MUNI CD-EXTEND TIF DISTRICT Senate SponsorsSen. William R. Haine House Sponsors(Rep. Jay C. Hoffman-Robert S. Molaro, Keith P. Sommer and Chapin Rose) 7/23/2003SenatePublic Act . . . . . . . . . 93-0298 65 ILCS 5/11-74.4-3from Ch. 24, par. 11-74.4-365 ILCS 5/11-74.4-7from Ch. 24, par. 11-74.4-7Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Provides that the redevelopment project in the TIF District created by an ordinance adopted on December 29, 1986 by the City of Collinsville must be completed by December 31 of the 35th year (now, the 23rd year) after the year in which the ordinance was adopted. Effective immediately.Fiscal Note (Department of Revenue) Senate Bill 417 does not create a fiscal impact for the Department of Revenue or the State of Illinois. House Amendment No. 1 Adds reference to:65 ILCS 5/11-74.4-4from Ch. 24, par. 11-74.4-465 ILCS 5/11-74.4-4.165 ILCS 5/11-74.4-8from Ch. 24, par. 11-74.4-865 ILCS 5/11-74.4-10from Ch. 24, par. 11-74.4-10Deletes everything after the enacting clause. Reinserts the provisions of the bill as introduced and further amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Provides that the redevelopment project in the TIF District created by an ordinance adopted on (i) September 14, 1994 by the City of Alton, (ii) November 11, 1996 by the City of Lexington and (ii) November 5, 1984 by the City of LeRoy must be completed by December 31 of the 35th year (now the 23rd year) after the year in which the ordinance was adopted. Requires contracts entered into on or after the effective date of this amendatory Act to terminate no later than the estimated dates of completion of the redevelopment project and retirement of the obligations issued to finance redevelopment project costs, with some exceptions. Provides that the proceeds of contracts entered into prior to the effective date of this amendatory Act that are received by the municipality after the redevelopment project area has been terminated shall be deposited into a special fund of the municipality to be used for other community redevelopment needs within the redevelopment project area. With respect to a municipality adopting an ordinance or resolution providing for a feasibility study on the designation of an area as a redevelopment project area, provides that "feasibility study" means a preliminary report to assist a municipality to determine whether or not tax increment allocation financing is appropriate for effective redevelopment of a proposed redevelopment project area. Provides that prior to terminating a redevelopment project area a municipality must close the books and records of the redevelopment project area. Provides that all real or personal property and public improvements acquired by or for the municipality as a result of the redevelopment project and plan shall vest in the municipality when acquired and shall continue to be held by the municipality after the redevelopment project area has been terminated. Provides that revenues received by the municipality from repayments of loans may be used to pay redevelopment project costs. Makes other changes. Effective immediately.House Amendment No. 2 Defines "blighted area" to also mean any area within the boundaries of a redevelopment project area located within the territorial limits of the municipality where, if vacant, the sound growth of the redevelopment project area is impaired by the fact that the area, prior to its designation as a redevelopment project area, is subject to surface water that discharges from all or a part of the area and contributes to flooding within the same watershed, but only if the redevelopment project provides for facilities or improvements to contribute to the alleviation of all or part of the flooding.House Amendment No. 3 Provides that the redevelopment project in the TIF District created by an ordinance adopted on April 3, 1991 or June 3, 1992 by the City of Markham must be completed by December 31 of the 35th year (now the 23rd year) after the year in which the ordinance was adopted. 2/18/2003SenateFiled with Secretary by Sen. William R. Haine 2/18/2003SenateFirst Reading 2/18/2003SenateReferred to Rules 2/19/2003SenateAssigned to Revenue 2/27/2003SenateDo Pass Revenue; 009-000-000 2/27/2003SenatePlaced on Calendar Order of 2nd Reading February 28, 2003 3/5/2003SenateSecond Reading 3/5/2003SenatePlaced on Calendar Order of 3rd Reading March 6, 2003 3/5/2003SenateFiscal Note Filed 3/20/2003SenateThird Reading - Passed; 054-001-000 3/20/2003HouseArrived in House 3/20/2003HousePlaced on Calendar Order of First Reading 3/20/2003HouseChief House Sponsor Rep. Jay C. Hoffman 3/20/2003HouseFirst Reading 3/20/2003HouseReferred to Rules Committee 3/31/2003HouseAssigned to Revenue Committee 4/10/2003HouseHouse Amendment No. 1 Filed with Clerk by Revenue Committee 4/10/2003HouseHouse Amendment No. 1 Adopted by Voice Vote; Revenue Subcom 4/14/2003HouseAdded Alternate Co-Sponsor Rep. Keith P. Sommer 4/15/2003HouseAdded Alternate Chief Co-Sponsor Rep. Robert S. Molaro 4/16/2003HouseDo Pass as Amended / Short Debate Revenue Committee; 008-000-000 4/16/2003HousePlaced on Calendar 2nd Reading - Short Debate 5/7/2003HouseHouse Amendment No. 2 Filed with Clerk by Rep. Chapin Rose 5/7/2003HouseHouse Amendment No. 2 Referred to Rules Committee 5/13/2003HouseHouse Amendment No. 2 Rules Refers to Revenue Committee 5/13/2003HouseAdded Alternate Co-Sponsor Rep. Chapin Rose 5/14/2003HouseHouse Amendment No. 2 Recommends Be Adopted Revenue Committee; 005-000-000 5/14/2003HouseSecond Reading - Short Debate 5/14/2003HouseHouse Amendment No. 2 Adopted by Voice Vote 5/14/2003HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/16/2003HouseCommittee/3rd Reading Deadline Extended-Rule 9(b); May 23, 2003 5/23/2003HouseRecalled to Second Reading - Short Debate 5/23/2003HouseHeld on Calendar Order of Second Reading - Short Debate 5/23/2003HouseHouse Amendment No. 3 Filed with Clerk by Rep. Robert S. Molaro 5/23/2003HouseHouse Amendment No. 3 Referred to Rules Committee 5/23/2003HouseThird Reading/Final Action Deadline Extended-9(b) May 31, 2003 5/27/2003HouseHouse Amendment No. 3 Rules Refers to Revenue Committee 5/28/2003HouseHouse Amendment No. 3 Recommends Be Adopted Revenue Committee; 007-000-000 5/28/2003HouseSecond Reading - Short Debate 5/28/2003HouseHouse Amendment No. 3 Adopted by Voice Vote 5/28/2003HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/29/2003HouseThird Reading - Short Debate - Passed 114-002-000 5/29/2003SenateSecretary's Desk - Concurrence House Amendment(s) 01,02,03 5/29/2003SenatePlaced on Calendar Order of Concurrence House Amendment(s) 01,02,03 - May 30, 2003 5/29/2003SenateHouse Amendment No. 1 Motion to Concur Filed with Secretary Sen. William R. Haine 5/29/2003SenateHouse Amendment No. 1 Motion to Concur Referred to Rules 5/29/2003SenateHouse Amendment No. 2 Motion to Concur Filed with Secretary Sen. William R. Haine 5/29/2003SenateHouse Amendment No. 2 Motion to Concur Referred to Rules 5/29/2003SenateHouse Amendment No. 3 Motion to Concur Filed with Secretary Sen. William R. Haine 5/29/2003SenateHouse Amendment No. 3 Motion to Concur Referred to Rules 5/30/2003SenateHouse Amendment No. 1 Motion to Concur Rules Referred to Revenue 5/30/2003SenateHouse Amendment No. 2 Motion to Concur Rules Referred to Revenue 5/30/2003SenateHouse Amendment No. 3 Motion to Concur Rules Referred to Revenue 5/30/2003SenateHouse Amendment No. 1 Motion to Concur Be Adopted Revenue; 008-000-000 5/30/2003SenateHouse Amendment No. 3 Motion to Concur Be Adopted Revenue; 008-000-000 5/30/2003SenateHouse Amendment No. 2 Motion to Concur Be Adopted Revenue; 008-000-000 5/31/2003SenateHouse Amendment No. 1 Senate Concurs 053-004-001 5/31/2003SenateHouse Amendment No. 2 Senate Concurs 053-004-001 5/31/2003SenateHouse Amendment No. 3 Senate Concurs 053-004-001 5/31/2003SenatePassed Both Houses 6/27/2003SenateSent to the Governor 7/23/2003SenateGovernor Approved 7/23/2003SenateEffective Date July 23, 2003 7/23/2003SenatePublic Act . . . . . . . . . 93-0298