Bill Text: IL SB3847 | 2019-2020 | 101st General Assembly | Introduced

---

Bill Title: Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Extends the estimated dates of completion of a redevelopment project and the retirement of obligations issued to finance redevelopment project costs for an ordinance adopted on April 4, 2000 by the City of Joliet to create the Joliet City Center TIF District, but only if the City of Joliet and the Village of Elwood first reach a boundary agreement. Effective immediately.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2021-01-13 - Session Sine Die [SB3847 Detail]

Download: Illinois-2019-SB3847-Introduced.html

---

101ST GENERAL ASSEMBLY State of Illinois 2019 and 2020 SB3847 Introduced 2/14/2020, by Sen. Pat McGuire SYNOPSIS AS INTRODUCED:
65 ILCS 5/11-74.4-3.5
Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Extends the estimated dates of completion of a redevelopment project and the retirement of obligations issued to finance redevelopment project costs for an ordinance adopted on April 4, 2000 by the City of Joliet to create the Joliet City Center TIF District, but only if the City of Joliet and the Village of Elwood first reach a boundary agreement. Effective immediately.
LRB101 20309 AWJ 69852 b
A BILL FOR
SB3847 LRB101 20309 AWJ 69852 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.
(a-5) If the redevelopment project area is located within a
transit facility improvement area established pursuant to
Section 11-74.4-3, the estimated dates of completion of the
redevelopment project and retirement of obligations issued to

SB3847 - 2 - LRB101 20309 AWJ 69852 b
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.
(a-7) A municipality may adopt tax increment financing for
a redevelopment project area located in a transit facility
improvement area that also includes real property located
within an existing redevelopment project area established
prior to August 12, 2016 (the effective date of Public Act
99-792). In such case: (i) the provisions of this Division
shall apply with respect to the previously established
redevelopment project area until the municipality adopts, as
required in accordance with applicable provisions of this
Division, an ordinance dissolving the special tax allocation
fund for such redevelopment project area and terminating the
designation of such redevelopment project area as a
redevelopment project area; and (ii) after the effective date
of the ordinance described in (i), the provisions of this
Division shall apply with respect to the subsequently
established redevelopment project area located in a transit
facility improvement area.
(b) The estimated dates of completion of the redevelopment
project and retirement of obligations issued to finance

SB3847 - 3 - LRB101 20309 AWJ 69852 b
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

SB3847 - 4 - LRB101 20309 AWJ 69852 b
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

SB3847 - 5 - LRB101 20309 AWJ 69852 b
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

SB3847 - 6 - LRB101 20309 AWJ 69852 b
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.

SB3847 - 7 - LRB101 20309 AWJ 69852 b
(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.

SB3847 - 8 - LRB101 20309 AWJ 69852 b
(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.

SB3847 - 9 - LRB101 20309 AWJ 69852 b
(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.

SB3847 - 10 - LRB101 20309 AWJ 69852 b
(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.

SB3847 - 11 - LRB101 20309 AWJ 69852 b
(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.

SB3847 - 12 - LRB101 20309 AWJ 69852 b
(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.
(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.

SB3847 - 13 - LRB101 20309 AWJ 69852 b
(103) If the ordinance was adopted on January 28, 1992
by the City of East Peoria.
(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.
(112) If the ordinance was adopted on February 28, 2000
by the City of Harvey.

SB3847 - 14 - LRB101 20309 AWJ 69852 b
(113) If the ordinance was adopted on January 11, 1991
by the City of Chicago to create the Read/Dunning TIF
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.
(115) If the ordinance was adopted on December 4, 2007
by the City of Naperville.
(116) If the ordinance was adopted on July 1, 2002 by
the Village of Arlington Heights.
(117) If the ordinance was adopted on February 11, 1991
by the Village of Machesney Park.
(118) If the ordinance was adopted on December 29, 1993
by the City of Ottawa.
(119) If the ordinance was adopted on June 4, 1991 by
the Village of Lansing.
(120) If the ordinance was adopted on February 10, 2004
by the Village of Fox Lake.
(121) If the ordinance was adopted on December 22, 1992
by the City of Fairfield.
(122) If the ordinance was adopted on February 10, 1992
by the City of Mt. Sterling.
(123) If the ordinance was adopted on March 15, 2004 by
the City of Batavia.
(124) If the ordinance was adopted on March 18, 2002 by
the Village of Lake Zurich.

SB3847 - 15 - LRB101 20309 AWJ 69852 b
(125) If the ordinance was adopted on September 23,
1997 by the City of Granite City.
(126) If the ordinance was adopted on May 8, 2013 by
the Village of Rosemont to create the Higgins Road/River
Road TIF District No. 6.
(127) If the ordinance was adopted on November 22, 1993
by the City of Arcola.
(128) If the ordinance was adopted on September 7, 2004
by the City of Arcola.
(129) If the ordinance was adopted on November 29, 1999
by the City of Paris.
(130) If the ordinance was adopted on September 20,
1994 by the City of Ottawa to create the U.S. Route 6 East
Ottawa TIF.
(131) If the ordinance was adopted on May 2, 2002 by
the Village of Crestwood.
(132) If the ordinance was adopted on October 27, 1992
by the City of Blue Island.
(133) If the ordinance was adopted on December 23, 1993
by the City of Lacon.
(134) If the ordinance was adopted on May 4, 1998 by
the Village of Bradford.
(135) If the ordinance was adopted on June 11, 2002 by
the City of Oak Forest.
(136) If the ordinance was adopted on November 16, 1992
by the City of Pinckneyville.

SB3847 - 16 - LRB101 20309 AWJ 69852 b
(137) If the ordinance was adopted on March 1, 2001 by
the Village of South Jacksonville.
(138) If the ordinance was adopted on February 26, 1992
by the City of Chicago to create the Stockyards Southeast
Quadrant TIF District.
(139) If the ordinance was adopted on January 25, 1993
by the City of LaSalle.
(140) If the ordinance was adopted on December 23, 1997
by the Village of Dieterich.
(141) If the ordinance was adopted on February 10, 2016
by the Village of Rosemont to create the Balmoral/Pearl TIF
No. 8 Tax Increment Financing Redevelopment Project Area.
(142) If the ordinance was adopted on June 11, 2002 by
the City of Oak Forest.
(143) If the ordinance was adopted on January 31, 1995
by the Village of Milledgeville.
(144) If the ordinance was adopted on February 5, 1996
by the Village of Pearl City.
(145) If the ordinance was adopted on December 21, 1994
by the City of Calumet City.
(146) If the ordinance was adopted on May 5, 2003 by
the Town of Normal.
(147) If the ordinance was adopted on June 2, 1998 by
the City of Litchfield.
(148) If the ordinance was adopted on October 23, 1995
by the City of Marion.

SB3847 - 17 - LRB101 20309 AWJ 69852 b
(149) If the ordinance was adopted on May 24, 2001 by
the Village of Hanover Park.
(150) If the ordinance was adopted on May 30, 1995 by
the Village of Dalzell.
(151) If the ordinance was adopted on April 15, 1997 by
the City of Edwardsville.
(152) If the ordinance was adopted on September 5, 1995
by the City of Granite City.
(153) If the ordinance was adopted on June 21, 1999 by
the Village of Table Grove.
(154) If the ordinance was adopted on February 23, 1995
by the City of Springfield.
(155) If the ordinance was adopted on August 11, 1999
by the City of Monmouth.
(156) If the ordinance was adopted on December 26, 1995
by the Village of Posen.
(157) If the ordinance was adopted on July 1, 1995 by
the Village of Caseyville.
(158) If the ordinance was adopted on January 30, 1996
by the City of Madison.
(159) If the ordinance was adopted on February 2, 1996
by the Village of Hartford.
(160) If the ordinance was adopted on July 2, 1996 by
the Village of Manlius.
(161) If the ordinance was adopted on March 21, 2000 by
the City of Hoopeston.

SB3847 - 18 - LRB101 20309 AWJ 69852 b
(162) If the ordinance was adopted on March 22, 2005 by
the City of Hoopeston.
(163) If the ordinance was adopted on July 10, 1996 by
the City of Chicago to create the Goose Island TIF
District.
(164) If the ordinance was adopted on December 11, 1996
by the City of Chicago to create the Bryn Mawr/Broadway TIF
District.
(165) If the ordinance was adopted on December 31, 1995
by the City of Chicago to create the 95th/Western TIF
District.
(166) If the ordinance was adopted on October 7, 1998
by the City of Chicago to create the 71st and Stony Island
TIF District.
(167) If the ordinance was adopted on April 19, 1995 by
the Village of North Utica.
(168) If the ordinance was adopted on April 22, 1996 by
the City of LaSalle.
(169) If the ordinance was adopted on June 9, 2008 by
the City of Country Club Hills.
(170) If the ordinance was adopted on July 3, 1996 by
the Village of Phoenix.
(171) If the ordinance was adopted on May 19, 1997 by
the Village of Swansea.
(172) If the ordinance was adopted on August 13, 2001
by the Village of Saunemin.

SB3847 - 19 - LRB101 20309 AWJ 69852 b
(173) If the ordinance was adopted on January 10, 2005
by the Village of Romeoville.
(174) If the ordinance was adopted on January 28, 1997
by the City of Berwyn for the South Berwyn Corridor Tax
Increment Financing District.
(175) If the ordinance was adopted on January 28, 1997
by the City of Berwyn for the Roosevelt Road Tax Increment
Financing District.
(176) If the ordinance was adopted on May 3, 2001 by
the Village of Hanover Park for the Village Center Tax
Increment Financing Redevelopment Project Area (TIF # 3).
(177) If the ordinance was adopted on January 1, 1996
by the City of Savanna.
(178) If the ordinance was adopted on April 4, 2000 by
the City of Joliet to create the Joliet City Center TIF
District, but only if the City of Joliet and the Village of
Elwood first reach a boundary agreement.
(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)

SB3847 - 20 - LRB101 20309 AWJ 69852 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

SB3847 - 21 - LRB101 20309 AWJ 69852 b
taxing bodies, that would otherwise constitute the joint review
board for the redevelopment project area, before the adoption
of the ordinance.
(f-5) Those dates, for purposes of real property tax
increment allocation financing pursuant to Section 11-74.4-8
only, shall be not more than 47 years for redevelopment project
areas that were established on December 29, 1981 by the City of
Springfield; provided that (i) the City of Springfield adopts
an ordinance extending the life of the redevelopment project
area to 47 years and (ii) the City of Springfield provides
notice to the taxing bodies that would otherwise constitute the
joint review board for the redevelopment project area not more
than 30 and not less than 14 days prior to the adoption of that
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. 100-201, eff. 8-18-17; 100-214, eff. 8-18-17;
100-249, eff. 8-22-17; 100-510, eff. 9-15-17; 100-591, eff.
6-21-18; 100-609, eff. 7-17-18; 100-836, eff. 8-13-18;
100-853, eff. 8-14-18; 100-859, eff. 8-14-18; 100-863, eff.

SB3847 - 22 - LRB101 20309 AWJ 69852 b
8-14-18; 100-873, eff. 8-14-18; 100-899, eff. 8-17-18;
100-928, eff. 8-17-18; 100-967, eff. 8-19-18; 100-1031, eff.
8-22-18; 100-1032, eff. 8-22-18; 100-1164, eff. 12-27-18;
101-274, eff. 8-9-19; 101-618, eff. 12-20-19.)
Section 99. Effective date. This Act takes effect upon
becoming law.