Sen. Linda Holmes

Filed: 4/9/2008

 

 


 

 


 
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1
AMENDMENT TO SENATE BILL 2678

2     AMENDMENT NO. ______. Amend Senate Bill 2678 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 and 11-74.4-7 and by adding Section
6 11-74.4-3.5 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, wherever
9 used or referred to in this Division 74.4 shall have the
10 following respective meanings, unless in any case a different
11 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.

 

 

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1     On and after November 1, 1999, "blighted area" means any
2 improved or vacant area within the boundaries of a
3 redevelopment project area located within the territorial
4 limits of the municipality where:
5         (1) If improved, industrial, commercial, and
6     residential buildings or improvements are detrimental to
7     the public safety, health, or welfare because of a
8     combination of 5 or more of the following factors, each of
9     which is (i) present, with that presence documented, to a
10     meaningful extent so that a municipality may reasonably
11     find that the factor is clearly present within the intent
12     of the Act and (ii) reasonably distributed throughout the
13     improved part of the redevelopment project area:
14             (A) Dilapidation. An advanced state of disrepair
15         or neglect of necessary repairs to the primary
16         structural components of buildings or improvements in
17         such a combination that a documented building
18         condition analysis determines that major repair is
19         required or the defects are so serious and so extensive
20         that the buildings must be removed.
21             (B) Obsolescence. The condition or process of
22         falling into disuse. Structures have become ill-suited
23         for the original use.
24             (C) Deterioration. With respect to buildings,
25         defects including, but not limited to, major defects in
26         the secondary building components such as doors,

 

 

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1         windows, porches, gutters and downspouts, and fascia.
2         With respect to surface improvements, that the
3         condition of roadways, alleys, curbs, gutters,
4         sidewalks, off-street parking, and surface storage
5         areas evidence deterioration, including, but not
6         limited to, surface cracking, crumbling, potholes,
7         depressions, loose paving material, and weeds
8         protruding through paved surfaces.
9             (D) Presence of structures below minimum code
10         standards. All structures that do not meet the
11         standards of zoning, subdivision, building, fire, and
12         other governmental codes applicable to property, but
13         not including housing and property maintenance codes.
14             (E) Illegal use of individual structures. The use
15         of structures in violation of applicable federal,
16         State, or local laws, exclusive of those applicable to
17         the presence of structures below minimum code
18         standards.
19             (F) Excessive vacancies. The presence of buildings
20         that are unoccupied or under-utilized and that
21         represent an adverse influence on the area because of
22         the frequency, extent, or duration of the vacancies.
23             (G) Lack of ventilation, light, or sanitary
24         facilities. The absence of adequate ventilation for
25         light or air circulation in spaces or rooms without
26         windows, or that require the removal of dust, odor,

 

 

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1         gas, smoke, or other noxious airborne materials.
2         Inadequate natural light and ventilation means the
3         absence of skylights or windows for interior spaces or
4         rooms and improper window sizes and amounts by room
5         area to window area ratios. Inadequate sanitary
6         facilities refers to the absence or inadequacy of
7         garbage storage and enclosure, bathroom facilities,
8         hot water and kitchens, and structural inadequacies
9         preventing ingress and egress to and from all rooms and
10         units within a building.
11             (H) Inadequate utilities. Underground and overhead
12         utilities such as storm sewers and storm drainage,
13         sanitary sewers, water lines, and gas, telephone, and
14         electrical services that are shown to be inadequate.
15         Inadequate utilities are those that are: (i) of
16         insufficient capacity to serve the uses in the
17         redevelopment project area, (ii) deteriorated,
18         antiquated, obsolete, or in disrepair, or (iii)
19         lacking within the redevelopment project area.
20             (I) Excessive land coverage and overcrowding of
21         structures and community facilities. The
22         over-intensive use of property and the crowding of
23         buildings and accessory facilities onto a site.
24         Examples of problem conditions warranting the
25         designation of an area as one exhibiting excessive land
26         coverage are: (i) the presence of buildings either

 

 

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1         improperly situated on parcels or located on parcels of
2         inadequate size and shape in relation to present-day
3         standards of development for health and safety and (ii)
4         the presence of multiple buildings on a single parcel.
5         For there to be a finding of excessive land coverage,
6         these parcels must exhibit one or more of the following
7         conditions: insufficient provision for light and air
8         within or around buildings, increased threat of spread
9         of fire due to the close proximity of buildings, lack
10         of adequate or proper access to a public right-of-way,
11         lack of reasonably required off-street parking, or
12         inadequate provision for loading and service.
13             (J) Deleterious land use or layout. The existence
14         of incompatible land-use relationships, buildings
15         occupied by inappropriate mixed-uses, or uses
16         considered to be noxious, offensive, or unsuitable for
17         the surrounding area.
18             (K) Environmental clean-up. The proposed
19         redevelopment project area has incurred Illinois
20         Environmental Protection Agency or United States
21         Environmental Protection Agency remediation costs for,
22         or a study conducted by an independent consultant
23         recognized as having expertise in environmental
24         remediation has determined a need for, the clean-up of
25         hazardous waste, hazardous substances, or underground
26         storage tanks required by State or federal law,

 

 

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1         provided that the remediation costs constitute a
2         material impediment to the development or
3         redevelopment of the redevelopment project area.
4             (L) Lack of community planning. The proposed
5         redevelopment project area was developed prior to or
6         without the benefit or guidance of a community plan.
7         This means that the development occurred prior to the
8         adoption by the municipality of a comprehensive or
9         other community plan or that the plan was not followed
10         at the time of the area's development. This factor must
11         be documented by evidence of adverse or incompatible
12         land-use relationships, inadequate street layout,
13         improper subdivision, parcels of inadequate shape and
14         size to meet contemporary development standards, or
15         other evidence demonstrating an absence of effective
16         community planning.
17             (M) The total equalized assessed value of the
18         proposed redevelopment project area has declined for 3
19         of the last 5 calendar years prior to the year in which
20         the redevelopment project area is designated or is
21         increasing at an annual rate that is less than the
22         balance of the municipality for 3 of the last 5
23         calendar years for which information is available or is
24         increasing at an annual rate that is less than the
25         Consumer Price Index for All Urban Consumers published
26         by the United States Department of Labor or successor

 

 

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1         agency for 3 of the last 5 calendar years prior to the
2         year in which the redevelopment project area is
3         designated.
4         (2) If vacant, the sound growth of the redevelopment
5     project area is impaired by a combination of 2 or more of
6     the following factors, each of which is (i) present, with
7     that presence documented, to a meaningful extent so that a
8     municipality may reasonably find that the factor is clearly
9     present within the intent of the Act and (ii) reasonably
10     distributed throughout the vacant part of the
11     redevelopment project area to which it pertains:
12             (A) Obsolete platting of vacant land that results
13         in parcels of limited or narrow size or configurations
14         of parcels of irregular size or shape that would be
15         difficult to develop on a planned basis and in a manner
16         compatible with contemporary standards and
17         requirements, or platting that failed to create
18         rights-of-ways for streets or alleys or that created
19         inadequate right-of-way widths for streets, alleys, or
20         other public rights-of-way or that omitted easements
21         for public utilities.
22             (B) Diversity of ownership of parcels of vacant
23         land sufficient in number to retard or impede the
24         ability to assemble the land for development.
25             (C) Tax and special assessment delinquencies exist
26         or the property has been the subject of tax sales under

 

 

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1         the Property Tax Code within the last 5 years.
2             (D) Deterioration of structures or site
3         improvements in neighboring areas adjacent to the
4         vacant land.
5             (E) The area has incurred Illinois Environmental
6         Protection Agency or United States Environmental
7         Protection Agency remediation costs for, or a study
8         conducted by an independent consultant recognized as
9         having expertise in environmental remediation has
10         determined a need for, the clean-up of hazardous waste,
11         hazardous substances, or underground storage tanks
12         required by State or federal law, provided that the
13         remediation costs constitute a material impediment to
14         the development or redevelopment of the redevelopment
15         project area.
16             (F) The total equalized assessed value of the
17         proposed redevelopment project area has declined for 3
18         of the last 5 calendar years prior to the year in which
19         the redevelopment project area is designated or is
20         increasing at an annual rate that is less than the
21         balance of the municipality for 3 of the last 5
22         calendar years for which information is available or is
23         increasing at an annual rate that is less than the
24         Consumer Price Index for All Urban Consumers published
25         by the United States Department of Labor or successor
26         agency for 3 of the last 5 calendar years prior to the

 

 

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1         year in which the redevelopment project area is
2         designated.
3         (3) If vacant, the sound growth of the redevelopment
4     project area is impaired by one of the following factors
5     that (i) is present, with that presence documented, to a
6     meaningful extent so that a municipality may reasonably
7     find that the factor is clearly present within the intent
8     of the Act and (ii) is reasonably distributed throughout
9     the vacant part of the redevelopment project area to which
10     it pertains:
11             (A) The area consists of one or more unused
12         quarries, mines, or strip mine ponds.
13             (B) The area consists of unused rail yards, rail
14         tracks, or railroad rights-of-way.
15             (C) The area, prior to its designation, is subject
16         to (i) chronic flooding that adversely impacts on real
17         property in the area as certified by a registered
18         professional engineer or appropriate regulatory agency
19         or (ii) surface water that discharges from all or a
20         part of the area and contributes to flooding within the
21         same watershed, but only if the redevelopment project
22         provides for facilities or improvements to contribute
23         to the alleviation of all or part of the flooding.
24             (D) The area consists of an unused or illegal
25         disposal site containing earth, stone, building
26         debris, or similar materials that were removed from

 

 

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1         construction, demolition, excavation, or dredge sites.
2             (E) Prior to November 1, 1999, the area is not less
3         than 50 nor more than 100 acres and 75% of which is
4         vacant (notwithstanding that the area has been used for
5         commercial agricultural purposes within 5 years prior
6         to the designation of the redevelopment project area),
7         and the area meets at least one of the factors itemized
8         in paragraph (1) of this subsection, the area has been
9         designated as a town or village center by ordinance or
10         comprehensive plan adopted prior to January 1, 1982,
11         and the area has not been developed for that designated
12         purpose.
13             (F) The area qualified as a blighted improved area
14         immediately prior to becoming vacant, unless there has
15         been substantial private investment in the immediately
16         surrounding area.
17     (b) For any redevelopment project area that has been
18 designated pursuant to this Section by an ordinance adopted
19 prior to November 1, 1999 (the effective date of Public Act
20 91-478), "conservation area" shall have the meaning set forth
21 in this Section prior to that date.
22     On and after November 1, 1999, "conservation area" means
23 any improved area within the boundaries of a redevelopment
24 project area located within the territorial limits of the
25 municipality in which 50% or more of the structures in the area
26 have an age of 35 years or more. Such an area is not yet a

 

 

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1 blighted area but because of a combination of 3 or more of the
2 following factors is detrimental to the public safety, health,
3 morals or welfare and such an area may become a blighted area:
4         (1) Dilapidation. An advanced state of disrepair or
5     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 are
9     so serious and so extensive that the buildings must be
10     removed.
11         (2) Obsolescence. The condition or process of falling
12     into disuse. Structures have become ill-suited for the
13     original use.
14         (3) Deterioration. With respect to buildings, defects
15     including, but not limited to, major defects in the
16     secondary building components such as doors, windows,
17     porches, gutters and downspouts, and fascia. With respect
18     to surface improvements, that the condition of roadways,
19     alleys, curbs, gutters, sidewalks, off-street parking, and
20     surface storage areas evidence deterioration, including,
21     but not limited to, surface cracking, crumbling, potholes,
22     depressions, loose paving material, and weeds protruding
23     through paved surfaces.
24         (4) Presence of structures below minimum code
25     standards. All structures that do not meet the standards of
26     zoning, subdivision, building, fire, and other

 

 

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1     governmental codes applicable to property, but not
2     including housing and property maintenance codes.
3         (5) Illegal use of individual structures. The use of
4     structures in violation of applicable federal, State, or
5     local laws, exclusive of those applicable to the presence
6     of structures below minimum code standards.
7         (6) Excessive vacancies. The presence of buildings
8     that are unoccupied or under-utilized and that represent an
9     adverse influence on the area because of the frequency,
10     extent, or duration of the vacancies.
11         (7) Lack of ventilation, light, or sanitary
12     facilities. The absence of adequate ventilation for light
13     or air circulation in spaces or rooms without windows, or
14     that require the removal of dust, odor, gas, smoke, or
15     other noxious airborne materials. Inadequate natural light
16     and ventilation means the absence or inadequacy of
17     skylights or windows for interior spaces or rooms and
18     improper window sizes and amounts by room area to window
19     area ratios. Inadequate sanitary facilities refers to the
20     absence or inadequacy of garbage storage and enclosure,
21     bathroom facilities, hot water and kitchens, and
22     structural inadequacies preventing ingress and egress to
23     and from all rooms and units within a building.
24         (8) Inadequate utilities. Underground and overhead
25     utilities such as storm sewers and storm drainage, sanitary
26     sewers, water lines, and gas, telephone, and electrical

 

 

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1     services that are shown to be inadequate. Inadequate
2     utilities are those that are: (i) of insufficient capacity
3     to serve the uses in the redevelopment project area, (ii)
4     deteriorated, antiquated, obsolete, or in disrepair, or
5     (iii) lacking within the redevelopment project area.
6         (9) Excessive land coverage and overcrowding of
7     structures and community facilities. The over-intensive
8     use of property and the crowding of buildings and accessory
9     facilities onto a site. Examples of problem conditions
10     warranting the designation of an area as one exhibiting
11     excessive land coverage are: the presence of buildings
12     either improperly situated on parcels or located on parcels
13     of inadequate size and shape in relation to present-day
14     standards of development for health and safety and the
15     presence of multiple buildings on a single parcel. For
16     there to be a finding of excessive land coverage, these
17     parcels must exhibit one or more of the following
18     conditions: insufficient provision for light and air
19     within or around buildings, increased threat of spread of
20     fire due to the close proximity of buildings, lack of
21     adequate or proper access to a public right-of-way, lack of
22     reasonably required off-street parking, or inadequate
23     provision for loading and service.
24         (10) Deleterious land use or layout. The existence of
25     incompatible land-use relationships, buildings occupied by
26     inappropriate mixed-uses, or uses considered to be

 

 

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1     noxious, offensive, or unsuitable for the surrounding
2     area.
3         (11) Lack of community planning. The proposed
4     redevelopment project area was developed prior to or
5     without the benefit or guidance of a community plan. This
6     means that the development occurred prior to the adoption
7     by the municipality of a comprehensive or other community
8     plan or that the plan was not followed at the time of the
9     area's development. This factor must be documented by
10     evidence of adverse or incompatible land-use
11     relationships, inadequate street layout, improper
12     subdivision, parcels of inadequate shape and size to meet
13     contemporary development standards, or other evidence
14     demonstrating an absence of effective community planning.
15         (12) The area has incurred Illinois Environmental
16     Protection Agency or United States Environmental
17     Protection Agency remediation costs for, or a study
18     conducted by an independent consultant recognized as
19     having expertise in environmental remediation has
20     determined a need for, the clean-up of hazardous waste,
21     hazardous substances, or underground storage tanks
22     required by State or federal law, provided that the
23     remediation costs constitute a material impediment to the
24     development or redevelopment of the redevelopment project
25     area.
26         (13) The total equalized assessed value of the proposed

 

 

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1     redevelopment project area has declined for 3 of the last 5
2     calendar years for which information is available or is
3     increasing at an annual rate that is less than the balance
4     of the municipality for 3 of the last 5 calendar years for
5     which information is available or is increasing at an
6     annual rate that is less than the Consumer Price Index for
7     All Urban Consumers published by the United States
8     Department of Labor or successor agency for 3 of the last 5
9     calendar years for which information is available.
10     (c) "Industrial park" means an area in a blighted or
11 conservation area suitable for use by any manufacturing,
12 industrial, research or transportation enterprise, of
13 facilities to include but not be limited to factories, mills,
14 processing plants, assembly plants, packing plants,
15 fabricating plants, industrial distribution centers,
16 warehouses, repair overhaul or service facilities, freight
17 terminals, research facilities, test facilities or railroad
18 facilities.
19     (d) "Industrial park conservation area" means an area
20 within the boundaries of a redevelopment project area located
21 within the territorial limits of a municipality that is a labor
22 surplus municipality or within 1 1/2 miles of the territorial
23 limits of a municipality that is a labor surplus municipality
24 if the area is annexed to the municipality; which area is zoned
25 as industrial no later than at the time the municipality by
26 ordinance designates the redevelopment project area, and which

 

 

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1 area includes both vacant land suitable for use as an
2 industrial park and a blighted area or conservation area
3 contiguous to such vacant land.
4     (e) "Labor surplus municipality" means a municipality in
5 which, at any time during the 6 months before the municipality
6 by ordinance designates an industrial park conservation area,
7 the unemployment rate was over 6% and was also 100% or more of
8 the national average unemployment rate for that same time as
9 published in the United States Department of Labor Bureau of
10 Labor Statistics publication entitled "The Employment
11 Situation" or its successor publication. For the purpose of
12 this subsection, if unemployment rate statistics for the
13 municipality are not available, the unemployment rate in the
14 municipality shall be deemed to be the same as the unemployment
15 rate in the principal county in which the municipality is
16 located.
17     (f) "Municipality" shall mean a city, village,
18 incorporated town, or a township that is located in the
19 unincorporated portion of a county with 3 million or more
20 inhabitants, if the county adopted an ordinance that approved
21 the township's redevelopment plan.
22     (g) "Initial Sales Tax Amounts" means the amount of taxes
23 paid under the Retailers' Occupation Tax Act, Use Tax Act,
24 Service Use Tax Act, the Service Occupation Tax Act, the
25 Municipal Retailers' Occupation Tax Act, and the Municipal
26 Service Occupation Tax Act by retailers and servicemen on

 

 

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1 transactions at places located in a State Sales Tax Boundary
2 during the calendar year 1985.
3     (g-1) "Revised Initial Sales Tax Amounts" means the amount
4 of taxes paid under the Retailers' Occupation Tax Act, Use Tax
5 Act, Service Use Tax Act, the Service Occupation Tax Act, the
6 Municipal Retailers' Occupation Tax Act, and the Municipal
7 Service Occupation Tax Act by retailers and servicemen on
8 transactions at places located within the State Sales Tax
9 Boundary revised pursuant to Section 11-74.4-8a(9) of this Act.
10     (h) "Municipal Sales Tax Increment" means an amount equal
11 to the increase in the aggregate amount of taxes paid to a
12 municipality from the Local Government Tax Fund arising from
13 sales by retailers and servicemen within the redevelopment
14 project area or State Sales Tax Boundary, as the case may be,
15 for as long as the redevelopment project area or State Sales
16 Tax Boundary, as the case may be, exist over and above the
17 aggregate amount of taxes as certified by the Illinois
18 Department of Revenue and paid under the Municipal Retailers'
19 Occupation Tax Act and the Municipal Service Occupation Tax Act
20 by retailers and servicemen, on transactions at places of
21 business located in the redevelopment project area or State
22 Sales Tax Boundary, as the case may be, during the base year
23 which shall be the calendar year immediately prior to the year
24 in which the municipality adopted tax increment allocation
25 financing. For purposes of computing the aggregate amount of
26 such taxes for base years occurring prior to 1985, the

 

 

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1 Department of Revenue shall determine the Initial Sales Tax
2 Amounts for such taxes and deduct therefrom an amount equal to
3 4% of the aggregate amount of taxes per year for each year the
4 base year is prior to 1985, but not to exceed a total deduction
5 of 12%. The amount so determined shall be known as the
6 "Adjusted Initial Sales Tax Amounts". For purposes of
7 determining the Municipal Sales Tax Increment, the Department
8 of Revenue shall for each period subtract from the amount paid
9 to the municipality from the Local Government Tax Fund arising
10 from sales by retailers and servicemen on transactions located
11 in the redevelopment project area or the State Sales Tax
12 Boundary, as the case may be, the certified Initial Sales Tax
13 Amounts, the Adjusted Initial Sales Tax Amounts or the Revised
14 Initial Sales Tax Amounts for the Municipal Retailers'
15 Occupation Tax Act and the Municipal Service Occupation Tax
16 Act. For the State Fiscal Year 1989, this calculation shall be
17 made by utilizing the calendar year 1987 to determine the tax
18 amounts received. For the State Fiscal Year 1990, this
19 calculation shall be made by utilizing the period from January
20 1, 1988, until September 30, 1988, to determine the tax amounts
21 received from retailers and servicemen pursuant to the
22 Municipal Retailers' Occupation Tax and the Municipal Service
23 Occupation Tax Act, which shall have deducted therefrom
24 nine-twelfths of the certified Initial Sales Tax Amounts, the
25 Adjusted Initial Sales Tax Amounts or the Revised Initial Sales
26 Tax Amounts as appropriate. For the State Fiscal Year 1991,

 

 

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1 this calculation shall be made by utilizing the period from
2 October 1, 1988, to June 30, 1989, to determine the tax amounts
3 received from retailers and servicemen pursuant to the
4 Municipal Retailers' Occupation Tax and the Municipal Service
5 Occupation Tax Act which shall have deducted therefrom
6 nine-twelfths of the certified Initial Sales Tax Amounts,
7 Adjusted Initial Sales Tax Amounts or the Revised Initial Sales
8 Tax Amounts as appropriate. For every State Fiscal Year
9 thereafter, the applicable period shall be the 12 months
10 beginning July 1 and ending June 30 to determine the tax
11 amounts received which shall have deducted therefrom the
12 certified Initial Sales Tax Amounts, the Adjusted Initial Sales
13 Tax Amounts or the Revised Initial Sales Tax Amounts, as the
14 case may be.
15     (i) "Net State Sales Tax Increment" means the sum of the
16 following: (a) 80% of the first $100,000 of State Sales Tax
17 Increment annually generated within a State Sales Tax Boundary;
18 (b) 60% of the amount in excess of $100,000 but not exceeding
19 $500,000 of State Sales Tax Increment annually generated within
20 a State Sales Tax Boundary; and (c) 40% of all amounts in
21 excess of $500,000 of State Sales Tax Increment annually
22 generated within a State Sales Tax Boundary. If, however, a
23 municipality established a tax increment financing district in
24 a county with a population in excess of 3,000,000 before
25 January 1, 1986, and the municipality entered into a contract
26 or issued bonds after January 1, 1986, but before December 31,

 

 

09500SB2678sam001 - 20 - LRB095 05534 HLH 49098 a

1 1986, to finance redevelopment project costs within a State
2 Sales Tax Boundary, then the Net State Sales Tax Increment
3 means, for the fiscal years beginning July 1, 1990, and July 1,
4 1991, 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 municipalities
8 100% of their Net State Sales Tax Increment before any
9 distribution to any other municipality and regardless of
10 whether or not those other municipalities will receive 100% of
11 their Net State Sales Tax Increment. For Fiscal Year 1999, and
12 every year thereafter until the year 2007, for any municipality
13 that has not entered into a contract or has not issued bonds
14 prior to June 1, 1988 to finance redevelopment project costs
15 within a State Sales Tax Boundary, the Net State Sales Tax
16 Increment shall be calculated as follows: By multiplying the
17 Net State Sales Tax Increment by 90% in the State Fiscal Year
18 1999; 80% in the State Fiscal Year 2000; 70% in the State
19 Fiscal Year 2001; 60% in the State Fiscal Year 2002; 50% in the
20 State Fiscal Year 2003; 40% in the State Fiscal Year 2004; 30%
21 in the State Fiscal Year 2005; 20% in the State Fiscal Year
22 2006; and 10% in the State Fiscal Year 2007. No payment shall
23 be made for State Fiscal Year 2008 and thereafter.
24     Municipalities that issued bonds in connection with a
25 redevelopment project in a redevelopment project area within
26 the State Sales Tax Boundary prior to July 29, 1991, or that

 

 

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1 entered into contracts in connection with a redevelopment
2 project in a redevelopment project area before June 1, 1988,
3 shall continue to receive their proportional share of the
4 Illinois Tax Increment Fund distribution until the date on
5 which the redevelopment project is completed or terminated. If,
6 however, a municipality that issued bonds in connection with a
7 redevelopment project in a redevelopment project area within
8 the State Sales Tax Boundary prior to July 29, 1991 retires the
9 bonds prior to June 30, 2007 or a municipality that entered
10 into contracts in connection with a redevelopment project in a
11 redevelopment project area before June 1, 1988 completes the
12 contracts prior to June 30, 2007, then so long as the
13 redevelopment project is not completed or is not terminated,
14 the Net State Sales Tax Increment shall be calculated,
15 beginning on the date on which the bonds are retired or the
16 contracts are completed, as follows: By multiplying the Net
17 State Sales Tax Increment by 60% in the State Fiscal Year 2002;
18 50% in the State Fiscal Year 2003; 40% in the State Fiscal Year
19 2004; 30% in the State Fiscal Year 2005; 20% in the State
20 Fiscal Year 2006; and 10% in the State Fiscal Year 2007. No
21 payment shall be made for State Fiscal Year 2008 and
22 thereafter. Refunding of any bonds issued prior to July 29,
23 1991, shall not alter the Net State Sales Tax Increment.
24     (j) "State Utility Tax Increment Amount" means an amount
25 equal to the aggregate increase in State electric and gas tax
26 charges imposed on owners and tenants, other than residential

 

 

09500SB2678sam001 - 22 - LRB095 05534 HLH 49098 a

1 customers, of properties located within the redevelopment
2 project area under Section 9-222 of the Public Utilities Act,
3 over and above the aggregate of such charges as certified by
4 the Department of Revenue and paid by owners and tenants, other
5 than residential customers, of properties within the
6 redevelopment project area during the base year, which shall be
7 the calendar year immediately prior to the year of the adoption
8 of the ordinance authorizing tax increment allocation
9 financing.
10     (k) "Net State Utility Tax Increment" means the sum of the
11 following: (a) 80% of the first $100,000 of State Utility Tax
12 Increment annually generated by a redevelopment project area;
13 (b) 60% of the amount in excess of $100,000 but not exceeding
14 $500,000 of the State Utility Tax Increment annually generated
15 by a redevelopment project area; and (c) 40% of all amounts in
16 excess of $500,000 of State Utility Tax Increment annually
17 generated by a redevelopment project area. For the State Fiscal
18 Year 1999, and every year thereafter until the year 2007, for
19 any municipality that has not entered into a contract or has
20 not issued bonds prior to June 1, 1988 to finance redevelopment
21 project costs within a redevelopment project area, the Net
22 State Utility Tax Increment shall be calculated as follows: By
23 multiplying the Net State Utility Tax Increment by 90% in the
24 State Fiscal Year 1999; 80% in the State Fiscal Year 2000; 70%
25 in the State Fiscal Year 2001; 60% in the State Fiscal Year
26 2002; 50% in the State Fiscal Year 2003; 40% in the State

 

 

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1 Fiscal Year 2004; 30% in the State Fiscal Year 2005; 20% in the
2 State Fiscal Year 2006; and 10% in the State Fiscal Year 2007.
3 No payment shall be made for the State Fiscal Year 2008 and
4 thereafter.
5     Municipalities that issue bonds in connection with the
6 redevelopment project during the period from June 1, 1988 until
7 3 years after the effective date of this Amendatory Act of 1988
8 shall receive the Net State Utility Tax Increment, subject to
9 appropriation, for 15 State Fiscal Years after the issuance of
10 such bonds. For the 16th through the 20th State Fiscal Years
11 after issuance of the bonds, the Net State Utility Tax
12 Increment shall be calculated as follows: By multiplying the
13 Net State Utility Tax Increment by 90% in year 16; 80% in year
14 17; 70% in year 18; 60% in year 19; and 50% in year 20.
15 Refunding of any bonds issued prior to June 1, 1988, shall not
16 alter the revised Net State Utility Tax Increment payments set
17 forth above.
18     (l) "Obligations" mean bonds, loans, debentures, notes,
19 special certificates or other evidence of indebtedness issued
20 by the municipality to carry out a redevelopment project or to
21 refund outstanding obligations.
22     (m) "Payment in lieu of taxes" means those estimated tax
23 revenues from real property in a redevelopment project area
24 derived from real property that has been acquired by a
25 municipality which according to the redevelopment project or
26 plan is to be used for a private use which taxing districts

 

 

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1 would have received had a municipality not acquired the real
2 property and adopted tax increment allocation financing and
3 which would result from levies made after the time of the
4 adoption of tax increment allocation financing to the time the
5 current equalized value of real property in the redevelopment
6 project area exceeds the total initial equalized value of real
7 property in said area.
8     (n) "Redevelopment plan" means the comprehensive program
9 of the municipality for development or redevelopment intended
10 by the payment of redevelopment project costs to reduce or
11 eliminate those conditions the existence of which qualified the
12 redevelopment project area as a "blighted area" or
13 "conservation area" or combination thereof or "industrial park
14 conservation area," and thereby to enhance the tax bases of the
15 taxing districts which extend into the redevelopment project
16 area. On and after November 1, 1999 (the effective date of
17 Public Act 91-478), no redevelopment plan may be approved or
18 amended that includes the development of vacant land (i) with a
19 golf course and related clubhouse and other facilities or (ii)
20 designated by federal, State, county, or municipal government
21 as public land for outdoor recreational activities or for
22 nature preserves and used for that purpose within 5 years prior
23 to the adoption of the redevelopment plan. For the purpose of
24 this subsection, "recreational activities" is limited to mean
25 camping and hunting. Each redevelopment plan shall set forth in
26 writing the program to be undertaken to accomplish the

 

 

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1 objectives and shall include but not be limited to:
2         (A) an itemized list of estimated redevelopment
3     project costs;
4         (B) evidence indicating that the redevelopment project
5     area on the whole has not been subject to growth and
6     development through investment by private enterprise;
7         (C) an assessment of any financial impact of the
8     redevelopment project area on or any increased demand for
9     services from any taxing district affected by the plan and
10     any program to address such financial impact or increased
11     demand;
12         (D) the sources of funds to pay costs;
13         (E) the nature and term of the obligations to be
14     issued;
15         (F) the most recent equalized assessed valuation of the
16     redevelopment project area;
17         (G) an estimate as to the equalized assessed valuation
18     after redevelopment and the general land uses to apply in
19     the redevelopment project area;
20         (H) a commitment to fair employment practices and an
21     affirmative action plan;
22         (I) if it concerns an industrial park conservation
23     area, the plan shall also include a general description of
24     any proposed developer, user and tenant of any property, a
25     description of the type, structure and general character of
26     the facilities to be developed, a description of the type,

 

 

09500SB2678sam001 - 26 - LRB095 05534 HLH 49098 a

1     class and number of new employees to be employed in the
2     operation of the facilities to be developed; and
3         (J) if property is to be annexed to the municipality,
4     the plan shall include the terms of the annexation
5     agreement.
6     The provisions of items (B) and (C) of this subsection (n)
7 shall not apply to a municipality that before March 14, 1994
8 (the effective date of Public Act 88-537) had fixed, either by
9 its corporate authorities or by a commission designated under
10 subsection (k) of Section 11-74.4-4, a time and place for a
11 public hearing as required by subsection (a) of Section
12 11-74.4-5. No redevelopment plan shall be adopted unless a
13 municipality complies with all of the following requirements:
14         (1) The municipality finds that the redevelopment
15     project area on the whole has not been subject to growth
16     and development through investment by private enterprise
17     and would not reasonably be anticipated to be developed
18     without the adoption of the redevelopment plan.
19         (2) The municipality finds that the redevelopment plan
20     and project conform to the comprehensive plan for the
21     development of the municipality as a whole, or, for
22     municipalities with a population of 100,000 or more,
23     regardless of when the redevelopment plan and project was
24     adopted, the redevelopment plan and project either: (i)
25     conforms to the strategic economic development or
26     redevelopment plan issued by the designated planning

 

 

09500SB2678sam001 - 27 - LRB095 05534 HLH 49098 a

1     authority of the municipality, or (ii) includes land uses
2     that have been approved by the planning commission of the
3     municipality.
4         (3) The redevelopment plan establishes the estimated
5     dates of completion of the redevelopment project and
6     retirement of obligations issued to finance redevelopment
7     project costs. Those dates may not be later than the dates
8     set forth under Section 11-74.4-3.5. : shall not be later
9     than December 31 of the year in which the payment to the
10     municipal treasurer as provided in subsection (b) of
11     Section 11-74.4-8 of this Act is to be made with respect to
12     ad valorem taxes levied in the twenty-third calendar year
13     after the year in which the ordinance approving the
14     redevelopment project area is adopted if the ordinance was
15     adopted on or after January 15, 1981; shall not be later
16     than December 31 of the year in which the payment to the
17     municipal treasurer as provided in subsection (b) of
18     Section 11-74.4-8 of this Act is to be made with respect to
19     ad valorem taxes levied in the thirty-third calendar year
20     after the year in which the ordinance approving the
21     redevelopment project area if the ordinance was adopted on
22     May 20, 1985 by the Village of Wheeling; and shall not be
23     later than December 31 of the year in which the payment to
24     the municipal treasurer as provided in subsection (b) of
25     Section 11-74.4-8 of this Act is to be made with respect to
26     ad valorem taxes levied in the thirty-fifth calendar year

 

 

09500SB2678sam001 - 28 - LRB095 05534 HLH 49098 a

1     after the year in which the ordinance approving the
2     redevelopment project area is adopted:
3             (A) if the ordinance was adopted before January 15,
4         1981, or
5             (B) if the ordinance was adopted in December 1983,
6         April 1984, July 1985, or December 1989, or
7             (C) if the ordinance was adopted in December 1987
8         and the redevelopment project is located within one
9         mile of Midway Airport, or
10             (D) if the ordinance was adopted before January 1,
11         1987 by a municipality in Mason County, or
12             (E) if the municipality is subject to the Local
13         Government Financial Planning and Supervision Act or
14         the Financially Distressed City Law, or
15             (F) if the ordinance was adopted in December 1984
16         by the Village of Rosemont, or
17             (G) if the ordinance was adopted on December 31,
18         1986 by a municipality located in Clinton County for
19         which at least $250,000 of tax increment bonds were
20         authorized on June 17, 1997, or if the ordinance was
21         adopted on December 31, 1986 by a municipality with a
22         population in 1990 of less than 3,600 that is located
23         in a county with a population in 1990 of less than
24         34,000 and for which at least $250,000 of tax increment
25         bonds were authorized on June 17, 1997, or
26             (H) if the ordinance was adopted on October 5, 1982

 

 

09500SB2678sam001 - 29 - LRB095 05534 HLH 49098 a

1         by the City of Kankakee, or if the ordinance was
2         adopted on December 29, 1986 by East St. Louis, or
3             (I) if the ordinance was adopted on November 12,
4         1991 by the Village of Sauget, or
5             (J) if the ordinance was adopted on February 11,
6         1985 by the City of Rock Island, or
7             (K) if the ordinance was adopted before December
8         18, 1986 by the City of Moline, or
9             (L) if the ordinance was adopted in September 1988
10         by Sauk Village, or
11             (M) if the ordinance was adopted in October 1993 by
12         Sauk Village, or
13             (N) if the ordinance was adopted on December 29,
14         1986 by the City of Galva, or
15             (O) if the ordinance was adopted in March 1991 by
16         the City of Centreville, or
17             (P) if the ordinance was adopted on January 23,
18         1991 by the City of East St. Louis, or
19             (Q) if the ordinance was adopted on December 22,
20         1986 by the City of Aledo, or
21             (R) if the ordinance was adopted on February 5,
22         1990 by the City of Clinton, or
23             (S) if the ordinance was adopted on September 6,
24         1994 by the City of Freeport, or
25             (T) if the ordinance was adopted on December 22,
26         1986 by the City of Tuscola, or

 

 

09500SB2678sam001 - 30 - LRB095 05534 HLH 49098 a

1             (U) if the ordinance was adopted on December 23,
2         1986 by the City of Sparta, or
3             (V) if the ordinance was adopted on December 23,
4         1986 by the City of Beardstown, or
5             (W) if the ordinance was adopted on April 27, 1981,
6         October 21, 1985, or December 30, 1986 by the City of
7         Belleville, or
8             (X) if the ordinance was adopted on December 29,
9         1986 by the City of Collinsville, or
10             (Y) if the ordinance was adopted on September 14,
11         1994 by the City of Alton, or
12             (Z) if the ordinance was adopted on November 11,
13         1996 by the City of Lexington, or
14             (AA) if the ordinance was adopted on November 5,
15         1984 by the City of LeRoy, or
16             (BB) if the ordinance was adopted on April 3, 1991
17         or June 3, 1992 by the City of Markham, or
18             (CC) if the ordinance was adopted on November 11,
19         1986 by the City of Pekin, or
20             (DD) if the ordinance was adopted on December 15,
21         1981 by the City of Champaign, or
22             (EE) if the ordinance was adopted on December 15,
23         1986 by the City of Urbana, or
24             (FF) if the ordinance was adopted on December 15,
25         1986 by the Village of Heyworth, or
26             (GG) if the ordinance was adopted on February 24,

 

 

09500SB2678sam001 - 31 - LRB095 05534 HLH 49098 a

1         1992 by the Village of Heyworth, or
2             (HH) if the ordinance was adopted on March 16, 1995
3         by the Village of Heyworth, or
4             (II) if the ordinance was adopted on December 23,
5         1986 by the Town of Cicero, or
6             (JJ) if the ordinance was adopted on December 30,
7         1986 by the City of Effingham, or
8             (KK) if the ordinance was adopted on May 9, 1991 by
9         the Village of Tilton, or
10             (LL) if the ordinance was adopted on October 20,
11         1986 by the City of Elmhurst, or
12             (MM) if the ordinance was adopted on January 19,
13         1988 by the City of Waukegan, or
14             (NN) if the ordinance was adopted on September 21,
15         1998 by the City of Waukegan, or
16             (OO) if the ordinance was adopted on December 31,
17         1986 by the City of Sullivan, or
18             (PP) if the ordinance was adopted on December 23,
19         1991 by the City of Sullivan, or
20             (QQ) if the ordinance was adopted on December 31,
21         1986 by the City of Oglesby, or
22             (RR) if the ordinance was adopted on July 28, 1987
23         by the City of Marion, or
24             (SS) if the ordinance was adopted on April 23, 1990
25         by the City of Marion, or
26             (TT) if the ordinance was adopted on August 20,

 

 

09500SB2678sam001 - 32 - LRB095 05534 HLH 49098 a

1         1985 by the Village of Mount Prospect, or
2             (UU) if the ordinance was adopted on February 2,
3         1998 by the Village of Woodhull, or
4             (VV) if the ordinance was adopted on April 20, 1993
5         by the Village of Princeville, or
6             (WW) if the ordinance was adopted on July 1, 1986
7         by the City of Granite City, or
8             (XX) if the ordinance was adopted on February 2,
9         1989 by the Village of Lombard, or
10             (YY) if the ordinance was adopted on December 29,
11         1986 by the Village of Gardner, or
12             (ZZ) if the ordinance was adopted on July 14, 1999
13         by the Village of Paw Paw, or
14             (AAA) if the ordinance was adopted on November 17,
15         1986 by the Village of Franklin Park, or
16             (BBB) if the ordinance was adopted on November 20,
17         1989 by the Village of South Holland, or
18             (CCC) if the ordinance was adopted on July 14, 1992
19         by the Village of Riverdale.
20              (CCC) if the ordinance was adopted on December 29,
21         1986 by the City of Galesburg, or
22              (DDD) if the ordinance was adopted on April 1,
23         1985 by the City of Galesburg.
24              (CCC) if the ordinance was adopted on May 21, 1990
25         by the City of West Chicago.
26              (CCC) if the ordinance was adopted on December 16,

 

 

09500SB2678sam001 - 33 - LRB095 05534 HLH 49098 a

1         1986 by the City of Oak Forest.
2              (AAA) if the ordinance was adopted in 1999 by the
3         City of Villa Grove.
4              (CCC) if the ordinance was adopted on January 13,
5         1987 by the Village of Mt. Zion.
6              (CCC) if the ordinance was adopted on December 30,
7         1986 by the Village of Manteno; or
8              (DDD) if the ordinance was adopted on April 3,
9         1989 by the City of Chicago Heights; or
10              (EEE) if the ordinance was adopted on January 6,
11         1999 by the Village of Rosemont, or
12              (FFF) if the ordinance was adopted on December 19,
13         2000 by the Village of Stone Park.
14              (CCC) if the ordinance was adopted on December 22,
15         1986 by the City of DeKalb.
16         However, for redevelopment project areas for which
17     bonds were issued before July 29, 1991, or for which
18     contracts were entered into before June 1, 1988, in
19     connection with a redevelopment project in the area within
20     the State Sales Tax Boundary, the estimated dates of
21     completion of the redevelopment project and retirement of
22     obligations to finance redevelopment project costs may be
23     extended by municipal ordinance to December 31, 2013. The
24     termination procedures of subsection (b) of Section
25     11-74.4-8 are not required for these redevelopment project
26     areas in 2009 but are required in 2013. The extension

 

 

09500SB2678sam001 - 34 - LRB095 05534 HLH 49098 a

1     allowed by this amendatory Act of 1993 shall not apply to
2     real property tax increment allocation financing under
3     Section 11-74.4-8.
4         A municipality may by municipal ordinance amend an
5     existing redevelopment plan to conform to this paragraph
6     (3) as amended by Public Act 91-478, which municipal
7     ordinance may be adopted without further hearing or notice
8     and without complying with the procedures provided in this
9     Act pertaining to an amendment to or the initial approval
10     of a redevelopment plan and project and designation of a
11     redevelopment project area.
12         Those dates, for purposes of real property tax
13     increment allocation financing pursuant to Section
14     11-74.4-8 only, shall be not more than 35 years for
15     redevelopment project areas that were adopted on or after
16     December 16, 1986 and for which at least $8 million worth
17     of municipal bonds were authorized on or after December 19,
18     1989 but before January 1, 1990; provided that the
19     municipality elects to extend the life of the redevelopment
20     project area to 35 years by the adoption of an ordinance
21     after at least 14 but not more than 30 days' written notice
22     to the taxing bodies, that would otherwise constitute the
23     joint review board for the redevelopment project area,
24     before the adoption of the ordinance.
25         Those dates, for purposes of real property tax
26     increment allocation financing pursuant to Section

 

 

09500SB2678sam001 - 35 - LRB095 05534 HLH 49098 a

1     11-74.4-8 only, shall be not more than 35 years for
2     redevelopment project areas that were established on or
3     after December 1, 1981 but before January 1, 1982 and for
4     which at least $1,500,000 worth of tax increment revenue
5     bonds were authorized on or after September 30, 1990 but
6     before July 1, 1991; provided that the municipality elects
7     to extend the life of the redevelopment project area to 35
8     years by the adoption of an ordinance after at least 14 but
9     not more than 30 days' written notice to the taxing bodies,
10     that would otherwise constitute the joint review board for
11     the redevelopment project area, before the adoption of the
12     ordinance.
13         (3.5) The municipality finds, in the case of an
14     industrial park conservation area, also that the
15     municipality is a labor surplus municipality and that the
16     implementation of the redevelopment plan will reduce
17     unemployment, create new jobs and by the provision of new
18     facilities enhance the tax base of the taxing districts
19     that extend into the redevelopment project area.
20         (4) If any incremental revenues are being utilized
21     under Section 8(a)(1) or 8(a)(2) of this Act in
22     redevelopment project areas approved by ordinance after
23     January 1, 1986, the municipality finds: (a) that the
24     redevelopment project area would not reasonably be
25     developed without the use of such incremental revenues, and
26     (b) that such incremental revenues will be exclusively

 

 

09500SB2678sam001 - 36 - LRB095 05534 HLH 49098 a

1     utilized for the development of the redevelopment project
2     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 plan,
7     a housing impact study need not be performed. If, however,
8     the redevelopment plan would result in the displacement of
9     residents from 10 or more inhabited residential units, or
10     if the redevelopment project area contains 75 or more
11     inhabited residential units and no certification is made,
12     then the municipality shall prepare, as part of the
13     separate feasibility report required by subsection (a) of
14     Section 11-74.4-5, a housing impact study.
15         Part I of the housing impact study shall include (i)
16     data as to whether the residential units are single family
17     or multi-family units, (ii) the number and type of rooms
18     within the units, if that information is available, (iii)
19     whether the units are inhabited or uninhabited, as
20     determined not less than 45 days before the date that the
21     ordinance or resolution required by subsection (a) of
22     Section 11-74.4-5 is passed, and (iv) data as to the racial
23     and ethnic composition of the residents in the inhabited
24     residential units. The data requirement as to the racial
25     and ethnic composition of the residents in the inhabited
26     residential units shall be deemed to be fully satisfied by

 

 

09500SB2678sam001 - 37 - LRB095 05534 HLH 49098 a

1     data from the most recent federal census.
2         Part II of the housing impact study shall identify the
3     inhabited residential units in the proposed redevelopment
4     project area that are to be or may be removed. If inhabited
5     residential units are to be removed, then the housing
6     impact study shall identify (i) the number and location of
7     those units that will or may be removed, (ii) the
8     municipality's plans for relocation assistance for those
9     residents in the proposed redevelopment project area whose
10     residences are to be removed, (iii) the availability of
11     replacement housing for those residents whose residences
12     are to be removed, and shall identify the type, location,
13     and cost of the housing, and (iv) the type and extent of
14     relocation assistance to be provided.
15         (6) On and after November 1, 1999, the housing impact
16     study required by paragraph (5) shall be incorporated in
17     the redevelopment plan for the redevelopment project area.
18         (7) On and after November 1, 1999, no redevelopment
19     plan shall be adopted, nor an existing plan amended, nor
20     shall residential housing that is occupied by households of
21     low-income and very low-income persons in currently
22     existing redevelopment project areas be removed after
23     November 1, 1999 unless the redevelopment plan provides,
24     with respect to inhabited housing units that are to be
25     removed for households of low-income and very low-income
26     persons, affordable housing and relocation assistance not

 

 

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1     less than that which would be provided under the federal
2     Uniform Relocation Assistance and Real Property
3     Acquisition Policies Act of 1970 and the regulations under
4     that Act, including the eligibility criteria. Affordable
5     housing may be either existing or newly constructed
6     housing. For purposes of this paragraph (7), "low-income
7     households", "very low-income households", and "affordable
8     housing" have the meanings set forth in the Illinois
9     Affordable Housing Act. The municipality shall make a good
10     faith effort to ensure that this affordable housing is
11     located in or near the redevelopment project area within
12     the municipality.
13         (8) On and after November 1, 1999, if, after the
14     adoption of the redevelopment plan for the redevelopment
15     project area, any municipality desires to amend its
16     redevelopment plan to remove more inhabited residential
17     units than specified in its original redevelopment plan,
18     that change shall be made in accordance with the procedures
19     in subsection (c) of Section 11-74.4-5.
20         (9) For redevelopment project areas designated prior
21     to November 1, 1999, the redevelopment plan may be amended
22     without further joint review board meeting or hearing,
23     provided that the municipality shall give notice of any
24     such changes by mail to each affected taxing district and
25     registrant on the interested party registry, to authorize
26     the municipality to expend tax increment revenues for

 

 

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1     redevelopment project costs defined by paragraphs (5) and
2     (7.5), subparagraphs (E) and (F) of paragraph (11), and
3     paragraph (11.5) of subsection (q) of Section 11-74.4-3, so
4     long as the changes do not increase the total estimated
5     redevelopment project costs set out in the redevelopment
6     plan by more than 5% after adjustment for inflation from
7     the date the plan was adopted.
8     (o) "Redevelopment project" means any public and private
9 development project in furtherance of the objectives of a
10 redevelopment plan. On and after November 1, 1999 (the
11 effective date of Public Act 91-478), no redevelopment plan may
12 be approved or amended that includes the development of vacant
13 land (i) with a golf course and related clubhouse and other
14 facilities or (ii) designated by federal, State, county, or
15 municipal government as public land for outdoor recreational
16 activities or for nature preserves and used for that purpose
17 within 5 years prior to the adoption of the redevelopment plan.
18 For the purpose of this subsection, "recreational activities"
19 is limited to mean camping and hunting.
20     (p) "Redevelopment project area" means an area designated
21 by the municipality, which is not less in the aggregate than 1
22 1/2 acres and in respect to which the municipality has made a
23 finding that there exist conditions which cause the area to be
24 classified as an industrial park conservation area or a
25 blighted area or a conservation area, or a combination of both
26 blighted areas and conservation areas.

 

 

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1     (q) "Redevelopment project costs" mean and include the sum
2 total of all reasonable or necessary costs incurred or
3 estimated to be incurred, and any such costs incidental to a
4 redevelopment plan and a redevelopment project. Such costs
5 include, without limitation, the following:
6         (1) Costs of studies, surveys, development of plans,
7     and specifications, implementation and administration of
8     the redevelopment plan including but not limited to staff
9     and professional service costs for architectural,
10     engineering, legal, financial, planning or other services,
11     provided however that no charges for professional services
12     may be based on a percentage of the tax increment
13     collected; except that on and after November 1, 1999 (the
14     effective date of Public Act 91-478), no contracts for
15     professional services, excluding architectural and
16     engineering services, may be entered into if the terms of
17     the contract extend beyond a period of 3 years. In
18     addition, "redevelopment project costs" shall not include
19     lobbying expenses. After consultation with the
20     municipality, each tax increment consultant or advisor to a
21     municipality that plans to designate or has designated a
22     redevelopment project area shall inform the municipality
23     in writing of any contracts that the consultant or advisor
24     has entered into with entities or individuals that have
25     received, or are receiving, payments financed by tax
26     increment revenues produced by the redevelopment project

 

 

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1     area with respect to which the consultant or advisor has
2     performed, or will be performing, service for the
3     municipality. This requirement shall be satisfied by the
4     consultant or advisor before the commencement of services
5     for the municipality and thereafter whenever any other
6     contracts with those individuals or entities are executed
7     by the consultant or advisor;
8         (1.5) After July 1, 1999, annual administrative costs
9     shall not include general overhead or administrative costs
10     of the municipality that would still have been incurred by
11     the municipality if the municipality had not designated a
12     redevelopment project area or approved a redevelopment
13     plan;
14         (1.6) The cost of marketing sites within the
15     redevelopment project area to prospective businesses,
16     developers, and investors;
17         (2) Property assembly costs, including but not limited
18     to acquisition of land and other property, real or
19     personal, or rights or interests therein, demolition of
20     buildings, site preparation, site improvements that serve
21     as an engineered barrier addressing ground level or below
22     ground environmental contamination, including, but not
23     limited to parking lots and other concrete or asphalt
24     barriers, and the clearing and grading of land;
25         (3) Costs of rehabilitation, reconstruction or repair
26     or remodeling of existing public or private buildings,

 

 

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1     fixtures, and leasehold improvements; and the cost of
2     replacing an existing public building if pursuant to the
3     implementation of a redevelopment project the existing
4     public building is to be demolished to use the site for
5     private investment or devoted to a different use requiring
6     private investment;
7         (4) Costs of the construction of public works or
8     improvements, except that on and after November 1, 1999,
9     redevelopment project costs shall not include the cost of
10     constructing a new municipal public building principally
11     used to provide offices, storage space, or conference
12     facilities or vehicle storage, maintenance, or repair for
13     administrative, public safety, or public works personnel
14     and that is not intended to replace an existing public
15     building as provided under paragraph (3) of subsection (q)
16     of Section 11-74.4-3 unless either (i) the construction of
17     the new municipal building implements a redevelopment
18     project that was included in a redevelopment plan that was
19     adopted by the municipality prior to November 1, 1999 or
20     (ii) the municipality makes a reasonable determination in
21     the redevelopment plan, supported by information that
22     provides the basis for that determination, that the new
23     municipal building is required to meet an increase in the
24     need for public safety purposes anticipated to result from
25     the implementation of the redevelopment plan;
26         (5) Costs of job training and retraining projects,

 

 

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1     including the cost of "welfare to work" programs
2     implemented by businesses located within the redevelopment
3     project area;
4         (6) Financing costs, including but not limited to all
5     necessary and incidental expenses related to the issuance
6     of obligations and which may include payment of interest on
7     any obligations issued hereunder including interest
8     accruing during the estimated period of construction of any
9     redevelopment project for which such obligations are
10     issued and for not exceeding 36 months thereafter and
11     including reasonable reserves related thereto;
12         (7) To the extent the municipality by written agreement
13     accepts and approves the same, all or a portion of a taxing
14     district's capital costs resulting from the redevelopment
15     project necessarily incurred or to be incurred within a
16     taxing district in furtherance of the objectives of the
17     redevelopment plan and project.
18         (7.5) For redevelopment project areas designated (or
19     redevelopment project areas amended to add or increase the
20     number of tax-increment-financing assisted housing units)
21     on or after November 1, 1999, an elementary, secondary, or
22     unit school district's increased costs attributable to
23     assisted housing units located within the redevelopment
24     project area for which the developer or redeveloper
25     receives financial assistance through an agreement with
26     the municipality or because the municipality incurs the

 

 

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1     cost of necessary infrastructure improvements within the
2     boundaries of the assisted housing sites necessary for the
3     completion of that housing as authorized by this Act, and
4     which costs shall be paid by the municipality from the
5     Special Tax Allocation Fund when the tax increment revenue
6     is received as a result of the assisted housing units and
7     shall be calculated annually as follows:
8             (A) for foundation districts, excluding any school
9         district in a municipality with a population in excess
10         of 1,000,000, by multiplying the district's increase
11         in attendance resulting from the net increase in new
12         students enrolled in that school district who reside in
13         housing units within the redevelopment project area
14         that have received financial assistance through an
15         agreement with the municipality or because the
16         municipality incurs the cost of necessary
17         infrastructure improvements within the boundaries of
18         the housing sites necessary for the completion of that
19         housing as authorized by this Act since the designation
20         of the redevelopment project area by the most recently
21         available per capita tuition cost as defined in Section
22         10-20.12a of the School Code less any increase in
23         general State aid as defined in Section 18-8.05 of the
24         School Code attributable to these added new students
25         subject to the following annual limitations:
26                 (i) for unit school districts with a district

 

 

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1             average 1995-96 Per Capita Tuition Charge of less
2             than $5,900, no more than 25% of the total amount
3             of property tax increment revenue produced by
4             those housing units that have received tax
5             increment finance assistance under this Act;
6                 (ii) for elementary school districts with a
7             district average 1995-96 Per Capita Tuition Charge
8             of less than $5,900, no more than 17% of the total
9             amount of property tax increment revenue produced
10             by those housing units that have received tax
11             increment finance assistance under this Act; and
12                 (iii) for secondary school districts with a
13             district average 1995-96 Per Capita Tuition Charge
14             of less than $5,900, no more than 8% of the total
15             amount of property tax increment revenue produced
16             by those housing units that have received tax
17             increment finance assistance under this Act.
18             (B) For alternate method districts, flat grant
19         districts, and foundation districts with a district
20         average 1995-96 Per Capita Tuition Charge equal to or
21         more than $5,900, excluding any school district with a
22         population in excess of 1,000,000, by multiplying the
23         district's increase in attendance resulting from the
24         net increase in new students enrolled in that school
25         district who reside in housing units within the
26         redevelopment project area that have received

 

 

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1         financial assistance through an agreement with the
2         municipality or because the municipality incurs the
3         cost of necessary infrastructure improvements within
4         the boundaries of the housing sites necessary for the
5         completion of that housing as authorized by this Act
6         since the designation of the redevelopment project
7         area by the most recently available per capita tuition
8         cost as defined in Section 10-20.12a of the School Code
9         less any increase in general state aid as defined in
10         Section 18-8.05 of the School Code attributable to
11         these added new students subject to the following
12         annual limitations:
13                 (i) for unit school districts, no more than 40%
14             of the total amount of property tax increment
15             revenue produced by those housing units that have
16             received tax increment finance assistance under
17             this Act;
18                 (ii) for elementary school districts, no more
19             than 27% of the total amount of property tax
20             increment revenue produced by those housing units
21             that have received tax increment finance
22             assistance under this Act; and
23                 (iii) for secondary school districts, no more
24             than 13% of the total amount of property tax
25             increment revenue produced by those housing units
26             that have received tax increment finance

 

 

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1             assistance under this Act.
2             (C) For any school district in a municipality with
3         a population in excess of 1,000,000, the following
4         restrictions shall apply to the reimbursement of
5         increased costs under this paragraph (7.5):
6                 (i) no increased costs shall be reimbursed
7             unless the school district certifies that each of
8             the schools affected by the assisted housing
9             project is at or over its student capacity;
10                 (ii) the amount reimbursable shall be reduced
11             by the value of any land donated to the school
12             district by the municipality or developer, and by
13             the value of any physical improvements made to the
14             schools by the municipality or developer; and
15                 (iii) the amount reimbursed may not affect
16             amounts otherwise obligated by the terms of any
17             bonds, notes, or other funding instruments, or the
18             terms of any redevelopment agreement.
19         Any school district seeking payment under this
20         paragraph (7.5) shall, after July 1 and before
21         September 30 of each year, provide the municipality
22         with reasonable evidence to support its claim for
23         reimbursement before the municipality shall be
24         required to approve or make the payment to the school
25         district. If the school district fails to provide the
26         information during this period in any year, it shall

 

 

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1         forfeit any claim to reimbursement for that year.
2         School districts may adopt a resolution waiving the
3         right to all or a portion of the reimbursement
4         otherwise required by this paragraph (7.5). By
5         acceptance of this reimbursement the school district
6         waives the right to directly or indirectly set aside,
7         modify, or contest in any manner the establishment of
8         the redevelopment project area or projects;
9         (7.7) For redevelopment project areas designated (or
10     redevelopment project areas amended to add or increase the
11     number of tax-increment-financing assisted housing units)
12     on or after January 1, 2005 (the effective date of Public
13     Act 93-961), a public library district's increased costs
14     attributable to assisted housing units located within the
15     redevelopment project area for which the developer or
16     redeveloper receives financial assistance through an
17     agreement with the municipality or because the
18     municipality incurs the cost of necessary infrastructure
19     improvements within the boundaries of the assisted housing
20     sites necessary for the completion of that housing as
21     authorized by this Act shall be paid to the library
22     district by the municipality from the Special Tax
23     Allocation Fund when the tax increment revenue is received
24     as a result of the assisted housing units. This paragraph
25     (7.7) applies only if (i) the library district is located
26     in a county that is subject to the Property Tax Extension

 

 

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1     Limitation Law or (ii) the library district is not located
2     in a county that is subject to the Property Tax Extension
3     Limitation Law but the district is prohibited by any other
4     law from increasing its tax levy rate without a prior voter
5     referendum.
6         The amount paid to a library district under this
7     paragraph (7.7) shall be calculated by multiplying (i) the
8     net increase in the number of persons eligible to obtain a
9     library card in that district who reside in housing units
10     within the redevelopment project area that have received
11     financial assistance through an agreement with the
12     municipality or because the municipality incurs the cost of
13     necessary infrastructure improvements within the
14     boundaries of the housing sites necessary for the
15     completion of that housing as authorized by this Act since
16     the designation of the redevelopment project area by (ii)
17     the per-patron cost of providing library services so long
18     as it does not exceed $120. The per-patron cost shall be
19     the Total Operating Expenditures Per Capita as stated in
20     the most recent Illinois Public Library Statistics
21     produced by the Library Research Center at the University
22     of Illinois. The municipality may deduct from the amount
23     that it must pay to a library district under this paragraph
24     any amount that it has voluntarily paid to the library
25     district from the tax increment revenue. The amount paid to
26     a library district under this paragraph (7.7) shall be no

 

 

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1     more than 2% of the amount produced by the assisted housing
2     units and deposited into the Special Tax Allocation Fund.
3         A library district is not eligible for any payment
4     under this paragraph (7.7) unless the library district has
5     experienced an increase in the number of patrons from the
6     municipality that created the tax-increment-financing
7     district since the designation of the redevelopment
8     project area.
9         Any library district seeking payment under this
10     paragraph (7.7) shall, after July 1 and before September 30
11     of each year, provide the municipality with convincing
12     evidence to support its claim for reimbursement before the
13     municipality shall be required to approve or make the
14     payment to the library district. If the library district
15     fails to provide the information during this period in any
16     year, it shall forfeit any claim to reimbursement for that
17     year. Library districts may adopt a resolution waiving the
18     right to all or a portion of the reimbursement otherwise
19     required by this paragraph (7.7). By acceptance of such
20     reimbursement, the library district shall forfeit any
21     right to directly or indirectly set aside, modify, or
22     contest in any manner whatsoever the establishment of the
23     redevelopment project area or projects;
24         (8) Relocation costs to the extent that a municipality
25     determines that relocation costs shall be paid or is
26     required to make payment of relocation costs by federal or

 

 

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1     State law or in order to satisfy subparagraph (7) of
2     subsection (n);
3         (9) Payment in lieu of taxes;
4         (10) Costs of job training, retraining, advanced
5     vocational education or career education, including but
6     not limited to courses in occupational, semi-technical or
7     technical fields leading directly to employment, incurred
8     by one or more taxing districts, provided that such costs
9     (i) are related to the establishment and maintenance of
10     additional job training, advanced vocational education or
11     career education programs for persons employed or to be
12     employed by employers located in a redevelopment project
13     area; and (ii) when incurred by a taxing district or taxing
14     districts other than the municipality, are set forth in a
15     written agreement by or among the municipality and the
16     taxing district or taxing districts, which agreement
17     describes the program to be undertaken, including but not
18     limited to the number of employees to be trained, a
19     description of the training and services to be provided,
20     the number and type of positions available or to be
21     available, itemized costs of the program and sources of
22     funds to pay for the same, and the term of the agreement.
23     Such costs include, specifically, the payment by community
24     college districts of costs pursuant to Sections 3-37, 3-38,
25     3-40 and 3-40.1 of the Public Community College Act and by
26     school districts of costs pursuant to Sections 10-22.20a

 

 

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1     and 10-23.3a of The School Code;
2         (11) Interest cost incurred by a redeveloper related to
3     the construction, renovation or rehabilitation of a
4     redevelopment project provided that:
5             (A) such costs are to be paid directly from the
6         special tax allocation fund established pursuant to
7         this Act;
8             (B) such payments in any one year may not exceed
9         30% of the annual interest costs incurred by the
10         redeveloper with regard to the redevelopment project
11         during that year;
12             (C) if there are not sufficient funds available in
13         the special tax allocation fund to make the payment
14         pursuant to this paragraph (11) then the amounts so due
15         shall accrue and be payable when sufficient funds are
16         available in the special tax allocation fund;
17             (D) the total of such interest payments paid
18         pursuant to this Act may not exceed 30% of the total
19         (i) cost paid or incurred by the redeveloper for the
20         redevelopment project plus (ii) redevelopment project
21         costs excluding any property assembly costs and any
22         relocation costs incurred by a municipality pursuant
23         to this Act; and
24             (E) the cost limits set forth in subparagraphs (B)
25         and (D) of paragraph (11) shall be modified for the
26         financing of rehabilitated or new housing units for

 

 

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1         low-income households and very low-income households,
2         as defined in Section 3 of the Illinois Affordable
3         Housing Act. The percentage of 75% shall be substituted
4         for 30% in subparagraphs (B) and (D) of paragraph (11).
5             (F) Instead of the eligible costs provided by
6         subparagraphs (B) and (D) of paragraph (11), as
7         modified by this subparagraph, and notwithstanding any
8         other provisions of this Act to the contrary, the
9         municipality may pay from tax increment revenues up to
10         50% of the cost of construction of new housing units to
11         be occupied by low-income households and very
12         low-income households as defined in Section 3 of the
13         Illinois Affordable Housing Act. The cost of
14         construction of those units may be derived from the
15         proceeds of bonds issued by the municipality under this
16         Act or other constitutional or statutory authority or
17         from other sources of municipal revenue that may be
18         reimbursed from tax increment revenues or the proceeds
19         of bonds issued to finance the construction of that
20         housing.
21             The eligible costs provided under this
22         subparagraph (F) of paragraph (11) shall be an eligible
23         cost for the construction, renovation, and
24         rehabilitation of all low and very low-income housing
25         units, as defined in Section 3 of the Illinois
26         Affordable Housing Act, within the redevelopment

 

 

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1         project area. If the low and very low-income units are
2         part of a residential redevelopment project that
3         includes units not affordable to low and very
4         low-income households, only the low and very
5         low-income units shall be eligible for benefits under
6         subparagraph (F) of paragraph (11). The standards for
7         maintaining the occupancy by low-income households and
8         very low-income households, as defined in Section 3 of
9         the Illinois Affordable Housing Act, of those units
10         constructed with eligible costs made available under
11         the provisions of this subparagraph (F) of paragraph
12         (11) shall be established by guidelines adopted by the
13         municipality. The responsibility for annually
14         documenting the initial occupancy of the units by
15         low-income households and very low-income households,
16         as defined in Section 3 of the Illinois Affordable
17         Housing Act, shall be that of the then current owner of
18         the property. For ownership units, the guidelines will
19         provide, at a minimum, for a reasonable recapture of
20         funds, or other appropriate methods designed to
21         preserve the original affordability of the ownership
22         units. For rental units, the guidelines will provide,
23         at a minimum, for the affordability of rent to low and
24         very low-income households. As units become available,
25         they shall be rented to income-eligible tenants. The
26         municipality may modify these guidelines from time to

 

 

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1         time; the guidelines, however, shall be in effect for
2         as long as tax increment revenue is being used to pay
3         for costs associated with the units or for the
4         retirement of bonds issued to finance the units or for
5         the life of the redevelopment project area, whichever
6         is later.
7         (11.5) If the redevelopment project area is located
8     within a municipality with a population of more than
9     100,000, the cost of day care services for children of
10     employees from low-income families working for businesses
11     located within the redevelopment project area and all or a
12     portion of the cost of operation of day care centers
13     established by redevelopment project area businesses to
14     serve employees from low-income families working in
15     businesses located in the redevelopment project area. For
16     the purposes of this paragraph, "low-income families"
17     means families whose annual income does not exceed 80% of
18     the municipal, county, or regional median income, adjusted
19     for family size, as the annual income and municipal,
20     county, or regional median income are determined from time
21     to time by the United States Department of Housing and
22     Urban Development.
23         (12) Unless explicitly stated herein the cost of
24     construction of new privately-owned buildings shall not be
25     an eligible redevelopment project cost.
26         (13) After November 1, 1999 (the effective date of

 

 

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1     Public Act 91-478), none of the redevelopment project costs
2     enumerated in this subsection shall be eligible
3     redevelopment project costs if those costs would provide
4     direct financial support to a retail entity initiating
5     operations in the redevelopment project area while
6     terminating operations at another Illinois location within
7     10 miles of the redevelopment project area but outside the
8     boundaries of the redevelopment project area municipality.
9     For purposes of this paragraph, termination means a closing
10     of a retail operation that is directly related to the
11     opening of the same operation or like retail entity owned
12     or operated by more than 50% of the original ownership in a
13     redevelopment project area, but it does not mean closing an
14     operation for reasons beyond the control of the retail
15     entity, as documented by the retail entity, subject to a
16     reasonable finding by the municipality that the current
17     location contained inadequate space, had become
18     economically obsolete, or was no longer a viable location
19     for the retailer or serviceman.
20     If a special service area has been established pursuant to
21 the Special Service Area Tax Act or Special Service Area Tax
22 Law, then any tax increment revenues derived from the tax
23 imposed pursuant to the Special Service Area Tax Act or Special
24 Service Area Tax Law may be used within the redevelopment
25 project area for the purposes permitted by that Act or Law as
26 well as the purposes permitted by this Act.

 

 

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1     (r) "State Sales Tax Boundary" means the redevelopment
2 project area or the amended redevelopment project area
3 boundaries which are determined pursuant to subsection (9) of
4 Section 11-74.4-8a of this Act. The Department of Revenue shall
5 certify pursuant to subsection (9) of Section 11-74.4-8a the
6 appropriate boundaries eligible for the determination of State
7 Sales Tax Increment.
8     (s) "State Sales Tax Increment" means an amount equal to
9 the increase in the aggregate amount of taxes paid by retailers
10 and servicemen, other than retailers and servicemen subject to
11 the Public Utilities Act, on transactions at places of business
12 located within a State Sales Tax Boundary pursuant to the
13 Retailers' Occupation Tax Act, the Use Tax Act, the Service Use
14 Tax Act, and the Service Occupation Tax Act, except such
15 portion of such increase that is paid into the State and Local
16 Sales Tax Reform Fund, the Local Government Distributive Fund,
17 the Local Government Tax Fund and the County and Mass Transit
18 District Fund, for as long as State participation exists, over
19 and above the Initial Sales Tax Amounts, Adjusted Initial Sales
20 Tax Amounts or the Revised Initial Sales Tax Amounts for such
21 taxes as certified by the Department of Revenue and paid under
22 those Acts by retailers and servicemen on transactions at
23 places of business located within the State Sales Tax Boundary
24 during the base year which shall be the calendar year
25 immediately prior to the year in which the municipality adopted
26 tax increment allocation financing, less 3.0% of such amounts

 

 

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1 generated under the Retailers' Occupation Tax Act, Use Tax Act
2 and Service Use Tax Act and the Service Occupation Tax Act,
3 which sum shall be appropriated to the Department of Revenue to
4 cover its costs of administering and enforcing this Section.
5 For purposes of computing the aggregate amount of such taxes
6 for base years occurring prior to 1985, the Department of
7 Revenue shall compute the Initial Sales Tax Amount for such
8 taxes and deduct therefrom an amount equal to 4% of the
9 aggregate amount of taxes per year for each year the base year
10 is prior to 1985, but not to exceed a total deduction of 12%.
11 The amount so determined shall be known as the "Adjusted
12 Initial Sales Tax Amount". For purposes of determining the
13 State Sales Tax Increment the Department of Revenue shall for
14 each period subtract from the tax amounts received from
15 retailers and servicemen on transactions located in the State
16 Sales Tax Boundary, the certified Initial Sales Tax Amounts,
17 Adjusted Initial Sales Tax Amounts or Revised Initial Sales Tax
18 Amounts for the Retailers' Occupation Tax Act, the Use Tax Act,
19 the Service Use Tax Act and the Service Occupation Tax Act. For
20 the State Fiscal Year 1989 this calculation shall be made by
21 utilizing the calendar year 1987 to determine the tax amounts
22 received. For the State Fiscal Year 1990, this calculation
23 shall be made by utilizing the period from January 1, 1988,
24 until September 30, 1988, to determine the tax amounts received
25 from retailers and servicemen, which shall have deducted
26 therefrom nine-twelfths of the certified Initial Sales Tax

 

 

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1 Amounts, Adjusted Initial Sales Tax Amounts or the Revised
2 Initial Sales Tax Amounts as appropriate. For the State Fiscal
3 Year 1991, this calculation shall be made by utilizing the
4 period from October 1, 1988, until June 30, 1989, to determine
5 the tax amounts received from retailers and servicemen, which
6 shall have deducted therefrom nine-twelfths of the certified
7 Initial State Sales Tax Amounts, Adjusted Initial Sales Tax
8 Amounts or the Revised Initial Sales Tax Amounts as
9 appropriate. For every State Fiscal Year thereafter, the
10 applicable period shall be the 12 months beginning July 1 and
11 ending on June 30, to determine the tax amounts received which
12 shall have deducted therefrom the certified Initial Sales Tax
13 Amounts, Adjusted Initial Sales Tax Amounts or the Revised
14 Initial Sales Tax Amounts. Municipalities intending to receive
15 a distribution of State Sales Tax Increment must report a list
16 of retailers to the Department of Revenue by October 31, 1988
17 and by July 31, of each year thereafter.
18     (t) "Taxing districts" means counties, townships, cities
19 and incorporated towns and villages, school, road, park,
20 sanitary, mosquito abatement, forest preserve, public health,
21 fire protection, river conservancy, tuberculosis sanitarium
22 and any other municipal corporations or districts with the
23 power to levy taxes.
24     (u) "Taxing districts' capital costs" means those costs of
25 taxing districts for capital improvements that are found by the
26 municipal corporate authorities to be necessary and directly

 

 

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1 result from the redevelopment project.
2     (v) As used in subsection (a) of Section 11-74.4-3 of this
3 Act, "vacant land" means any parcel or combination of parcels
4 of real property without industrial, commercial, and
5 residential buildings which has not been used for commercial
6 agricultural purposes within 5 years prior to the designation
7 of the redevelopment project area, unless the parcel is
8 included in an industrial park conservation area or the parcel
9 has been subdivided; provided that if the parcel was part of a
10 larger tract that has been divided into 3 or more smaller
11 tracts that were accepted for recording during the period from
12 1950 to 1990, then the parcel shall be deemed to have been
13 subdivided, and all proceedings and actions of the municipality
14 taken in that connection with respect to any previously
15 approved or designated redevelopment project area or amended
16 redevelopment project area are hereby validated and hereby
17 declared to be legally sufficient for all purposes of this Act.
18 For purposes of this Section and only for land subject to the
19 subdivision requirements of the Plat Act, land is subdivided
20 when the original plat of the proposed Redevelopment Project
21 Area or relevant portion thereof has been properly certified,
22 acknowledged, approved, and recorded or filed in accordance
23 with the Plat Act and a preliminary plat, if any, for any
24 subsequent phases of the proposed Redevelopment Project Area or
25 relevant portion thereof has been properly approved and filed
26 in accordance with the applicable ordinance of the

 

 

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1 municipality.
2     (w) "Annual Total Increment" means the sum of each
3 municipality's annual Net Sales Tax Increment and each
4 municipality's annual Net Utility Tax Increment. The ratio of
5 the Annual Total Increment of each municipality to the Annual
6 Total Increment for all municipalities, as most recently
7 calculated by the Department, shall determine the proportional
8 shares of the Illinois Tax Increment Fund to be distributed to
9 each municipality.
10 (Source: P.A. 94-260, eff. 7-19-05; 94-268, eff. 7-19-05;
11 94-297, eff. 7-21-05; 94-302, eff. 7-21-05; 94-702, eff.
12 6-1-06; 94-704, eff. 12-5-05; 94-711, eff. 6-1-06; 94-778, eff.
13 5-19-06; 94-782, eff. 5-19-06; 94-783, eff. 5-19-06; 94-810,
14 eff. 5-26-06; 94-903, eff. 6-22-06; 94-1091, eff. 1-26-07;
15 94-1092, eff. 1-26-07; 95-15, eff. 7-16-07; 95-164, eff.
16 1-1-08; 95-331, eff. 8-21-07; 95-346, eff. 8-21-07; 95-459,
17 eff. 8-27-07; 95-653, eff. 1-1-08; 95-662, eff. 10-11-07;
18 95-683, eff. 10-19-07; 95-709, eff. 1-29-08; revised 1-31-08.)
 
19     (65 ILCS 5/11-74.4-3.5 new)
20     Sec. 11-74.4-3.5. Completion dates for redevelopment
21 projects.
22     (a) Unless otherwise stated in this Section, the estimated
23 dates of completion of the redevelopment project and retirement
24 of obligations issued to finance redevelopment project costs
25 (including refunding bonds under Section 11-74.4-7) may not be

 

 

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1 later than December 31 of the year in which the payment to the
2 municipal treasurer, as provided in subsection (b) of Section
3 11-74.4-8 of this Act, is to be made with respect to ad valorem
4 taxes levied in the 23rd calendar year after the year in which
5 the ordinance approving the redevelopment project area was
6 adopted if the ordinance was adopted on or after January 15,
7 1981.
8     (b) The estimated dates of completion of the redevelopment
9 project and retirement of obligations issued to finance
10 redevelopment project costs (including refunding bonds under
11 Section 11-74.4-7) may not be later than December 31 of the
12 year in which the payment to the municipal treasurer as
13 provided in subsection (b) of Section 11-74.4-8 of this Act is
14 to be made with respect to ad valorem taxes levied in the 33rd
15 calendar year after the year in which the ordinance approving
16 the redevelopment project area was adopted, if the ordinance
17 was adopted on May 20, 1985 by the Village of Wheeling.
18     (c) The estimated dates of completion of the redevelopment
19 project and retirement of obligations issued to finance
20 redevelopment project costs (including refunding bonds under
21 Section 11-74.4-7) may not be later than December 31 of the
22 year in which the payment to the municipal treasurer as
23 provided in subsection (b) of Section 11-74.4-8 of this Act is
24 to be made with respect to ad valorem taxes levied in the 35th
25 calendar year after the year in which the ordinance approving
26 the redevelopment project area was adopted:

 

 

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1         (1) if the ordinance was adopted before January 15,
2     1981;
3         (2) if the ordinance was adopted in December 1983,
4     April 1984, July 1985, or December 1989;
5         (3) if the ordinance was adopted in December, 1987 and
6     the redevelopment project is located within one mile of
7     Midway Airport;
8         (4) if the ordinance was adopted before January 1, 1987
9     by a municipality in Mason County;
10         (5) if the municipality is subject to the Local
11     Government Financial Planning and Supervision Act or the
12     Financially Distressed City Law;
13         (6) if the ordinance was adopted in December 1984 by
14     the Village of Rosemont;
15         (7) if the ordinance was adopted on December 31, 1986
16     by a municipality located in Clinton County for which at
17     least $250,000 of tax increment bonds were authorized on
18     June 17, 1997, or if the ordinance was adopted on December
19     31, 1986 by a municipality with a population in 1990 of
20     less than 3,600 that is located in a county with a
21     population in 1990 of less than 34,000 and for which at
22     least $250,000 of tax increment bonds were authorized on
23     June 17, 1997;
24         (8) if the ordinance was adopted on October 5, 1982 by
25     the City of Kankakee, or if the ordinance was adopted on
26     December 29, 1986 by East St. Louis;

 

 

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1         (9) if the ordinance was adopted on November 12, 1991
2     by the Village of Sauget;
3         (10) if the ordinance was adopted on February 11, 1985
4     by the City of Rock Island;
5         (11) if the ordinance was adopted before December 18,
6     1986 by the City of Moline;
7         (12) if the ordinance was adopted in September 1988 by
8     Sauk Village;
9         (13) if the ordinance was adopted in October 1993 by
10     Sauk Village;
11         (14) if the ordinance was adopted on December 29, 1986
12     by the City of Galva;
13         (15) if the ordinance was adopted in March 1991 by the
14     City of Centreville;
15         (16) if the ordinance was adopted on January 23, 1991
16     by the City of East St. Louis;
17         (17) if the ordinance was adopted on December 22, 1986
18     by the City of Aledo;
19         (18) if the ordinance was adopted on February 5, 1990
20     by the City of Clinton;
21         (19) if the ordinance was adopted on September 6, 1994
22     by the City of Freeport;
23         (20) if the ordinance was adopted on December 22, 1986
24     by the City of Tuscola;
25         (21) if the ordinance was adopted on December 23, 1986
26     by the City of Sparta;

 

 

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1         (22) if the ordinance was adopted on December 23, 1986
2     by the City of Beardstown;
3         (23) if the ordinance was adopted on April 27, 1981,
4     October 21, 1985, or December 30, 1986 by the City of
5     Belleville;
6         (24) if the ordinance was adopted on December 29, 1986
7     by the City of Collinsville;
8         (25) if the ordinance was adopted on September 14, 1994
9     by the City of Alton;
10         (26) if the ordinance was adopted on November 11, 1996
11     by the City of Lexington;
12         (27) if the ordinance was adopted on November 5, 1984
13     by the City of LeRoy;
14         (28) if the ordinance was adopted on April 3, 1991 or
15     June 3, 1992 by the City of Markham;
16         (29) if the ordinance was adopted on November 11, 1986
17     by the City of Pekin;
18         (30) if the ordinance was adopted on December 15, 1981
19     by the City of Champaign;
20         (31) if the ordinance was adopted on December 15, 1986
21     by the City of Urbana;
22         (32) if the ordinance was adopted on December 15, 1986
23     by the Village of Heyworth;
24         (33) if the ordinance was adopted on February 24, 1992
25     by the Village of Heyworth;
26         (34) if the ordinance was adopted on March 16, 1995 by

 

 

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1     the Village of Heyworth;
2         (35) if the ordinance was adopted on December 23, 1986
3     by the Town of Cicero;
4         (36) if the ordinance was adopted on December 30, 1986
5     by the City of Effingham;
6         (37) if the ordinance was adopted on May 9, 1991 by the
7     Village of Tilton;
8         (38) if the ordinance was adopted on October 20, 1986
9     by the City of Elmhurst;
10         (39) if the ordinance was adopted on January 19, 1988
11     by the City of Waukegan;
12         (40) if the ordinance was adopted on September 21, 1998
13     by the City of Waukegan;
14         (41) if the ordinance was adopted on December 31, 1986
15     by the City of Sullivan;
16         (42) if the ordinance was adopted on December 23, 1991
17     by the City of Sullivan;
18         (43) if the ordinance was adopted on December 31, 1986
19     by the City of Oglesby;
20         (44) if the ordinance was adopted on July 28, 1987 by
21     the City of Marion;
22         (45) if the ordinance was adopted on April 23, 1990 by
23     the City of Marion;
24         (46) if the ordinance was adopted on August 20, 1985 by
25     the Village of Mount Prospect;
26         (47) if the ordinance was adopted on February 2, 1998

 

 

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1     by the Village of Woodhull;
2         (48) if the ordinance was adopted on April 20, 1993 by
3     the Village of Princeville;
4         (49) if the ordinance was adopted on July 1, 1986 by
5     the City of Granite City;
6         (50) if the ordinance was adopted on February 2, 1989
7     by the Village of Lombard;
8         (51) if the ordinance was adopted on December 29, 1986
9     by the Village of Gardner;
10         (52) if the ordinance was adopted on July 14, 1999 by
11     the Village of Paw Paw;
12         (53) if the ordinance was adopted on November 17, 1986
13     by the Village of Franklin Park;
14         (54) if the ordinance was adopted on November 20, 1989
15     by the Village of South Holland;
16         (55) if the ordinance was adopted on July 14, 1992 by
17     the Village of Riverdale;
18         (56) if the ordinance was adopted on December 29, 1986
19     by the City of Galesburg;
20         (57) if the ordinance was adopted on April 1, 1985 by
21     the City of Galesburg;
22         (58) if the ordinance was adopted on May 21, 1990 by
23     the City of West Chicago;
24         (59) if the ordinance was adopted on December 16, 1986
25     by the City of Oak Forest;
26         (60) if the ordinance was adopted in 1999 by the City

 

 

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1     of Villa Grove;
2         (61) if the ordinance was adopted on January 13, 1987
3     by the Village of Mt. Zion;
4         (62) if the ordinance was adopted on December 30, 1986
5     by the Village of Manteno;
6         (63) if the ordinance was adopted on April 3, 1989 by
7     the City of Chicago Heights;
8         (64) if the ordinance was adopted on January 6, 1999 by
9     the Village of Rosemont;
10         (65) if the ordinance was adopted on December 19, 2000
11     by the Village of Stone Park;
12         (66) if the ordinance was adopted on December 22, 1986
13     by the City of DeKalb; or
14         (67) if the ordinance was adopted on December 2, 1986
15     by the City of Aurora.
16     (d) For redevelopment project areas for which bonds were
17 issued before July 29, 1991, or for which contracts were
18 entered into before June 1, 1988, in connection with a
19 redevelopment project in the area within the State Sales Tax
20 Boundary, the estimated dates of completion of the
21 redevelopment project and retirement of obligations to finance
22 redevelopment project costs (including refunding bonds under
23 Section 11-74.4-7) may be extended by municipal ordinance to
24 December 31, 2013. The termination procedures of subsection (b)
25 of Section 11-74.4-8 are not required for these redevelopment
26 project areas in 2009 but are required in 2013. The extension

 

 

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1 allowed by Public Act 87-1272 shall not apply to real property
2 tax increment allocation financing under Section 11-74.4-8.
3     (e) Those dates, for purposes of real property tax
4 increment allocation financing pursuant to Section 11-74.4-8
5 only, shall be not more than 35 years for redevelopment project
6 areas that were adopted on or after December 16, 1986 and for
7 which at least $8 million worth of municipal bonds were
8 authorized on or after December 19, 1989 but before January 1,
9 1990; provided that the municipality elects to extend the life
10 of the redevelopment project area to 35 years by the adoption
11 of an ordinance after at least 14 but not more than 30 days'
12 written notice to the taxing bodies, that would otherwise
13 constitute the joint review board for the redevelopment project
14 area, before the adoption of the ordinance.
15     (f) Those dates, for purposes of real property tax
16 increment allocation financing pursuant to Section 11-74.4-8
17 only, shall be not more than 35 years for redevelopment project
18 areas that were established on or after December 1, 1981 but
19 before January 1, 1982 and for which at least $1,500,000 worth
20 of tax increment revenue bonds were authorized on or after
21 September 30, 1990 but before July 1, 1991; provided that the
22 municipality elects to extend the life of the redevelopment
23 project area to 35 years by the adoption of an ordinance after
24 at least 14 but not more than 30 days' written notice to the
25 taxing bodies, that would otherwise constitute the joint review
26 board for the redevelopment project area, before the adoption

 

 

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1 of the ordinance.
2     (g) In consolidating the material relating to completion
3 dates from Sections 11-74.4-3 and 11-74.4-7 into this Section,
4 it is not the intent of the 95th General Assembly to make any
5 substantive change in the law, except for the extension of the
6 completion date for the City of Aurora set forth under item
7 (67) of subsection (c) of this Section.
 
8     (65 ILCS 5/11-74.4-7)  (from Ch. 24, par. 11-74.4-7)
9     Sec. 11-74.4-7. Obligations secured by the special tax
10 allocation fund set forth in Section 11-74.4-8 for the
11 redevelopment project area may be issued to provide for
12 redevelopment project costs. Such obligations, when so issued,
13 shall be retired in the manner provided in the ordinance
14 authorizing the issuance of such obligations by the receipts of
15 taxes levied as specified in Section 11-74.4-9 against the
16 taxable property included in the area, by revenues as specified
17 by Section 11-74.4-8a and other revenue designated by the
18 municipality. A municipality may in the ordinance pledge all or
19 any part of the funds in and to be deposited in the special tax
20 allocation fund created pursuant to Section 11-74.4-8 to the
21 payment of the redevelopment project costs and obligations. Any
22 pledge of funds in the special tax allocation fund shall
23 provide for distribution to the taxing districts and to the
24 Illinois Department of Revenue of moneys not required, pledged,
25 earmarked, or otherwise designated for payment and securing of

 

 

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1 the obligations and anticipated redevelopment project costs
2 and such excess funds shall be calculated annually and deemed
3 to be "surplus" funds. In the event a municipality only applies
4 or pledges a portion of the funds in the special tax allocation
5 fund for the payment or securing of anticipated redevelopment
6 project costs or of obligations, any such funds remaining in
7 the special tax allocation fund after complying with the
8 requirements of the application or pledge, shall also be
9 calculated annually and deemed "surplus" funds. All surplus
10 funds in the special tax allocation fund shall be distributed
11 annually within 180 days after the close of the municipality's
12 fiscal year by being paid by the municipal treasurer to the
13 County Collector, to the Department of Revenue and to the
14 municipality in direct proportion to the tax incremental
15 revenue received as a result of an increase in the equalized
16 assessed value of property in the redevelopment project area,
17 tax incremental revenue received from the State and tax
18 incremental revenue received from the municipality, but not to
19 exceed as to each such source the total incremental revenue
20 received from that source. The County Collector shall
21 thereafter make distribution to the respective taxing
22 districts in the same manner and proportion as the most recent
23 distribution by the county collector to the affected districts
24 of real property taxes from real property in the redevelopment
25 project area.
26     Without limiting the foregoing in this Section, the

 

 

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1 municipality may in addition to obligations secured by the
2 special tax allocation fund pledge for a period not greater
3 than the term of the obligations towards payment of such
4 obligations any part or any combination of the following: (a)
5 net revenues of all or part of any redevelopment project; (b)
6 taxes levied and collected on any or all property in the
7 municipality; (c) the full faith and credit of the
8 municipality; (d) a mortgage on part or all of the
9 redevelopment project; or (e) any other taxes or anticipated
10 receipts that the municipality may lawfully pledge.
11     Such obligations may be issued in one or more series
12 bearing interest at such rate or rates as the corporate
13 authorities of the municipality shall determine by ordinance.
14 Such obligations shall bear such date or dates, mature at such
15 time or times not exceeding 20 years from their respective
16 dates, be in such denomination, carry such registration
17 privileges, be executed in such manner, be payable in such
18 medium of payment at such place or places, contain such
19 covenants, terms and conditions, and be subject to redemption
20 as such ordinance shall provide. Obligations issued pursuant to
21 this Act may be sold at public or private sale at such price as
22 shall be determined by the corporate authorities of the
23 municipalities. No referendum approval of the electors shall be
24 required as a condition to the issuance of obligations pursuant
25 to this Division except as provided in this Section.
26     In the event the municipality authorizes issuance of

 

 

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1 obligations pursuant to the authority of this Division secured
2 by the full faith and credit of the municipality, which
3 obligations are other than obligations which may be issued
4 under home rule powers provided by Article VII, Section 6 of
5 the Illinois Constitution, or pledges taxes pursuant to (b) or
6 (c) of the second paragraph of this section, the ordinance
7 authorizing the issuance of such obligations or pledging such
8 taxes shall be published within 10 days after such ordinance
9 has been passed in one or more newspapers, with general
10 circulation within such municipality. The publication of the
11 ordinance shall be accompanied by a notice of (1) the specific
12 number of voters required to sign a petition requesting the
13 question of the issuance of such obligations or pledging taxes
14 to be submitted to the electors; (2) the time in which such
15 petition must be filed; and (3) the date of the prospective
16 referendum. The municipal clerk shall provide a petition form
17 to any individual requesting one.
18     If no petition is filed with the municipal clerk, as
19 hereinafter provided in this Section, within 30 days after the
20 publication of the ordinance, the ordinance shall be in effect.
21 But, if within that 30 day period a petition is filed with the
22 municipal clerk, signed by electors in the municipality
23 numbering 10% or more of the number of registered voters in the
24 municipality, asking that the question of issuing obligations
25 using full faith and credit of the municipality as security for
26 the cost of paying for redevelopment project costs, or of

 

 

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1 pledging taxes for the payment of such obligations, or both, be
2 submitted to the electors of the municipality, the corporate
3 authorities of the municipality shall call a special election
4 in the manner provided by law to vote upon that question, or,
5 if a general, State or municipal election is to be held within
6 a period of not less than 30 or more than 90 days from the date
7 such petition is filed, shall submit the question at the next
8 general, State or municipal election. If it appears upon the
9 canvass of the election by the corporate authorities that a
10 majority of electors voting upon the question voted in favor
11 thereof, the ordinance shall be in effect, but if a majority of
12 the electors voting upon the question are not in favor thereof,
13 the ordinance shall not take effect.
14     The ordinance authorizing the obligations may provide that
15 the obligations shall contain a recital that they are issued
16 pursuant to this Division, which recital shall be conclusive
17 evidence of their validity and of the regularity of their
18 issuance.
19     In the event the municipality authorizes issuance of
20 obligations pursuant to this Section secured by the full faith
21 and credit of the municipality, the ordinance authorizing the
22 obligations may provide for the levy and collection of a direct
23 annual tax upon all taxable property within the municipality
24 sufficient to pay the principal thereof and interest thereon as
25 it matures, which levy may be in addition to and exclusive of
26 the maximum of all other taxes authorized to be levied by the

 

 

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1 municipality, which levy, however, shall be abated to the
2 extent that monies from other sources are available for payment
3 of the obligations and the municipality certifies the amount of
4 said monies available to the county clerk.
5     A certified copy of such ordinance shall be filed with the
6 county clerk of each county in which any portion of the
7 municipality is situated, and shall constitute the authority
8 for the extension and collection of the taxes to be deposited
9 in the special tax allocation fund.
10     A municipality may also issue its obligations to refund in
11 whole or in part, obligations theretofore issued by such
12 municipality under the authority of this Act, whether at or
13 prior to maturity, provided however, that the last maturity of
14 the refunding obligations may not be later than the dates set
15 forth under Section 11-74.4-3.5. shall not be expressed to
16 mature later than December 31 of the year in which the payment
17 to the municipal treasurer as provided in subsection (b) of
18 Section 11-74.4-8 of this Act is to be made with respect to ad
19 valorem taxes levied in the twenty-third calendar year after
20 the year in which the ordinance approving the redevelopment
21 project area is adopted if the ordinance was adopted on or
22 after January 15, 1981, not later than December 31 of the year
23 in which the payment to the municipal treasurer as provided in
24 subsection (b) of Section 11-74.4-8 of this Act is to be made
25 with respect to ad valorem taxes levied in the thirty-third
26 calendar year after the year in which the ordinance approving

 

 

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1 the redevelopment project area if the ordinance was adopted on
2 May 20, 1985 by the Village of Wheeling, and not later than
3 December 31 of the year in which the payment to the municipal
4 treasurer as provided in subsection (b) of Section 11-74.4-8 of
5 this Act is to be made with respect to ad valorem taxes levied
6 in the thirty-fifth calendar year after the year in which the
7 ordinance approving the redevelopment project area is adopted
8 (A) if the ordinance was adopted before January 15, 1981, or
9 (B) if the ordinance was adopted in December 1983, April 1984,
10 July 1985, or December 1989, or (C) if the ordinance was
11 adopted in December, 1987 and the redevelopment project is
12 located within one mile of Midway Airport, or (D) if the
13 ordinance was adopted before January 1, 1987 by a municipality
14 in Mason County, or (E) if the municipality is subject to the
15 Local Government Financial Planning and Supervision Act or the
16 Financially Distressed City Law, or (F) if the ordinance was
17 adopted in December 1984 by the Village of Rosemont, or (G) if
18 the ordinance was adopted on December 31, 1986 by a
19 municipality located in Clinton County for which at least
20 $250,000 of tax increment bonds were authorized on June 17,
21 1997, or if the ordinance was adopted on December 31, 1986 by a
22 municipality with a population in 1990 of less than 3,600 that
23 is located in a county with a population in 1990 of less than
24 34,000 and for which at least $250,000 of tax increment bonds
25 were authorized on June 17, 1997, or (H) if the ordinance was
26 adopted on October 5, 1982 by the City of Kankakee, or (I) if

 

 

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1 the ordinance was adopted on December 29, 1986 by East St.
2 Louis, or if the ordinance was adopted on November 12, 1991 by
3 the Village of Sauget, or (J) if the ordinance was adopted on
4 February 11, 1985 by the City of Rock Island, or (K) if the
5 ordinance was adopted before December 18, 1986 by the City of
6 Moline, or (L) if the ordinance was adopted in September 1988
7 by Sauk Village, or (M) if the ordinance was adopted in October
8 1993 by Sauk Village, or (N) if the ordinance was adopted on
9 December 29, 1986 by the City of Galva, or (O) if the ordinance
10 was adopted in March 1991 by the City of Centreville, or (P) if
11 the ordinance was adopted on January 23, 1991 by the City of
12 East St. Louis, or (Q) if the ordinance was adopted on December
13 22, 1986 by the City of Aledo, or (R) if the ordinance was
14 adopted on February 5, 1990 by the City of Clinton, or (S) if
15 the ordinance was adopted on September 6, 1994 by the City of
16 Freeport, or (T) if the ordinance was adopted on December 22,
17 1986 by the City of Tuscola, or (U) if the ordinance was
18 adopted on December 23, 1986 by the City of Sparta, or (V) if
19 the ordinance was adopted on December 23, 1986 by the City of
20 Beardstown, or (W) if the ordinance was adopted on April 27,
21 1981, October 21, 1985, or December 30, 1986 by the City of
22 Belleville, or (X) if the ordinance was adopted on December 29,
23 1986 by the City of Collinsville, or (Y) if the ordinance was
24 adopted on September 14, 1994 by the City of Alton, or (Z) if
25 the ordinance was adopted on November 11, 1996 by the City of
26 Lexington, or (AA) if the ordinance was adopted on November 5,

 

 

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1 1984 by the City of LeRoy, or (BB) if the ordinance was adopted
2 on April 3, 1991 or June 3, 1992 by the City of Markham, or (CC)
3 if the ordinance was adopted on November 11, 1986 by the City
4 of Pekin, or (DD) if the ordinance was adopted on December 15,
5 1981 by the City of Champaign, or (EE) if the ordinance was
6 adopted on December 15, 1986 by the City of Urbana, or (FF) if
7 the ordinance was adopted on December 15, 1986 by the Village
8 of Heyworth, or (GG) if the ordinance was adopted on February
9 24, 1992 by the Village of Heyworth, or (HH) if the ordinance
10 was adopted on March 16, 1995 by the Village of Heyworth, or
11 (II) if the ordinance was adopted on December 23, 1986 by the
12 Town of Cicero, or (JJ) if the ordinance was adopted on
13 December 30, 1986 by the City of Effingham, or (KK) if the
14 ordinance was adopted on May 9, 1991 by the Village of Tilton,
15 or (LL) if the ordinance was adopted on October 20, 1986 by the
16 City of Elmhurst, or (MM) if the ordinance was adopted on
17 January 19, 1988 by the City of Waukegan, or (NN) if the
18 ordinance was adopted on September 21, 1998 by the City of
19 Waukegan, or (OO) if the ordinance was adopted on December 31,
20 1986 by the City of Sullivan, or (PP) if the ordinance was
21 adopted on December 23, 1991 by the City of Sullivan, or (QQ)
22 if the ordinance was adopted on December 31, 1986 by the City
23 of Oglesby, or (RR) if the ordinance was adopted on July 28,
24 1987 by the City of Marion, or (SS) if the ordinance was
25 adopted on April 23, 1990 by the City of Marion, or (TT) if the
26 ordinance was adopted on August 20, 1985 by the Village of

 

 

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1 Mount Prospect, or (UU) if the ordinance was adopted on
2 February 2, 1998 by the Village of Woodhull, or (VV) if the
3 ordinance was adopted on April 20, 1993 by the Village of
4 Princeville, or (WW) if the ordinance was adopted on July 1,
5 1986 by the City of Granite City, or (XX) if the ordinance was
6 adopted on February 2, 1989 by the Village of Lombard, or (YY)
7 if the ordinance was adopted on December 29, 1986 by the
8 Village of Gardner, or (ZZ) if the ordinance was adopted on
9 July 14, 1999 by the Village of Paw Paw, or (AAA) if the
10 ordinance was adopted on November 17, 1986 by the Village of
11 Franklin Park, or (BBB) if the ordinance was adopted on
12 November 20, 1989 by the Village of South Holland, or (CCC) if
13 the ordinance was adopted on July 14, 1992 by the Village of
14 Riverdale, or (CCC) if the ordinance was adopted on December
15 29, 1986 by the City of Galesburg, or (DDD) if the ordinance
16 was adopted on April 1, 1985 by the City of Galesburg, or (CCC)
17 if the ordinance was adopted on May 21, 1990 by the City of
18 West Chicago, or (CCC) if the ordinance was adopted on December
19 16, 1986 by the City of Oak Forest or, (AAA) if the ordinance
20 was adopted in 1999 by the City of Villa Grove, or (CCC) if the
21 ordinance was adopted on January 13, 1987 by the Village of Mt.
22 Zion, or (CCC) if the ordinance was adopted on December 30,
23 1986 by the Village of Manteno, or (DDD) if the ordinance was
24 adopted on April 3, 1989 by the City of Chicago Heights, or
25 (EEE) if the ordinance was adopted on January 6, 1999 by the
26 Village of Rosemont, or (FFF) if the ordinance was adopted on

 

 

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1 December 19, 2000 by the Village of Stone Park, or (CCC) if the
2 ordinance was adopted on December 22, 1986 by the City of
3 DeKalb and, for redevelopment project areas for which bonds
4 were issued before July 29, 1991, in connection with a
5 redevelopment project in the area within the State Sales Tax
6 Boundary and which were extended by municipal ordinance under
7 subsection (n) of Section 11-74.4-3, the last maturity of the
8 refunding obligations shall not be expressed to mature later
9 than the date on which the redevelopment project area is
10 terminated or December 31, 2013, whichever date occurs first.
11     In the event a municipality issues obligations under home
12 rule powers or other legislative authority the proceeds of
13 which are pledged to pay for redevelopment project costs, the
14 municipality may, if it has followed the procedures in
15 conformance with this division, retire said obligations from
16 funds in the special tax allocation fund in amounts and in such
17 manner as if such obligations had been issued pursuant to the
18 provisions of this division.
19     All obligations heretofore or hereafter issued pursuant to
20 this Act shall not be regarded as indebtedness of the
21 municipality issuing such obligations or any other taxing
22 district for the purpose of any limitation imposed by law.
23 (Source: P.A. 94-260, eff. 7-19-05; 94-297, eff. 7-21-05;
24 94-302, eff. 7-21-05; 94-702, eff. 6-1-06; 94-704, eff.
25 12-5-05; 94-711, eff. 6-1-06; 94-778, eff. 5-19-06; 94-782,
26 eff. 5-19-06; 94-783, eff. 5-19-06; 94-810, eff. 5-26-06;

 

 

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1 94-903, eff. 6-22-06; 94-1091, eff. 1-26-07; 94-1092, eff.
2 1-26-07; 95-15, eff. 7-16-07; 95-164, eff. 1-1-08; 95-331, eff.
3 8-21-07; 95-346, eff. 8-21-07; 95-459, eff. 8-27-07; 95-653,
4 eff. 1-1-08; 95-662, eff. 10-11-07; 95-683, eff. 10-19-07;
5 95-709, eff. 1-29-08; revised 1-31-08.)
 
6     Section 99. Effective date. This Act takes effect upon
7 becoming law.".