Bill Text: IL HB5117 | 2021-2022 | 102nd General Assembly | Introduced
Bill Title: Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Extends the estimated date of completion of a redevelopment project and the retirement of obligations issued to finance redevelopment project costs for an ordinance adopted on August 22, 2011 by the Village of Warren. Effective immediately.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2022-02-18 - Rule 19(a) / Re-referred to Rules Committee [HB5117 Detail]
Download: Illinois-2021-HB5117-Introduced.html
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1 | AN ACT concerning local government.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Illinois Municipal Code is amended by | |||||||||||||||||||
5 | changing Section 11-74.4-3.5 as follows:
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6 | (65 ILCS 5/11-74.4-3.5)
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7 | Sec. 11-74.4-3.5. Completion dates for redevelopment | |||||||||||||||||||
8 | projects. | |||||||||||||||||||
9 | (a) Unless otherwise stated in this Section, the estimated | |||||||||||||||||||
10 | dates of completion
of the redevelopment project and | |||||||||||||||||||
11 | retirement of obligations issued to finance
redevelopment | |||||||||||||||||||
12 | project costs (including refunding bonds under Section | |||||||||||||||||||
13 | 11-74.4-7) may not be
later than December 31 of the year in | |||||||||||||||||||
14 | which the payment to the municipal
treasurer, as provided in | |||||||||||||||||||
15 | subsection (b) of Section 11-74.4-8 of this Act, is to
be made | |||||||||||||||||||
16 | with respect to ad valorem taxes levied in the 23rd
calendar | |||||||||||||||||||
17 | year after the year in which the ordinance approving the
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18 | redevelopment project area was adopted if the ordinance was | |||||||||||||||||||
19 | adopted on or after
January 15, 1981. | |||||||||||||||||||
20 | (a-5) If the redevelopment project area is located within | |||||||||||||||||||
21 | a transit facility improvement area established pursuant to | |||||||||||||||||||
22 | Section 11-74.4-3, the estimated dates of completion of the | |||||||||||||||||||
23 | redevelopment project and retirement of obligations issued to |
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1 | finance redevelopment project costs (including refunding bonds | ||||||
2 | under Section 11-74.4-7) may not be later than December 31 of | ||||||
3 | the year in which the payment to the municipal treasurer, as | ||||||
4 | provided in subsection (b) of Section 11-74.4-8 of this Act, | ||||||
5 | is to be made with respect to ad valorem taxes levied in the | ||||||
6 | 35th calendar year after the year in which the ordinance | ||||||
7 | approving the redevelopment project area was adopted. | ||||||
8 | (a-7) A municipality may adopt tax increment financing for | ||||||
9 | a redevelopment project area located in a transit facility | ||||||
10 | improvement area that also includes real property located | ||||||
11 | within an existing redevelopment project area established | ||||||
12 | prior to August 12, 2016 (the effective date of Public Act | ||||||
13 | 99-792). In such case: (i) the provisions of this Division | ||||||
14 | shall apply with respect to the previously established | ||||||
15 | redevelopment project area until the municipality adopts, as | ||||||
16 | required in accordance with applicable provisions of this | ||||||
17 | Division, an ordinance dissolving the special tax allocation | ||||||
18 | fund for such redevelopment project area and terminating the | ||||||
19 | designation of such redevelopment project area as a | ||||||
20 | redevelopment project area; and (ii) after the effective date | ||||||
21 | of the ordinance described in (i), the provisions of this | ||||||
22 | Division shall apply with respect to the subsequently | ||||||
23 | established redevelopment project area located in a transit | ||||||
24 | facility improvement area. | ||||||
25 | (b) The estimated dates of completion of the redevelopment | ||||||
26 | project and retirement of obligations issued to finance |
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1 | redevelopment project costs (including refunding bonds under | ||||||
2 | Section 11-74.4-7) may not be later than December 31 of the | ||||||
3 | year in which the payment to the municipal treasurer as | ||||||
4 | provided in subsection (b) of Section 11-74.4-8 of this Act is | ||||||
5 | to be made with respect to ad valorem taxes levied in the 32nd | ||||||
6 | calendar year after the year in which the ordinance approving | ||||||
7 | the redevelopment project area was adopted if the ordinance | ||||||
8 | was adopted on September 9, 1999 by the Village of Downs. | ||||||
9 | The estimated dates of completion
of the redevelopment | ||||||
10 | project and retirement of obligations issued to finance
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11 | redevelopment project costs (including refunding bonds under | ||||||
12 | Section 11-74.4-7) may not be later than December 31 of the | ||||||
13 | year in which the payment to the municipal
treasurer as | ||||||
14 | provided in subsection (b) of Section 11-74.4-8 of this Act is | ||||||
15 | to
be made with respect to ad valorem taxes levied in the 33rd | ||||||
16 | calendar
year after the year in which the ordinance approving | ||||||
17 | the
redevelopment project area was adopted if the ordinance | ||||||
18 | was adopted on May 20, 1985 by the Village of Wheeling. | ||||||
19 | The estimated dates of completion of the redevelopment | ||||||
20 | project and retirement of obligations issued to finance | ||||||
21 | redevelopment project costs (including refunding bonds under | ||||||
22 | Section 11-74.4-7) may not be later than December 31 of the | ||||||
23 | year in which the payment to the municipal treasurer as | ||||||
24 | provided in subsection (b) of Section 11-74.4-8 of this Act is | ||||||
25 | to be made with respect to ad valorem taxes levied in the 28th | ||||||
26 | calendar year after the year in which the ordinance approving |
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1 | the redevelopment project area was adopted if the ordinance | ||||||
2 | was adopted on October 12, 1989 by the City of Lawrenceville. | ||||||
3 | (c) The estimated dates of completion
of the redevelopment | ||||||
4 | project and retirement of obligations issued to finance
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5 | redevelopment project costs (including refunding bonds under | ||||||
6 | Section 11-74.4-7) may not be later than December 31 of the | ||||||
7 | year in which the payment to the municipal
treasurer as | ||||||
8 | provided in subsection (b) of Section 11-74.4-8 of this Act is | ||||||
9 | to
be made with respect to ad valorem taxes levied in the 35th | ||||||
10 | calendar
year after the year in which the ordinance approving | ||||||
11 | the
redevelopment project area was adopted: | ||||||
12 | (1) If the ordinance was adopted before January 15, | ||||||
13 | 1981. | ||||||
14 | (2) If the ordinance was adopted in December 1983, | ||||||
15 | April 1984, July 1985,
or December 1989. | ||||||
16 | (3) If the ordinance was adopted in December 1987 and | ||||||
17 | the redevelopment
project is located within one mile of | ||||||
18 | Midway Airport. | ||||||
19 | (4) If the ordinance was adopted before January 1, | ||||||
20 | 1987 by a municipality in
Mason County. | ||||||
21 | (5) If the municipality is subject to the Local | ||||||
22 | Government Financial Planning
and Supervision Act or the | ||||||
23 | Financially Distressed City Law. | ||||||
24 | (6) If the ordinance was adopted in December 1984 by | ||||||
25 | the Village of Rosemont. | ||||||
26 | (7) If the ordinance was adopted on December 31, 1986 |
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1 | by a municipality
located in Clinton County for which at | ||||||
2 | least $250,000 of tax increment
bonds were authorized on | ||||||
3 | June 17, 1997, or if the ordinance was adopted on
December | ||||||
4 | 31, 1986 by a municipality with a population in 1990 of | ||||||
5 | less than
3,600 that is located in a county with a | ||||||
6 | population in 1990 of less than
34,000 and for which at | ||||||
7 | least $250,000 of tax increment bonds were authorized
on | ||||||
8 | June 17, 1997. | ||||||
9 | (8) If the ordinance was adopted on October 5, 1982 by | ||||||
10 | the City of Kankakee, or if the ordinance was adopted on | ||||||
11 | December 29, 1986 by East St. Louis. | ||||||
12 | (9) If
the ordinance was adopted on November 12, 1991 | ||||||
13 | by the Village of Sauget. | ||||||
14 | (10) If the ordinance was
adopted on February 11, 1985 | ||||||
15 | by the City of Rock Island. | ||||||
16 | (11) If the ordinance was adopted before December 18, | ||||||
17 | 1986 by the City of
Moline. | ||||||
18 | (12) If the ordinance was adopted in September 1988 by | ||||||
19 | Sauk Village. | ||||||
20 | (13) If the ordinance was adopted in October 1993 by | ||||||
21 | Sauk Village. | ||||||
22 | (14) If the ordinance was adopted on December 29, 1986 | ||||||
23 | by the City of Galva. | ||||||
24 | (15) If the ordinance was adopted in March 1991 by the | ||||||
25 | City of Centreville. | ||||||
26 | (16) If the ordinance was adopted on January 23, 1991
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1 | by the City of East St. Louis. | ||||||
2 | (17) If the ordinance was adopted on December 22, 1986 | ||||||
3 | by the City of Aledo. | ||||||
4 | (18) If the ordinance was adopted on February 5, 1990 | ||||||
5 | by the City of Clinton. | ||||||
6 | (19) If the ordinance was adopted on September 6, 1994 | ||||||
7 | by the City of Freeport. | ||||||
8 | (20) If the ordinance was adopted on December 22, 1986 | ||||||
9 | by the City of Tuscola. | ||||||
10 | (21) If the ordinance was adopted on December 23, 1986 | ||||||
11 | by the City of Sparta. | ||||||
12 | (22) If the ordinance was adopted on December 23, 1986 | ||||||
13 | by the City of
Beardstown. | ||||||
14 | (23) If the ordinance was adopted on April 27, 1981, | ||||||
15 | October 21, 1985, or
December 30, 1986 by the City of | ||||||
16 | Belleville. | ||||||
17 | (24) If the ordinance was adopted on December 29, 1986 | ||||||
18 | by the City of
Collinsville. | ||||||
19 | (25) If the ordinance was adopted on September 14, | ||||||
20 | 1994 by the
City of Alton. | ||||||
21 | (26) If the ordinance was adopted on November 11, 1996 | ||||||
22 | by the
City of Lexington. | ||||||
23 | (27) If the ordinance was adopted on November 5, 1984 | ||||||
24 | by
the City of LeRoy. | ||||||
25 | (28) If the ordinance was adopted on April 3, 1991 or
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26 | June 3, 1992 by the City of Markham. |
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1 | (29) If the ordinance was adopted on November 11, 1986 | ||||||
2 | by the City of Pekin. | ||||||
3 | (30) If the ordinance was adopted on December 15, 1981 | ||||||
4 | by the City of Champaign. | ||||||
5 | (31) If the ordinance was adopted on December 15, 1986 | ||||||
6 | by the City of Urbana. | ||||||
7 | (32) If the ordinance was adopted on December 15, 1986 | ||||||
8 | by the Village of Heyworth. | ||||||
9 | (33) If the ordinance was adopted on February 24, 1992 | ||||||
10 | by the Village of Heyworth. | ||||||
11 | (34) If the ordinance was adopted on March 16, 1995 by | ||||||
12 | the Village of Heyworth. | ||||||
13 | (35) If the ordinance was adopted on December 23, 1986 | ||||||
14 | by the Town of Cicero. | ||||||
15 | (36) If the ordinance was adopted on December 30, 1986 | ||||||
16 | by the City of Effingham. | ||||||
17 | (37) If the ordinance was adopted on May 9, 1991 by the | ||||||
18 | Village of
Tilton. | ||||||
19 | (38) If the ordinance was adopted on October 20, 1986 | ||||||
20 | by the City of Elmhurst. | ||||||
21 | (39) If the ordinance was adopted on January 19, 1988 | ||||||
22 | by the City of
Waukegan. | ||||||
23 | (40) If the ordinance was adopted on September 21, | ||||||
24 | 1998 by the City of
Waukegan. | ||||||
25 | (41) If the ordinance was adopted on December 31, 1986 | ||||||
26 | by the City of Sullivan. |
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1 | (42) If the ordinance was adopted on December 23, 1991 | ||||||
2 | by the City of Sullivan. | ||||||
3 | (43) If the ordinance was adopted on December 31, 1986 | ||||||
4 | by the City of Oglesby. | ||||||
5 | (44) If the ordinance was adopted on July 28, 1987 by | ||||||
6 | the City of Marion. | ||||||
7 | (45) If the ordinance was adopted on April 23, 1990 by | ||||||
8 | the City of Marion. | ||||||
9 | (46) If the ordinance was adopted on August 20, 1985 | ||||||
10 | by the Village of Mount Prospect. | ||||||
11 | (47) If the ordinance was adopted on February 2, 1998 | ||||||
12 | by the Village of Woodhull. | ||||||
13 | (48) If the ordinance was adopted on April 20, 1993 by | ||||||
14 | the Village of Princeville. | ||||||
15 | (49) If the ordinance was adopted on July 1, 1986 by | ||||||
16 | the City of Granite City. | ||||||
17 | (50) If the ordinance was adopted on February 2, 1989 | ||||||
18 | by the Village of Lombard. | ||||||
19 | (51) If the ordinance was adopted on December 29, 1986 | ||||||
20 | by the Village of Gardner. | ||||||
21 | (52) If the ordinance was adopted on July 14, 1999 by | ||||||
22 | the Village of Paw Paw. | ||||||
23 | (53) If the ordinance was adopted on November 17, 1986 | ||||||
24 | by the Village of Franklin Park. | ||||||
25 | (54) If the ordinance was adopted on November 20, 1989 | ||||||
26 | by the Village of South Holland. |
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1 | (55) If the ordinance was adopted on July 14, 1992 by | ||||||
2 | the Village of Riverdale. | ||||||
3 | (56) If the ordinance was adopted on December 29, 1986 | ||||||
4 | by the City of Galesburg. | ||||||
5 | (57) If the ordinance was adopted on April 1, 1985 by | ||||||
6 | the City of Galesburg. | ||||||
7 | (58) If the ordinance was adopted on May 21, 1990 by | ||||||
8 | the City of West Chicago. | ||||||
9 | (59) If the ordinance was adopted on December 16, 1986 | ||||||
10 | by the City of Oak Forest. | ||||||
11 | (60) If the ordinance was adopted in 1999 by the City | ||||||
12 | of Villa Grove. | ||||||
13 | (61) If the ordinance was adopted on January 13, 1987 | ||||||
14 | by the Village of Mt. Zion. | ||||||
15 | (62) If the ordinance was adopted on December 30, 1986 | ||||||
16 | by the Village of Manteno. | ||||||
17 | (63) If the ordinance was adopted on April 3, 1989 by | ||||||
18 | the City of Chicago Heights. | ||||||
19 | (64) If the ordinance was adopted on January 6, 1999 | ||||||
20 | by the Village of Rosemont. | ||||||
21 | (65) If the ordinance was adopted on December 19, 2000 | ||||||
22 | by the Village of Stone Park. | ||||||
23 | (66) If the ordinance was adopted on December 22, 1986 | ||||||
24 | by the City of DeKalb. | ||||||
25 | (67) If the ordinance was adopted on December 2, 1986 | ||||||
26 | by the City of Aurora.
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1 | (68) If the ordinance was adopted on December 31, 1986 | ||||||
2 | by the Village of Milan. | ||||||
3 | (69) If the ordinance was adopted on September 8, 1994 | ||||||
4 | by the City of West Frankfort. | ||||||
5 | (70) If the ordinance was adopted on December 23, 1986 | ||||||
6 | by the Village of Libertyville. | ||||||
7 | (71) If the ordinance was adopted on December 22, 1986 | ||||||
8 | by the Village of Hoffman Estates.
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9 | (72) If the ordinance was adopted on September 17, | ||||||
10 | 1986 by the Village of Sherman.
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11 | (73) If the ordinance was adopted on December 16, 1986 | ||||||
12 | by the City of Macomb. | ||||||
13 | (74) If the ordinance was adopted on June 11, 2002 by | ||||||
14 | the City of East Peoria to create the West Washington | ||||||
15 | Street TIF. | ||||||
16 | (75) If the ordinance was adopted on June 11, 2002 by | ||||||
17 | the City of East Peoria to create the Camp Street TIF.
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18 | (76) If the ordinance was adopted on August 7, 2000 by | ||||||
19 | the City of Des Plaines. | ||||||
20 | (77) If the ordinance was adopted on December 22, 1986 | ||||||
21 | by the City of Washington to create the Washington Square | ||||||
22 | TIF #2. | ||||||
23 | (78) If the ordinance was adopted on December 29, 1986 | ||||||
24 | by the City of Morris.
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25 | (79) If the ordinance was adopted on July 6, 1998 by | ||||||
26 | the Village of Steeleville. |
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1 | (80) If the ordinance was adopted on December 29, 1986 | ||||||
2 | by the City of Pontiac to create TIF I (the Main St TIF). | ||||||
3 | (81) If the ordinance was adopted on December 29, 1986 | ||||||
4 | by the City of Pontiac to create TIF II (the Interstate | ||||||
5 | TIF). | ||||||
6 | (82) If the ordinance was adopted on November 6, 2002 | ||||||
7 | by the City of Chicago to create the Madden/Wells TIF | ||||||
8 | District. | ||||||
9 | (83) If the ordinance was adopted on November 4, 1998 | ||||||
10 | by the City of Chicago to create the Roosevelt/Racine TIF | ||||||
11 | District. | ||||||
12 | (84) If the ordinance was adopted on June 10, 1998 by | ||||||
13 | the City of Chicago to create the Stony Island | ||||||
14 | Commercial/Burnside Industrial Corridors TIF District. | ||||||
15 | (85) If the ordinance was adopted on November 29, 1989 | ||||||
16 | by the City of Chicago to create the Englewood Mall TIF | ||||||
17 | District. | ||||||
18 | (86) If the ordinance was adopted on December 27, 1986 | ||||||
19 | by the City of Mendota. | ||||||
20 | (87) If the ordinance was adopted on December 31, 1986 | ||||||
21 | by the Village of Cahokia. | ||||||
22 | (88) If the ordinance was adopted on September 20, | ||||||
23 | 1999 by the City of Belleville. | ||||||
24 | (89) If the ordinance was adopted on December 30, 1986 | ||||||
25 | by the Village of Bellevue to create the Bellevue TIF | ||||||
26 | District 1. |
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1 | (90) If the ordinance was adopted on December 13, 1993 | ||||||
2 | by the Village of Crete. | ||||||
3 | (91) If the ordinance was adopted on February 12, 2001 | ||||||
4 | by the Village of Crete. | ||||||
5 | (92) If the ordinance was adopted on April 23, 2001 by | ||||||
6 | the Village of Crete. | ||||||
7 | (93) If the ordinance was adopted on December 16, 1986 | ||||||
8 | by the City of Champaign. | ||||||
9 | (94) If the ordinance was adopted on December 20, 1986 | ||||||
10 | by the City of Charleston. | ||||||
11 | (95) If the ordinance was adopted on June 6, 1989 by | ||||||
12 | the Village of Romeoville. | ||||||
13 | (96) If the ordinance was adopted on October 14, 1993 | ||||||
14 | and amended on August 2, 2010 by the City of Venice. | ||||||
15 | (97) If the ordinance was adopted on June 1, 1994 by | ||||||
16 | the City of Markham. | ||||||
17 | (98) If the ordinance was adopted on May 19, 1998 by | ||||||
18 | the Village of Bensenville. | ||||||
19 | (99) If the ordinance was adopted on November 12, 1987 | ||||||
20 | by the City of Dixon. | ||||||
21 | (100) If the ordinance was adopted on December 20, | ||||||
22 | 1988 by the Village of Lansing. | ||||||
23 | (101) If the ordinance was adopted on October 27, 1998 | ||||||
24 | by the City of Moline. | ||||||
25 | (102) If the ordinance was adopted on May 21, 1991 by | ||||||
26 | the Village of Glenwood. |
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1 | (103) If the ordinance was adopted on January 28, 1992 | ||||||
2 | by the City of East Peoria. | ||||||
3 | (104) If the ordinance was adopted on December 14, | ||||||
4 | 1998 by the City of Carlyle. | ||||||
5 | (105) If the ordinance was adopted on May 17, 2000, as | ||||||
6 | subsequently amended, by the City of Chicago to create the | ||||||
7 | Midwest Redevelopment TIF District. | ||||||
8 | (106) If the ordinance was adopted on September 13, | ||||||
9 | 1989 by the City of Chicago to create the Michigan/Cermak | ||||||
10 | Area TIF District. | ||||||
11 | (107) If the ordinance was adopted on March 30, 1992 | ||||||
12 | by the Village of Ohio. | ||||||
13 | (108) If the ordinance was adopted on July 6, 1998 by | ||||||
14 | the Village of Orangeville. | ||||||
15 | (109) If the ordinance was adopted on December 16, | ||||||
16 | 1997 by the Village of Germantown. | ||||||
17 | (110) If the ordinance was adopted on April 28, 2003 | ||||||
18 | by Gibson City. | ||||||
19 | (111) If the ordinance was adopted on December 18, | ||||||
20 | 1990 by the Village of Washington Park, but only after the | ||||||
21 | Village of Washington Park becomes compliant with the | ||||||
22 | reporting requirements under subsection (d) of Section | ||||||
23 | 11-74.4-5, and after the State Comptroller's certification | ||||||
24 | of such compliance. | ||||||
25 | (112) If the ordinance was adopted on February 28, | ||||||
26 | 2000 by the City of Harvey. |
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1 | (113) If the ordinance was adopted on January 11, 1991 | ||||||
2 | by the City of Chicago to create the Read/Dunning TIF | ||||||
3 | District. | ||||||
4 | (114) If the ordinance was adopted on July 24, 1991 by | ||||||
5 | the City of Chicago to create the Sanitary and Ship Canal | ||||||
6 | TIF District. | ||||||
7 | (115) If the ordinance was adopted on December 4, 2007 | ||||||
8 | by the City of Naperville. | ||||||
9 | (116) If the ordinance was adopted on July 1, 2002 by | ||||||
10 | the Village of Arlington Heights. | ||||||
11 | (117) If the ordinance was adopted on February 11, | ||||||
12 | 1991 by the Village of Machesney Park. | ||||||
13 | (118) If the ordinance was adopted on December 29, | ||||||
14 | 1993 by the City of Ottawa. | ||||||
15 | (119) If the ordinance was adopted on June 4, 1991 by | ||||||
16 | the Village of Lansing. | ||||||
17 | (120) If the ordinance was adopted on February 10, | ||||||
18 | 2004 by the Village of Fox Lake. | ||||||
19 | (121) If the ordinance was adopted on December 22, | ||||||
20 | 1992 by the City of Fairfield. | ||||||
21 | (122) If the ordinance was adopted on February 10, | ||||||
22 | 1992 by the City of Mt. Sterling. | ||||||
23 | (123) If the ordinance was adopted on March 15, 2004 | ||||||
24 | by the City of Batavia. | ||||||
25 | (124) If the ordinance was adopted on March 18, 2002 | ||||||
26 | by the Village of Lake Zurich. |
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1 | (125) If the ordinance was adopted on September 23, | ||||||
2 | 1997 by the City of Granite City. | ||||||
3 | (126) If the ordinance was adopted on May 8, 2013 by | ||||||
4 | the Village of Rosemont to create the Higgins Road/River | ||||||
5 | Road TIF District No. 6. | ||||||
6 | (127) If the ordinance was adopted on November 22, | ||||||
7 | 1993 by the City of Arcola. | ||||||
8 | (128) If the ordinance was adopted on September 7, | ||||||
9 | 2004 by the City of Arcola. | ||||||
10 | (129) If the ordinance was adopted on November 29, | ||||||
11 | 1999 by the City of Paris. | ||||||
12 | (130) If the ordinance was adopted on September 20, | ||||||
13 | 1994 by the City of Ottawa to create the U.S. Route 6 East | ||||||
14 | Ottawa TIF. | ||||||
15 | (131) If the ordinance was adopted on May 2, 2002 by | ||||||
16 | the Village of Crestwood. | ||||||
17 | (132) If the ordinance was adopted on October 27, 1992 | ||||||
18 | by the City of Blue Island. | ||||||
19 | (133) If the ordinance was adopted on December 23, | ||||||
20 | 1993 by the City of Lacon. | ||||||
21 | (134) If the ordinance was adopted on May 4, 1998 by | ||||||
22 | the Village of Bradford. | ||||||
23 | (135) If the ordinance was adopted on June 11, 2002 by | ||||||
24 | the City of Oak Forest. | ||||||
25 | (136) If the ordinance was adopted on November 16, | ||||||
26 | 1992 by the City of Pinckneyville. |
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1 | (137) If the ordinance was adopted on March 1, 2001 by | ||||||
2 | the Village of South Jacksonville. | ||||||
3 | (138) If the ordinance was adopted on February 26, | ||||||
4 | 1992 by the City of Chicago to create the Stockyards | ||||||
5 | Southeast Quadrant TIF District. | ||||||
6 | (139) If the ordinance was adopted on January 25, 1993 | ||||||
7 | by the City of LaSalle. | ||||||
8 | (140) If the ordinance was adopted on December 23, | ||||||
9 | 1997 by the Village of Dieterich. | ||||||
10 | (141) If the ordinance was adopted on February 10, | ||||||
11 | 2016 by the Village of Rosemont to create the | ||||||
12 | Balmoral/Pearl TIF No. 8 Tax Increment Financing | ||||||
13 | Redevelopment Project Area. | ||||||
14 | (142) If the ordinance was adopted on June 11, 2002 by | ||||||
15 | the City of Oak Forest. | ||||||
16 | (143) If the ordinance was adopted on January 31, 1995 | ||||||
17 | by the Village of Milledgeville. | ||||||
18 | (144) If the ordinance was adopted on February 5, 1996 | ||||||
19 | by the Village of Pearl City. | ||||||
20 | (145) If the ordinance was adopted on December 21, | ||||||
21 | 1994 by the City of Calumet City. | ||||||
22 | (146) If the ordinance was adopted on May 5, 2003 by | ||||||
23 | the Town of Normal. | ||||||
24 | (147) If the ordinance was adopted on June 2, 1998 by | ||||||
25 | the City of Litchfield. | ||||||
26 | (148) If the ordinance was adopted on October 23, 1995 |
| |||||||
| |||||||
1 | by the City of Marion. | ||||||
2 | (149) If the ordinance was adopted on May 24, 2001 by | ||||||
3 | the Village of Hanover Park. | ||||||
4 | (150) If the ordinance was adopted on May 30, 1995 by | ||||||
5 | the Village of Dalzell. | ||||||
6 | (151) If the ordinance was adopted on April 15, 1997 | ||||||
7 | by the City of Edwardsville. | ||||||
8 | (152) If the ordinance was adopted on September 5, | ||||||
9 | 1995 by the City of Granite City. | ||||||
10 | (153) If the ordinance was adopted on June 21, 1999 by | ||||||
11 | the Village of Table Grove. | ||||||
12 | (154) If the ordinance was adopted on February 23, | ||||||
13 | 1995 by the City of Springfield. | ||||||
14 | (155) If the ordinance was adopted on August 11, 1999 | ||||||
15 | by the City of Monmouth. | ||||||
16 | (156) If the ordinance was adopted on December 26, | ||||||
17 | 1995 by the Village of Posen. | ||||||
18 | (157) If the ordinance was adopted on July 1, 1995 by | ||||||
19 | the Village of Caseyville. | ||||||
20 | (158) If the ordinance was adopted on January 30, 1996 | ||||||
21 | by the City of Madison. | ||||||
22 | (159) If the ordinance was adopted on February 2, 1996 | ||||||
23 | by the Village of Hartford. | ||||||
24 | (160) If the ordinance was adopted on July 2, 1996 by | ||||||
25 | the Village of Manlius. | ||||||
26 | (161) If the ordinance was adopted on March 21, 2000 |
| |||||||
| |||||||
1 | by the City of Hoopeston. | ||||||
2 | (162) If the ordinance was adopted on March 22, 2005 | ||||||
3 | by the City of Hoopeston. | ||||||
4 | (163) If the ordinance was adopted on July 10, 1996 by | ||||||
5 | the City of Chicago to create the Goose Island TIF | ||||||
6 | District. | ||||||
7 | (164) If the ordinance was adopted on December 11, | ||||||
8 | 1996 by the City of Chicago to create the Bryn | ||||||
9 | Mawr/Broadway TIF District. | ||||||
10 | (165) If the ordinance was adopted on December 31, | ||||||
11 | 1995 by the City of Chicago to create the 95th/Western TIF | ||||||
12 | District. | ||||||
13 | (166) If the ordinance was adopted on October 7, 1998 | ||||||
14 | by the City of Chicago to create the 71st and Stony Island | ||||||
15 | TIF District. | ||||||
16 | (167) If the ordinance was adopted on April 19, 1995 | ||||||
17 | by the Village of North Utica. | ||||||
18 | (168) If the ordinance was adopted on April 22, 1996 | ||||||
19 | by the City of LaSalle. | ||||||
20 | (169) If the ordinance was adopted on June 9, 2008 by | ||||||
21 | the City of Country Club Hills. | ||||||
22 | (170) If the ordinance was adopted on July 3, 1996 by | ||||||
23 | the Village of Phoenix. | ||||||
24 | (171) If the ordinance was adopted on May 19, 1997 by | ||||||
25 | the Village of Swansea. | ||||||
26 | (172) If the ordinance was adopted on August 13, 2001 |
| |||||||
| |||||||
1 | by the Village of Saunemin. | ||||||
2 | (173) If the ordinance was adopted on January 10, 2005 | ||||||
3 | by the Village of Romeoville. | ||||||
4 | (174) If the ordinance was adopted on January 28, 1997 | ||||||
5 | by the City of Berwyn for the South Berwyn Corridor Tax | ||||||
6 | Increment Financing District. | ||||||
7 | (175) If the ordinance was adopted on January 28, 1997 | ||||||
8 | by the City of Berwyn for the Roosevelt Road Tax Increment | ||||||
9 | Financing District. | ||||||
10 | (176) If the ordinance was adopted on May 3, 2001 by | ||||||
11 | the Village of Hanover Park for the Village Center Tax | ||||||
12 | Increment Financing Redevelopment Project Area (TIF # 3). | ||||||
13 | (177) If the ordinance was adopted on January 1, 1996 | ||||||
14 | by the City of Savanna. | ||||||
15 | (178) If the ordinance was adopted on January 28, 2002 | ||||||
16 | by the Village of Okawville. | ||||||
17 | (179) If the ordinance was adopted on October 4, 1999 | ||||||
18 | by the City of Vandalia. | ||||||
19 | (180) If the ordinance was adopted on June 16, 2003 by | ||||||
20 | the City of Rushville. | ||||||
21 | (181) If the ordinance was adopted on December 7, 1998 | ||||||
22 | by the City of Quincy for the Central Business District | ||||||
23 | West Tax Increment Redevelopment Project Area. | ||||||
24 | (182) If the ordinance was adopted on March 27, 1997 | ||||||
25 | by the Village of Maywood approving the Roosevelt Road TIF | ||||||
26 | District. |
| |||||||
| |||||||
1 | (183) If the ordinance was adopted on March 27, 1997 | ||||||
2 | by the Village of Maywood approving the Madison | ||||||
3 | Street/Fifth Avenue TIF District. | ||||||
4 | (184) If the ordinance was adopted on November 10, | ||||||
5 | 1997 by the Village of Park Forest. | ||||||
6 | (185) If the ordinance was adopted on July 30, 1997 by | ||||||
7 | the City of Chicago to create the Near North TIF district. | ||||||
8 | (186) If the ordinance was adopted on December 1, 2000 | ||||||
9 | by the Village of Mahomet. | ||||||
10 | (187) If the ordinance was adopted on June 16, 1999 by | ||||||
11 | the Village of Washburn. | ||||||
12 | (188) If the ordinance was adopted on August 19, 1998 | ||||||
13 | by the Village of New Berlin. | ||||||
14 | (189) If the ordinance was adopted on February 5, 2002 | ||||||
15 | by the City of Highwood. | ||||||
16 | (190) If the ordinance was adopted on June 1, 1997 by | ||||||
17 | the City of Flora. | ||||||
18 | (191) If the ordinance was adopted on August 17, 1999 | ||||||
19 | by the City of Ottawa. | ||||||
20 | (192) If the ordinance was adopted on June 13, 2005 by | ||||||
21 | the City of Mount Carroll. | ||||||
22 | (193) If the ordinance was adopted on March 25, 2008 | ||||||
23 | by the Village of Elizabeth. | ||||||
24 | (194) If the ordinance was adopted on February 22, | ||||||
25 | 2000 by the City of Mount Pulaski. | ||||||
26 | (195) If the ordinance was adopted on November 21, |
| |||||||
| |||||||
1 | 2000 by the City of Effingham. | ||||||
2 | (196) If the ordinance was adopted on January 28, 2003 | ||||||
3 | by the City of Effingham. | ||||||
4 | (197) If the ordinance was adopted on February 4, 2008 | ||||||
5 | by the City of Polo. | ||||||
6 | (198) If the ordinance was adopted on August 17, 2005 | ||||||
7 | by the Village of Bellwood to create the Park Place TIF. | ||||||
8 | (199) If the ordinance was adopted on July 16, 2014 by | ||||||
9 | the Village of Bellwood to create the North-2014 TIF. | ||||||
10 | (200) If the ordinance was adopted on July 16, 2014 by | ||||||
11 | the Village of Bellwood to create the South-2014 TIF. | ||||||
12 | (201) If the ordinance was adopted on July 16, 2014 by | ||||||
13 | the Village of Bellwood to create the Central Metro-2014 | ||||||
14 | TIF. | ||||||
15 | (202) If the ordinance was adopted on September 17, | ||||||
16 | 2014 by the Village of Bellwood to create the Addison | ||||||
17 | Creek "A" (Southwest)-2014 TIF. | ||||||
18 | (203) If the ordinance was adopted on September 17, | ||||||
19 | 2014 by the Village of Bellwood to create the Addison | ||||||
20 | Creek "B" (Northwest)-2014 TIF. | ||||||
21 | (204) If the ordinance was adopted on September 17, | ||||||
22 | 2014 by the Village of Bellwood to create the Addison | ||||||
23 | Creek "C" (Northeast)-2014 TIF. | ||||||
24 | (205) If the ordinance was adopted on September 17, | ||||||
25 | 2014 by the Village of Bellwood to create the Addison | ||||||
26 | Creek "D" (Southeast)-2014 TIF. |
| |||||||
| |||||||
1 | (206) If the ordinance was adopted on June 26, 2007 by | ||||||
2 | the City of Peoria. | ||||||
3 | (207) If the ordinance was adopted on October 28, 2008 | ||||||
4 | by the City of Peoria. | ||||||
5 | (208) If the ordinance was adopted on April 4, 2000 by | ||||||
6 | the City of Joliet to create the Joliet City Center TIF | ||||||
7 | District. | ||||||
8 | (209) If the ordinance was adopted on July 8, 1998 by | ||||||
9 | the City of Chicago to create the 43rd/Cottage Grove TIF | ||||||
10 | district. | ||||||
11 | (210) If the ordinance was adopted on July 8, 1998 by | ||||||
12 | the City of Chicago to create the 79th Street Corridor TIF | ||||||
13 | district. | ||||||
14 | (211) If the ordinance was adopted on November 4, 1998 | ||||||
15 | by the City of Chicago to create the Bronzeville TIF | ||||||
16 | district. | ||||||
17 | (212) If the ordinance was adopted on February 5, 1998 | ||||||
18 | by the City of Chicago to create the Homan/Arthington TIF | ||||||
19 | district. | ||||||
20 | (213) If the ordinance was adopted on December 8, 1998 | ||||||
21 | by the Village of Plainfield. | ||||||
22 | (214) If the ordinance was adopted on July 17, 2000 by | ||||||
23 | the Village of Homer. | ||||||
24 | (215) If the ordinance was adopted on December 27, | ||||||
25 | 2006 by the City of Greenville. | ||||||
26 | (216) If the ordinance was adopted on June 10, 1998 by |
| |||||||
| |||||||
1 | the City of Chicago to create the Kinzie Industrial TIF | ||||||
2 | district. | ||||||
3 | (217) If the ordinance was adopted on December 2, 1998 | ||||||
4 | by the City of Chicago to create the Northwest Industrial | ||||||
5 | TIF district. | ||||||
6 | (218) If the ordinance was adopted on June 10, 1998 by | ||||||
7 | the City of Chicago to create the Pilsen Industrial TIF | ||||||
8 | district. | ||||||
9 | (219) If the ordinance was adopted on January 14, 1997 | ||||||
10 | by the City of Chicago to create the 35th/Halsted TIF | ||||||
11 | district. | ||||||
12 | (220) If the ordinance was adopted on June 9, 1999 by | ||||||
13 | the City of Chicago to create the Pulaski Corridor TIF | ||||||
14 | district. | ||||||
15 | (221) If the ordinance was adopted on December 16, | ||||||
16 | 1997 by the City of Springfield to create the Enos Park | ||||||
17 | Neighborhood TIF District. | ||||||
18 | (222) If the ordinance was adopted on August 22, 2011 | ||||||
19 | by the Village of Warren. | ||||||
20 | (d) For redevelopment project areas for which bonds were | ||||||
21 | issued before
July 29, 1991, or for which contracts were | ||||||
22 | entered into before June 1,
1988, in connection with a | ||||||
23 | redevelopment project in the area within
the State Sales Tax | ||||||
24 | Boundary, the estimated dates of completion of the
| ||||||
25 | redevelopment project and retirement of obligations to finance | ||||||
26 | redevelopment
project costs (including refunding bonds under |
| |||||||
| |||||||
1 | Section 11-74.4-7) may be extended by municipal ordinance to | ||||||
2 | December 31, 2013.
The termination procedures of subsection | ||||||
3 | (b) of Section 11-74.4-8 are not
required for
these | ||||||
4 | redevelopment project areas in 2009 but are required in 2013.
| ||||||
5 | The extension allowed by Public Act 87-1272 shall not apply to | ||||||
6 | real
property tax increment allocation financing under Section | ||||||
7 | 11-74.4-8. | ||||||
8 | (e) Those dates, for purposes of real property tax | ||||||
9 | increment allocation
financing pursuant to Section 11-74.4-8 | ||||||
10 | only, shall be not more than 35 years
for redevelopment | ||||||
11 | project areas that were adopted on or after December 16,
1986 | ||||||
12 | and for which at least $8 million worth of municipal bonds were | ||||||
13 | authorized
on or after December 19, 1989 but before January 1, | ||||||
14 | 1990; provided that the
municipality elects to extend the life | ||||||
15 | of the redevelopment project area to 35
years by the adoption | ||||||
16 | of an ordinance after at least 14 but not more than 30
days' | ||||||
17 | written notice to the taxing bodies, that would otherwise | ||||||
18 | constitute the
joint review board for the redevelopment | ||||||
19 | project area, before the adoption of
the ordinance. | ||||||
20 | (f) Those dates, for purposes of real property tax | ||||||
21 | increment allocation
financing pursuant to Section 11-74.4-8 | ||||||
22 | only, shall be not more than 35 years
for redevelopment | ||||||
23 | project areas that were established on or after December 1,
| ||||||
24 | 1981 but before January 1, 1982 and for which at least | ||||||
25 | $1,500,000 worth of
tax increment revenue bonds were | ||||||
26 | authorized
on or after September 30, 1990 but before July 1, |
| |||||||
| |||||||
1 | 1991; provided that the
municipality elects to extend the life | ||||||
2 | of the redevelopment project area to 35
years by the adoption | ||||||
3 | of an ordinance after at least 14 but not more than 30
days' | ||||||
4 | written notice to the taxing bodies, that would otherwise | ||||||
5 | constitute the
joint review board for the redevelopment | ||||||
6 | project area, before the adoption of
the ordinance. | ||||||
7 | (f-1) (Blank). | ||||||
8 | (f-2) (Blank). | ||||||
9 | (f-3) (Blank). | ||||||
10 | (f-5) Those dates, for purposes of real property tax | ||||||
11 | increment allocation financing pursuant to Section 11-74.4-8 | ||||||
12 | only, shall be not more than 47 years for redevelopment | ||||||
13 | project areas listed in this subsection; provided that (i) the | ||||||
14 | municipality adopts an ordinance extending the life of the | ||||||
15 | redevelopment project area to 47 years and (ii) the | ||||||
16 | municipality provides notice to the taxing bodies that would | ||||||
17 | otherwise constitute the joint review board for the | ||||||
18 | redevelopment project area not more than 30 and not less than | ||||||
19 | 14 days prior to the adoption of that ordinance: | ||||||
20 | (1) If the redevelopment project area was established
| ||||||
21 | on December 29, 1981 by the City of Springfield. | ||||||
22 | (2) If the redevelopment project area was established | ||||||
23 | on December 29, 1986 by the City of Morris and that is | ||||||
24 | known as the Morris TIF District 1. | ||||||
25 | (3) If the redevelopment project area was established
| ||||||
26 | on December 31, 1986 by the Village of Cahokia. |
| |||||||
| |||||||
1 | (4) If the redevelopment project area was established
| ||||||
2 | on December 20, 1986 by the City of Charleston. | ||||||
3 | (5) If the redevelopment project area was established
| ||||||
4 | on December 23, 1986 by the City of Beardstown. | ||||||
5 | (6) If the redevelopment project area was established
| ||||||
6 | on December 23, 1986 by the Town of Cicero. | ||||||
7 | (7) If the redevelopment project area was established
| ||||||
8 | on December 29, 1986 by the City of East St. Louis. | ||||||
9 | (8) If the redevelopment project area was established
| ||||||
10 | on January 23, 1991 by the City of East St. Louis. | ||||||
11 | (9) If the redevelopment project area was established
| ||||||
12 | on December 29, 1986 by the Village of Gardner. | ||||||
13 | (10) If the redevelopment project area was established
| ||||||
14 | on June 11, 2002 by the City of East Peoria to create the | ||||||
15 | West Washington Street TIF. | ||||||
16 | (11) If the redevelopment project area was established
| ||||||
17 | on December 22, 1986 by the City of Washington creating | ||||||
18 | the Washington Square TIF #2. | ||||||
19 | (12) If the redevelopment project area was established
| ||||||
20 | on November 11, 1986 by the City of Pekin. | ||||||
21 | (13) If the redevelopment project area was established | ||||||
22 | on December 30, 1986 by the City of Belleville. | ||||||
23 | (g) In consolidating the material relating to completion | ||||||
24 | dates from Sections 11-74.4-3 and 11-74.4-7 into this Section, | ||||||
25 | it is not the intent of the General Assembly to make any | ||||||
26 | substantive change in the law, except for the extension of the |
| |||||||
| |||||||
1 | completion dates for the City of Aurora, the Village of Milan,
| ||||||
2 | the City of West Frankfort, the Village of Libertyville, and | ||||||
3 | the Village of Hoffman Estates set forth under items (67),
| ||||||
4 | (68), (69), (70), and (71) of subsection (c) of this Section. | ||||||
5 | (Source: P.A. 101-274, eff. 8-9-19; 101-618, eff. 12-20-19; | ||||||
6 | 101-647, eff. 6-26-20; 101-662, eff. 4-2-21; 102-117, eff. | ||||||
7 | 7-23-21; 102-424, eff. 8-20-21; 102-425, eff. 8-20-21; | ||||||
8 | 102-446, eff. 8-20-21; 102-473, eff. 8-20-21; 102-627, eff. | ||||||
9 | 8-27-21; 102-675, eff. 11-30-21.)
| ||||||
10 | Section 99. Effective date. This Act takes effect upon | ||||||
11 | becoming law.
|