Sen. Don Harmon
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AMENDMENT TO HOUSE BILL 5495
AMENDMENT NO. ______. Amend House Bill 5495, AS AMENDED,
with reference to page and line numbers of Senate Amendment No.
2, on page 33, by replacing lines 1 through 9 with the
"camping and hunting.
On and after January 1, 2013, no
redevelopment plan may be approved that allocates more than 40%
of the estimated redevelopment project costs to residential
developments, and no redevelopment plan shall be amended to
exceed that 40% limitation. The limitations on the allocation
of estimated redevelopment project costs to residential
developments imposed by this amendatory Act of the 97th General
Assembly do not apply to residential development projects that:
(i) include affordable housing for low-income and very
low-income households, as defined by the Illinois Affordable
Housing Act; (ii) are located in a municipality with a
population of less than 25,000 inhabitants; or (iii) are
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subject to a contract between the municipality and a developer
in existence prior to the effective date of this amendatory Act
of the 97th General Assembly.
Each redevelopment plan".