65 ILCS 5/ Illinois Municipal Code.

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65 ILCS 5/11-75-3

(65 ILCS 5/11-75-3) (from Ch. 24, par. 11-75-3)

Sec. 11-75-3.

Any building erected in the space leased, by exercise of the
power granted by Section 11-75-1, which is above or around buildings
located on land owned or otherwise held by the municipality shall be
operated, as far as practicable, separately and apart from any building
owned or operated by the municipality. No liability shall in any manner
attach to the municipality by reason of the erection or operation of the
building in the space so leased.

(Source: Laws 1961, p. 576.)

65 ILCS 5/11-75-4

(65 ILCS 5/11-75-4) (from Ch. 24, par. 11-75-4)

Sec. 11-75-4.

Such lease shall be signed in the name of the municipality by
the mayor or president and shall be attested by the municipal clerk under
the corporate seal. The lease shall also be executed by the lessee in such
manner as may be necessary to bind him. After being so executed, the lease
shall be duly acknowledged and thereupon shall be recorded in the office of
the recorder of the county in which is located the land involved
in the lease.

(Source: P.A. 83-358.)

65 ILCS 5/11-75-5

(65 ILCS 5/11-75-5) (from Ch. 24, par. 11-75-5)

Sec. 11-75-5.

If, in the judgment of the corporate authorities, the public
interest requires that any building erected in the leased space be removed
so that a street, alley, or public place may be restored to its original
condition, the lessor municipality may condemn the lessee's interest in the
leased space by proceeding in the manner provided for the exercise of the
right of eminent domain under the Eminent Domain Act. After payment of such damages as may be fixed in the
condemnation proceedings, the municipality may remove all buildings or
other structures from the leased space and restore the buildings adjoining
the leased space to their original condition.

(Source: P.A. 94-1055, eff. 1-1-07.)