TITLE 68: PROFESSIONS AND OCCUPATIONS
CHAPTER VII: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
SUBCHAPTER b: PROFESSIONS AND OCCUPATIONS
PART 1260 LAND SALES REGISTRATION ACT OF 1999
SECTION 1260.115 IMPROVEMENTS
Section 1260.115 Improvements
The application shall set forth:
a) A description of each improvement to the property that exists or that is proposed by the subdivider.
b) A certified engineer's report stating whether the land is suitable for construction and maintenance of the improvements, setting forth with particularity any respects in which the land does not appear to be suitable.
c) A construction schedule setting forth the scheduled date for completion of each improvement and the method to be used for financing construction of the improvement.
1) No improvement scheduled for completion more than 10 years after the date of filing the application may be referred to in the public property report.
2) The Division may, at any time, require the subdivider to provide financial assurances for the completion of promised improvements as set forth in Section 5-10(d) of the Act. The Division may accept a registration from another jurisdiction, including as evidence that the assurances have been met in fulfillment of this requirement.
d) A description of each action by a unit of government the is necessary to assure the construction and maintenance of each improvement, including:
1) Copies of each completed action, including, without limitation, licenses, permits, approvals, agreements and zoning ordinances.
2) A report on the status of each action that is not complete, including copies of any request for action and any response from the government unit.
(Source: Amended at 35 Ill. Reg. 11407, effective June 28, 2011)