101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
SB2938

 

Introduced 2/4/2020, by Sen. Ann Gillespie

 

SYNOPSIS AS INTRODUCED:
 
65 ILCS 5/11-74.4-3  from Ch. 24, par. 11-74.4-3
65 ILCS 5/11-74.4-3.5
65 ILCS 5/11-74.4-5  from Ch. 24, par. 11-74.4-5
65 ILCS 5/11-74.4-7  from Ch. 24, par. 11-74.4-7

    Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Adds two factors to the determination of a "blighted area" for improved, industrial, commercial, and residential buildings or improvements: (i) if the redevelopment project area has had an annual average unemployment rate of at least 120% of the State's annual average unemployment rate; and (ii) if the redevelopment project area has a poverty rate of at least 20%, 50% or more of children in the redevelopment project area participate in the federal free lunch program, or 20% or more households in the redevelopment project area receive food stamps. Removes or modifies various factors from the definitions of "blighted area" and "conservation area" for improved and vacant areas. Provides that a new redevelopment project shall have a completion date no later than December 31st of the 10th year after the ordinance was adopted (rather than the 23rd year) and may be extended to 15 years (rather than 35 years). Provides that the joint review board and municipality shall approve surplus funds and extensions of redevelopment project area completion dates. Provides that surplus funds shall be distributed annually within 90 days (rather than 180 days) after the close of a municipality's fiscal year. Provides that a new or modified redevelopment project area that overlaps with any existing redevelopment project area shall not be approved. Effective July 1, 2020.


LRB101 16904 AWJ 69238 b

 

 

A BILL FOR

 

SB2938LRB101 16904 AWJ 69238 b

1    AN ACT concerning local government.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Municipal Code is amended by
5changing Sections 11-74.4-3, 11-74.4-3.5, 11-74.4-5, and
611-74.4-7 as follows:
 
7    (65 ILCS 5/11-74.4-3)  (from Ch. 24, par. 11-74.4-3)
8    Sec. 11-74.4-3. Definitions. The following terms, wherever
9used or referred to in this Division 74.4 shall have the
10following respective meanings, unless in any case a different
11meaning clearly appears from the context.
12    (a) For any redevelopment project area that has been
13designated pursuant to this Section by an ordinance adopted
14prior to July 1, 2020 November 1, 1999 (the effective date of
15Public Act 91-478), "blighted area" shall have the meaning set
16forth in this Section prior to that date.
17    On and after July 1, 2020 November 1, 1999, "blighted area"
18means any improved or vacant area within the boundaries of a
19redevelopment project area located within the territorial
20limits of the municipality where:
21        (1) If improved, industrial, commercial, and
22    residential buildings or improvements are detrimental to
23    the public safety, health, or welfare because of a

 

 

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1    combination of 5 or more of the following factors, each of
2    which is (i) present, with that presence documented, to a
3    meaningful extent so that a municipality may reasonably
4    find that the factor is clearly present within the intent
5    of the Act and (ii) reasonably distributed throughout the
6    improved part of the redevelopment project area:
7            (A) (Blank). Dilapidation. An advanced state of
8        disrepair or neglect of necessary repairs to the
9        primary structural components of buildings or
10        improvements in such a combination that a documented
11        building condition analysis determines that major
12        repair is required or the defects are so serious and so
13        extensive that the buildings must be removed.
14            (B) Obsolescence. The condition or process of
15        falling into disuse. Structures have become ill-suited
16        for the original use.
17            (C) (Blank). Deterioration. With respect to
18        buildings, defects including, but not limited to,
19        major defects in the secondary building components
20        such as doors, windows, porches, gutters and
21        downspouts, and fascia. With respect to surface
22        improvements, that the condition of roadways, alleys,
23        curbs, gutters, sidewalks, off-street parking, and
24        surface storage areas evidence deterioration,
25        including, but not limited to, surface cracking,
26        crumbling, potholes, depressions, loose paving

 

 

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1        material, and weeds protruding through paved surfaces.
2            (D) (Blank). Presence of structures below minimum
3        code standards. All structures that do not meet the
4        standards of zoning, subdivision, building, fire, and
5        other governmental codes applicable to property, but
6        not including housing and property maintenance codes.
7            (E) Illegal use of individual structures. The use
8        of structures in violation of applicable federal,
9        State, or local laws, exclusive of those applicable to
10        the presence of structures below minimum code
11        standards.
12            (F) (Blank). Excessive vacancies. The presence of
13        buildings that are unoccupied or under-utilized and
14        that represent an adverse influence on the area because
15        of the frequency, extent, or duration of the vacancies.
16            (G) (Blank). Lack of ventilation, light, or
17        sanitary facilities. The absence of adequate
18        ventilation for light or air circulation in spaces or
19        rooms without windows, or that require the removal of
20        dust, odor, gas, smoke, or other noxious airborne
21        materials. Inadequate natural light and ventilation
22        means the absence of skylights or windows for interior
23        spaces or rooms and improper window sizes and amounts
24        by room area to window area ratios. Inadequate sanitary
25        facilities refers to the absence or inadequacy of
26        garbage storage and enclosure, bathroom facilities,

 

 

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1        hot water and kitchens, and structural inadequacies
2        preventing ingress and egress to and from all rooms and
3        units within a building.
4            (H) Inadequate utilities. Underground and overhead
5        utilities such as storm sewers and storm drainage,
6        sanitary sewers, water lines, and gas, telephone, and
7        electrical services that are shown to be inadequate.
8        Inadequate utilities are those that are: (i) of
9        insufficient capacity to serve the uses in the
10        redevelopment project area, (ii) deteriorated,
11        antiquated, obsolete, or in disrepair, or (iii)
12        lacking within the redevelopment project area.
13            (I) Excessive land coverage and overcrowding of
14        structures and community facilities. The
15        over-intensive use of property and the crowding of
16        buildings and accessory facilities onto a site.
17        Examples of problem conditions warranting the
18        designation of an area as one exhibiting excessive land
19        coverage are: (i) the presence of buildings either
20        improperly situated on parcels or located on parcels of
21        inadequate size and shape in relation to present-day
22        standards of development for health and safety and (ii)
23        the presence of multiple buildings on a single parcel.
24        For there to be a finding of excessive land coverage,
25        these parcels must exhibit one or more of the following
26        conditions: insufficient provision for light and air

 

 

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1        within or around buildings, increased threat of spread
2        of fire due to the close proximity of buildings, lack
3        of adequate or proper access to a public right-of-way,
4        lack of reasonably required off-street parking, or
5        inadequate provision for loading and service.
6            (J) (Blank). Deleterious land use or layout. The
7        existence of incompatible land-use relationships,
8        buildings occupied by inappropriate mixed-uses, or
9        uses considered to be noxious, offensive, or
10        unsuitable for the surrounding area.
11            (K) Environmental clean-up. The proposed
12        redevelopment project area has incurred Illinois
13        Environmental Protection Agency or United States
14        Environmental Protection Agency remediation costs for,
15        or a study conducted by an independent consultant
16        recognized as having expertise in environmental
17        remediation has determined a need for, the clean-up of
18        hazardous waste, hazardous substances, or underground
19        storage tanks required by State or federal law,
20        provided that the remediation costs constitute a
21        material impediment to the development or
22        redevelopment of the redevelopment project area.
23            (L) (Blank). Lack of community planning. The
24        proposed redevelopment project area was developed
25        prior to or without the benefit or guidance of a
26        community plan. This means that the development

 

 

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1        occurred prior to the adoption by the municipality of a
2        comprehensive or other community plan or that the plan
3        was not followed at the time of the area's development.
4        This factor must be documented by evidence of adverse
5        or incompatible land-use relationships, inadequate
6        street layout, improper subdivision, parcels of
7        inadequate shape and size to meet contemporary
8        development standards, or other evidence demonstrating
9        an absence of effective community planning.
10            (M) The total equalized assessed value of the
11        proposed redevelopment project area has declined for 3
12        of the last 5 calendar years prior to the year in which
13        the redevelopment project area is designated. or is
14        increasing at an annual rate that is less than the
15        balance of the municipality for 3 of the last 5
16        calendar years for which information is available or is
17        increasing at an annual rate that is less than the
18        Consumer Price Index for All Urban Consumers published
19        by the United States Department of Labor or successor
20        agency for 3 of the last 5 calendar years prior to the
21        year in which the redevelopment project area is
22        designated.
23            (N) The proposed redevelopment project area has
24        had an annual average unemployment rate of at least
25        120% of the State's annual average unemployment rate
26        for the most recent calendar year that immediately

 

 

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1        preceded the calendar year last reported by the
2        Department of Employment Security.
3            (O) The proposed redevelopment project area has a
4        poverty rate of at least: 20% according to the latest
5        federal decennial census; 50% or more of children in
6        the proposed redevelopment project area participate in
7        the federal free lunch program according to reported
8        statistics from the State Board of Education; or 20% or
9        more households in the proposed redevelopment project
10        area receive food stamps according to the latest
11        federal decennial census.
12        (2) If vacant, the sound growth of the redevelopment
13    project area is impaired by a combination of 2 or more of
14    the following factors, each of which is (i) present, with
15    that presence documented, to a meaningful extent so that a
16    municipality may reasonably find that the factor is clearly
17    present within the intent of the Act and (ii) reasonably
18    distributed throughout the vacant part of the
19    redevelopment project area to which it pertains:
20            (A) (Blank). Obsolete platting of vacant land that
21        results in parcels of limited or narrow size or
22        configurations of parcels of irregular size or shape
23        that would be difficult to develop on a planned basis
24        and in a manner compatible with contemporary standards
25        and requirements, or platting that failed to create
26        rights-of-ways for streets or alleys or that created

 

 

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1        inadequate right-of-way widths for streets, alleys, or
2        other public rights-of-way or that omitted easements
3        for public utilities.
4            (B) (Blank). Diversity of ownership of parcels of
5        vacant land sufficient in number to retard or impede
6        the ability to assemble the land for development.
7            (C) Tax and special assessment delinquencies exist
8        or the property has been the subject of tax sales under
9        the Property Tax Code within the last 5 years.
10            (D) (Blank). Deterioration of structures or site
11        improvements in neighboring areas adjacent to the
12        vacant land.
13            (E) The area has incurred Illinois Environmental
14        Protection Agency or United States Environmental
15        Protection Agency remediation costs for, or a study
16        conducted by an independent consultant recognized as
17        having expertise in environmental remediation has
18        determined a need for, the clean-up of hazardous waste,
19        hazardous substances, or underground storage tanks
20        required by State or federal law, provided that the
21        remediation costs constitute a material impediment to
22        the development or redevelopment of the redevelopment
23        project area.
24            (F) The total equalized assessed value of the
25        proposed redevelopment project area has declined for 3
26        of the last 5 calendar years prior to the year in which

 

 

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1        the redevelopment project area is designated. or is
2        increasing at an annual rate that is less than the
3        balance of the municipality for 3 of the last 5
4        calendar years for which information is available or is
5        increasing at an annual rate that is less than the
6        Consumer Price Index for All Urban Consumers published
7        by the United States Department of Labor or successor
8        agency for 3 of the last 5 calendar years prior to the
9        year in which the redevelopment project area is
10        designated.
11        (3) If vacant, the sound growth of the redevelopment
12    project area is impaired by one of the following factors
13    that (i) is present, with that presence documented, to a
14    meaningful extent so that a municipality may reasonably
15    find that the factor is clearly present within the intent
16    of the Act and (ii) is reasonably distributed throughout
17    the vacant part of the redevelopment project area to which
18    it pertains:
19            (A) The area consists of one or more unused
20        quarries, mines, or strip mine ponds.
21            (B) The area consists of unused rail yards, rail
22        tracks, or railroad rights-of-way.
23            (C) The area, prior to its designation, is subject
24        to (i) chronic flooding that adversely impacts on real
25        property in the area as certified by a registered
26        professional engineer or appropriate regulatory agency

 

 

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1        or (ii) surface water that discharges from all or a
2        part of the area and contributes to flooding within the
3        same watershed, but only if the redevelopment project
4        provides for facilities or improvements to contribute
5        to the alleviation of all or part of the flooding.
6            (D) The area consists of an unused or illegal
7        disposal site containing earth, stone, building
8        debris, or similar materials that were removed from
9        construction, demolition, excavation, or dredge sites.
10            (E) Prior to November 1, 1999, the area is not less
11        than 50 nor more than 100 acres and 75% of which is
12        vacant (notwithstanding that the area has been used for
13        commercial agricultural purposes within 5 years prior
14        to the designation of the redevelopment project area),
15        and the area meets at least one of the factors itemized
16        in paragraph (1) of this subsection, the area has been
17        designated as a town or village center by ordinance or
18        comprehensive plan adopted prior to January 1, 1982,
19        and the area has not been developed for that designated
20        purpose.
21            (F) (Blank). The area qualified as a blighted
22        improved area immediately prior to becoming vacant,
23        unless there has been substantial private investment
24        in the immediately surrounding area.
25    (b) For any redevelopment project area that has been
26designated pursuant to this Section by an ordinance adopted

 

 

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1prior to July 1, 2020 November 1, 1999 (the effective date of
2Public Act 91-478), "conservation area" shall have the meaning
3set forth in this Section prior to that date.
4    On and after July 1, 2020 November 1, 1999, "conservation
5area" means any improved area within the boundaries of a
6redevelopment project area located within the territorial
7limits of the municipality in which 50% or more of the
8structures in the area have an age of 35 years or more. Such an
9area is not yet a blighted area but because of a combination of
103 or more of the following factors is detrimental to the public
11safety, health, morals or welfare and such an area may become a
12blighted area:
13        (1) (Blank). Dilapidation. An advanced state of
14    disrepair or neglect of necessary repairs to the primary
15    structural components of buildings or improvements in such
16    a combination that a documented building condition
17    analysis determines that major repair is required or the
18    defects are so serious and so extensive that the buildings
19    must be removed.
20        (2) Obsolescence. The condition or process of falling
21    into disuse. Structures have become ill-suited for the
22    original use.
23        (3) (Blank). Deterioration. With respect to buildings,
24    defects including, but not limited to, major defects in the
25    secondary building components such as doors, windows,
26    porches, gutters and downspouts, and fascia. With respect

 

 

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1    to surface improvements, that the condition of roadways,
2    alleys, curbs, gutters, sidewalks, off-street parking, and
3    surface storage areas evidence deterioration, including,
4    but not limited to, surface cracking, crumbling, potholes,
5    depressions, loose paving material, and weeds protruding
6    through paved surfaces.
7        (4) (Blank). Presence of structures below minimum code
8    standards. All structures that do not meet the standards of
9    zoning, subdivision, building, fire, and other
10    governmental codes applicable to property, but not
11    including housing and property maintenance codes.
12        (5) Illegal use of individual structures. The use of
13    structures in violation of applicable federal, State, or
14    local laws, exclusive of those applicable to the presence
15    of structures below minimum code standards.
16        (6) (Blank). Excessive vacancies. The presence of
17    buildings that are unoccupied or under-utilized and that
18    represent an adverse influence on the area because of the
19    frequency, extent, or duration of the vacancies.
20        (7) (Blank). Lack of ventilation, light, or sanitary
21    facilities. The absence of adequate ventilation for light
22    or air circulation in spaces or rooms without windows, or
23    that require the removal of dust, odor, gas, smoke, or
24    other noxious airborne materials. Inadequate natural light
25    and ventilation means the absence or inadequacy of
26    skylights or windows for interior spaces or rooms and

 

 

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1    improper window sizes and amounts by room area to window
2    area ratios. Inadequate sanitary facilities refers to the
3    absence or inadequacy of garbage storage and enclosure,
4    bathroom facilities, hot water and kitchens, and
5    structural inadequacies preventing ingress and egress to
6    and from all rooms and units within a building.
7        (8) Inadequate utilities. Underground and overhead
8    utilities such as storm sewers and storm drainage, sanitary
9    sewers, water lines, and gas, telephone, and electrical
10    services that are shown to be inadequate. Inadequate
11    utilities are those that are: (i) of insufficient capacity
12    to serve the uses in the redevelopment project area, (ii)
13    deteriorated, antiquated, obsolete, or in disrepair, or
14    (iii) lacking within the redevelopment project area.
15        (9) Excessive land coverage and overcrowding of
16    structures and community facilities. The over-intensive
17    use of property and the crowding of buildings and accessory
18    facilities onto a site. Examples of problem conditions
19    warranting the designation of an area as one exhibiting
20    excessive land coverage are: the presence of buildings
21    either improperly situated on parcels or located on parcels
22    of inadequate size and shape in relation to present-day
23    standards of development for health and safety and the
24    presence of multiple buildings on a single parcel. For
25    there to be a finding of excessive land coverage, these
26    parcels must exhibit one or more of the following

 

 

SB2938- 14 -LRB101 16904 AWJ 69238 b

1    conditions: insufficient provision for light and air
2    within or around buildings, increased threat of spread of
3    fire due to the close proximity of buildings, lack of
4    adequate or proper access to a public right-of-way, lack of
5    reasonably required off-street parking, or inadequate
6    provision for loading and service.
7        (10) (Blank). Deleterious land use or layout. The
8    existence of incompatible land-use relationships,
9    buildings occupied by inappropriate mixed-uses, or uses
10    considered to be noxious, offensive, or unsuitable for the
11    surrounding area.
12        (11) (Blank). Lack of community planning. The proposed
13    redevelopment project area was developed prior to or
14    without the benefit or guidance of a community plan. This
15    means that the development occurred prior to the adoption
16    by the municipality of a comprehensive or other community
17    plan or that the plan was not followed at the time of the
18    area's development. This factor must be documented by
19    evidence of adverse or incompatible land-use
20    relationships, inadequate street layout, improper
21    subdivision, parcels of inadequate shape and size to meet
22    contemporary development standards, or other evidence
23    demonstrating an absence of effective community planning.
24        (12) The area has incurred Illinois Environmental
25    Protection Agency or United States Environmental
26    Protection Agency remediation costs for, or a study

 

 

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1    conducted by an independent consultant recognized as
2    having expertise in environmental remediation has
3    determined a need for, the clean-up of hazardous waste,
4    hazardous substances, or underground storage tanks
5    required by State or federal law, provided that the
6    remediation costs constitute a material impediment to the
7    development or redevelopment of the redevelopment project
8    area.
9        (13) The total equalized assessed value of the proposed
10    redevelopment project area has declined for 3 of the last 5
11    calendar years for which information is available. or is
12    increasing at an annual rate that is less than the balance
13    of the municipality for 3 of the last 5 calendar years for
14    which information is available or is increasing at an
15    annual rate that is less than the Consumer Price Index for
16    All Urban Consumers published by the United States
17    Department of Labor or successor agency for 3 of the last 5
18    calendar years for which information is available.
19    (c) "Industrial park" means an area in a blighted or
20conservation area suitable for use by any manufacturing,
21industrial, research or transportation enterprise, of
22facilities to include but not be limited to factories, mills,
23processing plants, assembly plants, packing plants,
24fabricating plants, industrial distribution centers,
25warehouses, repair overhaul or service facilities, freight
26terminals, research facilities, test facilities or railroad

 

 

SB2938- 16 -LRB101 16904 AWJ 69238 b

1facilities.
2    (d) "Industrial park conservation area" means an area
3within the boundaries of a redevelopment project area located
4within the territorial limits of a municipality that is a labor
5surplus municipality or within 1 1/2 miles of the territorial
6limits of a municipality that is a labor surplus municipality
7if the area is annexed to the municipality; which area is zoned
8as industrial no later than at the time the municipality by
9ordinance designates the redevelopment project area, and which
10area includes both vacant land suitable for use as an
11industrial park and a blighted area or conservation area
12contiguous to such vacant land.
13    (e) "Labor surplus municipality" means a municipality in
14which, at any time during the 6 months before the municipality
15by ordinance designates an industrial park conservation area,
16the unemployment rate was over 6% and was also 100% or more of
17the national average unemployment rate for that same time as
18published in the United States Department of Labor Bureau of
19Labor Statistics publication entitled "The Employment
20Situation" or its successor publication. For the purpose of
21this subsection, if unemployment rate statistics for the
22municipality are not available, the unemployment rate in the
23municipality shall be deemed to be the same as the unemployment
24rate in the principal county in which the municipality is
25located.
26    (f) "Municipality" shall mean a city, village,

 

 

SB2938- 17 -LRB101 16904 AWJ 69238 b

1incorporated town, or a township that is located in the
2unincorporated portion of a county with 3 million or more
3inhabitants, if the county adopted an ordinance that approved
4the township's redevelopment plan.
5    (g) "Initial Sales Tax Amounts" means the amount of taxes
6paid under the Retailers' Occupation Tax Act, Use Tax Act,
7Service Use Tax Act, the Service Occupation Tax Act, the
8Municipal Retailers' Occupation Tax Act, and the Municipal
9Service Occupation Tax Act by retailers and servicemen on
10transactions at places located in a State Sales Tax Boundary
11during the calendar year 1985.
12    (g-1) "Revised Initial Sales Tax Amounts" means the amount
13of taxes paid under the Retailers' Occupation Tax Act, Use Tax
14Act, Service Use Tax Act, the Service Occupation Tax Act, the
15Municipal Retailers' Occupation Tax Act, and the Municipal
16Service Occupation Tax Act by retailers and servicemen on
17transactions at places located within the State Sales Tax
18Boundary revised pursuant to Section 11-74.4-8a(9) of this Act.
19    (h) "Municipal Sales Tax Increment" means an amount equal
20to the increase in the aggregate amount of taxes paid to a
21municipality from the Local Government Tax Fund arising from
22sales by retailers and servicemen within the redevelopment
23project area or State Sales Tax Boundary, as the case may be,
24for as long as the redevelopment project area or State Sales
25Tax Boundary, as the case may be, exist over and above the
26aggregate amount of taxes as certified by the Illinois

 

 

SB2938- 18 -LRB101 16904 AWJ 69238 b

1Department of Revenue and paid under the Municipal Retailers'
2Occupation Tax Act and the Municipal Service Occupation Tax Act
3by retailers and servicemen, on transactions at places of
4business located in the redevelopment project area or State
5Sales Tax Boundary, as the case may be, during the base year
6which shall be the calendar year immediately prior to the year
7in which the municipality adopted tax increment allocation
8financing. For purposes of computing the aggregate amount of
9such taxes for base years occurring prior to 1985, the
10Department of Revenue shall determine the Initial Sales Tax
11Amounts for such taxes and deduct therefrom an amount equal to
124% of the aggregate amount of taxes per year for each year the
13base year is prior to 1985, but not to exceed a total deduction
14of 12%. The amount so determined shall be known as the
15"Adjusted Initial Sales Tax Amounts". For purposes of
16determining the Municipal Sales Tax Increment, the Department
17of Revenue shall for each period subtract from the amount paid
18to the municipality from the Local Government Tax Fund arising
19from sales by retailers and servicemen on transactions located
20in the redevelopment project area or the State Sales Tax
21Boundary, as the case may be, the certified Initial Sales Tax
22Amounts, the Adjusted Initial Sales Tax Amounts or the Revised
23Initial Sales Tax Amounts for the Municipal Retailers'
24Occupation Tax Act and the Municipal Service Occupation Tax
25Act. For the State Fiscal Year 1989, this calculation shall be
26made by utilizing the calendar year 1987 to determine the tax

 

 

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1amounts received. For the State Fiscal Year 1990, this
2calculation shall be made by utilizing the period from January
31, 1988, until September 30, 1988, to determine the tax amounts
4received from retailers and servicemen pursuant to the
5Municipal Retailers' Occupation Tax and the Municipal Service
6Occupation Tax Act, which shall have deducted therefrom
7nine-twelfths of the certified Initial Sales Tax Amounts, the
8Adjusted Initial Sales Tax Amounts or the Revised Initial Sales
9Tax Amounts as appropriate. For the State Fiscal Year 1991,
10this calculation shall be made by utilizing the period from
11October 1, 1988, to June 30, 1989, to determine the tax amounts
12received from retailers and servicemen pursuant to the
13Municipal Retailers' Occupation Tax and the Municipal Service
14Occupation Tax Act which shall have deducted therefrom
15nine-twelfths of the certified Initial Sales Tax Amounts,
16Adjusted Initial Sales Tax Amounts or the Revised Initial Sales
17Tax Amounts as appropriate. For every State Fiscal Year
18thereafter, the applicable period shall be the 12 months
19beginning July 1 and ending June 30 to determine the tax
20amounts received which shall have deducted therefrom the
21certified Initial Sales Tax Amounts, the Adjusted Initial Sales
22Tax Amounts or the Revised Initial Sales Tax Amounts, as the
23case may be.
24    (i) "Net State Sales Tax Increment" means the sum of the
25following: (a) 80% of the first $100,000 of State Sales Tax
26Increment annually generated within a State Sales Tax Boundary;

 

 

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1(b) 60% of the amount in excess of $100,000 but not exceeding
2$500,000 of State Sales Tax Increment annually generated within
3a State Sales Tax Boundary; and (c) 40% of all amounts in
4excess of $500,000 of State Sales Tax Increment annually
5generated within a State Sales Tax Boundary. If, however, a
6municipality established a tax increment financing district in
7a county with a population in excess of 3,000,000 before
8January 1, 1986, and the municipality entered into a contract
9or issued bonds after January 1, 1986, but before December 31,
101986, to finance redevelopment project costs within a State
11Sales Tax Boundary, then the Net State Sales Tax Increment
12means, for the fiscal years beginning July 1, 1990, and July 1,
131991, 100% of the State Sales Tax Increment annually generated
14within a State Sales Tax Boundary; and notwithstanding any
15other provision of this Act, for those fiscal years the
16Department of Revenue shall distribute to those municipalities
17100% of their Net State Sales Tax Increment before any
18distribution to any other municipality and regardless of
19whether or not those other municipalities will receive 100% of
20their Net State Sales Tax Increment. For Fiscal Year 1999, and
21every year thereafter until the year 2007, for any municipality
22that has not entered into a contract or has not issued bonds
23prior to June 1, 1988 to finance redevelopment project costs
24within a State Sales Tax Boundary, the Net State Sales Tax
25Increment shall be calculated as follows: By multiplying the
26Net State Sales Tax Increment by 90% in the State Fiscal Year

 

 

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11999; 80% in the State Fiscal Year 2000; 70% in the State
2Fiscal Year 2001; 60% in the State Fiscal Year 2002; 50% in the
3State Fiscal Year 2003; 40% in the State Fiscal Year 2004; 30%
4in the State Fiscal Year 2005; 20% in the State Fiscal Year
52006; and 10% in the State Fiscal Year 2007. No payment shall
6be made for State Fiscal Year 2008 and thereafter.
7    Municipalities that issued bonds in connection with a
8redevelopment project in a redevelopment project area within
9the State Sales Tax Boundary prior to July 29, 1991, or that
10entered into contracts in connection with a redevelopment
11project in a redevelopment project area before June 1, 1988,
12shall continue to receive their proportional share of the
13Illinois Tax Increment Fund distribution until the date on
14which the redevelopment project is completed or terminated. If,
15however, a municipality that issued bonds in connection with a
16redevelopment project in a redevelopment project area within
17the State Sales Tax Boundary prior to July 29, 1991 retires the
18bonds prior to June 30, 2007 or a municipality that entered
19into contracts in connection with a redevelopment project in a
20redevelopment project area before June 1, 1988 completes the
21contracts prior to June 30, 2007, then so long as the
22redevelopment project is not completed or is not terminated,
23the Net State Sales Tax Increment shall be calculated,
24beginning on the date on which the bonds are retired or the
25contracts are completed, as follows: By multiplying the Net
26State Sales Tax Increment by 60% in the State Fiscal Year 2002;

 

 

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150% in the State Fiscal Year 2003; 40% in the State Fiscal Year
22004; 30% in the State Fiscal Year 2005; 20% in the State
3Fiscal Year 2006; and 10% in the State Fiscal Year 2007. No
4payment shall be made for State Fiscal Year 2008 and
5thereafter. Refunding of any bonds issued prior to July 29,
61991, shall not alter the Net State Sales Tax Increment.
7    (j) "State Utility Tax Increment Amount" means an amount
8equal to the aggregate increase in State electric and gas tax
9charges imposed on owners and tenants, other than residential
10customers, of properties located within the redevelopment
11project area under Section 9-222 of the Public Utilities Act,
12over and above the aggregate of such charges as certified by
13the Department of Revenue and paid by owners and tenants, other
14than residential customers, of properties within the
15redevelopment project area during the base year, which shall be
16the calendar year immediately prior to the year of the adoption
17of the ordinance authorizing tax increment allocation
18financing.
19    (k) "Net State Utility Tax Increment" means the sum of the
20following: (a) 80% of the first $100,000 of State Utility Tax
21Increment annually generated by a redevelopment project area;
22(b) 60% of the amount in excess of $100,000 but not exceeding
23$500,000 of the State Utility Tax Increment annually generated
24by a redevelopment project area; and (c) 40% of all amounts in
25excess of $500,000 of State Utility Tax Increment annually
26generated by a redevelopment project area. For the State Fiscal

 

 

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1Year 1999, and every year thereafter until the year 2007, for
2any municipality that has not entered into a contract or has
3not issued bonds prior to June 1, 1988 to finance redevelopment
4project costs within a redevelopment project area, the Net
5State Utility Tax Increment shall be calculated as follows: By
6multiplying the Net State Utility Tax Increment by 90% in the
7State Fiscal Year 1999; 80% in the State Fiscal Year 2000; 70%
8in the State Fiscal Year 2001; 60% in the State Fiscal Year
92002; 50% in the State Fiscal Year 2003; 40% in the State
10Fiscal Year 2004; 30% in the State Fiscal Year 2005; 20% in the
11State Fiscal Year 2006; and 10% in the State Fiscal Year 2007.
12No payment shall be made for the State Fiscal Year 2008 and
13thereafter.
14    Municipalities that issue bonds in connection with the
15redevelopment project during the period from June 1, 1988 until
163 years after the effective date of this Amendatory Act of 1988
17shall receive the Net State Utility Tax Increment, subject to
18appropriation, for 15 State Fiscal Years after the issuance of
19such bonds. For the 16th through the 20th State Fiscal Years
20after issuance of the bonds, the Net State Utility Tax
21Increment shall be calculated as follows: By multiplying the
22Net State Utility Tax Increment by 90% in year 16; 80% in year
2317; 70% in year 18; 60% in year 19; and 50% in year 20.
24Refunding of any bonds issued prior to June 1, 1988, shall not
25alter the revised Net State Utility Tax Increment payments set
26forth above.

 

 

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1    (l) "Obligations" mean bonds, loans, debentures, notes,
2special certificates or other evidence of indebtedness issued
3by the municipality to carry out a redevelopment project or to
4refund outstanding obligations.
5    (m) "Payment in lieu of taxes" means those estimated tax
6revenues from real property in a redevelopment project area
7derived from real property that has been acquired by a
8municipality which according to the redevelopment project or
9plan is to be used for a private use which taxing districts
10would have received had a municipality not acquired the real
11property and adopted tax increment allocation financing and
12which would result from levies made after the time of the
13adoption of tax increment allocation financing to the time the
14current equalized value of real property in the redevelopment
15project area exceeds the total initial equalized value of real
16property in said area.
17    (n) "Redevelopment plan" means the comprehensive program
18of the municipality for development or redevelopment intended
19by the payment of redevelopment project costs to reduce or
20eliminate those conditions the existence of which qualified the
21redevelopment project area as a "blighted area" or
22"conservation area" or combination thereof or "industrial park
23conservation area," and thereby to enhance the tax bases of the
24taxing districts which extend into the redevelopment project
25area, provided that, with respect to redevelopment project
26areas described in subsections (p-1) and (p-2), "redevelopment

 

 

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1plan" means the comprehensive program of the affected
2municipality for the development of qualifying transit
3facilities. On and after November 1, 1999 (the effective date
4of Public Act 91-478), no redevelopment plan may be approved or
5amended that includes the development of vacant land (i) with a
6golf course and related clubhouse and other facilities or (ii)
7designated by federal, State, county, or municipal government
8as public land for outdoor recreational activities or for
9nature preserves and used for that purpose within 5 years prior
10to the adoption of the redevelopment plan. For the purpose of
11this subsection, "recreational activities" is limited to mean
12camping and hunting. Each redevelopment plan shall set forth in
13writing the program to be undertaken to accomplish the
14objectives and shall include but not be limited to:
15        (A) an itemized list of estimated redevelopment
16    project costs;
17        (B) evidence indicating that the redevelopment project
18    area on the whole has not been subject to growth and
19    development through investment by private enterprise,
20    provided that such evidence shall not be required for any
21    redevelopment project area located within a transit
22    facility improvement area established pursuant to Section
23    11-74.4-3.3;
24        (C) an assessment of any financial impact of the
25    redevelopment project area on or any increased demand for
26    services from any taxing district affected by the plan and

 

 

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1    any program to address such financial impact or increased
2    demand;
3        (D) the sources of funds to pay costs;
4        (E) the nature and term of the obligations to be
5    issued;
6        (F) the most recent equalized assessed valuation of the
7    redevelopment project area;
8        (G) an estimate as to the equalized assessed valuation
9    after redevelopment and the general land uses to apply in
10    the redevelopment project area;
11        (H) a commitment to fair employment practices and an
12    affirmative action plan;
13        (I) if it concerns an industrial park conservation
14    area, the plan shall also include a general description of
15    any proposed developer, user and tenant of any property, a
16    description of the type, structure and general character of
17    the facilities to be developed, a description of the type,
18    class and number of new employees to be employed in the
19    operation of the facilities to be developed; and
20        (J) if property is to be annexed to the municipality,
21    the plan shall include the terms of the annexation
22    agreement.
23    The provisions of items (B) and (C) of this subsection (n)
24shall not apply to a municipality that before March 14, 1994
25(the effective date of Public Act 88-537) had fixed, either by
26its corporate authorities or by a commission designated under

 

 

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1subsection (k) of Section 11-74.4-4, a time and place for a
2public hearing as required by subsection (a) of Section
311-74.4-5. No redevelopment plan shall be adopted unless a
4municipality complies with all of the following requirements:
5        (1) The municipality finds that the redevelopment
6    project area on the whole has not been subject to growth
7    and development through investment by private enterprise
8    and would not reasonably be anticipated to be developed
9    without the adoption of the redevelopment plan, provided,
10    however, that such a finding shall not be required with
11    respect to any redevelopment project area located within a
12    transit facility improvement area established pursuant to
13    Section 11-74.4-3.3.
14        (2) The municipality finds that the redevelopment plan
15    and project conform to the comprehensive plan for the
16    development of the municipality as a whole, or, for
17    municipalities with a population of 100,000 or more,
18    regardless of when the redevelopment plan and project was
19    adopted, the redevelopment plan and project either: (i)
20    conforms to the strategic economic development or
21    redevelopment plan issued by the designated planning
22    authority of the municipality, or (ii) includes land uses
23    that have been approved by the planning commission of the
24    municipality.
25        (3) The redevelopment plan establishes the estimated
26    dates of completion of the redevelopment project and

 

 

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1    retirement of obligations issued to finance redevelopment
2    project costs. Those dates may not be later than the dates
3    set forth under Section 11-74.4-3.5.
4        A municipality may by municipal ordinance amend an
5    existing redevelopment plan to conform to this paragraph
6    (3) as amended by Public Act 91-478, which municipal
7    ordinance may be adopted without further hearing or notice
8    and without complying with the procedures provided in this
9    Act pertaining to an amendment to or the initial approval
10    of a redevelopment plan and project and designation of a
11    redevelopment project area.
12        (3.5) The municipality finds, in the case of an
13    industrial park conservation area, also that the
14    municipality is a labor surplus municipality and that the
15    implementation of the redevelopment plan will reduce
16    unemployment, create new jobs and by the provision of new
17    facilities enhance the tax base of the taxing districts
18    that extend into the redevelopment project area.
19        (4) If any incremental revenues are being utilized
20    under Section 8(a)(1) or 8(a)(2) of this Act in
21    redevelopment project areas approved by ordinance after
22    January 1, 1986, the municipality finds: (a) that the
23    redevelopment project area would not reasonably be
24    developed without the use of such incremental revenues, and
25    (b) that such incremental revenues will be exclusively
26    utilized for the development of the redevelopment project

 

 

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1    area.
2        (5) If: (a) the redevelopment plan will not result in
3    displacement of residents from 10 or more inhabited
4    residential units, and the municipality certifies in the
5    plan that such displacement will not result from the plan;
6    or (b) the redevelopment plan is for a redevelopment
7    project area located within a transit facility improvement
8    area established pursuant to Section 11-74.4-3.3, and the
9    applicable project is subject to the process for evaluation
10    of environmental effects under the National Environmental
11    Policy Act of 1969, 42 U.S.C. 4321 et seq., then a housing
12    impact study need not be performed. If, however, the
13    redevelopment plan would result in the displacement of
14    residents from 10 or more inhabited residential units, or
15    if the redevelopment project area contains 75 or more
16    inhabited residential units and no certification is made,
17    then the municipality shall prepare, as part of the
18    separate feasibility report required by subsection (a) of
19    Section 11-74.4-5, a housing impact study.
20        Part I of the housing impact study shall include (i)
21    data as to whether the residential units are single family
22    or multi-family units, (ii) the number and type of rooms
23    within the units, if that information is available, (iii)
24    whether the units are inhabited or uninhabited, as
25    determined not less than 45 days before the date that the
26    ordinance or resolution required by subsection (a) of

 

 

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1    Section 11-74.4-5 is passed, and (iv) data as to the racial
2    and ethnic composition of the residents in the inhabited
3    residential units. The data requirement as to the racial
4    and ethnic composition of the residents in the inhabited
5    residential units shall be deemed to be fully satisfied by
6    data from the most recent federal census.
7        Part II of the housing impact study shall identify the
8    inhabited residential units in the proposed redevelopment
9    project area that are to be or may be removed. If inhabited
10    residential units are to be removed, then the housing
11    impact study shall identify (i) the number and location of
12    those units that will or may be removed, (ii) the
13    municipality's plans for relocation assistance for those
14    residents in the proposed redevelopment project area whose
15    residences are to be removed, (iii) the availability of
16    replacement housing for those residents whose residences
17    are to be removed, and shall identify the type, location,
18    and cost of the housing, and (iv) the type and extent of
19    relocation assistance to be provided.
20        (6) On and after November 1, 1999, the housing impact
21    study required by paragraph (5) shall be incorporated in
22    the redevelopment plan for the redevelopment project area.
23        (7) On and after November 1, 1999, no redevelopment
24    plan shall be adopted, nor an existing plan amended, nor
25    shall residential housing that is occupied by households of
26    low-income and very low-income persons in currently

 

 

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1    existing redevelopment project areas be removed after
2    November 1, 1999 unless the redevelopment plan provides,
3    with respect to inhabited housing units that are to be
4    removed for households of low-income and very low-income
5    persons, affordable housing and relocation assistance not
6    less than that which would be provided under the federal
7    Uniform Relocation Assistance and Real Property
8    Acquisition Policies Act of 1970 and the regulations under
9    that Act, including the eligibility criteria. Affordable
10    housing may be either existing or newly constructed
11    housing. For purposes of this paragraph (7), "low-income
12    households", "very low-income households", and "affordable
13    housing" have the meanings set forth in the Illinois
14    Affordable Housing Act. The municipality shall make a good
15    faith effort to ensure that this affordable housing is
16    located in or near the redevelopment project area within
17    the municipality.
18        (8) On and after November 1, 1999, if, after the
19    adoption of the redevelopment plan for the redevelopment
20    project area, any municipality desires to amend its
21    redevelopment plan to remove more inhabited residential
22    units than specified in its original redevelopment plan,
23    that change shall be made in accordance with the procedures
24    in subsection (c) of Section 11-74.4-5.
25        (9) For redevelopment project areas designated prior
26    to November 1, 1999, the redevelopment plan may be amended

 

 

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1    without further joint review board meeting or hearing,
2    provided that the municipality shall give notice of any
3    such changes by mail to each affected taxing district and
4    registrant on the interested party registry, to authorize
5    the municipality to expend tax increment revenues for
6    redevelopment project costs defined by paragraphs (5) and
7    (7.5), subparagraphs (E) and (F) of paragraph (11), and
8    paragraph (11.5) of subsection (q) of Section 11-74.4-3, so
9    long as the changes do not increase the total estimated
10    redevelopment project costs set out in the redevelopment
11    plan by more than 5% after adjustment for inflation from
12    the date the plan was adopted.
13    (o) "Redevelopment project" means any public and private
14development project in furtherance of the objectives of a
15redevelopment plan. On and after November 1, 1999 (the
16effective date of Public Act 91-478), no redevelopment plan may
17be approved or amended that includes the development of vacant
18land (i) with a golf course and related clubhouse and other
19facilities or (ii) designated by federal, State, county, or
20municipal government as public land for outdoor recreational
21activities or for nature preserves and used for that purpose
22within 5 years prior to the adoption of the redevelopment plan.
23For the purpose of this subsection, "recreational activities"
24is limited to mean camping and hunting.
25    (p) "Redevelopment project area" means an area designated
26by the municipality, which is not less in the aggregate than 1

 

 

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11/2 acres and in respect to which the municipality has made a
2finding that there exist conditions which cause the area to be
3classified as an industrial park conservation area or a
4blighted area or a conservation area, or a combination of both
5blighted areas and conservation areas.
6    (p-1) Notwithstanding any provision of this Act to the
7contrary, on and after August 25, 2009 (the effective date of
8Public Act 96-680), a redevelopment project area may include
9areas within a one-half mile radius of an existing or proposed
10Regional Transportation Authority Suburban Transit Access
11Route (STAR Line) station without a finding that the area is
12classified as an industrial park conservation area, a blighted
13area, a conservation area, or a combination thereof, but only
14if the municipality receives unanimous consent from the joint
15review board created to review the proposed redevelopment
16project area.
17    (p-2) Notwithstanding any provision of this Act to the
18contrary, on and after the effective date of this amendatory
19Act of the 99th General Assembly, a redevelopment project area
20may include areas within a transit facility improvement area
21that has been established pursuant to Section 11-74.4-3.3
22without a finding that the area is classified as an industrial
23park conservation area, a blighted area, a conservation area,
24or any combination thereof.
25    (q) "Redevelopment project costs", except for
26redevelopment project areas created pursuant to subsection

 

 

SB2938- 34 -LRB101 16904 AWJ 69238 b

1(p-1) or (p-2), means and includes the sum total of all
2reasonable or necessary costs incurred or estimated to be
3incurred, and any such costs incidental to a redevelopment plan
4and a redevelopment project. Such costs include, without
5limitation, the following:
6        (1) Costs of studies, surveys, development of plans,
7    and specifications, implementation and administration of
8    the redevelopment plan including but not limited to staff
9    and professional service costs for architectural,
10    engineering, legal, financial, planning or other services,
11    provided however that no charges for professional services
12    may be based on a percentage of the tax increment
13    collected; except that on and after November 1, 1999 (the
14    effective date of Public Act 91-478), no contracts for
15    professional services, excluding architectural and
16    engineering services, may be entered into if the terms of
17    the contract extend beyond a period of 3 years. In
18    addition, "redevelopment project costs" shall not include
19    lobbying expenses. After consultation with the
20    municipality, each tax increment consultant or advisor to a
21    municipality that plans to designate or has designated a
22    redevelopment project area shall inform the municipality
23    in writing of any contracts that the consultant or advisor
24    has entered into with entities or individuals that have
25    received, or are receiving, payments financed by tax
26    increment revenues produced by the redevelopment project

 

 

SB2938- 35 -LRB101 16904 AWJ 69238 b

1    area with respect to which the consultant or advisor has
2    performed, or will be performing, service for the
3    municipality. This requirement shall be satisfied by the
4    consultant or advisor before the commencement of services
5    for the municipality and thereafter whenever any other
6    contracts with those individuals or entities are executed
7    by the consultant or advisor;
8        (1.5) After July 1, 1999, annual administrative costs
9    shall not include general overhead or administrative costs
10    of the municipality that would still have been incurred by
11    the municipality if the municipality had not designated a
12    redevelopment project area or approved a redevelopment
13    plan;
14        (1.6) The cost of marketing sites within the
15    redevelopment project area to prospective businesses,
16    developers, and investors;
17        (2) Property assembly costs, including but not limited
18    to acquisition of land and other property, real or
19    personal, or rights or interests therein, demolition of
20    buildings, site preparation, site improvements that serve
21    as an engineered barrier addressing ground level or below
22    ground environmental contamination, including, but not
23    limited to parking lots and other concrete or asphalt
24    barriers, and the clearing and grading of land;
25        (3) Costs of rehabilitation, reconstruction or repair
26    or remodeling of existing public or private buildings,

 

 

SB2938- 36 -LRB101 16904 AWJ 69238 b

1    fixtures, and leasehold improvements; and the cost of
2    replacing an existing public building if pursuant to the
3    implementation of a redevelopment project the existing
4    public building is to be demolished to use the site for
5    private investment or devoted to a different use requiring
6    private investment; including any direct or indirect costs
7    relating to Green Globes or LEED certified construction
8    elements or construction elements with an equivalent
9    certification;
10        (4) Costs of the construction of public works or
11    improvements, including any direct or indirect costs
12    relating to Green Globes or LEED certified construction
13    elements or construction elements with an equivalent
14    certification, except that on and after November 1, 1999,
15    redevelopment project costs shall not include the cost of
16    constructing a new municipal public building principally
17    used to provide offices, storage space, or conference
18    facilities or vehicle storage, maintenance, or repair for
19    administrative, public safety, or public works personnel
20    and that is not intended to replace an existing public
21    building as provided under paragraph (3) of subsection (q)
22    of Section 11-74.4-3 unless either (i) the construction of
23    the new municipal building implements a redevelopment
24    project that was included in a redevelopment plan that was
25    adopted by the municipality prior to November 1, 1999, (ii)
26    the municipality makes a reasonable determination in the

 

 

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1    redevelopment plan, supported by information that provides
2    the basis for that determination, that the new municipal
3    building is required to meet an increase in the need for
4    public safety purposes anticipated to result from the
5    implementation of the redevelopment plan, or (iii) the new
6    municipal public building is for the storage, maintenance,
7    or repair of transit vehicles and is located in a transit
8    facility improvement area that has been established
9    pursuant to Section 11-74.4-3.3;
10        (5) Costs of job training and retraining projects,
11    including the cost of "welfare to work" programs
12    implemented by businesses located within the redevelopment
13    project area;
14        (6) Financing costs, including but not limited to all
15    necessary and incidental expenses related to the issuance
16    of obligations and which may include payment of interest on
17    any obligations issued hereunder including interest
18    accruing during the estimated period of construction of any
19    redevelopment project for which such obligations are
20    issued and for not exceeding 36 months thereafter and
21    including reasonable reserves related thereto;
22        (7) To the extent the municipality by written agreement
23    accepts and approves the same, all or a portion of a taxing
24    district's capital costs resulting from the redevelopment
25    project necessarily incurred or to be incurred within a
26    taxing district in furtherance of the objectives of the

 

 

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1    redevelopment plan and project;
2        (7.5) For redevelopment project areas designated (or
3    redevelopment project areas amended to add or increase the
4    number of tax-increment-financing assisted housing units)
5    on or after November 1, 1999, an elementary, secondary, or
6    unit school district's increased costs attributable to
7    assisted housing units located within the redevelopment
8    project area for which the developer or redeveloper
9    receives financial assistance through an agreement with
10    the municipality or because the municipality incurs the
11    cost of necessary infrastructure improvements within the
12    boundaries of the assisted housing sites necessary for the
13    completion of that housing as authorized by this Act, and
14    which costs shall be paid by the municipality from the
15    Special Tax Allocation Fund when the tax increment revenue
16    is received as a result of the assisted housing units and
17    shall be calculated annually as follows:
18            (A) for foundation districts, excluding any school
19        district in a municipality with a population in excess
20        of 1,000,000, by multiplying the district's increase
21        in attendance resulting from the net increase in new
22        students enrolled in that school district who reside in
23        housing units within the redevelopment project area
24        that have received financial assistance through an
25        agreement with the municipality or because the
26        municipality incurs the cost of necessary

 

 

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1        infrastructure improvements within the boundaries of
2        the housing sites necessary for the completion of that
3        housing as authorized by this Act since the designation
4        of the redevelopment project area by the most recently
5        available per capita tuition cost as defined in Section
6        10-20.12a of the School Code less any increase in
7        general State aid as defined in Section 18-8.05 of the
8        School Code or evidence-based funding as defined in
9        Section 18-8.15 of the School Code attributable to
10        these added new students subject to the following
11        annual limitations:
12                (i) for unit school districts with a district
13            average 1995-96 Per Capita Tuition Charge of less
14            than $5,900, no more than 25% of the total amount
15            of property tax increment revenue produced by
16            those housing units that have received tax
17            increment finance assistance under this Act;
18                (ii) for elementary school districts with a
19            district average 1995-96 Per Capita Tuition Charge
20            of less than $5,900, no more than 17% of the total
21            amount of property tax increment revenue produced
22            by those housing units that have received tax
23            increment finance assistance under this Act; and
24                (iii) for secondary school districts with a
25            district average 1995-96 Per Capita Tuition Charge
26            of less than $5,900, no more than 8% of the total

 

 

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1            amount of property tax increment revenue produced
2            by those housing units that have received tax
3            increment finance assistance under this Act.
4            (B) For alternate method districts, flat grant
5        districts, and foundation districts with a district
6        average 1995-96 Per Capita Tuition Charge equal to or
7        more than $5,900, excluding any school district with a
8        population in excess of 1,000,000, by multiplying the
9        district's increase in attendance resulting from the
10        net increase in new students enrolled in that school
11        district who reside in housing units within the
12        redevelopment project area that have received
13        financial assistance through an agreement with the
14        municipality or because the municipality incurs the
15        cost of necessary infrastructure improvements within
16        the boundaries of the housing sites necessary for the
17        completion of that housing as authorized by this Act
18        since the designation of the redevelopment project
19        area by the most recently available per capita tuition
20        cost as defined in Section 10-20.12a of the School Code
21        less any increase in general state aid as defined in
22        Section 18-8.05 of the School Code or evidence-based
23        funding as defined in Section 18-8.15 of the School
24        Code attributable to these added new students subject
25        to the following annual limitations:
26                (i) for unit school districts, no more than 40%

 

 

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1            of the total amount of property tax increment
2            revenue produced by those housing units that have
3            received tax increment finance assistance under
4            this Act;
5                (ii) for elementary school districts, no more
6            than 27% of the total amount of property tax
7            increment revenue produced by those housing units
8            that have received tax increment finance
9            assistance under this Act; and
10                (iii) for secondary school districts, no more
11            than 13% of the total amount of property tax
12            increment revenue produced by those housing units
13            that have received tax increment finance
14            assistance under this Act.
15            (C) For any school district in a municipality with
16        a population in excess of 1,000,000, the following
17        restrictions shall apply to the reimbursement of
18        increased costs under this paragraph (7.5):
19                (i) no increased costs shall be reimbursed
20            unless the school district certifies that each of
21            the schools affected by the assisted housing
22            project is at or over its student capacity;
23                (ii) the amount reimbursable shall be reduced
24            by the value of any land donated to the school
25            district by the municipality or developer, and by
26            the value of any physical improvements made to the

 

 

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1            schools by the municipality or developer; and
2                (iii) the amount reimbursed may not affect
3            amounts otherwise obligated by the terms of any
4            bonds, notes, or other funding instruments, or the
5            terms of any redevelopment agreement.
6        Any school district seeking payment under this
7        paragraph (7.5) shall, after July 1 and before
8        September 30 of each year, provide the municipality
9        with reasonable evidence to support its claim for
10        reimbursement before the municipality shall be
11        required to approve or make the payment to the school
12        district. If the school district fails to provide the
13        information during this period in any year, it shall
14        forfeit any claim to reimbursement for that year.
15        School districts may adopt a resolution waiving the
16        right to all or a portion of the reimbursement
17        otherwise required by this paragraph (7.5). By
18        acceptance of this reimbursement the school district
19        waives the right to directly or indirectly set aside,
20        modify, or contest in any manner the establishment of
21        the redevelopment project area or projects;
22        (7.7) For redevelopment project areas designated (or
23    redevelopment project areas amended to add or increase the
24    number of tax-increment-financing assisted housing units)
25    on or after January 1, 2005 (the effective date of Public
26    Act 93-961), a public library district's increased costs

 

 

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1    attributable to assisted housing units located within the
2    redevelopment project area for which the developer or
3    redeveloper receives financial assistance through an
4    agreement with the municipality or because the
5    municipality incurs the cost of necessary infrastructure
6    improvements within the boundaries of the assisted housing
7    sites necessary for the completion of that housing as
8    authorized by this Act shall be paid to the library
9    district by the municipality from the Special Tax
10    Allocation Fund when the tax increment revenue is received
11    as a result of the assisted housing units. This paragraph
12    (7.7) applies only if (i) the library district is located
13    in a county that is subject to the Property Tax Extension
14    Limitation Law or (ii) the library district is not located
15    in a county that is subject to the Property Tax Extension
16    Limitation Law but the district is prohibited by any other
17    law from increasing its tax levy rate without a prior voter
18    referendum.
19        The amount paid to a library district under this
20    paragraph (7.7) shall be calculated by multiplying (i) the
21    net increase in the number of persons eligible to obtain a
22    library card in that district who reside in housing units
23    within the redevelopment project area that have received
24    financial assistance through an agreement with the
25    municipality or because the municipality incurs the cost of
26    necessary infrastructure improvements within the

 

 

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1    boundaries of the housing sites necessary for the
2    completion of that housing as authorized by this Act since
3    the designation of the redevelopment project area by (ii)
4    the per-patron cost of providing library services so long
5    as it does not exceed $120. The per-patron cost shall be
6    the Total Operating Expenditures Per Capita for the library
7    in the previous fiscal year. The municipality may deduct
8    from the amount that it must pay to a library district
9    under this paragraph any amount that it has voluntarily
10    paid to the library district from the tax increment
11    revenue. The amount paid to a library district under this
12    paragraph (7.7) shall be no more than 2% of the amount
13    produced by the assisted housing units and deposited into
14    the Special Tax Allocation Fund.
15        A library district is not eligible for any payment
16    under this paragraph (7.7) unless the library district has
17    experienced an increase in the number of patrons from the
18    municipality that created the tax-increment-financing
19    district since the designation of the redevelopment
20    project area.
21        Any library district seeking payment under this
22    paragraph (7.7) shall, after July 1 and before September 30
23    of each year, provide the municipality with convincing
24    evidence to support its claim for reimbursement before the
25    municipality shall be required to approve or make the
26    payment to the library district. If the library district

 

 

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1    fails to provide the information during this period in any
2    year, it shall forfeit any claim to reimbursement for that
3    year. Library districts may adopt a resolution waiving the
4    right to all or a portion of the reimbursement otherwise
5    required by this paragraph (7.7). By acceptance of such
6    reimbursement, the library district shall forfeit any
7    right to directly or indirectly set aside, modify, or
8    contest in any manner whatsoever the establishment of the
9    redevelopment project area or projects;
10        (8) Relocation costs to the extent that a municipality
11    determines that relocation costs shall be paid or is
12    required to make payment of relocation costs by federal or
13    State law or in order to satisfy subparagraph (7) of
14    subsection (n);
15        (9) Payment in lieu of taxes;
16        (10) Costs of job training, retraining, advanced
17    vocational education or career education, including but
18    not limited to courses in occupational, semi-technical or
19    technical fields leading directly to employment, incurred
20    by one or more taxing districts, provided that such costs
21    (i) are related to the establishment and maintenance of
22    additional job training, advanced vocational education or
23    career education programs for persons employed or to be
24    employed by employers located in a redevelopment project
25    area; and (ii) when incurred by a taxing district or taxing
26    districts other than the municipality, are set forth in a

 

 

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1    written agreement by or among the municipality and the
2    taxing district or taxing districts, which agreement
3    describes the program to be undertaken, including but not
4    limited to the number of employees to be trained, a
5    description of the training and services to be provided,
6    the number and type of positions available or to be
7    available, itemized costs of the program and sources of
8    funds to pay for the same, and the term of the agreement.
9    Such costs include, specifically, the payment by community
10    college districts of costs pursuant to Sections 3-37, 3-38,
11    3-40 and 3-40.1 of the Public Community College Act and by
12    school districts of costs pursuant to Sections 10-22.20a
13    and 10-23.3a of the School Code;
14        (11) Interest cost incurred by a redeveloper related to
15    the construction, renovation or rehabilitation of a
16    redevelopment project provided that:
17            (A) such costs are to be paid directly from the
18        special tax allocation fund established pursuant to
19        this Act;
20            (B) such payments in any one year may not exceed
21        30% of the annual interest costs incurred by the
22        redeveloper with regard to the redevelopment project
23        during that year;
24            (C) if there are not sufficient funds available in
25        the special tax allocation fund to make the payment
26        pursuant to this paragraph (11) then the amounts so due

 

 

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1        shall accrue and be payable when sufficient funds are
2        available in the special tax allocation fund;
3            (D) the total of such interest payments paid
4        pursuant to this Act may not exceed 30% of the total
5        (i) cost paid or incurred by the redeveloper for the
6        redevelopment project plus (ii) redevelopment project
7        costs excluding any property assembly costs and any
8        relocation costs incurred by a municipality pursuant
9        to this Act;
10            (E) the cost limits set forth in subparagraphs (B)
11        and (D) of paragraph (11) shall be modified for the
12        financing of rehabilitated or new housing units for
13        low-income households and very low-income households,
14        as defined in Section 3 of the Illinois Affordable
15        Housing Act. The percentage of 75% shall be substituted
16        for 30% in subparagraphs (B) and (D) of paragraph (11);
17        and
18            (F) instead of the eligible costs provided by
19        subparagraphs (B) and (D) of paragraph (11), as
20        modified by this subparagraph, and notwithstanding any
21        other provisions of this Act to the contrary, the
22        municipality may pay from tax increment revenues up to
23        50% of the cost of construction of new housing units to
24        be occupied by low-income households and very
25        low-income households as defined in Section 3 of the
26        Illinois Affordable Housing Act. The cost of

 

 

SB2938- 48 -LRB101 16904 AWJ 69238 b

1        construction of those units may be derived from the
2        proceeds of bonds issued by the municipality under this
3        Act or other constitutional or statutory authority or
4        from other sources of municipal revenue that may be
5        reimbursed from tax increment revenues or the proceeds
6        of bonds issued to finance the construction of that
7        housing.
8            The eligible costs provided under this
9        subparagraph (F) of paragraph (11) shall be an eligible
10        cost for the construction, renovation, and
11        rehabilitation of all low and very low-income housing
12        units, as defined in Section 3 of the Illinois
13        Affordable Housing Act, within the redevelopment
14        project area. If the low and very low-income units are
15        part of a residential redevelopment project that
16        includes units not affordable to low and very
17        low-income households, only the low and very
18        low-income units shall be eligible for benefits under
19        this subparagraph (F) of paragraph (11). The standards
20        for maintaining the occupancy by low-income households
21        and very low-income households, as defined in Section 3
22        of the Illinois Affordable Housing Act, of those units
23        constructed with eligible costs made available under
24        the provisions of this subparagraph (F) of paragraph
25        (11) shall be established by guidelines adopted by the
26        municipality. The responsibility for annually

 

 

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1        documenting the initial occupancy of the units by
2        low-income households and very low-income households,
3        as defined in Section 3 of the Illinois Affordable
4        Housing Act, shall be that of the then current owner of
5        the property. For ownership units, the guidelines will
6        provide, at a minimum, for a reasonable recapture of
7        funds, or other appropriate methods designed to
8        preserve the original affordability of the ownership
9        units. For rental units, the guidelines will provide,
10        at a minimum, for the affordability of rent to low and
11        very low-income households. As units become available,
12        they shall be rented to income-eligible tenants. The
13        municipality may modify these guidelines from time to
14        time; the guidelines, however, shall be in effect for
15        as long as tax increment revenue is being used to pay
16        for costs associated with the units or for the
17        retirement of bonds issued to finance the units or for
18        the life of the redevelopment project area, whichever
19        is later;
20        (11.5) If the redevelopment project area is located
21    within a municipality with a population of more than
22    100,000, the cost of day care services for children of
23    employees from low-income families working for businesses
24    located within the redevelopment project area and all or a
25    portion of the cost of operation of day care centers
26    established by redevelopment project area businesses to

 

 

SB2938- 50 -LRB101 16904 AWJ 69238 b

1    serve employees from low-income families working in
2    businesses located in the redevelopment project area. For
3    the purposes of this paragraph, "low-income families"
4    means families whose annual income does not exceed 80% of
5    the municipal, county, or regional median income, adjusted
6    for family size, as the annual income and municipal,
7    county, or regional median income are determined from time
8    to time by the United States Department of Housing and
9    Urban Development.
10        (12) Costs relating to the development of urban
11    agricultural areas under Division 15.2 of the Illinois
12    Municipal Code.
13    Unless explicitly stated herein the cost of construction of
14new privately-owned buildings shall not be an eligible
15redevelopment project cost.
16    After November 1, 1999 (the effective date of Public Act
1791-478), none of the redevelopment project costs enumerated in
18this subsection shall be eligible redevelopment project costs
19if those costs would provide direct financial support to a
20retail entity initiating operations in the redevelopment
21project area while terminating operations at another Illinois
22location within 10 miles of the redevelopment project area but
23outside the boundaries of the redevelopment project area
24municipality. For purposes of this paragraph, termination
25means a closing of a retail operation that is directly related
26to the opening of the same operation or like retail entity

 

 

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1owned or operated by more than 50% of the original ownership in
2a redevelopment project area, but it does not mean closing an
3operation for reasons beyond the control of the retail entity,
4as documented by the retail entity, subject to a reasonable
5finding by the municipality that the current location contained
6inadequate space, had become economically obsolete, or was no
7longer a viable location for the retailer or serviceman.
8    No cost shall be a redevelopment project cost in a
9redevelopment project area if used to demolish, remove, or
10substantially modify a historic resource, after August 26, 2008
11(the effective date of Public Act 95-934), unless no prudent
12and feasible alternative exists. "Historic resource" for the
13purpose of this paragraph means (i) a place or structure that
14is included or eligible for inclusion on the National Register
15of Historic Places or (ii) a contributing structure in a
16district on the National Register of Historic Places. This
17paragraph does not apply to a place or structure for which
18demolition, removal, or modification is subject to review by
19the preservation agency of a Certified Local Government
20designated as such by the National Park Service of the United
21States Department of the Interior.
22    If a special service area has been established pursuant to
23the Special Service Area Tax Act or Special Service Area Tax
24Law, then any tax increment revenues derived from the tax
25imposed pursuant to the Special Service Area Tax Act or Special
26Service Area Tax Law may be used within the redevelopment

 

 

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1project area for the purposes permitted by that Act or Law as
2well as the purposes permitted by this Act.
3    (q-1) For redevelopment project areas created pursuant to
4subsection (p-1), redevelopment project costs are limited to
5those costs in paragraph (q) that are related to the existing
6or proposed Regional Transportation Authority Suburban Transit
7Access Route (STAR Line) station.
8    (q-2) For a redevelopment project area located within a
9transit facility improvement area established pursuant to
10Section 11-74.4-3.3, redevelopment project costs means those
11costs described in subsection (q) that are related to the
12construction, reconstruction, rehabilitation, remodeling, or
13repair of any existing or proposed transit facility.
14    (r) "State Sales Tax Boundary" means the redevelopment
15project area or the amended redevelopment project area
16boundaries which are determined pursuant to subsection (9) of
17Section 11-74.4-8a of this Act. The Department of Revenue shall
18certify pursuant to subsection (9) of Section 11-74.4-8a the
19appropriate boundaries eligible for the determination of State
20Sales Tax Increment.
21    (s) "State Sales Tax Increment" means an amount equal to
22the increase in the aggregate amount of taxes paid by retailers
23and servicemen, other than retailers and servicemen subject to
24the Public Utilities Act, on transactions at places of business
25located within a State Sales Tax Boundary pursuant to the
26Retailers' Occupation Tax Act, the Use Tax Act, the Service Use

 

 

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1Tax Act, and the Service Occupation Tax Act, except such
2portion of such increase that is paid into the State and Local
3Sales Tax Reform Fund, the Local Government Distributive Fund,
4the Local Government Tax Fund and the County and Mass Transit
5District Fund, for as long as State participation exists, over
6and above the Initial Sales Tax Amounts, Adjusted Initial Sales
7Tax Amounts or the Revised Initial Sales Tax Amounts for such
8taxes as certified by the Department of Revenue and paid under
9those Acts by retailers and servicemen on transactions at
10places of business located within the State Sales Tax Boundary
11during the base year which shall be the calendar year
12immediately prior to the year in which the municipality adopted
13tax increment allocation financing, less 3.0% of such amounts
14generated under the Retailers' Occupation Tax Act, Use Tax Act
15and Service Use Tax Act and the Service Occupation Tax Act,
16which sum shall be appropriated to the Department of Revenue to
17cover its costs of administering and enforcing this Section.
18For purposes of computing the aggregate amount of such taxes
19for base years occurring prior to 1985, the Department of
20Revenue shall compute the Initial Sales Tax Amount for such
21taxes and deduct therefrom an amount equal to 4% of the
22aggregate amount of taxes per year for each year the base year
23is prior to 1985, but not to exceed a total deduction of 12%.
24The amount so determined shall be known as the "Adjusted
25Initial Sales Tax Amount". For purposes of determining the
26State Sales Tax Increment the Department of Revenue shall for

 

 

SB2938- 54 -LRB101 16904 AWJ 69238 b

1each period subtract from the tax amounts received from
2retailers and servicemen on transactions located in the State
3Sales Tax Boundary, the certified Initial Sales Tax Amounts,
4Adjusted Initial Sales Tax Amounts or Revised Initial Sales Tax
5Amounts for the Retailers' Occupation Tax Act, the Use Tax Act,
6the Service Use Tax Act and the Service Occupation Tax Act. For
7the State Fiscal Year 1989 this calculation shall be made by
8utilizing the calendar year 1987 to determine the tax amounts
9received. For the State Fiscal Year 1990, this calculation
10shall be made by utilizing the period from January 1, 1988,
11until September 30, 1988, to determine the tax amounts received
12from retailers and servicemen, which shall have deducted
13therefrom nine-twelfths of the certified Initial Sales Tax
14Amounts, Adjusted Initial Sales Tax Amounts or the Revised
15Initial Sales Tax Amounts as appropriate. For the State Fiscal
16Year 1991, this calculation shall be made by utilizing the
17period from October 1, 1988, until June 30, 1989, to determine
18the tax amounts received from retailers and servicemen, which
19shall have deducted therefrom nine-twelfths of the certified
20Initial State Sales Tax Amounts, Adjusted Initial Sales Tax
21Amounts or the Revised Initial Sales Tax Amounts as
22appropriate. For every State Fiscal Year thereafter, the
23applicable period shall be the 12 months beginning July 1 and
24ending on June 30, to determine the tax amounts received which
25shall have deducted therefrom the certified Initial Sales Tax
26Amounts, Adjusted Initial Sales Tax Amounts or the Revised

 

 

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1Initial Sales Tax Amounts. Municipalities intending to receive
2a distribution of State Sales Tax Increment must report a list
3of retailers to the Department of Revenue by October 31, 1988
4and by July 31, of each year thereafter.
5    (t) "Taxing districts" means counties, townships, cities
6and incorporated towns and villages, school, road, park,
7sanitary, mosquito abatement, forest preserve, public health,
8fire protection, river conservancy, tuberculosis sanitarium
9and any other municipal corporations or districts with the
10power to levy taxes.
11    (u) "Taxing districts' capital costs" means those costs of
12taxing districts for capital improvements that are found by the
13municipal corporate authorities to be necessary and directly
14result from the redevelopment project.
15    (v) As used in subsection (a) of Section 11-74.4-3 of this
16Act, "vacant land" means any parcel or combination of parcels
17of real property without industrial, commercial, and
18residential buildings which has not been used for commercial
19agricultural purposes within 5 years prior to the designation
20of the redevelopment project area, unless the parcel is
21included in an industrial park conservation area or the parcel
22has been subdivided; provided that if the parcel was part of a
23larger tract that has been divided into 3 or more smaller
24tracts that were accepted for recording during the period from
251950 to 1990, then the parcel shall be deemed to have been
26subdivided, and all proceedings and actions of the municipality

 

 

SB2938- 56 -LRB101 16904 AWJ 69238 b

1taken in that connection with respect to any previously
2approved or designated redevelopment project area or amended
3redevelopment project area are hereby validated and hereby
4declared to be legally sufficient for all purposes of this Act.
5For purposes of this Section and only for land subject to the
6subdivision requirements of the Plat Act, land is subdivided
7when the original plat of the proposed Redevelopment Project
8Area or relevant portion thereof has been properly certified,
9acknowledged, approved, and recorded or filed in accordance
10with the Plat Act and a preliminary plat, if any, for any
11subsequent phases of the proposed Redevelopment Project Area or
12relevant portion thereof has been properly approved and filed
13in accordance with the applicable ordinance of the
14municipality.
15    (w) "Annual Total Increment" means the sum of each
16municipality's annual Net Sales Tax Increment and each
17municipality's annual Net Utility Tax Increment. The ratio of
18the Annual Total Increment of each municipality to the Annual
19Total Increment for all municipalities, as most recently
20calculated by the Department, shall determine the proportional
21shares of the Illinois Tax Increment Fund to be distributed to
22each municipality.
23    (x) "LEED certified" means any certification level of
24construction elements by a qualified Leadership in Energy and
25Environmental Design Accredited Professional as determined by
26the U.S. Green Building Council.

 

 

SB2938- 57 -LRB101 16904 AWJ 69238 b

1    (y) "Green Globes certified" means any certification level
2of construction elements by a qualified Green Globes
3Professional as determined by the Green Building Initiative.
4(Source: P.A. 99-792, eff. 8-12-16; 100-201, eff. 8-18-17;
5100-465, eff. 8-31-17; 100-1133, eff. 1-1-19.)
 
6    (65 ILCS 5/11-74.4-3.5)
7    Sec. 11-74.4-3.5. Completion dates for redevelopment
8projects.
9    (a) Unless otherwise stated in this Section and before July
101, 2020, the estimated dates of completion of the redevelopment
11project and retirement of obligations issued to finance
12redevelopment project costs (including refunding bonds under
13Section 11-74.4-7) may not be later than December 31 of the
14year in which the payment to the municipal treasurer, as
15provided in subsection (b) of Section 11-74.4-8 of this Act, is
16to be made with respect to ad valorem taxes levied in the 23rd
17calendar year after the year in which the ordinance approving
18the redevelopment project area was adopted if the ordinance was
19adopted on or after January 15, 1981.
20    (a-3) After July 1, 2020, the estimated dates of completion
21of the redevelopment project and retirement of obligations
22issued to finance redevelopment project costs (including
23refunding bonds under Section 11-74.4-7) may not be later than
24December 31 of the year in which the payment to the municipal
25treasurer, as provided in subsection (b) of Section 11-74.4-8

 

 

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1of this Act, is to be made with respect to ad valorem taxes
2levied in the 10th calendar year after the year in which the
3ordinance approving the redevelopment project area was adopted
4if the ordinance was adopted on or after July 1, 2020.
5    (a-5) If the redevelopment project area is located within a
6transit facility improvement area established pursuant to
7Section 11-74.4-3, the estimated dates of completion of the
8redevelopment project and retirement of obligations issued to
9finance redevelopment project costs (including refunding bonds
10under Section 11-74.4-7) may not be later than December 31 of
11the year in which the payment to the municipal treasurer, as
12provided in subsection (b) of Section 11-74.4-8 of this Act, is
13to be made with respect to ad valorem taxes levied in the 35th
14calendar year after the year in which the ordinance approving
15the redevelopment project area was adopted.
16    (a-7) A municipality may adopt tax increment financing for
17a redevelopment project area located in a transit facility
18improvement area that also includes real property located
19within an existing redevelopment project area established
20prior to August 12, 2016 (the effective date of Public Act
2199-792). In such case: (i) the provisions of this Division
22shall apply with respect to the previously established
23redevelopment project area until the municipality adopts, as
24required in accordance with applicable provisions of this
25Division, an ordinance dissolving the special tax allocation
26fund for such redevelopment project area and terminating the

 

 

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1designation of such redevelopment project area as a
2redevelopment project area; and (ii) after the effective date
3of the ordinance described in (i), the provisions of this
4Division shall apply with respect to the subsequently
5established redevelopment project area located in a transit
6facility improvement area.
7    (b) The estimated dates of completion of the redevelopment
8project and retirement of obligations issued to finance
9redevelopment project costs (including refunding bonds under
10Section 11-74.4-7) may not be later than December 31 of the
11year in which the payment to the municipal treasurer as
12provided in subsection (b) of Section 11-74.4-8 of this Act is
13to be made with respect to ad valorem taxes levied in the 32nd
14calendar year after the year in which the ordinance approving
15the redevelopment project area was adopted if the ordinance was
16adopted on September 9, 1999 by the Village of Downs.
17    The estimated dates of completion of the redevelopment
18project and retirement of obligations issued to finance
19redevelopment project costs (including refunding bonds under
20Section 11-74.4-7) may not be later than December 31 of the
21year in which the payment to the municipal treasurer as
22provided in subsection (b) of Section 11-74.4-8 of this Act is
23to be made with respect to ad valorem taxes levied in the 33rd
24calendar year after the year in which the ordinance approving
25the redevelopment project area was adopted if the ordinance was
26adopted on May 20, 1985 by the Village of Wheeling.

 

 

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1    The estimated dates of completion of the redevelopment
2project and retirement of obligations issued to finance
3redevelopment project costs (including refunding bonds under
4Section 11-74.4-7) may not be later than December 31 of the
5year in which the payment to the municipal treasurer as
6provided in subsection (b) of Section 11-74.4-8 of this Act is
7to be made with respect to ad valorem taxes levied in the 28th
8calendar year after the year in which the ordinance approving
9the redevelopment project area was adopted if the ordinance was
10adopted on October 12, 1989 by the City of Lawrenceville.
11    (c) The estimated dates of completion of the redevelopment
12project and retirement of obligations issued to finance
13redevelopment project costs (including refunding bonds under
14Section 11-74.4-7) may not be later than December 31 of the
15year in which the payment to the municipal treasurer as
16provided in subsection (b) of Section 11-74.4-8 of this Act is
17to be made with respect to ad valorem taxes levied (i) in the
1835th calendar year after the year in which the ordinance
19approving the redevelopment project area was adopted through
20June 30, 2020, and (ii) after July 1, 2020, in the 15th
21calendar year after the year in which the ordinance approving
22the redevelopment project area was adopted:
23        (1) If the ordinance was adopted before January 15,
24    1981.
25        (2) If the ordinance was adopted in December 1983,
26    April 1984, July 1985, or December 1989.

 

 

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1        (3) If the ordinance was adopted in December 1987 and
2    the redevelopment project is located within one mile of
3    Midway Airport.
4        (4) If the ordinance was adopted before January 1, 1987
5    by a municipality in Mason County.
6        (5) If the municipality is subject to the Local
7    Government Financial Planning and Supervision Act or the
8    Financially Distressed City Law.
9        (6) If the ordinance was adopted in December 1984 by
10    the Village of Rosemont.
11        (7) If the ordinance was adopted on December 31, 1986
12    by a municipality located in Clinton County for which at
13    least $250,000 of tax increment bonds were authorized on
14    June 17, 1997, or if the ordinance was adopted on December
15    31, 1986 by a municipality with a population in 1990 of
16    less than 3,600 that is located in a county with a
17    population in 1990 of less than 34,000 and for which at
18    least $250,000 of tax increment bonds were authorized on
19    June 17, 1997.
20        (8) If the ordinance was adopted on October 5, 1982 by
21    the City of Kankakee, or if the ordinance was adopted on
22    December 29, 1986 by East St. Louis.
23        (9) If the ordinance was adopted on November 12, 1991
24    by the Village of Sauget.
25        (10) If the ordinance was adopted on February 11, 1985
26    by the City of Rock Island.

 

 

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1        (11) If the ordinance was adopted before December 18,
2    1986 by the City of Moline.
3        (12) If the ordinance was adopted in September 1988 by
4    Sauk Village.
5        (13) If the ordinance was adopted in October 1993 by
6    Sauk Village.
7        (14) If the ordinance was adopted on December 29, 1986
8    by the City of Galva.
9        (15) If the ordinance was adopted in March 1991 by the
10    City of Centreville.
11        (16) If the ordinance was adopted on January 23, 1991
12    by the City of East St. Louis.
13        (17) If the ordinance was adopted on December 22, 1986
14    by the City of Aledo.
15        (18) If the ordinance was adopted on February 5, 1990
16    by the City of Clinton.
17        (19) If the ordinance was adopted on September 6, 1994
18    by the City of Freeport.
19        (20) If the ordinance was adopted on December 22, 1986
20    by the City of Tuscola.
21        (21) If the ordinance was adopted on December 23, 1986
22    by the City of Sparta.
23        (22) If the ordinance was adopted on December 23, 1986
24    by the City of Beardstown.
25        (23) If the ordinance was adopted on April 27, 1981,
26    October 21, 1985, or December 30, 1986 by the City of

 

 

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1    Belleville.
2        (24) If the ordinance was adopted on December 29, 1986
3    by the City of Collinsville.
4        (25) If the ordinance was adopted on September 14, 1994
5    by the City of Alton.
6        (26) If the ordinance was adopted on November 11, 1996
7    by the City of Lexington.
8        (27) If the ordinance was adopted on November 5, 1984
9    by the City of LeRoy.
10        (28) If the ordinance was adopted on April 3, 1991 or
11    June 3, 1992 by the City of Markham.
12        (29) If the ordinance was adopted on November 11, 1986
13    by the City of Pekin.
14        (30) If the ordinance was adopted on December 15, 1981
15    by the City of Champaign.
16        (31) If the ordinance was adopted on December 15, 1986
17    by the City of Urbana.
18        (32) If the ordinance was adopted on December 15, 1986
19    by the Village of Heyworth.
20        (33) If the ordinance was adopted on February 24, 1992
21    by the Village of Heyworth.
22        (34) If the ordinance was adopted on March 16, 1995 by
23    the Village of Heyworth.
24        (35) If the ordinance was adopted on December 23, 1986
25    by the Town of Cicero.
26        (36) If the ordinance was adopted on December 30, 1986

 

 

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1    by the City of Effingham.
2        (37) If the ordinance was adopted on May 9, 1991 by the
3    Village of Tilton.
4        (38) If the ordinance was adopted on October 20, 1986
5    by the City of Elmhurst.
6        (39) If the ordinance was adopted on January 19, 1988
7    by the City of Waukegan.
8        (40) If the ordinance was adopted on September 21, 1998
9    by the City of Waukegan.
10        (41) If the ordinance was adopted on December 31, 1986
11    by the City of Sullivan.
12        (42) If the ordinance was adopted on December 23, 1991
13    by the City of Sullivan.
14        (43) If the ordinance was adopted on December 31, 1986
15    by the City of Oglesby.
16        (44) If the ordinance was adopted on July 28, 1987 by
17    the City of Marion.
18        (45) If the ordinance was adopted on April 23, 1990 by
19    the City of Marion.
20        (46) If the ordinance was adopted on August 20, 1985 by
21    the Village of Mount Prospect.
22        (47) If the ordinance was adopted on February 2, 1998
23    by the Village of Woodhull.
24        (48) If the ordinance was adopted on April 20, 1993 by
25    the Village of Princeville.
26        (49) If the ordinance was adopted on July 1, 1986 by

 

 

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1    the City of Granite City.
2        (50) If the ordinance was adopted on February 2, 1989
3    by the Village of Lombard.
4        (51) If the ordinance was adopted on December 29, 1986
5    by the Village of Gardner.
6        (52) If the ordinance was adopted on July 14, 1999 by
7    the Village of Paw Paw.
8        (53) If the ordinance was adopted on November 17, 1986
9    by the Village of Franklin Park.
10        (54) If the ordinance was adopted on November 20, 1989
11    by the Village of South Holland.
12        (55) If the ordinance was adopted on July 14, 1992 by
13    the Village of Riverdale.
14        (56) If the ordinance was adopted on December 29, 1986
15    by the City of Galesburg.
16        (57) If the ordinance was adopted on April 1, 1985 by
17    the City of Galesburg.
18        (58) If the ordinance was adopted on May 21, 1990 by
19    the City of West Chicago.
20        (59) If the ordinance was adopted on December 16, 1986
21    by the City of Oak Forest.
22        (60) If the ordinance was adopted in 1999 by the City
23    of Villa Grove.
24        (61) If the ordinance was adopted on January 13, 1987
25    by the Village of Mt. Zion.
26        (62) If the ordinance was adopted on December 30, 1986

 

 

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1    by the Village of Manteno.
2        (63) If the ordinance was adopted on April 3, 1989 by
3    the City of Chicago Heights.
4        (64) If the ordinance was adopted on January 6, 1999 by
5    the Village of Rosemont.
6        (65) If the ordinance was adopted on December 19, 2000
7    by the Village of Stone Park.
8        (66) If the ordinance was adopted on December 22, 1986
9    by the City of DeKalb.
10        (67) If the ordinance was adopted on December 2, 1986
11    by the City of Aurora.
12        (68) If the ordinance was adopted on December 31, 1986
13    by the Village of Milan.
14        (69) If the ordinance was adopted on September 8, 1994
15    by the City of West Frankfort.
16        (70) If the ordinance was adopted on December 23, 1986
17    by the Village of Libertyville.
18        (71) If the ordinance was adopted on December 22, 1986
19    by the Village of Hoffman Estates.
20        (72) If the ordinance was adopted on September 17, 1986
21    by the Village of Sherman.
22        (73) If the ordinance was adopted on December 16, 1986
23    by the City of Macomb.
24        (74) If the ordinance was adopted on June 11, 2002 by
25    the City of East Peoria to create the West Washington
26    Street TIF.

 

 

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1        (75) If the ordinance was adopted on June 11, 2002 by
2    the City of East Peoria to create the Camp Street TIF.
3        (76) If the ordinance was adopted on August 7, 2000 by
4    the City of Des Plaines.
5        (77) If the ordinance was adopted on December 22, 1986
6    by the City of Washington to create the Washington Square
7    TIF #2.
8        (78) If the ordinance was adopted on December 29, 1986
9    by the City of Morris.
10        (79) If the ordinance was adopted on July 6, 1998 by
11    the Village of Steeleville.
12        (80) If the ordinance was adopted on December 29, 1986
13    by the City of Pontiac to create TIF I (the Main St TIF).
14        (81) If the ordinance was adopted on December 29, 1986
15    by the City of Pontiac to create TIF II (the Interstate
16    TIF).
17        (82) If the ordinance was adopted on November 6, 2002
18    by the City of Chicago to create the Madden/Wells TIF
19    District.
20        (83) If the ordinance was adopted on November 4, 1998
21    by the City of Chicago to create the Roosevelt/Racine TIF
22    District.
23        (84) If the ordinance was adopted on June 10, 1998 by
24    the City of Chicago to create the Stony Island
25    Commercial/Burnside Industrial Corridors TIF District.
26        (85) If the ordinance was adopted on November 29, 1989

 

 

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1    by the City of Chicago to create the Englewood Mall TIF
2    District.
3        (86) If the ordinance was adopted on December 27, 1986
4    by the City of Mendota.
5        (87) If the ordinance was adopted on December 31, 1986
6    by the Village of Cahokia.
7        (88) If the ordinance was adopted on September 20, 1999
8    by the City of Belleville.
9        (89) If the ordinance was adopted on December 30, 1986
10    by the Village of Bellevue to create the Bellevue TIF
11    District 1.
12        (90) If the ordinance was adopted on December 13, 1993
13    by the Village of Crete.
14        (91) If the ordinance was adopted on February 12, 2001
15    by the Village of Crete.
16        (92) If the ordinance was adopted on April 23, 2001 by
17    the Village of Crete.
18        (93) If the ordinance was adopted on December 16, 1986
19    by the City of Champaign.
20        (94) If the ordinance was adopted on December 20, 1986
21    by the City of Charleston.
22        (95) If the ordinance was adopted on June 6, 1989 by
23    the Village of Romeoville.
24        (96) If the ordinance was adopted on October 14, 1993
25    and amended on August 2, 2010 by the City of Venice.
26        (97) If the ordinance was adopted on June 1, 1994 by

 

 

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1    the City of Markham.
2        (98) If the ordinance was adopted on May 19, 1998 by
3    the Village of Bensenville.
4        (99) If the ordinance was adopted on November 12, 1987
5    by the City of Dixon.
6        (100) If the ordinance was adopted on December 20, 1988
7    by the Village of Lansing.
8        (101) If the ordinance was adopted on October 27, 1998
9    by the City of Moline.
10        (102) If the ordinance was adopted on May 21, 1991 by
11    the Village of Glenwood.
12        (103) If the ordinance was adopted on January 28, 1992
13    by the City of East Peoria.
14        (104) If the ordinance was adopted on December 14, 1998
15    by the City of Carlyle.
16        (105) If the ordinance was adopted on May 17, 2000, as
17    subsequently amended, by the City of Chicago to create the
18    Midwest Redevelopment TIF District.
19        (106) If the ordinance was adopted on September 13,
20    1989 by the City of Chicago to create the Michigan/Cermak
21    Area TIF District.
22        (107) If the ordinance was adopted on March 30, 1992 by
23    the Village of Ohio.
24        (108) If the ordinance was adopted on July 6, 1998 by
25    the Village of Orangeville.
26        (109) If the ordinance was adopted on December 16, 1997

 

 

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1    by the Village of Germantown.
2        (110) If the ordinance was adopted on April 28, 2003 by
3    Gibson City.
4        (111) If the ordinance was adopted on December 18, 1990
5    by the Village of Washington Park, but only after the
6    Village of Washington Park becomes compliant with the
7    reporting requirements under subsection (d) of Section
8    11-74.4-5, and after the State Comptroller's certification
9    of such compliance.
10        (112) If the ordinance was adopted on February 28, 2000
11    by the City of Harvey.
12        (113) If the ordinance was adopted on January 11, 1991
13    by the City of Chicago to create the Read/Dunning TIF
14    District.
15        (114) If the ordinance was adopted on July 24, 1991 by
16    the City of Chicago to create the Sanitary and Ship Canal
17    TIF District.
18        (115) If the ordinance was adopted on December 4, 2007
19    by the City of Naperville.
20        (116) If the ordinance was adopted on July 1, 2002 by
21    the Village of Arlington Heights.
22        (117) If the ordinance was adopted on February 11, 1991
23    by the Village of Machesney Park.
24        (118) If the ordinance was adopted on December 29, 1993
25    by the City of Ottawa.
26        (119) If the ordinance was adopted on June 4, 1991 by

 

 

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1    the Village of Lansing.
2        (120) If the ordinance was adopted on February 10, 2004
3    by the Village of Fox Lake.
4        (121) If the ordinance was adopted on December 22, 1992
5    by the City of Fairfield.
6        (122) If the ordinance was adopted on February 10, 1992
7    by the City of Mt. Sterling.
8        (123) If the ordinance was adopted on March 15, 2004 by
9    the City of Batavia.
10        (124) If the ordinance was adopted on March 18, 2002 by
11    the Village of Lake Zurich.
12        (125) If the ordinance was adopted on September 23,
13    1997 by the City of Granite City.
14        (126) If the ordinance was adopted on May 8, 2013 by
15    the Village of Rosemont to create the Higgins Road/River
16    Road TIF District No. 6.
17        (127) If the ordinance was adopted on November 22, 1993
18    by the City of Arcola.
19        (128) If the ordinance was adopted on September 7, 2004
20    by the City of Arcola.
21        (129) If the ordinance was adopted on November 29, 1999
22    by the City of Paris.
23        (130) If the ordinance was adopted on September 20,
24    1994 by the City of Ottawa to create the U.S. Route 6 East
25    Ottawa TIF.
26        (131) If the ordinance was adopted on May 2, 2002 by

 

 

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1    the Village of Crestwood.
2        (132) If the ordinance was adopted on October 27, 1992
3    by the City of Blue Island.
4        (133) If the ordinance was adopted on December 23, 1993
5    by the City of Lacon.
6        (134) If the ordinance was adopted on May 4, 1998 by
7    the Village of Bradford.
8        (135) If the ordinance was adopted on June 11, 2002 by
9    the City of Oak Forest.
10        (136) If the ordinance was adopted on November 16, 1992
11    by the City of Pinckneyville.
12        (137) If the ordinance was adopted on March 1, 2001 by
13    the Village of South Jacksonville.
14        (138) If the ordinance was adopted on February 26, 1992
15    by the City of Chicago to create the Stockyards Southeast
16    Quadrant TIF District.
17        (139) If the ordinance was adopted on January 25, 1993
18    by the City of LaSalle.
19        (140) If the ordinance was adopted on December 23, 1997
20    by the Village of Dieterich.
21        (141) If the ordinance was adopted on February 10, 2016
22    by the Village of Rosemont to create the Balmoral/Pearl TIF
23    No. 8 Tax Increment Financing Redevelopment Project Area.
24        (142) If the ordinance was adopted on June 11, 2002 by
25    the City of Oak Forest.
26        (143) If the ordinance was adopted on January 31, 1995

 

 

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1    by the Village of Milledgeville.
2        (144) If the ordinance was adopted on February 5, 1996
3    by the Village of Pearl City.
4        (145) If the ordinance was adopted on December 21, 1994
5    by the City of Calumet City.
6        (146) If the ordinance was adopted on May 5, 2003 by
7    the Town of Normal.
8        (147) If the ordinance was adopted on June 2, 1998 by
9    the City of Litchfield.
10        (148) If the ordinance was adopted on October 23, 1995
11    by the City of Marion.
12        (149) If the ordinance was adopted on May 24, 2001 by
13    the Village of Hanover Park.
14        (150) If the ordinance was adopted on May 30, 1995 by
15    the Village of Dalzell.
16        (151) If the ordinance was adopted on April 15, 1997 by
17    the City of Edwardsville.
18        (152) If the ordinance was adopted on September 5, 1995
19    by the City of Granite City.
20        (153) If the ordinance was adopted on June 21, 1999 by
21    the Village of Table Grove.
22        (154) If the ordinance was adopted on February 23, 1995
23    by the City of Springfield.
24        (155) If the ordinance was adopted on August 11, 1999
25    by the City of Monmouth.
26        (156) If the ordinance was adopted on December 26, 1995

 

 

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1    by the Village of Posen.
2        (157) If the ordinance was adopted on July 1, 1995 by
3    the Village of Caseyville.
4        (158) If the ordinance was adopted on January 30, 1996
5    by the City of Madison.
6        (159) If the ordinance was adopted on February 2, 1996
7    by the Village of Hartford.
8        (160) If the ordinance was adopted on July 2, 1996 by
9    the Village of Manlius.
10        (161) If the ordinance was adopted on March 21, 2000 by
11    the City of Hoopeston.
12        (162) If the ordinance was adopted on March 22, 2005 by
13    the City of Hoopeston.
14        (163) If the ordinance was adopted on July 10, 1996 by
15    the City of Chicago to create the Goose Island TIF
16    District.
17        (164) If the ordinance was adopted on December 11, 1996
18    by the City of Chicago to create the Bryn Mawr/Broadway TIF
19    District.
20        (165) If the ordinance was adopted on December 31, 1995
21    by the City of Chicago to create the 95th/Western TIF
22    District.
23        (166) If the ordinance was adopted on October 7, 1998
24    by the City of Chicago to create the 71st and Stony Island
25    TIF District.
26        (167) If the ordinance was adopted on April 19, 1995 by

 

 

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1    the Village of North Utica.
2        (168) If the ordinance was adopted on April 22, 1996 by
3    the City of LaSalle.
4        (169) If the ordinance was adopted on June 9, 2008 by
5    the City of Country Club Hills.
6        (170) If the ordinance was adopted on July 3, 1996 by
7    the Village of Phoenix.
8        (171) If the ordinance was adopted on May 19, 1997 by
9    the Village of Swansea.
10        (172) If the ordinance was adopted on August 13, 2001
11    by the Village of Saunemin.
12        (173) If the ordinance was adopted on January 10, 2005
13    by the Village of Romeoville.
14        (174) If the ordinance was adopted on January 28, 1997
15    by the City of Berwyn for the South Berwyn Corridor Tax
16    Increment Financing District.
17        (175) If the ordinance was adopted on January 28, 1997
18    by the City of Berwyn for the Roosevelt Road Tax Increment
19    Financing District.
20        (176) If the ordinance was adopted on May 3, 2001 by
21    the Village of Hanover Park for the Village Center Tax
22    Increment Financing Redevelopment Project Area (TIF # 3).
23        (177) If the ordinance was adopted on January 1, 1996
24    by the City of Savanna.
25    On or after July 1, 2020, before the completion date may be
26extended under this subsection to the 15th calendar year after

 

 

SB2938- 76 -LRB101 16904 AWJ 69238 b

1the year in which the ordinance approving the redevelopment
2project area was adopted, the municipality shall request that
3the joint review board convene and issue a written report
4describing its decision whether or not to extend the completion
5date of the redevelopment project area. If the joint review
6board does not file a report, it shall be presumed that the
7taxing bodies approve the extension of the life of the
8redevelopment project area. If both the municipality and the
9joint review board elects to extend the completion date under
10this subsection, the municipality shall give at least 30 days'
11written notice to the taxing bodies before the adoption of the
12ordinance approving the extension of the completion date.
13    (d) For redevelopment project areas for which bonds were
14issued before July 29, 1991, or for which contracts were
15entered into before June 1, 1988, in connection with a
16redevelopment project in the area within the State Sales Tax
17Boundary, the estimated dates of completion of the
18redevelopment project and retirement of obligations to finance
19redevelopment project costs (including refunding bonds under
20Section 11-74.4-7) may be extended by municipal ordinance to
21December 31, 2013. The termination procedures of subsection (b)
22of Section 11-74.4-8 are not required for these redevelopment
23project areas in 2009 but are required in 2013. The extension
24allowed by Public Act 87-1272 shall not apply to real property
25tax increment allocation financing under Section 11-74.4-8.
26    (e) Those dates, for purposes of real property tax

 

 

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1increment allocation financing pursuant to Section 11-74.4-8
2only, shall be not more than 35 years for redevelopment project
3areas that were adopted on or after December 16, 1986 and for
4which at least $8 million worth of municipal bonds were
5authorized on or after December 19, 1989 but before January 1,
61990; provided that the municipality elects to extend the life
7of the redevelopment project area to 35 years by the adoption
8of an ordinance after at least 14 but not more than 30 days'
9written notice to the taxing bodies, that would otherwise
10constitute the joint review board for the redevelopment project
11area, before the adoption of the ordinance.
12    (f) Those dates, for purposes of real property tax
13increment allocation financing pursuant to Section 11-74.4-8
14only, shall be not more than 35 years for redevelopment project
15areas that were established on or after December 1, 1981 but
16before January 1, 1982 and for which at least $1,500,000 worth
17of tax increment revenue bonds were authorized on or after
18September 30, 1990 but before July 1, 1991; provided that the
19municipality elects to extend the life of the redevelopment
20project area to 35 years by the adoption of an ordinance after
21at least 14 but not more than 30 days' written notice to the
22taxing bodies, that would otherwise constitute the joint review
23board for the redevelopment project area, before the adoption
24of the ordinance.
25    (f-5) Those dates, for purposes of real property tax
26increment allocation financing pursuant to Section 11-74.4-8

 

 

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1only, shall be not more than 47 years for redevelopment project
2areas that were established on December 29, 1981 by the City of
3Springfield; provided that (i) the City of Springfield adopts
4an ordinance extending the life of the redevelopment project
5area to 47 years and (ii) the City of Springfield provides
6notice to the taxing bodies that would otherwise constitute the
7joint review board for the redevelopment project area not more
8than 30 and not less than 14 days prior to the adoption of that
9ordinance.
10    (g) In consolidating the material relating to completion
11dates from Sections 11-74.4-3 and 11-74.4-7 into this Section,
12it is not the intent of the General Assembly to make any
13substantive change in the law, except for the extension of the
14completion dates for the City of Aurora, the Village of Milan,
15the City of West Frankfort, the Village of Libertyville, and
16the Village of Hoffman Estates set forth under items (67),
17(68), (69), (70), and (71) of subsection (c) of this Section.
18(Source: P.A. 100-201, eff. 8-18-17; 100-214, eff. 8-18-17;
19100-249, eff. 8-22-17; 100-510, eff. 9-15-17; 100-591, eff.
206-21-18; 100-609, eff. 7-17-18; 100-836, eff. 8-13-18;
21100-853, eff. 8-14-18; 100-859, eff. 8-14-18; 100-863, eff.
228-14-18; 100-873, eff. 8-14-18; 100-899, eff. 8-17-18;
23100-928, eff. 8-17-18; 100-967, eff. 8-19-18; 100-1031, eff.
248-22-18; 100-1032, eff. 8-22-18; 100-1164, eff. 12-27-18;
25101-274, eff. 8-9-19; 101-618, eff. 12-20-19.)
 

 

 

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1    (65 ILCS 5/11-74.4-5)  (from Ch. 24, par. 11-74.4-5)
2    Sec. 11-74.4-5. Public hearing; joint review board.
3    (a) The changes made by this amendatory Act of the 91st
4General Assembly do not apply to a municipality that, (i)
5before the effective date of this amendatory Act of the 91st
6General Assembly, has adopted an ordinance or resolution fixing
7a time and place for a public hearing under this Section or
8(ii) before July 1, 1999, has adopted an ordinance or
9resolution providing for a feasibility study under Section
1011-74.4-4.1, but has not yet adopted an ordinance approving
11redevelopment plans and redevelopment projects or designating
12redevelopment project areas under Section 11-74.4-4, until
13after that municipality adopts an ordinance approving
14redevelopment plans and redevelopment projects or designating
15redevelopment project areas under Section 11-74.4-4;
16thereafter the changes made by this amendatory Act of the 91st
17General Assembly apply to the same extent that they apply to
18redevelopment plans and redevelopment projects that were
19approved and redevelopment projects that were designated
20before the effective date of this amendatory Act of the 91st
21General Assembly.
22    Prior to the adoption of an ordinance proposing the
23designation of a redevelopment project area, or approving a
24redevelopment plan or redevelopment project, the municipality
25by its corporate authorities, or as it may determine by any
26commission designated under subsection (k) of Section

 

 

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111-74.4-4 shall adopt an ordinance or resolution fixing a time
2and place for public hearing. At least 10 days prior to the
3adoption of the ordinance or resolution establishing the time
4and place for the public hearing, the municipality shall make
5available for public inspection a redevelopment plan or a
6separate report that provides in reasonable detail the basis
7for the eligibility of the redevelopment project area. The
8report along with the name of a person to contact for further
9information shall be sent within a reasonable time after the
10adoption of such ordinance or resolution to the affected taxing
11districts by certified mail. On and after the effective date of
12this amendatory Act of the 91st General Assembly, the
13municipality shall print in a newspaper of general circulation
14within the municipality a notice that interested persons may
15register with the municipality in order to receive information
16on the proposed designation of a redevelopment project area or
17the approval of a redevelopment plan. The notice shall state
18the place of registration and the operating hours of that
19place. The municipality shall have adopted reasonable rules to
20implement this registration process under Section 11-74.4-4.2.
21The municipality shall provide notice of the availability of
22the redevelopment plan and eligibility report, including how to
23obtain this information, by mail within a reasonable time after
24the adoption of the ordinance or resolution, to all residential
25addresses that, after a good faith effort, the municipality
26determines are located outside the proposed redevelopment

 

 

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1project area and within 750 feet of the boundaries of the
2proposed redevelopment project area. This requirement is
3subject to the limitation that in a municipality with a
4population of over 100,000, if the total number of residential
5addresses outside the proposed redevelopment project area and
6within 750 feet of the boundaries of the proposed redevelopment
7project area exceeds 750, the municipality shall be required to
8provide the notice to only the 750 residential addresses that,
9after a good faith effort, the municipality determines are
10outside the proposed redevelopment project area and closest to
11the boundaries of the proposed redevelopment project area.
12Notwithstanding the foregoing, notice given after August 7,
132001 (the effective date of Public Act 92-263) and before the
14effective date of this amendatory Act of the 92nd General
15Assembly to residential addresses within 750 feet of the
16boundaries of a proposed redevelopment project area shall be
17deemed to have been sufficiently given in compliance with this
18Act if given only to residents outside the boundaries of the
19proposed redevelopment project area. The notice shall also be
20provided by the municipality, regardless of its population, to
21those organizations and residents that have registered with the
22municipality for that information in accordance with the
23registration guidelines established by the municipality under
24Section 11-74.4-4.2.
25    At the public hearing any interested person or affected
26taxing district may file with the municipal clerk written

 

 

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1objections to and may be heard orally in respect to any issues
2embodied in the notice. The municipality shall hear all
3protests and objections at the hearing and the hearing may be
4adjourned to another date without further notice other than a
5motion to be entered upon the minutes fixing the time and place
6of the subsequent hearing. At the public hearing or at any time
7prior to the adoption by the municipality of an ordinance
8approving a redevelopment plan, the municipality may make
9changes in the redevelopment plan. Changes which (1) add
10additional parcels of property to the proposed redevelopment
11project area, (2) substantially affect the general land uses
12proposed in the redevelopment plan, (3) substantially change
13the nature of or extend the life of the redevelopment project,
14or (4) increase the number of inhabited residential units to be
15displaced from the redevelopment project area, as measured from
16the time of creation of the redevelopment project area, to a
17total of more than 10, shall be made only after the
18municipality gives notice, convenes a joint review board, and
19conducts a public hearing pursuant to the procedures set forth
20in this Section and in Section 11-74.4-6 of this Act. Changes
21which do not (1) add additional parcels of property to the
22proposed redevelopment project area, (2) substantially affect
23the general land uses proposed in the redevelopment plan, (3)
24substantially change the nature of or extend the life of the
25redevelopment project, or (4) increase the number of inhabited
26residential units to be displaced from the redevelopment

 

 

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1project area, as measured from the time of creation of the
2redevelopment project area, to a total of more than 10, may be
3made without further hearing, provided that the municipality
4shall give notice of any such changes by mail to each affected
5taxing district and registrant on the interested parties
6registry, provided for under Section 11-74.4-4.2, and by
7publication in a newspaper of general circulation within the
8affected taxing district. Such notice by mail and by
9publication shall each occur not later than 10 days following
10the adoption by ordinance of such changes. Hearings with regard
11to a redevelopment project area, project or plan may be held
12simultaneously.
13    (b) Prior to holding a public hearing to approve or amend a
14redevelopment plan or to designate or add additional parcels of
15property to a redevelopment project area, the municipality
16shall convene a joint review board. The board shall consist of
17a representative selected by each community college district,
18local elementary school district and high school district or
19each local community unit school district, park district,
20library district, township, fire protection district, and
21county that will have the authority to directly levy taxes on
22the property within the proposed redevelopment project area at
23the time that the proposed redevelopment project area is
24approved, a representative selected by the municipality and a
25public member. The public member shall first be selected and
26then the board's chairperson shall be selected by a majority of

 

 

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1the board members present and voting.
2    For redevelopment project areas with redevelopment plans
3or proposed redevelopment plans that would result in the
4displacement of residents from 10 or more inhabited residential
5units or that include 75 or more inhabited residential units,
6the public member shall be a person who resides in the
7redevelopment project area. If, as determined by the housing
8impact study provided for in paragraph (5) of subsection (n) of
9Section 11-74.4-3, or if no housing impact study is required
10then based on other reasonable data, the majority of
11residential units are occupied by very low, low, or moderate
12income households, as defined in Section 3 of the Illinois
13Affordable Housing Act, the public member shall be a person who
14resides in very low, low, or moderate income housing within the
15redevelopment project area. Municipalities with fewer than
1615,000 residents shall not be required to select a person who
17lives in very low, low, or moderate income housing within the
18redevelopment project area, provided that the redevelopment
19plan or project will not result in displacement of residents
20from 10 or more inhabited units, and the municipality so
21certifies in the plan. If no person satisfying these
22requirements is available or if no qualified person will serve
23as the public member, then the joint review board is relieved
24of this paragraph's selection requirements for the public
25member.
26    Within 90 days of the effective date of this amendatory Act

 

 

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1of the 91st General Assembly, each municipality that designated
2a redevelopment project area for which it was not required to
3convene a joint review board under this Section shall convene a
4joint review board to perform the duties specified under
5paragraph (e) of this Section.
6    All board members shall be appointed and the first board
7meeting shall be held at least 14 days but not more than 28
8days after the mailing of notice by the municipality to the
9taxing districts as required by Section 11-74.4-6(c).
10Notwithstanding the preceding sentence, a municipality that
11adopted either a public hearing resolution or a feasibility
12resolution between July 1, 1999 and July 1, 2000 that called
13for the meeting of the joint review board within 14 days of
14notice of public hearing to affected taxing districts is deemed
15to be in compliance with the notice, meeting, and public
16hearing provisions of the Act. Such notice shall also advise
17the taxing bodies represented on the joint review board of the
18time and place of the first meeting of the board. Additional
19meetings of the board shall be held upon the call of any
20member. The municipality seeking designation of the
21redevelopment project area shall provide administrative
22support to the board.
23    The board shall review (i) the public record, planning
24documents and proposed ordinances approving the redevelopment
25plan and project and (ii) proposed amendments to the
26redevelopment plan or additions of parcels of property to the

 

 

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1redevelopment project area to be adopted by the municipality.
2As part of its deliberations, the board may hold additional
3hearings on the proposal. A board's recommendation shall be an
4advisory, non-binding recommendation. The recommendation shall
5be adopted by a majority of those members present and voting.
6The recommendations shall be submitted to the municipality
7within 30 days after convening of the board. Failure of the
8board to submit its report on a timely basis shall not be cause
9to delay the public hearing or any other step in the process of
10designating or amending the redevelopment project area but
11shall be deemed to constitute approval by the joint review
12board of the matters before it.
13    The board shall base its recommendation to approve or
14disapprove the redevelopment plan and the designation of the
15redevelopment project area or the amendment of the
16redevelopment plan or addition of parcels of property to the
17redevelopment project area on the basis of the redevelopment
18project area and redevelopment plan satisfying the plan
19requirements, the eligibility criteria defined in Section
2011-74.4-3, and the objectives of this Act.
21    The board shall issue a written report describing why the
22redevelopment plan and project area or the amendment thereof
23meets or fails to meet one or more of the objectives of this
24Act and both the plan requirements and the eligibility criteria
25defined in Section 11-74.4-3. In the event the Board does not
26file a report it shall be presumed that these taxing bodies

 

 

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1find the redevelopment project area and redevelopment plan
2satisfy the objectives of this Act and the plan requirements
3and eligibility criteria.
4    If the board recommends rejection of the matters before it,
5the municipality will have 30 days within which to resubmit the
6plan or amendment. During this period, the municipality will
7meet and confer with the board and attempt to resolve those
8issues set forth in the board's written report that led to the
9rejection of the plan or amendment.
10    Notwithstanding the resubmission set forth above, the
11municipality may commence the scheduled public hearing and
12either adjourn the public hearing or continue the public
13hearing until a date certain. Prior to continuing any public
14hearing to a date certain, the municipality shall announce
15during the public hearing the time, date, and location for the
16reconvening of the public hearing. Any changes to the
17redevelopment plan necessary to satisfy the issues set forth in
18the joint review board report shall be the subject of a public
19hearing before the hearing is adjourned if the changes would
20(1) substantially affect the general land uses proposed in the
21redevelopment plan, (2) substantially change the nature of or
22extend the life of the redevelopment project, or (3) increase
23the number of inhabited residential units to be displaced from
24the redevelopment project area, as measured from the time of
25creation of the redevelopment project area, to a total of more
26than 10. Changes to the redevelopment plan necessary to satisfy

 

 

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1the issues set forth in the joint review board report shall not
2require any further notice or convening of a joint review board
3meeting, except that any changes to the redevelopment plan that
4would add additional parcels of property to the proposed
5redevelopment project area shall be subject to the notice,
6public hearing, and joint review board meeting requirements
7established for such changes by subsection (a) of Section
811-74.4-5.
9    In the event that the municipality and the board are unable
10to resolve these differences, or in the event that the
11resubmitted plan or amendment is rejected by the board, the
12municipality may proceed with the plan or amendment, but only
13upon a three-fifths vote of the corporate authority responsible
14for approval of the plan or amendment, excluding positions of
15members that are vacant and those members that are ineligible
16to vote because of conflicts of interest.
17    After the effective date of this amendatory Act of the
18101st General Assembly, a new redevelopment project area that
19overlaps with any existing redevelopment project area or an
20expansion of a redevelopment project area so that the expanded
21area will overlap with any existing redevelopment project area
22may not be approved.
23    (c) After a municipality has by ordinance approved a
24redevelopment plan and designated a redevelopment project
25area, the plan may be amended and additional properties may be
26added to the redevelopment project area only as herein

 

 

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1provided. Amendments which (1) add additional parcels of
2property to the proposed redevelopment project area, (2)
3substantially affect the general land uses proposed in the
4redevelopment plan, (3) substantially change the nature of the
5redevelopment project, (4) increase the total estimated
6redevelopment project costs set out in the redevelopment plan
7by more than 5% after adjustment for inflation from the date
8the plan was adopted, (5) add additional redevelopment project
9costs to the itemized list of redevelopment project costs set
10out in the redevelopment plan, or (6) increase the number of
11inhabited residential units to be displaced from the
12redevelopment project area, as measured from the time of
13creation of the redevelopment project area, to a total of more
14than 10, shall be made only after the municipality gives
15notice, convenes a joint review board, and conducts a public
16hearing pursuant to the procedures set forth in this Section
17and in Section 11-74.4-6 of this Act. Changes which do not (1)
18add additional parcels of property to the proposed
19redevelopment project area, (2) substantially affect the
20general land uses proposed in the redevelopment plan, (3)
21substantially change the nature of the redevelopment project,
22(4) increase the total estimated redevelopment project cost set
23out in the redevelopment plan by more than 5% after adjustment
24for inflation from the date the plan was adopted, (5) add
25additional redevelopment project costs to the itemized list of
26redevelopment project costs set out in the redevelopment plan,

 

 

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1or (6) increase the number of inhabited residential units to be
2displaced from the redevelopment project area, as measured from
3the time of creation of the redevelopment project area, to a
4total of more than 10, may be made without further public
5hearing and related notices and procedures including the
6convening of a joint review board as set forth in Section
711-74.4-6 of this Act, provided that the municipality shall
8give notice of any such changes by mail to each affected taxing
9district and registrant on the interested parties registry,
10provided for under Section 11-74.4-4.2, and by publication in a
11newspaper of general circulation within the affected taxing
12district. Such notice by mail and by publication shall each
13occur not later than 10 days following the adoption by
14ordinance of such changes.
15    (d) After the effective date of this amendatory Act of the
1691st General Assembly, a municipality shall submit in an
17electronic format the following information for each
18redevelopment project area (i) to the State Comptroller under
19Section 8-8-3.5 of the Illinois Municipal Code, subject to any
20extensions or exemptions provided at the Comptroller's
21discretion under that Section, and (ii) to all taxing districts
22overlapping the redevelopment project area no later than 180
23days after the close of each municipal fiscal year or as soon
24thereafter as the audited financial statements become
25available and, in any case, shall be submitted before the
26annual meeting of the Joint Review Board to each of the taxing

 

 

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1districts that overlap the redevelopment project area:
2        (1) Any amendments to the redevelopment plan, the
3    redevelopment project area, or the State Sales Tax
4    Boundary.
5        (1.5) A list of the redevelopment project areas
6    administered by the municipality and, if applicable, the
7    date each redevelopment project area was designated or
8    terminated by the municipality.
9        (2) Audited financial statements of the special tax
10    allocation fund once a cumulative total of $100,000 has
11    been deposited in the fund.
12        (3) Certification of the Chief Executive Officer of the
13    municipality that the municipality has complied with all of
14    the requirements of this Act during the preceding fiscal
15    year.
16        (4) An opinion of legal counsel that the municipality
17    is in compliance with this Act.
18        (5) An analysis of the special tax allocation fund
19    which sets forth:
20            (A) the balance in the special tax allocation fund
21        at the beginning of the fiscal year;
22            (B) all amounts deposited in the special tax
23        allocation fund by source;
24            (C) an itemized list of all expenditures from the
25        special tax allocation fund by category of permissible
26        redevelopment project cost; and

 

 

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1            (D) the balance in the special tax allocation fund
2        at the end of the fiscal year including a breakdown of
3        that balance by source and a breakdown of that balance
4        identifying any portion of the balance that is
5        required, pledged, earmarked, or otherwise designated
6        for payment of or securing of obligations and
7        anticipated redevelopment project costs. Any portion
8        of such ending balance that has not been identified or
9        is not identified as being required, pledged,
10        earmarked, or otherwise designated for payment of or
11        securing of obligations or anticipated redevelopment
12        projects costs shall be designated as surplus as set
13        forth in Section 11-74.4-7 hereof.
14        (6) A description of all property purchased by the
15    municipality within the redevelopment project area
16    including:
17            (A) Street address.
18            (B) Approximate size or description of property.
19            (C) Purchase price.
20            (D) Seller of property.
21        (7) A statement setting forth all activities
22    undertaken in furtherance of the objectives of the
23    redevelopment plan, including:
24            (A) Any project implemented in the preceding
25        fiscal year.
26            (B) A description of the redevelopment activities

 

 

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1        undertaken.
2            (C) A description of any agreements entered into by
3        the municipality with regard to the disposition or
4        redevelopment of any property within the redevelopment
5        project area or the area within the State Sales Tax
6        Boundary.
7            (D) Additional information on the use of all funds
8        received under this Division and steps taken by the
9        municipality to achieve the objectives of the
10        redevelopment plan.
11            (E) Information regarding contracts that the
12        municipality's tax increment advisors or consultants
13        have entered into with entities or persons that have
14        received, or are receiving, payments financed by tax
15        increment revenues produced by the same redevelopment
16        project area.
17            (F) Any reports submitted to the municipality by
18        the joint review board.
19            (G) A review of public and, to the extent possible,
20        private investment actually undertaken to date after
21        the effective date of this amendatory Act of the 91st
22        General Assembly and estimated to be undertaken during
23        the following year. This review shall, on a
24        project-by-project basis, set forth the estimated
25        amounts of public and private investment incurred
26        after the effective date of this amendatory Act of the

 

 

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1        91st General Assembly and provide the ratio of private
2        investment to public investment to the date of the
3        report and as estimated to the completion of the
4        redevelopment project.
5        (8) With regard to any obligations issued by the
6    municipality:
7            (A) copies of any official statements; and
8            (B) an analysis prepared by financial advisor or
9        underwriter setting forth: (i) nature and term of
10        obligation; and (ii) projected debt service including
11        required reserves and debt coverage.
12        (9) For special tax allocation funds that have
13    experienced cumulative deposits of incremental tax
14    revenues of $100,000 or more, a certified audit report
15    reviewing compliance with this Act performed by an
16    independent public accountant certified and licensed by
17    the authority of the State of Illinois. The financial
18    portion of the audit must be conducted in accordance with
19    Standards for Audits of Governmental Organizations,
20    Programs, Activities, and Functions adopted by the
21    Comptroller General of the United States (1981), as
22    amended, or the standards specified by Section 8-8-5 of the
23    Illinois Municipal Auditing Law of the Illinois Municipal
24    Code. The audit report shall contain a letter from the
25    independent certified public accountant indicating
26    compliance or noncompliance with the requirements of

 

 

SB2938- 95 -LRB101 16904 AWJ 69238 b

1    subsection (q) of Section 11-74.4-3. For redevelopment
2    plans or projects that would result in the displacement of
3    residents from 10 or more inhabited residential units or
4    that contain 75 or more inhabited residential units, notice
5    of the availability of the information, including how to
6    obtain the report, required in this subsection shall also
7    be sent by mail to all residents or organizations that
8    operate in the municipality that register with the
9    municipality for that information according to
10    registration procedures adopted under Section 11-74.4-4.2.
11    All municipalities are subject to this provision.
12        (10) A list of all intergovernmental agreements in
13    effect during the fiscal year to which the municipality is
14    a party and an accounting of any moneys transferred or
15    received by the municipality during that fiscal year
16    pursuant to those intergovernmental agreements.
17    (d-1) Prior to the effective date of this amendatory Act of
18the 91st General Assembly, municipalities with populations of
19over 1,000,000 shall, after adoption of a redevelopment plan or
20project, make available upon request to any taxing district in
21which the redevelopment project area is located the following
22information:
23        (1) Any amendments to the redevelopment plan, the
24    redevelopment project area, or the State Sales Tax
25    Boundary; and
26        (2) In connection with any redevelopment project area

 

 

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1    for which the municipality has outstanding obligations
2    issued to provide for redevelopment project costs pursuant
3    to Section 11-74.4-7, audited financial statements of the
4    special tax allocation fund.
5    (e) The joint review board shall meet annually 180 days
6after the close of the municipal fiscal year or as soon as the
7redevelopment project audit for that fiscal year becomes
8available to review the effectiveness and status of the
9redevelopment project area up to that date.
10    (f) (Blank).
11    (g) In the event that a municipality has held a public
12hearing under this Section prior to March 14, 1994 (the
13effective date of Public Act 88-537), the requirements imposed
14by Public Act 88-537 relating to the method of fixing the time
15and place for public hearing, the materials and information
16required to be made available for public inspection, and the
17information required to be sent after adoption of an ordinance
18or resolution fixing a time and place for public hearing shall
19not be applicable.
20    (h) On and after the effective date of this amendatory Act
21of the 96th General Assembly, the State Comptroller must post
22on the State Comptroller's official website the information
23submitted by a municipality pursuant to subsection (d) of this
24Section. The information must be posted no later than 45 days
25after the State Comptroller receives the information from the
26municipality. The State Comptroller must also post a list of

 

 

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1the municipalities not in compliance with the reporting
2requirements set forth in subsection (d) of this Section.
3    (i) No later than 10 years after the corporate authorities
4of a municipality adopt an ordinance to establish a
5redevelopment project area, the municipality must compile a
6status report concerning the redevelopment project area. The
7status report must detail without limitation the following: (i)
8the amount of revenue generated within the redevelopment
9project area, (ii) any expenditures made by the municipality
10for the redevelopment project area including without
11limitation expenditures from the special tax allocation fund,
12(iii) the status of planned activities, goals, and objectives
13set forth in the redevelopment plan including details on new or
14planned construction within the redevelopment project area,
15(iv) the amount of private and public investment within the
16redevelopment project area, and (v) any other relevant
17evaluation or performance data. Within 30 days after the
18municipality compiles the status report, the municipality must
19hold at least one public hearing concerning the report. The
20municipality must provide 20 days' public notice of the
21hearing.
22    (j) Beginning in fiscal year 2011 and in each fiscal year
23thereafter, a municipality must detail in its annual budget (i)
24the revenues generated from redevelopment project areas by
25source and (ii) the expenditures made by the municipality for
26redevelopment project areas.

 

 

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1(Source: P.A. 98-922, eff. 8-15-14.)
 
2    (65 ILCS 5/11-74.4-7)  (from Ch. 24, par. 11-74.4-7)
3    Sec. 11-74.4-7. Obligations secured by the special tax
4allocation fund set forth in Section 11-74.4-8 for the
5redevelopment project area may be issued to provide for
6redevelopment project costs. Such obligations, when so issued,
7shall be retired in the manner provided in the ordinance
8authorizing the issuance of such obligations by the receipts of
9taxes levied as specified in Section 11-74.4-9 against the
10taxable property included in the area, by revenues as specified
11by Section 11-74.4-8a and other revenue designated by the
12municipality. A municipality may in the ordinance pledge all or
13any part of the funds in and to be deposited in the special tax
14allocation fund created pursuant to Section 11-74.4-8 to the
15payment of the redevelopment project costs and obligations. Any
16pledge of funds in the special tax allocation fund shall
17provide for distribution to the taxing districts and to the
18Illinois Department of Revenue of moneys not required, pledged,
19earmarked, or otherwise designated for payment and securing of
20the obligations and anticipated redevelopment project costs
21and such excess funds shall be calculated annually and deemed
22to be "surplus" funds. In the event a municipality only applies
23or pledges a portion of the funds in the special tax allocation
24fund for the payment or securing of anticipated redevelopment
25project costs or of obligations, any such funds remaining in

 

 

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1the special tax allocation fund after complying with the
2requirements of the application or pledge, shall also be
3calculated annually and deemed "surplus" funds. The joint
4review board and the municipality shall review all funds in the
5special tax allocation fund and shall designate and approve
6surplus funds no later than 30 days after the close of the
7municipality's fiscal year. The joint review board and
8municipality shall issue a joint written report describing why
9they designated certain funds surplus funds and why other funds
10were not designated surplus funds under the requirements of
11this paragraph. All surplus funds in the special tax allocation
12fund shall be distributed annually within 90 180 days after the
13close of the municipality's fiscal year, but not before the
14joint written report is issued under this paragraph, by being
15paid by the municipal treasurer to the County Collector, to the
16Department of Revenue and to the municipality in direct
17proportion to the tax incremental revenue received as a result
18of an increase in the equalized assessed value of property in
19the redevelopment project area, tax incremental revenue
20received from the State and tax incremental revenue received
21from the municipality, but not to exceed as to each such source
22the total incremental revenue received from that source. The
23County Collector shall thereafter make distribution to the
24respective taxing districts in the same manner and proportion
25as the most recent distribution by the county collector to the
26affected districts of real property taxes from real property in

 

 

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1the redevelopment project area.
2    Without limiting the foregoing in this Section, the
3municipality may in addition to obligations secured by the
4special tax allocation fund pledge for a period not greater
5than the term of the obligations towards payment of such
6obligations any part or any combination of the following: (a)
7net revenues of all or part of any redevelopment project; (b)
8taxes levied and collected on any or all property in the
9municipality; (c) the full faith and credit of the
10municipality; (d) a mortgage on part or all of the
11redevelopment project; (d-5) repayment of bonds issued
12pursuant to subsection (p-130) of Section 19-1 of the School
13Code; or (e) any other taxes or anticipated receipts that the
14municipality may lawfully pledge.
15    Such obligations may be issued in one or more series
16bearing interest at such rate or rates as the corporate
17authorities of the municipality shall determine by ordinance.
18Such obligations shall bear such date or dates, mature at such
19time or times not exceeding 20 years from their respective
20dates, be in such denomination, carry such registration
21privileges, be executed in such manner, be payable in such
22medium of payment at such place or places, contain such
23covenants, terms and conditions, and be subject to redemption
24as such ordinance shall provide. Obligations issued pursuant to
25this Act may be sold at public or private sale at such price as
26shall be determined by the corporate authorities of the

 

 

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1municipalities. No referendum approval of the electors shall be
2required as a condition to the issuance of obligations pursuant
3to this Division except as provided in this Section.
4    In the event the municipality authorizes issuance of
5obligations pursuant to the authority of this Division secured
6by the full faith and credit of the municipality, which
7obligations are other than obligations which may be issued
8under home rule powers provided by Article VII, Section 6 of
9the Illinois Constitution, or pledges taxes pursuant to (b) or
10(c) of the second paragraph of this section, the ordinance
11authorizing the issuance of such obligations or pledging such
12taxes shall be published within 10 days after such ordinance
13has been passed in one or more newspapers, with general
14circulation within such municipality. The publication of the
15ordinance shall be accompanied by a notice of (1) the specific
16number of voters required to sign a petition requesting the
17question of the issuance of such obligations or pledging taxes
18to be submitted to the electors; (2) the time in which such
19petition must be filed; and (3) the date of the prospective
20referendum. The municipal clerk shall provide a petition form
21to any individual requesting one.
22    If no petition is filed with the municipal clerk, as
23hereinafter provided in this Section, within 30 days after the
24publication of the ordinance, the ordinance shall be in effect.
25But, if within that 30 day period a petition is filed with the
26municipal clerk, signed by electors in the municipality

 

 

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1numbering 10% or more of the number of registered voters in the
2municipality, asking that the question of issuing obligations
3using full faith and credit of the municipality as security for
4the cost of paying for redevelopment project costs, or of
5pledging taxes for the payment of such obligations, or both, be
6submitted to the electors of the municipality, the corporate
7authorities of the municipality shall call a special election
8in the manner provided by law to vote upon that question, or,
9if a general, State or municipal election is to be held within
10a period of not less than 30 or more than 90 days from the date
11such petition is filed, shall submit the question at the next
12general, State or municipal election. If it appears upon the
13canvass of the election by the corporate authorities that a
14majority of electors voting upon the question voted in favor
15thereof, the ordinance shall be in effect, but if a majority of
16the electors voting upon the question are not in favor thereof,
17the ordinance shall not take effect.
18    The ordinance authorizing the obligations may provide that
19the obligations shall contain a recital that they are issued
20pursuant to this Division, which recital shall be conclusive
21evidence of their validity and of the regularity of their
22issuance.
23    In the event the municipality authorizes issuance of
24obligations pursuant to this Section secured by the full faith
25and credit of the municipality, the ordinance authorizing the
26obligations may provide for the levy and collection of a direct

 

 

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1annual tax upon all taxable property within the municipality
2sufficient to pay the principal thereof and interest thereon as
3it matures, which levy may be in addition to and exclusive of
4the maximum of all other taxes authorized to be levied by the
5municipality, which levy, however, shall be abated to the
6extent that monies from other sources are available for payment
7of the obligations and the municipality certifies the amount of
8said monies available to the county clerk.
9    A certified copy of such ordinance shall be filed with the
10county clerk of each county in which any portion of the
11municipality is situated, and shall constitute the authority
12for the extension and collection of the taxes to be deposited
13in the special tax allocation fund.
14    A municipality may also issue its obligations to refund in
15whole or in part, obligations theretofore issued by such
16municipality under the authority of this Act, whether at or
17prior to maturity, provided however, that the last maturity of
18the refunding obligations may not be later than the dates set
19forth under Section 11-74.4-3.5.
20    In the event a municipality issues obligations under home
21rule powers or other legislative authority the proceeds of
22which are pledged to pay for redevelopment project costs, the
23municipality may, if it has followed the procedures in
24conformance with this division, retire said obligations from
25funds in the special tax allocation fund in amounts and in such
26manner as if such obligations had been issued pursuant to the

 

 

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1provisions of this division.
2    All obligations heretofore or hereafter issued pursuant to
3this Act shall not be regarded as indebtedness of the
4municipality issuing such obligations or any other taxing
5district for the purpose of any limitation imposed by law.
6(Source: P.A. 100-531, eff. 9-22-17.)
 
7    Section 99. Effective date. This Act takes effect January
81, 2021.