Bill Text: IL HB0963 | 2013-2014 | 98th General Assembly | Chaptered


Bill Title: Amends the Tax Increment Allocation Redevelopment Act. Provides that the redevelopment project in the TIF district created by an ordinance that was adopted on March 30, 1992 by the Village of Ohio must be completed by December 31 of the 35th year (now, the 23rd year) after the year in which the ordinance was adopted. Effective immediately.

Spectrum: Slight Partisan Bill (Republican 2-1)

Status: (Passed) 2013-08-02 - Public Act . . . . . . . . . 98-0135 [HB0963 Detail]

Download: Illinois-2013-HB0963-Chaptered.html



Public Act 098-0135
HB0963 EnrolledLRB098 03795 OMW 33811 b
AN ACT concerning local government.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Illinois Municipal Code is amended by
changing Section 11-74.4-3.5 as follows:
(65 ILCS 5/11-74.4-3.5)
Sec. 11-74.4-3.5. Completion dates for redevelopment
projects.
(a) Unless otherwise stated in this Section, the estimated
dates of completion of the redevelopment project and retirement
of obligations issued to finance redevelopment project costs
(including refunding bonds under Section 11-74.4-7) may not be
later than December 31 of the year in which the payment to the
municipal treasurer, as provided in subsection (b) of Section
11-74.4-8 of this Act, is to be made with respect to ad valorem
taxes levied in the 23rd calendar year after the year in which
the ordinance approving the redevelopment project area was
adopted if the ordinance was adopted on or after January 15,
1981.
(b) The estimated dates of completion of the redevelopment
project and retirement of obligations issued to finance
redevelopment project costs (including refunding bonds under
Section 11-74.4-7) may not be later than December 31 of the
year in which the payment to the municipal treasurer as
provided in subsection (b) of Section 11-74.4-8 of this Act is
to be made with respect to ad valorem taxes levied in the 32nd
calendar year after the year in which the ordinance approving
the redevelopment project area was adopted, if the ordinance
was adopted on September 9, 1999 by the Village of Downs.
The estimated dates of completion of the redevelopment
project and retirement of obligations issued to finance
redevelopment project costs (including refunding bonds under
Section 11-74.4-7) may not be later than December 31 of the
year in which the payment to the municipal treasurer as
provided in subsection (b) of Section 11-74.4-8 of this Act is
to be made with respect to ad valorem taxes levied in the 33rd
calendar year after the year in which the ordinance approving
the redevelopment project area was adopted, if the ordinance
was adopted on May 20, 1985 by the Village of Wheeling.
The estimated dates of completion of the redevelopment
project and retirement of obligations issued to finance
redevelopment project costs (including refunding bonds under
Section 11-74.4-7) may not be later than December 31 of the
year in which the payment to the municipal treasurer as
provided in subsection (b) of Section 11-74.4-8 of this Act is
to be made with respect to ad valorem taxes levied in the 28th
calendar year after the year in which the ordinance approving
the redevelopment project area was adopted, if the ordinance
was adopted on October 12, 1989 by the City of Lawrenceville.
(c) The estimated dates of completion of the redevelopment
project and retirement of obligations issued to finance
redevelopment project costs (including refunding bonds under
Section 11-74.4-7) may not be later than December 31 of the
year in which the payment to the municipal treasurer as
provided in subsection (b) of Section 11-74.4-8 of this Act is
to be made with respect to ad valorem taxes levied in the 35th
calendar year after the year in which the ordinance approving
the redevelopment project area was adopted:
(1) if the ordinance was adopted before January 15,
1981;
(2) if the ordinance was adopted in December 1983,
April 1984, July 1985, or December 1989;
(3) if the ordinance was adopted in December 1987 and
the redevelopment project is located within one mile of
Midway Airport;
(4) if the ordinance was adopted before January 1, 1987
by a municipality in Mason County;
(5) if the municipality is subject to the Local
Government Financial Planning and Supervision Act or the
Financially Distressed City Law;
(6) if the ordinance was adopted in December 1984 by
the Village of Rosemont;
(7) if the ordinance was adopted on December 31, 1986
by a municipality located in Clinton County for which at
least $250,000 of tax increment bonds were authorized on
June 17, 1997, or if the ordinance was adopted on December
31, 1986 by a municipality with a population in 1990 of
less than 3,600 that is located in a county with a
population in 1990 of less than 34,000 and for which at
least $250,000 of tax increment bonds were authorized on
June 17, 1997;
(8) if the ordinance was adopted on October 5, 1982 by
the City of Kankakee, or if the ordinance was adopted on
December 29, 1986 by East St. Louis;
(9) if the ordinance was adopted on November 12, 1991
by the Village of Sauget;
(10) if the ordinance was adopted on February 11, 1985
by the City of Rock Island;
(11) if the ordinance was adopted before December 18,
1986 by the City of Moline;
(12) if the ordinance was adopted in September 1988 by
Sauk Village;
(13) if the ordinance was adopted in October 1993 by
Sauk Village;
(14) if the ordinance was adopted on December 29, 1986
by the City of Galva;
(15) if the ordinance was adopted in March 1991 by the
City of Centreville;
(16) if the ordinance was adopted on January 23, 1991
by the City of East St. Louis;
(17) if the ordinance was adopted on December 22, 1986
by the City of Aledo;
(18) if the ordinance was adopted on February 5, 1990
by the City of Clinton;
(19) if the ordinance was adopted on September 6, 1994
by the City of Freeport;
(20) if the ordinance was adopted on December 22, 1986
by the City of Tuscola;
(21) if the ordinance was adopted on December 23, 1986
by the City of Sparta;
(22) if the ordinance was adopted on December 23, 1986
by the City of Beardstown;
(23) if the ordinance was adopted on April 27, 1981,
October 21, 1985, or December 30, 1986 by the City of
Belleville;
(24) if the ordinance was adopted on December 29, 1986
by the City of Collinsville;
(25) if the ordinance was adopted on September 14, 1994
by the City of Alton;
(26) if the ordinance was adopted on November 11, 1996
by the City of Lexington;
(27) if the ordinance was adopted on November 5, 1984
by the City of LeRoy;
(28) if the ordinance was adopted on April 3, 1991 or
June 3, 1992 by the City of Markham;
(29) if the ordinance was adopted on November 11, 1986
by the City of Pekin;
(30) if the ordinance was adopted on December 15, 1981
by the City of Champaign;
(31) if the ordinance was adopted on December 15, 1986
by the City of Urbana;
(32) if the ordinance was adopted on December 15, 1986
by the Village of Heyworth;
(33) if the ordinance was adopted on February 24, 1992
by the Village of Heyworth;
(34) if the ordinance was adopted on March 16, 1995 by
the Village of Heyworth;
(35) if the ordinance was adopted on December 23, 1986
by the Town of Cicero;
(36) if the ordinance was adopted on December 30, 1986
by the City of Effingham;
(37) if the ordinance was adopted on May 9, 1991 by the
Village of Tilton;
(38) if the ordinance was adopted on October 20, 1986
by the City of Elmhurst;
(39) if the ordinance was adopted on January 19, 1988
by the City of Waukegan;
(40) if the ordinance was adopted on September 21, 1998
by the City of Waukegan;
(41) if the ordinance was adopted on December 31, 1986
by the City of Sullivan;
(42) if the ordinance was adopted on December 23, 1991
by the City of Sullivan;
(43) if the ordinance was adopted on December 31, 1986
by the City of Oglesby;
(44) if the ordinance was adopted on July 28, 1987 by
the City of Marion;
(45) if the ordinance was adopted on April 23, 1990 by
the City of Marion;
(46) if the ordinance was adopted on August 20, 1985 by
the Village of Mount Prospect;
(47) if the ordinance was adopted on February 2, 1998
by the Village of Woodhull;
(48) if the ordinance was adopted on April 20, 1993 by
the Village of Princeville;
(49) if the ordinance was adopted on July 1, 1986 by
the City of Granite City;
(50) if the ordinance was adopted on February 2, 1989
by the Village of Lombard;
(51) if the ordinance was adopted on December 29, 1986
by the Village of Gardner;
(52) if the ordinance was adopted on July 14, 1999 by
the Village of Paw Paw;
(53) if the ordinance was adopted on November 17, 1986
by the Village of Franklin Park;
(54) if the ordinance was adopted on November 20, 1989
by the Village of South Holland;
(55) if the ordinance was adopted on July 14, 1992 by
the Village of Riverdale;
(56) if the ordinance was adopted on December 29, 1986
by the City of Galesburg;
(57) if the ordinance was adopted on April 1, 1985 by
the City of Galesburg;
(58) if the ordinance was adopted on May 21, 1990 by
the City of West Chicago;
(59) if the ordinance was adopted on December 16, 1986
by the City of Oak Forest;
(60) if the ordinance was adopted in 1999 by the City
of Villa Grove;
(61) if the ordinance was adopted on January 13, 1987
by the Village of Mt. Zion;
(62) if the ordinance was adopted on December 30, 1986
by the Village of Manteno;
(63) if the ordinance was adopted on April 3, 1989 by
the City of Chicago Heights;
(64) if the ordinance was adopted on January 6, 1999 by
the Village of Rosemont;
(65) if the ordinance was adopted on December 19, 2000
by the Village of Stone Park;
(66) if the ordinance was adopted on December 22, 1986
by the City of DeKalb;
(67) if the ordinance was adopted on December 2, 1986
by the City of Aurora;
(68) if the ordinance was adopted on December 31, 1986
by the Village of Milan;
(69) if the ordinance was adopted on September 8, 1994
by the City of West Frankfort;
(70) if the ordinance was adopted on December 23, 1986
by the Village of Libertyville;
(71) if the ordinance was adopted on December 22, 1986
by the Village of Hoffman Estates;
(72) if the ordinance was adopted on September 17, 1986
by the Village of Sherman;
(73) if the ordinance was adopted on December 16, 1986
by the City of Macomb;
(74) if the ordinance was adopted on June 11, 2002 by
the City of East Peoria to create the West Washington
Street TIF;
(75) if the ordinance was adopted on June 11, 2002 by
the City of East Peoria to create the Camp Street TIF;
(76) if the ordinance was adopted on August 7, 2000 by
the City of Des Plaines;
(77) if the ordinance was adopted on December 22, 1986
by the City of Washington to create the Washington Square
TIF #2;
(78) if the ordinance was adopted on December 29, 1986
by the City of Morris;
(79) if the ordinance was adopted on July 6, 1998 by
the Village of Steeleville;
(80) if the ordinance was adopted on December 29, 1986
by the City of Pontiac to create TIF I (the Main St TIF);
(81) if the ordinance was adopted on December 29, 1986
by the City of Pontiac to create TIF II (the Interstate
TIF);
(82) if the ordinance was adopted on November 6, 2002
by the City of Chicago to create the Madden/Wells TIF
District;
(83) if the ordinance was adopted on November 4, 1998
by the City of Chicago to create the Roosevelt/Racine TIF
District;
(84) if the ordinance was adopted on June 10, 1998 by
the City of Chicago to create the Stony Island
Commercial/Burnside Industrial Corridors TIF District;
(85) if the ordinance was adopted on November 29, 1989
by the City of Chicago to create the Englewood Mall TIF
District;
(86) if the ordinance was adopted on December 27, 1986
by the City of Mendota;
(87) if the ordinance was adopted on December 31, 1986
by the Village of Cahokia;
(88) if the ordinance was adopted on September 20, 1999
by the City of Belleville;
(89) if the ordinance was adopted on December 30, 1986
by the Village of Bellevue to create the Bellevue TIF
District 1;
(90) if the ordinance was adopted on December 13, 1993
by the Village of Crete;
(91) if the ordinance was adopted on February 12, 2001
by the Village of Crete;
(92) if the ordinance was adopted on April 23, 2001 by
the Village of Crete;
(93) if the ordinance was adopted on December 16, 1986
by the City of Champaign;
(94) if the ordinance was adopted on December 20, 1986
by the City of Charleston;
(95) if the ordinance was adopted on June 6, 1989 by
the Village of Romeoville;
(96) if the ordinance was adopted on October 14, 1993
and amended on August 2, 2010 by the City of Venice;
(97) if the ordinance was adopted on June 1, 1994 by
the City of Markham;
(98) if the ordinance was adopted on May 19, 1998 by
the Village of Bensenville;
(99) if the ordinance was adopted on November 12, 1987
by the City of Dixon; or
(100) if the ordinance was adopted on December 20, 1988
by the Village of Lansing; .
(101) (95) if the ordinance was adopted on October 27,
1998 by the City of Moline; or .
(102) if the ordinance was adopted on March 30, 1992 by
the Village of Ohio.
(d) For redevelopment project areas for which bonds were
issued before July 29, 1991, or for which contracts were
entered into before June 1, 1988, in connection with a
redevelopment project in the area within the State Sales Tax
Boundary, the estimated dates of completion of the
redevelopment project and retirement of obligations to finance
redevelopment project costs (including refunding bonds under
Section 11-74.4-7) may be extended by municipal ordinance to
December 31, 2013. The termination procedures of subsection (b)
of Section 11-74.4-8 are not required for these redevelopment
project areas in 2009 but are required in 2013. The extension
allowed by Public Act 87-1272 shall not apply to real property
tax increment allocation financing under Section 11-74.4-8.
(e) Those dates, for purposes of real property tax
increment allocation financing pursuant to Section 11-74.4-8
only, shall be not more than 35 years for redevelopment project
areas that were adopted on or after December 16, 1986 and for
which at least $8 million worth of municipal bonds were
authorized on or after December 19, 1989 but before January 1,
1990; provided that the municipality elects to extend the life
of the redevelopment project area to 35 years by the adoption
of an ordinance after at least 14 but not more than 30 days'
written notice to the taxing bodies, that would otherwise
constitute the joint review board for the redevelopment project
area, before the adoption of the ordinance.
(f) Those dates, for purposes of real property tax
increment allocation financing pursuant to Section 11-74.4-8
only, shall be not more than 35 years for redevelopment project
areas that were established on or after December 1, 1981 but
before January 1, 1982 and for which at least $1,500,000 worth
of tax increment revenue bonds were authorized on or after
September 30, 1990 but before July 1, 1991; provided that the
municipality elects to extend the life of the redevelopment
project area to 35 years by the adoption of an ordinance after
at least 14 but not more than 30 days' written notice to the
taxing bodies, that would otherwise constitute the joint review
board for the redevelopment project area, before the adoption
of the ordinance.
(g) In consolidating the material relating to completion
dates from Sections 11-74.4-3 and 11-74.4-7 into this Section,
it is not the intent of the General Assembly to make any
substantive change in the law, except for the extension of the
completion dates for the City of Aurora, the Village of Milan,
the City of West Frankfort, the Village of Libertyville, and
the Village of Hoffman Estates set forth under items (67),
(68), (69), (70), and (71) of subsection (c) of this Section.
(Source: P.A. 96-127, eff. 8-4-09; 96-182, eff. 8-10-09;
96-208, eff. 8-10-09; 96-209, eff. 1-1-10; 96-213, eff.
8-10-09; 96-264, eff. 8-11-09; 96-328, eff. 8-11-09; 96-439,
eff. 8-14-09; 96-454, eff. 8-14-09; 96-722, eff. 8-25-09;
96-773, eff. 8-28-09; 96-830, eff. 12-4-09; 96-837, eff.
12-16-09; 96-1000, eff. 7-2-10; 96-1359, eff. 7-28-10;
96-1494, eff. 12-30-10; 96-1514, eff. 2-4-11; 96-1552, eff.
3-10-11; 97-93, eff. 1-1-12; 97-372, eff. 8-15-11; 97-600, eff.
8-26-11; 97-633, eff. 12-16-11; 97-635, eff. 12-16-11; revised
12-29-11.)
Section 99. Effective date. This Act takes effect upon
becoming law.
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