Full Text of HB1345 96th General Assembly
HB1345enr 96TH GENERAL ASSEMBLY
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HB1345 Enrolled |
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LRB096 08462 JAM 18581 b |
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| AN ACT concerning government.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The Illinois Municipal Code is amended by | 5 |
| changing Section 11-74.4-3.5 and by adding Section 11-74.4-8d | 6 |
| as follows: | 7 |
| (65 ILCS 5/11-74.4-3.5) | 8 |
| (Text of Section before amendment by P.A. 95-1028 ) | 9 |
| Sec. 11-74.4-3.5. Completion dates for redevelopment | 10 |
| projects. | 11 |
| (a) Unless otherwise stated in this Section, the estimated | 12 |
| dates of completion
of the redevelopment project and retirement | 13 |
| of obligations issued to finance
redevelopment project costs | 14 |
| (including refunding bonds under Section 11-74.4-7) may not be
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| later than December 31 of the year in which the payment to the | 16 |
| municipal
treasurer, as provided in subsection (b) of Section | 17 |
| 11-74.4-8 of this Act, is to
be made with respect to ad valorem | 18 |
| taxes levied in the 23rd
calendar year after the year in which | 19 |
| the ordinance approving the
redevelopment project area was | 20 |
| adopted if the ordinance was adopted on or after
January 15, | 21 |
| 1981. | 22 |
| (b) The estimated dates of completion
of the redevelopment | 23 |
| project and retirement of obligations issued to finance
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HB1345 Enrolled |
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LRB096 08462 JAM 18581 b |
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| redevelopment project costs (including refunding bonds under | 2 |
| Section 11-74.4-7) may not be later than December 31 of the | 3 |
| year in which the payment to the municipal
treasurer as | 4 |
| provided in subsection (b) of Section 11-74.4-8 of this Act is | 5 |
| to
be made with respect to ad valorem taxes levied in the 33rd | 6 |
| calendar
year after the year in which the ordinance approving | 7 |
| the
redevelopment project area was adopted, if the ordinance | 8 |
| was adopted on May 20, 1985 by the Village of Wheeling. | 9 |
| (c) The estimated dates of completion
of the redevelopment | 10 |
| project and retirement of obligations issued to finance
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| redevelopment project costs (including refunding bonds under | 12 |
| Section 11-74.4-7) may not be later than December 31 of the | 13 |
| year in which the payment to the municipal
treasurer as | 14 |
| provided in subsection (b) of Section 11-74.4-8 of this Act is | 15 |
| to
be made with respect to ad valorem taxes levied in the 35th | 16 |
| calendar
year after the year in which the ordinance approving | 17 |
| the
redevelopment project area was adopted: | 18 |
| (1) if the ordinance was adopted before January 15, | 19 |
| 1981; | 20 |
| (2) if the ordinance was adopted in December 1983, | 21 |
| April 1984, July 1985,
or December 1989; | 22 |
| (3) if the ordinance was adopted in December 1987 and | 23 |
| the redevelopment
project is located within one mile of | 24 |
| Midway Airport; | 25 |
| (4) if the ordinance was adopted before January 1, 1987 | 26 |
| by a municipality in
Mason County; |
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HB1345 Enrolled |
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LRB096 08462 JAM 18581 b |
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| (5) if the municipality is subject to the Local | 2 |
| Government Financial Planning
and Supervision Act or the | 3 |
| Financially Distressed City Law; | 4 |
| (6) if the ordinance was adopted in December 1984 by | 5 |
| the Village of Rosemont; | 6 |
| (7) if the ordinance was adopted on December 31, 1986 | 7 |
| by a municipality
located in Clinton County for which at | 8 |
| least $250,000 of tax increment
bonds were authorized on | 9 |
| June 17, 1997, or if the ordinance was adopted on
December | 10 |
| 31, 1986 by a municipality with a population in 1990 of | 11 |
| less than
3,600 that is located in a county with a | 12 |
| population in 1990 of less than
34,000 and for which at | 13 |
| least $250,000 of tax increment bonds were authorized
on | 14 |
| June 17, 1997; | 15 |
| (8) if the ordinance was adopted on October 5, 1982 by | 16 |
| the City of Kankakee, or if the ordinance was adopted on | 17 |
| December 29, 1986 by East St. Louis; | 18 |
| (9) if
the ordinance was adopted on November 12, 1991 | 19 |
| by the Village of Sauget; | 20 |
| (10) if the ordinance was
adopted on February 11, 1985 | 21 |
| by the City of Rock Island; | 22 |
| (11) if the ordinance was adopted before December 18, | 23 |
| 1986 by the City of
Moline; | 24 |
| (12) if the ordinance was adopted in September 1988 by | 25 |
| Sauk Village; | 26 |
| (13) if the ordinance was adopted in October 1993 by |
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HB1345 Enrolled |
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LRB096 08462 JAM 18581 b |
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| Sauk Village; | 2 |
| (14) if the ordinance was adopted on December 29, 1986 | 3 |
| by the City of Galva; | 4 |
| (15) if the ordinance was adopted in March 1991 by the | 5 |
| City of Centreville; | 6 |
| (16) if the ordinance was adopted on January 23, 1991
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| by the City of East St. Louis; | 8 |
| (17) if the ordinance was adopted on December 22, 1986 | 9 |
| by the City of Aledo; | 10 |
| (18) if the ordinance was adopted on February 5, 1990 | 11 |
| by the City of Clinton; | 12 |
| (19) if the ordinance was adopted on September 6, 1994 | 13 |
| by the City of Freeport; | 14 |
| (20) if the ordinance was adopted on December 22, 1986 | 15 |
| by the City of Tuscola; | 16 |
| (21) if the ordinance was adopted on December 23, 1986 | 17 |
| by the City of Sparta; | 18 |
| (22) if the ordinance was adopted on December 23, 1986 | 19 |
| by the City of
Beardstown; | 20 |
| (23) if the ordinance was adopted on April 27, 1981, | 21 |
| October 21, 1985, or
December 30, 1986 by the City of | 22 |
| Belleville; | 23 |
| (24) if the ordinance was adopted on December 29, 1986 | 24 |
| by the City of
Collinsville; | 25 |
| (25) if the ordinance was adopted on September 14, 1994 | 26 |
| by the
City of Alton; |
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HB1345 Enrolled |
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| (26) if the ordinance was adopted on November 11, 1996 | 2 |
| by the
City of Lexington; | 3 |
| (27) if the ordinance was adopted on November 5, 1984 | 4 |
| by
the City of LeRoy; | 5 |
| (28) if the ordinance was adopted on April 3, 1991 or
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| June 3, 1992 by the City of Markham; | 7 |
| (29) if the ordinance was adopted on November 11, 1986 | 8 |
| by the City of Pekin; | 9 |
| (30) if the ordinance was adopted on December 15, 1981 | 10 |
| by the City of Champaign; | 11 |
| (31) if the ordinance was adopted on December 15, 1986 | 12 |
| by the City of Urbana; | 13 |
| (32) if the ordinance was adopted on December 15, 1986 | 14 |
| by the Village of Heyworth; | 15 |
| (33) if the ordinance was adopted on February 24, 1992 | 16 |
| by the Village of Heyworth; | 17 |
| (34) if the ordinance was adopted on March 16, 1995 by | 18 |
| the Village of Heyworth; | 19 |
| (35) if the ordinance was adopted on December 23, 1986 | 20 |
| by the Town of Cicero; | 21 |
| (36) if the ordinance was adopted on December 30, 1986 | 22 |
| by the City of Effingham; | 23 |
| (37) if the ordinance was adopted on May 9, 1991 by the | 24 |
| Village of
Tilton; | 25 |
| (38) if the ordinance was adopted on October 20, 1986 | 26 |
| by the City of Elmhurst; |
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HB1345 Enrolled |
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| (39) if the ordinance was adopted on January 19, 1988 | 2 |
| by the City of
Waukegan; | 3 |
| (40) if the ordinance was adopted on September 21, 1998 | 4 |
| by the City of
Waukegan; | 5 |
| (41) if the ordinance was adopted on December 31, 1986 | 6 |
| by the City of Sullivan; | 7 |
| (42) if the ordinance was adopted on December 23, 1991 | 8 |
| by the City of Sullivan; | 9 |
| (43) if the ordinance was adopted on December 31, 1986 | 10 |
| by the City of Oglesby; | 11 |
| (44) if the ordinance was adopted on July 28, 1987 by | 12 |
| the City of Marion; | 13 |
| (45) if the ordinance was adopted on April 23, 1990 by | 14 |
| the City of Marion; | 15 |
| (46) if the ordinance was adopted on August 20, 1985 by | 16 |
| the Village of Mount Prospect; | 17 |
| (47) if the ordinance was adopted on February 2, 1998 | 18 |
| by the Village of Woodhull; | 19 |
| (48) if the ordinance was adopted on April 20, 1993 by | 20 |
| the Village of Princeville; | 21 |
| (49) if the ordinance was adopted on July 1, 1986 by | 22 |
| the City of Granite City; | 23 |
| (50) if the ordinance was adopted on February 2, 1989 | 24 |
| by the Village of Lombard; | 25 |
| (51) if the ordinance was adopted on December 29, 1986 | 26 |
| by the Village of Gardner; |
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HB1345 Enrolled |
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LRB096 08462 JAM 18581 b |
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| (52) if the ordinance was adopted on July 14, 1999 by | 2 |
| the Village of Paw Paw; | 3 |
| (53) if the ordinance was adopted on November 17, 1986 | 4 |
| by the Village of Franklin Park; | 5 |
| (54) if the ordinance was adopted on November 20, 1989 | 6 |
| by the Village of South Holland; | 7 |
| (55) if the ordinance was adopted on July 14, 1992 by | 8 |
| the Village of Riverdale; | 9 |
| (56) if the ordinance was adopted on December 29, 1986 | 10 |
| by the City of Galesburg; | 11 |
| (57) if the ordinance was adopted on April 1, 1985 by | 12 |
| the City of Galesburg; | 13 |
| (58) if the ordinance was adopted on May 21, 1990 by | 14 |
| the City of West Chicago; | 15 |
| (59) if the ordinance was adopted on December 16, 1986 | 16 |
| by the City of Oak Forest; | 17 |
| (60) if the ordinance was adopted in 1999 by the City | 18 |
| of Villa Grove; | 19 |
| (61) if the ordinance was adopted on January 13, 1987 | 20 |
| by the Village of Mt. Zion; | 21 |
| (62) if the ordinance was adopted on December 30, 1986 | 22 |
| by the Village of Manteno; | 23 |
| (63) if the ordinance was adopted on April 3, 1989 by | 24 |
| the City of Chicago Heights; | 25 |
| (64) if the ordinance was adopted on January 6, 1999 by | 26 |
| the Village of Rosemont; |
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HB1345 Enrolled |
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LRB096 08462 JAM 18581 b |
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| (65) if the ordinance was adopted on December 19, 2000 | 2 |
| by the Village of Stone Park; | 3 |
| (66) if the ordinance was adopted on December 22, 1986 | 4 |
| by the City of DeKalb; or | 5 |
| (67) if the ordinance was adopted on December 2, 1986 | 6 |
| by the City of Aurora ; .
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| (68)
(67) if the ordinance was adopted on December 31, | 8 |
| 1986 by the Village of Milan; or | 9 |
| (69)
(68) if the ordinance was adopted on September 8, | 10 |
| 1994 by the City of West Frankfort ; . | 11 |
| (70) if the ordinance was adopted on December 23, 1986 | 12 |
| by the Village of Libertyville; | 13 |
| (71) if the ordinance was adopted on November 6, 2002 | 14 |
| by the City of Chicago to create the Madden/Wells TIF | 15 |
| District; | 16 |
| (72) if the ordinance was adopted on November 4, 1998 | 17 |
| by the City of Chicago to create the Roosevelt/Racine TIF | 18 |
| District; | 19 |
| (73) if the ordinance was adopted on June 10, 1998 by | 20 |
| the City of Chicago to create the Stony Island | 21 |
| Commercial/Burnside Industrial Corridors TIF District; or | 22 |
| (74) if the ordinance was adopted on November 29, 1989 | 23 |
| by the City of Chicago to create the Englewood Mall TIF | 24 |
| District. | 25 |
| (d) For redevelopment project areas for which bonds were | 26 |
| issued before
July 29, 1991, or for which contracts were |
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HB1345 Enrolled |
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LRB096 08462 JAM 18581 b |
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| entered into before June 1,
1988, in connection with a | 2 |
| redevelopment project in the area within
the State Sales Tax | 3 |
| Boundary, the estimated dates of completion of the
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| redevelopment project and retirement of obligations to finance | 5 |
| redevelopment
project costs (including refunding bonds under | 6 |
| Section 11-74.4-7) may be extended by municipal ordinance to | 7 |
| December 31, 2013.
The termination procedures of subsection (b) | 8 |
| of Section 11-74.4-8 are not
required for
these redevelopment | 9 |
| project areas in 2009 but are required in 2013.
The extension | 10 |
| allowed by Public Act 87-1272 shall not apply to real
property | 11 |
| tax increment allocation financing under Section 11-74.4-8. | 12 |
| (e) Those dates, for purposes of real property tax | 13 |
| increment allocation
financing pursuant to Section 11-74.4-8 | 14 |
| only, shall be not more than 35 years
for redevelopment project | 15 |
| areas that were adopted on or after December 16,
1986 and for | 16 |
| which at least $8 million worth of municipal bonds were | 17 |
| authorized
on or after December 19, 1989 but before January 1, | 18 |
| 1990; provided that the
municipality elects to extend the life | 19 |
| of the redevelopment project area to 35
years by the adoption | 20 |
| of an ordinance after at least 14 but not more than 30
days' | 21 |
| written notice to the taxing bodies, that would otherwise | 22 |
| constitute the
joint review board for the redevelopment project | 23 |
| area, before the adoption of
the ordinance. | 24 |
| (f) Those dates, for purposes of real property tax | 25 |
| increment allocation
financing pursuant to Section 11-74.4-8 | 26 |
| only, shall be not more than 35 years
for redevelopment project |
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HB1345 Enrolled |
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LRB096 08462 JAM 18581 b |
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| areas that were established on or after December 1,
1981 but | 2 |
| before January 1, 1982 and for which at least $1,500,000 worth | 3 |
| of
tax increment revenue bonds were authorized
on or after | 4 |
| September 30, 1990 but before July 1, 1991; provided that the
| 5 |
| municipality elects to extend the life of the redevelopment | 6 |
| project area to 35
years by the adoption of an ordinance after | 7 |
| at least 14 but not more than 30
days' written notice to the | 8 |
| taxing bodies, that would otherwise constitute the
joint review | 9 |
| board for the redevelopment project area, before the adoption | 10 |
| of
the ordinance. | 11 |
| (g) In consolidating the material relating to completion | 12 |
| dates from Sections 11-74.4-3 and 11-74.4-7 into this Section, | 13 |
| it is not the intent of the 95th General Assembly to make any | 14 |
| substantive change in the law, except for the extension of the | 15 |
| completion dates date for the City of Aurora , the Village of | 16 |
| Milan ,
and the City of West Frankfort , and the Village of | 17 |
| Libertyville set forth under items item (67) ,
and (68) , (69), | 18 |
| and (70) of subsection (c) of this Section.
| 19 |
| (Source: P.A. 95-932, eff. 8-26-08; 95-964, eff. 9-23-08; | 20 |
| incorporates P.A. 95-777, eff. 9-22-08; revised 10-14-08.) | 21 |
| (Text of Section after amendment by P.A. 95-1028 ) | 22 |
| Sec. 11-74.4-3.5. Completion dates for redevelopment | 23 |
| projects. | 24 |
| (a) Unless otherwise stated in this Section, the estimated | 25 |
| dates of completion
of the redevelopment project and retirement |
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HB1345 Enrolled |
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LRB096 08462 JAM 18581 b |
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| of obligations issued to finance
redevelopment project costs | 2 |
| (including refunding bonds under Section 11-74.4-7) may not be
| 3 |
| later than December 31 of the year in which the payment to the | 4 |
| municipal
treasurer, as provided in subsection (b) of Section | 5 |
| 11-74.4-8 of this Act, is to
be made with respect to ad valorem | 6 |
| taxes levied in the 23rd
calendar year after the year in which | 7 |
| the ordinance approving the
redevelopment project area was | 8 |
| adopted if the ordinance was adopted on or after
January 15, | 9 |
| 1981. | 10 |
| (b) The estimated dates of completion
of the redevelopment | 11 |
| project and retirement of obligations issued to finance
| 12 |
| redevelopment project costs (including refunding bonds under | 13 |
| Section 11-74.4-7) may not be later than December 31 of the | 14 |
| year in which the payment to the municipal
treasurer as | 15 |
| provided in subsection (b) of Section 11-74.4-8 of this Act is | 16 |
| to
be made with respect to ad valorem taxes levied in the 33rd | 17 |
| calendar
year after the year in which the ordinance approving | 18 |
| the
redevelopment project area was adopted, if the ordinance | 19 |
| was adopted on May 20, 1985 by the Village of Wheeling. | 20 |
| (c) The estimated dates of completion
of the redevelopment | 21 |
| project and retirement of obligations issued to finance
| 22 |
| redevelopment project costs (including refunding bonds under | 23 |
| Section 11-74.4-7) may not be later than December 31 of the | 24 |
| year in which the payment to the municipal
treasurer as | 25 |
| provided in subsection (b) of Section 11-74.4-8 of this Act is | 26 |
| to
be made with respect to ad valorem taxes levied in the 35th |
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HB1345 Enrolled |
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LRB096 08462 JAM 18581 b |
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| calendar
year after the year in which the ordinance approving | 2 |
| the
redevelopment project area was adopted: | 3 |
| (1) if the ordinance was adopted before January 15, | 4 |
| 1981; | 5 |
| (2) if the ordinance was adopted in December 1983, | 6 |
| April 1984, July 1985,
or December 1989; | 7 |
| (3) if the ordinance was adopted in December 1987 and | 8 |
| the redevelopment
project is located within one mile of | 9 |
| Midway Airport; | 10 |
| (4) if the ordinance was adopted before January 1, 1987 | 11 |
| by a municipality in
Mason County; | 12 |
| (5) if the municipality is subject to the Local | 13 |
| Government Financial Planning
and Supervision Act or the | 14 |
| Financially Distressed City Law; | 15 |
| (6) if the ordinance was adopted in December 1984 by | 16 |
| the Village of Rosemont; | 17 |
| (7) if the ordinance was adopted on December 31, 1986 | 18 |
| by a municipality
located in Clinton County for which at | 19 |
| least $250,000 of tax increment
bonds were authorized on | 20 |
| June 17, 1997, or if the ordinance was adopted on
December | 21 |
| 31, 1986 by a municipality with a population in 1990 of | 22 |
| less than
3,600 that is located in a county with a | 23 |
| population in 1990 of less than
34,000 and for which at | 24 |
| least $250,000 of tax increment bonds were authorized
on | 25 |
| June 17, 1997; | 26 |
| (8) if the ordinance was adopted on October 5, 1982 by |
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HB1345 Enrolled |
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LRB096 08462 JAM 18581 b |
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| the City of Kankakee, or if the ordinance was adopted on | 2 |
| December 29, 1986 by East St. Louis; | 3 |
| (9) if
the ordinance was adopted on November 12, 1991 | 4 |
| by the Village of Sauget; | 5 |
| (10) if the ordinance was
adopted on February 11, 1985 | 6 |
| by the City of Rock Island; | 7 |
| (11) if the ordinance was adopted before December 18, | 8 |
| 1986 by the City of
Moline; | 9 |
| (12) if the ordinance was adopted in September 1988 by | 10 |
| Sauk Village; | 11 |
| (13) if the ordinance was adopted in October 1993 by | 12 |
| Sauk Village; | 13 |
| (14) if the ordinance was adopted on December 29, 1986 | 14 |
| by the City of Galva; | 15 |
| (15) if the ordinance was adopted in March 1991 by the | 16 |
| City of Centreville; | 17 |
| (16) if the ordinance was adopted on January 23, 1991
| 18 |
| by the City of East St. Louis; | 19 |
| (17) if the ordinance was adopted on December 22, 1986 | 20 |
| by the City of Aledo; | 21 |
| (18) if the ordinance was adopted on February 5, 1990 | 22 |
| by the City of Clinton; | 23 |
| (19) if the ordinance was adopted on September 6, 1994 | 24 |
| by the City of Freeport; | 25 |
| (20) if the ordinance was adopted on December 22, 1986 | 26 |
| by the City of Tuscola; |
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|
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HB1345 Enrolled |
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LRB096 08462 JAM 18581 b |
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| (21) if the ordinance was adopted on December 23, 1986 | 2 |
| by the City of Sparta; | 3 |
| (22) if the ordinance was adopted on December 23, 1986 | 4 |
| by the City of
Beardstown; | 5 |
| (23) if the ordinance was adopted on April 27, 1981, | 6 |
| October 21, 1985, or
December 30, 1986 by the City of | 7 |
| Belleville; | 8 |
| (24) if the ordinance was adopted on December 29, 1986 | 9 |
| by the City of
Collinsville; | 10 |
| (25) if the ordinance was adopted on September 14, 1994 | 11 |
| by the
City of Alton; | 12 |
| (26) if the ordinance was adopted on November 11, 1996 | 13 |
| by the
City of Lexington; | 14 |
| (27) if the ordinance was adopted on November 5, 1984 | 15 |
| by
the City of LeRoy; | 16 |
| (28) if the ordinance was adopted on April 3, 1991 or
| 17 |
| June 3, 1992 by the City of Markham; | 18 |
| (29) if the ordinance was adopted on November 11, 1986 | 19 |
| by the City of Pekin; | 20 |
| (30) if the ordinance was adopted on December 15, 1981 | 21 |
| by the City of Champaign; | 22 |
| (31) if the ordinance was adopted on December 15, 1986 | 23 |
| by the City of Urbana; | 24 |
| (32) if the ordinance was adopted on December 15, 1986 | 25 |
| by the Village of Heyworth; | 26 |
| (33) if the ordinance was adopted on February 24, 1992 |
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HB1345 Enrolled |
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LRB096 08462 JAM 18581 b |
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| 1 |
| by the Village of Heyworth; | 2 |
| (34) if the ordinance was adopted on March 16, 1995 by | 3 |
| the Village of Heyworth; | 4 |
| (35) if the ordinance was adopted on December 23, 1986 | 5 |
| by the Town of Cicero; | 6 |
| (36) if the ordinance was adopted on December 30, 1986 | 7 |
| by the City of Effingham; | 8 |
| (37) if the ordinance was adopted on May 9, 1991 by the | 9 |
| Village of
Tilton; | 10 |
| (38) if the ordinance was adopted on October 20, 1986 | 11 |
| by the City of Elmhurst; | 12 |
| (39) if the ordinance was adopted on January 19, 1988 | 13 |
| by the City of
Waukegan; | 14 |
| (40) if the ordinance was adopted on September 21, 1998 | 15 |
| by the City of
Waukegan; | 16 |
| (41) if the ordinance was adopted on December 31, 1986 | 17 |
| by the City of Sullivan; | 18 |
| (42) if the ordinance was adopted on December 23, 1991 | 19 |
| by the City of Sullivan; | 20 |
| (43) if the ordinance was adopted on December 31, 1986 | 21 |
| by the City of Oglesby; | 22 |
| (44) if the ordinance was adopted on July 28, 1987 by | 23 |
| the City of Marion; | 24 |
| (45) if the ordinance was adopted on April 23, 1990 by | 25 |
| the City of Marion; | 26 |
| (46) if the ordinance was adopted on August 20, 1985 by |
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HB1345 Enrolled |
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LRB096 08462 JAM 18581 b |
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| the Village of Mount Prospect; | 2 |
| (47) if the ordinance was adopted on February 2, 1998 | 3 |
| by the Village of Woodhull; | 4 |
| (48) if the ordinance was adopted on April 20, 1993 by | 5 |
| the Village of Princeville; | 6 |
| (49) if the ordinance was adopted on July 1, 1986 by | 7 |
| the City of Granite City; | 8 |
| (50) if the ordinance was adopted on February 2, 1989 | 9 |
| by the Village of Lombard; | 10 |
| (51) if the ordinance was adopted on December 29, 1986 | 11 |
| by the Village of Gardner; | 12 |
| (52) if the ordinance was adopted on July 14, 1999 by | 13 |
| the Village of Paw Paw; | 14 |
| (53) if the ordinance was adopted on November 17, 1986 | 15 |
| by the Village of Franklin Park; | 16 |
| (54) if the ordinance was adopted on November 20, 1989 | 17 |
| by the Village of South Holland; | 18 |
| (55) if the ordinance was adopted on July 14, 1992 by | 19 |
| the Village of Riverdale; | 20 |
| (56) if the ordinance was adopted on December 29, 1986 | 21 |
| by the City of Galesburg; | 22 |
| (57) if the ordinance was adopted on April 1, 1985 by | 23 |
| the City of Galesburg; | 24 |
| (58) if the ordinance was adopted on May 21, 1990 by | 25 |
| the City of West Chicago; | 26 |
| (59) if the ordinance was adopted on December 16, 1986 |
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|
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HB1345 Enrolled |
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LRB096 08462 JAM 18581 b |
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| 1 |
| by the City of Oak Forest; | 2 |
| (60) if the ordinance was adopted in 1999 by the City | 3 |
| of Villa Grove; | 4 |
| (61) if the ordinance was adopted on January 13, 1987 | 5 |
| by the Village of Mt. Zion; | 6 |
| (62) if the ordinance was adopted on December 30, 1986 | 7 |
| by the Village of Manteno; | 8 |
| (63) if the ordinance was adopted on April 3, 1989 by | 9 |
| the City of Chicago Heights; | 10 |
| (64) if the ordinance was adopted on January 6, 1999 by | 11 |
| the Village of Rosemont; | 12 |
| (65) if the ordinance was adopted on December 19, 2000 | 13 |
| by the Village of Stone Park; | 14 |
| (66) if the ordinance was adopted on December 22, 1986 | 15 |
| by the City of DeKalb; or | 16 |
| (67) if the ordinance was adopted on December 2, 1986 | 17 |
| by the City of Aurora ; .
| 18 |
| (68)
(67) if the ordinance was adopted on December 31, | 19 |
| 1986 by the Village of Milan; or | 20 |
| (69)
(68) if the ordinance was adopted on September 8, | 21 |
| 1994 by the City of West Frankfort ; . | 22 |
| (70) if the ordinance was adopted on December 23, 1986 | 23 |
| by the Village of Libertyville; | 24 |
| (71) if the ordinance was adopted on December 22, 1986 | 25 |
| by the Village of Hoffman Estates;
| 26 |
| (72) if the ordinance was adopted on November 6, 2002 |
|
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HB1345 Enrolled |
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LRB096 08462 JAM 18581 b |
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| 1 |
| by the City of Chicago to create the Madden/Wells TIF | 2 |
| District; | 3 |
| (73) if the ordinance was adopted on November 4, 1998 | 4 |
| by the City of Chicago to create the Roosevelt/Racine TIF | 5 |
| District; | 6 |
| (74) if the ordinance was adopted on June 10, 1998 by | 7 |
| the City of Chicago to create the Stony Island | 8 |
| Commercial/Burnside Industrial Corridors TIF District; or | 9 |
| (75) if the ordinance was adopted on November 29, 1989 | 10 |
| by the City of Chicago to create the Englewood Mall TIF | 11 |
| District. | 12 |
| (d) For redevelopment project areas for which bonds were | 13 |
| issued before
July 29, 1991, or for which contracts were | 14 |
| entered into before June 1,
1988, in connection with a | 15 |
| redevelopment project in the area within
the State Sales Tax | 16 |
| Boundary, the estimated dates of completion of the
| 17 |
| redevelopment project and retirement of obligations to finance | 18 |
| redevelopment
project costs (including refunding bonds under | 19 |
| Section 11-74.4-7) may be extended by municipal ordinance to | 20 |
| December 31, 2013.
The termination procedures of subsection (b) | 21 |
| of Section 11-74.4-8 are not
required for
these redevelopment | 22 |
| project areas in 2009 but are required in 2013.
The extension | 23 |
| allowed by Public Act 87-1272 shall not apply to real
property | 24 |
| tax increment allocation financing under Section 11-74.4-8. | 25 |
| (e) Those dates, for purposes of real property tax | 26 |
| increment allocation
financing pursuant to Section 11-74.4-8 |
|
|
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HB1345 Enrolled |
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LRB096 08462 JAM 18581 b |
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| 1 |
| only, shall be not more than 35 years
for redevelopment project | 2 |
| areas that were adopted on or after December 16,
1986 and for | 3 |
| which at least $8 million worth of municipal bonds were | 4 |
| authorized
on or after December 19, 1989 but before January 1, | 5 |
| 1990; provided that the
municipality elects to extend the life | 6 |
| of the redevelopment project area to 35
years by the adoption | 7 |
| of an ordinance after at least 14 but not more than 30
days' | 8 |
| written notice to the taxing bodies, that would otherwise | 9 |
| constitute the
joint review board for the redevelopment project | 10 |
| area, before the adoption of
the ordinance. | 11 |
| (f) Those dates, for purposes of real property tax | 12 |
| increment allocation
financing pursuant to Section 11-74.4-8 | 13 |
| only, shall be not more than 35 years
for redevelopment project | 14 |
| areas that were established on or after December 1,
1981 but | 15 |
| before January 1, 1982 and for which at least $1,500,000 worth | 16 |
| of
tax increment revenue bonds were authorized
on or after | 17 |
| September 30, 1990 but before July 1, 1991; provided that the
| 18 |
| municipality elects to extend the life of the redevelopment | 19 |
| project area to 35
years by the adoption of an ordinance after | 20 |
| at least 14 but not more than 30
days' written notice to the | 21 |
| taxing bodies, that would otherwise constitute the
joint review | 22 |
| board for the redevelopment project area, before the adoption | 23 |
| of
the ordinance. | 24 |
| (g) In consolidating the material relating to completion | 25 |
| dates from Sections 11-74.4-3 and 11-74.4-7 into this Section, | 26 |
| it is not the intent of the 95th General Assembly to make any |
|
|
|
HB1345 Enrolled |
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LRB096 08462 JAM 18581 b |
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| 1 |
| substantive change in the law, except for the extension of the | 2 |
| completion dates date for the City of Aurora , the Village of | 3 |
| Milan ,
and the City of West Frankfort , the Village of | 4 |
| Libertyville, and the Village of Hoffman Estates set forth | 5 |
| under items item (67) ,
and (68) , (69), (70), and (71) of | 6 |
| subsection (c) of this Section.
| 7 |
| (Source: P.A. 95-932, eff. 8-26-08; 95-964, eff. 9-23-08; | 8 |
| incorporates P.A. 95-777, eff. 9-22-08, and 95-1028, eff. | 9 |
| 1-1-10; revised 1-27-09.) | 10 |
| (65 ILCS 5/11-74.4-8d new)
| 11 |
| Sec. 11-74.4-8d. Website postings; municipalities of | 12 |
| 1,000,000 or more. | 13 |
| (a) In any municipality with a population of 1,000,000 or | 14 |
| more, the following shall be posted on a website maintained by | 15 |
| the municipality: | 16 |
| (1) Any ordinance designating a redevelopment project | 17 |
| area or approving a redevelopment plan, redevelopment | 18 |
| project, or redevelopment agreement pursuant to this | 19 |
| Division 74.4, including all attachments, and any | 20 |
| amendments thereto. | 21 |
| (2) Written staff reports presented to a board created | 22 |
| in subsection (k) of Section 11-74.4-4. | 23 |
| (3) The information required to be submitted pursuant | 24 |
| to subsection (d) of Section 11-74.4-5 and any other | 25 |
| overviews prepared by the municipality relating to |
|
|
|
HB1345 Enrolled |
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LRB096 08462 JAM 18581 b |
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| 1 |
| redevelopment or financing pursuant to this Division 74.4. | 2 |
| (4) Any certificates of completion issued by the | 3 |
| municipality or annual employment certifications received | 4 |
| by the municipality pursuant to a redevelopment agreement. | 5 |
| (b) Except as provided in subsection (c), all ordinances | 6 |
| described in paragraph (1) of subsection (a) of this Section | 7 |
| shall be made available on the website within 7 business days | 8 |
| after the ordinance is passed and published by the | 9 |
| municipality. Except as provided in subsection (c), all | 10 |
| documents described in paragraphs (2), (3), and (4) of | 11 |
| subsection (a) of this Section shall be made available on the | 12 |
| website within 14 business days after the document has been | 13 |
| completed in final form. | 14 |
| (c) The requirements of this Section apply with respect to | 15 |
| any redevelopment project area designated or amended on or | 16 |
| after July 30, 2004. The ordinances and documents that passed | 17 |
| or were completed prior to the effective date of this | 18 |
| amendatory Act of the 96th General Assembly shall be made | 19 |
| available on the website no later than 30 days after that | 20 |
| effective date.
| 21 |
| Section 95. No acceleration or delay. Where this Act makes | 22 |
| changes in a statute that is represented in this Act by text | 23 |
| that is not yet or no longer in effect (for example, a Section | 24 |
| represented by multiple versions), the use of that text does | 25 |
| not accelerate or delay the taking effect of (i) the changes |
|
|
|
HB1345 Enrolled |
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LRB096 08462 JAM 18581 b |
|
| 1 |
| made by this Act or (ii) provisions derived from any other | 2 |
| Public Act. | 3 |
| Section 99. Effective date. This Act takes effect upon | 4 |
| becoming law. |
|