(315 ILCS 20/3-3) (from Ch. 67 1/2, par. 253-3)
Sec. 3-3.
"Development Cost" means the amount determined, either
prospectively or otherwise, by the Redevelopment Commission to be the
actual cost of the Development and includes, among other costs, the costs
of planning the Development, including preliminary studies and surveys,
neighborhood planning, and architectural, engineering and legal services,
the costs of financing the Development, including carrying charges during
construction, the cost of the Real Property included in the Development,
the cost of demolition of existing structures, the costs of landscaping and
roadways, the cost of installation of water, sewer and other utility
services, the costs of construction, equipment and furnishing of buildings
and improvements, including architectural, engineering, builders' and legal
fees, the costs of reconstruction, rehabilitation, remodeling or repair of
existing buildings, improvements and of utility services, the cost of
management and operation until the Development is ready for use, and the
cost of improving that portion of the Development Area which is to be
devoted for use as a park, playground or recreation center, together with
such additions to Development Cost as result from additions to the
Development in accordance with the original Development Plan or amendments
thereto.
(Source: Laws 1947, p. 685.)
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