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Public Act 096-0830 |
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AN ACT concerning local 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 | ||||
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
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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
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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. | ||
(b-5) 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. |
(c) The estimated dates of completion
of the redevelopment | ||
project and retirement of obligations issued to finance
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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
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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
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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;
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(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; or | ||
(71) if the ordinance was adopted on December 22, 1986 | ||
by the Village of Hoffman Estates; or
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(72) (71) if the ordinance was adopted on September 17, | ||
1986 by the Village of Sherman ; .
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(73) (71) if the ordinance was adopted on December 16, | ||
1986 by the City of Macomb ; . | ||
(74) (72) if the ordinance was adopted on June 11, 2002 | ||
by the City of East Peoria to create the West Washington | ||
Street TIF; or | ||
(75) (73) if the ordinance was adopted on June 11, 2002 | ||
by the City of East Peoria to create the Camp Street TIF ; .
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(76) (72) if the ordinance was adopted on August 7, | ||
2000 by the City of Des Plaines ; . | ||
(77) (72) if the ordinance was adopted on December 22, | ||
1986 by the City of Washington to create the Washington | ||
Square TIF #2 ; . | ||
(78) (71) (72) if the ordinance was adopted on December | ||
29, 1986 by the City of Morris ; .
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(79) (71) if the ordinance was adopted on July 6, 1998 | ||
by the Village of Steeleville ; . | ||
(80) (72) if the ordinance was adopted on December 29, | ||
1986 by the City of Pontiac to create TIF I (the Main St |
TIF); or | ||
(81) (73) if the ordinance was adopted on December 29, | ||
1986 by the City of Pontiac to create TIF II (the | ||
Interstate TIF) ; . | ||
(82) (71) (72) if the ordinance was adopted on November | ||
6, 2002 by the City of Chicago to create the Madden/Wells | ||
TIF District; | ||
(83) (72) (73) if the ordinance was adopted on November | ||
4, 1998 by the City of Chicago to create the | ||
Roosevelt/Racine TIF District; | ||
(84) (73) (74) 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; or | ||
(85) (74) (75) 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; or | ||
(88) if the ordinance was adopted on September 20, 1999 | ||
by the City of Belleville. | ||
(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
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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
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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,
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the City of West Frankfort, the Village of Libertyville, and | ||
the Village of Hoffman Estates set forth under items (67),
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(68), (69), (70), and (71) of subsection (c) of this Section.
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(Source: P.A. 95-932, eff. 8-26-08; 95-964, eff. 9-23-08; | ||
incorporates P.A. 95-777, eff. 9-22-08, and 95-1028, eff. | ||
8-25-09 (see Section 5 of P.A. 96-717 for the effective date of | ||
changes made by P.A. 95-1028); 96-127, eff. 8-4-09; 96-182, | ||
eff. 8-10-09; 96-208, eff. 8-10-09; 96-209, eff. 1-1-10; | ||
96-213, eff. 8-10-09; 96-264, eff. 8-11-09; 96-328, eff. | ||
8-11-09; 96-439, eff. 8-14-09; 96-454, eff. 8-14-09; 96-722, | ||
eff. 8-25-09; 96-773, eff. 8-28-09; revised 9-25-09.)
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Section 99. Effective date. This Act takes effect upon | ||
becoming law.
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