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Public Act 098-0667
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SB0504 Enrolled | LRB098 04697 OMW 34725 b |
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AN ACT concerning local government.
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Be it enacted by the People of the State of Illinois, |
represented in the General Assembly:
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Section 5. The Illinois Municipal Code is amended by |
changing Section 11-74.4-3.5 as follows:
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(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
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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 |
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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
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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. |
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(c) The estimated dates of completion
of the redevelopment |
project and retirement of obligations issued to finance
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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 |
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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
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by the City of East St. Louis; |
(17) if the ordinance was adopted on December 22, 1986 |
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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
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June 3, 1992 by the City of Markham; |
(29) if the ordinance was adopted on November 11, 1986 |
by the City of Pekin; |
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(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; |
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(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; |
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(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;
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(68)
if the ordinance was adopted on December 31, 1986 |
by the Village of Milan; |
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(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;
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(72) if the ordinance was adopted on September 17, 1986 |
by the Village of Sherman;
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(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;
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(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;
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(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); |
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(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; |
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(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; |
(100) if the ordinance was adopted on December 20, 1988 |
by the Village of Lansing; |
(101) if the ordinance was adopted on October 27, 1998 |
by the City of Moline; |
(102) if the ordinance was adopted on May 21, 1991 by |
the Village of Glenwood; |
(103) if the ordinance was adopted on January 28, 1992 |
by the City of East Peoria; |
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(104) if the ordinance was adopted on December 14, 1998 |
by the City of Carlyle; |
(105) if the ordinance was adopted on May 17, 2000, as |
subsequently amended, by the City of Chicago to create the |
Midwest Redevelopment TIF District; |
(106) if the ordinance was adopted on September 13, |
1989 by the City of Chicago to create the Michigan/Cermak |
Area TIF District; |
(107) if the ordinance was adopted on March 30, 1992 by |
the Village of Ohio; |
(108) if the ordinance was adopted on July 6, 1998 by |
the Village of Orangeville; |
(109) if the ordinance was adopted on December 16, 1997 |
by the Village of Germantown; |
(110) if the ordinance was adopted on April 28, 2003 by |
Gibson City; |
(111) if the ordinance was adopted on December 18, 1990 |
by the Village of Washington Park, but only after the |
Village of Washington Park becomes compliant with the |
reporting requirements under subsection (d) of Section |
11-74.4-5, and after the State Comptroller's certification |
of such compliance; or |
(112) if the ordinance was adopted on February 28, 2000 |
by the City of Harvey ; . |
(113) if the ordinance was adopted on January 11, 1991 |
by the City of Chicago to create the Read/Dunning TIF |
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District; |
(114) if the ordinance was adopted on July 24, 1991 by |
the City of Chicago to create the Sanitary and Ship Canal |
TIF District; or |
(115) if the ordinance was adopted on December 4, 2007 |
by the City of Naperville. |
(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
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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 |
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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
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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,
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the City of West Frankfort, the Village of Libertyville, and |
the Village of Hoffman Estates set forth under items (67),
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(68), (69), (70), and (71) of subsection (c) of this Section. |
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(Source: P.A. 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; |
97-807, eff. 7-13-12; 97-1114, eff. 8-27-12; 98-109, eff. |
7-25-13; 98-135, eff. 8-2-13; 98-230, eff. 8-9-13; 98-463, eff. |
8-16-13; 98-614, eff. 12-27-13.)
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