(65 ILCS 5/9-2-123)
(from Ch. 24, par. 9-2-123)
Accompanying the petition there shall be filed an assessment
roll setting forth a description of the lots, blocks, tracts, and parcels
of land assessed in the original proceeding, the total amount of the unpaid
installments, and the interest thereon proposed to be extended against each
tract, the amount, number and due date of each installment of the proposed
The assessment as extended shall
be collected in the same manner as the original assessment.
When this petition is filed it shall be presented to the court and if
found to be in proper form the court shall set the petition for hearing at
such date as will enable the clerk of the court to give at least 10 days'
notice of the hearing thereon, and it is the duty of the clerk to publish a
notice at least twice, not more than 30 nor less than 15 days before the
date set for hearing, in one or more newspapers published in the
municipality, or, if no newspaper is published therein, then in one or more
newspapers with a general circulation within the municipality. In
municipalities with less than 500 population in which no newspaper is
published, publication may instead be made by posting a notice in 3
prominent places within the municipality. This notice shall set forth the
filing of the petition, the docket and warrant number of the assessment and
the installment or installments thereof proposed to be extended and the
number of installments in which it is proposed to divide the extended
assessment. The notice shall also state when and where the court will hear
objections to the petition.
At this hearing the court may extend the time of payment of one or more
installments of the assessment, change the number of installments in which
the assessment is divided, and subject to the provisions of Sections
9-2-120 through 9-2-124, provide for the details of the issuance of the
refunding securities, in accordance with the prayer of the petition, and
enter an order confirming the assessment as extended.
Any property owner may pay the original assessment or any installment to
be extended within 10 days after the entry of such an order. Upon the
expiration of 10 days after the entry of such an order the corporate
authorities shall issue the refunding securities authorized by the order of
the court, but the delivery of the refunding securities shall be
simultaneous with the surrender of the securities to be refunded or paid.
The securities so surrendered shall be immediately cancelled. The
collection and payment of the extended assessment and the securities issued
under Sections 9-2-120 through 9-2-124 shall be in the manner as now
provided by law.
(Source: P.A. 79-1361.)