102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB3183

 

Introduced 2/19/2021, by Rep. Jehan Gordon-Booth

 

SYNOPSIS AS INTRODUCED:
 
See Index

    Creates a new Division in the Counties Code. Creates the Peoria County Land Bank Authority pilot program with the purpose to use available resources to facilitate the return of vacant, abandoned, and tax-delinquent properties to productive use in order to combat community deterioration, create economic growth, and stabilizing the housing and job market. Provides that the Authority is an agency of and funded by Peoria County and that the Authority's Board of Directors are accountable to the Peoria County Board. Contains provisions relating to the appointment of members to the Authority's Board of Directors and operation of the Authority. Allows the hiring of an Executive Director and other staff. Provides that Peoria County shall defend and indemnify the Authority's Board of Directors under specified circumstances. Requires Peoria County to yearly report to the General Assembly of the Authority's effectiveness in meeting the Authority's purposes. Repeals the Division Janury 1, 2025.


LRB102 13258 AWJ 18602 b

FISCAL NOTE ACT MAY APPLY
HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB3183LRB102 13258 AWJ 18602 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 Counties Code is amended by adding Division
55-45 as follows:
 
6    (55 ILCS 5/Div. 5-45 heading new)
7
Division 5-45. Peoria County Land Bank
8
Authority Pilot Program

 
9    (55 ILCS 5/5-45005 new)
10    Sec. 5-45005. Purpose. The purpose of this Division is to
11create the Peoria County Land Bank Authority that will use
12available resources to facilitate the return of vacant,
13abandoned, and tax-delinquent properties to productive use
14thereby combating community deterioration, creating economic
15growth, and stabilizing the housing and job market.
16    The land bank will acquire, hold, and transfer interest in
17real property throughout Peoria County as approved by the
18Board of Directors of the Authority for the following
19purposes: to promote redevelopment and reuse of vacant,
20abandoned, and tax-delinquent properties; support targeted
21efforts to stabilize neighborhoods; and stimulate residential,
22commercial, and industrial development all in ways that are

 

 

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1consistent with goals and priorities established by this
2Division, local government partners, and other community
3stakeholders.
 
4    (55 ILCS 5/5-45010 new)
5    Sec. 5-45010. Definitions. As used in this Division:
6    "Board of Directors" means the Board of Directors of the
7Peoria County Land Bank Authority.
8    "County" means Peoria County.
9    "County Board" means the County Board of Peoria County.
10    "Director" means the Executive Director of the Peoria
11County Land Bank Authority.
12    "Fiscal Year" means the fiscal year of the land bank,
13which is the same as Peoria County's fiscal year.
14    "Good cause" includes inefficiency, neglect of duty,
15malfeasance, or any cause which renders the Director or Board
16of Directors member unfit for the position or unable to
17perform the duties of the position or the scope of the work.
18    "Land bank" means the Peoria County Land Bank Authority.
19    "Member" means a member of the Board of Directors.
20    "Person" means any individual, corporation, limited
21liability corporation, organization, government, governmental
22subdivision or agency, business trust, estate, trust,
23partnership, association, and any other legal entity.
24    "Real property" means all land and the buildings on the
25land, all things permanently attached to land or to the

 

 

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1buildings on the land, and any interest existing in, issuing
2out of, or dependent upon land or the buildings on the land.
 
3    (55 ILCS 5/5-45015 new)
4    Sec. 5-45015. Establishment. The Peoria County Land Bank
5Authority is established as an agency of Peoria County. All
6personnel, facilities, equipment, and supplies within the land
7bank shall be governed by a Board of Directors as provided in
8this Division. The Board of Directors shall be accountable to
9the County Board. The land bank shall be funded by the County.
10The Authority is dissolved on the date this Division is
11repealed under Section 5-45999.
 
12    (55 ILCS 5/5-45020 new)
13    Sec. 5-45020. Principal office. The principal office of
14the land bank shall be at a location within the County, as
15determined by the Board of Directors.
 
16    (55 ILCS 5/5-45025 new)
17    Sec. 5-45025. Title to land bank assets. Except as
18otherwise provided in this Division, the County shall hold
19title to all real property controlled by the land bank.
 
20    (55 ILCS 5/5-45030 new)
21    Sec. 5-45030. Tax-exempt status. The activities of the
22land bank are governmental functions carried out by an

 

 

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1instrumentality or political subdivision of the State as
2described in Section 115 of Title 26 of the United States
3Internal Revenue Code, or any corresponding provisions of any
4future tax code. The activities of the land bank are
5governmental functions carried out by a political subdivision
6of the State, exempt to the extent provided under Illinois law
7from taxation by this State, including, but not limited to, ad
8valorem property tax exemption under the Property Tax Code.
 
9    (55 ILCS 5/5-45035 new)
10    Sec. 5-45035. Waiver of special assessments. Upon the
11request of the land bank and for the purposes of fostering the
12goals and objectives of the land bank, the County, as
13permitted by law, may extinguish special assessments levied by
14it prior to the date of acquisition by the land bank against
15real property controlled by the land bank, and may seek to
16exempt real property controlled by the land bank from the
17imposition of special assessments.
 
18    (55 ILCS 5/5-45040 new)
19    Sec. 5-45040. Compliance with law. The land bank shall
20comply with all applicable federal and state laws, rules,
21regulations, and orders.
 
22    (55 ILCS 5/5-45045 new)
23    Sec. 5-45045. No third-party beneficiaries. Except as

 

 

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1otherwise provided, this Division does not create for any
2person, other than the County, and is not intended to create by
3implication or otherwise, a direct or indirect benefit,
4obligation, duty, promise, right to be indemnified (such as
5contractually, legally, equitably, or by implication), right
6to be subrogated to the County's rights under this Division,
7or any other right or benefit.
 
8    (55 ILCS 5/5-45050 new)
9    Sec. 5-45050. Board of Directors. The land bank shall be
10governed by a Board of Directors that shall be appointed by the
11chairman of the County Board, subject to approval by the
12County Board, no later than 45 days after the effective date of
13this amendatory Act of the 102nd General Assembly. Members of
14the Board of Directors shall be residents of the County. The
15Board of Directors shall consist of 15 members.
 
16    (55 ILCS 5/5-45055 new)
17    Sec. 5-45055. Appointment of members. Candidates for the
18Board of Directors appointed by the chairman shall be selected
19from the following categories:
20        (1) one County Board member to serve as an ex officio
21    member with voting rights. The ex officio member shall
22    serve as a liaison between the County Board and the Board
23    of Directors;
24        (2) 3 Peoria County mayors, presidents, or village

 

 

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1    managers;
2        (3) one representative from the City of Peoria as
3    recommended by the mayor of the City of Peoria;
4        (4) one representative from the Greater Peoria
5    Economic Development Council;
6        (5) one representative from a community development
7    finance institution;
8        (6) one representative from the banking community;
9        (7) one representative from a local or State realtor
10    association;
11        (8) one representative from the non-profit housing
12    development community;
13        (9) one representative from the commercial or
14    industrial development community;
15        (10) one representative from a City of Peoria
16    community organization;
17        (11) one representative from a Peoria County community
18    organization;
19        (12) one representative from the legal community; and
20        (13) one representative with commercial retail
21    development experience.
 
22    (55 ILCS 5/5-45060 new)
23    Sec. 5-45060. Term of office.
24    (a) Except as otherwise provided in this Section or
25Section 5-45075, the members of the Board of Directors shall

 

 

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1be appointed for a term of 3 years.
2    (b) The ex officio member shall serve until the expiration
3of his or her County Board term.
4    (c) The initial members, except as provided in subsection
5(b), shall serve terms as follows as determined by lot at the
6Board of Directors first meeting next following all member
7appointments:
8        (1) Four of the members shall serve a term that
9    expires on the January 1 next following the establishment
10    of the land bank, except that these members shall serve
11    until the 2nd January 1 next following the establishment
12    of the land bank if the land bank was established after
13    July 1.
14        (2) Four of the members shall serve a term that
15    expires on the January 1 next following the expiration of
16    the members' terms under item (1).
17        (3) Three of the members shall serve a term that
18    expires on the January, 1 next following the expiration of
19    the members' terms under item (2).
20        (4) Three of the members shall serve a term that
21    expires on the January 1 next following the expiration of
22    the members' terms under item (3).
23    (d) After the initial appointed terms under subsection
24(c), each member, other than the ex officio member, shall
25serve a term of 3 years.
26    (e) A member shall serve until a successor is appointed

 

 

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1and has qualified.
2    (f) A member who is appointed to fill a vacancy, other than
3a vacancy caused by the expiration of the predecessor's term,
4shall serve until the expiration of his or her predecessor's
5term.
6    (g) Other than the ex officio member, a member may not
7serve more than 2 consecutive full terms.
 
8    (55 ILCS 5/5-45065 new)
9    Sec. 5-45065. Officers.
10    (a) The Board of Directors shall select an initial
11chairperson from among the initial members. The chairperson
12shall serve a 2-year term as chairperson and, thereafter, the
13Board of Directors shall annually elect a chairperson from
14among its members. A member may be elected to serve successive
15terms as chairperson.
16    The chairperson shall preside at meetings of the Board of
17Directors and is entitled to vote on all matters before the
18Board of Directors.
19    (b) The Board of Directors may appoint from its members a
20member to serve as the land bank secretary and appoint
21additional officers from its members as it may deem
22appropriate.
 
23    (55 ILCS 5/5-45070 new)
24    Sec. 5-45070. Removal. A member may be removed for good

 

 

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1cause by the chairman of the County Board prior to the
2expiration of the member's term of appointment. The chairman
3of the County Board shall provide written notice to that
4member, the Director, and the County Board of the removal of
5that member from the Board of Directors. The notice shall
6state the specific grounds which constitute cause for removal.
7The member, in receipt of a notice, may request to appear
8before the County Board and present reasons in support of his
9or her retention. Thereafter, the County Board shall vote upon
10whether there are sufficient grounds to remove that member
11from office. The chairman of the County Board shall notify the
12member of the final action of the County Board.
 
13    (55 ILCS 5/5-45075 new)
14    Sec. 5-45075. Vacancies. Any vacancy on the Board of
15Directors caused by death, resignation, disqualification, or
16removal shall be filled by the chairman of the County Board as
17soon as practicable, but not to exceed 60 days following the
18occurrence of the vacancy. The vacancy shall be filled for the
19remainder of the unexpired term in the same manner as the
20original appointment. Expired terms shall be filled by the
21chairman of the County Board within 60 days of the term's
22expiration in the same manner as the original appointment.
 
23    (55 ILCS 5/5-45080 new)
24    Sec. 5-45080. Meetings. The Board of Directors shall

 

 

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1conduct its first meeting no later than 60 days after the
2appointment of the Board of Directors. The place, date, and
3time of the land bank meetings shall be determined at the
4discretion of the Board of Directors. All meetings of the
5Board of Directors shall comply with the Open Meetings Act.
 
6    (55 ILCS 5/5-45085 new)
7    Sec. 5-45085. Initial bylaws and policies and procedures.
8The Board of Directors shall adopt bylaws and policies and
9procedures consistent with the provisions of this Division no
10later than 120 days after the first meeting of the Board of
11Directors.
 
12    (55 ILCS 5/5-45090 new)
13    Sec. 5-45090. Quorum; voting. A quorum is necessary for
14the transaction of any business by the Board of Directors. A
15majority of the members of the Board of Directors shall
16constitute a quorum. The Board of Directors shall act by a
17majority vote of the members at a meeting at which a quorum is
18present, except as otherwise provided in this Division.
19Presence for both quorum and voting at the land bank shall be
20articulated by the Board of Directors in its bylaws or
21procedures in a manner consistent with the Open Meetings Act.
 
22    (55 ILCS 5/5-45095 new)
23    Sec. 5-45095. Records of meetings. Minutes of all meetings

 

 

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1of the Board of Directors and its committees shall be made and
2maintained as required by the Open Meetings Act.
 
3    (55 ILCS 5/5-45100 new)
4    Sec. 5-45100. Board of Directors responsibilities. The
5Board of Directors shall:
6        (1) ensure that all personnel matters are conducted
7    free from any political interference and in accordance
8    with all applicable laws;
9        (2) ensure that all operations, including contractual
10    matters, are conducted free from any political
11    interference; and
12        (3) ensure efficiency in service delivery and sound
13    fiscal management of all aspects of the land bank
14    including the collection of all revenues from all sources.
 
15    (55 ILCS 5/5-45105 new)
16    Sec. 5-45105. Board of Directors actions. The Board of
17Directors shall do all of the following:
18        (1) adopt, amend, or repeal rules and policies and
19    procedures governing the Board of Directors and its
20    actions and meetings and adopt, amend, or repeal policies
21    and procedures to implement day-to-day operation of the
22    land bank, including policies governing any staff of the
23    land bank;
24        (2) elect additional officers, including, but not

 

 

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1    limited to, initial officers who shall be elected at the
2    first meeting of the Board of Directors in accordance with
3    the bylaws;
4        (3) provide for a system of accounting;
5        (4) adopt or amend the land bank's budget to submit
6    annually to the County Board for approval and adoption in
7    a time frame mandated by Peoria County's Chief Financial
8    Officer;
9        (5) adopt, amend, or repeal policies and procedures
10    for contracting and procurement;
11        (6) commission, collect, and receive data from public,
12    private, professional, and volunteer sources to compile an
13    inventory and analysis of desirable properties for
14    acquisition;
15        (7) establish banking arrangements for the land bank;
16    and
17        (8) organize and reorganize the executive,
18    administrative, clerical, and other departments of the
19    land bank and fix the duties, powers, and compensation of
20    all employees, agents, and consultants of the land bank
21    hired pursuant to Section 5-45125.
 
22    (55 ILCS 5/5-45110 new)
23    Sec. 5-45110. Fiduciary duty. The members of the Board of
24Directors are under a fiduciary duty to conduct the activities
25and affairs of the land bank in the best interests of the

 

 

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1residents of the County, including the safekeeping and use of
2all land bank moneys and assets. The members of the Board of
3Directors shall discharge their duties in good faith with the
4care an ordinarily prudent person in a like position would
5exercise under similar circumstances.
 
6    (55 ILCS 5/5-45115 new)
7    Sec. 5-45115. Compensation. The members of the Board of
8Directors shall receive no compensation for the performance of
9their duties. A member may engage in private or public
10employment or in a profession or business, except to the
11extent prohibited by law or County ordinance. The land bank
12may reimburse members of the Board of Directors for actual and
13necessary expenses incurred in the discharge of their official
14duties as provided by the Board of Directors.
 
15    (55 ILCS 5/5-45120 new)
16    Sec. 5-45120. Executive Director. The Board of Directors
17shall retain the professional services of an individual to
18perform the duties of an Executive Director on a contractual
19basis with the advice and consent of the chairman of the County
20Board. The Director is not an employee of the land bank or
21County. The Director shall administer the land bank in
22accordance with the operating budget approved by the County
23Board, general policy guidelines established by the Board of
24Directors, other applicable governmental procedures and

 

 

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1policies, and this Division. The Director is responsible for
2the day-to-day operations of the land bank; the control,
3management, and oversight of the land bank's functions; and
4supervision of all land bank contractual agreements. All terms
5and conditions of the Director's service shall be specified in
6a written contract between the Director and the Board of
7Directors. The Director may be removed by the chairman of the
8County Board or the Board of Directors, for good cause, prior
9to the expiration of the Director's contract. The Board of
10Directors may delegate to the Director any powers or duties it
11considers proper under such terms, conditions, and to the
12extent that the Board of Directors may specify.
 
13    (55 ILCS 5/5-45125 new)
14    Sec. 5-45125. Staffing services.
15    (a) The Board of Directors may approve contracts for
16staffing as requested by the Director that are deemed
17necessary to carry out the duties and responsibilities of the
18land bank and in accordance with the policies and procedures
19established by the Board of Directors. Such staff shall be
20retained pursuant to contracts entered into in accordance with
21the procurement rules established by the Board of Directors.
22    (b) If the Board of Directors elects to have staff, staff
23employed by the Board of Directors for the land bank not
24otherwise retained through the Board of Directors' procurement
25rules shall be recruited or employed through the County's

 

 

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1employment plan, if any, and are County employees.
 
2    (55 ILCS 5/5-45130 new)
3    Sec. 5-45130. Ethics and oversight. The land bank and its
4Director, Board of Directors, employees, and contractors are
5subject to County ethics rules or ordinances and County ethics
6officers, if any.
 
7    (55 ILCS 5/5-45135 new)
8    Sec. 5-45135. Indemnification.
9    (a) Except as otherwise provided in this Section, the
10County shall defend and indemnify the land bank and its
11members from all claims or judgments arising out of their
12activities as members for all negligence claims and claims or
13judgments arising out of land bank activities performed on
14behalf of the County.
15    (b) The County is not obligated to indemnify the land bank
16or its members for:
17        (1) Punitive damages or liability arising out of
18    conduct which is based upon willful or wanton conduct.
19        (2) Conduct which is outside of the scope of the land
20    bank's authority.
21        (3) A settlement or judgment in which the County did
22    not participate.
23        (4) The defense of any criminal or disciplinary
24    proceeding.

 

 

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1    (c) To be eligible for defense and indemnification, the
2land bank or its members shall:
3        (1) notify, within 5 days of receipt, the County
4    Administrator and the Civil Division of the Peoria County
5    State's Attorney's Office of any claim made against the
6    member or land bank and deliver all written demands,
7    complaints, and other legal papers received by the
8    practitioner with respect to such claim to the County
9    Administrator;
10        (2) cooperate with the State's Attorney's Office in
11    the investigation and defense of any claim against the
12    County or any member, including, but not limited to,
13    preparing for and attending depositions, hearings, and
14    trials and otherwise assisting in securing and giving
15    evidence; and
16        (3) promptly notify the County Administrator and the
17    Civil Division of the Peoria County State's Attorney's
18    Office of any change in the member's address or telephone
19    number.
20    (d) All actions shall be defended by the Peoria County
21State's Attorney. Decisions to settle indemnified claims shall
22be made by the County or the State's Attorney's Office, as
23delegated by the County, and shall not require the consent of
24the indemnified member. If a member declines representation by
25the State's Attorney's Office, the County shall have no
26obligation to defend or indemnify the member.
 

 

 

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1    (55 ILCS 5/5-45140 new)
2    Sec. 5-45140. General powers. The land bank has the
3authority to do all things necessary or convenient to
4implement the purposes, objectives, and provisions of this
5Division or the purposes, objectives, and powers granted to
6the land bank by any federal, state, or local government unit
7consistent with the County's annual budget, including, but not
8limited to, the following:
9        (1) to adopt, amend, and repeal bylaws for the
10    regulation of its affairs and the conduct of its business;
11        (2) to acquire by purchase, donation, or other
12    transfers and to hold, lease, manage, and dispose of real
13    property of every kind and character, or any interest
14    therein, in furtherance of the public purposes of the land
15    bank;
16        (3) to discharge and extinguish real property taxes
17    owed to the County, State, or unit of local government
18    pursuant to an agreement with the County, State, or unit
19    of local government that encumber real property owned by
20    the County through the land bank, as permitted by the
21    Property Tax Code or other applicable law;
22        (4) to pay any tax or special assessment due on real
23    property acquired or owned by the land bank;
24        (5) to acquire, accept, or retain equitable interests,
25    security interests, or other interests in real property or

 

 

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1    other fixtures by loan agreement, note, mortgage, deed to
2    secure debt, trust deed, security agreement, assignment,
3    pledge, conveyance, contract, lien, or other consensual
4    transfer in order to secure the repayment of any moneys
5    loaned or credit extended by the land bank;
6        (6) borrow money from private lenders, from cities or
7    counties, from the State or from federal government funds,
8    subject to the approval of the County Board, to further or
9    carry out the land bank's public purpose by executing
10    leases, trust indentures, trust agreements, agreements for
11    the sale notes, loan agreements, mortgages, deeds to
12    secure debt, trust deeds, security agreements,
13    assignments, and other agreements or instruments as may be
14    necessary or desirable, in the judgment of the land bank,
15    to evidence and to provide security for the borrowing;
16        (7) to make application directly or indirectly to any
17    federal, state, County, or local unit of government or
18    agency or to any other source, whether public or private,
19    for loans, grants, gifts, guarantees, labor, or other aid
20    or financial assistance in furtherance of the land bank's
21    public purpose and to accept and use the same upon terms
22    and conditions as are prescribed by the federal, state,
23    County, or local unit of government, agency, or other
24    source;
25        (8) to enter into agreements with the federal
26    government or any agency of the federal government to use

 

 

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1    the facilities or services of the federal government or
2    agency in order to further or carry out the public
3    purposes of the land bank;
4        (9) to extend credit or make loans to any person,
5    subject to limitations established by the County Board,
6    for the costs of land bank projects which credit or loans
7    may be evidenced or secured by loan agreements, notes,
8    mortgages, deeds to secure debt, trust deeds, security
9    agreements, assignments, or other instruments or by
10    rentals, revenues, fees, or charges, upon terms and
11    conditions as the land bank shall determine to be
12    reasonable in connection with such extension of credit or
13    loans, including provision for the establishment and
14    maintenance of reserve funds, and, in the exercise of
15    powers in connection with a land bank project, the land
16    bank may require the inclusion in a loan agreement, note,
17    mortgage, deed to secure debt, trust deed, security
18    agreement, assignment, or other instrument such provisions
19    or requirements, including but not limited to: guarantee
20    an obligation, insurance, construction, use, operation,
21    maintenance, and financing and other terms and conditions
22    as the land bank may deem necessary or desirable;
23        (10) as security for repayment of any note, or other
24    obligations of the land bank, to pledge, mortgage, convey,
25    assign, hypothecate, or otherwise encumber any property of
26    the land bank, including, but not limited to, real

 

 

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1    property, fixtures, and revenues or other funds, and to
2    execute any lease, trust indenture, trust agreement,
3    agreement for the sale of the land bank's notes or other
4    obligations, loan agreement, mortgage, deed to secure
5    debt, trust deed, security agreement, assignment, or other
6    agreement or instrument as may be necessary or desirable,
7    in the judgment of the land bank, to secure any notes or
8    other obligations, which instruments or agreements may
9    provide for foreclosure or forced sale of any real
10    property of the land bank upon default in any obligation
11    of the land bank, either in payment of principal, premium,
12    or interest or in the performance of a term or condition
13    contained in the agreement or instrument;
14        (11) to receive and administer gifts, grants, and
15    bequests of money and real property consistent with the
16    purpose of the land bank;
17        (12) to use any real property or fixtures, or any
18    interest in real property or fixtures, to rent, license,
19    or lease the real property to or from others or make
20    contracts with respect to the use of the real property or
21    fixtures, or to sell, lease, exchange, transfer, assign,
22    pledge, or otherwise dispose of or grant options for the
23    real property in any manner as it deems to be in the best
24    interests of the land bank and the public purpose;
25        (13) to procure insurance or guarantees from the State
26    or federal government of the payments of any debts or

 

 

HB3183- 21 -LRB102 13258 AWJ 18602 b

1    parts incurred by the land bank and to pay premiums in
2    connection with the insurance or guarantees;
3        (14) to procure, if required, insurance against losses
4    in connection with the real property, assets, or
5    activities of the land bank;
6        (15) to enter into contracts and other instruments
7    necessary, incidental, or convenient to the performance of
8    its duties and the exercise of its powers, including, but
9    not limited to, an agreement with a party for the joint
10    exercise of powers. An agreement with a party may include
11    contracts for the performance of services by a party on
12    behalf of the land bank or by the land bank on behalf of a
13    party;
14        (16) to enter into partnerships, joint ventures, and
15    other collaborative relationships with municipalities and
16    other public and private entities for the ownership,
17    management, development, and disposition of real property;
18        (17) to enter into contracts and other instruments
19    necessary, incidental, or convenient to the performance of
20    its duties and the exercise of its powers, including, but
21    not limited to, agreements with a party regarding the
22    disposition of land bank properties located within their
23    boundaries;
24        (18) to finance (by loan, grant, lease, or otherwise),
25    refinance, construct, erect, assemble, purchase, acquire,
26    own, repair, remodel, rehabilitate, modify, maintain,

 

 

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1    extend, improve, install, sell, equip, expand, add to,
2    operate, or manage real property or rights or interests in
3    real property and to pay the costs of any such project from
4    the proceeds of revenue bonds or loans by persons,
5    corporations, partnerships, whether limited or general, or
6    other entities, all of which the land bank is authorized
7    to receive, accept, and use;
8        (19) to fix, charge, and collect rents, fees,
9    licenses, and charges for the use of real property of the
10    land bank and for services provided by the Land Bank;
11        (20) to grant or acquire a license, easement, lease
12    (as lessor or lessee), or option with respect to real
13    property of the land bank;
14        (21) to enter into contracts with not-for-profit
15    community land trusts, including, but not limited to,
16    long-term lease contracts;
17        (22) to contract for goods and services and employ
18    personnel, as necessary, to be paid from the funds of the
19    land bank. The Board of Directors shall determine the
20    qualifications, duties, and compensation of those it
21    contracts with and employs;
22        (23) to organize and reorganize the executive,
23    administrative, clerical, and other departments of the
24    land bank and to fix the duties, powers, and compensation
25    of all employees, agents, and consultants of the land
26    bank;

 

 

HB3183- 23 -LRB102 13258 AWJ 18602 b

1        (24) to remediate environmental contamination on any
2    real property held by the land bank;
3        (25) to acquire, hold, and manage property;
4        (26) to dispose of property; and
5        (27) to do all other things necessary or convenient to
6    achieve the objectives and purposes of the land bank and
7    this Division.
 
8    (55 ILCS 5/5-45145 new)
9    Sec. 5-45145. County's governmental immunity. Nothing in
10this Division may be construed as a waiver by the County of any
11governmental immunity provided under any applicable law.
 
12    (55 ILCS 5/5-45150 new)
13    Sec. 5-45150. Discrimination.
14    (a) The land bank shall comply with all applicable laws
15prohibiting discrimination.
16    (b) The land bank shall not provide services in a manner
17that discriminates against an individual because of the actual
18or perceived status, practice, or expression of that
19individual's race, color, sex, age, religion, disability,
20national origin, ancestry, sexual orientation, marital status,
21parental status, military discharge status, source of income,
22gender identity, or housing status or the actual or perceived
23association with such an individual.
24    (c) The land bank shall not refuse to hire, recruit,

 

 

HB3183- 24 -LRB102 13258 AWJ 18602 b

1promote, demote, discharge, or otherwise discriminate against
2an individual with respect to employment, compensation or a
3term, condition, or privilege of employment because of the
4actual or perceived status, practice, or expression of that
5individual's race, color, sex, age, religion, disability,
6national origin, ancestry, sexual orientation, marital status,
7parental status, military discharge status, source of income,
8gender identity, or housing status or the actual or perceived
9association with such an individual.
 
10    (55 ILCS 5/5-45155 new)
11    Sec. 5-45155. Acquisition of property.
12    (a) The land bank may acquire real property or rights or
13interests in real property by gift, bequest, transfer,
14exchange, foreclosure, purchase, purchase contracts, lease
15purchase agreements, installment sales contracts, land
16contracts, tax sale, scavenger sale, or other method of
17acquisition on terms and conditions and in a manner the land
18bank considers proper.
19    (b) The land bank may acquire any property conveyed to it
20by any person, including, but not limited to, property without
21clear title.
22    (c) All deeds, mortgages, contracts, leases, purchases, or
23other agreements regarding real property of the land bank,
24including agreements to acquire or dispose of real property,
25shall be approved by and executed by the land bank in the name

 

 

HB3183- 25 -LRB102 13258 AWJ 18602 b

1of the County.
2    (d) The land bank may purchase property in the name of the
3County at tax sales conducted under the Property Tax Code. The
4land bank may tender a bid at a tax sale that is a credit bid
5consisting of the obligation of the land bank to satisfy the
6component parts of the bid by payments to the respective
7political subdivisions.
8    (e) The land bank may make offers to purchase real
9property that is subject to a listing agreement. The offer or
10purchase of a property by the land bank that is subject to a
11listing agreement shall not extinguish any legal rights
12existing under the listing agreement.
 
13    (55 ILCS 5/5-45160 new)
14    Sec. 5-45160. Execution of legal documents relating to
15real property. Deeds, mortgages, contracts, easements, leases,
16licenses, franchises, purchases, covenants or other agreements
17regarding real property of the land bank, including agreements
18to acquire or dispose of real property, shall be executed in
19the name of the County by the land bank and approved in
20accordance with the bylaws of the land bank.
 
21    (55 ILCS 5/5-45165 new)
22    Sec. 5-45165. Holding and managing property. The land bank
23may control, manage, maintain, operate, repair, lease as
24lessor, license, secure, prevent the waste or deterioration

 

 

HB3183- 26 -LRB102 13258 AWJ 18602 b

1of, demolish, or take all other actions necessary to preserve
2the value of the real property it controls on behalf of the
3County. The land bank shall maintain all real property held by
4the land bank in accordance with applicable laws and codes.
5Real property shall be inventoried and classified by the land
6bank according to suitability for use. The inventory shall be
7maintained as a public record and shall be filed
8electronically and in the principal office of the land bank.
 
9    (55 ILCS 5/5-45170 new)
10    Sec. 5-45170. Property disposition. On fair and reasonable
11terms and conditions and in a manner and for an amount of
12consideration the land bank considers proper (including for no
13monetary consideration, if appropriate), the land bank may
14convey, sell, transfer, exchange, or otherwise dispose of real
15property or rights or interests in real property which the
16land bank controls and the County holds a legal interest to any
17public or private person. The disposition of real property
18under this Section shall be considered a necessary public
19purpose and for the benefit of the public.
 
20    (55 ILCS 5/5-45175 new)
21    Sec. 5-45175. Criteria for conveyance. Real property shall
22be conveyed by the land bank in accordance with this Division
23and according to criteria determined in the discretion of the
24Board of Directors and contained in the policies and

 

 

HB3183- 27 -LRB102 13258 AWJ 18602 b

1procedures adopted by the Board of Directors. The Board of
2Directors may adopt policies and procedures that set forth
3priorities for a transferee's use of real property conveyed by
4the land bank, including, but not limited to, affordable
5housing.
 
6    (55 ILCS 5/5-45180 new)
7    Sec. 5-45180. Transactions.
8    (a) Transactions shall be structured in a manner that
9permits the land bank to enforce contractual agreements, real
10covenants, and the provisions of any subordinate financing
11held by the land bank pertaining to development and use of the
12real property.
13    (b) Notwithstanding any other provision of this Division,
14any transaction involving property located within a
15municipality with a population over 100,000 shall only be made
16pursuant to an agreement between that municipality and the
17land bank.
 
18    (55 ILCS 5/5-45185 new)
19    Sec. 5-45185. Disposition of proceeds. Any proceeds from
20the sale or transfer of real property by the land bank shall be
21retained, expended, or transferred by the land bank as
22determined by the Board of Directors in the best interests of
23the land bank and in accordance with applicable laws and
24agreements.
 

 

 

HB3183- 28 -LRB102 13258 AWJ 18602 b

1    (55 ILCS 5/5-45190 new)
2    Sec. 5-45190. Intergovernmental agreements.
3    (a) The Board of Directors may negotiate and propose
4intergovernmental agreements necessary, incidental, or
5convenient to the performance of its duties and the exercise
6of its powers with a unit of local government located in whole
7or in part within the County, subject to the approval of the
8County Board. An intergovernmental agreement may include, but
9is not limited to, contracts for the joint exercise of powers,
10contracts for the ownership, management, development, and
11disposition of real property, or contracts for the performance
12of services by a unit of local government on behalf of the land
13bank or by the land bank on behalf of a unit of local
14government.
15    (b) A party to an intergovernmental agreement shall agree
16that no party to an intergovernmental agreement shall be
17responsible, in whole or in part, for the acts of the
18employees, agents, and servants of any other party, whether
19acting separately or in conjunction with the implementation of
20an intergovernmental agreement. The parties shall only be
21bound and obligated under an intergovernmental agreement as
22expressly agreed to by each party.
23    (c) All intergovernmental agreements shall be interpreted,
24enforced, and governed under the laws of this State without
25regard to the doctrines of conflict of laws. The language of an

 

 

HB3183- 29 -LRB102 13258 AWJ 18602 b

1intergovernmental agreements shall in all cases be construed
2as a whole according to its plain and fair meaning and not
3construed strictly for or against any party.
 
4    (55 ILCS 5/5-45195 new)
5    Sec. 5-45195. Land bank records. The land bank shall keep
6and maintain at the principal office of the land bank all
7documents and records of the land bank. The records of the land
8bank shall be available to the public and shall include, but
9not be limited to, a copy of this Division, the land bank's
10bylaws, and any agreements and any amendments to an agreement.
11The records and documents shall be maintained and shall be
12delivered to any successor entity.
 
13    (55 ILCS 5/5-45200 new)
14    Sec. 5-45200. Financial statements and reports. The land
15bank shall annually prepare or have prepared, at the land
16bank's expense, audited financial statements, including
17balance sheet, statement of revenue and expense, statement of
18cash flows, and changes in fund balance. The financial
19statements shall be prepared in accordance with generally
20accepted accounting principles and accompanied by a written
21opinion of an independent certified public accounting firm.
 
22    (55 ILCS 5/5-45205 new)
23    Sec. 5-45205. Annual budget.

 

 

HB3183- 30 -LRB102 13258 AWJ 18602 b

1    (a) The land bank shall prepare an annual budget in a
2manner and under a time frame mandated by Peoria County's
3Chief Financial Officer.
4    (b) For the first complete fiscal year and each fiscal
5year thereafter, the Board of Directors shall recommend,
6approve, and submit an annual budget to be included in the
7County's annual budget for approval by the County Board.
8    (c) The obligations and expenditures of the Board of
9Directors shall conform to the County's annual budget. The
10County Board retains the authority to impose additional
11limitations. A commitment, contract, or other obligation
12entered into by the Board of Directors in violation of this
13Section shall be voidable by the County Board.
 
14    (55 ILCS 5/5-45210 new)
15    Sec. 5-45210. Deposits and investments.
16    (a) The land bank shall deposit funds of the land bank in a
17special fund to be held by the treasurer of the County. The
18fund shall be designated as the "Land Bank Fund" and the moneys
19in the fund shall be expended exclusively for the operation of
20the land bank.
21    (b) Expenditures of funds from the Land Bank Fund shall be
22in accordance with guidelines established by the Board of
23Directors.
 
24    (55 ILCS 5/5-45215 new)

 

 

HB3183- 31 -LRB102 13258 AWJ 18602 b

1    Sec. 5-45215. Performance objectives. Each fiscal year,
2the Director or other individual designated by the Board of
3Directors shall prepare, for review and approval by the Board
4of Directors, objectives for the land bank's performance.
 
5    (55 ILCS 5/5-45220 new)
6    Sec. 5-45220. Annual report.
7    (a) The Board of Directors shall submit a report to the
8chairman of the County Board and the County Board, no later
9than 6 months after the end of each fiscal year, which shall
10set forth a complete and detailed operating and financial
11statement of the land bank during the fiscal year.
12    (b) Included in the report shall be any recommendations
13for additional legislation or other action which may be
14necessary to carry out the mission, purpose, and intent of the
15land bank.
 
16    (55 ILCS 5/5-45225 new)
17    Sec. 5-45225. Management of funds. The Director or other
18individual designated by the Board of Directors is authorized
19to make deposits and withdraw funds from the Land Bank Fund for
20the management of sales proceeds, revenue, and other land bank
21funds as authorized by the Board of Directors. Standard
22accounting procedures shall be used in the management of
23accounts and approved by the County's treasurer.
 

 

 

HB3183- 32 -LRB102 13258 AWJ 18602 b

1    (55 ILCS 5/5-45230 new)
2    Sec. 5-45230. Authorized expenditures. The land bank
3shall, in its sole discretion and within its budget, expend
4funds as necessary to carry out the powers, duties, functions,
5and responsibilities of the land bank under this Division.
 
6    (55 ILCS 5/5-45235 new)
7    Sec. 5-45235. Distribution of assets. At a reasonable time
8prior to the repeal of this Division under Section 5-45999,
9the land bank shall wind up its affairs as follows:
10        (1) all of the land bank's debts, liabilities, and
11    obligations to its creditors and all expenses incurred in
12    connection with the termination of the land bank and
13    distribution of its assets shall be paid first; and
14        (2) the remaining real property and personal property
15    owned by the land bank, if any, shall be distributed to any
16    successor entity, subject to approval by the County. If a
17    successor entity does not exist, the remaining real
18    property, personal property, and other assets of the land
19    bank shall become assets of the County unless provided
20    otherwise in any applicable agreement.
 
21    (55 ILCS 5/5-45240 new)
22    Sec. 5-45240. Interpretation of Division. All powers
23granted to the land bank under this Division shall be
24interpreted broadly to effectuate the intent and purposes of

 

 

HB3183- 33 -LRB102 13258 AWJ 18602 b

1this Division and not to serve as a limitation of powers.
 
2    (55 ILCS 5/5-45245 new)
3    Sec. 5-45245. Report to General Assembly. On or before
4January 1, 2023, and each January 1 thereafter, the Board of
5Directors shall file a report with the General Assembly as
6provided in Section 3.1 of the General Assembly Organization
7Act on the Authority's effectiveness in meeting the
8Authority's purposes.
 
9    (55 ILCS 5/5-45998 new)
10    Sec. 5-45998. Severability. The provisions of this Act are
11severable under Section 1.31 of the Statute on Statutes.
 
12    (55 ILCS 5/5-45999 new)
13    Sec. 5-45999. Repeal. This Division is repealed on January
141, 2025.

 

 

HB3183- 34 -LRB102 13258 AWJ 18602 b

1 INDEX
2 Statutes amended in order of appearance
3    55 ILCS 5/Div. 5-45
4    heading new
5    55 ILCS 5/5-45005 new
6    55 ILCS 5/5-45010 new
7    55 ILCS 5/5-45015 new
8    55 ILCS 5/5-45020 new
9    55 ILCS 5/5-45025 new
10    55 ILCS 5/5-45030 new
11    55 ILCS 5/5-45035 new
12    55 ILCS 5/5-45040 new
13    55 ILCS 5/5-45045 new
14    55 ILCS 5/5-45050 new
15    55 ILCS 5/5-45055 new
16    55 ILCS 5/5-45060 new
17    55 ILCS 5/5-45065 new
18    55 ILCS 5/5-45070 new
19    55 ILCS 5/5-45075 new
20    55 ILCS 5/5-45080 new
21    55 ILCS 5/5-45085 new
22    55 ILCS 5/5-45090 new
23    55 ILCS 5/5-45095 new
24    55 ILCS 5/5-45100 new
25    55 ILCS 5/5-45105 new

 

 

HB3183- 35 -LRB102 13258 AWJ 18602 b

1    55 ILCS 5/5-45110 new
2    55 ILCS 5/5-45115 new
3    55 ILCS 5/5-45120 new
4    55 ILCS 5/5-45125 new
5    55 ILCS 5/5-45130 new
6    55 ILCS 5/5-45135 new
7    55 ILCS 5/5-45140 new
8    55 ILCS 5/5-45145 new
9    55 ILCS 5/5-45150 new
10    55 ILCS 5/5-45155 new
11    55 ILCS 5/5-45160 new
12    55 ILCS 5/5-45165 new
13    55 ILCS 5/5-45170 new
14    55 ILCS 5/5-45175 new
15    55 ILCS 5/5-45180 new
16    55 ILCS 5/5-45185 new
17    55 ILCS 5/5-45190 new
18    55 ILCS 5/5-45195 new
19    55 ILCS 5/5-45200 new
20    55 ILCS 5/5-45205 new
21    55 ILCS 5/5-45210 new
22    55 ILCS 5/5-45215 new
23    55 ILCS 5/5-45220 new
24    55 ILCS 5/5-45225 new
25    55 ILCS 5/5-45230 new
26    55 ILCS 5/5-45235 new

 

 

HB3183- 36 -LRB102 13258 AWJ 18602 b

1    55 ILCS 5/5-45240 new
2    55 ILCS 5/5-45245 new
3    55 ILCS 5/5-45998 new
4    55 ILCS 5/5-45999 new