(20 ILCS 620/9)
(from Ch. 67 1/2, par. 1009)
Powers of municipalities.
In addition to powers which it may
have, any municipality has the power under this Act:
(a) To make and enter into all contracts necessary or incidental to the
implementation and furtherance of an economic development plan.
(b) Within an economic development project area, to acquire by purchase,
donation, lease or eminent domain, and to own, convey, lease, mortgage or
dispose of land and other real or personal property or rights or interests
therein; and to grant or acquire licenses, easements and options with
respect thereto, all in the manner and at such price the municipality
determines is reasonably necessary to achieve the objectives of the
economic development project. No conveyance, lease, mortgage, disposition
of land or other property acquired by the municipality, or agreement
relating to the development of property, shall be made or executed except
pursuant to prior official action of the municipality.
No conveyance, lease, mortgage or other disposition of land, and no
agreement relating to the development of property, shall be made without
making public disclosure of the terms and disposition of all bids and
proposals submitted to the municipality in connection therewith.
(c) To clear any area within an economic development project area by
demolition or removal of any existing buildings, structures, fixtures,
utilities or improvements, and to clear and grade land.
(d) To install, repair, construct, reconstruct or relocate public
streets, public utilities, and other public site improvements within or
without an economic development project area which are essential to the
preparation of an economic development project area for use in accordance
with an economic development plan.
(e) To renovate, rehabilitate, reconstruct, relocate, repair or remodel
any existing buildings, improvements, and fixtures within an economic
development project area.
(f) To construct, acquire, and operate public improvements, including but not limited to,
publicly owned buildings, structures, works, utilities or fixtures within any economic
development project area, subject to the restrictions of item (5) of subsection (e) of Section 3 of this Act.
(g) To issue obligations as provided in this Act.
(h) To fix, charge and collect fees, rents and charges for the use of
any building, facility or property or any portion thereof owned or leased
by the municipality within an economic development project area.
(i) To accept grants, guarantees, donations of property or labor, or any
other thing of value for use in connection with an economic development project.
(j) To pay or cause to be paid economic development project costs. Any
payments to be made by the municipality to developers or other
nongovernmental persons for economic development project costs incurred by
such developer or other nongovernmental person shall be made only pursuant
to the prior official action of the municipality evidencing an intent to
pay or cause to be paid such economic development project costs. A
municipality is not required to obtain any right, title or interest in any
real or personal property in order to pay economic development project
costs associated with such property. The municipality shall adopt such
accounting procedures as may be necessary to determine that such economic
development project costs are properly paid.
(k) To exercise any and all other powers necessary to effectuate the
purposes of this Act.
(l) To create a commission of not less than 5 or more than 15 persons to be
appointed by the mayor or president of the municipality with the consent of
the majority of the corporate authorities of the municipality. Members of a
commission shall be appointed for initial terms of 1, 2, 3, 4, and 5 years,
respectively, in such numbers as to provide that the terms of not more than
1/3 of all such members shall expire in any one year. Their successors
shall be appointed for a term of 5 years. The commission, subject to
approval of the corporate authorities, may exercise the powers enumerated in
this Section. The commission shall also have the power to hold the public
hearings required by this Act and make recommendations to the corporate
authorities concerning the approval of economic development plans, the
establishment of economic development project areas, and the adoption of
tax increment allocation financing for economic development project areas.
(Source: P.A. 97-636, eff. 6-1-12