(315 ILCS 25/3) (from Ch. 67 1/2, par. 91.10)
Sec. 3. Definitions.
The following terms, wherever used or referred to in this Act shall
have the following respective meanings, unless in any case a different
meaning clearly appears from the context.
(a) "Municipality" shall mean a city, village or incorporated town.
(b) "Governing body" shall mean the council or the President and board
of Trustees of any city, village or incorporated town, as the case may be.
(c) "Presiding officer" shall mean the Mayor or President of a city,
village or incorporated town.
(d) "Conservation Area" in municipalities with a population of over
500,000 shall mean an area of not less than 40 acres, and in other
municipalities shall mean an area of not less than 2 acres in which the
structures in 50% or more of the area are residential having an average age
of 35 years or more. Such an area
by reason of dilapidation, obsolescence, deterioration or illegal use of
individual structures, overcrowding of structures and community facilities,
conversion of residential units into non-residential use, deleterious land
use or layout, decline of physical maintenance, lack of community planning,
or any combination of these factors may become a slum and blighted
area.
(e) "Conservation Plan" shall mean the comprehensive program for the
physical development and replanning of a "Conservation Area" embodying the
steps required to prevent such "Conservation Area" from becoming a slum and
blighted area.
(f) "Real Property" shall include lands, lands underwater, structures
and any and all easements, franchises and incorporeal hereditaments and
estates, and rights, legal and equitable, including terms for years and
liens by way of judgment, mortgage or otherwise.
(g) "Fair Use Value" shall mean the fair cash market value of real
property when employed for the use contemplated by the community
conservation plan.
(h) "Community facilities" shall mean those physical plants which
implement, support and facilitate the activities, services and interests of
education, recreation, shopping, health, welfare, religion and general
culture.
(Source: P.A. 102-510, eff. 8-20-21.)
|