Bill Text: IL SB1775 | 2017-2018 | 100th General Assembly | Enrolled


Bill Title: Amends the Illinois Municipal Code. Creates the Municipal Task Force on Recycling Strategies to Reduce Greenhouse Gas Emissions to review the status of municipal policies and programs that reduce greenhouse gas emissions nationally and internationally. Provides that the review shall include, but not be limited to, specified greenhouse gas initiatives. Provides that the Task Force shall prepare a report that summarizes its work and makes recommendations resulting from its review. Provides that the Task Force shall submit the report of its findings and recommendations to the Governor and the General Assembly no later than one year after the effective date. Contains provisions concerning the membership of the Task Force. Provides that the members of the Task Force shall be appointed no later than 90 days after the effective date of the amendatory Act. Provides that the provisions creating and concerning the Task Force shall be repealed 2 years after the effective date.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Enrolled) 2017-07-01 - Passed Both Houses [SB1775 Detail]

Download: Illinois-2017-SB1775-Enrolled.html



SB1775 EnrolledLRB100 11266 AWJ 21602 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 Property Tax Code is amended by adding
5Section 10-705 as follows:
6 (35 ILCS 200/10-705 new)
7 Sec. 10-705. Keystone property.
8 (a) For the purposes of this Section:
9 "Base year" means the last tax year prior to the date
10 of the application during which the property was occupied
11 and assessed and taxes were collected.
12 "Tax year" means the calendar year for which assessed
13 value is determined as of January 1 of that year.
14 "Keystone property" means property that has had a
15 distinguished past and is a prominent property in the
16 Village of Park Forest, a home rule municipality in both
17 Cook and Will Counties, but is not of historical
18 significance or landmark status and meets the following
19 criteria:
20 (1) the property contains an existing industrial
21 structure consisting of more than 100,000 square feet;
22 (2) the property is located on a lot, parcel, or
23 tract of land that is more than 5 acres in area;

SB1775 Enrolled- 2 -LRB100 11266 AWJ 21602 b
1 (3) the industrial structure was originally built
2 more than 30 years prior to the date of the
3 application;
4 (4) the property has been vacant for a period of
5 more than 5 consecutive years immediately prior to the
6 date of the application; and
7 (5) the property is not located in a tax increment
8 financing district as of the date of the application.
9 (b) Within one year from the effective date of this
10amendatory Act of the 100th General Assembly, owners of real
11property may apply with the municipality in which the property
12is located to have the property designated as keystone
13property. If the property meets the criteria for keystone
14property set forth in subsection (a), then the corporate
15authorities of the municipality have one year from the
16effective date of this amendatory Act of the 100th General
17Assembly within which they may certify the property as keystone
18property for the purposes of promoting rehabilitation of vacant
19property and fostering job creation in the fields of
20manufacturing and research and development. The certification
21shall be transmitted to the chief county assessment officer as
22soon as possible after the property is certified.
23 (c) Beginning with the first tax year after the property is
24certified as keystone property and continuing through the
25twelfth tax year after the property is certified as keystone
26property, for the purpose of taxation under this Code, the

SB1775 Enrolled- 3 -LRB100 11266 AWJ 21602 b
1property shall be valued at 33 1/3% of the fair cash value of
2the land, without regard to buildings, structures,
3improvements, and other permanent fixtures located on the
4property. For the first 3 tax years after the property is
5certified as keystone property, the aggregate tax liability for
6the property shall be no greater than $75,000. That aggregate
7tax liability, once collected, shall be distributed to the
8taxing districts in which the property is located according to
9each taxing district's proportionate share of that aggregate
10liability. Beginning with the fourth tax year after the
11property is certified as keystone property and continuing
12through the twelfth tax year after the property is certified as
13keystone property, the property's tax liability for each taxing
14district in which the property is located shall be increased
15over the tax liability for the preceding year by the percentage
16increase, if any, in the total equalized assessed value of all
17property in the taxing district.
18 No later than March 1 of each year before taxes are
19extended for the prior tax year, the Village of Park Forest
20shall certify to the county clerk of the county in which the
21property is located a percentage reduction to be applied to
22property taxes to limit the aggregate tax liability on keystone
23property in accordance with this Section.
24 Section 10. The Illinois Municipal Code is amended by
25changing Section 11-74.4-3.5 as follows:

SB1775 Enrolled- 4 -LRB100 11266 AWJ 21602 b
1 (65 ILCS 5/11-74.4-3.5)
2 Sec. 11-74.4-3.5. Completion dates for redevelopment
3projects.
4 (a) Unless otherwise stated in this Section, the estimated
5dates of completion of the redevelopment project and retirement
6of obligations issued to finance redevelopment project costs
7(including refunding bonds under Section 11-74.4-7) may not be
8later than December 31 of the year in which the payment to the
9municipal treasurer, as provided in subsection (b) of Section
1011-74.4-8 of this Act, is to be made with respect to ad valorem
11taxes levied in the 23rd calendar year after the year in which
12the ordinance approving the redevelopment project area was
13adopted if the ordinance was adopted on or after January 15,
141981.
15 (a-5) If the redevelopment project area is located within a
16transit facility improvement area established pursuant to
17Section 11-74.4-3, the estimated dates of completion of the
18redevelopment project and retirement of obligations issued to
19finance redevelopment project costs (including refunding bonds
20under Section 11-74.4-7) may not be later than December 31 of
21the year in which the payment to the municipal treasurer, as
22provided in subsection (b) of Section 11-74.4-8 of this Act
23amendatory Act of the 99th General Assembly, is to be made with
24respect to ad valorem taxes levied in the 35th calendar year
25after the year in which the ordinance approving the

SB1775 Enrolled- 5 -LRB100 11266 AWJ 21602 b
1redevelopment project area was adopted.
2 (a-7) A municipality may adopt tax increment financing for
3a redevelopment project area located in a transit facility
4improvement area that also includes real property located
5within an existing redevelopment project area established
6prior to August 12, 2016 (the effective date of Public Act
799-792) this amendatory Act of 99th General Assembly. In such
8case: (i) the provisions of this Division shall apply with
9respect to the previously established redevelopment project
10area until the municipality adopts, as required in accordance
11with applicable provisions of this Division, an ordinance
12dissolving the special tax allocation fund for such
13redevelopment project area and terminating the designation of
14such redevelopment project area as a redevelopment project
15area; and (ii) after the effective date of the ordinance
16described in (i), the provisions of this Division shall apply
17with respect to the subsequently established redevelopment
18project area located in a transit facility improvement area.
19 (b) The estimated dates of completion of the redevelopment
20project and retirement of obligations issued to finance
21redevelopment project costs (including refunding bonds under
22Section 11-74.4-7) may not be later than December 31 of the
23year in which the payment to the municipal treasurer as
24provided in subsection (b) of Section 11-74.4-8 of this Act is
25to be made with respect to ad valorem taxes levied in the 32nd
26calendar year after the year in which the ordinance approving

SB1775 Enrolled- 6 -LRB100 11266 AWJ 21602 b
1the redevelopment project area was adopted if the ordinance was
2adopted on September 9, 1999 by the Village of Downs.
3 The estimated dates of completion of the redevelopment
4project and retirement of obligations issued to finance
5redevelopment project costs (including refunding bonds under
6Section 11-74.4-7) may not be later than December 31 of the
7year in which the payment to the municipal treasurer as
8provided in subsection (b) of Section 11-74.4-8 of this Act is
9to be made with respect to ad valorem taxes levied in the 33rd
10calendar year after the year in which the ordinance approving
11the redevelopment project area was adopted if the ordinance was
12adopted on May 20, 1985 by the Village of Wheeling.
13 The estimated dates of completion of the redevelopment
14project and retirement of obligations issued to finance
15redevelopment project costs (including refunding bonds under
16Section 11-74.4-7) may not be later than December 31 of the
17year in which the payment to the municipal treasurer as
18provided in subsection (b) of Section 11-74.4-8 of this Act is
19to be made with respect to ad valorem taxes levied in the 28th
20calendar year after the year in which the ordinance approving
21the redevelopment project area was adopted if the ordinance was
22adopted on October 12, 1989 by the City of Lawrenceville.
23 (c) The estimated dates of completion of the redevelopment
24project and retirement of obligations issued to finance
25redevelopment project costs (including refunding bonds under
26Section 11-74.4-7) may not be later than December 31 of the

SB1775 Enrolled- 7 -LRB100 11266 AWJ 21602 b
1year in which the payment to the municipal treasurer as
2provided in subsection (b) of Section 11-74.4-8 of this Act is
3to be made with respect to ad valorem taxes levied in the 35th
4calendar year after the year in which the ordinance approving
5the redevelopment project area was adopted:
6 (1) If the ordinance was adopted before January 15,
7 1981.
8 (2) If the ordinance was adopted in December 1983,
9 April 1984, July 1985, or December 1989.
10 (3) If the ordinance was adopted in December 1987 and
11 the redevelopment project is located within one mile of
12 Midway Airport.
13 (4) If the ordinance was adopted before January 1, 1987
14 by a municipality in Mason County.
15 (5) If the municipality is subject to the Local
16 Government Financial Planning and Supervision Act or the
17 Financially Distressed City Law.
18 (6) If the ordinance was adopted in December 1984 by
19 the Village of Rosemont.
20 (7) If the ordinance was adopted on December 31, 1986
21 by a municipality located in Clinton County for which at
22 least $250,000 of tax increment bonds were authorized on
23 June 17, 1997, or if the ordinance was adopted on December
24 31, 1986 by a municipality with a population in 1990 of
25 less than 3,600 that is located in a county with a
26 population in 1990 of less than 34,000 and for which at

SB1775 Enrolled- 8 -LRB100 11266 AWJ 21602 b
1 least $250,000 of tax increment bonds were authorized on
2 June 17, 1997.
3 (8) If the ordinance was adopted on October 5, 1982 by
4 the City of Kankakee, or if the ordinance was adopted on
5 December 29, 1986 by East St. Louis.
6 (9) If the ordinance was adopted on November 12, 1991
7 by the Village of Sauget.
8 (10) If the ordinance was adopted on February 11, 1985
9 by the City of Rock Island.
10 (11) If the ordinance was adopted before December 18,
11 1986 by the City of Moline.
12 (12) If the ordinance was adopted in September 1988 by
13 Sauk Village.
14 (13) If the ordinance was adopted in October 1993 by
15 Sauk Village.
16 (14) If the ordinance was adopted on December 29, 1986
17 by the City of Galva.
18 (15) If the ordinance was adopted in March 1991 by the
19 City of Centreville.
20 (16) If the ordinance was adopted on January 23, 1991
21 by the City of East St. Louis.
22 (17) If the ordinance was adopted on December 22, 1986
23 by the City of Aledo.
24 (18) If the ordinance was adopted on February 5, 1990
25 by the City of Clinton.
26 (19) If the ordinance was adopted on September 6, 1994

SB1775 Enrolled- 9 -LRB100 11266 AWJ 21602 b
1 by the City of Freeport.
2 (20) If the ordinance was adopted on December 22, 1986
3 by the City of Tuscola.
4 (21) If the ordinance was adopted on December 23, 1986
5 by the City of Sparta.
6 (22) If the ordinance was adopted on December 23, 1986
7 by the City of Beardstown.
8 (23) If the ordinance was adopted on April 27, 1981,
9 October 21, 1985, or December 30, 1986 by the City of
10 Belleville.
11 (24) If the ordinance was adopted on December 29, 1986
12 by the City of Collinsville.
13 (25) If the ordinance was adopted on September 14, 1994
14 by the City of Alton.
15 (26) If the ordinance was adopted on November 11, 1996
16 by the City of Lexington.
17 (27) If the ordinance was adopted on November 5, 1984
18 by the City of LeRoy.
19 (28) If the ordinance was adopted on April 3, 1991 or
20 June 3, 1992 by the City of Markham.
21 (29) If the ordinance was adopted on November 11, 1986
22 by the City of Pekin.
23 (30) If the ordinance was adopted on December 15, 1981
24 by the City of Champaign.
25 (31) If the ordinance was adopted on December 15, 1986
26 by the City of Urbana.

SB1775 Enrolled- 10 -LRB100 11266 AWJ 21602 b
1 (32) If the ordinance was adopted on December 15, 1986
2 by the Village of Heyworth.
3 (33) If the ordinance was adopted on February 24, 1992
4 by the Village of Heyworth.
5 (34) If the ordinance was adopted on March 16, 1995 by
6 the Village of Heyworth.
7 (35) If the ordinance was adopted on December 23, 1986
8 by the Town of Cicero.
9 (36) If the ordinance was adopted on December 30, 1986
10 by the City of Effingham.
11 (37) If the ordinance was adopted on May 9, 1991 by the
12 Village of Tilton.
13 (38) If the ordinance was adopted on October 20, 1986
14 by the City of Elmhurst.
15 (39) If the ordinance was adopted on January 19, 1988
16 by the City of Waukegan.
17 (40) If the ordinance was adopted on September 21, 1998
18 by the City of Waukegan.
19 (41) If the ordinance was adopted on December 31, 1986
20 by the City of Sullivan.
21 (42) If the ordinance was adopted on December 23, 1991
22 by the City of Sullivan.
23 (43) If the ordinance was adopted on December 31, 1986
24 by the City of Oglesby.
25 (44) If the ordinance was adopted on July 28, 1987 by
26 the City of Marion.

SB1775 Enrolled- 11 -LRB100 11266 AWJ 21602 b
1 (45) If the ordinance was adopted on April 23, 1990 by
2 the City of Marion.
3 (46) If the ordinance was adopted on August 20, 1985 by
4 the Village of Mount Prospect.
5 (47) If the ordinance was adopted on February 2, 1998
6 by the Village of Woodhull.
7 (48) If the ordinance was adopted on April 20, 1993 by
8 the Village of Princeville.
9 (49) If the ordinance was adopted on July 1, 1986 by
10 the City of Granite City.
11 (50) If the ordinance was adopted on February 2, 1989
12 by the Village of Lombard.
13 (51) If the ordinance was adopted on December 29, 1986
14 by the Village of Gardner.
15 (52) If the ordinance was adopted on July 14, 1999 by
16 the Village of Paw Paw.
17 (53) If the ordinance was adopted on November 17, 1986
18 by the Village of Franklin Park.
19 (54) If the ordinance was adopted on November 20, 1989
20 by the Village of South Holland.
21 (55) If the ordinance was adopted on July 14, 1992 by
22 the Village of Riverdale.
23 (56) If the ordinance was adopted on December 29, 1986
24 by the City of Galesburg.
25 (57) If the ordinance was adopted on April 1, 1985 by
26 the City of Galesburg.

SB1775 Enrolled- 12 -LRB100 11266 AWJ 21602 b
1 (58) If the ordinance was adopted on May 21, 1990 by
2 the City of West Chicago.
3 (59) If the ordinance was adopted on December 16, 1986
4 by the City of Oak Forest.
5 (60) If the ordinance was adopted in 1999 by the City
6 of Villa Grove.
7 (61) If the ordinance was adopted on January 13, 1987
8 by the Village of Mt. Zion.
9 (62) If the ordinance was adopted on December 30, 1986
10 by the Village of Manteno.
11 (63) If the ordinance was adopted on April 3, 1989 by
12 the City of Chicago Heights.
13 (64) If the ordinance was adopted on January 6, 1999 by
14 the Village of Rosemont.
15 (65) If the ordinance was adopted on December 19, 2000
16 by the Village of Stone Park.
17 (66) If the ordinance was adopted on December 22, 1986
18 by the City of DeKalb.
19 (67) If the ordinance was adopted on December 2, 1986
20 by the City of Aurora.
21 (68) If the ordinance was adopted on December 31, 1986
22 by the Village of Milan.
23 (69) If the ordinance was adopted on September 8, 1994
24 by the City of West Frankfort.
25 (70) If the ordinance was adopted on December 23, 1986
26 by the Village of Libertyville.

SB1775 Enrolled- 13 -LRB100 11266 AWJ 21602 b
1 (71) If the ordinance was adopted on December 22, 1986
2 by the Village of Hoffman Estates.
3 (72) If the ordinance was adopted on September 17, 1986
4 by the Village of Sherman.
5 (73) If the ordinance was adopted on December 16, 1986
6 by the City of Macomb.
7 (74) If the ordinance was adopted on June 11, 2002 by
8 the City of East Peoria to create the West Washington
9 Street TIF.
10 (75) If the ordinance was adopted on June 11, 2002 by
11 the City of East Peoria to create the Camp Street TIF.
12 (76) If the ordinance was adopted on August 7, 2000 by
13 the City of Des Plaines.
14 (77) If the ordinance was adopted on December 22, 1986
15 by the City of Washington to create the Washington Square
16 TIF #2.
17 (78) If the ordinance was adopted on December 29, 1986
18 by the City of Morris.
19 (79) If the ordinance was adopted on July 6, 1998 by
20 the Village of Steeleville.
21 (80) If the ordinance was adopted on December 29, 1986
22 by the City of Pontiac to create TIF I (the Main St TIF).
23 (81) If the ordinance was adopted on December 29, 1986
24 by the City of Pontiac to create TIF II (the Interstate
25 TIF).
26 (82) If the ordinance was adopted on November 6, 2002

SB1775 Enrolled- 14 -LRB100 11266 AWJ 21602 b
1 by the City of Chicago to create the Madden/Wells TIF
2 District.
3 (83) If the ordinance was adopted on November 4, 1998
4 by the City of Chicago to create the Roosevelt/Racine TIF
5 District.
6 (84) If the ordinance was adopted on June 10, 1998 by
7 the City of Chicago to create the Stony Island
8 Commercial/Burnside Industrial Corridors TIF District.
9 (85) If the ordinance was adopted on November 29, 1989
10 by the City of Chicago to create the Englewood Mall TIF
11 District.
12 (86) If the ordinance was adopted on December 27, 1986
13 by the City of Mendota.
14 (87) If the ordinance was adopted on December 31, 1986
15 by the Village of Cahokia.
16 (88) If the ordinance was adopted on September 20, 1999
17 by the City of Belleville.
18 (89) If the ordinance was adopted on December 30, 1986
19 by the Village of Bellevue to create the Bellevue TIF
20 District 1.
21 (90) If the ordinance was adopted on December 13, 1993
22 by the Village of Crete.
23 (91) If the ordinance was adopted on February 12, 2001
24 by the Village of Crete.
25 (92) If the ordinance was adopted on April 23, 2001 by
26 the Village of Crete.

SB1775 Enrolled- 15 -LRB100 11266 AWJ 21602 b
1 (93) If the ordinance was adopted on December 16, 1986
2 by the City of Champaign.
3 (94) If the ordinance was adopted on December 20, 1986
4 by the City of Charleston.
5 (95) If the ordinance was adopted on June 6, 1989 by
6 the Village of Romeoville.
7 (96) If the ordinance was adopted on October 14, 1993
8 and amended on August 2, 2010 by the City of Venice.
9 (97) If the ordinance was adopted on June 1, 1994 by
10 the City of Markham.
11 (98) If the ordinance was adopted on May 19, 1998 by
12 the Village of Bensenville.
13 (99) If the ordinance was adopted on November 12, 1987
14 by the City of Dixon.
15 (100) If the ordinance was adopted on December 20, 1988
16 by the Village of Lansing.
17 (101) If the ordinance was adopted on October 27, 1998
18 by the City of Moline.
19 (102) If the ordinance was adopted on May 21, 1991 by
20 the Village of Glenwood.
21 (103) If the ordinance was adopted on January 28, 1992
22 by the City of East Peoria.
23 (104) If the ordinance was adopted on December 14, 1998
24 by the City of Carlyle.
25 (105) If the ordinance was adopted on May 17, 2000, as
26 subsequently amended, by the City of Chicago to create the

SB1775 Enrolled- 16 -LRB100 11266 AWJ 21602 b
1 Midwest Redevelopment TIF District.
2 (106) If the ordinance was adopted on September 13,
3 1989 by the City of Chicago to create the Michigan/Cermak
4 Area TIF District.
5 (107) If the ordinance was adopted on March 30, 1992 by
6 the Village of Ohio.
7 (108) If the ordinance was adopted on July 6, 1998 by
8 the Village of Orangeville.
9 (109) If the ordinance was adopted on December 16, 1997
10 by the Village of Germantown.
11 (110) If the ordinance was adopted on April 28, 2003 by
12 Gibson City.
13 (111) If the ordinance was adopted on December 18, 1990
14 by the Village of Washington Park, but only after the
15 Village of Washington Park becomes compliant with the
16 reporting requirements under subsection (d) of Section
17 11-74.4-5, and after the State Comptroller's certification
18 of such compliance.
19 (112) If the ordinance was adopted on February 28, 2000
20 by the City of Harvey.
21 (113) If the ordinance was adopted on January 11, 1991
22 by the City of Chicago to create the Read/Dunning TIF
23 District.
24 (114) If the ordinance was adopted on July 24, 1991 by
25 the City of Chicago to create the Sanitary and Ship Canal
26 TIF District.

SB1775 Enrolled- 17 -LRB100 11266 AWJ 21602 b
1 (115) If the ordinance was adopted on December 4, 2007
2 by the City of Naperville.
3 (116) If the ordinance was adopted on July 1, 2002 by
4 the Village of Arlington Heights.
5 (117) If the ordinance was adopted on February 11, 1991
6 by the Village of Machesney Park.
7 (118) If the ordinance was adopted on December 29, 1993
8 by the City of Ottawa.
9 (119) If the ordinance was adopted on June 4, 1991 by
10 the Village of Lansing.
11 (120) If the ordinance was adopted on February 10, 2004
12 by the Village of Fox Lake.
13 (121) If the ordinance was adopted on December 22, 1992
14 by the City of Fairfield.
15 (122) If the ordinance was adopted on February 10, 1992
16 by the City of Mt. Sterling.
17 (123) If the ordinance was adopted on March 15, 2004 by
18 the City of Batavia.
19 (124) If the ordinance was adopted on March 18, 2002 by
20 the Village of Lake Zurich.
21 (125) If the ordinance was adopted on September 23,
22 1997 by the City of Granite City.
23 (126) If the ordinance was adopted on May 8, 2013 by
24 the Village of Rosemont to create the Higgins Road/River
25 Road TIF District No. 6.
26 (127) If the ordinance was adopted on November 22, 1993

SB1775 Enrolled- 18 -LRB100 11266 AWJ 21602 b
1 by the City of Arcola.
2 (128) If the ordinance was adopted on September 7, 2004
3 by the City of Arcola.
4 (129) If the ordinance was adopted on November 29, 1999
5 by the City of Paris.
6 (130) If the ordinance was adopted on September 20,
7 1994 by the City of Ottawa to create the U.S. Route 6 East
8 Ottawa TIF.
9 (131) If the ordinance was adopted on May 2, 2002 by
10 the Village of Crestwood.
11 (132) If the ordinance was adopted on October 27, 1992
12 by the City of Blue Island.
13 (133) If the ordinance was adopted on December 23, 1993
14 by the City of Lacon.
15 (134) If the ordinance was adopted on May 4, 1998 by
16 the Village of Bradford.
17 (135) If the ordinance was adopted on June 11, 2002 by
18 the City of Oak Forest.
19 (136) If the ordinance was adopted on November 16, 1992
20 by the City of Pinckneyville.
21 (137) If the ordinance was adopted on March 1, 2001 by
22 the Village of South Jacksonville.
23 (138) If the ordinance was adopted on February 26, 1992
24 by the City of Chicago to create the Stockyards Southeast
25 Quadrant TIF District.
26 (139) If the ordinance was adopted on January 25, 1993

SB1775 Enrolled- 19 -LRB100 11266 AWJ 21602 b
1 by the City of LaSalle.
2 (140) If the ordinance was adopted on December 23, 1997
3 by the Village of Dieterich.
4 (141) If the ordinance was adopted on February 10, 2016
5 by the Village of Rosemont to create the Balmoral/Pearl TIF
6 No. 8 Tax Increment Financing Redevelopment Project Area.
7 (142) (132) If the ordinance was adopted on June 11,
8 2002 by the City of Oak Forest.
9 (143) If the ordinance was adopted on December 21, 1994
10 by the City of Calumet City.
11 (d) For redevelopment project areas for which bonds were
12issued before July 29, 1991, or for which contracts were
13entered into before June 1, 1988, in connection with a
14redevelopment project in the area within the State Sales Tax
15Boundary, the estimated dates of completion of the
16redevelopment project and retirement of obligations to finance
17redevelopment project costs (including refunding bonds under
18Section 11-74.4-7) may be extended by municipal ordinance to
19December 31, 2013. The termination procedures of subsection (b)
20of Section 11-74.4-8 are not required for these redevelopment
21project areas in 2009 but are required in 2013. The extension
22allowed by Public Act 87-1272 shall not apply to real property
23tax increment allocation financing under Section 11-74.4-8.
24 (e) Those dates, for purposes of real property tax
25increment allocation financing pursuant to Section 11-74.4-8
26only, shall be not more than 35 years for redevelopment project

SB1775 Enrolled- 20 -LRB100 11266 AWJ 21602 b
1areas that were adopted on or after December 16, 1986 and for
2which at least $8 million worth of municipal bonds were
3authorized on or after December 19, 1989 but before January 1,
41990; provided that the municipality elects to extend the life
5of the redevelopment project area to 35 years by the adoption
6of an ordinance after at least 14 but not more than 30 days'
7written notice to the taxing bodies, that would otherwise
8constitute the joint review board for the redevelopment project
9area, before the adoption of the ordinance.
10 (f) Those dates, for purposes of real property tax
11increment allocation financing pursuant to Section 11-74.4-8
12only, shall be not more than 35 years for redevelopment project
13areas that were established on or after December 1, 1981 but
14before January 1, 1982 and for which at least $1,500,000 worth
15of tax increment revenue bonds were authorized on or after
16September 30, 1990 but before July 1, 1991; provided that the
17municipality elects to extend the life of the redevelopment
18project area to 35 years by the adoption of an ordinance after
19at least 14 but not more than 30 days' written notice to the
20taxing bodies, that would otherwise constitute the joint review
21board for the redevelopment project area, before the adoption
22of the ordinance.
23 (f-5) Those dates, for purposes of real property tax
24increment allocation financing pursuant to Section 11-74.4-8
25only, shall be not more than 47 years for redevelopment project
26areas that were established on December 29, 1981 by the City of

SB1775 Enrolled- 21 -LRB100 11266 AWJ 21602 b
1Springfield; provided that (i) the City city of Springfield
2adopts an ordinance extending the life of the redevelopment
3project area to 47 years and (ii) the City of Springfield
4provides notice to the taxing bodies that would otherwise
5constitute the joint review board for the redevelopment project
6area not more than 30 and not less than 14 days prior to the
7adoption of that ordinance.
8 (g) In consolidating the material relating to completion
9dates from Sections 11-74.4-3 and 11-74.4-7 into this Section,
10it is not the intent of the General Assembly to make any
11substantive change in the law, except for the extension of the
12completion dates for the City of Aurora, the Village of Milan,
13the City of West Frankfort, the Village of Libertyville, and
14the Village of Hoffman Estates set forth under items (67),
15(68), (69), (70), and (71) of subsection (c) of this Section.
16(Source: P.A. 98-109, eff. 7-25-13; 98-135, eff. 8-2-13;
1798-230, eff. 8-9-13; 98-463, eff. 8-16-13; 98-614, eff.
1812-27-13; 98-667, eff. 6-25-14; 98-889, eff. 8-15-14; 98-893,
19eff. 8-15-14; 98-1064, eff. 8-26-14; 98-1136, eff. 12-29-14;
2098-1153, eff. 1-9-15; 98-1157, eff. 1-9-15; 98-1159, eff.
211-9-15; 99-78, eff. 7-20-15; 99-136, eff. 7-24-15; 99-263, eff.
228-4-15; 99-361, eff. 1-1-16; 99-394, eff. 8-18-15; 99-495, eff.
2312-17-15; 99-508, eff. 6-24-16; 99-792, eff. 8-12-16; revised
249-22-16.)
25 Section 99. Effective date. This Act takes effect upon
26becoming law.
feedback