Public Act 099-0263
 
SB0368 EnrolledLRB099 03109 AWJ 23117 b

    AN ACT concerning local government.
 
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
 
    Section 5. The Illinois Municipal Code is amended by
changing Sections 11-74.4-3.5 and 11-74.6-15 as follows:
 
    (65 ILCS 5/11-74.4-3.5)
    Sec. 11-74.4-3.5. Completion dates for redevelopment
projects.
    (a) Unless otherwise stated in this Section, the estimated
dates of completion of the redevelopment project and retirement
of obligations issued to finance redevelopment project costs
(including refunding bonds under Section 11-74.4-7) may not be
later than December 31 of the year in which the payment to the
municipal treasurer, as provided in subsection (b) of Section
11-74.4-8 of this Act, is to be made with respect to ad valorem
taxes levied in the 23rd calendar year after the year in which
the ordinance approving the redevelopment project area was
adopted if the ordinance was adopted on or after January 15,
1981.
    (b) The estimated dates of completion of the redevelopment
project and retirement of obligations issued to finance
redevelopment project costs (including refunding bonds under
Section 11-74.4-7) may not be later than December 31 of the
year in which the payment to the municipal treasurer as
provided in subsection (b) of Section 11-74.4-8 of this Act is
to be made with respect to ad valorem taxes levied in the 32nd
calendar year after the year in which the ordinance approving
the redevelopment project area was adopted if the ordinance was
adopted on September 9, 1999 by the Village of Downs.
    The estimated dates of completion of the redevelopment
project and retirement of obligations issued to finance
redevelopment project costs (including refunding bonds under
Section 11-74.4-7) may not be later than December 31 of the
year in which the payment to the municipal treasurer as
provided in subsection (b) of Section 11-74.4-8 of this Act is
to be made with respect to ad valorem taxes levied in the 33rd
calendar year after the year in which the ordinance approving
the redevelopment project area was adopted if the ordinance was
adopted on May 20, 1985 by the Village of Wheeling.
    The estimated dates of completion of the redevelopment
project and retirement of obligations issued to finance
redevelopment project costs (including refunding bonds under
Section 11-74.4-7) may not be later than December 31 of the
year in which the payment to the municipal treasurer as
provided in subsection (b) of Section 11-74.4-8 of this Act is
to be made with respect to ad valorem taxes levied in the 28th
calendar year after the year in which the ordinance approving
the redevelopment project area was adopted if the ordinance was
adopted on October 12, 1989 by the City of Lawrenceville.
    (c) The estimated dates of completion of the redevelopment
project and retirement of obligations issued to finance
redevelopment project costs (including refunding bonds under
Section 11-74.4-7) may not be later than December 31 of the
year in which the payment to the municipal treasurer as
provided in subsection (b) of Section 11-74.4-8 of this Act is
to be made with respect to ad valorem taxes levied in the 35th
calendar year after the year in which the ordinance approving
the redevelopment project area was adopted:
        (1) If if the ordinance was adopted before January 15,
    1981. ;
        (2) If if the ordinance was adopted in December 1983,
    April 1984, July 1985, or December 1989. ;
        (3) If if the ordinance was adopted in December 1987
    and the redevelopment project is located within one mile of
    Midway Airport. ;
        (4) If if the ordinance was adopted before January 1,
    1987 by a municipality in Mason County. ;
        (5) If if the municipality is subject to the Local
    Government Financial Planning and Supervision Act or the
    Financially Distressed City Law. ;
        (6) If if the ordinance was adopted in December 1984 by
    the Village of Rosemont. ;
        (7) If if the ordinance was adopted on December 31,
    1986 by a municipality located in Clinton County for which
    at least $250,000 of tax increment bonds were authorized on
    June 17, 1997, or if the ordinance was adopted on December
    31, 1986 by a municipality with a population in 1990 of
    less than 3,600 that is located in a county with a
    population in 1990 of less than 34,000 and for which at
    least $250,000 of tax increment bonds were authorized on
    June 17, 1997. ;
        (8) If if the ordinance was adopted on October 5, 1982
    by the City of Kankakee, or if the ordinance was adopted on
    December 29, 1986 by East St. Louis. ;
        (9) If if the ordinance was adopted on November 12,
    1991 by the Village of Sauget. ;
        (10) If if the ordinance was adopted on February 11,
    1985 by the City of Rock Island. ;
        (11) If if the ordinance was adopted before December
    18, 1986 by the City of Moline. ;
        (12) If if the ordinance was adopted in September 1988
    by Sauk Village. ;
        (13) If if the ordinance was adopted in October 1993 by
    Sauk Village. ;
        (14) If if the ordinance was adopted on December 29,
    1986 by the City of Galva. ;
        (15) If if the ordinance was adopted in March 1991 by
    the City of Centreville. ;
        (16) If if the ordinance was adopted on January 23,
    1991 by the City of East St. Louis. ;
        (17) If if the ordinance was adopted on December 22,
    1986 by the City of Aledo. ;
        (18) If if the ordinance was adopted on February 5,
    1990 by the City of Clinton. ;
        (19) If if the ordinance was adopted on September 6,
    1994 by the City of Freeport. ;
        (20) If if the ordinance was adopted on December 22,
    1986 by the City of Tuscola. ;
        (21) If if the ordinance was adopted on December 23,
    1986 by the City of Sparta. ;
        (22) If if the ordinance was adopted on December 23,
    1986 by the City of Beardstown. ;
        (23) If if the ordinance was adopted on April 27, 1981,
    October 21, 1985, or December 30, 1986 by the City of
    Belleville. ;
        (24) If if the ordinance was adopted on December 29,
    1986 by the City of Collinsville. ;
        (25) If if the ordinance was adopted on September 14,
    1994 by the City of Alton. ;
        (26) If if the ordinance was adopted on November 11,
    1996 by the City of Lexington. ;
        (27) If if the ordinance was adopted on November 5,
    1984 by the City of LeRoy. ;
        (28) If if the ordinance was adopted on April 3, 1991
    or June 3, 1992 by the City of Markham. ;
        (29) If if the ordinance was adopted on November 11,
    1986 by the City of Pekin. ;
        (30) If if the ordinance was adopted on December 15,
    1981 by the City of Champaign. ;
        (31) If if the ordinance was adopted on December 15,
    1986 by the City of Urbana. ;
        (32) If if the ordinance was adopted on December 15,
    1986 by the Village of Heyworth. ;
        (33) If if the ordinance was adopted on February 24,
    1992 by the Village of Heyworth. ;
        (34) If if the ordinance was adopted on March 16, 1995
    by the Village of Heyworth. ;
        (35) If if the ordinance was adopted on December 23,
    1986 by the Town of Cicero. ;
        (36) If if the ordinance was adopted on December 30,
    1986 by the City of Effingham. ;
        (37) If if the ordinance was adopted on May 9, 1991 by
    the Village of Tilton. ;
        (38) If if the ordinance was adopted on October 20,
    1986 by the City of Elmhurst. ;
        (39) If if the ordinance was adopted on January 19,
    1988 by the City of Waukegan. ;
        (40) If if the ordinance was adopted on September 21,
    1998 by the City of Waukegan. ;
        (41) If if the ordinance was adopted on December 31,
    1986 by the City of Sullivan. ;
        (42) If if the ordinance was adopted on December 23,
    1991 by the City of Sullivan. ;
        (43) If if the ordinance was adopted on December 31,
    1986 by the City of Oglesby. ;
        (44) If if the ordinance was adopted on July 28, 1987
    by the City of Marion. ;
        (45) If if the ordinance was adopted on April 23, 1990
    by the City of Marion. ;
        (46) If if the ordinance was adopted on August 20, 1985
    by the Village of Mount Prospect. ;
        (47) If if the ordinance was adopted on February 2,
    1998 by the Village of Woodhull. ;
        (48) If if the ordinance was adopted on April 20, 1993
    by the Village of Princeville. ;
        (49) If if the ordinance was adopted on July 1, 1986 by
    the City of Granite City. ;
        (50) If if the ordinance was adopted on February 2,
    1989 by the Village of Lombard. ;
        (51) If if the ordinance was adopted on December 29,
    1986 by the Village of Gardner. ;
        (52) If if the ordinance was adopted on July 14, 1999
    by the Village of Paw Paw. ;
        (53) If if the ordinance was adopted on November 17,
    1986 by the Village of Franklin Park. ;
        (54) If if the ordinance was adopted on November 20,
    1989 by the Village of South Holland. ;
        (55) If if the ordinance was adopted on July 14, 1992
    by the Village of Riverdale. ;
        (56) If if the ordinance was adopted on December 29,
    1986 by the City of Galesburg. ;
        (57) If if the ordinance was adopted on April 1, 1985
    by the City of Galesburg. ;
        (58) If if the ordinance was adopted on May 21, 1990 by
    the City of West Chicago. ;
        (59) If if the ordinance was adopted on December 16,
    1986 by the City of Oak Forest. ;
        (60) If if the ordinance was adopted in 1999 by the
    City of Villa Grove. ;
        (61) If if the ordinance was adopted on January 13,
    1987 by the Village of Mt. Zion. ;
        (62) If if the ordinance was adopted on December 30,
    1986 by the Village of Manteno. ;
        (63) If if the ordinance was adopted on April 3, 1989
    by the City of Chicago Heights. ;
        (64) If if the ordinance was adopted on January 6, 1999
    by the Village of Rosemont. ;
        (65) If if the ordinance was adopted on December 19,
    2000 by the Village of Stone Park. ;
        (66) If if the ordinance was adopted on December 22,
    1986 by the City of DeKalb. ;
        (67) If if the ordinance was adopted on December 2,
    1986 by the City of Aurora. ;
        (68) If if the ordinance was adopted on December 31,
    1986 by the Village of Milan. ;
        (69) If if the ordinance was adopted on September 8,
    1994 by the City of West Frankfort. ;
        (70) If if the ordinance was adopted on December 23,
    1986 by the Village of Libertyville. ;
        (71) If if the ordinance was adopted on December 22,
    1986 by the Village of Hoffman Estates. ;
        (72) If if the ordinance was adopted on September 17,
    1986 by the Village of Sherman. ;
        (73) If if the ordinance was adopted on December 16,
    1986 by the City of Macomb. ;
        (74) If if the ordinance was adopted on June 11, 2002
    by the City of East Peoria to create the West Washington
    Street TIF. ;
        (75) If if the ordinance was adopted on June 11, 2002
    by the City of East Peoria to create the Camp Street TIF. ;
        (76) If if the ordinance was adopted on August 7, 2000
    by the City of Des Plaines. ;
        (77) If if the ordinance was adopted on December 22,
    1986 by the City of Washington to create the Washington
    Square TIF #2. ;
        (78) If if the ordinance was adopted on December 29,
    1986 by the City of Morris. ;
        (79) If if the ordinance was adopted on July 6, 1998 by
    the Village of Steeleville. ;
        (80) If if the ordinance was adopted on December 29,
    1986 by the City of Pontiac to create TIF I (the Main St
    TIF). ;
        (81) If if the ordinance was adopted on December 29,
    1986 by the City of Pontiac to create TIF II (the
    Interstate TIF). ;
        (82) If if the ordinance was adopted on November 6,
    2002 by the City of Chicago to create the Madden/Wells TIF
    District. ;
        (83) If if the ordinance was adopted on November 4,
    1998 by the City of Chicago to create the Roosevelt/Racine
    TIF District. ;
        (84) If if the ordinance was adopted on June 10, 1998
    by the City of Chicago to create the Stony Island
    Commercial/Burnside Industrial Corridors TIF District. ;
        (85) If if the ordinance was adopted on November 29,
    1989 by the City of Chicago to create the Englewood Mall
    TIF District. ;
        (86) If if the ordinance was adopted on December 27,
    1986 by the City of Mendota. ;
        (87) If if the ordinance was adopted on December 31,
    1986 by the Village of Cahokia. ;
        (88) If if the ordinance was adopted on September 20,
    1999 by the City of Belleville. ;
        (89) If if the ordinance was adopted on December 30,
    1986 by the Village of Bellevue to create the Bellevue TIF
    District 1. ;
        (90) If if the ordinance was adopted on December 13,
    1993 by the Village of Crete. ;
        (91) If if the ordinance was adopted on February 12,
    2001 by the Village of Crete. ;
        (92) If if the ordinance was adopted on April 23, 2001
    by the Village of Crete. ;
        (93) If if the ordinance was adopted on December 16,
    1986 by the City of Champaign. ;
        (94) If if the ordinance was adopted on December 20,
    1986 by the City of Charleston. ;
        (95) If if the ordinance was adopted on June 6, 1989 by
    the Village of Romeoville. ;
        (96) If if the ordinance was adopted on October 14,
    1993 and amended on August 2, 2010 by the City of Venice. ;
        (97) If if the ordinance was adopted on June 1, 1994 by
    the City of Markham. ;
        (98) If if the ordinance was adopted on May 19, 1998 by
    the Village of Bensenville. ;
        (99) If if the ordinance was adopted on November 12,
    1987 by the City of Dixon. ;
        (100) If if the ordinance was adopted on December 20,
    1988 by the Village of Lansing. ;
        (101) If if the ordinance was adopted on October 27,
    1998 by the City of Moline. ;
        (102) If if the ordinance was adopted on May 21, 1991
    by the Village of Glenwood. ;
        (103) If if the ordinance was adopted on January 28,
    1992 by the City of East Peoria. ;
        (104) If if the ordinance was adopted on December 14,
    1998 by the City of Carlyle. ;
        (105) If if the ordinance was adopted on May 17, 2000,
    as subsequently amended, by the City of Chicago to create
    the Midwest Redevelopment TIF District. ;
        (106) If if the ordinance was adopted on September 13,
    1989 by the City of Chicago to create the Michigan/Cermak
    Area TIF District. ;
        (107) If if the ordinance was adopted on March 30, 1992
    by the Village of Ohio. ;
        (108) If if the ordinance was adopted on July 6, 1998
    by the Village of Orangeville. ;
        (109) If if the ordinance was adopted on December 16,
    1997 by the Village of Germantown. ;
        (110) If if the ordinance was adopted on April 28, 2003
    by Gibson City. ;
        (111) If if the ordinance was adopted on December 18,
    1990 by the Village of Washington Park, but only after the
    Village of Washington Park becomes compliant with the
    reporting requirements under subsection (d) of Section
    11-74.4-5, and after the State Comptroller's certification
    of such compliance. ;
        (112) If if the ordinance was adopted on February 28,
    2000 by the City of Harvey. ; or
        (113) If if the ordinance was adopted on January 11,
    1991 by the City of Chicago to create the Read/Dunning TIF
    District. ;
        (114) If if the ordinance was adopted on July 24, 1991
    by the City of Chicago to create the Sanitary and Ship
    Canal TIF District. ;
        (115) If if the ordinance was adopted on December 4,
    2007 by the City of Naperville. ;
        (116) If if the ordinance was adopted on July 1, 2002
    by the Village of Arlington Heights. ;
        (117) If if the ordinance was adopted on February 11,
    1991 by the Village of Machesney Park. ;
        (118) If if the ordinance was adopted on December 29,
    1993 by the City of Ottawa. ; or
        (119) If if the ordinance was adopted on June 4, 1991
    by the Village of Lansing.
        (120) If (119) if the ordinance was adopted on February
    10, 2004 by the Village of Fox Lake. ;
        (121) If (120) if the ordinance was adopted on December
    22, 1992 by the City of Fairfield. ; or
        (122) If (121) if the ordinance was adopted on February
    10, 1992 by the City of Mt. Sterling.
        (123) If (113) if the ordinance was adopted on March
    15, 2004 by the City of Batavia.
        (124) If (119) if the ordinance was adopted on March
    18, 2002 by the Village of Lake Zurich.
        (125) If the ordinance was adopted on May 8, 2013 by
    the Village of Rosemont to create the Higgins Road/River
    Road TIF District No. 6.
    (d) For redevelopment project areas for which bonds were
issued before July 29, 1991, or for which contracts were
entered into before June 1, 1988, in connection with a
redevelopment project in the area within the State Sales Tax
Boundary, the estimated dates of completion of the
redevelopment project and retirement of obligations to finance
redevelopment project costs (including refunding bonds under
Section 11-74.4-7) may be extended by municipal ordinance to
December 31, 2013. The termination procedures of subsection (b)
of Section 11-74.4-8 are not required for these redevelopment
project areas in 2009 but are required in 2013. The extension
allowed by Public Act 87-1272 shall not apply to real property
tax increment allocation financing under Section 11-74.4-8.
    (e) Those dates, for purposes of real property tax
increment allocation financing pursuant to Section 11-74.4-8
only, shall be not more than 35 years for redevelopment project
areas that were adopted on or after December 16, 1986 and for
which at least $8 million worth of municipal bonds were
authorized on or after December 19, 1989 but before January 1,
1990; provided that the municipality elects to extend the life
of the redevelopment project area to 35 years by the adoption
of an ordinance after at least 14 but not more than 30 days'
written notice to the taxing bodies, that would otherwise
constitute the joint review board for the redevelopment project
area, before the adoption of the ordinance.
    (f) Those dates, for purposes of real property tax
increment allocation financing pursuant to Section 11-74.4-8
only, shall be not more than 35 years for redevelopment project
areas that were established on or after December 1, 1981 but
before January 1, 1982 and for which at least $1,500,000 worth
of tax increment revenue bonds were authorized on or after
September 30, 1990 but before July 1, 1991; provided that the
municipality elects to extend the life of the redevelopment
project area to 35 years by the adoption of an ordinance after
at least 14 but not more than 30 days' written notice to the
taxing bodies, that would otherwise constitute the joint review
board for the redevelopment project area, before the adoption
of the ordinance.
    (g) In consolidating the material relating to completion
dates from Sections 11-74.4-3 and 11-74.4-7 into this Section,
it is not the intent of the General Assembly to make any
substantive change in the law, except for the extension of the
completion dates for the City of Aurora, the Village of Milan,
the City of West Frankfort, the Village of Libertyville, and
the Village of Hoffman Estates set forth under items (67),
(68), (69), (70), and (71) of subsection (c) of this Section.
(Source: P.A. 97-93, eff. 1-1-12; 97-372, eff. 8-15-11; 97-600,
eff. 8-26-11; 97-633, eff. 12-16-11; 97-635, eff. 12-16-11;
97-807, eff. 7-13-12; 97-1114, eff. 8-27-12; 98-109, eff.
7-25-13; 98-135, eff. 8-2-13; 98-230, eff. 8-9-13; 98-463, eff.
8-16-13; 98-614, eff. 12-27-13; 98-667, eff. 6-25-14; 98-889,
eff. 8-15-14; 98-893, eff. 8-15-14; 98-1064, eff. 8-26-14;
98-1136, eff. 12-29-14; 98-1153, eff. 1-9-15; 98-1157, eff.
1-9-15; 98-1159, eff. 1-9-15; revised 3-19-15.)
 
    (65 ILCS 5/11-74.6-15)
    Sec. 11-74.6-15. Municipal Powers and Duties. A
municipality may:
    (a) By ordinance introduced in the governing body of the
municipality within 14 to 90 days from the final adjournment of
the hearing specified in Section 11-74.6-22, approve
redevelopment plans and redevelopment projects, and designate
redevelopment planning areas and redevelopment project areas
pursuant to notice and hearing required by this Act. No
redevelopment planning area or redevelopment project area
shall be designated unless a plan and project are approved
before the designation of the area and the area shall include
only those parcels of real property and improvements on those
parcels substantially benefited by the proposed redevelopment
project improvements. Upon adoption of the ordinances, the
municipality shall forthwith transmit to the county clerk of
the county or counties within which the redevelopment project
area is located a certified copy of the ordinances, a legal
description of the redevelopment project area, a map of the
redevelopment project area, identification of the year that the
county clerk shall use for determining the total initial
equalized assessed value of the redevelopment project area
consistent with subsection (a) of Section 11-74.6-40, and a
list of the parcel or tax identification number of each parcel
of property included in the redevelopment project area.
    (b) Make and enter into all contracts necessary or
incidental to the implementation and furtherance of its
redevelopment plan and project.
    (c) Within a redevelopment project area, acquire by
purchase, donation, lease or eminent domain; own, convey,
lease, mortgage or dispose of land and other property, real or
personal, or rights or interests therein, and grant or acquire
licenses, easements and options with respect to that property,
all in the manner and at a price that the municipality
determines is reasonably necessary to achieve the objectives of
the redevelopment plan and project. No conveyance, lease,
mortgage, disposition of land or other property owned by a
municipality, or agreement relating to the development of the
municipal property shall be made or executed except pursuant to
prior official action of the corporate authorities of the
municipality. No conveyance, lease, mortgage, or other
disposition of land owned by a municipality, and no agreement
relating to the development of the municipal property, shall be
made without making public disclosure of the terms and the
disposition of all bids and proposals submitted to the
municipality in connection therewith. The procedures for
obtaining the bids and proposals shall provide reasonable
opportunity for any person to submit alternative proposals or
bids.
    (d) Within a redevelopment project area, clear any area by
demolition or removal of any existing buildings, structures,
fixtures, utilities or improvements, and to clear and grade
land.
    (e) Within a redevelopment project area, renovate or
rehabilitate or construct any structure or building, as
permitted under this Law.
    (f) Within or without a redevelopment project area,
install, repair, construct, reconstruct or relocate streets,
utilities and site improvements essential to the preparation of
the redevelopment area for use in accordance with a
redevelopment plan.
    (g) Within a redevelopment project area, fix, charge and
collect fees, rents and charges for the use of all or any part
of any building or property owned or leased by it.
    (h) Issue obligations as provided in this Act.
    (i) Accept grants, guarantees and donations of property,
labor, or other things of value from a public or private source
for use within a project redevelopment area.
    (j) Acquire and construct public facilities within a
redevelopment project area, as permitted under this Law.
    (k) Incur, pay or cause to be paid redevelopment project
costs; provided, however, that on and after the effective date
of this amendatory Act of the 91st General Assembly, no
municipality shall incur redevelopment project costs (except
for planning and other eligible costs authorized by municipal
ordinance or resolution that are subsequently included in the
redevelopment plan for the area and are incurred after the
ordinance or resolution is adopted) that are not consistent
with the program for accomplishing the objectives of the
redevelopment plan as included in that plan and approved by the
municipality until the municipality has amended the
redevelopment plan as provided elsewhere in this Law. Any
payments to be made by the municipality to redevelopers or
other nongovernmental persons for redevelopment project costs
incurred by such redeveloper 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 redevelopment project costs. A municipality is not
required to obtain any right, title or interest in any real or
personal property in order to pay redevelopment project costs
associated with such property. The municipality shall adopt
such accounting procedures as may be necessary to determine
that such redevelopment project costs are properly paid.
    (l) 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 governing
board of the municipality. Members of a commission appointed
after the effective date of this Law shall be appointed for
initial terms of 1, 2, 3, 4 and 5 years, respectively, in
numbers so that the terms of not more than 1/3 of all members
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 of the municipality, 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 adoption of redevelopment plans, redevelopment
projects and designation of redevelopment project areas.
    (m) Make payment in lieu of all or a portion of real
property taxes due to taxing districts. If payments in lieu of
all or a portion of taxes are made to taxing districts, those
payments shall be made to all districts within a redevelopment
project area on a basis that is proportional to the current
collection of revenue which each taxing district receives from
real property in the redevelopment project area.
    (n) Exercise any and all other powers necessary to
effectuate the purposes of this Act.
    (o) In conjunction with other municipalities, undertake
and perform redevelopment plans and projects and utilize the
provisions of the Act wherever they have contiguous
redevelopment project areas or they determine to adopt tax
increment allocation financing with respect to a redevelopment
project area that includes contiguous real property within the
boundaries of the municipalities, and, by agreement between
participating municipalities, to issue obligations, separately
or jointly, and expend revenues received under this Act for
eligible expenses anywhere within contiguous redevelopment
project areas or as otherwise permitted in the Act. Two or more
municipalities may designate a joint redevelopment project
area under this subsection (o) for a single Industrial Park
Conservation Area comprising of property within or near the
boundaries of each municipality if: (i) both municipalities are
located within the same Metropolitan Statistical Area, as
defined by the United States Office of Management and Budget,
(ii) the 4-year average unemployment rate for that Metropolitan
Statistical Area was at least 11.3%, and (iii) at least one
participating municipality demonstrates that it has made
commitments to acquire capital assets to commence the project
and that the acquisition will occur on or before December 31,
2011. The joint redevelopment project area must encompass an
interstate highway exchange for access and be located, in part,
adjacent to a landfill or other solid waste disposal facility.
    (p) Create an Industrial Jobs Recovery Advisory Committee
of not more than 15 members to be appointed by the mayor or
president of the municipality with the consent of the majority
of the governing board of the municipality. The members of that
Committee shall be appointed for initial terms of 1, 2, and 3
years respectively, in numbers so that the terms of not more
than 1/3 of all members expire in any one year. Their
successors shall be appointed for a term of 3 years. The
Committee shall have none of the powers enumerated in this
Section. The Committee shall serve in an advisory capacity
only. The Committee may advise the governing board of the
municipality and other municipal officials regarding
development issues and opportunities within the redevelopment
project area. The Committee may also promote and publicize
development opportunities in the redevelopment project area.
    (q) If a redevelopment project has not been initiated in a
redevelopment project area within 5 years after the area was
designated by ordinance under subsection (a), the municipality
shall adopt an ordinance repealing the area's designation as a
redevelopment project area. Initiation of a redevelopment
project shall be evidenced by either a signed redevelopment
agreement or expenditures on eligible redevelopment project
costs associated with a redevelopment project.
    (r) Within a redevelopment planning area, transfer or loan
tax increment revenues from one redevelopment project area to
another redevelopment project area for expenditure on eligible
costs in the receiving area.
    (s) Use tax increment revenue produced in a redevelopment
project area created under this Law by transferring or loaning
such revenues to a redevelopment project area created under the
Tax Increment Allocation Redevelopment Act that is either
contiguous to, or separated only by a public right of way from,
the redevelopment project area that initially produced and
received those revenues.
    (t) The estimated dates of completion of the redevelopment
project and retirement of obligations issued to finance
redevelopment project costs (including refunding bonds under
Section 11-74.6-30) may not be later than December 31 of the
year in which the payment to the municipal treasurer as
provided in subsection (b) of Section 11-74.6-35 of this Act is
to be made with respect to ad valorem taxes levied in the 35th
calendar year after the year in which the ordinance approving
the redevelopment project area was adopted if the ordinance was
adopted on September 23, 1997 by the City of Granite City.
(Source: P.A. 97-591, eff. 8-26-11.)
 
    Section 99. Effective date. This Act takes effect upon
becoming law.

Effective Date: 08/04/2015