges  taxes
25    pursuant  to  (b)  or  (c)  of  the  second paragraph of this
26    section, the  ordinance  authorizing  the  issuance  of  such
27    obligations  or pledging such taxes shall be published within
28    10 days after such ordinance has been passed in one  or  more
29    newspapers,    with    general    circulation   within   such
30    municipality. The  publication  of  the  ordinance  shall  be
31    accompanied  by a notice of (1) the specific number of voters
32    required to sign a petition requesting the  question  of  the
33    issuance   of  such  obligations  or  pledging  taxes  to  be
34    submitted to  the  electors;  (2)  the  time  in  which  such
 
                            -56-     LRB093 06237 SJM 14476 a
 1    petition  must  be filed; and (3) the date of the prospective
 2    referendum.  The municipal clerk  shall  provide  a  petition
 3    form to any individual requesting one.
 4        If  no  petition  is  filed  with the municipal clerk, as
 5    hereinafter provided in this Section, within  30  days  after
 6    the  publication  of the ordinance, the ordinance shall be in
 7    effect.  But, if within that 30  day  period  a  petition  is
 8    filed  with  the  municipal  clerk, signed by electors in the
 9    municipality  numbering  10%  or  more  of  the   number   of
10    registered  voters  in  the  municipality,  asking  that  the
11    question  of  issuing obligations using full faith and credit
12    of the municipality as security for the cost  of  paying  for
13    redevelopment  project  costs,  or  of pledging taxes for the
14    payment of such obligations, or both,  be  submitted  to  the
15    electors  of  the  municipality, the corporate authorities of
16    the municipality shall call a special election in the  manner
17    provided by law to vote upon that question, or, if a general,
18    State  or municipal election is to be held within a period of
19    not less than 30 or more than  90 days  from  the  date  such
20    petition  is  filed,  shall  submit  the question at the next
21    general, State or municipal election.  If it appears upon the
22    canvass of the election by the corporate authorities  that  a
23    majority  of electors voting upon the question voted in favor
24    thereof, the ordinance shall be in effect, but if a  majority
25    of  the  electors  voting  upon the question are not in favor
26    thereof, the ordinance shall not take effect.
27        The ordinance authorizing  the  obligations  may  provide
28    that  the  obligations  shall contain a recital that they are
29    issued pursuant to this  Division,  which  recital  shall  be
30    conclusive  evidence  of their validity and of the regularity
31    of their issuance.
32        In the event  the  municipality  authorizes  issuance  of
33    obligations  pursuant  to  this  Section  secured by the full
34    faith  and  credit  of  the   municipality,   the   ordinance
 
                            -57-     LRB093 06237 SJM 14476 a
 1    authorizing  the  obligations  may  provide  for the levy and
 2    collection of a direct annual tax upon all  taxable  property
 3    within  the  municipality  sufficient  to  pay  the principal
 4    thereof and interest thereon as it matures, which levy may be
 5    in addition to and exclusive of  the  maximum  of  all  other
 6    taxes  authorized  to  be  levied  by the municipality, which
 7    levy, however, shall be abated to the extent that monies from
 8    other sources are available for payment  of  the  obligations
 9    and  the  municipality  certifies  the  amount of said monies
10    available to the county clerk.
11        A certified copy of such ordinance shall  be  filed  with
12    the  county  clerk of each county in which any portion of the
13    municipality is situated, and shall constitute the  authority
14    for the extension and collection of the taxes to be deposited
15    in the special tax allocation fund.
16        A  municipality  may also issue its obligations to refund
17    in whole or in part, obligations theretofore issued  by  such
18    municipality  under  the authority of this Act, whether at or
19    prior to maturity, provided however, that the  last  maturity
20    of the refunding obligations shall not be expressed to mature
21    later  than  December  31 of the year in which the payment to
22    the municipal treasurer as  provided  in  subsection  (b)  of
23    Section  11-74.4-8  of this Act is to be made with respect to
24    ad valorem taxes levied in  the  twenty-third  calendar  year
25    after   the   year  in  which  the  ordinance  approving  the
26    redevelopment project area is adopted if  the  ordinance  was
27    adopted  on  or  after  January  15, 1981, and not later than
28    December 31 of the year in which the payment to the municipal
29    treasurer as provided in subsection (b) of Section  11-74.4-8
30    of  this  Act  is to be made with respect to ad valorem taxes
31    levied in the thirty-fifth calendar year after  the  year  in
32    which  the ordinance approving the redevelopment project area
33    is adopted (A) if the ordinance was  adopted  before  January
34    15,  1981,  or  (B)  if the ordinance was adopted in December
 
                            -58-     LRB093 06237 SJM 14476 a
 1    1983, April 1984, July 1985, or December 1989, or (C) if  the
 2    ordinance was adopted in December, 1987 and the redevelopment
 3    project  is located within one mile of Midway Airport, or (D)
 4    if the ordinance was adopted before  January  1,  1987  by  a
 5    municipality  in  Mason County, or (E) if the municipality is
 6    subject  to  the  Local  Government  Financial  Planning  and
 7    Supervision Act or the Financially Distressed  City  Law,  or
 8    (F)  if  the  ordinance  was  adopted in December 1984 by the
 9    Village of Rosemont, or (G) if the ordinance was  adopted  on
10    December 31, 1986 by a municipality located in Clinton County
11    for  which  at  least  $250,000  of  tax increment bonds were
12    authorized on June 17, 1997, or if the ordinance was  adopted
13    on  December  31, 1986 by a municipality with a population in
14    1990 of less than 3,600 that is located in a  county  with  a
15    population in 1990 of less than 34,000 and for which at least
16    $250,000  of  tax increment bonds were authorized on June 17,
17    1997, or (H) if the ordinance was adopted on October 5,  1982
18    by  the City of Kankakee, or (I) if the ordinance was adopted
19    on December 29, 1986 by East St. Louis, or if  the  ordinance
20    was adopted on November 12, 1991 by the Village of Sauget, or
21    (J)  if the ordinance was adopted on February 11, 1985 by the
22    City of Rock Island, or (K)  if  the  ordinance  was  adopted
23    before December 18, 1986 by the City of Moline, or (L) if the
24    ordinance  was  adopted in September 1988 by Sauk Village, or
25    (M) if the ordinance was adopted  in  October  1993  by  Sauk
26    Village,  or (N) if the ordinance was adopted on December 29,
27    1986 by the City of  Galva,  or  (O)  if  the  ordinance  was
28    adopted  in  March 1991 by the City of Centreville, or (P) if
29    the ordinance was adopted on January 23, 1991 by the City  of
30    East  St.  Louis,  or  (Q)  if  the  ordinance was adopted on
31    December 22, 1986 by  the  City  of  Aledo,  or  (R)  if  the
32    ordinance  was  adopted  on  February  5, 1990 by the City of
33    Clinton, or (S) if the ordinance was adopted on September  6,
34    1994  by  the  City  of Freeport, or (T) if the ordinance was
 
                            -59-     LRB093 06237 SJM 14476 a
 1    adopted on December 22, 1986 by the City of Tuscola,  or  (U)
 2    if the ordinance was adopted on December 23, 1986 by the City
 3    of  Sparta,  or  (V) if the ordinance was adopted on December
 4    23, 1986 by the City of Beardstown, or (W) if  the  ordinance
 5    was  adopted on April 27, 1981, October 21, 1985, or December
 6    30, 1986 by the City of Belleville, or (X) if  the  ordinance
 7    was adopted on December 29, 1986 by the City of Collinsville,
 8    or  (Y) if the ordinance was adopted on September 14, 1994 by
 9    the City of Alton, or (Z) if the  ordinance  was  adopted  on
10    November  11,  1996  by the City of Lexington, or (AA) if the
11    ordinance was adopted on November 5,  1984  by  the  City  of
12    LeRoy  and,  for  redevelopment project areas for which bonds
13    were issued before  July  29,  1991,  in  connection  with  a
14    redevelopment  project in the area within the State Sales Tax
15    Boundary and which were extended by municipal ordinance under
16    subsection (n) of Section 11-74.4-3, the last maturity of the
17    refunding obligations shall not be expressed to mature  later
18    than  the  date  on  which  the redevelopment project area is
19    terminated or December 31, 2013, whichever date occurs first.
20        In the event a municipality issues obligations under home
21    rule powers or other legislative authority  the  proceeds  of
22    which are pledged to pay for redevelopment project costs, the
23    municipality  may,  if  it  has  followed  the  procedures in
24    conformance with this division, retire said obligations  from
25    funds  in  the  special tax allocation fund in amounts and in
26    such manner as if such obligations had been  issued  pursuant
27    to the provisions of this division.
28        All  obligations  heretofore or hereafter issued pursuant
29    to this Act shall not be  regarded  as  indebtedness  of  the
30    municipality  issuing  such  obligations  or any other taxing
31    district for the purpose of any limitation imposed by law.
32    (Source: P.A. 91-261, eff.  7-23-99;  91-477,  eff.  8-11-99;
33    91-478,  eff.  11-1-99;  91-642,  eff.  8-20-99; 91-763, eff.
34    6-9-00; 92-263, eff. 8-7-01;  92-406,  eff.  1-1-02;  92-624,
 
                            -60-     LRB093 06237 SJM 14476 a
 1    eff. 7-11-02; 92-651, eff. 7-11-02.)

 2        (65 ILCS 5/11-74.4-8) (from Ch. 24, par. 11-74.4-8)
 3        Sec.   11-74.4-8.  A   municipality  may  not  adopt  tax
 4    increment financing in a redevelopment project area after the
 5    effective date of this  amendatory  Act  of  1997  that  will
 6    encompass an area that is currently included in an enterprise
 7    zone  created  under  the Illinois Enterprise Zone Act unless
 8    that municipality, pursuant to Section 5.4  of  the  Illinois
 9    Enterprise  Zone  Act, amends the enterprise zone designating
10    ordinance to limit the  eligibility  for  tax  abatements  as
11    provided  in  Section  5.4.1  of the Illinois Enterprise Zone
12    Act.  A municipality, at the  time  a  redevelopment  project
13    area  is  designated,  may  adopt  tax  increment  allocation
14    financing  by  passing  an  ordinance  providing  that the ad
15    valorem taxes, if any, arising from the levies  upon  taxable
16    real  property  in  such redevelopment project area by taxing
17    districts and tax rates determined in the manner provided  in
18    paragraph  (c)  of  Section  11-74.4-9  each  year  after the
19    effective date of the ordinance until  redevelopment  project
20    costs  and  all municipal obligations financing redevelopment
21    project costs incurred under this  Division  have  been  paid
22    shall be divided as follows:
23        (a)  That  portion of taxes levied upon each taxable lot,
24    block, tract or parcel of real property which is attributable
25    to the lower of the current equalized assessed value  or  the
26    initial  equalized  assessed  value of each such taxable lot,
27    block, tract or parcel of real property in the  redevelopment
28    project  area  shall be allocated to and when collected shall
29    be paid by the county collector to  the  respective  affected
30    taxing districts in the manner required by law in the absence
31    of the adoption of tax increment allocation financing.
32        (b)  Except  from  a  tax  levied by a township to retire
33    bonds issued to satisfy court-ordered damages, that  portion,
 
                            -61-     LRB093 06237 SJM 14476 a
 1    if  any,  of such taxes which is attributable to the increase
 2    in the current equalized assessed valuation of  each  taxable
 3    lot,   block,  tract  or  parcel  of  real  property  in  the
 4    redevelopment  project  area  over  and  above  the   initial
 5    equalized assessed value of each property in the project area
 6    shall be allocated to and when collected shall be paid to the
 7    municipal  treasurer  who  shall  deposit  said  taxes into a
 8    special fund called the special tax allocation  fund  of  the
 9    municipality  for the purpose of paying redevelopment project
10    costs and obligations incurred in the payment thereof. In any
11    county with a  population  of  3,000,000  or  more  that  has
12    adopted  a  procedure  for collecting taxes that provides for
13    one or more of the installments of the taxes to be billed and
14    collected on an  estimated  basis,  the  municipal  treasurer
15    shall  be paid for deposit in the special tax allocation fund
16    of the municipality, from the taxes collected from  estimated
17    bills  issued for property in the redevelopment project area,
18    the difference between the  amount  actually  collected  from
19    each  taxable  lot,  block, tract, or parcel of real property
20    within  the  redevelopment  project  area   and   an   amount
21    determined  by  multiplying the rate at which taxes were last
22    extended against the taxable lot, block, track, or parcel  of
23    real  property  in  the  manner provided in subsection (c) of
24    Section 11-74.4-9 by the initial equalized assessed value  of
25    the  property  divided by the number of installments in which
26    real estate taxes are billed and collected within the county;
27    provided that the payments on or before December 31, 1999  to
28    a  municipal  treasurer  shall  be  made  only if each of the
29    following conditions are met:
30             (1)  The  total  equalized  assessed  value  of  the
31        redevelopment project area as  last  determined  was  not
32        less  than  175%  of the total initial equalized assessed
33        value.
34             (2)  Not  more  than  50%  of  the  total  equalized
 
                            -62-     LRB093 06237 SJM 14476 a
 1        assessed value of the redevelopment project area as  last
 2        determined   is  attributable  to  a  piece  of  property
 3        assigned a single real estate index number.
 4             (3)  The municipal clerk has certified to the county
 5        clerk that the municipality has issued its obligations to
 6        which there has been  pledged  the  incremental  property
 7        taxes  of  the redevelopment project area or taxes levied
 8        and collected on any or all property in the  municipality
 9        or  the  full faith and credit of the municipality to pay
10        or  secure  payment  for  all  or  a   portion   of   the
11        redevelopment  project  costs. The certification shall be
12        filed  annually  no  later  than  September  1  for   the
13        estimated  taxes to be distributed in the following year;
14        however, for the year 1992  the  certification  shall  be
15        made at any time on or before March 31, 1992.
16             (4)  The  municipality  has  not  requested that the
17        total initial equalized assessed value of  real  property
18        be  adjusted  as  provided  in  subsection (b) of Section
19        11-74.4-9.
20    The conditions of paragraphs (1) through  (4)  do  not  apply
21    after  December 31, 1999 to payments to a municipal treasurer
22    made by a county with 3,000,000 or more inhabitants that  has
23    adopted  an estimated billing procedure for collecting taxes.
24    If a county that has adopted the estimated billing  procedure
25    makes   an  erroneous  overpayment  of  tax  revenue  to  the
26    municipal treasurer, then the county may  seek  a  refund  of
27    that   overpayment.  The  county  shall  send  the  municipal
28    treasurer a notice of liability for  the  overpayment  on  or
29    before  the  mailing  date  of  the next real estate tax bill
30    within the county.  The refund shall be limited to the amount
31    of the overpayment.
32        It  is  the  intent  of  this  Division  that  after  the
33    effective  date  of   this   amendatory   Act   of   1988   a
34    municipality's  own  ad  valorem  tax  arising from levies on
 
                            -63-     LRB093 06237 SJM 14476 a
 1    taxable real property be included  in  the  determination  of
 2    incremental  revenue  in the manner provided in paragraph (c)
 3    of Section 11-74.4-9. If the  municipality  does  not  extend
 4    such  a  tax, it shall annually deposit in the municipality's
 5    Special Tax Increment Fund an amount  equal  to  10%  of  the
 6    total  contributions  to  the  fund  from  all  other  taxing
 7    districts  in  that year.  The annual 10% deposit required by
 8    this paragraph shall be  limited  to  the  actual  amount  of
 9    municipally  produced  incremental  tax revenues available to
10    the municipality from taxpayers located in the  redevelopment
11    project  area  in  that  year  if:  (a) the plan for the area
12    restricts the use of the  property  primarily  to  industrial
13    purposes, (b) the municipality establishing the redevelopment
14    project  area is a home-rule community with a 1990 population
15    of between 25,000 and 50,000, (c) the municipality is  wholly
16    located  within  a  county  with  a  1990  population of over
17    750,000  and  (d)  the   redevelopment   project   area   was
18    established  by the municipality prior to June 1, 1990.  This
19    payment shall be in lieu of  a  contribution  of  ad  valorem
20    taxes  on  real  property.  If  no  such payment is made, any
21    redevelopment project  area  of  the  municipality  shall  be
22    dissolved.
23        If  a  municipality  has adopted tax increment allocation
24    financing  by  ordinance  and  the  County  Clerk  thereafter
25    certifies the "total  initial  equalized  assessed  value  as
26    adjusted"   of   the   taxable   real  property  within  such
27    redevelopment  project  area  in  the  manner   provided   in
28    paragraph  (b) of Section 11-74.4-9, each year after the date
29    of the certification of the total initial equalized  assessed
30    value  as  adjusted until redevelopment project costs and all
31    municipal obligations financing redevelopment  project  costs
32    have been paid the ad valorem taxes, if any, arising from the
33    levies  upon  the taxable real property in such redevelopment
34    project area by taxing districts and tax rates determined  in
 
                            -64-     LRB093 06237 SJM 14476 a
 1    the  manner  provided  in  paragraph (c) of Section 11-74.4-9
 2    shall be divided as follows:
 3             (1)  That portion of  the  taxes  levied  upon  each
 4        taxable  lot,  block,  tract  or  parcel of real property
 5        which  is  attributable  to  the  lower  of  the  current
 6        equalized assessed value or "current  equalized  assessed
 7        value  as  adjusted"  or  the  initial equalized assessed
 8        value of each such taxable lot, block, tract,  or  parcel
 9        of  real  property  existing  at  the  time tax increment
10        financing was adopted, minus the total current  homestead
11        exemptions  provided by Sections 15-170 and 15-175 of the
12        Property Tax Code in the redevelopment project area shall
13        be allocated to and when collected shall be paid  by  the
14        county   collector  to  the  respective  affected  taxing
15        districts in the manner required by law in the absence of
16        the adoption of tax increment allocation financing.
17             (2)  That portion, if any, of such  taxes  which  is
18        attributable  to  the  increase  in the current equalized
19        assessed valuation of each taxable lot, block, tract,  or
20        parcel  of  real  property  in  the redevelopment project
21        area, over and above the initial equalized assessed value
22        of each property  existing  at  the  time  tax  increment
23        financing  was adopted, minus the total current homestead
24        exemptions pertaining to each piece of property  provided
25        by Sections 15-170 and 15-175 of the Property Tax Code in
26        the redevelopment project area, shall be allocated to and
27        when  collected shall be paid to the municipal Treasurer,
28        who shall deposit said taxes into a special  fund  called
29        the  special  tax allocation fund of the municipality for
30        the purpose of paying  redevelopment  project  costs  and
31        obligations incurred in the payment thereof.
32        The municipality may pledge in the ordinance the funds in
33    and  to  be  deposited in the special tax allocation fund for
34    the payment of such costs and obligations.  No  part  of  the
 
                            -65-     LRB093 06237 SJM 14476 a
 1    current  equalized assessed valuation of each property in the
 2    redevelopment project area attributable to any increase above
 3    the total initial equalized  assessed  value,  or  the  total
 4    initial   equalized  assessed  value  as  adjusted,  of  such
 5    properties shall be used in  calculating  the  general  State
 6    school  aid  formula,  provided  for  in  Section 18-8 of the
 7    School Code, until such time  as  all  redevelopment  project
 8    costs have been paid as provided for in this Section.
 9        Whenever  a  municipality issues bonds for the purpose of
10    financing redevelopment project costs, such municipality  may
11    provide  by ordinance for the appointment of a trustee, which
12    may be any trust  company  within  the  State,  and  for  the
13    establishment  of  such funds or accounts to be maintained by
14    such trustee as the  municipality  shall  deem  necessary  to
15    provide  for  the security and payment of the bonds.  If such
16    municipality provides for the appointment of a trustee,  such
17    trustee  shall  be  considered  the  assignee of any payments
18    assigned by the municipality pursuant to such  ordinance  and
19    this  Section.   Any amounts paid to such trustee as assignee
20    shall be deposited  in  the  funds  or  accounts  established
21    pursuant  to  such trust agreement, and shall be held by such
22    trustee in trust for the benefit of the holders of the bonds,
23    and such holders shall have a lien on and a security interest
24    in such funds  or  accounts  so  long  as  the  bonds  remain
25    outstanding  and  unpaid.  Upon  retirement of the bonds, the
26    trustee shall  pay  over  any  excess  amounts  held  to  the
27    municipality for deposit in the special tax allocation fund.
28        When such redevelopment projects costs, including without
29    limitation  all municipal obligations financing redevelopment
30    project costs incurred under this Division, have  been  paid,
31    all   surplus   funds  then  remaining  in  the  special  tax
32    allocation fund shall be distributed by  being  paid  by  the
33    municipal   treasurer  to  the  Department  of  Revenue,  the
34    municipality  and  the  county  collector;   first   to   the
 
                            -66-     LRB093 06237 SJM 14476 a
 1    Department   of   Revenue  and  the  municipality  in  direct
 2    proportion to the tax incremental revenue received  from  the
 3    State  and  the  municipality,  but  not  to exceed the total
 4    incremental  revenue  received  from   the   State   or   the
 5    municipality   less   any   annual  surplus  distribution  of
 6    incremental revenue previously made; with any remaining funds
 7    to be paid to the  County  Collector  who  shall  immediately
 8    thereafter  pay  said  funds  to  the taxing districts in the
 9    redevelopment project area in the same manner and  proportion
10    as  the  most  recent distribution by the county collector to
11    the affected districts  of  real  property  taxes  from  real
12    property in the redevelopment project area.
13        Upon  the payment of all redevelopment project costs, the
14    retirement of obligations, and the distribution of any excess
15    monies pursuant to this Section, and  final  closing  of  the
16    books  and  records  of  the  redevelopment project area, the
17    municipality shall adopt an ordinance dissolving the  special
18    tax  allocation  fund  for the redevelopment project area and
19    terminating the designation of the redevelopment project area
20    as a redevelopment project area. Title to  real  or  personal
21    property  and  public  improvements  acquired  by  or for the
22    municipality as a result of  the  redevelopment  project  and
23    plan  shall  vest in the municipality when acquired and shall
24    continue  to  be  held  by   the   municipality   after   the
25    redevelopment    project    area    has    been   terminated.
26    Municipalities shall notify affected taxing  districts  prior
27    to  November  1  if  the  redevelopment project area is to be
28    terminated  by  December  31  of  that  same  year.    If   a
29    municipality  extends  estimated  dates  of  completion  of a
30    redevelopment  project  and  retirement  of  obligations   to
31    finance   a   redevelopment   project,  as  allowed  by  this
32    amendatory Act of 1993, that extension shall not  extend  the
33    property  tax  increment  allocation  financing authorized by
34    this Section.  Thereafter the rates of the  taxing  districts
 
                            -67-     LRB093 06237 SJM 14476 a
 1    shall be extended and taxes levied, collected and distributed
 2    in  the  manner  applicable in the absence of the adoption of
 3    tax increment allocation financing.
 4        Nothing in this Section shall be construed  as  relieving
 5    property  in  such  redevelopment  project  areas  from being
 6    assessed as provided in the Property Tax Code or as relieving
 7    owners of such property from paying a uniform rate of  taxes,
 8    as  required  by  Section  4  of  Article  9  of the Illinois
 9    Constitution.
10    (Source: P.A. 91-190, eff.  7-20-99;  91-478,  eff.  11-1-99;
11    92-16, eff. 6-28-01.)

12        (65 ILCS 5/11-74.4-10) (from Ch. 24, par. 11-74.4-10)
13        Sec.  11-74.4-10.   Revenues received by the municipality
14    from any property, building  or  facility  owned,  leased  or
15    operated  by  the  municipality  or  any  agency or authority
16    established by the municipality, or from repayments of loans,
17    may be used to pay redevelopment  project  costs,  or  reduce
18    outstanding  obligations  of  the municipality incurred under
19    this  Division  for   redevelopment   project   costs.    The
20    municipality  may  place  such  revenues  in  the special tax
21    allocation  fund  which  shall  be  held  by  the   municipal
22    treasurer  or  other  person  designated by the municipality.
23    Revenue received by the municipality from the sale  or  other
24    disposition  of  real  property  acquired by the municipality
25    with the proceeds of  obligations  funded  by  tax  increment
26    allocation  financing  shall be deposited by the municipality
27    in the special tax allocation fund.
28    (Source: P.A. 79-1525.)

29        Section 99.  Effective date.  This Act takes effect  upon
30    becoming law.".