Illinois General Assembly - Full Text of HB0845
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Full Text of HB0845  102nd General Assembly

HB0845 102ND GENERAL ASSEMBLY

  
  

 


 
102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB0845

 

Introduced 2/10/2021, by Rep. Dan Ugaste

 

SYNOPSIS AS INTRODUCED:
 
65 ILCS 5/11-74.4-3.5

    Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Provides that the estimated dates of completion of the redevelopment project and retirement of obligations issued to finance redevelopment project costs is the 15th calendar year (rather than the 23rd calendar year) after the year in which the ordinance approving the redevelopment project area was adopted for ordinances adopted on or after the effective date of the amendatory Act. Effective immediately.


LRB102 04225 AWJ 14242 b

 

 

A BILL FOR

 

HB0845LRB102 04225 AWJ 14242 b

1    AN ACT concerning local government.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Municipal Code is amended by
5changing Section 11-74.4-3.5 as follows:
 
6    (65 ILCS 5/11-74.4-3.5)
7    Sec. 11-74.4-3.5. Completion dates for redevelopment
8projects.
9    (a) Unless otherwise stated in this Section, before the
10effective date of this amendatory Act of the 102nd General
11Assembly, the estimated dates of completion of the
12redevelopment project and retirement of obligations issued to
13finance redevelopment project costs (including refunding bonds
14under Section 11-74.4-7) may not be later than December 31 of
15the year in which the payment to the municipal treasurer, as
16provided in subsection (b) of Section 11-74.4-8 of this Act,
17is to be made with respect to ad valorem taxes levied in the
1823rd calendar year after the year in which the ordinance
19approving the redevelopment project area was adopted if the
20ordinance was adopted on or after January 15, 1981.
21    (a-3) On and after the effective date of this amendatory
22Act of the 102nd General Assembly, the estimated dates of
23completion of the redevelopment project and retirement of

 

 

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1obligations issued to finance redevelopment project costs
2(including refunding bonds under Section 11-74.4-7) may not be
3later than December 31 of the year in which the payment to the
4municipal treasurer, as provided in subsection (b) of Section
511-74.4-8 of this Act, is to be made with respect to ad valorem
6taxes levied in the 15th calendar year after the year in which
7the ordinance approving the redevelopment project area was
8adopted if the ordinance was adopted on or after the effective
9date of this amendatory Act of the 102nd General Assembly.
10    (a-5) If the redevelopment project area is located within
11a transit facility improvement area established pursuant to
12Section 11-74.4-3, the estimated dates of completion of the
13redevelopment project and retirement of obligations issued to
14finance redevelopment project costs (including refunding bonds
15under Section 11-74.4-7) may not be later than December 31 of
16the year in which the payment to the municipal treasurer, as
17provided in subsection (b) of Section 11-74.4-8 of this Act,
18is to be made with respect to ad valorem taxes levied in the
1935th calendar year after the year in which the ordinance
20approving the redevelopment project area was adopted.
21    (a-7) A municipality may adopt tax increment financing for
22a redevelopment project area located in a transit facility
23improvement area that also includes real property located
24within an existing redevelopment project area established
25prior to August 12, 2016 (the effective date of Public Act
2699-792). In such case: (i) the provisions of this Division

 

 

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1shall apply with respect to the previously established
2redevelopment project area until the municipality adopts, as
3required in accordance with applicable provisions of this
4Division, an ordinance dissolving the special tax allocation
5fund for such redevelopment project area and terminating the
6designation of such redevelopment project area as a
7redevelopment project area; and (ii) after the effective date
8of the ordinance described in (i), the provisions of this
9Division shall apply with respect to the subsequently
10established redevelopment project area located in a transit
11facility improvement area.
12    (b) The estimated dates of completion of the redevelopment
13project and retirement of obligations issued to finance
14redevelopment project costs (including refunding bonds under
15Section 11-74.4-7) may not be later than December 31 of the
16year in which the payment to the municipal treasurer as
17provided in subsection (b) of Section 11-74.4-8 of this Act is
18to be made with respect to ad valorem taxes levied in the 32nd
19calendar year after the year in which the ordinance approving
20the redevelopment project area was adopted if the ordinance
21was adopted on September 9, 1999 by the Village of Downs.
22    The estimated dates of completion of the redevelopment
23project and retirement of obligations issued to finance
24redevelopment project costs (including refunding bonds under
25Section 11-74.4-7) may not be later than December 31 of the
26year in which the payment to the municipal treasurer as

 

 

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1provided in subsection (b) of Section 11-74.4-8 of this Act is
2to be made with respect to ad valorem taxes levied in the 33rd
3calendar year after the year in which the ordinance approving
4the redevelopment project area was adopted if the ordinance
5was adopted on May 20, 1985 by the Village of Wheeling.
6    The estimated dates of completion of the redevelopment
7project and retirement of obligations issued to finance
8redevelopment project costs (including refunding bonds under
9Section 11-74.4-7) may not be later than December 31 of the
10year in which the payment to the municipal treasurer as
11provided in subsection (b) of Section 11-74.4-8 of this Act is
12to be made with respect to ad valorem taxes levied in the 28th
13calendar year after the year in which the ordinance approving
14the redevelopment project area was adopted if the ordinance
15was adopted on October 12, 1989 by the City of Lawrenceville.
16    (c) The estimated dates of completion of the redevelopment
17project and retirement of obligations issued to finance
18redevelopment project costs (including refunding bonds under
19Section 11-74.4-7) may not be later than December 31 of the
20year in which the payment to the municipal treasurer as
21provided in subsection (b) of Section 11-74.4-8 of this Act is
22to be made with respect to ad valorem taxes levied in the 35th
23calendar year after the year in which the ordinance approving
24the redevelopment project area was adopted:
25        (1) If the ordinance was adopted before January 15,
26    1981.

 

 

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1        (2) If the ordinance was adopted in December 1983,
2    April 1984, July 1985, or December 1989.
3        (3) If the ordinance was adopted in December 1987 and
4    the redevelopment project is located within one mile of
5    Midway Airport.
6        (4) If the ordinance was adopted before January 1,
7    1987 by a municipality in Mason County.
8        (5) If the municipality is subject to the Local
9    Government Financial Planning and Supervision Act or the
10    Financially Distressed City Law.
11        (6) If the ordinance was adopted in December 1984 by
12    the Village of Rosemont.
13        (7) If the ordinance was adopted on December 31, 1986
14    by a municipality located in Clinton County for which at
15    least $250,000 of tax increment bonds were authorized on
16    June 17, 1997, or if the ordinance was adopted on December
17    31, 1986 by a municipality with a population in 1990 of
18    less than 3,600 that is located in a county with a
19    population in 1990 of less than 34,000 and for which at
20    least $250,000 of tax increment bonds were authorized on
21    June 17, 1997.
22        (8) If the ordinance was adopted on October 5, 1982 by
23    the City of Kankakee, or if the ordinance was adopted on
24    December 29, 1986 by East St. Louis.
25        (9) If the ordinance was adopted on November 12, 1991
26    by the Village of Sauget.

 

 

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

 

 

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

 

 

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1    by the Town of Cicero.
2        (36) If the ordinance was adopted on December 30, 1986
3    by the City of Effingham.
4        (37) If the ordinance was adopted on May 9, 1991 by the
5    Village of Tilton.
6        (38) If the ordinance was adopted on October 20, 1986
7    by the City of Elmhurst.
8        (39) If the ordinance was adopted on January 19, 1988
9    by the City of Waukegan.
10        (40) If the ordinance was adopted on September 21,
11    1998 by the City of Waukegan.
12        (41) If the ordinance was adopted on December 31, 1986
13    by the City of Sullivan.
14        (42) If the ordinance was adopted on December 23, 1991
15    by the City of Sullivan.
16        (43) If the ordinance was adopted on December 31, 1986
17    by the City of Oglesby.
18        (44) If the ordinance was adopted on July 28, 1987 by
19    the City of Marion.
20        (45) If the ordinance was adopted on April 23, 1990 by
21    the City of Marion.
22        (46) If the ordinance was adopted on August 20, 1985
23    by the Village of Mount Prospect.
24        (47) If the ordinance was adopted on February 2, 1998
25    by the Village of Woodhull.
26        (48) If the ordinance was adopted on April 20, 1993 by

 

 

HB0845- 9 -LRB102 04225 AWJ 14242 b

1    the Village of Princeville.
2        (49) If the ordinance was adopted on July 1, 1986 by
3    the City of Granite City.
4        (50) If the ordinance was adopted on February 2, 1989
5    by the Village of Lombard.
6        (51) If the ordinance was adopted on December 29, 1986
7    by the Village of Gardner.
8        (52) If the ordinance was adopted on July 14, 1999 by
9    the Village of Paw Paw.
10        (53) If the ordinance was adopted on November 17, 1986
11    by the Village of Franklin Park.
12        (54) If the ordinance was adopted on November 20, 1989
13    by the Village of South Holland.
14        (55) If the ordinance was adopted on July 14, 1992 by
15    the Village of Riverdale.
16        (56) If the ordinance was adopted on December 29, 1986
17    by the City of Galesburg.
18        (57) If the ordinance was adopted on April 1, 1985 by
19    the City of Galesburg.
20        (58) If the ordinance was adopted on May 21, 1990 by
21    the City of West Chicago.
22        (59) If the ordinance was adopted on December 16, 1986
23    by the City of Oak Forest.
24        (60) If the ordinance was adopted in 1999 by the City
25    of Villa Grove.
26        (61) If the ordinance was adopted on January 13, 1987

 

 

HB0845- 10 -LRB102 04225 AWJ 14242 b

1    by the Village of Mt. Zion.
2        (62) If the ordinance was adopted on December 30, 1986
3    by the Village of Manteno.
4        (63) If the ordinance was adopted on April 3, 1989 by
5    the City of Chicago Heights.
6        (64) If the ordinance was adopted on January 6, 1999
7    by the Village of Rosemont.
8        (65) If the ordinance was adopted on December 19, 2000
9    by the Village of Stone Park.
10        (66) If the ordinance was adopted on December 22, 1986
11    by the City of DeKalb.
12        (67) If the ordinance was adopted on December 2, 1986
13    by the City of Aurora.
14        (68) If the ordinance was adopted on December 31, 1986
15    by the Village of Milan.
16        (69) If the ordinance was adopted on September 8, 1994
17    by the City of West Frankfort.
18        (70) If the ordinance was adopted on December 23, 1986
19    by the Village of Libertyville.
20        (71) If the ordinance was adopted on December 22, 1986
21    by the Village of Hoffman Estates.
22        (72) If the ordinance was adopted on September 17,
23    1986 by the Village of Sherman.
24        (73) If the ordinance was adopted on December 16, 1986
25    by the City of Macomb.
26        (74) If the ordinance was adopted on June 11, 2002 by

 

 

HB0845- 11 -LRB102 04225 AWJ 14242 b

1    the City of East Peoria to create the West Washington
2    Street TIF.
3        (75) If the ordinance was adopted on June 11, 2002 by
4    the City of East Peoria to create the Camp Street TIF.
5        (76) If the ordinance was adopted on August 7, 2000 by
6    the City of Des Plaines.
7        (77) If the ordinance was adopted on December 22, 1986
8    by the City of Washington to create the Washington Square
9    TIF #2.
10        (78) If the ordinance was adopted on December 29, 1986
11    by the City of Morris.
12        (79) If the ordinance was adopted on July 6, 1998 by
13    the Village of Steeleville.
14        (80) If the ordinance was adopted on December 29, 1986
15    by the City of Pontiac to create TIF I (the Main St TIF).
16        (81) If the ordinance was adopted on December 29, 1986
17    by the City of Pontiac to create TIF II (the Interstate
18    TIF).
19        (82) If the ordinance was adopted on November 6, 2002
20    by the City of Chicago to create the Madden/Wells TIF
21    District.
22        (83) If the ordinance was adopted on November 4, 1998
23    by the City of Chicago to create the Roosevelt/Racine TIF
24    District.
25        (84) If the ordinance was adopted on June 10, 1998 by
26    the City of Chicago to create the Stony Island

 

 

HB0845- 12 -LRB102 04225 AWJ 14242 b

1    Commercial/Burnside Industrial Corridors TIF District.
2        (85) If the ordinance was adopted on November 29, 1989
3    by the City of Chicago to create the Englewood Mall TIF
4    District.
5        (86) If the ordinance was adopted on December 27, 1986
6    by the City of Mendota.
7        (87) If the ordinance was adopted on December 31, 1986
8    by the Village of Cahokia.
9        (88) If the ordinance was adopted on September 20,
10    1999 by the City of Belleville.
11        (89) If the ordinance was adopted on December 30, 1986
12    by the Village of Bellevue to create the Bellevue TIF
13    District 1.
14        (90) If the ordinance was adopted on December 13, 1993
15    by the Village of Crete.
16        (91) If the ordinance was adopted on February 12, 2001
17    by the Village of Crete.
18        (92) If the ordinance was adopted on April 23, 2001 by
19    the Village of Crete.
20        (93) If the ordinance was adopted on December 16, 1986
21    by the City of Champaign.
22        (94) If the ordinance was adopted on December 20, 1986
23    by the City of Charleston.
24        (95) If the ordinance was adopted on June 6, 1989 by
25    the Village of Romeoville.
26        (96) If the ordinance was adopted on October 14, 1993

 

 

HB0845- 13 -LRB102 04225 AWJ 14242 b

1    and amended on August 2, 2010 by the City of Venice.
2        (97) If the ordinance was adopted on June 1, 1994 by
3    the City of Markham.
4        (98) If the ordinance was adopted on May 19, 1998 by
5    the Village of Bensenville.
6        (99) If the ordinance was adopted on November 12, 1987
7    by the City of Dixon.
8        (100) If the ordinance was adopted on December 20,
9    1988 by the Village of Lansing.
10        (101) If the ordinance was adopted on October 27, 1998
11    by the City of Moline.
12        (102) If the ordinance was adopted on May 21, 1991 by
13    the Village of Glenwood.
14        (103) If the ordinance was adopted on January 28, 1992
15    by the City of East Peoria.
16        (104) If the ordinance was adopted on December 14,
17    1998 by the City of Carlyle.
18        (105) If the ordinance was adopted on May 17, 2000, as
19    subsequently amended, by the City of Chicago to create the
20    Midwest Redevelopment TIF District.
21        (106) If the ordinance was adopted on September 13,
22    1989 by the City of Chicago to create the Michigan/Cermak
23    Area TIF District.
24        (107) If the ordinance was adopted on March 30, 1992
25    by the Village of Ohio.
26        (108) If the ordinance was adopted on July 6, 1998 by

 

 

HB0845- 14 -LRB102 04225 AWJ 14242 b

1    the Village of Orangeville.
2        (109) If the ordinance was adopted on December 16,
3    1997 by the Village of Germantown.
4        (110) If the ordinance was adopted on April 28, 2003
5    by Gibson City.
6        (111) If the ordinance was adopted on December 18,
7    1990 by the Village of Washington Park, but only after the
8    Village of Washington Park becomes compliant with the
9    reporting requirements under subsection (d) of Section
10    11-74.4-5, and after the State Comptroller's certification
11    of such compliance.
12        (112) If the ordinance was adopted on February 28,
13    2000 by the City of Harvey.
14        (113) If the ordinance was adopted on January 11, 1991
15    by the City of Chicago to create the Read/Dunning TIF
16    District.
17        (114) If the ordinance was adopted on July 24, 1991 by
18    the City of Chicago to create the Sanitary and Ship Canal
19    TIF District.
20        (115) If the ordinance was adopted on December 4, 2007
21    by the City of Naperville.
22        (116) If the ordinance was adopted on July 1, 2002 by
23    the Village of Arlington Heights.
24        (117) If the ordinance was adopted on February 11,
25    1991 by the Village of Machesney Park.
26        (118) If the ordinance was adopted on December 29,

 

 

HB0845- 15 -LRB102 04225 AWJ 14242 b

1    1993 by the City of Ottawa.
2        (119) If the ordinance was adopted on June 4, 1991 by
3    the Village of Lansing.
4        (120) If the ordinance was adopted on February 10,
5    2004 by the Village of Fox Lake.
6        (121) If the ordinance was adopted on December 22,
7    1992 by the City of Fairfield.
8        (122) If the ordinance was adopted on February 10,
9    1992 by the City of Mt. Sterling.
10        (123) If the ordinance was adopted on March 15, 2004
11    by the City of Batavia.
12        (124) If the ordinance was adopted on March 18, 2002
13    by the Village of Lake Zurich.
14        (125) If the ordinance was adopted on September 23,
15    1997 by the City of Granite City.
16        (126) If the ordinance was adopted on May 8, 2013 by
17    the Village of Rosemont to create the Higgins Road/River
18    Road TIF District No. 6.
19        (127) If the ordinance was adopted on November 22,
20    1993 by the City of Arcola.
21        (128) If the ordinance was adopted on September 7,
22    2004 by the City of Arcola.
23        (129) If the ordinance was adopted on November 29,
24    1999 by the City of Paris.
25        (130) If the ordinance was adopted on September 20,
26    1994 by the City of Ottawa to create the U.S. Route 6 East

 

 

HB0845- 16 -LRB102 04225 AWJ 14242 b

1    Ottawa TIF.
2        (131) If the ordinance was adopted on May 2, 2002 by
3    the Village of Crestwood.
4        (132) If the ordinance was adopted on October 27, 1992
5    by the City of Blue Island.
6        (133) If the ordinance was adopted on December 23,
7    1993 by the City of Lacon.
8        (134) If the ordinance was adopted on May 4, 1998 by
9    the Village of Bradford.
10        (135) If the ordinance was adopted on June 11, 2002 by
11    the City of Oak Forest.
12        (136) If the ordinance was adopted on November 16,
13    1992 by the City of Pinckneyville.
14        (137) If the ordinance was adopted on March 1, 2001 by
15    the Village of South Jacksonville.
16        (138) If the ordinance was adopted on February 26,
17    1992 by the City of Chicago to create the Stockyards
18    Southeast Quadrant TIF District.
19        (139) If the ordinance was adopted on January 25, 1993
20    by the City of LaSalle.
21        (140) If the ordinance was adopted on December 23,
22    1997 by the Village of Dieterich.
23        (141) If the ordinance was adopted on February 10,
24    2016 by the Village of Rosemont to create the
25    Balmoral/Pearl TIF No. 8 Tax Increment Financing
26    Redevelopment Project Area.

 

 

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1        (142) If the ordinance was adopted on June 11, 2002 by
2    the City of Oak Forest.
3        (143) If the ordinance was adopted on January 31, 1995
4    by the Village of Milledgeville.
5        (144) If the ordinance was adopted on February 5, 1996
6    by the Village of Pearl City.
7        (145) If the ordinance was adopted on December 21,
8    1994 by the City of Calumet City.
9        (146) If the ordinance was adopted on May 5, 2003 by
10    the Town of Normal.
11        (147) If the ordinance was adopted on June 2, 1998 by
12    the City of Litchfield.
13        (148) If the ordinance was adopted on October 23, 1995
14    by the City of Marion.
15        (149) If the ordinance was adopted on May 24, 2001 by
16    the Village of Hanover Park.
17        (150) If the ordinance was adopted on May 30, 1995 by
18    the Village of Dalzell.
19        (151) If the ordinance was adopted on April 15, 1997
20    by the City of Edwardsville.
21        (152) If the ordinance was adopted on September 5,
22    1995 by the City of Granite City.
23        (153) If the ordinance was adopted on June 21, 1999 by
24    the Village of Table Grove.
25        (154) If the ordinance was adopted on February 23,
26    1995 by the City of Springfield.

 

 

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1        (155) If the ordinance was adopted on August 11, 1999
2    by the City of Monmouth.
3        (156) If the ordinance was adopted on December 26,
4    1995 by the Village of Posen.
5        (157) If the ordinance was adopted on July 1, 1995 by
6    the Village of Caseyville.
7        (158) If the ordinance was adopted on January 30, 1996
8    by the City of Madison.
9        (159) If the ordinance was adopted on February 2, 1996
10    by the Village of Hartford.
11        (160) If the ordinance was adopted on July 2, 1996 by
12    the Village of Manlius.
13        (161) If the ordinance was adopted on March 21, 2000
14    by the City of Hoopeston.
15        (162) If the ordinance was adopted on March 22, 2005
16    by the City of Hoopeston.
17        (163) If the ordinance was adopted on July 10, 1996 by
18    the City of Chicago to create the Goose Island TIF
19    District.
20        (164) If the ordinance was adopted on December 11,
21    1996 by the City of Chicago to create the Bryn
22    Mawr/Broadway TIF District.
23        (165) If the ordinance was adopted on December 31,
24    1995 by the City of Chicago to create the 95th/Western TIF
25    District.
26        (166) If the ordinance was adopted on October 7, 1998

 

 

HB0845- 19 -LRB102 04225 AWJ 14242 b

1    by the City of Chicago to create the 71st and Stony Island
2    TIF District.
3        (167) If the ordinance was adopted on April 19, 1995
4    by the Village of North Utica.
5        (168) If the ordinance was adopted on April 22, 1996
6    by the City of LaSalle.
7        (169) If the ordinance was adopted on June 9, 2008 by
8    the City of Country Club Hills.
9        (170) If the ordinance was adopted on July 3, 1996 by
10    the Village of Phoenix.
11        (171) If the ordinance was adopted on May 19, 1997 by
12    the Village of Swansea.
13        (172) If the ordinance was adopted on August 13, 2001
14    by the Village of Saunemin.
15        (173) If the ordinance was adopted on January 10, 2005
16    by the Village of Romeoville.
17        (174) If the ordinance was adopted on January 28, 1997
18    by the City of Berwyn for the South Berwyn Corridor Tax
19    Increment Financing District.
20        (175) If the ordinance was adopted on January 28, 1997
21    by the City of Berwyn for the Roosevelt Road Tax Increment
22    Financing District.
23        (176) If the ordinance was adopted on May 3, 2001 by
24    the Village of Hanover Park for the Village Center Tax
25    Increment Financing Redevelopment Project Area (TIF # 3).
26        (177) If the ordinance was adopted on January 1, 1996

 

 

HB0845- 20 -LRB102 04225 AWJ 14242 b

1    by the City of Savanna.
2        (178) If the ordinance was adopted on January 28, 2002
3    by the Village of Okawville.
4        (179) If the ordinance was adopted on October 4, 1999
5    by the City of Vandalia.
6        (180) If the ordinance was adopted on June 16, 2003 by
7    the City of Rushville.
8        (181) If the ordinance was adopted on December 7, 1998
9    by the City of Quincy for the Central Business District
10    West Tax Increment Redevelopment Project Area.
11        (182) If the ordinance was adopted on March 27, 1997
12    by the Village of Maywood approving the Roosevelt Road TIF
13    District.
14        (183) If the ordinance was adopted on March 27, 1997
15    by the Village of Maywood approving the Madison
16    Street/Fifth Avenue TIF District.
17        (184) If the ordinance was adopted on November 10,
18    1997 by the Village of Park Forest.
19        (185) If the ordinance was adopted on July 30, 1997 by
20    the City of Chicago to create the Near North TIF district.
21        (186) If the ordinance was adopted on December 1, 2000
22    by the Village of Mahomet.
23        (187) If the ordinance was adopted on June 16, 1999 by
24    the Village of Washburn.
25        (188) If the ordinance was adopted on August 19, 1998
26    by the Village of New Berlin.

 

 

HB0845- 21 -LRB102 04225 AWJ 14242 b

1    (d) For redevelopment project areas for which bonds were
2issued before July 29, 1991, or for which contracts were
3entered into before June 1, 1988, in connection with a
4redevelopment project in the area within the State Sales Tax
5Boundary, the estimated dates of completion of the
6redevelopment project and retirement of obligations to finance
7redevelopment project costs (including refunding bonds under
8Section 11-74.4-7) may be extended by municipal ordinance to
9December 31, 2013. The termination procedures of subsection
10(b) of Section 11-74.4-8 are not required for these
11redevelopment project areas in 2009 but are required in 2013.
12The extension allowed by Public Act 87-1272 shall not apply to
13real property tax increment allocation financing under Section
1411-74.4-8.
15    (e) Those dates, for purposes of real property tax
16increment allocation financing pursuant to Section 11-74.4-8
17only, shall be not more than 35 years for redevelopment
18project areas that were adopted on or after December 16, 1986
19and for which at least $8 million worth of municipal bonds were
20authorized on or after December 19, 1989 but before January 1,
211990; provided that the municipality elects to extend the life
22of the redevelopment project area to 35 years by the adoption
23of an ordinance after at least 14 but not more than 30 days'
24written notice to the taxing bodies, that would otherwise
25constitute the joint review board for the redevelopment
26project area, before the adoption of the ordinance.

 

 

HB0845- 22 -LRB102 04225 AWJ 14242 b

1    (f) Those dates, for purposes of real property tax
2increment allocation financing pursuant to Section 11-74.4-8
3only, shall be not more than 35 years for redevelopment
4project areas that were established on or after December 1,
51981 but before January 1, 1982 and for which at least
6$1,500,000 worth of tax increment revenue bonds were
7authorized on or after September 30, 1990 but before July 1,
81991; provided that the municipality elects to extend the life
9of the redevelopment project area to 35 years by the adoption
10of an ordinance after at least 14 but not more than 30 days'
11written notice to the taxing bodies, that would otherwise
12constitute the joint review board for the redevelopment
13project area, before the adoption of the ordinance.
14    (f-5) Those dates, for purposes of real property tax
15increment allocation financing pursuant to Section 11-74.4-8
16only, shall be not more than 47 years for redevelopment
17project areas that were established on December 29, 1981 by
18the City of Springfield; provided that (i) the City of
19Springfield adopts an ordinance extending the life of the
20redevelopment project area to 47 years and (ii) the City of
21Springfield provides notice to the taxing bodies that would
22otherwise constitute the joint review board for the
23redevelopment project area not more than 30 and not less than
2414 days prior to the adoption of that ordinance.
25    (g) In consolidating the material relating to completion
26dates from Sections 11-74.4-3 and 11-74.4-7 into this Section,

 

 

HB0845- 23 -LRB102 04225 AWJ 14242 b

1it is not the intent of the General Assembly to make any
2substantive change in the law, except for the extension of the
3completion dates for the City of Aurora, the Village of Milan,
4the City of West Frankfort, the Village of Libertyville, and
5the Village of Hoffman Estates set forth under items (67),
6(68), (69), (70), and (71) of subsection (c) of this Section.
7(Source: P.A. 100-201, eff. 8-18-17; 100-214, eff. 8-18-17;
8100-249, eff. 8-22-17; 100-510, eff. 9-15-17; 100-591, eff.
96-21-18; 100-609, eff. 7-17-18; 100-836, eff. 8-13-18;
10100-853, eff. 8-14-18; 100-859, eff. 8-14-18; 100-863, eff.
118-14-18; 100-873, eff. 8-14-18; 100-899, eff. 8-17-18;
12100-928, eff. 8-17-18; 100-967, eff. 8-19-18; 100-1031, eff.
138-22-18; 100-1032, eff. 8-22-18; 100-1164, eff. 12-27-18;
14101-274, eff. 8-9-19; 101-618, eff. 12-20-19; 101-647, eff.
156-26-20.)
 
16    Section 99. Effective date. This Act takes effect upon
17becoming law.