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1 | | before the designation of
the area and the area shall include |
2 | | only those parcels of real
property and improvements on those |
3 | | parcels substantially benefited by the
proposed redevelopment |
4 | | project improvements.
Upon adoption of the ordinances, the |
5 | | municipality shall forthwith transmit to
the county clerk of |
6 | | the county or counties within which the redevelopment
project |
7 | | area is located a certified copy of the ordinances, a legal |
8 | | description
of the redevelopment project area, a map of the |
9 | | redevelopment project area,
identification of the year that the |
10 | | county clerk shall use for determining the
total initial |
11 | | equalized assessed value of the redevelopment project area
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12 | | consistent with subsection (a) of Section 11-74.6-40, and a
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13 | | list of the parcel or tax identification number of each parcel |
14 | | of property
included in the redevelopment project area.
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15 | | (b) Make and enter into all contracts necessary or |
16 | | incidental to the
implementation and furtherance of its |
17 | | redevelopment plan and project.
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18 | | (c) Within a redevelopment project area, acquire by |
19 | | purchase,
donation, lease or eminent domain; own, convey, |
20 | | lease, mortgage or
dispose of land and other property, real or |
21 | | personal, or rights or
interests therein, and grant or acquire |
22 | | licenses, easements and options
with respect to that property, |
23 | | all in the manner and at a price that the
municipality |
24 | | determines is reasonably necessary to achieve the objectives
of |
25 | | the redevelopment plan and project. No conveyance, lease, |
26 | | mortgage,
disposition of land or other property owned by a |
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1 | | municipality, or agreement
relating to the
development of the |
2 | | municipal property shall be made or executed except
pursuant to |
3 | | prior official action of the corporate authorities of the
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4 | | municipality. No conveyance,
lease, mortgage, or other |
5 | | disposition of land owned by a municipality, and
no agreement |
6 | | relating to the
development of the municipal property, shall be |
7 | | made without making public
disclosure of
the terms and the |
8 | | disposition of all bids and proposals submitted to the
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9 | | municipality in connection therewith. The procedures for |
10 | | obtaining the bids
and proposals
shall provide reasonable |
11 | | opportunity for any person to submit alternative
proposals
or |
12 | | bids.
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13 | | (d) Within a redevelopment project area, clear any area by
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14 | | demolition or removal of any existing buildings, structures, |
15 | | fixtures,
utilities or improvements, and to clear and grade |
16 | | land.
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17 | | (e) Within a redevelopment project area, renovate or |
18 | | rehabilitate or
construct any structure or building, as |
19 | | permitted under this Law.
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20 | | (f) Within or without a redevelopment project area, |
21 | | install, repair,
construct, reconstruct or relocate streets,
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22 | | utilities and site improvements essential to the preparation of |
23 | | the
redevelopment area for use in accordance with a |
24 | | redevelopment plan.
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25 | | (g) Within a redevelopment project area, fix, charge and |
26 | | collect fees,
rents and charges for the use of all or any part |
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1 | | of any building or
property owned or leased by it.
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2 | | (h) Issue obligations as provided in this Act.
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3 | | (i) Accept grants, guarantees and donations of property, |
4 | | labor, or other
things of value from a public or private source |
5 | | for use within a project
redevelopment area.
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6 | | (j) Acquire and construct public facilities within a |
7 | | redevelopment
project area, as permitted under this Law.
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8 | | (k) Incur, pay or cause to be paid redevelopment project |
9 | | costs; provided,
however,
that on and
after the effective date |
10 | | of this amendatory
Act of the 91st General Assembly, no |
11 | | municipality shall incur redevelopment
project costs (except
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12 | | for planning and other eligible costs authorized by municipal |
13 | | ordinance or
resolution that are subsequently included in the |
14 | | redevelopment plan for the
area and are incurred after the |
15 | | ordinance or resolution is adopted) that are
not consistent |
16 | | with the program for
accomplishing the objectives of the
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17 | | redevelopment plan as included in that plan and approved by the
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18 | | municipality until the municipality has amended
the |
19 | | redevelopment plan as provided elsewhere in this Law.
Any |
20 | | payments to be made by the municipality to redevelopers or |
21 | | other
nongovernmental persons for redevelopment project costs |
22 | | incurred by
such redeveloper or other nongovernmental person |
23 | | shall be made only pursuant
to the prior official action of the |
24 | | municipality evidencing an intent to
pay or cause to be paid |
25 | | such redevelopment project costs. A
municipality is not |
26 | | required to obtain any right, title or interest in any
real or |
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1 | | personal property in order to pay redevelopment project
costs |
2 | | associated with such property. The municipality shall adopt |
3 | | such
accounting procedures as may be necessary to determine |
4 | | that such redevelopment
project costs are properly paid.
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5 | | (l) Create a commission of not less than 5 or more than 15 |
6 | | persons to
be appointed by the mayor or president of the |
7 | | municipality with the consent
of the majority of the governing |
8 | | board of the municipality. Members of a
commission appointed |
9 | | after the effective date of this Law
shall be appointed for |
10 | | initial terms of 1, 2, 3, 4 and 5 years,
respectively, in |
11 | | numbers so that the terms of not more than
1/3 of all members |
12 | | expire in any one year. Their successors
shall be appointed for |
13 | | a term of 5 years. The commission, subject to
approval of the |
14 | | corporate authorities of the municipality, may exercise the
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15 | | powers enumerated in this Section. The commission shall also |
16 | | have the power
to hold the public hearings required by this Act |
17 | | and make recommendations
to the corporate authorities |
18 | | concerning the adoption of redevelopment
plans, redevelopment |
19 | | projects and designation of redevelopment project areas.
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20 | | (m) Make payment in lieu of all or a portion of real |
21 | | property taxes due
to taxing districts. If payments in lieu of |
22 | | all or a portion of taxes are
made to taxing districts, those |
23 | | payments shall be made to all districts
within a redevelopment |
24 | | project area on a basis that is proportional to the
current |
25 | | collection of revenue which each taxing district receives from |
26 | | real
property in the redevelopment project area.
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1 | | (n) Exercise any and all other powers necessary to |
2 | | effectuate the
purposes of this Act.
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3 | | (o) In conjunction with other municipalities, undertake |
4 | | and perform
redevelopment plans and projects and utilize the |
5 | | provisions of the Act
wherever they have contiguous |
6 | | redevelopment project areas or they determine
to adopt tax |
7 | | increment allocation financing with respect to a redevelopment
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8 | | project area that includes contiguous real property within the |
9 | | boundaries
of the municipalities, and, by agreement between |
10 | | participating
municipalities, to issue obligations, separately |
11 | | or jointly, and expend
revenues received under this Act for |
12 | | eligible expenses anywhere within
contiguous redevelopment |
13 | | project areas or as otherwise permitted in the Act. Two or more |
14 | | municipalities may designate a joint redevelopment project |
15 | | area under this subsection (o) if at least one of the |
16 | | municipalities is eligible to designate a redevelopment |
17 | | project area under this Division.
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18 | | (p) Create an Industrial Jobs Recovery Advisory Committee |
19 | | of not more
than 15 members to be appointed by the mayor or |
20 | | president of the
municipality with the consent of the majority |
21 | | of the governing board of the
municipality. The members of that |
22 | | Committee shall be appointed for initial
terms of 1, 2, and 3 |
23 | | years respectively, in numbers so that the terms of
not more |
24 | | than 1/3 of all members expire in any one year. Their |
25 | | successors
shall be appointed for a term of 3 years. The |
26 | | Committee shall have none of
the powers enumerated in this |
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1 | | Section. The Committee shall serve in an
advisory capacity |
2 | | only. The Committee may advise the governing board of
the |
3 | | municipality and other municipal officials regarding |
4 | | development issues
and opportunities within the redevelopment |
5 | | project area. The Committee may
also promote and publicize |
6 | | development opportunities in the redevelopment
project area.
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7 | | (q) If a redevelopment project has not been initiated in a |
8 | | redevelopment
project area within 5 years after the area was |
9 | | designated by ordinance under
subsection (a), the municipality |
10 | | shall adopt an ordinance repealing the area's
designation as a |
11 | | redevelopment project area. Initiation of a redevelopment
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12 | | project shall be evidenced by either a signed redevelopment |
13 | | agreement or
expenditures on eligible redevelopment project |
14 | | costs associated with a
redevelopment project.
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15 | | (r) Within a redevelopment planning area, transfer or loan |
16 | | tax increment
revenues from one redevelopment project area to |
17 | | another redevelopment project
area for expenditure on eligible |
18 | | costs in the receiving area.
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19 | | (s) Use tax increment revenue produced in a redevelopment |
20 | | project area
created under this Law by transferring or loaning |
21 | | such revenues to a
redevelopment project area created under the |
22 | | Tax Increment Allocation
Redevelopment Act that is either |
23 | | contiguous to, or separated only by a public
right of way from, |
24 | | the redevelopment project area that initially produced and
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25 | | received those revenues.
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26 | | |