Illinois General Assembly - Full Text of Public Act 098-1064
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Public Act 098-1064

 

Public Act 1064 98TH GENERAL ASSEMBLY

  
  
  
 

 
Public Act 098-1064
 
HB4286 EnrolledLRB098 16115 JLK 51171 b


  
    AN ACT concerning local government.
  
 
    Be it enacted by the People of the State of Illinois,
 
represented in the General Assembly:
  



 
 
    Section 5. The Illinois Municipal Code is amended  by 
changing Section 11-74.4-3.5 as follows:
 
    (65 ILCS 5/11-74.4-3.5)
    Sec. 11-74.4-3.5. Completion dates for redevelopment 
projects.
    (a) Unless otherwise stated in this Section, the estimated 
dates of completion
of the redevelopment project and retirement 
of obligations issued to finance
redevelopment project costs 
(including refunding bonds under Section 11-74.4-7)  may not be

later than December 31 of the year in which the payment to the 
municipal
treasurer, as provided in subsection (b) of Section 
11-74.4-8 of this Act, is to
be made with respect to ad valorem 
taxes levied in the 23rd
calendar year after the year in which 
the ordinance approving the
redevelopment project area was 
adopted if the ordinance was adopted on or after
January 15, 
1981.
    (b) The estimated dates of completion of the redevelopment 
project and retirement of obligations issued to finance 
redevelopment project costs (including refunding bonds under 
Section 11-74.4-7) may not be later than December 31 of the 
year in which the payment to the municipal treasurer as 
provided in subsection (b) of Section 11-74.4-8 of this Act is 
to be made with respect to ad valorem taxes levied in the 32nd 
calendar year after the year in which the ordinance approving 
the redevelopment project area was adopted if the ordinance was 
adopted on September 9, 1999 by the Village of Downs. 
    The estimated dates of completion
of the redevelopment 
project and retirement of obligations issued to finance

redevelopment project costs (including refunding bonds under 
Section 11-74.4-7) may not be later than December 31 of the 
year in which the payment to the municipal
treasurer as 
provided in subsection (b) of Section 11-74.4-8 of this Act is 
to
be made with respect to ad valorem taxes levied in the 33rd 
calendar
year after the year in which the ordinance approving 
the
redevelopment project area was adopted if the ordinance was 
adopted on May 20, 1985 by the Village of Wheeling.
    The estimated dates of completion of the redevelopment 
project and retirement of obligations issued to finance 
redevelopment project costs (including refunding bonds under 
Section 11-74.4-7) may not be later than December 31 of the 
year in which the payment to the municipal treasurer as 
provided in subsection (b) of Section 11-74.4-8 of this Act is 
to be made with respect to ad valorem taxes levied in the 28th 
calendar year after the year in which the ordinance approving 
the redevelopment project area was adopted if the ordinance was 
adopted on October 12, 1989 by the City of Lawrenceville. 
    (c) The estimated dates of completion
of the redevelopment 
project and retirement of obligations issued to finance

redevelopment project costs (including refunding bonds under 
Section 11-74.4-7) may not be later than December 31 of the 
year in which the payment to the municipal
treasurer as 
provided in subsection (b) of Section 11-74.4-8 of this Act is 
to
be made with respect to ad valorem taxes levied in the 35th 
calendar
year after the year in which the ordinance approving 
the
redevelopment project area was adopted:
        (1) if the ordinance was adopted before January 15, 
    1981;
        (2) if the ordinance was adopted in December 1983, 
    April 1984, July 1985,
or December 1989;
        (3) if the ordinance was adopted in December 1987 and 
    the redevelopment
project is located within one mile of 
    Midway Airport;
        (4) if the ordinance was adopted before January 1, 1987 
    by a municipality in
Mason County;
        (5) if the municipality is subject to the Local 
    Government Financial Planning
and Supervision Act or the 
    Financially Distressed City Law;
        (6) if the ordinance was adopted in December 1984 by 
    the Village of Rosemont;
        (7) if the ordinance was adopted on December 31, 1986 
    by a municipality
located in Clinton County for which at 
    least $250,000 of tax increment
bonds were authorized on 
    June 17, 1997, or if the ordinance was adopted on
December 
    31, 1986 by a municipality with a population in 1990 of 
    less than
3,600 that is located in a county with a 
    population in 1990 of less than
34,000 and for which at 
    least $250,000 of tax increment bonds were authorized
on 
    June 17, 1997;
        (8) if the ordinance was adopted on October 5, 1982 by 
    the City of Kankakee, or if the ordinance was adopted on 
    December 29, 1986 by East St. Louis;
        (9) if
the ordinance was adopted on November 12, 1991 
    by the Village of Sauget;
        (10) if the ordinance was
adopted on February 11, 1985 
    by the City of Rock Island;
        (11) if the ordinance was adopted before December 18, 
    1986 by the City of
Moline;
        (12) if the ordinance was adopted in September 1988 by 
    Sauk Village;
        (13) if the ordinance was adopted in October 1993 by 
    Sauk Village;
        (14) if the ordinance was adopted on December 29, 1986 
    by the City of Galva;
        (15) if the ordinance was adopted in March 1991 by the 
    City of Centreville;
        (16) if the ordinance was adopted on January 23, 1991

    by the City of East St. Louis;
        (17) if the ordinance was adopted on December 22, 1986 
    by the City of Aledo;
        (18) if the ordinance was adopted on February 5, 1990 
    by the City of Clinton;
        (19) if the ordinance was adopted on September 6, 1994 
    by the City of Freeport;
        (20) if the ordinance was adopted on December 22, 1986 
    by the City of Tuscola;
        (21) if the ordinance was adopted on December 23, 1986 
    by the City of Sparta;
        (22) if the ordinance was adopted on December 23, 1986 
    by the City of
Beardstown;
        (23) if the ordinance was adopted on April 27, 1981, 
    October 21, 1985, or
December 30, 1986 by the City of 
    Belleville;
        (24) if the ordinance was adopted on December 29, 1986 
    by the City of
Collinsville;
        (25) if the ordinance was adopted on September 14, 1994 
    by the
City of Alton;
        (26) if the ordinance was adopted on November 11, 1996 
    by the
City of Lexington;
        (27) if the ordinance was adopted on November 5, 1984 
    by
the City of LeRoy;
        (28) if the ordinance was adopted on April 3, 1991 or

    June 3, 1992 by the City of Markham;
        (29) if the ordinance was adopted on November 11, 1986 
    by the City of Pekin;
        (30) if the ordinance was adopted on December 15, 1981 
    by the City of Champaign;
        (31) if the ordinance was adopted on December 15, 1986 
    by the City of Urbana;
        (32) if the ordinance was adopted on December 15, 1986 
    by the Village of Heyworth;
        (33) if the ordinance was adopted on February 24, 1992 
    by the Village of Heyworth;
        (34) if the ordinance was adopted on March 16, 1995 by 
    the Village of Heyworth;
        (35) if the ordinance was adopted on December 23, 1986 
    by the Town of Cicero;
        (36) if the ordinance was adopted on December 30, 1986 
    by the City of Effingham;
        (37) if the ordinance was adopted on May 9, 1991 by the 
    Village of
Tilton;
        (38) if the ordinance was adopted on October 20, 1986 
    by the City of Elmhurst;
        (39) if the ordinance was adopted on January 19, 1988 
    by the City of
Waukegan;
        (40) if the ordinance was adopted on September 21, 1998 
    by the City of
Waukegan;
        (41) if the ordinance was adopted on December 31, 1986 
    by the City of Sullivan;
        (42) if the ordinance was adopted on December 23, 1991 
    by the City of Sullivan;
        (43) if the ordinance was adopted on December 31, 1986 
    by the City of Oglesby;
        (44) if the ordinance was adopted on July 28, 1987 by 
    the City of Marion;
        (45) if the ordinance was adopted on April 23, 1990 by 
    the City of Marion;
        (46) if the ordinance was adopted on August 20, 1985 by 
    the Village of Mount Prospect;
        (47) if the ordinance was adopted on February 2, 1998 
    by the Village of Woodhull;
        (48) if the ordinance was adopted on April 20, 1993 by 
    the Village of Princeville;
        (49) if the ordinance was adopted on July 1, 1986 by 
    the City of Granite City;
        (50) if the ordinance was adopted on February 2, 1989 
    by the Village of Lombard;
        (51) if the ordinance was adopted on December 29, 1986 
    by the Village of Gardner;
        (52) if the ordinance was adopted on July 14, 1999 by 
    the Village of Paw Paw;
        (53) if the ordinance was adopted on November 17, 1986 
    by the Village of Franklin Park;
        (54) if the ordinance was adopted on November 20, 1989 
    by the Village of South Holland;
        (55) if the ordinance was adopted on July 14, 1992 by 
    the Village of Riverdale;
        (56) if the ordinance was adopted on December 29, 1986 
    by the City of Galesburg;
        (57) if the ordinance was adopted on April 1, 1985 by 
    the City of Galesburg;
        (58) if the ordinance was adopted on May 21, 1990 by 
    the City of West Chicago;
        (59) if the ordinance was adopted on December 16, 1986 
    by the City of Oak Forest;
        (60) if the ordinance was adopted in 1999 by the City 
    of Villa Grove;
        (61) if the ordinance was adopted on January 13, 1987 
    by the Village of Mt. Zion;
        (62) if the ordinance was adopted on December 30, 1986 
    by the Village of Manteno;
        (63) if the ordinance was adopted on April 3, 1989 by 
    the City of Chicago Heights;
        (64) if the ordinance was adopted on January 6, 1999 by 
    the Village of Rosemont;
        (65) if the ordinance was adopted on December 19, 2000 
    by the Village of Stone Park;
        (66) if the ordinance was adopted on December 22, 1986 
    by the City of DeKalb;
        (67)  if the ordinance was adopted on December 2, 1986 
    by the City of Aurora;

        (68)
 if the ordinance was adopted on December 31, 1986 
    by the Village of Milan;
        (69)
 if the ordinance was adopted on September 8, 1994 
    by the City of West Frankfort;
        (70) if the ordinance was adopted on December 23, 1986 
    by the Village of Libertyville;
        (71) if the ordinance was adopted on December 22, 1986 
    by the Village of Hoffman Estates;

        (72) if the ordinance was adopted on September 17, 1986 
    by the Village of Sherman;

        (73) if the ordinance was adopted on December 16, 1986 
    by the City of Macomb;
        (74) if the ordinance was adopted on June 11, 2002 by 
    the City of East Peoria to create the West Washington 
    Street TIF;
        (75) if the ordinance was adopted on June 11, 2002 by 
    the City of East Peoria to create the Camp Street TIF;

        (76) if the ordinance was adopted on August 7, 2000 by 
    the City of Des Plaines;
        (77) if the ordinance was adopted on December 22, 1986 
    by the City  of Washington to create the Washington Square 
    TIF #2;
        (78) if the ordinance was adopted on December 29, 1986 
    by the City of Morris;

        (79) if the ordinance was adopted on July 6, 1998 by 
    the Village of Steeleville;
        (80) if the ordinance was adopted on December 29, 1986 
    by the City of Pontiac to create TIF I (the Main St TIF);
        (81) if the ordinance was adopted on December 29, 1986 
    by the City of Pontiac to create TIF II (the Interstate 
    TIF); 
        (82) if the ordinance was adopted on November 6, 2002 
    by the City of Chicago to create the Madden/Wells TIF 
    District; 
        (83) if the ordinance was adopted on November 4, 1998 
    by the City of Chicago to create the Roosevelt/Racine TIF 
    District; 
        (84) if the ordinance was adopted on June 10, 1998 by 
    the City of Chicago to create the Stony Island 
    Commercial/Burnside Industrial Corridors TIF District; 
        (85) if the ordinance was adopted on November 29, 1989 
    by the City of Chicago to create the Englewood Mall TIF 
    District;
        (86) if the ordinance was adopted on December 27, 1986 
    by the City of Mendota; 
        (87) if the ordinance was adopted on December 31, 1986 
    by the Village of Cahokia;
        (88) if the ordinance was adopted on September 20, 1999 
    by the City of Belleville;
        (89) if the ordinance was adopted on December 30, 1986 
    by the Village of Bellevue to create the Bellevue TIF 
    District 1;
        (90) if the ordinance was adopted on December 13, 1993 
    by the Village of Crete;
        (91) if the ordinance was adopted on February 12, 2001 
    by the Village of Crete;
        (92) if the ordinance was adopted on April 23, 2001 by 
    the Village of Crete;
        (93) if the ordinance was adopted on December 16, 1986 
    by the City of Champaign; 
        (94) if the ordinance was adopted on December 20, 1986 
    by the City of Charleston; 
        (95) if the ordinance was adopted on June 6, 1989 by 
    the Village of Romeoville; 
        (96) if the ordinance was adopted on October 14, 1993 
    and amended on August 2, 2010 by the City of Venice; 
        (97) if the ordinance was adopted on June 1, 1994 by 
    the City of Markham; 
        (98) if the ordinance was adopted on May 19, 1998 by 
    the Village of Bensenville; 
        (99) if the ordinance was adopted on November 12, 1987 
    by the City of Dixon; 
        (100) if the ordinance was adopted on December 20, 1988 
    by the Village of Lansing; 
        (101) if the ordinance was adopted on October 27, 1998 
    by the City of Moline; 
        (102) if the ordinance was adopted on May 21, 1991 by 
    the Village of Glenwood; 
        (103) if the ordinance was adopted on January 28, 1992 
    by the City of East Peoria; 
        (104) if the ordinance was adopted on December 14, 1998 
    by the City of Carlyle;
        (105)  if the ordinance was adopted on May 17, 2000, as 
    subsequently amended, by the City of Chicago to create the 
    Midwest Redevelopment TIF District; 
        (106)  if the ordinance was adopted on September 13, 
    1989 by the City of Chicago to create the Michigan/Cermak 
    Area TIF District; 
        (107) if the ordinance was adopted on March 30, 1992 by 
    the Village of Ohio; 
        (108) if the ordinance was adopted on July 6, 1998 by 
    the Village of Orangeville;
        (109) if the ordinance was adopted on December 16, 1997 
    by the Village of Germantown; 
        (110) if the ordinance was adopted on April 28, 2003 by 
    Gibson City; 
        (111) if the ordinance was adopted on December 18, 1990 
    by the Village of Washington Park, but only after  the 
    Village of Washington Park becomes compliant with the 
    reporting requirements under subsection (d) of Section 
    11-74.4-5, and after the State Comptroller's certification 
    of such compliance; or 
        (112) if the ordinance was adopted on February 28, 2000 
    by the City of Harvey; and .
        (113) if the ordinance was adopted on February 11, 1991 
    by the Village of Machesney Park. 
    (d) For redevelopment project areas for which bonds were 
issued before
July 29, 1991, or for which contracts were 
entered into before June 1,
1988, in connection with a 
redevelopment project in the area within
the State Sales Tax 
Boundary, the estimated dates of completion of the

redevelopment project and retirement of obligations to finance 
redevelopment
project costs (including refunding bonds under 
Section 11-74.4-7) may be  extended by municipal ordinance to 
December 31, 2013.
The termination procedures of subsection (b) 
of Section 11-74.4-8 are not
required for
these redevelopment 
project areas in 2009 but are required in 2013.
The extension 
allowed by Public Act 87-1272 shall not apply to real
property 
tax increment allocation financing under Section 11-74.4-8.
    (e) Those dates, for purposes of real property tax 
increment allocation
financing pursuant to Section 11-74.4-8 
only, shall be not more than 35 years
for redevelopment project 
areas that were adopted on or after December 16,
1986 and for 
which at least $8 million worth of municipal bonds were 
authorized
on or after December 19, 1989 but before January 1, 
1990; provided that the
municipality elects to extend the life 
of the redevelopment project area to 35
years by the adoption 
of an ordinance after at least 14 but not more than 30
days' 
written notice to the taxing bodies, that would otherwise 
constitute the
joint review board for the redevelopment project 
area, before the adoption of
the ordinance.
    (f) Those dates, for purposes of real property tax 
increment allocation
financing pursuant to Section 11-74.4-8 
only, shall be not more than 35 years
for redevelopment project 
areas that were established on or after December 1,
1981 but 
before January 1, 1982 and for which at least $1,500,000 worth 
of
tax increment revenue bonds were authorized
on or after 
September 30, 1990 but before July 1, 1991; provided that the

municipality elects to extend the life of the redevelopment 
project area to 35
years by the adoption of an ordinance after 
at least 14 but not more than 30
days' written notice to the 
taxing bodies, that would otherwise constitute the
joint review 
board for the redevelopment project area, before the adoption 
of
the ordinance.
    (g) In consolidating the material relating to completion 
dates from Sections 11-74.4-3 and 11-74.4-7 into this Section, 
it is not the intent of the General Assembly to make any 
substantive change in the law, except for the extension of the 
completion dates for the City of Aurora, the Village of Milan,
 
the City of West Frankfort, the Village of Libertyville, and 
the Village of Hoffman Estates set forth under items (67),
 
(68), (69), (70), and (71) of subsection (c) of this Section. 
(Source: P.A. 97-93, eff. 1-1-12; 97-372, eff. 8-15-11; 97-600, 
eff. 8-26-11; 97-633, eff. 12-16-11; 97-635, eff. 12-16-11; 
97-807, eff. 7-13-12; 97-1114, eff. 8-27-12; 98-109, eff. 
7-25-13; 98-135, eff. 8-2-13; 98-230, eff. 8-9-13; 98-463, eff. 
8-16-13; 98-614, eff. 12-27-13.)
 
 
    Section 99. Effective date. This Act takes effect upon 
becoming law. 
  

Effective Date:  8/26/2014











  

    

      

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