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| | 99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016 HB1425 Introduced , by Rep. Robert Rita SYNOPSIS AS INTRODUCED: |
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Amends the Illinois Municipal Code. Creates a tax increment allocation financing extension for an ordinance adopted on May 2, 2002 by the Village of Crestwood. Makes technical changes. Effective immediately.
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| | FISCAL NOTE ACT MAY APPLY | | HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY |
| | A BILL FOR |
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| | HB1425 | | LRB099 06175 AWJ 26233 b |
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1 | | AN ACT concerning local government.
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2 | | Be it enacted by the People of the State of Illinois,
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3 | | represented in the General Assembly:
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4 | | Section 5. The Illinois Municipal Code is amended by |
5 | | changing Section 11-74.4-3.5 as follows:
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6 | | (65 ILCS 5/11-74.4-3.5)
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7 | | Sec. 11-74.4-3.5. Completion dates for redevelopment |
8 | | projects. |
9 | | (a) Unless otherwise stated in this Section, the estimated |
10 | | dates of completion
of the redevelopment project and retirement |
11 | | of obligations issued to finance
redevelopment project costs |
12 | | (including refunding bonds under Section 11-74.4-7) may not be
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13 | | later than December 31 of the year in which the payment to the |
14 | | municipal
treasurer, as provided in subsection (b) of Section |
15 | | 11-74.4-8 of this Act, is to
be made with respect to ad valorem |
16 | | taxes levied in the 23rd
calendar year after the year in which |
17 | | the ordinance approving the
redevelopment project area was |
18 | | adopted if the ordinance was adopted on or after
January 15, |
19 | | 1981. |
20 | | (b) 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 |
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1 | | year in which the payment to the municipal treasurer as |
2 | | provided in subsection (b) of Section 11-74.4-8 of this Act is |
3 | | to be made with respect to ad valorem taxes levied in the 32nd |
4 | | calendar year after the year in which the ordinance approving |
5 | | the redevelopment project area was adopted if the ordinance was |
6 | | adopted on September 9, 1999 by the Village of Downs. |
7 | | The estimated dates of completion
of the redevelopment |
8 | | project and retirement of obligations issued to finance
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9 | | redevelopment project costs (including refunding bonds under |
10 | | Section 11-74.4-7) may not be later than December 31 of the |
11 | | year in which the payment to the municipal
treasurer as |
12 | | provided in subsection (b) of Section 11-74.4-8 of this Act is |
13 | | to
be made with respect to ad valorem taxes levied in the 33rd |
14 | | calendar
year after the year in which the ordinance approving |
15 | | the
redevelopment project area was adopted if the ordinance was |
16 | | adopted on May 20, 1985 by the Village of Wheeling. |
17 | | The estimated dates of completion of the redevelopment |
18 | | project and retirement of obligations issued to finance |
19 | | redevelopment project costs (including refunding bonds under |
20 | | Section 11-74.4-7) may not be later than December 31 of the |
21 | | year in which the payment to the municipal treasurer as |
22 | | provided in subsection (b) of Section 11-74.4-8 of this Act is |
23 | | to be made with respect to ad valorem taxes levied in the 28th |
24 | | calendar year after the year in which the ordinance approving |
25 | | the redevelopment project area was adopted if the ordinance was |
26 | | adopted on October 12, 1989 by the City of Lawrenceville. |
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1 | | (c) The estimated dates of completion
of the redevelopment |
2 | | project and retirement of obligations issued to finance
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3 | | redevelopment project costs (including refunding bonds under |
4 | | Section 11-74.4-7) may not be later than December 31 of the |
5 | | year in which the payment to the municipal
treasurer as |
6 | | provided in subsection (b) of Section 11-74.4-8 of this Act is |
7 | | to
be made with respect to ad valorem taxes levied in the 35th |
8 | | calendar
year after the year in which the ordinance approving |
9 | | the
redevelopment project area was adopted: |
10 | | (1) If if the ordinance was adopted before January 15, |
11 | | 1981 . ; |
12 | | (2) If if the ordinance was adopted in December 1983, |
13 | | April 1984, July 1985,
or December 1989 . ; |
14 | | (3) If if the ordinance was adopted in December 1987 |
15 | | and the redevelopment
project is located within one mile of |
16 | | Midway Airport . ; |
17 | | (4) If if the ordinance was adopted before January 1, |
18 | | 1987 by a municipality in
Mason County . ; |
19 | | (5) If if the municipality is subject to the Local |
20 | | Government Financial Planning
and Supervision Act or the |
21 | | Financially Distressed City Law . ; |
22 | | (6) If if the ordinance was adopted in December 1984 by |
23 | | the Village of Rosemont . ; |
24 | | (7) If if the ordinance was adopted on December 31, |
25 | | 1986 by a municipality
located in Clinton County for which |
26 | | at least $250,000 of tax increment
bonds were authorized on |
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1 | | June 17, 1997, or if the ordinance was adopted on
December |
2 | | 31, 1986 by a municipality with a population in 1990 of |
3 | | less than
3,600 that is located in a county with a |
4 | | population in 1990 of less than
34,000 and for which at |
5 | | least $250,000 of tax increment bonds were authorized
on |
6 | | June 17, 1997 . ; |
7 | | (8) If if the ordinance was adopted on October 5, 1982 |
8 | | by the City of Kankakee, or if the ordinance was adopted on |
9 | | December 29, 1986 by East St. Louis . ; |
10 | | (9) If if
the ordinance was adopted on November 12, |
11 | | 1991 by the Village of Sauget . ; |
12 | | (10) If if the ordinance was
adopted on February 11, |
13 | | 1985 by the City of Rock Island . ; |
14 | | (11) If if the ordinance was adopted before December |
15 | | 18, 1986 by the City of
Moline . ; |
16 | | (12) If if the ordinance was adopted in September 1988 |
17 | | by Sauk Village . ; |
18 | | (13) If if the ordinance was adopted in October 1993 by |
19 | | Sauk Village . ; |
20 | | (14) If if the ordinance was adopted on December 29, |
21 | | 1986 by the City of Galva . ; |
22 | | (15) If if the ordinance was adopted in March 1991 by |
23 | | the City of Centreville . ; |
24 | | (16) If if the ordinance was adopted on January 23, |
25 | | 1991
by the City of East St. Louis . ; |
26 | | (17) If if the ordinance was adopted on December 22, |
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1 | | 1986 by the City of Aledo . ; |
2 | | (18) If if the ordinance was adopted on February 5, |
3 | | 1990 by the City of Clinton . ; |
4 | | (19) If if the ordinance was adopted on September 6, |
5 | | 1994 by the City of Freeport . ; |
6 | | (20) If if the ordinance was adopted on December 22, |
7 | | 1986 by the City of Tuscola . ; |
8 | | (21) If if the ordinance was adopted on December 23, |
9 | | 1986 by the City of Sparta . ; |
10 | | (22) If if the ordinance was adopted on December 23, |
11 | | 1986 by the City of
Beardstown . ; |
12 | | (23) If if the ordinance was adopted on April 27, 1981, |
13 | | October 21, 1985, or
December 30, 1986 by the City of |
14 | | Belleville . ; |
15 | | (24) If if the ordinance was adopted on December 29, |
16 | | 1986 by the City of
Collinsville . ; |
17 | | (25) If if the ordinance was adopted on September 14, |
18 | | 1994 by the
City of Alton . ; |
19 | | (26) If if the ordinance was adopted on November 11, |
20 | | 1996 by the
City of Lexington . ; |
21 | | (27) If if the ordinance was adopted on November 5, |
22 | | 1984 by
the City of LeRoy . ; |
23 | | (28) If if the ordinance was adopted on April 3, 1991 |
24 | | or
June 3, 1992 by the City of Markham . ; |
25 | | (29) If if the ordinance was adopted on November 11, |
26 | | 1986 by the City of Pekin . ; |
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1 | | (30) If if the ordinance was adopted on December 15, |
2 | | 1981 by the City of Champaign . ; |
3 | | (31) If if the ordinance was adopted on December 15, |
4 | | 1986 by the City of Urbana . ; |
5 | | (32) If if the ordinance was adopted on December 15, |
6 | | 1986 by the Village of Heyworth . ; |
7 | | (33) If if the ordinance was adopted on February 24, |
8 | | 1992 by the Village of Heyworth . ; |
9 | | (34) If if the ordinance was adopted on March 16, 1995 |
10 | | by the Village of Heyworth . ; |
11 | | (35) If if the ordinance was adopted on December 23, |
12 | | 1986 by the Town of Cicero . ; |
13 | | (36) If if the ordinance was adopted on December 30, |
14 | | 1986 by the City of Effingham . ; |
15 | | (37) If if the ordinance was adopted on May 9, 1991 by |
16 | | the Village of
Tilton . ; |
17 | | (38) If if the ordinance was adopted on October 20, |
18 | | 1986 by the City of Elmhurst . ; |
19 | | (39) If if the ordinance was adopted on January 19, |
20 | | 1988 by the City of
Waukegan . ; |
21 | | (40) If if the ordinance was adopted on September 21, |
22 | | 1998 by the City of
Waukegan . ; |
23 | | (41) If if the ordinance was adopted on December 31, |
24 | | 1986 by the City of Sullivan . ; |
25 | | (42) If if the ordinance was adopted on December 23, |
26 | | 1991 by the City of Sullivan . ; |
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1 | | (43) If if the ordinance was adopted on December 31, |
2 | | 1986 by the City of Oglesby . ; |
3 | | (44) If if the ordinance was adopted on July 28, 1987 |
4 | | by the City of Marion . ; |
5 | | (45) If if the ordinance was adopted on April 23, 1990 |
6 | | by the City of Marion . ; |
7 | | (46) If if the ordinance was adopted on August 20, 1985 |
8 | | by the Village of Mount Prospect . ; |
9 | | (47) If if the ordinance was adopted on February 2, |
10 | | 1998 by the Village of Woodhull . ; |
11 | | (48) If if the ordinance was adopted on April 20, 1993 |
12 | | by the Village of Princeville . ; |
13 | | (49) If if the ordinance was adopted on July 1, 1986 by |
14 | | the City of Granite City . ; |
15 | | (50) If if the ordinance was adopted on February 2, |
16 | | 1989 by the Village of Lombard . ; |
17 | | (51) If if the ordinance was adopted on December 29, |
18 | | 1986 by the Village of Gardner . ; |
19 | | (52) If if the ordinance was adopted on July 14, 1999 |
20 | | by the Village of Paw Paw . ; |
21 | | (53) If if the ordinance was adopted on November 17, |
22 | | 1986 by the Village of Franklin Park . ; |
23 | | (54) If if the ordinance was adopted on November 20, |
24 | | 1989 by the Village of South Holland . ; |
25 | | (55) If if the ordinance was adopted on July 14, 1992 |
26 | | by the Village of Riverdale . ; |
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1 | | (56) If if the ordinance was adopted on December 29, |
2 | | 1986 by the City of Galesburg . ; |
3 | | (57) If if the ordinance was adopted on April 1, 1985 |
4 | | by the City of Galesburg . ; |
5 | | (58) If if the ordinance was adopted on May 21, 1990 by |
6 | | the City of West Chicago . ; |
7 | | (59) If if the ordinance was adopted on December 16, |
8 | | 1986 by the City of Oak Forest . ; |
9 | | (60) If if the ordinance was adopted in 1999 by the |
10 | | City of Villa Grove . ; |
11 | | (61) If if the ordinance was adopted on January 13, |
12 | | 1987 by the Village of Mt. Zion . ; |
13 | | (62) If if the ordinance was adopted on December 30, |
14 | | 1986 by the Village of Manteno . ; |
15 | | (63) If if the ordinance was adopted on April 3, 1989 |
16 | | by the City of Chicago Heights . ; |
17 | | (64) If if the ordinance was adopted on January 6, 1999 |
18 | | by the Village of Rosemont . ; |
19 | | (65) If if the ordinance was adopted on December 19, |
20 | | 2000 by the Village of Stone Park . ; |
21 | | (66) If if the ordinance was adopted on December 22, |
22 | | 1986 by the City of DeKalb . ; |
23 | | (67) If if the ordinance was adopted on December 2, |
24 | | 1986 by the City of Aurora . ;
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25 | | (68)
If if the ordinance was adopted on December 31, |
26 | | 1986 by the Village of Milan . ; |
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1 | | (69)
If if the ordinance was adopted on September 8, |
2 | | 1994 by the City of West Frankfort . ; |
3 | | (70) If if the ordinance was adopted on December 23, |
4 | | 1986 by the Village of Libertyville . ; |
5 | | (71) If if the ordinance was adopted on December 22, |
6 | | 1986 by the Village of Hoffman Estates . ;
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7 | | (72) If if the ordinance was adopted on September 17, |
8 | | 1986 by the Village of Sherman . ;
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9 | | (73) If if the ordinance was adopted on December 16, |
10 | | 1986 by the City of Macomb . ; |
11 | | (74) If if the ordinance was adopted on June 11, 2002 |
12 | | by the City of East Peoria to create the West Washington |
13 | | Street TIF . ; |
14 | | (75) If if the ordinance was adopted on June 11, 2002 |
15 | | by the City of East Peoria to create the Camp Street TIF . ;
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16 | | (76) If if the ordinance was adopted on August 7, 2000 |
17 | | by the City of Des Plaines . ; |
18 | | (77) If if the ordinance was adopted on December 22, |
19 | | 1986 by the City of Washington to create the Washington |
20 | | Square TIF #2 . ; |
21 | | (78) If if the ordinance was adopted on December 29, |
22 | | 1986 by the City of Morris . ;
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23 | | (79) If if the ordinance was adopted on July 6, 1998 by |
24 | | the Village of Steeleville . ; |
25 | | (80) If if the ordinance was adopted on December 29, |
26 | | 1986 by the City of Pontiac to create TIF I (the Main St |
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1 | | TIF) . ; |
2 | | (81) If if the ordinance was adopted on December 29, |
3 | | 1986 by the City of Pontiac to create TIF II (the |
4 | | Interstate TIF) . ; |
5 | | (82) If if the ordinance was adopted on November 6, |
6 | | 2002 by the City of Chicago to create the Madden/Wells TIF |
7 | | District . ; |
8 | | (83) If if the ordinance was adopted on November 4, |
9 | | 1998 by the City of Chicago to create the Roosevelt/Racine |
10 | | TIF District . ; |
11 | | (84) If if the ordinance was adopted on June 10, 1998 |
12 | | by the City of Chicago to create the Stony Island |
13 | | Commercial/Burnside Industrial Corridors TIF District . ; |
14 | | (85) If if the ordinance was adopted on November 29, |
15 | | 1989 by the City of Chicago to create the Englewood Mall |
16 | | TIF District . ; |
17 | | (86) If if the ordinance was adopted on December 27, |
18 | | 1986 by the City of Mendota . ; |
19 | | (87) If if the ordinance was adopted on December 31, |
20 | | 1986 by the Village of Cahokia . ; |
21 | | (88) If if the ordinance was adopted on September 20, |
22 | | 1999 by the City of Belleville . ; |
23 | | (89) If if the ordinance was adopted on December 30, |
24 | | 1986 by the Village of Bellevue to create the Bellevue TIF |
25 | | District 1 . ; |
26 | | (90) If if the ordinance was adopted on December 13, |
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1 | | 1993 by the Village of Crete . ; |
2 | | (91) If if the ordinance was adopted on February 12, |
3 | | 2001 by the Village of Crete . ; |
4 | | (92) If if the ordinance was adopted on April 23, 2001 |
5 | | by the Village of Crete . ; |
6 | | (93) If if the ordinance was adopted on December 16, |
7 | | 1986 by the City of Champaign . ; |
8 | | (94) If if the ordinance was adopted on December 20, |
9 | | 1986 by the City of Charleston . ; |
10 | | (95) If if the ordinance was adopted on June 6, 1989 by |
11 | | the Village of Romeoville . ; |
12 | | (96) If if the ordinance was adopted on October 14, |
13 | | 1993 and amended on August 2, 2010 by the City of Venice . ; |
14 | | (97) If if the ordinance was adopted on June 1, 1994 by |
15 | | the City of Markham . ; |
16 | | (98) If if the ordinance was adopted on May 19, 1998 by |
17 | | the Village of Bensenville . ; |
18 | | (99) If if the ordinance was adopted on November 12, |
19 | | 1987 by the City of Dixon . ; |
20 | | (100) If if the ordinance was adopted on December 20, |
21 | | 1988 by the Village of Lansing . ; |
22 | | (101) If if the ordinance was adopted on October 27, |
23 | | 1998 by the City of Moline . ; |
24 | | (102) If if the ordinance was adopted on May 21, 1991 |
25 | | by the Village of Glenwood . ; |
26 | | (103) If if the ordinance was adopted on January 28, |
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1 | | 1992 by the City of East Peoria . ; |
2 | | (104) If if the ordinance was adopted on December 14, |
3 | | 1998 by the City of Carlyle . ; |
4 | | (105) If if the ordinance was adopted on May 17, 2000, |
5 | | as subsequently amended, by the City of Chicago to create |
6 | | the Midwest Redevelopment TIF District . ; |
7 | | (106) If if the ordinance was adopted on September 13, |
8 | | 1989 by the City of Chicago to create the Michigan/Cermak |
9 | | Area TIF District . ; |
10 | | (107) If if the ordinance was adopted on March 30, 1992 |
11 | | by the Village of Ohio . ; |
12 | | (108) If if the ordinance was adopted on July 6, 1998 |
13 | | by the Village of Orangeville . ; or |
14 | | (109) If if the ordinance was adopted on December 16, |
15 | | 1997 by the Village of Germantown . ; |
16 | | (110) If if the ordinance was adopted on April 28, 2003 |
17 | | by Gibson City . ; |
18 | | (111) If if the ordinance was adopted on December 18, |
19 | | 1990 by the Village of Washington Park, but only after the |
20 | | Village of Washington Park becomes compliant with the |
21 | | reporting requirements under subsection (d) of Section |
22 | | 11-74.4-5, and after the State Comptroller's certification |
23 | | of such compliance . ; |
24 | | (112) If if the ordinance was adopted on February 28, |
25 | | 2000 by the City of Harvey . ; and or |
26 | | (113) If if the ordinance was adopted on January 11, |
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1 | | 1991 by the City of Chicago to create the Read/Dunning TIF |
2 | | District . ; |
3 | | (114) If if the ordinance was adopted on July 24, 1991 |
4 | | by the City of Chicago to create the Sanitary and Ship |
5 | | Canal TIF District . ; or |
6 | | (115) If if the ordinance was adopted on December 4, |
7 | | 2007 by the City of Naperville. |
8 | | (116) If (109) if the ordinance was adopted on July 1, |
9 | | 2002 by the Village of Arlington Heights. |
10 | | (117) If (113) if the ordinance was adopted on February |
11 | | 11, 1991 by the Village of Machesney Park. |
12 | | (118) If (113) if the ordinance was adopted on December |
13 | | 29, 1993 by the City of Ottawa. |
14 | | (119) If the ordinance was adopted on May 2, 2002 by |
15 | | the Village of Crestwood. |
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
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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
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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 General Assembly to make any |
5 | | substantive change in the law, except for the extension of the |
6 | | completion dates for the City of Aurora, the Village of Milan,
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7 | | the City of West Frankfort, the Village of Libertyville, and |
8 | | the Village of Hoffman Estates set forth under items (67),
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9 | | (68), (69), (70), and (71) of subsection (c) of this Section. |
10 | | (Source: P.A. 97-93, eff. 1-1-12; 97-372, eff. 8-15-11; 97-600, |
11 | | eff. 8-26-11; 97-633, eff. 12-16-11; 97-635, eff. 12-16-11; |
12 | | 97-807, eff. 7-13-12; 97-1114, eff. 8-27-12; 98-109, eff. |
13 | | 7-25-13; 98-135, eff. 8-2-13; 98-230, eff. 8-9-13; 98-463, eff. |
14 | | 8-16-13; 98-614, eff. 12-27-13; 98-667, eff. 6-25-14; 98-889, |
15 | | eff. 8-15-14; 98-893, eff. 8-15-14; 98-1064, eff. 8-26-14; |
16 | | revised 9-10-14.)
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17 | | Section 99. Effective date. This Act takes effect upon |
18 | | becoming law.
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