103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 SB1391 Introduced 2/6/2023, by Sen. Ann Gillespie SYNOPSIS AS INTRODUCED: 65 ILCS 5/11-74.4-3 from Ch. 24, par. 11-74.4-3 65 ILCS 5/11-74.4-3.5 65 ILCS 5/11-74.4-5 from Ch. 24, par. 11-74.4-5 65 ILCS 5/11-74.4-7 from Ch. 24, par. 11-74.4-7 65 ILCS 5/11-74.4-8 from Ch. 24, par. 11-74.4-8 Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Modifies factors used by a municipality to determine if an area is a blighted area or a conservation area to be included in the area of a redevelopment project area when establishing the area. Provides that a new redevelopment project area shall have a completion date no later than December 31st of the 20th year after the ordinance was adopted (rather than the 23rd year), and provides that the redevelopment project area may be extended, with the approval of each member of the joint review board, only 2 additional years (rather than extended to the 35th year and extended again to the 47th year). Provides that a municipality may not approve redevelopment project areas or expansions of redevelopment project areas that overlap with an existing redevelopment project area. Provides that 10% of moneys deposited into the special tax allocation fund shall be transferred to the local chamber of commerce or chambers of commerce representing the redevelopment project area for the chamber or chambers of commerce to use for grants to businesses that employee fewer than 50 full-time employees if the business moves within the redevelopment project area. Provides that moneys transferred to a chamber of commerce not used or pledged within one year of transfer of the moneys shall be returned to the municipality and are designated surplus funds of the redevelopment project area. Adds nonvoting members to joint review boards. Provides that, if a school district or community college district does not approve of the creation of a redevelopment project area, then the portion of the taxes attributable to the increase in the current equalized assessed valuation which would be payable to the nonconsenting district shall be paid to that district. Effective immediately. LRB103 29120 AWJ 55506 b A BILL FOR 103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 SB1391 Introduced 2/6/2023, by Sen. Ann Gillespie SYNOPSIS AS INTRODUCED: 65 ILCS 5/11-74.4-3 from Ch. 24, par. 11-74.4-3 65 ILCS 5/11-74.4-3.5 65 ILCS 5/11-74.4-5 from Ch. 24, par. 11-74.4-5 65 ILCS 5/11-74.4-7 from Ch. 24, par. 11-74.4-7 65 ILCS 5/11-74.4-8 from Ch. 24, par. 11-74.4-8 65 ILCS 5/11-74.4-3 from Ch. 24, par. 11-74.4-3 65 ILCS 5/11-74.4-3.5 65 ILCS 5/11-74.4-5 from Ch. 24, par. 11-74.4-5 65 ILCS 5/11-74.4-7 from Ch. 24, par. 11-74.4-7 65 ILCS 5/11-74.4-8 from Ch. 24, par. 11-74.4-8 Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Modifies factors used by a municipality to determine if an area is a blighted area or a conservation area to be included in the area of a redevelopment project area when establishing the area. Provides that a new redevelopment project area shall have a completion date no later than December 31st of the 20th year after the ordinance was adopted (rather than the 23rd year), and provides that the redevelopment project area may be extended, with the approval of each member of the joint review board, only 2 additional years (rather than extended to the 35th year and extended again to the 47th year). Provides that a municipality may not approve redevelopment project areas or expansions of redevelopment project areas that overlap with an existing redevelopment project area. Provides that 10% of moneys deposited into the special tax allocation fund shall be transferred to the local chamber of commerce or chambers of commerce representing the redevelopment project area for the chamber or chambers of commerce to use for grants to businesses that employee fewer than 50 full-time employees if the business moves within the redevelopment project area. Provides that moneys transferred to a chamber of commerce not used or pledged within one year of transfer of the moneys shall be returned to the municipality and are designated surplus funds of the redevelopment project area. Adds nonvoting members to joint review boards. Provides that, if a school district or community college district does not approve of the creation of a redevelopment project area, then the portion of the taxes attributable to the increase in the current equalized assessed valuation which would be payable to the nonconsenting district shall be paid to that district. Effective immediately. LRB103 29120 AWJ 55506 b LRB103 29120 AWJ 55506 b A BILL FOR 103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 SB1391 Introduced 2/6/2023, by Sen. Ann Gillespie SYNOPSIS AS INTRODUCED: 65 ILCS 5/11-74.4-3 from Ch. 24, par. 11-74.4-3 65 ILCS 5/11-74.4-3.5 65 ILCS 5/11-74.4-5 from Ch. 24, par. 11-74.4-5 65 ILCS 5/11-74.4-7 from Ch. 24, par. 11-74.4-7 65 ILCS 5/11-74.4-8 from Ch. 24, par. 11-74.4-8 65 ILCS 5/11-74.4-3 from Ch. 24, par. 11-74.4-3 65 ILCS 5/11-74.4-3.5 65 ILCS 5/11-74.4-5 from Ch. 24, par. 11-74.4-5 65 ILCS 5/11-74.4-7 from Ch. 24, par. 11-74.4-7 65 ILCS 5/11-74.4-8 from Ch. 24, par. 11-74.4-8 65 ILCS 5/11-74.4-3 from Ch. 24, par. 11-74.4-3 65 ILCS 5/11-74.4-3.5 65 ILCS 5/11-74.4-5 from Ch. 24, par. 11-74.4-5 65 ILCS 5/11-74.4-7 from Ch. 24, par. 11-74.4-7 65 ILCS 5/11-74.4-8 from Ch. 24, par. 11-74.4-8 Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Modifies factors used by a municipality to determine if an area is a blighted area or a conservation area to be included in the area of a redevelopment project area when establishing the area. Provides that a new redevelopment project area shall have a completion date no later than December 31st of the 20th year after the ordinance was adopted (rather than the 23rd year), and provides that the redevelopment project area may be extended, with the approval of each member of the joint review board, only 2 additional years (rather than extended to the 35th year and extended again to the 47th year). Provides that a municipality may not approve redevelopment project areas or expansions of redevelopment project areas that overlap with an existing redevelopment project area. Provides that 10% of moneys deposited into the special tax allocation fund shall be transferred to the local chamber of commerce or chambers of commerce representing the redevelopment project area for the chamber or chambers of commerce to use for grants to businesses that employee fewer than 50 full-time employees if the business moves within the redevelopment project area. Provides that moneys transferred to a chamber of commerce not used or pledged within one year of transfer of the moneys shall be returned to the municipality and are designated surplus funds of the redevelopment project area. Adds nonvoting members to joint review boards. Provides that, if a school district or community college district does not approve of the creation of a redevelopment project area, then the portion of the taxes attributable to the increase in the current equalized assessed valuation which would be payable to the nonconsenting district shall be paid to that district. Effective immediately. LRB103 29120 AWJ 55506 b LRB103 29120 AWJ 55506 b LRB103 29120 AWJ 55506 b A BILL FOR SB1391LRB103 29120 AWJ 55506 b SB1391 LRB103 29120 AWJ 55506 b SB1391 LRB103 29120 AWJ 55506 b 1 AN ACT concerning local government. 2 Be it enacted by the People of the State of Illinois, 3 represented in the General Assembly: 4 Section 5. The Illinois Municipal Code is amended by 5 changing Sections 11-74.4-3, 11-74.4-3.5, 11-74.4-5, 6 11-74.4-7, and 11-74.4-8 as follows: 7 (65 ILCS 5/11-74.4-3) (from Ch. 24, par. 11-74.4-3) 8 Sec. 11-74.4-3. Definitions. The following terms, wherever 9 used or referred to in this Division 74.4 shall have the 10 following respective meanings, unless in any case a different 11 meaning clearly appears from the context. 12 (a) For any redevelopment project area that has been 13 designated pursuant to this Section by an ordinance adopted 14 prior to the effective date of this amendatory Act of the 103rd 15 General Assembly November 1, 1999 (the effective date of 16 Public Act 91-478), "blighted area" shall have the meaning set 17 forth in this Section prior to that date. 18 On and after the effective date of this amendatory Act of 19 the 103rd General Assembly November 1, 1999, "blighted area" 20 means any improved or vacant area within the boundaries of a 21 redevelopment project area located within the territorial 22 limits of the municipality where: 23 (1) If improved, industrial, commercial, and 103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 SB1391 Introduced 2/6/2023, by Sen. Ann Gillespie SYNOPSIS AS INTRODUCED: 65 ILCS 5/11-74.4-3 from Ch. 24, par. 11-74.4-3 65 ILCS 5/11-74.4-3.5 65 ILCS 5/11-74.4-5 from Ch. 24, par. 11-74.4-5 65 ILCS 5/11-74.4-7 from Ch. 24, par. 11-74.4-7 65 ILCS 5/11-74.4-8 from Ch. 24, par. 11-74.4-8 65 ILCS 5/11-74.4-3 from Ch. 24, par. 11-74.4-3 65 ILCS 5/11-74.4-3.5 65 ILCS 5/11-74.4-5 from Ch. 24, par. 11-74.4-5 65 ILCS 5/11-74.4-7 from Ch. 24, par. 11-74.4-7 65 ILCS 5/11-74.4-8 from Ch. 24, par. 11-74.4-8 65 ILCS 5/11-74.4-3 from Ch. 24, par. 11-74.4-3 65 ILCS 5/11-74.4-3.5 65 ILCS 5/11-74.4-5 from Ch. 24, par. 11-74.4-5 65 ILCS 5/11-74.4-7 from Ch. 24, par. 11-74.4-7 65 ILCS 5/11-74.4-8 from Ch. 24, par. 11-74.4-8 Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Modifies factors used by a municipality to determine if an area is a blighted area or a conservation area to be included in the area of a redevelopment project area when establishing the area. Provides that a new redevelopment project area shall have a completion date no later than December 31st of the 20th year after the ordinance was adopted (rather than the 23rd year), and provides that the redevelopment project area may be extended, with the approval of each member of the joint review board, only 2 additional years (rather than extended to the 35th year and extended again to the 47th year). Provides that a municipality may not approve redevelopment project areas or expansions of redevelopment project areas that overlap with an existing redevelopment project area. Provides that 10% of moneys deposited into the special tax allocation fund shall be transferred to the local chamber of commerce or chambers of commerce representing the redevelopment project area for the chamber or chambers of commerce to use for grants to businesses that employee fewer than 50 full-time employees if the business moves within the redevelopment project area. Provides that moneys transferred to a chamber of commerce not used or pledged within one year of transfer of the moneys shall be returned to the municipality and are designated surplus funds of the redevelopment project area. Adds nonvoting members to joint review boards. Provides that, if a school district or community college district does not approve of the creation of a redevelopment project area, then the portion of the taxes attributable to the increase in the current equalized assessed valuation which would be payable to the nonconsenting district shall be paid to that district. Effective immediately. LRB103 29120 AWJ 55506 b LRB103 29120 AWJ 55506 b LRB103 29120 AWJ 55506 b A BILL FOR 65 ILCS 5/11-74.4-3 from Ch. 24, par. 11-74.4-3 65 ILCS 5/11-74.4-3.5 65 ILCS 5/11-74.4-5 from Ch. 24, par. 11-74.4-5 65 ILCS 5/11-74.4-7 from Ch. 24, par. 11-74.4-7 65 ILCS 5/11-74.4-8 from Ch. 24, par. 11-74.4-8 LRB103 29120 AWJ 55506 b SB1391 LRB103 29120 AWJ 55506 b SB1391- 2 -LRB103 29120 AWJ 55506 b SB1391 - 2 - LRB103 29120 AWJ 55506 b SB1391 - 2 - LRB103 29120 AWJ 55506 b 1 residential buildings or improvements are detrimental to 2 the public safety, health, or welfare because of a 3 combination of 6 5 or more of the following factors, each 4 of which is (i) present, with that presence documented, to 5 a meaningful extent so that a municipality may reasonably 6 find that the factor is clearly present within the intent 7 of the Act and (ii) reasonably distributed throughout the 8 improved part of the redevelopment project area: 9 (A) (Blank). Dilapidation. An advanced state of 10 disrepair or neglect of necessary repairs to the 11 primary structural components of buildings or 12 improvements in such a combination that a documented 13 building condition analysis determines that major 14 repair is required or the defects are so serious and so 15 extensive that the buildings must be removed. 16 (B) Obsolescence. A state of functional, economic, 17 or physical obsolescence of buildings or improvements 18 that a documented analysis determines does not meet or 19 sustain current technological needs such as fiber 20 optic, broadband, or other critical utility 21 infrastructure. The condition or process of falling 22 into disuse. Structures have become ill-suited for the 23 original use. 24 (C) Deterioration. At least 25% of structures in 25 the redevelopment project area have major defects in 26 the secondary building components, including, but not SB1391 - 2 - LRB103 29120 AWJ 55506 b SB1391- 3 -LRB103 29120 AWJ 55506 b SB1391 - 3 - LRB103 29120 AWJ 55506 b SB1391 - 3 - LRB103 29120 AWJ 55506 b 1 limited to, With respect to buildings, defects 2 including, but not limited to, major defects in the 3 secondary building components such as doors, windows, 4 porches, gutters and downspouts, and fascia. With 5 respect to surface improvements, that the condition of 6 roadways, alleys, curbs, gutters, sidewalks, 7 off-street parking, and surface storage areas evidence 8 deterioration, including, but not limited to, surface 9 cracking, crumbling, potholes, depressions, loose 10 paving material, and weeds protruding through paved 11 surfaces. 12 (D) Presence of structures below minimum code 13 standards. Over 25% of All structures that do not meet 14 the standards of zoning, subdivision, building, fire, 15 and other governmental codes applicable to property, 16 but not including housing and property maintenance 17 codes. 18 (E) (Blank). Illegal use of individual structures. 19 The use of structures in violation of applicable 20 federal, State, or local laws, exclusive of those 21 applicable to the presence of structures below minimum 22 code standards. 23 (F) Excessive vacancies. At least 25% of buildings 24 have been unoccupied by businesses or housing 25 residents for at least one year The presence of 26 buildings that are unoccupied or under-utilized and SB1391 - 3 - LRB103 29120 AWJ 55506 b SB1391- 4 -LRB103 29120 AWJ 55506 b SB1391 - 4 - LRB103 29120 AWJ 55506 b SB1391 - 4 - LRB103 29120 AWJ 55506 b 1 that represent an adverse influence on the area 2 because of the frequency, extent, or duration of the 3 vacancies. 4 (G) (Blank). Lack of ventilation, light, or 5 sanitary facilities. The absence of adequate 6 ventilation for light or air circulation in spaces or 7 rooms without windows, or that require the removal of 8 dust, odor, gas, smoke, or other noxious airborne 9 materials. Inadequate natural light and ventilation 10 means the absence of skylights or windows for interior 11 spaces or rooms and improper window sizes and amounts 12 by room area to window area ratios. Inadequate 13 sanitary facilities refers to the absence or 14 inadequacy of garbage storage and enclosure, bathroom 15 facilities, hot water and kitchens, and structural 16 inadequacies preventing ingress and egress to and from 17 all rooms and units within a building. 18 (H) Inadequate utilities. Underground and overhead 19 utilities such as storm sewers and storm drainage, 20 sanitary sewers, water lines, and gas, telephone, and 21 electrical services that are shown to be inadequate. 22 Inadequate utilities are those that are: (i) of 23 insufficient capacity to serve the uses in the 24 redevelopment project area, (ii) deteriorated, 25 antiquated, obsolete, or in disrepair, or (iii) 26 lacking within the redevelopment project area. SB1391 - 4 - LRB103 29120 AWJ 55506 b SB1391- 5 -LRB103 29120 AWJ 55506 b SB1391 - 5 - LRB103 29120 AWJ 55506 b SB1391 - 5 - LRB103 29120 AWJ 55506 b 1 (I) Excessive land coverage and overcrowding of 2 structures and community facilities. The 3 over-intensive use of property and the crowding of 4 buildings and accessory facilities onto a site. 5 Examples of problem conditions warranting the 6 designation of an area as one exhibiting excessive 7 land coverage are: (i) the presence of buildings 8 either improperly situated on parcels or located on 9 parcels of inadequate size and shape in relation to 10 present-day standards of development for health and 11 safety and (ii) the presence of multiple buildings on 12 a single parcel. For there to be a finding of excessive 13 land coverage, these parcels must exhibit one or more 14 of the following conditions: insufficient provision 15 for light and air within or around buildings, 16 increased threat of spread of fire due to the close 17 proximity of buildings, lack of adequate or proper 18 access to a public right-of-way, lack of reasonably 19 required off-street parking, or inadequate provision 20 for loading and service. 21 (J) (Blank). Deleterious land use or layout. The 22 existence of incompatible land-use relationships, 23 buildings occupied by inappropriate mixed-uses, or 24 uses considered to be noxious, offensive, or 25 unsuitable for the surrounding area. 26 (K) Environmental clean-up. The proposed SB1391 - 5 - LRB103 29120 AWJ 55506 b SB1391- 6 -LRB103 29120 AWJ 55506 b SB1391 - 6 - LRB103 29120 AWJ 55506 b SB1391 - 6 - LRB103 29120 AWJ 55506 b 1 redevelopment project area has incurred Illinois 2 Environmental Protection Agency or United States 3 Environmental Protection Agency remediation costs for, 4 or a study conducted by an independent consultant 5 recognized as having expertise in environmental 6 remediation has determined a need for, the clean-up of 7 hazardous waste, hazardous substances, or underground 8 storage tanks required by State or federal law, 9 provided that the remediation costs constitute a 10 material impediment to the development or 11 redevelopment of the redevelopment project area. 12 (L) (Blank). Lack of community planning. The 13 proposed redevelopment project area was developed 14 prior to or without the benefit or guidance of a 15 community plan. This means that the development 16 occurred prior to the adoption by the municipality of 17 a comprehensive or other community plan or that the 18 plan was not followed at the time of the area's 19 development. This factor must be documented by 20 evidence of adverse or incompatible land-use 21 relationships, inadequate street layout, improper 22 subdivision, parcels of inadequate shape and size to 23 meet contemporary development standards, or other 24 evidence demonstrating an absence of effective 25 community planning. 26 (M) The total equalized assessed value of the SB1391 - 6 - LRB103 29120 AWJ 55506 b SB1391- 7 -LRB103 29120 AWJ 55506 b SB1391 - 7 - LRB103 29120 AWJ 55506 b SB1391 - 7 - LRB103 29120 AWJ 55506 b 1 proposed redevelopment project area has declined for 6 2 3 of the last 10 5 calendar years prior to the year in 3 which the redevelopment project area is designated or 4 is increasing at an annual rate that is less than the 5 balance of the municipality for 3 of the last 5 6 calendar years for which information is available or 7 is increasing at an annual rate that is less than the 8 Consumer Price Index for All Urban Consumers published 9 by the United States Department of Labor or successor 10 agency for 3 of the last 5 calendar years prior to the 11 year in which the redevelopment project area is 12 designated. 13 (N) Refusal by Developers. The municipality 14 provides more than one documented refusal of 15 developers to bid on property in the redevelopment 16 area within the previous 5 years. 17 (O) The proposed redevelopment project area has 18 experienced a net loss of 25% or more of businesses 19 over the past 10 years. For the purposes of this 20 subparagraph, "net loss" means a reduction in the 21 total number of businesses operating due to conditions 22 including, but not limited to, business closure, 23 bankruptcy, or migration out of the redevelopment 24 project area. 25 (2) If vacant, the sound growth of the redevelopment 26 project area is impaired by a combination of one 2 or more SB1391 - 7 - LRB103 29120 AWJ 55506 b SB1391- 8 -LRB103 29120 AWJ 55506 b SB1391 - 8 - LRB103 29120 AWJ 55506 b SB1391 - 8 - LRB103 29120 AWJ 55506 b 1 of the following factors, each of which is (i) present, 2 with that presence documented, to a meaningful extent so 3 that a municipality may reasonably find that the factor is 4 clearly present within the intent of the Act and (ii) 5 reasonably distributed throughout the vacant part of the 6 redevelopment project area to which it pertains: 7 (A) (Blank). Obsolete platting of vacant land that 8 results in parcels of limited or narrow size or 9 configurations of parcels of irregular size or shape 10 that would be difficult to develop on a planned basis 11 and in a manner compatible with contemporary standards 12 and requirements, or platting that failed to create 13 rights-of-ways for streets or alleys or that created 14 inadequate right-of-way widths for streets, alleys, or 15 other public rights-of-way or that omitted easements 16 for public utilities. 17 (B) (Blank). Diversity of ownership of parcels of 18 vacant land sufficient in number to retard or impede 19 the ability to assemble the land for development. 20 (C) Tax and special assessment delinquencies exist 21 or the property has been the subject of tax sales under 22 the Property Tax Code within the last 5 years. 23 (D) (Blank). Deterioration of structures or site 24 improvements in neighboring areas adjacent to the 25 vacant land. 26 (E) The area has incurred Illinois Environmental SB1391 - 8 - LRB103 29120 AWJ 55506 b SB1391- 9 -LRB103 29120 AWJ 55506 b SB1391 - 9 - LRB103 29120 AWJ 55506 b SB1391 - 9 - LRB103 29120 AWJ 55506 b 1 Protection Agency or United States Environmental 2 Protection Agency remediation costs for, or a study 3 conducted by an independent consultant recognized as 4 having expertise in environmental remediation has 5 determined a need for, the clean-up of hazardous 6 waste, hazardous substances, or underground storage 7 tanks required by State or federal law, provided that 8 the remediation costs constitute a material impediment 9 to the development or redevelopment of the 10 redevelopment project area. 11 (F) The total equalized assessed value of the 12 proposed redevelopment project area has declined for 3 13 of the last 5 calendar years prior to the year in which 14 the redevelopment project area is designated or is 15 increasing at an annual rate that is less than the 16 balance of the municipality for 3 of the last 5 17 calendar years for which information is available or 18 is increasing at an annual rate that is at least 25% 19 less than the Consumer Price Index for All Urban 20 Consumers published by the United States Department of 21 Labor or successor agency for 3 of the last 5 calendar 22 years prior to the year in which the redevelopment 23 project area is designated. 24 (3) If vacant, the sound growth of the redevelopment 25 project area is impaired by one of the following factors 26 that (i) is present, with that presence documented, to a SB1391 - 9 - LRB103 29120 AWJ 55506 b SB1391- 10 -LRB103 29120 AWJ 55506 b SB1391 - 10 - LRB103 29120 AWJ 55506 b SB1391 - 10 - LRB103 29120 AWJ 55506 b 1 meaningful extent so that a municipality may reasonably 2 find that the factor is clearly present within the intent 3 of the Act and (ii) is reasonably distributed throughout 4 the vacant part of the redevelopment project area to which 5 it pertains: 6 (A) The area consists of one or more unused 7 quarries, mines, or strip mine ponds. 8 (B) The area consists of unused rail yards, rail 9 tracks, or railroad rights-of-way. 10 (C) The area, prior to its designation, is subject 11 to (i) chronic flooding that adversely impacts on real 12 property in the area as certified by a registered 13 professional engineer or appropriate regulatory agency 14 or (ii) surface water that discharges from all or a 15 part of the area and contributes to flooding within 16 the same watershed, but only if the redevelopment 17 project provides for facilities or improvements to 18 contribute to the alleviation of all or part of the 19 flooding. 20 (D) The area consists of an unused or illegal 21 disposal site containing earth, stone, building 22 debris, or similar materials that were removed from 23 construction, demolition, excavation, or dredge sites. 24 (E) Prior to November 1, 1999, the area is not less 25 than 50 nor more than 100 acres and 75% of which is 26 vacant (notwithstanding that the area has been used SB1391 - 10 - LRB103 29120 AWJ 55506 b SB1391- 11 -LRB103 29120 AWJ 55506 b SB1391 - 11 - LRB103 29120 AWJ 55506 b SB1391 - 11 - LRB103 29120 AWJ 55506 b 1 for commercial agricultural purposes within 5 years 2 prior to the designation of the redevelopment project 3 area), and the area meets at least one of the factors 4 itemized in paragraph (1) of this subsection, the area 5 has been designated as a town or village center by 6 ordinance or comprehensive plan adopted prior to 7 January 1, 1982, and the area has not been developed 8 for that designated purpose. 9 (F) (Blank). The area qualified as a blighted 10 improved area immediately prior to becoming vacant, 11 unless there has been substantial private investment 12 in the immediately surrounding area. 13 (b) For any redevelopment project area that has been 14 designated pursuant to this Section by an ordinance adopted 15 prior to the effective date of this amendatory Act of the 103rd 16 General Assembly November 1, 1999 (the effective date of 17 Public Act 91-478), "conservation area" shall have the meaning 18 set forth in this Section prior to that date. 19 On and after the effective date of this amendatory Act of 20 the 103rd General Assembly November 1, 1999, "conservation 21 area" means any improved area within the boundaries of a 22 redevelopment project area located within the territorial 23 limits of the municipality in which 50% or more of the 24 structures in the area have an age of 35 years or more. Such an 25 area is not yet a blighted area but because of a combination of 26 4 3 or more of the following factors is detrimental to the SB1391 - 11 - LRB103 29120 AWJ 55506 b SB1391- 12 -LRB103 29120 AWJ 55506 b SB1391 - 12 - LRB103 29120 AWJ 55506 b SB1391 - 12 - LRB103 29120 AWJ 55506 b 1 public safety, health, morals or welfare and such an area may 2 become a blighted area: 3 (1) (Blank). Dilapidation. An advanced state of 4 disrepair or neglect of necessary repairs to the primary 5 structural components of buildings or improvements in such 6 a combination that a documented building condition 7 analysis determines that major repair is required or the 8 defects are so serious and so extensive that the buildings 9 must be removed. 10 (2) Obsolescence. A state of functional, economic, or 11 physical obsolescence of buildings or improvements that a 12 documented analysis determines does not meet or sustain 13 current technological needs such as fiber optic, 14 broadband, or other critical utility infrastructure The 15 condition or process of falling into disuse. Structures 16 have become ill-suited for the original use. 17 (3) Deterioration. At least 25% of structures in the 18 redevelopment project area have major defects in the 19 secondary building components, including, but not limited 20 to, With respect to buildings, defects including, but not 21 limited to, major defects in the secondary building 22 components such as doors, windows, porches, gutters and 23 downspouts, and fascia. With respect to surface 24 improvements, that the condition of roadways, alleys, 25 curbs, gutters, sidewalks, off-street parking, and surface 26 storage areas evidence deterioration, including, but not SB1391 - 12 - LRB103 29120 AWJ 55506 b SB1391- 13 -LRB103 29120 AWJ 55506 b SB1391 - 13 - LRB103 29120 AWJ 55506 b SB1391 - 13 - LRB103 29120 AWJ 55506 b 1 limited to, surface cracking, crumbling, potholes, 2 depressions, loose paving material, and weeds protruding 3 through paved surfaces. 4 (4) Presence of structures below minimum code 5 standards. Over 25% of All structures that do not meet the 6 standards of zoning, subdivision, building, fire, and 7 other governmental codes applicable to property, but not 8 including housing and property maintenance codes. 9 (5) (Blank). Illegal use of individual structures. The 10 use of structures in violation of applicable federal, 11 State, or local laws, exclusive of those applicable to the 12 presence of structures below minimum code standards. 13 (6) Excessive vacancies. At least 25% of buildings 14 have been unoccupied by businesses or housing residents 15 for at least one year. The presence of buildings that are 16 unoccupied or under-utilized and that represent an adverse 17 influence on the area because of the frequency, extent, or 18 duration of the vacancies. 19 (7) Lack of ventilation, light, or sanitary 20 facilities. The absence of adequate ventilation for light 21 or air circulation in spaces or rooms without windows, or 22 that require the removal of dust, odor, gas, smoke, or 23 other noxious airborne materials. Inadequate natural light 24 and ventilation means the absence or inadequacy of 25 skylights or windows for interior spaces or rooms and 26 improper window sizes and amounts by room area to window SB1391 - 13 - LRB103 29120 AWJ 55506 b SB1391- 14 -LRB103 29120 AWJ 55506 b SB1391 - 14 - LRB103 29120 AWJ 55506 b SB1391 - 14 - LRB103 29120 AWJ 55506 b 1 area ratios. Inadequate sanitary facilities refers to the 2 absence or inadequacy of garbage storage and enclosure, 3 bathroom facilities, hot water and kitchens, and 4 structural inadequacies preventing ingress and egress to 5 and from all rooms and units within a building. 6 (8) Inadequate utilities. Underground and overhead 7 utilities such as storm sewers and storm drainage, 8 sanitary sewers, water lines, and gas, telephone, and 9 electrical services that are shown to be inadequate. 10 Inadequate utilities are those that are: (i) of 11 insufficient capacity to serve the uses in the 12 redevelopment project area, (ii) deteriorated, antiquated, 13 obsolete, or in disrepair, or (iii) lacking within the 14 redevelopment project area. 15 (9) Excessive land coverage and overcrowding of 16 structures and community facilities. The over-intensive 17 use of property and the crowding of buildings and 18 accessory facilities onto a site. Examples of problem 19 conditions warranting the designation of an area as one 20 exhibiting excessive land coverage are: the presence of 21 buildings either improperly situated on parcels or located 22 on parcels of inadequate size and shape in relation to 23 present-day standards of development for health and safety 24 and the presence of multiple buildings on a single parcel. 25 For there to be a finding of excessive land coverage, 26 these parcels must exhibit one or more of the following SB1391 - 14 - LRB103 29120 AWJ 55506 b SB1391- 15 -LRB103 29120 AWJ 55506 b SB1391 - 15 - LRB103 29120 AWJ 55506 b SB1391 - 15 - LRB103 29120 AWJ 55506 b 1 conditions: insufficient provision for light and air 2 within or around buildings, increased threat of spread of 3 fire due to the close proximity of buildings, lack of 4 adequate or proper access to a public right-of-way, lack 5 of reasonably required off-street parking, or inadequate 6 provision for loading and service. 7 (10) (Blank). Deleterious land use or layout. The 8 existence of incompatible land-use relationships, 9 buildings occupied by inappropriate mixed-uses, or uses 10 considered to be noxious, offensive, or unsuitable for the 11 surrounding area. 12 (11) (Blank). Lack of community planning. The proposed 13 redevelopment project area was developed prior to or 14 without the benefit or guidance of a community plan. This 15 means that the development occurred prior to the adoption 16 by the municipality of a comprehensive or other community 17 plan or that the plan was not followed at the time of the 18 area's development. This factor must be documented by 19 evidence of adverse or incompatible land-use 20 relationships, inadequate street layout, improper 21 subdivision, parcels of inadequate shape and size to meet 22 contemporary development standards, or other evidence 23 demonstrating an absence of effective community planning. 24 (12) The area has incurred Illinois Environmental 25 Protection Agency or United States Environmental 26 Protection Agency remediation costs for, or a study SB1391 - 15 - LRB103 29120 AWJ 55506 b SB1391- 16 -LRB103 29120 AWJ 55506 b SB1391 - 16 - LRB103 29120 AWJ 55506 b SB1391 - 16 - LRB103 29120 AWJ 55506 b 1 conducted by an independent consultant recognized as 2 having expertise in environmental remediation has 3 determined a need for, the clean-up of hazardous waste, 4 hazardous substances, or underground storage tanks 5 required by State or federal law, provided that the 6 remediation costs constitute a material impediment to the 7 development or redevelopment of the redevelopment project 8 area. 9 (13) The total equalized assessed value of the 10 proposed redevelopment project area has declined for 6 3 11 of the last 10 5 calendar years for which information is 12 available or is increasing at an annual rate that is less 13 than the balance of the municipality for 3 of the last 5 14 calendar years for which information is available or is 15 increasing at an annual rate that is less than the 16 Consumer Price Index for All Urban Consumers published by 17 the United States Department of Labor or successor agency 18 for 3 of the last 5 calendar years for which information is 19 available. 20 (c) "Industrial park" means an area in a blighted or 21 conservation area suitable for use by any manufacturing, 22 industrial, research or transportation enterprise, of 23 facilities to include but not be limited to factories, mills, 24 processing plants, assembly plants, packing plants, 25 fabricating plants, industrial distribution centers, 26 warehouses, repair overhaul or service facilities, freight SB1391 - 16 - LRB103 29120 AWJ 55506 b SB1391- 17 -LRB103 29120 AWJ 55506 b SB1391 - 17 - LRB103 29120 AWJ 55506 b SB1391 - 17 - LRB103 29120 AWJ 55506 b 1 terminals, research facilities, test facilities or railroad 2 facilities. 3 (d) "Industrial park conservation area" means an area 4 within the boundaries of a redevelopment project area located 5 within the territorial limits of a municipality that is a 6 labor surplus municipality or within 1 1/2 miles of the 7 territorial limits of a municipality that is a labor surplus 8 municipality if the area is annexed to the municipality; which 9 area is zoned as industrial no later than at the time the 10 municipality by ordinance designates the redevelopment project 11 area, and which area includes both vacant land suitable for 12 use as an industrial park and a blighted area or conservation 13 area contiguous to such vacant land. 14 (e) "Labor surplus municipality" means a municipality in 15 which, at any time during the 6 months before the municipality 16 by ordinance designates an industrial park conservation area, 17 the unemployment rate was over 6% and was also 100% or more of 18 the national average unemployment rate for that same time as 19 published in the United States Department of Labor Bureau of 20 Labor Statistics publication entitled "The Employment 21 Situation" or its successor publication. For the purpose of 22 this subsection, if unemployment rate statistics for the 23 municipality are not available, the unemployment rate in the 24 municipality shall be deemed to be the same as the 25 unemployment rate in the principal county in which the 26 municipality is located. SB1391 - 17 - LRB103 29120 AWJ 55506 b SB1391- 18 -LRB103 29120 AWJ 55506 b SB1391 - 18 - LRB103 29120 AWJ 55506 b SB1391 - 18 - LRB103 29120 AWJ 55506 b 1 (f) "Municipality" shall mean a city, village, 2 incorporated town, or a township that is located in the 3 unincorporated portion of a county with 3 million or more 4 inhabitants, if the county adopted an ordinance that approved 5 the township's redevelopment plan. 6 (g) "Initial Sales Tax Amounts" means the amount of taxes 7 paid under the Retailers' Occupation Tax Act, Use Tax Act, 8 Service Use Tax Act, the Service Occupation Tax Act, the 9 Municipal Retailers' Occupation Tax Act, and the Municipal 10 Service Occupation Tax Act by retailers and servicemen on 11 transactions at places located in a State Sales Tax Boundary 12 during the calendar year 1985. 13 (g-1) "Revised Initial Sales Tax Amounts" means the amount 14 of taxes paid under the Retailers' Occupation Tax Act, Use Tax 15 Act, Service Use Tax Act, the Service Occupation Tax Act, the 16 Municipal Retailers' Occupation Tax Act, and the Municipal 17 Service Occupation Tax Act by retailers and servicemen on 18 transactions at places located within the State Sales Tax 19 Boundary revised pursuant to Section 11-74.4-8a(9) of this 20 Act. 21 (h) "Municipal Sales Tax Increment" means an amount equal 22 to the increase in the aggregate amount of taxes paid to a 23 municipality from the Local Government Tax Fund arising from 24 sales by retailers and servicemen within the redevelopment 25 project area or State Sales Tax Boundary, as the case may be, 26 for as long as the redevelopment project area or State Sales SB1391 - 18 - LRB103 29120 AWJ 55506 b SB1391- 19 -LRB103 29120 AWJ 55506 b SB1391 - 19 - LRB103 29120 AWJ 55506 b SB1391 - 19 - LRB103 29120 AWJ 55506 b 1 Tax Boundary, as the case may be, exist over and above the 2 aggregate amount of taxes as certified by the Illinois 3 Department of Revenue and paid under the Municipal Retailers' 4 Occupation Tax Act and the Municipal Service Occupation Tax 5 Act by retailers and servicemen, on transactions at places of 6 business located in the redevelopment project area or State 7 Sales Tax Boundary, as the case may be, during the base year 8 which shall be the calendar year immediately prior to the year 9 in which the municipality adopted tax increment allocation 10 financing. For purposes of computing the aggregate amount of 11 such taxes for base years occurring prior to 1985, the 12 Department of Revenue shall determine the Initial Sales Tax 13 Amounts for such taxes and deduct therefrom an amount equal to 14 4% of the aggregate amount of taxes per year for each year the 15 base year is prior to 1985, but not to exceed a total deduction 16 of 12%. The amount so determined shall be known as the 17 "Adjusted Initial Sales Tax Amounts". For purposes of 18 determining the Municipal Sales Tax Increment, the Department 19 of Revenue shall for each period subtract from the amount paid 20 to the municipality from the Local Government Tax Fund arising 21 from sales by retailers and servicemen on transactions located 22 in the redevelopment project area or the State Sales Tax 23 Boundary, as the case may be, the certified Initial Sales Tax 24 Amounts, the Adjusted Initial Sales Tax Amounts or the Revised 25 Initial Sales Tax Amounts for the Municipal Retailers' 26 Occupation Tax Act and the Municipal Service Occupation Tax SB1391 - 19 - LRB103 29120 AWJ 55506 b SB1391- 20 -LRB103 29120 AWJ 55506 b SB1391 - 20 - LRB103 29120 AWJ 55506 b SB1391 - 20 - LRB103 29120 AWJ 55506 b 1 Act. For the State Fiscal Year 1989, this calculation shall be 2 made by utilizing the calendar year 1987 to determine the tax 3 amounts received. For the State Fiscal Year 1990, this 4 calculation shall be made by utilizing the period from January 5 1, 1988, until September 30, 1988, to determine the tax 6 amounts received from retailers and servicemen pursuant to the 7 Municipal Retailers' Occupation Tax and the Municipal Service 8 Occupation Tax Act, which shall have deducted therefrom 9 nine-twelfths of the certified Initial Sales Tax Amounts, the 10 Adjusted Initial Sales Tax Amounts or the Revised Initial 11 Sales Tax Amounts as appropriate. For the State Fiscal Year 12 1991, this calculation shall be made by utilizing the period 13 from October 1, 1988, to June 30, 1989, to determine the tax 14 amounts received from retailers and servicemen pursuant to the 15 Municipal Retailers' Occupation Tax and the Municipal Service 16 Occupation Tax Act which shall have deducted therefrom 17 nine-twelfths of the certified Initial Sales Tax Amounts, 18 Adjusted Initial Sales Tax Amounts or the Revised Initial 19 Sales Tax Amounts as appropriate. For every State Fiscal Year 20 thereafter, the applicable period shall be the 12 months 21 beginning July 1 and ending June 30 to determine the tax 22 amounts received which shall have deducted therefrom the 23 certified Initial Sales Tax Amounts, the Adjusted Initial 24 Sales Tax Amounts or the Revised Initial Sales Tax Amounts, as 25 the case may be. 26 (i) "Net State Sales Tax Increment" means the sum of the SB1391 - 20 - LRB103 29120 AWJ 55506 b SB1391- 21 -LRB103 29120 AWJ 55506 b SB1391 - 21 - LRB103 29120 AWJ 55506 b SB1391 - 21 - LRB103 29120 AWJ 55506 b 1 following: (a) 80% of the first $100,000 of State Sales Tax 2 Increment annually generated within a State Sales Tax 3 Boundary; (b) 60% of the amount in excess of $100,000 but not 4 exceeding $500,000 of State Sales Tax Increment annually 5 generated within a State Sales Tax Boundary; and (c) 40% of all 6 amounts in excess of $500,000 of State Sales Tax Increment 7 annually generated within a State Sales Tax Boundary. If, 8 however, a municipality established a tax increment financing 9 district in a county with a population in excess of 3,000,000 10 before January 1, 1986, and the municipality entered into a 11 contract or issued bonds after January 1, 1986, but before 12 December 31, 1986, to finance redevelopment project costs 13 within a State Sales Tax Boundary, then the Net State Sales Tax 14 Increment means, for the fiscal years beginning July 1, 1990, 15 and July 1, 1991, 100% of the State Sales Tax Increment 16 annually generated within a State Sales Tax Boundary; and 17 notwithstanding any other provision of this Act, for those 18 fiscal years the Department of Revenue shall distribute to 19 those municipalities 100% of their Net State Sales Tax 20 Increment before any distribution to any other municipality 21 and regardless of whether or not those other municipalities 22 will receive 100% of their Net State Sales Tax Increment. For 23 Fiscal Year 1999, and every year thereafter until the year 24 2007, for any municipality that has not entered into a 25 contract or has not issued bonds prior to June 1, 1988 to 26 finance redevelopment project costs within a State Sales Tax SB1391 - 21 - LRB103 29120 AWJ 55506 b SB1391- 22 -LRB103 29120 AWJ 55506 b SB1391 - 22 - LRB103 29120 AWJ 55506 b SB1391 - 22 - LRB103 29120 AWJ 55506 b 1 Boundary, the Net State Sales Tax Increment shall be 2 calculated as follows: By multiplying the Net State Sales Tax 3 Increment by 90% in the State Fiscal Year 1999; 80% in the 4 State Fiscal Year 2000; 70% in the State Fiscal Year 2001; 60% 5 in the State Fiscal Year 2002; 50% in the State Fiscal Year 6 2003; 40% in the State Fiscal Year 2004; 30% in the State 7 Fiscal Year 2005; 20% in the State Fiscal Year 2006; and 10% in 8 the State Fiscal Year 2007. No payment shall be made for State 9 Fiscal Year 2008 and thereafter. 10 Municipalities that issued bonds in connection with a 11 redevelopment project in a redevelopment project area within 12 the State Sales Tax Boundary prior to July 29, 1991, or that 13 entered into contracts in connection with a redevelopment 14 project in a redevelopment project area before June 1, 1988, 15 shall continue to receive their proportional share of the 16 Illinois Tax Increment Fund distribution until the date on 17 which the redevelopment project is completed or terminated. 18 If, however, a municipality that issued bonds in connection 19 with a redevelopment project in a redevelopment project area 20 within the State Sales Tax Boundary prior to July 29, 1991 21 retires the bonds prior to June 30, 2007 or a municipality that 22 entered into contracts in connection with a redevelopment 23 project in a redevelopment project area before June 1, 1988 24 completes the contracts prior to June 30, 2007, then so long as 25 the redevelopment project is not completed or is not 26 terminated, the Net State Sales Tax Increment shall be SB1391 - 22 - LRB103 29120 AWJ 55506 b SB1391- 23 -LRB103 29120 AWJ 55506 b SB1391 - 23 - LRB103 29120 AWJ 55506 b SB1391 - 23 - LRB103 29120 AWJ 55506 b 1 calculated, beginning on the date on which the bonds are 2 retired or the contracts are completed, as follows: By 3 multiplying the Net State Sales Tax Increment by 60% in the 4 State Fiscal Year 2002; 50% in the State Fiscal Year 2003; 40% 5 in the State Fiscal Year 2004; 30% in the State Fiscal Year 6 2005; 20% in the State Fiscal Year 2006; and 10% in the State 7 Fiscal Year 2007. No payment shall be made for State Fiscal 8 Year 2008 and thereafter. Refunding of any bonds issued prior 9 to July 29, 1991, shall not alter the Net State Sales Tax 10 Increment. 11 (j) "State Utility Tax Increment Amount" means an amount 12 equal to the aggregate increase in State electric and gas tax 13 charges imposed on owners and tenants, other than residential 14 customers, of properties located within the redevelopment 15 project area under Section 9-222 of the Public Utilities Act, 16 over and above the aggregate of such charges as certified by 17 the Department of Revenue and paid by owners and tenants, 18 other than residential customers, of properties within the 19 redevelopment project area during the base year, which shall 20 be the calendar year immediately prior to the year of the 21 adoption of the ordinance authorizing tax increment allocation 22 financing. 23 (k) "Net State Utility Tax Increment" means the sum of the 24 following: (a) 80% of the first $100,000 of State Utility Tax 25 Increment annually generated by a redevelopment project area; 26 (b) 60% of the amount in excess of $100,000 but not exceeding SB1391 - 23 - LRB103 29120 AWJ 55506 b SB1391- 24 -LRB103 29120 AWJ 55506 b SB1391 - 24 - LRB103 29120 AWJ 55506 b SB1391 - 24 - LRB103 29120 AWJ 55506 b 1 $500,000 of the State Utility Tax Increment annually generated 2 by a redevelopment project area; and (c) 40% of all amounts in 3 excess of $500,000 of State Utility Tax Increment annually 4 generated by a redevelopment project area. For the State 5 Fiscal Year 1999, and every year thereafter until the year 6 2007, for any municipality that has not entered into a 7 contract or has not issued bonds prior to June 1, 1988 to 8 finance redevelopment project costs within a redevelopment 9 project area, the Net State Utility Tax Increment shall be 10 calculated as follows: By multiplying the Net State Utility 11 Tax Increment by 90% in the State Fiscal Year 1999; 80% in the 12 State Fiscal Year 2000; 70% in the State Fiscal Year 2001; 60% 13 in the State Fiscal Year 2002; 50% in the State Fiscal Year 14 2003; 40% in the State Fiscal Year 2004; 30% in the State 15 Fiscal Year 2005; 20% in the State Fiscal Year 2006; and 10% in 16 the State Fiscal Year 2007. No payment shall be made for the 17 State Fiscal Year 2008 and thereafter. 18 Municipalities that issue bonds in connection with the 19 redevelopment project during the period from June 1, 1988 20 until 3 years after the effective date of this Amendatory Act 21 of 1988 shall receive the Net State Utility Tax Increment, 22 subject to appropriation, for 15 State Fiscal Years after the 23 issuance of such bonds. For the 16th through the 20th State 24 Fiscal Years after issuance of the bonds, the Net State 25 Utility Tax Increment shall be calculated as follows: By 26 multiplying the Net State Utility Tax Increment by 90% in year SB1391 - 24 - LRB103 29120 AWJ 55506 b SB1391- 25 -LRB103 29120 AWJ 55506 b SB1391 - 25 - LRB103 29120 AWJ 55506 b SB1391 - 25 - LRB103 29120 AWJ 55506 b 1 16; 80% in year 17; 70% in year 18; 60% in year 19; and 50% in 2 year 20. Refunding of any bonds issued prior to June 1, 1988, 3 shall not alter the revised Net State Utility Tax Increment 4 payments set forth above. 5 (l) "Obligations" mean bonds, loans, debentures, notes, 6 special certificates or other evidence of indebtedness issued 7 by the municipality to carry out a redevelopment project or to 8 refund outstanding obligations. 9 (m) "Payment in lieu of taxes" means those estimated tax 10 revenues from real property in a redevelopment project area 11 derived from real property that has been acquired by a 12 municipality which according to the redevelopment project or 13 plan is to be used for a private use which taxing districts 14 would have received had a municipality not acquired the real 15 property and adopted tax increment allocation financing and 16 which would result from levies made after the time of the 17 adoption of tax increment allocation financing to the time the 18 current equalized value of real property in the redevelopment 19 project area exceeds the total initial equalized value of real 20 property in said area. 21 (n) "Redevelopment plan" means the comprehensive program 22 of the municipality for development or redevelopment intended 23 by the payment of redevelopment project costs to reduce or 24 eliminate those conditions the existence of which qualified 25 the redevelopment project area as a "blighted area" or 26 "conservation area" or combination thereof or "industrial park SB1391 - 25 - LRB103 29120 AWJ 55506 b SB1391- 26 -LRB103 29120 AWJ 55506 b SB1391 - 26 - LRB103 29120 AWJ 55506 b SB1391 - 26 - LRB103 29120 AWJ 55506 b 1 conservation area," and thereby to enhance the tax bases of 2 the taxing districts which extend into the redevelopment 3 project area, provided that, with respect to redevelopment 4 project areas described in subsections (p-1) and (p-2), 5 "redevelopment plan" means the comprehensive program of the 6 affected municipality for the development of qualifying 7 transit facilities. On and after November 1, 1999 (the 8 effective date of Public Act 91-478), no redevelopment plan 9 may be approved or amended that includes the development of 10 vacant land (i) with a golf course and related clubhouse and 11 other facilities or (ii) designated by federal, State, county, 12 or municipal government as public land for outdoor 13 recreational activities or for nature preserves and used for 14 that purpose within 5 years prior to the adoption of the 15 redevelopment plan. For the purpose of this subsection, 16 "recreational activities" is limited to mean camping and 17 hunting. Each redevelopment plan shall set forth in writing 18 the program to be undertaken to accomplish the objectives and 19 shall include but not be limited to: 20 (A) an itemized list of estimated redevelopment 21 project costs; 22 (B) evidence indicating that the redevelopment project 23 area on the whole has not been subject to growth and 24 development through investment by private enterprise, 25 provided that such evidence shall not be required for any 26 redevelopment project area located within a transit SB1391 - 26 - LRB103 29120 AWJ 55506 b SB1391- 27 -LRB103 29120 AWJ 55506 b SB1391 - 27 - LRB103 29120 AWJ 55506 b SB1391 - 27 - LRB103 29120 AWJ 55506 b 1 facility improvement area established pursuant to Section 2 11-74.4-3.3; 3 (C) an assessment of any financial impact of the 4 redevelopment project area on or any increased demand for 5 services from any taxing district affected by the plan and 6 any program to address such financial impact or increased 7 demand; 8 (D) the sources of funds to pay costs; 9 (E) the nature and term of the obligations to be 10 issued; 11 (F) the most recent equalized assessed valuation of 12 the redevelopment project area; 13 (G) an estimate as to the equalized assessed valuation 14 after redevelopment and the general land uses to apply in 15 the redevelopment project area; 16 (H) a commitment to fair employment practices and an 17 affirmative action plan; 18 (I) if it concerns an industrial park conservation 19 area, the plan shall also include a general description of 20 any proposed developer, user and tenant of any property, a 21 description of the type, structure and general character 22 of the facilities to be developed, a description of the 23 type, class and number of new employees to be employed in 24 the operation of the facilities to be developed; and 25 (J) if property is to be annexed to the municipality, 26 the plan shall include the terms of the annexation SB1391 - 27 - LRB103 29120 AWJ 55506 b SB1391- 28 -LRB103 29120 AWJ 55506 b SB1391 - 28 - LRB103 29120 AWJ 55506 b SB1391 - 28 - LRB103 29120 AWJ 55506 b 1 agreement. 2 The provisions of items (B) and (C) of this subsection (n) 3 shall not apply to a municipality that before March 14, 1994 4 (the effective date of Public Act 88-537) had fixed, either by 5 its corporate authorities or by a commission designated under 6 subsection (k) of Section 11-74.4-4, a time and place for a 7 public hearing as required by subsection (a) of Section 8 11-74.4-5. No redevelopment plan shall be adopted unless a 9 municipality complies with all of the following requirements: 10 (1) The municipality finds that the redevelopment 11 project area on the whole has not been subject to growth 12 and development through investment by private enterprise 13 and would not reasonably be anticipated to be developed 14 without the adoption of the redevelopment plan, provided, 15 however, that such a finding shall not be required with 16 respect to any redevelopment project area located within a 17 transit facility improvement area established pursuant to 18 Section 11-74.4-3.3. 19 (2) The municipality finds that the redevelopment plan 20 and project conform to the comprehensive plan for the 21 development of the municipality as a whole, or, for 22 municipalities with a population of 100,000 or more, 23 regardless of when the redevelopment plan and project was 24 adopted, the redevelopment plan and project either: (i) 25 conforms to the strategic economic development or 26 redevelopment plan issued by the designated planning SB1391 - 28 - LRB103 29120 AWJ 55506 b SB1391- 29 -LRB103 29120 AWJ 55506 b SB1391 - 29 - LRB103 29120 AWJ 55506 b SB1391 - 29 - LRB103 29120 AWJ 55506 b 1 authority of the municipality, or (ii) includes land uses 2 that have been approved by the planning commission of the 3 municipality. 4 (2.5) The redevelopment plan establishes a process for 5 allocating funds from the special tax allocation fund for 6 redevelopment project costs that shall include the members 7 of the joint review board. 8 (3) The redevelopment plan establishes the estimated 9 dates of completion of the redevelopment project and 10 retirement of obligations issued to finance redevelopment 11 project costs. Those dates may not be later than the dates 12 set forth under Section 11-74.4-3.5. 13 A municipality may by municipal ordinance amend an 14 existing redevelopment plan to conform to this paragraph 15 (3) as amended by Public Act 91-478, which municipal 16 ordinance may be adopted without further hearing or notice 17 and without complying with the procedures provided in this 18 Act pertaining to an amendment to or the initial approval 19 of a redevelopment plan and project and designation of a 20 redevelopment project area. 21 (3.5) The municipality finds, in the case of an 22 industrial park conservation area, also that the 23 municipality is a labor surplus municipality and that the 24 implementation of the redevelopment plan will reduce 25 unemployment, create new jobs and by the provision of new 26 facilities enhance the tax base of the taxing districts SB1391 - 29 - LRB103 29120 AWJ 55506 b SB1391- 30 -LRB103 29120 AWJ 55506 b SB1391 - 30 - LRB103 29120 AWJ 55506 b SB1391 - 30 - LRB103 29120 AWJ 55506 b 1 that extend into the redevelopment project area. 2 (4) If any incremental revenues are being utilized 3 under paragraph (1) or (2) of Section 11-74.4-8a 8(a)(1) 4 or 8(a)(2) of this Act in redevelopment project areas 5 approved by ordinance after January 1, 1986, the 6 municipality finds: (a) that the redevelopment project 7 area would not reasonably be developed without the use of 8 such incremental revenues, and (b) that such incremental 9 revenues will be exclusively utilized for the development 10 of the redevelopment project area. 11 (5) If: (a) the redevelopment plan will not result in 12 displacement of residents from 10 or more inhabited 13 residential units, and the municipality certifies in the 14 plan that such displacement will not result from the plan; 15 or (b) the redevelopment plan is for a redevelopment 16 project area or a qualifying transit facility located 17 within a transit facility improvement area established 18 pursuant to Section 11-74.4-3.3, and the applicable 19 project is subject to the process for evaluation of 20 environmental effects under the National Environmental 21 Policy Act of 1969, 42 U.S.C. 4321 et seq., then a housing 22 impact study need not be performed. If, however, the 23 redevelopment plan would result in the displacement of 24 residents from 10 or more inhabited residential units, or 25 if the redevelopment project area contains 75 or more 26 inhabited residential units and no certification is made, SB1391 - 30 - LRB103 29120 AWJ 55506 b SB1391- 31 -LRB103 29120 AWJ 55506 b SB1391 - 31 - LRB103 29120 AWJ 55506 b SB1391 - 31 - LRB103 29120 AWJ 55506 b 1 then the municipality shall prepare, as part of the 2 separate feasibility report required by subsection (a) of 3 Section 11-74.4-5, a housing impact study. 4 Part I of the housing impact study shall include (i) 5 data as to whether the residential units are single family 6 or multi-family units, (ii) the number and type of rooms 7 within the units, if that information is available, (iii) 8 whether the units are inhabited or uninhabited, as 9 determined not less than 45 days before the date that the 10 ordinance or resolution required by subsection (a) of 11 Section 11-74.4-5 is passed, and (iv) data as to the 12 racial and ethnic composition of the residents in the 13 inhabited residential units. The data requirement as to 14 the racial and ethnic composition of the residents in the 15 inhabited residential units shall be deemed to be fully 16 satisfied by data from the most recent federal census. 17 Part II of the housing impact study shall identify the 18 inhabited residential units in the proposed redevelopment 19 project area that are to be or may be removed. If inhabited 20 residential units are to be removed, then the housing 21 impact study shall identify (i) the number and location of 22 those units that will or may be removed, (ii) the 23 municipality's plans for relocation assistance for those 24 residents in the proposed redevelopment project area whose 25 residences are to be removed, (iii) the availability of 26 replacement housing for those residents whose residences SB1391 - 31 - LRB103 29120 AWJ 55506 b SB1391- 32 -LRB103 29120 AWJ 55506 b SB1391 - 32 - LRB103 29120 AWJ 55506 b SB1391 - 32 - LRB103 29120 AWJ 55506 b 1 are to be removed, and shall identify the type, location, 2 and cost of the housing, and (iv) the type and extent of 3 relocation assistance to be provided. 4 (6) On and after November 1, 1999, the housing impact 5 study required by paragraph (5) shall be incorporated in 6 the redevelopment plan for the redevelopment project area. 7 (7) On and after November 1, 1999, no redevelopment 8 plan shall be adopted, nor an existing plan amended, nor 9 shall residential housing that is occupied by households 10 of low-income and very low-income persons in currently 11 existing redevelopment project areas be removed after 12 November 1, 1999 unless the redevelopment plan provides, 13 with respect to inhabited housing units that are to be 14 removed for households of low-income and very low-income 15 persons, affordable housing and relocation assistance not 16 less than that which would be provided under the federal 17 Uniform Relocation Assistance and Real Property 18 Acquisition Policies Act of 1970 and the regulations under 19 that Act, including the eligibility criteria. Affordable 20 housing may be either existing or newly constructed 21 housing. For purposes of this paragraph (7), "low-income 22 households", "very low-income households", and "affordable 23 housing" have the meanings set forth in the Illinois 24 Affordable Housing Act. The municipality shall make a good 25 faith effort to ensure that this affordable housing is 26 located in or near the redevelopment project area within SB1391 - 32 - LRB103 29120 AWJ 55506 b SB1391- 33 -LRB103 29120 AWJ 55506 b SB1391 - 33 - LRB103 29120 AWJ 55506 b SB1391 - 33 - LRB103 29120 AWJ 55506 b 1 the municipality. 2 (8) On and after November 1, 1999, if, after the 3 adoption of the redevelopment plan for the redevelopment 4 project area, any municipality desires to amend its 5 redevelopment plan to remove more inhabited residential 6 units than specified in its original redevelopment plan, 7 that change shall be made in accordance with the 8 procedures in subsection (c) of Section 11-74.4-5. 9 (9) For redevelopment project areas designated prior 10 to November 1, 1999, the redevelopment plan may be amended 11 without further joint review board meeting or hearing, 12 provided that the municipality shall give notice of any 13 such changes by mail to each affected taxing district and 14 registrant on the interested party registry, to authorize 15 the municipality to expend tax increment revenues for 16 redevelopment project costs defined by paragraphs (5) and 17 (7.5), subparagraphs (E) and (F) of paragraph (11), and 18 paragraph (11.5) of subsection (q) of Section 11-74.4-3, 19 so long as the changes do not increase the total estimated 20 redevelopment project costs set out in the redevelopment 21 plan by more than 5% after adjustment for inflation from 22 the date the plan was adopted. 23 (o) "Redevelopment project" means any public and private 24 development project in furtherance of the objectives of a 25 redevelopment plan. On and after November 1, 1999 (the 26 effective date of Public Act 91-478), no redevelopment plan SB1391 - 33 - LRB103 29120 AWJ 55506 b SB1391- 34 -LRB103 29120 AWJ 55506 b SB1391 - 34 - LRB103 29120 AWJ 55506 b SB1391 - 34 - LRB103 29120 AWJ 55506 b 1 may be approved or amended that includes the development of 2 vacant land (i) with a golf course and related clubhouse and 3 other facilities or (ii) designated by federal, State, county, 4 or municipal government as public land for outdoor 5 recreational activities or for nature preserves and used for 6 that purpose within 5 years prior to the adoption of the 7 redevelopment plan. For the purpose of this subsection, 8 "recreational activities" is limited to mean camping and 9 hunting. 10 (p) "Redevelopment project area" means an area designated 11 by the municipality, which is not less in the aggregate than 1 12 1/2 acres and in respect to which the municipality has made a 13 finding that there exist conditions which cause the area to be 14 classified as an industrial park conservation area or a 15 blighted area or a conservation area, or a combination of both 16 blighted areas and conservation areas. 17 (p-1) Notwithstanding any provision of this Act to the 18 contrary, on and after August 25, 2009 (the effective date of 19 Public Act 96-680), a redevelopment project area may include 20 areas within a one-half mile radius of an existing or proposed 21 Regional Transportation Authority Suburban Transit Access 22 Route (STAR Line) station without a finding that the area is 23 classified as an industrial park conservation area, a blighted 24 area, a conservation area, or a combination thereof, but only 25 if the municipality receives unanimous consent from the joint 26 review board created to review the proposed redevelopment SB1391 - 34 - LRB103 29120 AWJ 55506 b SB1391- 35 -LRB103 29120 AWJ 55506 b SB1391 - 35 - LRB103 29120 AWJ 55506 b SB1391 - 35 - LRB103 29120 AWJ 55506 b 1 project area. 2 (p-2) Notwithstanding any provision of this Act to the 3 contrary, on and after the effective date of this amendatory 4 Act of the 99th General Assembly, a redevelopment project area 5 may include areas within a transit facility improvement area 6 that has been established pursuant to Section 11-74.4-3.3 7 without a finding that the area is classified as an industrial 8 park conservation area, a blighted area, a conservation area, 9 or any combination thereof. 10 (q) "Redevelopment project costs", except for 11 redevelopment project areas created pursuant to subsection 12 (p-1) or (p-2), means and includes the sum total of all 13 reasonable or necessary costs incurred or estimated to be 14 incurred, and any such costs incidental to a redevelopment 15 plan and a redevelopment project. Such costs include, without 16 limitation, the following: 17 (1) Costs of studies, surveys, development of plans, 18 and specifications, implementation and administration of 19 the redevelopment plan including but not limited to staff 20 and professional service costs for architectural, 21 engineering, legal, financial, planning or other services, 22 provided however that no charges for professional services 23 may be based on a percentage of the tax increment 24 collected; except that on and after November 1, 1999 (the 25 effective date of Public Act 91-478), no contracts for 26 professional services, excluding architectural and SB1391 - 35 - LRB103 29120 AWJ 55506 b SB1391- 36 -LRB103 29120 AWJ 55506 b SB1391 - 36 - LRB103 29120 AWJ 55506 b SB1391 - 36 - LRB103 29120 AWJ 55506 b 1 engineering services, may be entered into if the terms of 2 the contract extend beyond a period of 3 years. In 3 addition, "redevelopment project costs" shall not include 4 lobbying expenses. After consultation with the 5 municipality, each tax increment consultant or advisor to 6 a municipality that plans to designate or has designated a 7 redevelopment project area shall inform the municipality 8 in writing of any contracts that the consultant or advisor 9 has entered into with entities or individuals that have 10 received, or are receiving, payments financed by tax 11 increment revenues produced by the redevelopment project 12 area with respect to which the consultant or advisor has 13 performed, or will be performing, service for the 14 municipality. This requirement shall be satisfied by the 15 consultant or advisor before the commencement of services 16 for the municipality and thereafter whenever any other 17 contracts with those individuals or entities are executed 18 by the consultant or advisor; 19 (1.5) After July 1, 1999, annual administrative costs 20 shall not include general overhead or administrative costs 21 of the municipality that would still have been incurred by 22 the municipality if the municipality had not designated a 23 redevelopment project area or approved a redevelopment 24 plan; 25 (1.6) The cost of marketing sites within the 26 redevelopment project area to prospective businesses, SB1391 - 36 - LRB103 29120 AWJ 55506 b SB1391- 37 -LRB103 29120 AWJ 55506 b SB1391 - 37 - LRB103 29120 AWJ 55506 b SB1391 - 37 - LRB103 29120 AWJ 55506 b 1 developers, and investors; 2 (2) Property assembly costs, including but not limited 3 to acquisition of land and other property, real or 4 personal, or rights or interests therein, demolition of 5 buildings, site preparation, site improvements that serve 6 as an engineered barrier addressing ground level or below 7 ground environmental contamination, including, but not 8 limited to parking lots and other concrete or asphalt 9 barriers, and the clearing and grading of land; 10 (3) Costs of rehabilitation, reconstruction or repair 11 or remodeling of existing public or private buildings, 12 fixtures, and leasehold improvements; and the cost of 13 replacing an existing public building if pursuant to the 14 implementation of a redevelopment project the existing 15 public building is to be demolished to use the site for 16 private investment or devoted to a different use requiring 17 private investment; including any direct or indirect costs 18 relating to Green Globes or LEED certified construction 19 elements or construction elements with an equivalent 20 certification; 21 (4) Costs of the construction of public works or 22 improvements, including any direct or indirect costs 23 relating to Green Globes or LEED certified construction 24 elements or construction elements with an equivalent 25 certification, except that on and after November 1, 1999, 26 redevelopment project costs shall not include the cost of SB1391 - 37 - LRB103 29120 AWJ 55506 b SB1391- 38 -LRB103 29120 AWJ 55506 b SB1391 - 38 - LRB103 29120 AWJ 55506 b SB1391 - 38 - LRB103 29120 AWJ 55506 b 1 constructing a new municipal public building principally 2 used to provide offices, storage space, or conference 3 facilities or vehicle storage, maintenance, or repair for 4 administrative, public safety, or public works personnel 5 and that is not intended to replace an existing public 6 building as provided under paragraph (3) of subsection (q) 7 of Section 11-74.4-3 unless either (i) the construction of 8 the new municipal building implements a redevelopment 9 project that was included in a redevelopment plan that was 10 adopted by the municipality prior to November 1, 1999, 11 (ii) the municipality makes a reasonable determination in 12 the redevelopment plan, supported by information that 13 provides the basis for that determination, that the new 14 municipal building is required to meet an increase in the 15 need for public safety purposes anticipated to result from 16 the implementation of the redevelopment plan, or (iii) the 17 new municipal public building is for the storage, 18 maintenance, or repair of transit vehicles and is located 19 in a transit facility improvement area that has been 20 established pursuant to Section 11-74.4-3.3; 21 (5) Costs of job training and retraining projects, 22 including the cost of "welfare to work" programs 23 implemented by businesses located within the redevelopment 24 project area; 25 (5.5) Grants to businesses as provided in subsection 26 (b) of Section 11-74.4-8. SB1391 - 38 - LRB103 29120 AWJ 55506 b SB1391- 39 -LRB103 29120 AWJ 55506 b SB1391 - 39 - LRB103 29120 AWJ 55506 b SB1391 - 39 - LRB103 29120 AWJ 55506 b 1 (6) Financing costs, including but not limited to all 2 necessary and incidental expenses related to the issuance 3 of obligations and which may include payment of interest 4 on any obligations issued hereunder including interest 5 accruing during the estimated period of construction of 6 any redevelopment project for which such obligations are 7 issued and for not exceeding 36 months thereafter and 8 including reasonable reserves related thereto; 9 (7) To the extent the municipality by written 10 agreement accepts and approves the same, all or a portion 11 of a taxing district's capital costs resulting from the 12 redevelopment project necessarily incurred or to be 13 incurred within a taxing district in furtherance of the 14 objectives of the redevelopment plan and project; 15 (7.5) For redevelopment project areas designated (or 16 redevelopment project areas amended to add or increase the 17 number of tax-increment-financing assisted housing units) 18 on or after November 1, 1999, an elementary, secondary, or 19 unit school district's increased costs attributable to 20 assisted housing units located within the redevelopment 21 project area for which the developer or redeveloper 22 receives financial assistance through an agreement with 23 the municipality or because the municipality incurs the 24 cost of necessary infrastructure improvements within the 25 boundaries of the assisted housing sites necessary for the 26 completion of that housing as authorized by this Act, and SB1391 - 39 - LRB103 29120 AWJ 55506 b SB1391- 40 -LRB103 29120 AWJ 55506 b SB1391 - 40 - LRB103 29120 AWJ 55506 b SB1391 - 40 - LRB103 29120 AWJ 55506 b 1 which costs shall be paid by the municipality from the 2 Special Tax Allocation Fund when the tax increment revenue 3 is received as a result of the assisted housing units and 4 shall be calculated annually as follows: 5 (A) for foundation districts, excluding any school 6 district in a municipality with a population in excess 7 of 1,000,000, by multiplying the district's increase 8 in attendance resulting from the net increase in new 9 students enrolled in that school district who reside 10 in housing units within the redevelopment project area 11 that have received financial assistance through an 12 agreement with the municipality or because the 13 municipality incurs the cost of necessary 14 infrastructure improvements within the boundaries of 15 the housing sites necessary for the completion of that 16 housing as authorized by this Act since the 17 designation of the redevelopment project area by the 18 most recently available per capita tuition cost as 19 defined in Section 10-20.12a of the School Code less 20 any increase in general State aid as defined in 21 Section 18-8.05 of the School Code or evidence-based 22 funding as defined in Section 18-8.15 of the School 23 Code attributable to these added new students subject 24 to the following annual limitations: 25 (i) for unit school districts with a district 26 average 1995-96 Per Capita Tuition Charge of less SB1391 - 40 - LRB103 29120 AWJ 55506 b SB1391- 41 -LRB103 29120 AWJ 55506 b SB1391 - 41 - LRB103 29120 AWJ 55506 b SB1391 - 41 - LRB103 29120 AWJ 55506 b 1 than $5,900, no more than 25% of the total amount 2 of property tax increment revenue produced by 3 those housing units that have received tax 4 increment finance assistance under this Act; 5 (ii) for elementary school districts with a 6 district average 1995-96 Per Capita Tuition Charge 7 of less than $5,900, no more than 17% of the total 8 amount of property tax increment revenue produced 9 by those housing units that have received tax 10 increment finance assistance under this Act; and 11 (iii) for secondary school districts with a 12 district average 1995-96 Per Capita Tuition Charge 13 of less than $5,900, no more than 8% of the total 14 amount of property tax increment revenue produced 15 by those housing units that have received tax 16 increment finance assistance under this Act. 17 (B) For alternate method districts, flat grant 18 districts, and foundation districts with a district 19 average 1995-96 Per Capita Tuition Charge equal to or 20 more than $5,900, excluding any school district with a 21 population in excess of 1,000,000, by multiplying the 22 district's increase in attendance resulting from the 23 net increase in new students enrolled in that school 24 district who reside in housing units within the 25 redevelopment project area that have received 26 financial assistance through an agreement with the SB1391 - 41 - LRB103 29120 AWJ 55506 b SB1391- 42 -LRB103 29120 AWJ 55506 b SB1391 - 42 - LRB103 29120 AWJ 55506 b SB1391 - 42 - LRB103 29120 AWJ 55506 b 1 municipality or because the municipality incurs the 2 cost of necessary infrastructure improvements within 3 the boundaries of the housing sites necessary for the 4 completion of that housing as authorized by this Act 5 since the designation of the redevelopment project 6 area by the most recently available per capita tuition 7 cost as defined in Section 10-20.12a of the School 8 Code less any increase in general state aid as defined 9 in Section 18-8.05 of the School Code or 10 evidence-based funding as defined in Section 18-8.15 11 of the School Code attributable to these added new 12 students subject to the following annual limitations: 13 (i) for unit school districts, no more than 14 40% of the total amount of property tax increment 15 revenue produced by those housing units that have 16 received tax increment finance assistance under 17 this Act; 18 (ii) for elementary school districts, no more 19 than 27% of the total amount of property tax 20 increment revenue produced by those housing units 21 that have received tax increment finance 22 assistance under this Act; and 23 (iii) for secondary school districts, no more 24 than 13% of the total amount of property tax 25 increment revenue produced by those housing units 26 that have received tax increment finance SB1391 - 42 - LRB103 29120 AWJ 55506 b SB1391- 43 -LRB103 29120 AWJ 55506 b SB1391 - 43 - LRB103 29120 AWJ 55506 b SB1391 - 43 - LRB103 29120 AWJ 55506 b 1 assistance under this Act. 2 (C) For any school district in a municipality with 3 a population in excess of 1,000,000, the following 4 restrictions shall apply to the reimbursement of 5 increased costs under this paragraph (7.5): 6 (i) no increased costs shall be reimbursed 7 unless the school district certifies that each of 8 the schools affected by the assisted housing 9 project is at or over its student capacity; 10 (ii) the amount reimbursable shall be reduced 11 by the value of any land donated to the school 12 district by the municipality or developer, and by 13 the value of any physical improvements made to the 14 schools by the municipality or developer; and 15 (iii) the amount reimbursed may not affect 16 amounts otherwise obligated by the terms of any 17 bonds, notes, or other funding instruments, or the 18 terms of any redevelopment agreement. 19 Any school district seeking payment under this 20 paragraph (7.5) shall, after July 1 and before 21 September 30 of each year, provide the municipality 22 with reasonable evidence to support its claim for 23 reimbursement before the municipality shall be 24 required to approve or make the payment to the school 25 district. If the school district fails to provide the 26 information during this period in any year, it shall SB1391 - 43 - LRB103 29120 AWJ 55506 b SB1391- 44 -LRB103 29120 AWJ 55506 b SB1391 - 44 - LRB103 29120 AWJ 55506 b SB1391 - 44 - LRB103 29120 AWJ 55506 b 1 forfeit any claim to reimbursement for that year. 2 School districts may adopt a resolution waiving the 3 right to all or a portion of the reimbursement 4 otherwise required by this paragraph (7.5). By 5 acceptance of this reimbursement the school district 6 waives the right to directly or indirectly set aside, 7 modify, or contest in any manner the establishment of 8 the redevelopment project area or projects; 9 (7.7) For redevelopment project areas designated (or 10 redevelopment project areas amended to add or increase the 11 number of tax-increment-financing assisted housing units) 12 on or after January 1, 2005 (the effective date of Public 13 Act 93-961), a public library district's increased costs 14 attributable to assisted housing units located within the 15 redevelopment project area for which the developer or 16 redeveloper receives financial assistance through an 17 agreement with the municipality or because the 18 municipality incurs the cost of necessary infrastructure 19 improvements within the boundaries of the assisted housing 20 sites necessary for the completion of that housing as 21 authorized by this Act shall be paid to the library 22 district by the municipality from the Special Tax 23 Allocation Fund when the tax increment revenue is received 24 as a result of the assisted housing units. This paragraph 25 (7.7) applies only if (i) the library district is located 26 in a county that is subject to the Property Tax Extension SB1391 - 44 - LRB103 29120 AWJ 55506 b SB1391- 45 -LRB103 29120 AWJ 55506 b SB1391 - 45 - LRB103 29120 AWJ 55506 b SB1391 - 45 - LRB103 29120 AWJ 55506 b 1 Limitation Law or (ii) the library district is not located 2 in a county that is subject to the Property Tax Extension 3 Limitation Law but the district is prohibited by any other 4 law from increasing its tax levy rate without a prior 5 voter referendum. 6 The amount paid to a library district under this 7 paragraph (7.7) shall be calculated by multiplying (i) the 8 net increase in the number of persons eligible to obtain a 9 library card in that district who reside in housing units 10 within the redevelopment project area that have received 11 financial assistance through an agreement with the 12 municipality or because the municipality incurs the cost 13 of necessary infrastructure improvements within the 14 boundaries of the housing sites necessary for the 15 completion of that housing as authorized by this Act since 16 the designation of the redevelopment project area by (ii) 17 the per-patron cost of providing library services so long 18 as it does not exceed $120. The per-patron cost shall be 19 the Total Operating Expenditures Per Capita for the 20 library in the previous fiscal year. The municipality may 21 deduct from the amount that it must pay to a library 22 district under this paragraph any amount that it has 23 voluntarily paid to the library district from the tax 24 increment revenue. The amount paid to a library district 25 under this paragraph (7.7) shall be no more than 2% of the 26 amount produced by the assisted housing units and SB1391 - 45 - LRB103 29120 AWJ 55506 b SB1391- 46 -LRB103 29120 AWJ 55506 b SB1391 - 46 - LRB103 29120 AWJ 55506 b SB1391 - 46 - LRB103 29120 AWJ 55506 b 1 deposited into the Special Tax Allocation Fund. 2 A library district is not eligible for any payment 3 under this paragraph (7.7) unless the library district has 4 experienced an increase in the number of patrons from the 5 municipality that created the tax-increment-financing 6 district since the designation of the redevelopment 7 project area. 8 Any library district seeking payment under this 9 paragraph (7.7) shall, after July 1 and before September 10 30 of each year, provide the municipality with convincing 11 evidence to support its claim for reimbursement before the 12 municipality shall be required to approve or make the 13 payment to the library district. If the library district 14 fails to provide the information during this period in any 15 year, it shall forfeit any claim to reimbursement for that 16 year. Library districts may adopt a resolution waiving the 17 right to all or a portion of the reimbursement otherwise 18 required by this paragraph (7.7). By acceptance of such 19 reimbursement, the library district shall forfeit any 20 right to directly or indirectly set aside, modify, or 21 contest in any manner whatsoever the establishment of the 22 redevelopment project area or projects; 23 (8) Relocation costs to the extent that a municipality 24 determines that relocation costs shall be paid or is 25 required to make payment of relocation costs by federal or 26 State law or in order to satisfy subparagraph (7) of SB1391 - 46 - LRB103 29120 AWJ 55506 b SB1391- 47 -LRB103 29120 AWJ 55506 b SB1391 - 47 - LRB103 29120 AWJ 55506 b SB1391 - 47 - LRB103 29120 AWJ 55506 b 1 subsection (n); 2 (9) Payment in lieu of taxes; 3 (10) Costs of job training, retraining, advanced 4 vocational education or career education, including but 5 not limited to courses in occupational, semi-technical or 6 technical fields leading directly to employment, incurred 7 by one or more taxing districts, provided that such costs 8 (i) are related to the establishment and maintenance of 9 additional job training, advanced vocational education or 10 career education programs for persons employed or to be 11 employed by employers located in a redevelopment project 12 area; and (ii) when incurred by a taxing district or 13 taxing districts other than the municipality, are set 14 forth in a written agreement by or among the municipality 15 and the taxing district or taxing districts, which 16 agreement describes the program to be undertaken, 17 including but not limited to the number of employees to be 18 trained, a description of the training and services to be 19 provided, the number and type of positions available or to 20 be available, itemized costs of the program and sources of 21 funds to pay for the same, and the term of the agreement. 22 Such costs include, specifically, the payment by community 23 college districts of costs pursuant to Sections 3-37, 24 3-38, 3-40 and 3-40.1 of the Public Community College Act 25 and by school districts of costs pursuant to Sections 26 10-22.20a and 10-23.3a of the School Code; SB1391 - 47 - LRB103 29120 AWJ 55506 b SB1391- 48 -LRB103 29120 AWJ 55506 b SB1391 - 48 - LRB103 29120 AWJ 55506 b SB1391 - 48 - LRB103 29120 AWJ 55506 b 1 (11) Interest cost incurred by a redeveloper related 2 to the construction, renovation or rehabilitation of a 3 redevelopment project provided that: 4 (A) such costs are to be paid directly from the 5 special tax allocation fund established pursuant to 6 this Act; 7 (B) such payments in any one year may not exceed 8 30% of the annual interest costs incurred by the 9 redeveloper with regard to the redevelopment project 10 during that year; 11 (C) if there are not sufficient funds available in 12 the special tax allocation fund to make the payment 13 pursuant to this paragraph (11) then the amounts so 14 due shall accrue and be payable when sufficient funds 15 are available in the special tax allocation fund; 16 (D) the total of such interest payments paid 17 pursuant to this Act may not exceed 30% of the total 18 (i) cost paid or incurred by the redeveloper for the 19 redevelopment project plus (ii) redevelopment project 20 costs excluding any property assembly costs and any 21 relocation costs incurred by a municipality pursuant 22 to this Act; 23 (E) the cost limits set forth in subparagraphs (B) 24 and (D) of paragraph (11) shall be modified for the 25 financing of rehabilitated or new housing units for 26 low-income households and very low-income households, SB1391 - 48 - LRB103 29120 AWJ 55506 b SB1391- 49 -LRB103 29120 AWJ 55506 b SB1391 - 49 - LRB103 29120 AWJ 55506 b SB1391 - 49 - LRB103 29120 AWJ 55506 b 1 as defined in Section 3 of the Illinois Affordable 2 Housing Act. The percentage of 75% shall be 3 substituted for 30% in subparagraphs (B) and (D) of 4 paragraph (11); and 5 (F) instead of the eligible costs provided by 6 subparagraphs (B) and (D) of paragraph (11), as 7 modified by this subparagraph, and notwithstanding any 8 other provisions of this Act to the contrary, the 9 municipality may pay from tax increment revenues up to 10 50% of the cost of construction of new housing units to 11 be occupied by low-income households and very 12 low-income households as defined in Section 3 of the 13 Illinois Affordable Housing Act. The cost of 14 construction of those units may be derived from the 15 proceeds of bonds issued by the municipality under 16 this Act or other constitutional or statutory 17 authority or from other sources of municipal revenue 18 that may be reimbursed from tax increment revenues or 19 the proceeds of bonds issued to finance the 20 construction of that housing. 21 The eligible costs provided under this 22 subparagraph (F) of paragraph (11) shall be an 23 eligible cost for the construction, renovation, and 24 rehabilitation of all low and very low-income housing 25 units, as defined in Section 3 of the Illinois 26 Affordable Housing Act, within the redevelopment SB1391 - 49 - LRB103 29120 AWJ 55506 b SB1391- 50 -LRB103 29120 AWJ 55506 b SB1391 - 50 - LRB103 29120 AWJ 55506 b SB1391 - 50 - LRB103 29120 AWJ 55506 b 1 project area. If the low and very low-income units are 2 part of a residential redevelopment project that 3 includes units not affordable to low and very 4 low-income households, only the low and very 5 low-income units shall be eligible for benefits under 6 this subparagraph (F) of paragraph (11). The standards 7 for maintaining the occupancy by low-income households 8 and very low-income households, as defined in Section 9 3 of the Illinois Affordable Housing Act, of those 10 units constructed with eligible costs made available 11 under the provisions of this subparagraph (F) of 12 paragraph (11) shall be established by guidelines 13 adopted by the municipality. The responsibility for 14 annually documenting the initial occupancy of the 15 units by low-income households and very low-income 16 households, as defined in Section 3 of the Illinois 17 Affordable Housing Act, shall be that of the then 18 current owner of the property. For ownership units, 19 the guidelines will provide, at a minimum, for a 20 reasonable recapture of funds, or other appropriate 21 methods designed to preserve the original 22 affordability of the ownership units. For rental 23 units, the guidelines will provide, at a minimum, for 24 the affordability of rent to low and very low-income 25 households. As units become available, they shall be 26 rented to income-eligible tenants. The municipality SB1391 - 50 - LRB103 29120 AWJ 55506 b SB1391- 51 -LRB103 29120 AWJ 55506 b SB1391 - 51 - LRB103 29120 AWJ 55506 b SB1391 - 51 - LRB103 29120 AWJ 55506 b 1 may modify these guidelines from time to time; the 2 guidelines, however, shall be in effect for as long as 3 tax increment revenue is being used to pay for costs 4 associated with the units or for the retirement of 5 bonds issued to finance the units or for the life of 6 the redevelopment project area, whichever is later; 7 (11.5) If the redevelopment project area is located 8 within a municipality with a population of more than 9 100,000, the cost of day care services for children of 10 employees from low-income families working for businesses 11 located within the redevelopment project area and all or a 12 portion of the cost of operation of day care centers 13 established by redevelopment project area businesses to 14 serve employees from low-income families working in 15 businesses located in the redevelopment project area. For 16 the purposes of this paragraph, "low-income families" 17 means families whose annual income does not exceed 80% of 18 the municipal, county, or regional median income, adjusted 19 for family size, as the annual income and municipal, 20 county, or regional median income are determined from time 21 to time by the United States Department of Housing and 22 Urban Development. 23 (12) Costs relating to the development of urban 24 agricultural areas under Division 15.2 of the Illinois 25 Municipal Code. 26 Unless explicitly stated herein the cost of construction SB1391 - 51 - LRB103 29120 AWJ 55506 b SB1391- 52 -LRB103 29120 AWJ 55506 b SB1391 - 52 - LRB103 29120 AWJ 55506 b SB1391 - 52 - LRB103 29120 AWJ 55506 b 1 of new privately-owned buildings shall not be an eligible 2 redevelopment project cost. 3 After November 1, 1999 (the effective date of Public Act 4 91-478), none of the redevelopment project costs enumerated in 5 this subsection shall be eligible redevelopment project costs 6 if those costs would provide direct financial support to a 7 retail entity initiating operations in the redevelopment 8 project area while terminating operations at another Illinois 9 location within 10 miles of the redevelopment project area but 10 outside the boundaries of the redevelopment project area 11 municipality. For purposes of this paragraph, termination 12 means a closing of a retail operation that is directly related 13 to the opening of the same operation or like retail entity 14 owned or operated by more than 50% of the original ownership in 15 a redevelopment project area, but it does not mean closing an 16 operation for reasons beyond the control of the retail entity, 17 as documented by the retail entity, subject to a reasonable 18 finding by the municipality that the current location 19 contained inadequate space, had become economically obsolete, 20 or was no longer a viable location for the retailer or 21 serviceman. 22 No cost shall be a redevelopment project cost in a 23 redevelopment project area if used to demolish, remove, or 24 substantially modify a historic resource, after August 26, 25 2008 (the effective date of Public Act 95-934), unless no 26 prudent and feasible alternative exists. "Historic resource" SB1391 - 52 - LRB103 29120 AWJ 55506 b SB1391- 53 -LRB103 29120 AWJ 55506 b SB1391 - 53 - LRB103 29120 AWJ 55506 b SB1391 - 53 - LRB103 29120 AWJ 55506 b 1 for the purpose of this paragraph means (i) a place or 2 structure that is included or eligible for inclusion on the 3 National Register of Historic Places or (ii) a contributing 4 structure in a district on the National Register of Historic 5 Places. This paragraph does not apply to a place or structure 6 for which demolition, removal, or modification is subject to 7 review by the preservation agency of a Certified Local 8 Government designated as such by the National Park Service of 9 the United States Department of the Interior. 10 If a special service area has been established pursuant to 11 the Special Service Area Tax Act or Special Service Area Tax 12 Law, then any tax increment revenues derived from the tax 13 imposed pursuant to the Special Service Area Tax Act or 14 Special Service Area Tax Law may be used within the 15 redevelopment project area for the purposes permitted by that 16 Act or Law as well as the purposes permitted by this Act. 17 (q-1) For redevelopment project areas created pursuant to 18 subsection (p-1), redevelopment project costs are limited to 19 those costs in paragraph (q) that are related to the existing 20 or proposed Regional Transportation Authority Suburban Transit 21 Access Route (STAR Line) station. 22 (q-2) For a transit facility improvement area established 23 prior to, on, or after the effective date of this amendatory 24 Act of the 102nd General Assembly: (i) "redevelopment project 25 costs" means those costs described in subsection (q) that are 26 related to the construction, reconstruction, rehabilitation, SB1391 - 53 - LRB103 29120 AWJ 55506 b SB1391- 54 -LRB103 29120 AWJ 55506 b SB1391 - 54 - LRB103 29120 AWJ 55506 b SB1391 - 54 - LRB103 29120 AWJ 55506 b 1 remodeling, or repair of any existing or proposed transit 2 facility, whether that facility is located within or outside 3 the boundaries of a redevelopment project area established 4 within that transit facility improvement area (and, to the 5 extent a redevelopment project cost is described in subsection 6 (q) as incurred or estimated to be incurred with respect to a 7 redevelopment project area, then it shall apply with respect 8 to such transit facility improvement area); and (ii) the 9 provisions of Section 11-74.4-8 regarding tax increment 10 allocation financing for a redevelopment project area located 11 in a transit facility improvement area shall apply only to the 12 lots, blocks, tracts and parcels of real property that are 13 located within the boundaries of that redevelopment project 14 area and not to the lots, blocks, tracts, and parcels of real 15 property that are located outside the boundaries of that 16 redevelopment project area. 17 (r) "State Sales Tax Boundary" means the redevelopment 18 project area or the amended redevelopment project area 19 boundaries which are determined pursuant to subsection (9) of 20 Section 11-74.4-8a of this Act. The Department of Revenue 21 shall certify pursuant to subsection (9) of Section 11-74.4-8a 22 the appropriate boundaries eligible for the determination of 23 State Sales Tax Increment. 24 (s) "State Sales Tax Increment" means an amount equal to 25 the increase in the aggregate amount of taxes paid by 26 retailers and servicemen, other than retailers and servicemen SB1391 - 54 - LRB103 29120 AWJ 55506 b SB1391- 55 -LRB103 29120 AWJ 55506 b SB1391 - 55 - LRB103 29120 AWJ 55506 b SB1391 - 55 - LRB103 29120 AWJ 55506 b 1 subject to the Public Utilities Act, on transactions at places 2 of business located within a State Sales Tax Boundary pursuant 3 to the Retailers' Occupation Tax Act, the Use Tax Act, the 4 Service Use Tax Act, and the Service Occupation Tax Act, 5 except such portion of such increase that is paid into the 6 State and Local Sales Tax Reform Fund, the Local Government 7 Distributive Fund, the Local Government Tax Fund and the 8 County and Mass Transit District Fund, for as long as State 9 participation exists, over and above the Initial Sales Tax 10 Amounts, Adjusted Initial Sales Tax Amounts or the Revised 11 Initial Sales Tax Amounts for such taxes as certified by the 12 Department of Revenue and paid under those Acts by retailers 13 and servicemen on transactions at places of business located 14 within the State Sales Tax Boundary during the base year which 15 shall be the calendar year immediately prior to the year in 16 which the municipality adopted tax increment allocation 17 financing, less 3.0% of such amounts generated under the 18 Retailers' Occupation Tax Act, Use Tax Act and Service Use Tax 19 Act and the Service Occupation Tax Act, which sum shall be 20 appropriated to the Department of Revenue to cover its costs 21 of administering and enforcing this Section. For purposes of 22 computing the aggregate amount of such taxes for base years 23 occurring prior to 1985, the Department of Revenue shall 24 compute the Initial Sales Tax Amount for such taxes and deduct 25 therefrom an amount equal to 4% of the aggregate amount of 26 taxes per year for each year the base year is prior to 1985, SB1391 - 55 - LRB103 29120 AWJ 55506 b SB1391- 56 -LRB103 29120 AWJ 55506 b SB1391 - 56 - LRB103 29120 AWJ 55506 b SB1391 - 56 - LRB103 29120 AWJ 55506 b 1 but not to exceed a total deduction of 12%. The amount so 2 determined shall be known as the "Adjusted Initial Sales Tax 3 Amount". For purposes of determining the State Sales Tax 4 Increment the Department of Revenue shall for each period 5 subtract from the tax amounts received from retailers and 6 servicemen on transactions located in the State Sales Tax 7 Boundary, the certified Initial Sales Tax Amounts, Adjusted 8 Initial Sales Tax Amounts or Revised Initial Sales Tax Amounts 9 for the Retailers' Occupation Tax Act, the Use Tax Act, the 10 Service Use Tax Act and the Service Occupation Tax Act. For the 11 State Fiscal Year 1989 this calculation shall be made by 12 utilizing the calendar year 1987 to determine the tax amounts 13 received. For the State Fiscal Year 1990, this calculation 14 shall be made by utilizing the period from January 1, 1988, 15 until September 30, 1988, to determine the tax amounts 16 received from retailers and servicemen, which shall have 17 deducted therefrom nine-twelfths of the certified Initial 18 Sales Tax Amounts, Adjusted Initial Sales Tax Amounts or the 19 Revised Initial Sales Tax Amounts as appropriate. For the 20 State Fiscal Year 1991, this calculation shall be made by 21 utilizing the period from October 1, 1988, until June 30, 22 1989, to determine the tax amounts received from retailers and 23 servicemen, which shall have deducted therefrom nine-twelfths 24 of the certified Initial State Sales Tax Amounts, Adjusted 25 Initial Sales Tax Amounts or the Revised Initial Sales Tax 26 Amounts as appropriate. For every State Fiscal Year SB1391 - 56 - LRB103 29120 AWJ 55506 b SB1391- 57 -LRB103 29120 AWJ 55506 b SB1391 - 57 - LRB103 29120 AWJ 55506 b SB1391 - 57 - LRB103 29120 AWJ 55506 b 1 thereafter, the applicable period shall be the 12 months 2 beginning July 1 and ending on June 30, to determine the tax 3 amounts received which shall have deducted therefrom the 4 certified Initial Sales Tax Amounts, Adjusted Initial Sales 5 Tax Amounts or the Revised Initial Sales Tax Amounts. 6 Municipalities intending to receive a distribution of State 7 Sales Tax Increment must report a list of retailers to the 8 Department of Revenue by October 31, 1988 and by July 31, of 9 each year thereafter. 10 (t) "Taxing districts" means counties, townships, cities 11 and incorporated towns and villages, school, road, park, 12 sanitary, mosquito abatement, forest preserve, public health, 13 fire protection, river conservancy, tuberculosis sanitarium 14 and any other municipal corporations or districts with the 15 power to levy taxes. 16 (u) "Taxing districts' capital costs" means those costs of 17 taxing districts for capital improvements that are found by 18 the municipal corporate authorities to be necessary and 19 directly result from the redevelopment project. 20 (v) As used in subsection (a) of Section 11-74.4-3 of this 21 Act, "vacant land" means any parcel or combination of parcels 22 of real property without industrial, commercial, and 23 residential buildings which has not been used for commercial 24 agricultural purposes within 5 years prior to the designation 25 of the redevelopment project area, unless the parcel is 26 included in an industrial park conservation area or the parcel SB1391 - 57 - LRB103 29120 AWJ 55506 b SB1391- 58 -LRB103 29120 AWJ 55506 b SB1391 - 58 - LRB103 29120 AWJ 55506 b SB1391 - 58 - LRB103 29120 AWJ 55506 b 1 has been subdivided; provided that if the parcel was part of a 2 larger tract that has been divided into 3 or more smaller 3 tracts that were accepted for recording during the period from 4 1950 to 1990, then the parcel shall be deemed to have been 5 subdivided, and all proceedings and actions of the 6 municipality taken in that connection with respect to any 7 previously approved or designated redevelopment project area 8 or amended redevelopment project area are hereby validated and 9 hereby declared to be legally sufficient for all purposes of 10 this Act. For purposes of this Section and only for land 11 subject to the subdivision requirements of the Plat Act, land 12 is subdivided when the original plat of the proposed 13 Redevelopment Project Area or relevant portion thereof has 14 been properly certified, acknowledged, approved, and recorded 15 or filed in accordance with the Plat Act and a preliminary 16 plat, if any, for any subsequent phases of the proposed 17 Redevelopment Project Area or relevant portion thereof has 18 been properly approved and filed in accordance with the 19 applicable ordinance of the municipality. 20 (w) "Annual Total Increment" means the sum of each 21 municipality's annual Net Sales Tax Increment and each 22 municipality's annual Net Utility Tax Increment. The ratio of 23 the Annual Total Increment of each municipality to the Annual 24 Total Increment for all municipalities, as most recently 25 calculated by the Department, shall determine the proportional 26 shares of the Illinois Tax Increment Fund to be distributed to SB1391 - 58 - LRB103 29120 AWJ 55506 b SB1391- 59 -LRB103 29120 AWJ 55506 b SB1391 - 59 - LRB103 29120 AWJ 55506 b SB1391 - 59 - LRB103 29120 AWJ 55506 b 1 each municipality. 2 (x) "LEED certified" means any certification level of 3 construction elements by a qualified Leadership in Energy and 4 Environmental Design Accredited Professional as determined by 5 the U.S. Green Building Council. 6 (y) "Green Globes certified" means any certification level 7 of construction elements by a qualified Green Globes 8 Professional as determined by the Green Building Initiative. 9 (Source: P.A. 102-627, eff. 8-27-21.) 10 (65 ILCS 5/11-74.4-3.5) 11 Sec. 11-74.4-3.5. Completion dates for redevelopment 12 projects. 13 (a) Unless otherwise stated in this Section, the estimated 14 dates of completion of the redevelopment project and 15 retirement of obligations issued to finance redevelopment 16 project costs (including refunding bonds under Section 17 11-74.4-7) may not be later than December 31 of the year in 18 which the payment to the municipal treasurer, as provided in 19 subsection (b) of Section 11-74.4-8 of this Act, is to be made 20 with respect to ad valorem taxes levied in the 23rd calendar 21 year after the year in which the ordinance approving the 22 redevelopment project area was adopted if the ordinance was 23 adopted on or after January 15, 1981 and until June 30, 2023. 24 (a-3) Unless otherwise stated in this Section, the 25 estimated dates of completion of the redevelopment project and SB1391 - 59 - LRB103 29120 AWJ 55506 b SB1391- 60 -LRB103 29120 AWJ 55506 b SB1391 - 60 - LRB103 29120 AWJ 55506 b SB1391 - 60 - LRB103 29120 AWJ 55506 b 1 retirement of obligations issued to finance redevelopment 2 project costs (including refunding bonds under Section 3 11-74.4-7) may not be later than December 31 of the year in 4 which the payment to the municipal treasurer, as provided in 5 subsection (b) of Section 11-74.4-8 of this Act, is to be made 6 with respect to ad valorem taxes levied in the 20th calendar 7 year after the year in which the ordinance approving the 8 redevelopment project area was adopted if the ordinance was 9 adopted on or after July 1, 2023. 10 (a-5) If the redevelopment project area is located within 11 a transit facility improvement area established pursuant to 12 Section 11-74.4-3, the estimated dates of completion of the 13 redevelopment project and retirement of obligations issued to 14 finance redevelopment project costs (including refunding bonds 15 under Section 11-74.4-7) may not be later than December 31 of 16 the year in which the payment to the municipal treasurer, as 17 provided in subsection (b) of Section 11-74.4-8 of this Act, 18 is to be made with respect to ad valorem taxes levied in the 19 35th calendar year after the year in which the ordinance 20 approving the redevelopment project area was adopted. 21 (a-7) A municipality may adopt tax increment financing for 22 a redevelopment project area located in a transit facility 23 improvement area that also includes real property located 24 within an existing redevelopment project area established 25 prior to August 12, 2016 (the effective date of Public Act 26 99-792). In such case: (i) the provisions of this Division SB1391 - 60 - LRB103 29120 AWJ 55506 b SB1391- 61 -LRB103 29120 AWJ 55506 b SB1391 - 61 - LRB103 29120 AWJ 55506 b SB1391 - 61 - LRB103 29120 AWJ 55506 b 1 shall apply with respect to the previously established 2 redevelopment project area until the municipality adopts, as 3 required in accordance with applicable provisions of this 4 Division, an ordinance dissolving the special tax allocation 5 fund for such redevelopment project area and terminating the 6 designation of such redevelopment project area as a 7 redevelopment project area; and (ii) after the effective date 8 of the ordinance described in (i), the provisions of this 9 Division shall apply with respect to the subsequently 10 established redevelopment project area located in a transit 11 facility improvement area. 12 (b) The estimated dates of completion of the redevelopment 13 project and retirement of obligations issued to finance 14 redevelopment project costs (including refunding bonds under 15 Section 11-74.4-7) may not be later than December 31 of the 16 year in which the payment to the municipal treasurer as 17 provided in subsection (b) of Section 11-74.4-8 of this Act is 18 to be made with respect to ad valorem taxes levied in the 32nd 19 calendar year after the year in which the ordinance approving 20 the redevelopment project area was adopted if the ordinance 21 was adopted on September 9, 1999 by the Village of Downs. 22 The estimated dates of completion of the redevelopment 23 project and retirement of obligations issued to finance 24 redevelopment project costs (including refunding bonds under 25 Section 11-74.4-7) may not be later than December 31 of the 26 year in which the payment to the municipal treasurer as SB1391 - 61 - LRB103 29120 AWJ 55506 b SB1391- 62 -LRB103 29120 AWJ 55506 b SB1391 - 62 - LRB103 29120 AWJ 55506 b SB1391 - 62 - LRB103 29120 AWJ 55506 b 1 provided in subsection (b) of Section 11-74.4-8 of this Act is 2 to be made with respect to ad valorem taxes levied in the 33rd 3 calendar year after the year in which the ordinance approving 4 the redevelopment project area was adopted if the ordinance 5 was adopted on May 20, 1985 by the Village of Wheeling. 6 The estimated dates of completion of the redevelopment 7 project and retirement of obligations issued to finance 8 redevelopment project costs (including refunding bonds under 9 Section 11-74.4-7) may not be later than December 31 of the 10 year in which the payment to the municipal treasurer as 11 provided in subsection (b) of Section 11-74.4-8 of this Act is 12 to be made with respect to ad valorem taxes levied in the 28th 13 calendar year after the year in which the ordinance approving 14 the redevelopment project area was adopted if the ordinance 15 was adopted on October 12, 1989 by the City of Lawrenceville. 16 (c) The estimated dates of completion of the redevelopment 17 project and retirement of obligations issued to finance 18 redevelopment project costs (including refunding bonds under 19 Section 11-74.4-7) may not be later than December 31 of the 20 year in which the payment to the municipal treasurer as 21 provided in subsection (b) of Section 11-74.4-8 of this Act is 22 to be made with respect to ad valorem taxes levied (i) in the 23 35th calendar year after the year in which the ordinance 24 approving the redevelopment project area was adopted if a 25 reference to that ordinance is added to this Section on or 26 before June 30, 2023 and (ii) in the 22nd calendar year after SB1391 - 62 - LRB103 29120 AWJ 55506 b SB1391- 63 -LRB103 29120 AWJ 55506 b SB1391 - 63 - LRB103 29120 AWJ 55506 b SB1391 - 63 - LRB103 29120 AWJ 55506 b 1 the year in which the ordinance approving the redevelopment 2 project area was adopted if a reference to that ordinance is 3 added to this Section on or after July 1, 2023: 4 (1) If the ordinance was adopted before January 15, 5 1981. 6 (2) If the ordinance was adopted in December 1983, 7 April 1984, July 1985, or December 1989. 8 (3) If the ordinance was adopted in December 1987 and 9 the redevelopment project is located within one mile of 10 Midway Airport. 11 (4) If the ordinance was adopted before January 1, 12 1987 by a municipality in Mason County. 13 (5) If the municipality is subject to the Local 14 Government Financial Planning and Supervision Act or the 15 Financially Distressed City Law. 16 (6) If the ordinance was adopted in December 1984 by 17 the Village of Rosemont. 18 (7) If the ordinance was adopted on December 31, 1986 19 by a municipality located in Clinton County for which at 20 least $250,000 of tax increment bonds were authorized on 21 June 17, 1997, or if the ordinance was adopted on December 22 31, 1986 by a municipality with a population in 1990 of 23 less than 3,600 that is located in a county with a 24 population in 1990 of less than 34,000 and for which at 25 least $250,000 of tax increment bonds were authorized on 26 June 17, 1997. SB1391 - 63 - LRB103 29120 AWJ 55506 b SB1391- 64 -LRB103 29120 AWJ 55506 b SB1391 - 64 - LRB103 29120 AWJ 55506 b SB1391 - 64 - LRB103 29120 AWJ 55506 b 1 (8) If the ordinance was adopted on October 5, 1982 by 2 the City of Kankakee, or if the ordinance was adopted on 3 December 29, 1986 by East St. Louis. 4 (9) If the ordinance was adopted on November 12, 1991 5 by the Village of Sauget. 6 (10) If the ordinance was adopted on February 11, 1985 7 by the City of Rock Island. 8 (11) If the ordinance was adopted before December 18, 9 1986 by the City of Moline. 10 (12) If the ordinance was adopted in September 1988 by 11 Sauk Village. 12 (13) If the ordinance was adopted in October 1993 by 13 Sauk Village. 14 (14) If the ordinance was adopted on December 29, 1986 15 by the City of Galva. 16 (15) If the ordinance was adopted in March 1991 by the 17 City of Centreville. 18 (16) If the ordinance was adopted on January 23, 1991 19 by the City of East St. Louis. 20 (17) If the ordinance was adopted on December 22, 1986 21 by the City of Aledo. 22 (18) If the ordinance was adopted on February 5, 1990 23 by the City of Clinton. 24 (19) If the ordinance was adopted on September 6, 1994 25 by the City of Freeport. 26 (20) If the ordinance was adopted on December 22, 1986 SB1391 - 64 - LRB103 29120 AWJ 55506 b SB1391- 65 -LRB103 29120 AWJ 55506 b SB1391 - 65 - LRB103 29120 AWJ 55506 b SB1391 - 65 - LRB103 29120 AWJ 55506 b 1 by the City of Tuscola. 2 (21) If the ordinance was adopted on December 23, 1986 3 by the City of Sparta. 4 (22) If the ordinance was adopted on December 23, 1986 5 by the City of Beardstown. 6 (23) If the ordinance was adopted on April 27, 1981, 7 October 21, 1985, or December 30, 1986 by the City of 8 Belleville. 9 (24) If the ordinance was adopted on December 29, 1986 10 by the City of Collinsville. 11 (25) If the ordinance was adopted on September 14, 12 1994 by the City of Alton. 13 (26) If the ordinance was adopted on November 11, 1996 14 by the City of Lexington. 15 (27) If the ordinance was adopted on November 5, 1984 16 by the City of LeRoy. 17 (28) If the ordinance was adopted on April 3, 1991 or 18 June 3, 1992 by the City of Markham. 19 (29) If the ordinance was adopted on November 11, 1986 20 by the City of Pekin. 21 (30) If the ordinance was adopted on December 15, 1981 22 by the City of Champaign. 23 (31) If the ordinance was adopted on December 15, 1986 24 by the City of Urbana. 25 (32) If the ordinance was adopted on December 15, 1986 26 by the Village of Heyworth. SB1391 - 65 - LRB103 29120 AWJ 55506 b SB1391- 66 -LRB103 29120 AWJ 55506 b SB1391 - 66 - LRB103 29120 AWJ 55506 b SB1391 - 66 - LRB103 29120 AWJ 55506 b 1 (33) If the ordinance was adopted on February 24, 1992 2 by the Village of Heyworth. 3 (34) If the ordinance was adopted on March 16, 1995 by 4 the Village of Heyworth. 5 (35) If the ordinance was adopted on December 23, 1986 6 by the Town of Cicero. 7 (36) If the ordinance was adopted on December 30, 1986 8 by the City of Effingham. 9 (37) If the ordinance was adopted on May 9, 1991 by the 10 Village of Tilton. 11 (38) If the ordinance was adopted on October 20, 1986 12 by the City of Elmhurst. 13 (39) If the ordinance was adopted on January 19, 1988 14 by the City of Waukegan. 15 (40) If the ordinance was adopted on September 21, 16 1998 by the City of Waukegan. 17 (41) If the ordinance was adopted on December 31, 1986 18 by the City of Sullivan. 19 (42) If the ordinance was adopted on December 23, 1991 20 by the City of Sullivan. 21 (43) If the ordinance was adopted on December 31, 1986 22 by the City of Oglesby. 23 (44) If the ordinance was adopted on July 28, 1987 by 24 the City of Marion. 25 (45) If the ordinance was adopted on April 23, 1990 by 26 the City of Marion. SB1391 - 66 - LRB103 29120 AWJ 55506 b SB1391- 67 -LRB103 29120 AWJ 55506 b SB1391 - 67 - LRB103 29120 AWJ 55506 b SB1391 - 67 - LRB103 29120 AWJ 55506 b 1 (46) If the ordinance was adopted on August 20, 1985 2 by the Village of Mount Prospect. 3 (47) If the ordinance was adopted on February 2, 1998 4 by the Village of Woodhull. 5 (48) If the ordinance was adopted on April 20, 1993 by 6 the Village of Princeville. 7 (49) If the ordinance was adopted on July 1, 1986 by 8 the City of Granite City. 9 (50) If the ordinance was adopted on February 2, 1989 10 by the Village of Lombard. 11 (51) If the ordinance was adopted on December 29, 1986 12 by the Village of Gardner. 13 (52) If the ordinance was adopted on July 14, 1999 by 14 the Village of Paw Paw. 15 (53) If the ordinance was adopted on November 17, 1986 16 by the Village of Franklin Park. 17 (54) If the ordinance was adopted on November 20, 1989 18 by the Village of South Holland. 19 (55) If the ordinance was adopted on July 14, 1992 by 20 the Village of Riverdale. 21 (56) If the ordinance was adopted on December 29, 1986 22 by the City of Galesburg. 23 (57) If the ordinance was adopted on April 1, 1985 by 24 the City of Galesburg. 25 (58) If the ordinance was adopted on May 21, 1990 by 26 the City of West Chicago. SB1391 - 67 - LRB103 29120 AWJ 55506 b SB1391- 68 -LRB103 29120 AWJ 55506 b SB1391 - 68 - LRB103 29120 AWJ 55506 b SB1391 - 68 - LRB103 29120 AWJ 55506 b 1 (59) If the ordinance was adopted on December 16, 1986 2 by the City of Oak Forest. 3 (60) If the ordinance was adopted in 1999 by the City 4 of Villa Grove. 5 (61) If the ordinance was adopted on January 13, 1987 6 by the Village of Mt. Zion. 7 (62) If the ordinance was adopted on December 30, 1986 8 by the Village of Manteno. 9 (63) If the ordinance was adopted on April 3, 1989 by 10 the City of Chicago Heights. 11 (64) If the ordinance was adopted on January 6, 1999 12 by the Village of Rosemont. 13 (65) If the ordinance was adopted on December 19, 2000 14 by the Village of Stone Park. 15 (66) If the ordinance was adopted on December 22, 1986 16 by the City of DeKalb. 17 (67) If the ordinance was adopted on December 2, 1986 18 by the City of Aurora. 19 (68) If the ordinance was adopted on December 31, 1986 20 by the Village of Milan. 21 (69) If the ordinance was adopted on September 8, 1994 22 by the City of West Frankfort. 23 (70) If the ordinance was adopted on December 23, 1986 24 by the Village of Libertyville. 25 (71) If the ordinance was adopted on December 22, 1986 26 by the Village of Hoffman Estates. SB1391 - 68 - LRB103 29120 AWJ 55506 b SB1391- 69 -LRB103 29120 AWJ 55506 b SB1391 - 69 - LRB103 29120 AWJ 55506 b SB1391 - 69 - LRB103 29120 AWJ 55506 b 1 (72) If the ordinance was adopted on September 17, 2 1986 by the Village of Sherman. 3 (73) If the ordinance was adopted on December 16, 1986 4 by the City of Macomb. 5 (74) If the ordinance was adopted on June 11, 2002 by 6 the City of East Peoria to create the West Washington 7 Street TIF. 8 (75) If the ordinance was adopted on June 11, 2002 by 9 the City of East Peoria to create the Camp Street TIF. 10 (76) If the ordinance was adopted on August 7, 2000 by 11 the City of Des Plaines. 12 (77) If the ordinance was adopted on December 22, 1986 13 by the City of Washington to create the Washington Square 14 TIF #2. 15 (78) If the ordinance was adopted on December 29, 1986 16 by the City of Morris. 17 (79) If the ordinance was adopted on July 6, 1998 by 18 the Village of Steeleville. 19 (80) If the ordinance was adopted on December 29, 1986 20 by the City of Pontiac to create TIF I (the Main St TIF). 21 (81) If the ordinance was adopted on December 29, 1986 22 by the City of Pontiac to create TIF II (the Interstate 23 TIF). 24 (82) If the ordinance was adopted on November 6, 2002 25 by the City of Chicago to create the Madden/Wells TIF 26 District. SB1391 - 69 - LRB103 29120 AWJ 55506 b SB1391- 70 -LRB103 29120 AWJ 55506 b SB1391 - 70 - LRB103 29120 AWJ 55506 b SB1391 - 70 - LRB103 29120 AWJ 55506 b 1 (83) If the ordinance was adopted on November 4, 1998 2 by the City of Chicago to create the Roosevelt/Racine TIF 3 District. 4 (84) If the ordinance was adopted on June 10, 1998 by 5 the City of Chicago to create the Stony Island 6 Commercial/Burnside Industrial Corridors TIF District. 7 (85) If the ordinance was adopted on November 29, 1989 8 by the City of Chicago to create the Englewood Mall TIF 9 District. 10 (86) If the ordinance was adopted on December 27, 1986 11 by the City of Mendota. 12 (87) If the ordinance was adopted on December 31, 1986 13 by the Village of Cahokia. 14 (88) If the ordinance was adopted on September 20, 15 1999 by the City of Belleville. 16 (89) If the ordinance was adopted on December 30, 1986 17 by the Village of Bellevue to create the Bellevue TIF 18 District 1. 19 (90) If the ordinance was adopted on December 13, 1993 20 by the Village of Crete. 21 (91) If the ordinance was adopted on February 12, 2001 22 by the Village of Crete. 23 (92) If the ordinance was adopted on April 23, 2001 by 24 the Village of Crete. 25 (93) If the ordinance was adopted on December 16, 1986 26 by the City of Champaign. SB1391 - 70 - LRB103 29120 AWJ 55506 b SB1391- 71 -LRB103 29120 AWJ 55506 b SB1391 - 71 - LRB103 29120 AWJ 55506 b SB1391 - 71 - LRB103 29120 AWJ 55506 b 1 (94) If the ordinance was adopted on December 20, 1986 2 by the City of Charleston. 3 (95) If the ordinance was adopted on June 6, 1989 by 4 the Village of Romeoville. 5 (96) If the ordinance was adopted on October 14, 1993 6 and amended on August 2, 2010 by the City of Venice. 7 (97) If the ordinance was adopted on June 1, 1994 by 8 the City of Markham. 9 (98) If the ordinance was adopted on May 19, 1998 by 10 the Village of Bensenville. 11 (99) If the ordinance was adopted on November 12, 1987 12 by the City of Dixon. 13 (100) If the ordinance was adopted on December 20, 14 1988 by the Village of Lansing. 15 (101) If the ordinance was adopted on October 27, 1998 16 by the City of Moline. 17 (102) If the ordinance was adopted on May 21, 1991 by 18 the Village of Glenwood. 19 (103) If the ordinance was adopted on January 28, 1992 20 by the City of East Peoria. 21 (104) If the ordinance was adopted on December 14, 22 1998 by the City of Carlyle. 23 (105) If the ordinance was adopted on May 17, 2000, as 24 subsequently amended, by the City of Chicago to create the 25 Midwest Redevelopment TIF District. 26 (106) If the ordinance was adopted on September 13, SB1391 - 71 - LRB103 29120 AWJ 55506 b SB1391- 72 -LRB103 29120 AWJ 55506 b SB1391 - 72 - LRB103 29120 AWJ 55506 b SB1391 - 72 - LRB103 29120 AWJ 55506 b 1 1989 by the City of Chicago to create the Michigan/Cermak 2 Area TIF District. 3 (107) If the ordinance was adopted on March 30, 1992 4 by the Village of Ohio. 5 (108) If the ordinance was adopted on July 6, 1998 by 6 the Village of Orangeville. 7 (109) If the ordinance was adopted on December 16, 8 1997 by the Village of Germantown. 9 (110) If the ordinance was adopted on April 28, 2003 10 by Gibson City. 11 (111) If the ordinance was adopted on December 18, 12 1990 by the Village of Washington Park, but only after the 13 Village of Washington Park becomes compliant with the 14 reporting requirements under subsection (d) of Section 15 11-74.4-5, and after the State Comptroller's certification 16 of such compliance. 17 (112) If the ordinance was adopted on February 28, 18 2000 by the City of Harvey. 19 (113) If the ordinance was adopted on January 11, 1991 20 by the City of Chicago to create the Read/Dunning TIF 21 District. 22 (114) If the ordinance was adopted on July 24, 1991 by 23 the City of Chicago to create the Sanitary and Ship Canal 24 TIF District. 25 (115) If the ordinance was adopted on December 4, 2007 26 by the City of Naperville. SB1391 - 72 - LRB103 29120 AWJ 55506 b SB1391- 73 -LRB103 29120 AWJ 55506 b SB1391 - 73 - LRB103 29120 AWJ 55506 b SB1391 - 73 - LRB103 29120 AWJ 55506 b 1 (116) If the ordinance was adopted on July 1, 2002 by 2 the Village of Arlington Heights. 3 (117) If the ordinance was adopted on February 11, 4 1991 by the Village of Machesney Park. 5 (118) If the ordinance was adopted on December 29, 6 1993 by the City of Ottawa. 7 (119) If the ordinance was adopted on June 4, 1991 by 8 the Village of Lansing. 9 (120) If the ordinance was adopted on February 10, 10 2004 by the Village of Fox Lake. 11 (121) If the ordinance was adopted on December 22, 12 1992 by the City of Fairfield. 13 (122) If the ordinance was adopted on February 10, 14 1992 by the City of Mt. Sterling. 15 (123) If the ordinance was adopted on March 15, 2004 16 by the City of Batavia. 17 (124) If the ordinance was adopted on March 18, 2002 18 by the Village of Lake Zurich. 19 (125) If the ordinance was adopted on September 23, 20 1997 by the City of Granite City. 21 (126) If the ordinance was adopted on May 8, 2013 by 22 the Village of Rosemont to create the Higgins Road/River 23 Road TIF District No. 6. 24 (127) If the ordinance was adopted on November 22, 25 1993 by the City of Arcola. 26 (128) If the ordinance was adopted on September 7, SB1391 - 73 - LRB103 29120 AWJ 55506 b SB1391- 74 -LRB103 29120 AWJ 55506 b SB1391 - 74 - LRB103 29120 AWJ 55506 b SB1391 - 74 - LRB103 29120 AWJ 55506 b 1 2004 by the City of Arcola. 2 (129) If the ordinance was adopted on November 29, 3 1999 by the City of Paris. 4 (130) If the ordinance was adopted on September 20, 5 1994 by the City of Ottawa to create the U.S. Route 6 East 6 Ottawa TIF. 7 (131) If the ordinance was adopted on May 2, 2002 by 8 the Village of Crestwood. 9 (132) If the ordinance was adopted on October 27, 1992 10 by the City of Blue Island. 11 (133) If the ordinance was adopted on December 23, 12 1993 by the City of Lacon. 13 (134) If the ordinance was adopted on May 4, 1998 by 14 the Village of Bradford. 15 (135) If the ordinance was adopted on June 11, 2002 by 16 the City of Oak Forest. 17 (136) If the ordinance was adopted on November 16, 18 1992 by the City of Pinckneyville. 19 (137) If the ordinance was adopted on March 1, 2001 by 20 the Village of South Jacksonville. 21 (138) If the ordinance was adopted on February 26, 22 1992 by the City of Chicago to create the Stockyards 23 Southeast Quadrant TIF District. 24 (139) If the ordinance was adopted on January 25, 1993 25 by the City of LaSalle. 26 (140) If the ordinance was adopted on December 23, SB1391 - 74 - LRB103 29120 AWJ 55506 b SB1391- 75 -LRB103 29120 AWJ 55506 b SB1391 - 75 - LRB103 29120 AWJ 55506 b SB1391 - 75 - LRB103 29120 AWJ 55506 b 1 1997 by the Village of Dieterich. 2 (141) If the ordinance was adopted on February 10, 3 2016 by the Village of Rosemont to create the 4 Balmoral/Pearl TIF No. 8 Tax Increment Financing 5 Redevelopment Project Area. 6 (142) If the ordinance was adopted on June 11, 2002 by 7 the City of Oak Forest. 8 (143) If the ordinance was adopted on January 31, 1995 9 by the Village of Milledgeville. 10 (144) If the ordinance was adopted on February 5, 1996 11 by the Village of Pearl City. 12 (145) If the ordinance was adopted on December 21, 13 1994 by the City of Calumet City. 14 (146) If the ordinance was adopted on May 5, 2003 by 15 the Town of Normal. 16 (147) If the ordinance was adopted on June 2, 1998 by 17 the City of Litchfield. 18 (148) If the ordinance was adopted on October 23, 1995 19 by the City of Marion. 20 (149) If the ordinance was adopted on May 24, 2001 by 21 the Village of Hanover Park. 22 (150) If the ordinance was adopted on May 30, 1995 by 23 the Village of Dalzell. 24 (151) If the ordinance was adopted on April 15, 1997 25 by the City of Edwardsville. 26 (152) If the ordinance was adopted on September 5, SB1391 - 75 - LRB103 29120 AWJ 55506 b SB1391- 76 -LRB103 29120 AWJ 55506 b SB1391 - 76 - LRB103 29120 AWJ 55506 b SB1391 - 76 - LRB103 29120 AWJ 55506 b 1 1995 by the City of Granite City. 2 (153) If the ordinance was adopted on June 21, 1999 by 3 the Village of Table Grove. 4 (154) If the ordinance was adopted on February 23, 5 1995 by the City of Springfield. 6 (155) If the ordinance was adopted on August 11, 1999 7 by the City of Monmouth. 8 (156) If the ordinance was adopted on December 26, 9 1995 by the Village of Posen. 10 (157) If the ordinance was adopted on July 1, 1995 by 11 the Village of Caseyville. 12 (158) If the ordinance was adopted on January 30, 1996 13 by the City of Madison. 14 (159) If the ordinance was adopted on February 2, 1996 15 by the Village of Hartford. 16 (160) If the ordinance was adopted on July 2, 1996 by 17 the Village of Manlius. 18 (161) If the ordinance was adopted on March 21, 2000 19 by the City of Hoopeston. 20 (162) If the ordinance was adopted on March 22, 2005 21 by the City of Hoopeston. 22 (163) If the ordinance was adopted on July 10, 1996 by 23 the City of Chicago to create the Goose Island TIF 24 District. 25 (164) If the ordinance was adopted on December 11, 26 1996 by the City of Chicago to create the Bryn SB1391 - 76 - LRB103 29120 AWJ 55506 b SB1391- 77 -LRB103 29120 AWJ 55506 b SB1391 - 77 - LRB103 29120 AWJ 55506 b SB1391 - 77 - LRB103 29120 AWJ 55506 b 1 Mawr/Broadway TIF District. 2 (165) If the ordinance was adopted on December 31, 3 1995 by the City of Chicago to create the 95th/Western TIF 4 District. 5 (166) If the ordinance was adopted on October 7, 1998 6 by the City of Chicago to create the 71st and Stony Island 7 TIF District. 8 (167) If the ordinance was adopted on April 19, 1995 9 by the Village of North Utica. 10 (168) If the ordinance was adopted on April 22, 1996 11 by the City of LaSalle. 12 (169) If the ordinance was adopted on June 9, 2008 by 13 the City of Country Club Hills. 14 (170) If the ordinance was adopted on July 3, 1996 by 15 the Village of Phoenix. 16 (171) If the ordinance was adopted on May 19, 1997 by 17 the Village of Swansea. 18 (172) If the ordinance was adopted on August 13, 2001 19 by the Village of Saunemin. 20 (173) If the ordinance was adopted on January 10, 2005 21 by the Village of Romeoville. 22 (174) If the ordinance was adopted on January 28, 1997 23 by the City of Berwyn for the South Berwyn Corridor Tax 24 Increment Financing District. 25 (175) If the ordinance was adopted on January 28, 1997 26 by the City of Berwyn for the Roosevelt Road Tax Increment SB1391 - 77 - LRB103 29120 AWJ 55506 b SB1391- 78 -LRB103 29120 AWJ 55506 b SB1391 - 78 - LRB103 29120 AWJ 55506 b SB1391 - 78 - LRB103 29120 AWJ 55506 b 1 Financing District. 2 (176) If the ordinance was adopted on May 3, 2001 by 3 the Village of Hanover Park for the Village Center Tax 4 Increment Financing Redevelopment Project Area (TIF # 3). 5 (177) If the ordinance was adopted on January 1, 1996 6 by the City of Savanna. 7 (178) If the ordinance was adopted on January 28, 2002 8 by the Village of Okawville. 9 (179) If the ordinance was adopted on October 4, 1999 10 by the City of Vandalia. 11 (180) If the ordinance was adopted on June 16, 2003 by 12 the City of Rushville. 13 (181) If the ordinance was adopted on December 7, 1998 14 by the City of Quincy for the Central Business District 15 West Tax Increment Redevelopment Project Area. 16 (182) If the ordinance was adopted on March 27, 1997 17 by the Village of Maywood approving the Roosevelt Road TIF 18 District. 19 (183) If the ordinance was adopted on March 27, 1997 20 by the Village of Maywood approving the Madison 21 Street/Fifth Avenue TIF District. 22 (184) If the ordinance was adopted on November 10, 23 1997 by the Village of Park Forest. 24 (185) If the ordinance was adopted on July 30, 1997 by 25 the City of Chicago to create the Near North TIF district. 26 (186) If the ordinance was adopted on December 1, 2000 SB1391 - 78 - LRB103 29120 AWJ 55506 b SB1391- 79 -LRB103 29120 AWJ 55506 b SB1391 - 79 - LRB103 29120 AWJ 55506 b SB1391 - 79 - LRB103 29120 AWJ 55506 b 1 by the Village of Mahomet. 2 (187) If the ordinance was adopted on June 16, 1999 by 3 the Village of Washburn. 4 (188) If the ordinance was adopted on August 19, 1998 5 by the Village of New Berlin. 6 (189) If the ordinance was adopted on February 5, 2002 7 by the City of Highwood. 8 (190) If the ordinance was adopted on June 1, 1997 by 9 the City of Flora. 10 (191) If the ordinance was adopted on August 17, 1999 11 by the City of Ottawa. 12 (192) If the ordinance was adopted on June 13, 2005 by 13 the City of Mount Carroll. 14 (193) If the ordinance was adopted on March 25, 2008 15 by the Village of Elizabeth. 16 (194) If the ordinance was adopted on February 22, 17 2000 by the City of Mount Pulaski. 18 (195) If the ordinance was adopted on November 21, 19 2000 by the City of Effingham. 20 (196) If the ordinance was adopted on January 28, 2003 21 by the City of Effingham. 22 (197) If the ordinance was adopted on February 4, 2008 23 by the City of Polo. 24 (198) If the ordinance was adopted on August 17, 2005 25 by the Village of Bellwood to create the Park Place TIF. 26 (199) If the ordinance was adopted on July 16, 2014 by SB1391 - 79 - LRB103 29120 AWJ 55506 b SB1391- 80 -LRB103 29120 AWJ 55506 b SB1391 - 80 - LRB103 29120 AWJ 55506 b SB1391 - 80 - LRB103 29120 AWJ 55506 b 1 the Village of Bellwood to create the North-2014 TIF. 2 (200) If the ordinance was adopted on July 16, 2014 by 3 the Village of Bellwood to create the South-2014 TIF. 4 (201) If the ordinance was adopted on July 16, 2014 by 5 the Village of Bellwood to create the Central Metro-2014 6 TIF. 7 (202) If the ordinance was adopted on September 17, 8 2014 by the Village of Bellwood to create the Addison 9 Creek "A" (Southwest)-2014 TIF. 10 (203) If the ordinance was adopted on September 17, 11 2014 by the Village of Bellwood to create the Addison 12 Creek "B" (Northwest)-2014 TIF. 13 (204) If the ordinance was adopted on September 17, 14 2014 by the Village of Bellwood to create the Addison 15 Creek "C" (Northeast)-2014 TIF. 16 (205) If the ordinance was adopted on September 17, 17 2014 by the Village of Bellwood to create the Addison 18 Creek "D" (Southeast)-2014 TIF. 19 (206) If the ordinance was adopted on June 26, 2007 by 20 the City of Peoria. 21 (207) If the ordinance was adopted on October 28, 2008 22 by the City of Peoria. 23 (208) If the ordinance was adopted on April 4, 2000 by 24 the City of Joliet to create the Joliet City Center TIF 25 District. 26 (209) If the ordinance was adopted on July 8, 1998 by SB1391 - 80 - LRB103 29120 AWJ 55506 b SB1391- 81 -LRB103 29120 AWJ 55506 b SB1391 - 81 - LRB103 29120 AWJ 55506 b SB1391 - 81 - LRB103 29120 AWJ 55506 b 1 the City of Chicago to create the 43rd/Cottage Grove TIF 2 district. 3 (210) If the ordinance was adopted on July 8, 1998 by 4 the City of Chicago to create the 79th Street Corridor TIF 5 district. 6 (211) If the ordinance was adopted on November 4, 1998 7 by the City of Chicago to create the Bronzeville TIF 8 district. 9 (212) If the ordinance was adopted on February 5, 1998 10 by the City of Chicago to create the Homan/Arthington TIF 11 district. 12 (213) If the ordinance was adopted on December 8, 1998 13 by the Village of Plainfield. 14 (214) If the ordinance was adopted on July 17, 2000 by 15 the Village of Homer. 16 (215) If the ordinance was adopted on December 27, 17 2006 by the City of Greenville. 18 (216) If the ordinance was adopted on June 10, 1998 by 19 the City of Chicago to create the Kinzie Industrial TIF 20 district. 21 (217) If the ordinance was adopted on December 2, 1998 22 by the City of Chicago to create the Northwest Industrial 23 TIF district. 24 (218) If the ordinance was adopted on June 10, 1998 by 25 the City of Chicago to create the Pilsen Industrial TIF 26 district. SB1391 - 81 - LRB103 29120 AWJ 55506 b SB1391- 82 -LRB103 29120 AWJ 55506 b SB1391 - 82 - LRB103 29120 AWJ 55506 b SB1391 - 82 - LRB103 29120 AWJ 55506 b 1 (219) If the ordinance was adopted on January 14, 1997 2 by the City of Chicago to create the 35th/Halsted TIF 3 district. 4 (220) If the ordinance was adopted on June 9, 1999 by 5 the City of Chicago to create the Pulaski Corridor TIF 6 district. 7 (221) If the ordinance was adopted on December 16, 8 1997 by the City of Springfield to create the Enos Park 9 Neighborhood TIF District. 10 (222) If the ordinance was adopted on February 5, 1998 11 by the City of Chicago to create the Roosevelt/Cicero 12 redevelopment project area. 13 (223) If the ordinance was adopted on February 5, 1998 14 by the City of Chicago to create the Western/Ogden 15 redevelopment project area. 16 (224) If the ordinance was adopted on July 21, 1999 by 17 the City of Chicago to create the 24th/Michigan Avenue 18 redevelopment project area. 19 (225) If the ordinance was adopted on January 20, 1999 20 by the City of Chicago to create the Woodlawn 21 redevelopment project area. 22 (226) If the ordinance was adopted on July 7, 1999 by 23 the City of Chicago to create the Clark/Montrose 24 redevelopment project area. 25 (227) If the ordinance was adopted on November 4, 2003 26 by the City of Madison to create the Rivers Edge SB1391 - 82 - LRB103 29120 AWJ 55506 b SB1391- 83 -LRB103 29120 AWJ 55506 b SB1391 - 83 - LRB103 29120 AWJ 55506 b SB1391 - 83 - LRB103 29120 AWJ 55506 b 1 redevelopment project area. 2 (228) If the ordinance was adopted on August 12, 2003 3 by the City of Madison to create the Caine Street 4 redevelopment project area. 5 (229) If the ordinance was adopted on March 7, 2000 by 6 the City of Madison to create the East Madison TIF. 7 (230) If the ordinance was adopted on August 3, 2001 8 by the Village of Aviston. 9 (231) If the ordinance was adopted on August 22, 2011 10 by the Village of Warren. 11 (232) If the ordinance was adopted on April 8, 1999 by 12 the City of Farmer City. 13 (233) If the ordinance was adopted on August 4, 1999 14 by the Village of Fairmont City. 15 (234) If the ordinance was adopted on October 2, 1999 16 by the Village of Fairmont City. 17 (235) If the ordinance was adopted December 16, 1999 18 by the City of Springfield. 19 (236) If the ordinance was adopted on December 13, 20 1999 by the Village of Palatine to create the Village of 21 Palatine Downtown Area TIF District. 22 (237) If the ordinance was adopted on September 29, 23 1999 by the City of Chicago to create the 111th/Kedzie 24 redevelopment project area. 25 (238) If the ordinance was adopted on November 12, 26 1998 by the City of Chicago to create the Canal/Congress SB1391 - 83 - LRB103 29120 AWJ 55506 b SB1391- 84 -LRB103 29120 AWJ 55506 b SB1391 - 84 - LRB103 29120 AWJ 55506 b SB1391 - 84 - LRB103 29120 AWJ 55506 b 1 redevelopment project area. 2 (239) If the ordinance was adopted on July 7, 1999 by 3 the City of Chicago to create the Galewood/Armitage 4 Industrial redevelopment project area. 5 (240) If the ordinance was adopted on September 29, 6 1999 by the City of Chicago to create the Madison/Austin 7 Corridor redevelopment project area. 8 (241) If the ordinance was adopted on April 12, 2000 9 by the City of Chicago to create the South Chicago 10 redevelopment project area. 11 (242) If the ordinance was adopted on January 9, 2002 12 by the Village of Elkhart. 13 (243) If the ordinance was adopted on May 23, 2000 by 14 the City of Robinson to create the West Robinson 15 Industrial redevelopment project area. 16 (244) If the ordinance was adopted on October 9, 2001 17 by the City of Robinson to create the Downtown Robinson 18 redevelopment project area. 19 (245) If the ordinance was adopted on September 19, 20 2000 by the Village of Valmeyer. 21 (246) If the ordinance was adopted on April 15, 2002 22 by the City of McHenry to create the Downtown TIF 23 district. 24 On or after the effective date of this amendatory Act of 25 the 103rd General Assembly, before the completion date may be 26 extended under this subsection to the 22nd calendar year after SB1391 - 84 - LRB103 29120 AWJ 55506 b SB1391- 85 -LRB103 29120 AWJ 55506 b SB1391 - 85 - LRB103 29120 AWJ 55506 b SB1391 - 85 - LRB103 29120 AWJ 55506 b 1 the year in which the ordinance approving the redevelopment 2 project area was adopted, the joint review board created under 3 subsection (b) of Section 11-74.4-5 shall convene and issue a 4 written report describing its decision whether or not to 5 extend the completion date of the redevelopment project area. 6 Each member of the joint review board must agree, with written 7 support, to the extension and length of the extension of the 8 completion date of the redevelopment project area. If the 9 joint review board does not file a report, it shall be presumed 10 that the taxing bodies approve the extension of the life of the 11 redevelopment project area. If both the municipality and the 12 joint review board elect to extend the completion date under 13 this subsection, the municipality shall give at least 30 days' 14 written notice to the taxing bodies before the adoption of the 15 ordinance approving the extension of the completion date. The 16 joint review board shall issue this report within 90 days 17 after receiving written notification of the municipality's 18 intent to extend the completion date of the redevelopment 19 project area. 20 (d) For redevelopment project areas for which bonds were 21 issued before July 29, 1991, or for which contracts were 22 entered into before June 1, 1988, in connection with a 23 redevelopment project in the area within the State Sales Tax 24 Boundary, the estimated dates of completion of the 25 redevelopment project and retirement of obligations to finance 26 redevelopment project costs (including refunding bonds under SB1391 - 85 - LRB103 29120 AWJ 55506 b SB1391- 86 -LRB103 29120 AWJ 55506 b SB1391 - 86 - LRB103 29120 AWJ 55506 b SB1391 - 86 - LRB103 29120 AWJ 55506 b 1 Section 11-74.4-7) may be extended by municipal ordinance to 2 December 31, 2013. The termination procedures of subsection 3 (b) of Section 11-74.4-8 are not required for these 4 redevelopment project areas in 2009 but are required in 2013. 5 The extension allowed by Public Act 87-1272 shall not apply to 6 real property tax increment allocation financing under Section 7 11-74.4-8. 8 (e) Those dates, for purposes of real property tax 9 increment allocation financing pursuant to Section 11-74.4-8 10 only, shall be not more than 35 years for redevelopment 11 project areas that were adopted on or after December 16, 1986 12 and for which at least $8 million worth of municipal bonds were 13 authorized on or after December 19, 1989 but before January 1, 14 1990; provided that the municipality elects to extend the life 15 of the redevelopment project area to 35 years by the adoption 16 of an ordinance after at least 14 but not more than 30 days' 17 written notice to the taxing bodies, that would otherwise 18 constitute the joint review board for the redevelopment 19 project area, before the adoption of the ordinance. 20 (f) Those dates, for purposes of real property tax 21 increment allocation financing pursuant to Section 11-74.4-8 22 only, shall be not more than 35 years for redevelopment 23 project areas that were established on or after December 1, 24 1981 but before January 1, 1982 and for which at least 25 $1,500,000 worth of tax increment revenue bonds were 26 authorized on or after September 30, 1990 but before July 1, SB1391 - 86 - LRB103 29120 AWJ 55506 b SB1391- 87 -LRB103 29120 AWJ 55506 b SB1391 - 87 - LRB103 29120 AWJ 55506 b SB1391 - 87 - LRB103 29120 AWJ 55506 b 1 1991; provided that the municipality elects to extend the life 2 of the redevelopment project area to 35 years by the adoption 3 of an ordinance after at least 14 but not more than 30 days' 4 written notice to the taxing bodies, that would otherwise 5 constitute the joint review board for the redevelopment 6 project area, before the adoption of the ordinance. 7 (f-1) (Blank). 8 (f-2) (Blank). 9 (f-3) (Blank). 10 (f-5) Those dates, for purposes of real property tax 11 increment allocation financing pursuant to Section 11-74.4-8 12 only, shall be not more than 47 years for redevelopment 13 project areas listed in this subsection; provided that (i) the 14 municipality adopts an ordinance on or before June 30, 2023 15 extending the life of the redevelopment project area to 47 16 years and (ii) the municipality provides notice to the taxing 17 bodies that would otherwise constitute the joint review board 18 for the redevelopment project area not more than 30 and not 19 less than 14 days prior to the adoption of that ordinance: 20 (1) If the redevelopment project area was established 21 on December 29, 1981 by the City of Springfield. 22 (2) If the redevelopment project area was established 23 on December 29, 1986 by the City of Morris and that is 24 known as the Morris TIF District 1. 25 (3) If the redevelopment project area was established 26 on December 31, 1986 by the Village of Cahokia. SB1391 - 87 - LRB103 29120 AWJ 55506 b SB1391- 88 -LRB103 29120 AWJ 55506 b SB1391 - 88 - LRB103 29120 AWJ 55506 b SB1391 - 88 - LRB103 29120 AWJ 55506 b 1 (4) If the redevelopment project area was established 2 on December 20, 1986 by the City of Charleston. 3 (5) If the redevelopment project area was established 4 on December 23, 1986 by the City of Beardstown. 5 (6) If the redevelopment project area was established 6 on December 23, 1986 by the Town of Cicero. 7 (7) If the redevelopment project area was established 8 on December 29, 1986 by the City of East St. Louis. 9 (8) If the redevelopment project area was established 10 on January 23, 1991 by the City of East St. Louis. 11 (9) If the redevelopment project area was established 12 on December 29, 1986 by the Village of Gardner. 13 (10) If the redevelopment project area was established 14 on June 11, 2002 by the City of East Peoria to create the 15 West Washington Street TIF. 16 (11) If the redevelopment project area was established 17 on December 22, 1986 by the City of Washington creating 18 the Washington Square TIF #2. 19 (12) If the redevelopment project area was established 20 on November 11, 1986 by the City of Pekin. 21 (13) If the redevelopment project area was established 22 on December 30, 1986 by the City of Belleville. 23 (14) If the ordinance was adopted on April 3, 1989 by 24 the City of Chicago Heights. 25 (15) If the redevelopment project area was established 26 on December 29, 1986 by the City of Pontiac to create TIF I SB1391 - 88 - LRB103 29120 AWJ 55506 b SB1391- 89 -LRB103 29120 AWJ 55506 b SB1391 - 89 - LRB103 29120 AWJ 55506 b SB1391 - 89 - LRB103 29120 AWJ 55506 b 1 (the Main St TIF). 2 (16) If the redevelopment project area was established 3 on December 29, 1986 by the City of Pontiac to create TIF 4 II (the Interstate TIF). 5 (g) In consolidating the material relating to completion 6 dates from Sections 11-74.4-3 and 11-74.4-7 into this Section, 7 it is not the intent of the General Assembly to make any 8 substantive change in the law, except for the extension of the 9 completion dates for the City of Aurora, the Village of Milan, 10 the City of West Frankfort, the Village of Libertyville, and 11 the Village of Hoffman Estates set forth under items (67), 12 (68), (69), (70), and (71) of subsection (c) of this Section. 13 (Source: P.A. 101-274, eff. 8-9-19; 101-618, eff. 12-20-19; 14 101-647, eff. 6-26-20; 101-662, eff. 4-2-21; 102-117, eff. 15 7-23-21; 102-424, eff. 8-20-21; 102-425, eff. 8-20-21; 16 102-446, eff. 8-20-21; 102-473, eff. 8-20-21; 102-627, eff. 17 8-27-21; 102-675, eff. 11-30-21; 102-745, eff. 5-6-22; 18 102-818, eff. 5-13-22; 102-1113, eff. 12-21-22.) 19 (65 ILCS 5/11-74.4-5) (from Ch. 24, par. 11-74.4-5) 20 Sec. 11-74.4-5. Public hearing; joint review board. 21 (a) The changes made by this amendatory Act of the 91st 22 General Assembly do not apply to a municipality that, (i) 23 before the effective date of this amendatory Act of the 91st 24 General Assembly, has adopted an ordinance or resolution 25 fixing a time and place for a public hearing under this Section SB1391 - 89 - LRB103 29120 AWJ 55506 b SB1391- 90 -LRB103 29120 AWJ 55506 b SB1391 - 90 - LRB103 29120 AWJ 55506 b SB1391 - 90 - LRB103 29120 AWJ 55506 b 1 or (ii) before July 1, 1999, has adopted an ordinance or 2 resolution providing for a feasibility study under Section 3 11-74.4-4.1, but has not yet adopted an ordinance approving 4 redevelopment plans and redevelopment projects or designating 5 redevelopment project areas under Section 11-74.4-4, until 6 after that municipality adopts an ordinance approving 7 redevelopment plans and redevelopment projects or designating 8 redevelopment project areas under Section 11-74.4-4; 9 thereafter the changes made by this amendatory Act of the 91st 10 General Assembly apply to the same extent that they apply to 11 redevelopment plans and redevelopment projects that were 12 approved and redevelopment projects that were designated 13 before the effective date of this amendatory Act of the 91st 14 General Assembly. 15 Prior to the adoption of an ordinance proposing the 16 designation of a redevelopment project area, or approving a 17 redevelopment plan or redevelopment project, the municipality 18 by its corporate authorities, or as it may determine by any 19 commission designated under subsection (k) of Section 20 11-74.4-4 shall adopt an ordinance or resolution fixing a time 21 and place for public hearing. At least 10 days prior to the 22 adoption of the ordinance or resolution establishing the time 23 and place for the public hearing, the municipality shall make 24 available for public inspection a redevelopment plan or a 25 separate report that provides in reasonable detail the basis 26 for the eligibility of the redevelopment project area. The SB1391 - 90 - LRB103 29120 AWJ 55506 b SB1391- 91 -LRB103 29120 AWJ 55506 b SB1391 - 91 - LRB103 29120 AWJ 55506 b SB1391 - 91 - LRB103 29120 AWJ 55506 b 1 report along with the name of a person to contact for further 2 information shall be sent within a reasonable time after the 3 adoption of such ordinance or resolution to the affected 4 taxing districts by certified mail. On and after the effective 5 date of this amendatory Act of the 91st General Assembly, the 6 municipality shall print in a newspaper of general circulation 7 within the municipality a notice that interested persons may 8 register with the municipality in order to receive information 9 on the proposed designation of a redevelopment project area or 10 the approval of a redevelopment plan. The notice shall state 11 the place of registration and the operating hours of that 12 place. The municipality shall have adopted reasonable rules to 13 implement this registration process under Section 11-74.4-4.2. 14 The municipality shall provide notice of the availability of 15 the redevelopment plan and eligibility report, including how 16 to obtain this information, by mail within a reasonable time 17 after the adoption of the ordinance or resolution, to all 18 residential addresses that, after a good faith effort, the 19 municipality determines are located outside the proposed 20 redevelopment project area and within 750 feet of the 21 boundaries of the proposed redevelopment project area. This 22 requirement is subject to the limitation that in a 23 municipality with a population of over 100,000, if the total 24 number of residential addresses outside the proposed 25 redevelopment project area and within 750 feet of the 26 boundaries of the proposed redevelopment project area exceeds SB1391 - 91 - LRB103 29120 AWJ 55506 b SB1391- 92 -LRB103 29120 AWJ 55506 b SB1391 - 92 - LRB103 29120 AWJ 55506 b SB1391 - 92 - LRB103 29120 AWJ 55506 b 1 750, the municipality shall be required to provide the notice 2 to only the 750 residential addresses that, after a good faith 3 effort, the municipality determines are outside the proposed 4 redevelopment project area and closest to the boundaries of 5 the proposed redevelopment project area. Notwithstanding the 6 foregoing, notice given after August 7, 2001 (the effective 7 date of Public Act 92-263) and before the effective date of 8 this amendatory Act of the 92nd General Assembly to 9 residential addresses within 750 feet of the boundaries of a 10 proposed redevelopment project area shall be deemed to have 11 been sufficiently given in compliance with this Act if given 12 only to residents outside the boundaries of the proposed 13 redevelopment project area. The notice shall also be provided 14 by the municipality, regardless of its population, to those 15 organizations and residents that have registered with the 16 municipality for that information in accordance with the 17 registration guidelines established by the municipality under 18 Section 11-74.4-4.2. 19 At the public hearing any interested person or affected 20 taxing district may file with the municipal clerk written 21 objections to and may be heard orally in respect to any issues 22 embodied in the notice. The municipality shall hear all 23 protests and objections at the hearing and the hearing may be 24 adjourned to another date without further notice other than a 25 motion to be entered upon the minutes fixing the time and place 26 of the subsequent hearing. At the public hearing or at any time SB1391 - 92 - LRB103 29120 AWJ 55506 b SB1391- 93 -LRB103 29120 AWJ 55506 b SB1391 - 93 - LRB103 29120 AWJ 55506 b SB1391 - 93 - LRB103 29120 AWJ 55506 b 1 prior to the adoption by the municipality of an ordinance 2 approving a redevelopment plan, the municipality may make 3 changes in the redevelopment plan. Changes which (1) add 4 additional parcels of property to the proposed redevelopment 5 project area, (2) substantially affect the general land uses 6 proposed in the redevelopment plan, (3) substantially change 7 the nature of or extend the life of the redevelopment project, 8 or (4) increase the number of inhabited residential units to 9 be displaced from the redevelopment project area, as measured 10 from the time of creation of the redevelopment project area, 11 to a total of more than 10, shall be made only after the 12 municipality gives notice, convenes a joint review board, and 13 conducts a public hearing pursuant to the procedures set forth 14 in this Section and in Section 11-74.4-6 of this Act. Changes 15 which do not (1) add additional parcels of property to the 16 proposed redevelopment project area, (2) substantially affect 17 the general land uses proposed in the redevelopment plan, (3) 18 substantially change the nature of or extend the life of the 19 redevelopment project, or (4) increase the number of inhabited 20 residential units to be displaced from the redevelopment 21 project area, as measured from the time of creation of the 22 redevelopment project area, to a total of more than 10, may be 23 made without further hearing, provided that the municipality 24 shall give notice of any such changes by mail to each affected 25 taxing district and registrant on the interested parties 26 registry, provided for under Section 11-74.4-4.2, and by SB1391 - 93 - LRB103 29120 AWJ 55506 b SB1391- 94 -LRB103 29120 AWJ 55506 b SB1391 - 94 - LRB103 29120 AWJ 55506 b SB1391 - 94 - LRB103 29120 AWJ 55506 b 1 publication in a newspaper of general circulation within the 2 affected taxing district. Such notice by mail and by 3 publication shall each occur not later than 10 days following 4 the adoption by ordinance of such changes. Hearings with 5 regard to a redevelopment project area, project or plan may be 6 held simultaneously. 7 (b) Prior to holding a public hearing to approve or amend a 8 redevelopment plan or to designate or add additional parcels 9 of property to a redevelopment project area, the municipality 10 shall convene a joint review board. The board shall consist of 11 a representative selected by each community college district, 12 local elementary school district and high school district or 13 each local community unit school district, park district, 14 library district, township, fire protection district, and 15 county that will have the authority to directly levy taxes on 16 the property within the proposed redevelopment project area at 17 the time that the proposed redevelopment project area is 18 approved, a representative selected by the municipality and a 19 public member. The joint review board shall also include as 20 nonvoting members of the board (i) a representative from a 21 nonprofit organization that provides business resources and 22 support to businesses, appointed by the mayor or president of 23 the municipality, and (ii) each township highway commissioner 24 of a road district located in whole or in part inside the 25 proposed redevelopment project area. The public member shall 26 first be selected and then the board's chairperson shall be SB1391 - 94 - LRB103 29120 AWJ 55506 b SB1391- 95 -LRB103 29120 AWJ 55506 b SB1391 - 95 - LRB103 29120 AWJ 55506 b SB1391 - 95 - LRB103 29120 AWJ 55506 b 1 selected by a majority of the board members present and 2 voting. 3 For redevelopment project areas with redevelopment plans 4 or proposed redevelopment plans that would result in the 5 displacement of residents from 10 or more inhabited 6 residential units or that include 75 or more inhabited 7 residential units, the public member shall be a person who 8 resides in the redevelopment project area. If, as determined 9 by the housing impact study provided for in paragraph (5) of 10 subsection (n) of Section 11-74.4-3, or if no housing impact 11 study is required then based on other reasonable data, the 12 majority of residential units are occupied by very low, low, 13 or moderate income households, as defined in Section 3 of the 14 Illinois Affordable Housing Act, the public member shall be a 15 person who resides in very low, low, or moderate income 16 housing within the redevelopment project area. Municipalities 17 with fewer than 15,000 residents shall not be required to 18 select a person who lives in very low, low, or moderate income 19 housing within the redevelopment project area, provided that 20 the redevelopment plan or project will not result in 21 displacement of residents from 10 or more inhabited units, and 22 the municipality so certifies in the plan. If no person 23 satisfying these requirements is available or if no qualified 24 person will serve as the public member, then the joint review 25 board is relieved of this paragraph's selection requirements 26 for the public member. SB1391 - 95 - LRB103 29120 AWJ 55506 b SB1391- 96 -LRB103 29120 AWJ 55506 b SB1391 - 96 - LRB103 29120 AWJ 55506 b SB1391 - 96 - LRB103 29120 AWJ 55506 b 1 Within 90 days of the effective date of this amendatory 2 Act of the 91st General Assembly, each municipality that 3 designated a redevelopment project area for which it was not 4 required to convene a joint review board under this Section 5 shall convene a joint review board to perform the duties 6 specified under paragraph (e) of this Section. 7 All board members shall be appointed and the first board 8 meeting shall be held at least 14 days but not more than 28 9 days after the mailing of notice by the municipality to the 10 taxing districts as required by Section 11-74.4-6(c). 11 Notwithstanding the preceding sentence, a municipality that 12 adopted either a public hearing resolution or a feasibility 13 resolution between July 1, 1999 and July 1, 2000 that called 14 for the meeting of the joint review board within 14 days of 15 notice of public hearing to affected taxing districts is 16 deemed to be in compliance with the notice, meeting, and 17 public hearing provisions of the Act. Such notice shall also 18 advise the taxing bodies represented on the joint review board 19 of the time and place of the first meeting of the board. 20 Additional meetings of the board shall be held upon the call of 21 any member. The municipality seeking designation of the 22 redevelopment project area shall provide administrative 23 support to the board. 24 The board shall review (i) the public record, planning 25 documents and proposed ordinances approving the redevelopment 26 plan and project and (ii) proposed amendments to the SB1391 - 96 - LRB103 29120 AWJ 55506 b SB1391- 97 -LRB103 29120 AWJ 55506 b SB1391 - 97 - LRB103 29120 AWJ 55506 b SB1391 - 97 - LRB103 29120 AWJ 55506 b 1 redevelopment plan or additions of parcels of property to the 2 redevelopment project area to be adopted by the municipality. 3 As part of its deliberations, the board may hold additional 4 hearings on the proposal. A board's recommendation shall be an 5 advisory, non-binding recommendation. The recommendation shall 6 be adopted by a majority of those members present and voting. 7 The recommendations shall be submitted to the municipality 8 within 30 days after convening of the board. Failure of the 9 board to submit its report on a timely basis shall not be cause 10 to delay the public hearing or any other step in the process of 11 designating or amending the redevelopment project area but 12 shall be deemed to constitute approval by the joint review 13 board of the matters before it. 14 The board shall base its recommendation to approve or 15 disapprove the redevelopment plan and the designation of the 16 redevelopment project area or the amendment of the 17 redevelopment plan or addition of parcels of property to the 18 redevelopment project area on the basis of the redevelopment 19 project area and redevelopment plan satisfying the plan 20 requirements, the eligibility criteria defined in Section 21 11-74.4-3, and the objectives of this Act. 22 The board shall issue a written report describing why the 23 redevelopment plan and project area or the amendment thereof 24 meets or fails to meet one or more of the objectives of this 25 Act and both the plan requirements and the eligibility 26 criteria defined in Section 11-74.4-3. In the event the Board SB1391 - 97 - LRB103 29120 AWJ 55506 b SB1391- 98 -LRB103 29120 AWJ 55506 b SB1391 - 98 - LRB103 29120 AWJ 55506 b SB1391 - 98 - LRB103 29120 AWJ 55506 b 1 does not file a report it shall be presumed that these taxing 2 bodies find the redevelopment project area and redevelopment 3 plan satisfy the objectives of this Act and the plan 4 requirements and eligibility criteria. 5 If the board recommends rejection of the matters before 6 it, the municipality will have 30 days within which to 7 resubmit the plan or amendment. During this period, the 8 municipality will meet and confer with the board and attempt 9 to resolve those issues set forth in the board's written 10 report that led to the rejection of the plan or amendment. 11 Notwithstanding the resubmission set forth above, the 12 municipality may commence the scheduled public hearing and 13 either adjourn the public hearing or continue the public 14 hearing until a date certain. Prior to continuing any public 15 hearing to a date certain, the municipality shall announce 16 during the public hearing the time, date, and location for the 17 reconvening of the public hearing. Any changes to the 18 redevelopment plan necessary to satisfy the issues set forth 19 in the joint review board report shall be the subject of a 20 public hearing before the hearing is adjourned if the changes 21 would (1) substantially affect the general land uses proposed 22 in the redevelopment plan, (2) substantially change the nature 23 of or extend the life of the redevelopment project, or (3) 24 increase the number of inhabited residential units to be 25 displaced from the redevelopment project area, as measured 26 from the time of creation of the redevelopment project area, SB1391 - 98 - LRB103 29120 AWJ 55506 b SB1391- 99 -LRB103 29120 AWJ 55506 b SB1391 - 99 - LRB103 29120 AWJ 55506 b SB1391 - 99 - LRB103 29120 AWJ 55506 b 1 to a total of more than 10. Changes to the redevelopment plan 2 necessary to satisfy the issues set forth in the joint review 3 board report shall not require any further notice or convening 4 of a joint review board meeting, except that any changes to the 5 redevelopment plan that would add additional parcels of 6 property to the proposed redevelopment project area shall be 7 subject to the notice, public hearing, and joint review board 8 meeting requirements established for such changes by 9 subsection (a) of Section 11-74.4-5. 10 In the event that the municipality and the board are 11 unable to resolve these differences, or in the event that the 12 resubmitted plan or amendment is rejected by the board, the 13 municipality may proceed with the plan or amendment, but only 14 upon a three-fifths vote of the corporate authority 15 responsible for approval of the plan or amendment, excluding 16 positions of members that are vacant and those members that 17 are ineligible to vote because of conflicts of interest. 18 After the effective date of this amendatory Act of the 19 103rd General Assembly, a municipality may not approve a new 20 redevelopment project area that overlaps with an existing 21 redevelopment project area or an expansion of a redevelopment 22 project area so that the expanded area will overlap with an 23 existing redevelopment project area. 24 (c) After a municipality has by ordinance approved a 25 redevelopment plan and designated a redevelopment project 26 area, the plan may be amended and additional properties may be SB1391 - 99 - LRB103 29120 AWJ 55506 b SB1391- 100 -LRB103 29120 AWJ 55506 b SB1391 - 100 - LRB103 29120 AWJ 55506 b SB1391 - 100 - LRB103 29120 AWJ 55506 b 1 added to the redevelopment project area only as herein 2 provided. Amendments which (1) add additional parcels of 3 property to the proposed redevelopment project area, (2) 4 substantially affect the general land uses proposed in the 5 redevelopment plan, (3) substantially change the nature of the 6 redevelopment project, (4) increase the total estimated 7 redevelopment project costs set out in the redevelopment plan 8 by more than 5% after adjustment for inflation from the date 9 the plan was adopted, (5) add additional redevelopment project 10 costs to the itemized list of redevelopment project costs set 11 out in the redevelopment plan, or (6) increase the number of 12 inhabited residential units to be displaced from the 13 redevelopment project area, as measured from the time of 14 creation of the redevelopment project area, to a total of more 15 than 10, shall be made only after the municipality gives 16 notice, convenes a joint review board, and conducts a public 17 hearing pursuant to the procedures set forth in this Section 18 and in Section 11-74.4-6 of this Act. Changes which do not (1) 19 add additional parcels of property to the proposed 20 redevelopment project area, (2) substantially affect the 21 general land uses proposed in the redevelopment plan, (3) 22 substantially change the nature of the redevelopment project, 23 (4) increase the total estimated redevelopment project cost 24 set out in the redevelopment plan by more than 5% after 25 adjustment for inflation from the date the plan was adopted, 26 (5) add additional redevelopment project costs to the itemized SB1391 - 100 - LRB103 29120 AWJ 55506 b SB1391- 101 -LRB103 29120 AWJ 55506 b SB1391 - 101 - LRB103 29120 AWJ 55506 b SB1391 - 101 - LRB103 29120 AWJ 55506 b 1 list of redevelopment project costs set out in the 2 redevelopment plan, or (6) increase the number of inhabited 3 residential units to be displaced from the redevelopment 4 project area, as measured from the time of creation of the 5 redevelopment project area, to a total of more than 10, may be 6 made without further public hearing and related notices and 7 procedures including the convening of a joint review board as 8 set forth in Section 11-74.4-6 of this Act, provided that the 9 municipality shall give notice of any such changes by mail to 10 each affected taxing district and registrant on the interested 11 parties registry, provided for under Section 11-74.4-4.2, and 12 by publication in a newspaper of general circulation within 13 the affected taxing district. Such notice by mail and by 14 publication shall each occur not later than 10 days following 15 the adoption by ordinance of such changes. 16 (d) After the effective date of this amendatory Act of the 17 91st General Assembly, a municipality shall submit in an 18 electronic format the following information for each 19 redevelopment project area (i) to the State Comptroller under 20 Section 8-8-3.5 of the Illinois Municipal Code, subject to any 21 extensions or exemptions provided at the Comptroller's 22 discretion under that Section, and (ii) to all taxing 23 districts overlapping the redevelopment project area no later 24 than 180 days after the close of each municipal fiscal year or 25 as soon thereafter as the audited financial statements become 26 available and, in any case, shall be submitted before the SB1391 - 101 - LRB103 29120 AWJ 55506 b SB1391- 102 -LRB103 29120 AWJ 55506 b SB1391 - 102 - LRB103 29120 AWJ 55506 b SB1391 - 102 - LRB103 29120 AWJ 55506 b 1 annual meeting of the Joint Review Board to each of the taxing 2 districts that overlap the redevelopment project area: 3 (1) Any amendments to the redevelopment plan, the 4 redevelopment project area, or the State Sales Tax 5 Boundary. 6 (1.5) A list of the redevelopment project areas 7 administered by the municipality and, if applicable, the 8 date each redevelopment project area was designated or 9 terminated by the municipality. 10 (2) Audited financial statements of the special tax 11 allocation fund once a cumulative total of $100,000 has 12 been deposited in the fund. 13 (3) Certification of the Chief Executive Officer of 14 the municipality that the municipality has complied with 15 all of the requirements of this Act during the preceding 16 fiscal year. 17 (4) An opinion of legal counsel that the municipality 18 is in compliance with this Act. 19 (5) An analysis of the special tax allocation fund 20 which sets forth: 21 (A) the balance in the special tax allocation fund 22 at the beginning of the fiscal year; 23 (B) all amounts deposited in the special tax 24 allocation fund by source; 25 (C) an itemized list of all expenditures from the 26 special tax allocation fund by category of permissible SB1391 - 102 - LRB103 29120 AWJ 55506 b SB1391- 103 -LRB103 29120 AWJ 55506 b SB1391 - 103 - LRB103 29120 AWJ 55506 b SB1391 - 103 - LRB103 29120 AWJ 55506 b 1 redevelopment project cost; and 2 (D) the balance in the special tax allocation fund 3 at the end of the fiscal year including a breakdown of 4 that balance by source and a breakdown of that balance 5 identifying any portion of the balance that is 6 required, pledged, earmarked, or otherwise designated 7 for payment of or securing of obligations and 8 anticipated redevelopment project costs. Any portion 9 of such ending balance that has not been identified or 10 is not identified as being required, pledged, 11 earmarked, or otherwise designated for payment of or 12 securing of obligations or anticipated redevelopment 13 projects costs shall be designated as surplus as set 14 forth in Section 11-74.4-7 hereof. 15 (6) A description of all property purchased by the 16 municipality within the redevelopment project area 17 including: 18 (A) Street address. 19 (B) Approximate size or description of property. 20 (C) Purchase price. 21 (D) Seller of property. 22 (7) A statement setting forth all activities 23 undertaken in furtherance of the objectives of the 24 redevelopment plan, including: 25 (A) Any project implemented in the preceding 26 fiscal year. SB1391 - 103 - LRB103 29120 AWJ 55506 b SB1391- 104 -LRB103 29120 AWJ 55506 b SB1391 - 104 - LRB103 29120 AWJ 55506 b SB1391 - 104 - LRB103 29120 AWJ 55506 b 1 (B) A description of the redevelopment activities 2 undertaken. 3 (C) A description of any agreements entered into 4 by the municipality with regard to the disposition or 5 redevelopment of any property within the redevelopment 6 project area or the area within the State Sales Tax 7 Boundary. 8 (D) Additional information on the use of all funds 9 received under this Division and steps taken by the 10 municipality to achieve the objectives of the 11 redevelopment plan. 12 (E) Information regarding contracts that the 13 municipality's tax increment advisors or consultants 14 have entered into with entities or persons that have 15 received, or are receiving, payments financed by tax 16 increment revenues produced by the same redevelopment 17 project area. 18 (F) Any reports submitted to the municipality by 19 the joint review board. 20 (G) A review of public and, to the extent 21 possible, private investment actually undertaken to 22 date after the effective date of this amendatory Act 23 of the 91st General Assembly and estimated to be 24 undertaken during the following year. This review 25 shall, on a project-by-project basis, set forth the 26 estimated amounts of public and private investment SB1391 - 104 - LRB103 29120 AWJ 55506 b SB1391- 105 -LRB103 29120 AWJ 55506 b SB1391 - 105 - LRB103 29120 AWJ 55506 b SB1391 - 105 - LRB103 29120 AWJ 55506 b 1 incurred after the effective date of this amendatory 2 Act of the 91st General Assembly and provide the ratio 3 of private investment to public investment to the date 4 of the report and as estimated to the completion of the 5 redevelopment project. 6 (8) With regard to any obligations issued by the 7 municipality: 8 (A) copies of any official statements; and 9 (B) an analysis prepared by financial advisor or 10 underwriter, chosen by the municipality, setting forth 11 the: (i) nature and term of obligation; (ii) projected 12 debt service including required reserves and debt 13 coverage; and (iii) actual debt service. 14 (9) For special tax allocation funds that have 15 experienced cumulative deposits of incremental tax 16 revenues of $100,000 or more, a certified audit report 17 reviewing compliance with this Act performed by an 18 independent public accountant certified and licensed by 19 the authority of the State of Illinois. The financial 20 portion of the audit must be conducted in accordance with 21 Standards for Audits of Governmental Organizations, 22 Programs, Activities, and Functions adopted by the 23 Comptroller General of the United States (1981), as 24 amended, or the standards specified by Section 8-8-5 of 25 the Illinois Municipal Auditing Law of the Illinois 26 Municipal Code. The audit report shall contain a letter SB1391 - 105 - LRB103 29120 AWJ 55506 b SB1391- 106 -LRB103 29120 AWJ 55506 b SB1391 - 106 - LRB103 29120 AWJ 55506 b SB1391 - 106 - LRB103 29120 AWJ 55506 b 1 from the independent certified public accountant 2 indicating compliance or noncompliance with the 3 requirements of subsection (q) of Section 11-74.4-3. For 4 redevelopment plans or projects that would result in the 5 displacement of residents from 10 or more inhabited 6 residential units or that contain 75 or more inhabited 7 residential units, notice of the availability of the 8 information, including how to obtain the report, required 9 in this subsection shall also be sent by mail to all 10 residents or organizations that operate in the 11 municipality that register with the municipality for that 12 information according to registration procedures adopted 13 under Section 11-74.4-4.2. All municipalities are subject 14 to this provision. 15 (10) A list of all intergovernmental agreements in 16 effect during the fiscal year to which the municipality is 17 a party and an accounting of any moneys transferred or 18 received by the municipality during that fiscal year 19 pursuant to those intergovernmental agreements. 20 In addition to information required to be reported under 21 this Section, for Fiscal Year 2022 and each fiscal year 22 thereafter, reporting municipalities shall also report to the 23 Comptroller annually in a manner and format prescribed by the 24 Comptroller: (1) the number of jobs, if any, projected to be 25 created for each redevelopment project area at the time of 26 approval of the redevelopment agreement; (2) the number of SB1391 - 106 - LRB103 29120 AWJ 55506 b SB1391- 107 -LRB103 29120 AWJ 55506 b SB1391 - 107 - LRB103 29120 AWJ 55506 b SB1391 - 107 - LRB103 29120 AWJ 55506 b 1 jobs, if any, created as a result of the development to date 2 for that reporting period under the same guidelines and 3 assumptions as was used for the projections used at the time of 4 approval of the redevelopment agreement; (3) the amount of 5 increment projected to be created at the time of approval of 6 the redevelopment agreement for each redevelopment project 7 area; (4) the amount of increment created as a result of the 8 development to date for that reporting period using the same 9 assumptions as was used for the projections used at the time of 10 the approval of the redevelopment agreement; and (5) the 11 stated rate of return identified by the developer to the 12 municipality for each redevelopment project area, if any. 13 Stated rates of return required to be reported in item (5) 14 shall be independently verified by a third party chosen by the 15 municipality. Reporting municipalities shall also report to 16 the Comptroller a copy of the redevelopment plan each time the 17 redevelopment plan is enacted, amended, or extended in a 18 manner and format prescribed by the Comptroller. These 19 requirements shall only apply to redevelopment projects 20 beginning in or after Fiscal Year 2022. 21 (d-1) Prior to the effective date of this amendatory Act 22 of the 91st General Assembly, municipalities with populations 23 of over 1,000,000 shall, after adoption of a redevelopment 24 plan or project, make available upon request to any taxing 25 district in which the redevelopment project area is located 26 the following information: SB1391 - 107 - LRB103 29120 AWJ 55506 b SB1391- 108 -LRB103 29120 AWJ 55506 b SB1391 - 108 - LRB103 29120 AWJ 55506 b SB1391 - 108 - LRB103 29120 AWJ 55506 b 1 (1) Any amendments to the redevelopment plan, the 2 redevelopment project area, or the State Sales Tax 3 Boundary; and 4 (2) In connection with any redevelopment project area 5 for which the municipality has outstanding obligations 6 issued to provide for redevelopment project costs pursuant 7 to Section 11-74.4-7, audited financial statements of the 8 special tax allocation fund. 9 (e) The joint review board shall meet annually 180 days 10 after the close of the municipal fiscal year or as soon as the 11 redevelopment project audit for that fiscal year becomes 12 available to review the effectiveness and status of the 13 redevelopment project area up to that date. 14 (f) (Blank). 15 (g) In the event that a municipality has held a public 16 hearing under this Section prior to March 14, 1994 (the 17 effective date of Public Act 88-537), the requirements imposed 18 by Public Act 88-537 relating to the method of fixing the time 19 and place for public hearing, the materials and information 20 required to be made available for public inspection, and the 21 information required to be sent after adoption of an ordinance 22 or resolution fixing a time and place for public hearing shall 23 not be applicable. 24 (h) On and after the effective date of this amendatory Act 25 of the 96th General Assembly, the State Comptroller must post 26 on the State Comptroller's official website the information SB1391 - 108 - LRB103 29120 AWJ 55506 b SB1391- 109 -LRB103 29120 AWJ 55506 b SB1391 - 109 - LRB103 29120 AWJ 55506 b SB1391 - 109 - LRB103 29120 AWJ 55506 b 1 submitted by a municipality pursuant to subsection (d) of this 2 Section. The information must be posted no later than 45 days 3 after the State Comptroller receives the information from the 4 municipality. The State Comptroller must also post a list of 5 the municipalities not in compliance with the reporting 6 requirements set forth in subsection (d) of this Section. 7 (i) No later than 10 years after the corporate authorities 8 of a municipality adopt an ordinance to establish a 9 redevelopment project area, the municipality must compile a 10 status report concerning the redevelopment project area. The 11 status report must detail without limitation the following: 12 (i) the amount of revenue generated within the redevelopment 13 project area, (ii) any expenditures made by the municipality 14 for the redevelopment project area including without 15 limitation expenditures from the special tax allocation fund, 16 (iii) the status of planned activities, goals, and objectives 17 set forth in the redevelopment plan including details on new 18 or planned construction within the redevelopment project area, 19 (iv) the amount of private and public investment within the 20 redevelopment project area, and (v) any other relevant 21 evaluation or performance data. Within 30 days after the 22 municipality compiles the status report, the municipality must 23 hold at least one public hearing concerning the report. The 24 municipality must provide 20 days' public notice of the 25 hearing. 26 (j) Beginning in fiscal year 2011 and in each fiscal year SB1391 - 109 - LRB103 29120 AWJ 55506 b SB1391- 110 -LRB103 29120 AWJ 55506 b SB1391 - 110 - LRB103 29120 AWJ 55506 b SB1391 - 110 - LRB103 29120 AWJ 55506 b 1 thereafter, a municipality must detail in its annual budget 2 (i) the revenues generated from redevelopment project areas by 3 source and (ii) the expenditures made by the municipality for 4 redevelopment project areas. 5 (Source: P.A. 102-127, eff. 7-23-21.) 6 (65 ILCS 5/11-74.4-7) (from Ch. 24, par. 11-74.4-7) 7 Sec. 11-74.4-7. Obligations secured by the special tax 8 allocation fund set forth in Section 11-74.4-8 for the 9 redevelopment project area may be issued to provide for 10 redevelopment project costs. Such obligations, when so issued, 11 shall be retired in the manner provided in the ordinance 12 authorizing the issuance of such obligations by the receipts 13 of taxes levied as specified in Section 11-74.4-9 against the 14 taxable property included in the area, by revenues as 15 specified by Section 11-74.4-8a and other revenue designated 16 by the municipality. Except for the moneys designated for a 17 chamber of commerce under subsection (b) of Section 11-74.4-8, 18 a A municipality may in the ordinance pledge all or any part of 19 the funds in and to be deposited in the special tax allocation 20 fund created pursuant to Section 11-74.4-8 to the payment of 21 the redevelopment project costs and obligations. Any pledge of 22 funds in the special tax allocation fund shall provide for 23 distribution to the taxing districts and to the Illinois 24 Department of Revenue of moneys not required, pledged, 25 earmarked, or otherwise designated for payment, including SB1391 - 110 - LRB103 29120 AWJ 55506 b SB1391- 111 -LRB103 29120 AWJ 55506 b SB1391 - 111 - LRB103 29120 AWJ 55506 b SB1391 - 111 - LRB103 29120 AWJ 55506 b 1 unused and unpledged moneys returned to a municipality by a 2 chamber of commerce under subsection (b) of Section 11-74.4-8, 3 and securing of the obligations and anticipated redevelopment 4 project costs and such excess funds shall be calculated 5 annually and deemed to be "surplus" funds. In the event a 6 municipality only applies or pledges a portion of the funds in 7 the special tax allocation fund for the payment or securing of 8 anticipated redevelopment project costs or of obligations, any 9 such funds remaining in the special tax allocation fund after 10 complying with the requirements of the application or pledge, 11 shall also be calculated annually and deemed "surplus" funds. 12 All surplus funds in the special tax allocation fund shall be 13 distributed annually within 180 days after the close of the 14 municipality's fiscal year by being paid by the municipal 15 treasurer to the County Collector, to the Department of 16 Revenue and to the municipality in direct proportion to the 17 tax incremental revenue received as a result of an increase in 18 the equalized assessed value of property in the redevelopment 19 project area, tax incremental revenue received from the State 20 and tax incremental revenue received from the municipality, 21 but not to exceed as to each such source the total incremental 22 revenue received from that source. The County Collector shall 23 thereafter make distribution to the respective taxing 24 districts in the same manner and proportion as the most recent 25 distribution by the county collector to the affected districts 26 of real property taxes from real property in the redevelopment SB1391 - 111 - LRB103 29120 AWJ 55506 b SB1391- 112 -LRB103 29120 AWJ 55506 b SB1391 - 112 - LRB103 29120 AWJ 55506 b SB1391 - 112 - LRB103 29120 AWJ 55506 b 1 project area. 2 Without limiting the foregoing in this Section, the 3 municipality may in addition to obligations secured by the 4 special tax allocation fund pledge for a period not greater 5 than the term of the obligations towards payment of such 6 obligations any part or any combination of the following: (a) 7 net revenues of all or part of any redevelopment project; (b) 8 taxes levied and collected on any or all property in the 9 municipality; (c) the full faith and credit of the 10 municipality; (d) a mortgage on part or all of the 11 redevelopment project; (d-5) repayment of bonds issued 12 pursuant to subsection (p-130) of Section 19-1 of the School 13 Code; or (e) any other taxes or anticipated receipts that the 14 municipality may lawfully pledge. 15 Such obligations may be issued in one or more series 16 bearing interest at such rate or rates as the corporate 17 authorities of the municipality shall determine by ordinance. 18 Such obligations shall bear such date or dates, mature at such 19 time or times not exceeding 20 years from their respective 20 dates, be in such denomination, carry such registration 21 privileges, be executed in such manner, be payable in such 22 medium of payment at such place or places, contain such 23 covenants, terms and conditions, and be subject to redemption 24 as such ordinance shall provide. Obligations issued pursuant 25 to this Act may be sold at public or private sale at such price 26 as shall be determined by the corporate authorities of the SB1391 - 112 - LRB103 29120 AWJ 55506 b SB1391- 113 -LRB103 29120 AWJ 55506 b SB1391 - 113 - LRB103 29120 AWJ 55506 b SB1391 - 113 - LRB103 29120 AWJ 55506 b 1 municipalities. No referendum approval of the electors shall 2 be required as a condition to the issuance of obligations 3 pursuant to this Division except as provided in this Section. 4 In the event the municipality authorizes issuance of 5 obligations pursuant to the authority of this Division secured 6 by the full faith and credit of the municipality, which 7 obligations are other than obligations which may be issued 8 under home rule powers provided by Article VII, Section 6 of 9 the Illinois Constitution, or pledges taxes pursuant to (b) or 10 (c) of the second paragraph of this section, the ordinance 11 authorizing the issuance of such obligations or pledging such 12 taxes shall be published within 10 days after such ordinance 13 has been passed in one or more newspapers, with general 14 circulation within such municipality. The publication of the 15 ordinance shall be accompanied by a notice of (1) the specific 16 number of voters required to sign a petition requesting the 17 question of the issuance of such obligations or pledging taxes 18 to be submitted to the electors; (2) the time in which such 19 petition must be filed; and (3) the date of the prospective 20 referendum. The municipal clerk shall provide a petition form 21 to any individual requesting one. 22 If no petition is filed with the municipal clerk, as 23 hereinafter provided in this Section, within 30 days after the 24 publication of the ordinance, the ordinance shall be in 25 effect. But, if within that 30 day period a petition is filed 26 with the municipal clerk, signed by electors in the SB1391 - 113 - LRB103 29120 AWJ 55506 b SB1391- 114 -LRB103 29120 AWJ 55506 b SB1391 - 114 - LRB103 29120 AWJ 55506 b SB1391 - 114 - LRB103 29120 AWJ 55506 b 1 municipality numbering 10% or more of the number of registered 2 voters in the municipality, asking that the question of 3 issuing obligations using full faith and credit of the 4 municipality as security for the cost of paying for 5 redevelopment project costs, or of pledging taxes for the 6 payment of such obligations, or both, be submitted to the 7 electors of the municipality, the corporate authorities of the 8 municipality shall call a special election in the manner 9 provided by law to vote upon that question, or, if a general, 10 State or municipal election is to be held within a period of 11 not less than 30 or more than 90 days from the date such 12 petition is filed, shall submit the question at the next 13 general, State or municipal election. If it appears upon the 14 canvass of the election by the corporate authorities that a 15 majority of electors voting upon the question voted in favor 16 thereof, the ordinance shall be in effect, but if a majority of 17 the electors voting upon the question are not in favor 18 thereof, the ordinance shall not take effect. 19 The ordinance authorizing the obligations may provide that 20 the obligations shall contain a recital that they are issued 21 pursuant to this Division, which recital shall be conclusive 22 evidence of their validity and of the regularity of their 23 issuance. 24 In the event the municipality authorizes issuance of 25 obligations pursuant to this Section secured by the full faith 26 and credit of the municipality, the ordinance authorizing the SB1391 - 114 - LRB103 29120 AWJ 55506 b SB1391- 115 -LRB103 29120 AWJ 55506 b SB1391 - 115 - LRB103 29120 AWJ 55506 b SB1391 - 115 - LRB103 29120 AWJ 55506 b 1 obligations may provide for the levy and collection of a 2 direct annual tax upon all taxable property within the 3 municipality sufficient to pay the principal thereof and 4 interest thereon as it matures, which levy may be in addition 5 to and exclusive of the maximum of all other taxes authorized 6 to be levied by the municipality, which levy, however, shall 7 be abated to the extent that monies from other sources are 8 available for payment of the obligations and the municipality 9 certifies the amount of said monies available to the county 10 clerk. 11 A certified copy of such ordinance shall be filed with the 12 county clerk of each county in which any portion of the 13 municipality is situated, and shall constitute the authority 14 for the extension and collection of the taxes to be deposited 15 in the special tax allocation fund. 16 A municipality may also issue its obligations to refund in 17 whole or in part, obligations theretofore issued by such 18 municipality under the authority of this Act, whether at or 19 prior to maturity, provided however, that the last maturity of 20 the refunding obligations may not be later than the dates set 21 forth under Section 11-74.4-3.5. 22 In the event a municipality issues obligations under home 23 rule powers or other legislative authority the proceeds of 24 which are pledged to pay for redevelopment project costs, the 25 municipality may, if it has followed the procedures in 26 conformance with this division, retire said obligations from SB1391 - 115 - LRB103 29120 AWJ 55506 b SB1391- 116 -LRB103 29120 AWJ 55506 b SB1391 - 116 - LRB103 29120 AWJ 55506 b SB1391 - 116 - LRB103 29120 AWJ 55506 b 1 funds in the special tax allocation fund in amounts and in such 2 manner as if such obligations had been issued pursuant to the 3 provisions of this division. 4 All obligations heretofore or hereafter issued pursuant to 5 this Act shall not be regarded as indebtedness of the 6 municipality issuing such obligations or any other taxing 7 district for the purpose of any limitation imposed by law. 8 (Source: P.A. 100-531, eff. 9-22-17.) 9 (65 ILCS 5/11-74.4-8) (from Ch. 24, par. 11-74.4-8) 10 Sec. 11-74.4-8. Tax increment allocation financing. A 11 municipality may not adopt tax increment financing in a 12 redevelopment project area after July 30, 1997 (the effective 13 date of Public Act 90-258) that will encompass an area that is 14 currently included in an enterprise zone created under the 15 Illinois Enterprise Zone Act unless that municipality, 16 pursuant to Section 5.4 of the Illinois Enterprise Zone Act, 17 amends the enterprise zone designating ordinance to limit the 18 eligibility for tax abatements as provided in Section 5.4.1 of 19 the Illinois Enterprise Zone Act. A municipality, at the time 20 a redevelopment project area is designated, may adopt tax 21 increment allocation financing by passing an ordinance 22 providing that the ad valorem taxes, if any, arising from the 23 levies upon taxable real property in such redevelopment 24 project area by taxing districts and tax rates determined in 25 the manner provided in paragraph (c) of Section 11-74.4-9 each SB1391 - 116 - LRB103 29120 AWJ 55506 b SB1391- 117 -LRB103 29120 AWJ 55506 b SB1391 - 117 - LRB103 29120 AWJ 55506 b SB1391 - 117 - LRB103 29120 AWJ 55506 b 1 year after the effective date of the ordinance until 2 redevelopment project costs and all municipal obligations 3 financing redevelopment project costs incurred under this 4 Division have been paid shall be divided as follows, provided, 5 however, that with respect to any redevelopment project area 6 located within a transit facility improvement area established 7 pursuant to Section 11-74.4-3.3 in a municipality with a 8 population of 1,000,000 or more, ad valorem taxes, if any, 9 arising from the levies upon taxable real property in such 10 redevelopment project area shall be allocated as specifically 11 provided in this Section: 12 (a) That portion of taxes levied upon each taxable 13 lot, block, tract, or parcel of real property which is 14 attributable to the lower of the current equalized 15 assessed value or the initial equalized assessed value of 16 each such taxable lot, block, tract, or parcel of real 17 property in the redevelopment project area shall be 18 allocated to and when collected shall be paid by the 19 county collector to the respective affected taxing 20 districts in the manner required by law in the absence of 21 the adoption of tax increment allocation financing. 22 (b) Except from a tax levied by a township to retire 23 bonds issued to satisfy court-ordered damages and except 24 as otherwise provided in this Section, that portion, if 25 any, of such taxes which is attributable to the increase 26 in the current equalized assessed valuation of each SB1391 - 117 - LRB103 29120 AWJ 55506 b SB1391- 118 -LRB103 29120 AWJ 55506 b SB1391 - 118 - LRB103 29120 AWJ 55506 b SB1391 - 118 - LRB103 29120 AWJ 55506 b 1 taxable lot, block, tract, or parcel of real property in 2 the redevelopment project area over and above the initial 3 equalized assessed value of each property in the project 4 area shall be allocated to and when collected shall be 5 paid to the municipal treasurer who shall deposit said 6 taxes into a special fund called the special tax 7 allocation fund of the municipality. The moneys deposited 8 into the special tax allocation fund shall be used as 9 follows: (1) 90% of the moneys deposited shall be used for 10 the purpose of paying redevelopment project costs and 11 obligations incurred in the payment thereof; and (2) 10% 12 of the moneys deposited shall be transferred, by the 13 municipal treasurer, to the local chamber of commerce or 14 chambers of commerce representing the redevelopment 15 project area no later than 30 days after each deposit to 16 the tax allocation fund. Before any moneys are transferred 17 to a chamber of commerce, the municipality must enter into 18 a contract with the chamber of commerce under which the 19 chamber of commerce promises to (i) use the moneys 20 transferred to it for grants to businesses that employee 21 fewer than 50 full-time employees if the business moves 22 into the redevelopment project area and (ii) return to the 23 municipality any moneys that are not granted or pledged to 24 a business described in subparagraph (i) within one year 25 of receipt of the moneys. 26 In any county with a population of 3,000,000 or more SB1391 - 118 - LRB103 29120 AWJ 55506 b SB1391- 119 -LRB103 29120 AWJ 55506 b SB1391 - 119 - LRB103 29120 AWJ 55506 b SB1391 - 119 - LRB103 29120 AWJ 55506 b 1 that has adopted a procedure for collecting taxes that 2 provides for one or more of the installments of the taxes 3 to be billed and collected on an estimated basis, the 4 municipal treasurer shall be paid for deposit in the 5 special tax allocation fund of the municipality, from the 6 taxes collected from estimated bills issued for property 7 in the redevelopment project area, the difference between 8 the amount actually collected from each taxable lot, 9 block, tract, or parcel of real property within the 10 redevelopment project area and an amount determined by 11 multiplying the rate at which taxes were last extended 12 against the taxable lot, block, tract, or parcel of real 13 property in the manner provided in subsection (c) of 14 Section 11-74.4-9 by the initial equalized assessed value 15 of the property divided by the number of installments in 16 which real estate taxes are billed and collected within 17 the county; provided that the payments on or before 18 December 31, 1999 to a municipal treasurer shall be made 19 only if each of the following conditions are met: 20 (1) The total equalized assessed value of the 21 redevelopment project area as last determined was not 22 less than 175% of the total initial equalized assessed 23 value. 24 (2) Not more than 50% of the total equalized 25 assessed value of the redevelopment project area as 26 last determined is attributable to a piece of property SB1391 - 119 - LRB103 29120 AWJ 55506 b SB1391- 120 -LRB103 29120 AWJ 55506 b SB1391 - 120 - LRB103 29120 AWJ 55506 b SB1391 - 120 - LRB103 29120 AWJ 55506 b 1 assigned a single real estate index number. 2 (3) The municipal clerk has certified to the 3 county clerk that the municipality has issued its 4 obligations to which there has been pledged the 5 incremental property taxes of the redevelopment 6 project area or taxes levied and collected on any or 7 all property in the municipality or the full faith and 8 credit of the municipality to pay or secure payment 9 for all or a portion of the redevelopment project 10 costs. The certification shall be filed annually no 11 later than September 1 for the estimated taxes to be 12 distributed in the following year; however, for the 13 year 1992 the certification shall be made at any time 14 on or before March 31, 1992. 15 (4) The municipality has not requested that the 16 total initial equalized assessed value of real 17 property be adjusted as provided in subsection (b) of 18 Section 11-74.4-9. 19 The conditions of paragraphs (1) through (4) do not 20 apply after December 31, 1999 to payments to a municipal 21 treasurer made by a county with 3,000,000 or more 22 inhabitants that has adopted an estimated billing 23 procedure for collecting taxes. If a county that has 24 adopted the estimated billing procedure makes an erroneous 25 overpayment of tax revenue to the municipal treasurer, 26 then the county may seek a refund of that overpayment. The SB1391 - 120 - LRB103 29120 AWJ 55506 b SB1391- 121 -LRB103 29120 AWJ 55506 b SB1391 - 121 - LRB103 29120 AWJ 55506 b SB1391 - 121 - LRB103 29120 AWJ 55506 b 1 county shall send the municipal treasurer a notice of 2 liability for the overpayment on or before the mailing 3 date of the next real estate tax bill within the county. 4 The refund shall be limited to the amount of the 5 overpayment. 6 It is the intent of this Division that after July 29, 7 1988 (the effective date of Public Act 85-1142) a 8 municipality's own ad valorem tax arising from levies on 9 taxable real property be included in the determination of 10 incremental revenue in the manner provided in paragraph 11 (c) of Section 11-74.4-9. If the municipality does not 12 extend such a tax, it shall annually deposit in the 13 municipality's Special Tax Increment Fund an amount equal 14 to 10% of the total contributions to the fund from all 15 other taxing districts in that year. The annual 10% 16 deposit required by this paragraph shall be limited to the 17 actual amount of municipally produced incremental tax 18 revenues available to the municipality from taxpayers 19 located in the redevelopment project area in that year if: 20 (a) the plan for the area restricts the use of the property 21 primarily to industrial purposes, (b) the municipality 22 establishing the redevelopment project area is a home rule 23 community with a 1990 population of between 25,000 and 24 50,000, (c) the municipality is wholly located within a 25 county with a 1990 population of over 750,000 and (d) the 26 redevelopment project area was established by the SB1391 - 121 - LRB103 29120 AWJ 55506 b SB1391- 122 -LRB103 29120 AWJ 55506 b SB1391 - 122 - LRB103 29120 AWJ 55506 b SB1391 - 122 - LRB103 29120 AWJ 55506 b 1 municipality prior to June 1, 1990. This payment shall be 2 in lieu of a contribution of ad valorem taxes on real 3 property. If no such payment is made, any redevelopment 4 project area of the municipality shall be dissolved. 5 If a municipality has adopted tax increment allocation 6 financing by ordinance and the County Clerk thereafter 7 certifies the "total initial equalized assessed value as 8 adjusted" of the taxable real property within such 9 redevelopment project area in the manner provided in 10 paragraph (b) of Section 11-74.4-9, each year after the 11 date of the certification of the total initial equalized 12 assessed value as adjusted until redevelopment project 13 costs and all municipal obligations financing 14 redevelopment project costs have been paid the ad valorem 15 taxes, if any, arising from the levies upon the taxable 16 real property in such redevelopment project area by taxing 17 districts and tax rates determined in the manner provided 18 in paragraph (c) of Section 11-74.4-9 shall be divided as 19 follows, provided, however, that with respect to any 20 redevelopment project area located within a transit 21 facility improvement area established pursuant to Section 22 11-74.4-3.3 in a municipality with a population of 23 1,000,000 or more, ad valorem taxes, if any, arising from 24 the levies upon the taxable real property in such 25 redevelopment project area shall be allocated as 26 specifically provided in this Section: SB1391 - 122 - LRB103 29120 AWJ 55506 b SB1391- 123 -LRB103 29120 AWJ 55506 b SB1391 - 123 - LRB103 29120 AWJ 55506 b SB1391 - 123 - LRB103 29120 AWJ 55506 b 1 (1) That portion of the taxes levied upon each 2 taxable lot, block, tract, or parcel of real property 3 which is attributable to the lower of the current 4 equalized assessed value or "current equalized 5 assessed value as adjusted" or the initial equalized 6 assessed value of each such taxable lot, block, tract, 7 or parcel of real property existing at the time tax 8 increment financing was adopted, minus the total 9 current homestead exemptions under Article 15 of the 10 Property Tax Code in the redevelopment project area, 11 shall be allocated to and when collected shall be paid 12 by the county collector to the respective affected 13 taxing districts in the manner required by law in the 14 absence of the adoption of tax increment allocation 15 financing. 16 (1.5) If a taxing district that is a school 17 district or community college district has not 18 provided written support to the county collector in 19 favor of adoption of the redevelopment project area, 20 that portion, if any, of such taxes which is 21 attributable to the increase in the current equalized 22 assessed valuation of each taxable lot, block, tract, 23 or parcel of real property in the redevelopment 24 project area, over and above the initial equalized 25 assessed value of each property existing at the time 26 tax increment financing was adopted, minus the total SB1391 - 123 - LRB103 29120 AWJ 55506 b SB1391- 124 -LRB103 29120 AWJ 55506 b SB1391 - 124 - LRB103 29120 AWJ 55506 b SB1391 - 124 - LRB103 29120 AWJ 55506 b 1 current homestead exemptions pertaining to each piece 2 of property provided by Article 15 of the Property Tax 3 Code in the redevelopment project area, shall be 4 allocated to and when collected shall be paid by the 5 county collector to the school district or community 6 college district, as applicable, in the manner 7 required by law in the absence of the adoption of tax 8 increment allocation financing. 9 (2) Except as provided in paragraph (1.5), that 10 That portion, if any, of such taxes which is 11 attributable to the increase in the current equalized 12 assessed valuation of each taxable lot, block, tract, 13 or parcel of real property in the redevelopment 14 project area, over and above the initial equalized 15 assessed value of each property existing at the time 16 tax increment financing was adopted, minus the total 17 current homestead exemptions pertaining to each piece 18 of property provided by Article 15 of the Property Tax 19 Code in the redevelopment project area, shall be 20 allocated to and when collected shall be paid to the 21 municipal Treasurer, who shall deposit said taxes into 22 a special fund called the special tax allocation fund 23 of the municipality for the purpose of paying 24 redevelopment project costs and obligations incurred 25 in the payment thereof. 26 The municipality may pledge in the ordinance the funds SB1391 - 124 - LRB103 29120 AWJ 55506 b SB1391- 125 -LRB103 29120 AWJ 55506 b SB1391 - 125 - LRB103 29120 AWJ 55506 b SB1391 - 125 - LRB103 29120 AWJ 55506 b 1 in and to be deposited in the special tax allocation fund 2 for the payment of such costs and obligations. No part of 3 the current equalized assessed valuation of each property 4 in the redevelopment project area attributable to any 5 increase above the total initial equalized assessed value, 6 or the total initial equalized assessed value as adjusted, 7 of such properties shall be used in calculating the 8 general State aid formula, provided for in Section 18-8 of 9 the School Code, or the evidence-based funding formula, 10 provided for in Section 18-8.15 of the School Code, until 11 such time as all redevelopment project costs have been 12 paid as provided for in this Section. 13 Whenever a municipality issues bonds for the purpose 14 of financing redevelopment project costs, such 15 municipality may provide by ordinance for the appointment 16 of a trustee, which may be any trust company within the 17 State, and for the establishment of such funds or accounts 18 to be maintained by such trustee as the municipality shall 19 deem necessary to provide for the security and payment of 20 the bonds. If such municipality provides for the 21 appointment of a trustee, such trustee shall be considered 22 the assignee of any payments assigned by the municipality 23 pursuant to such ordinance and this Section. Any amounts 24 paid to such trustee as assignee shall be deposited in the 25 funds or accounts established pursuant to such trust 26 agreement, and shall be held by such trustee in trust for SB1391 - 125 - LRB103 29120 AWJ 55506 b SB1391- 126 -LRB103 29120 AWJ 55506 b SB1391 - 126 - LRB103 29120 AWJ 55506 b SB1391 - 126 - LRB103 29120 AWJ 55506 b 1 the benefit of the holders of the bonds, and such holders 2 shall have a lien on and a security interest in such funds 3 or accounts so long as the bonds remain outstanding and 4 unpaid. Upon retirement of the bonds, the trustee shall 5 pay over any excess amounts held to the municipality for 6 deposit in the special tax allocation fund. 7 When such redevelopment projects costs, including, 8 without limitation, all municipal obligations financing 9 redevelopment project costs incurred under this Division, 10 have been paid, all surplus funds then remaining in the 11 special tax allocation fund shall be distributed by being 12 paid by the municipal treasurer to the Department of 13 Revenue, the municipality and the county collector; first 14 to the Department of Revenue and the municipality in 15 direct proportion to the tax incremental revenue received 16 from the State and the municipality, but not to exceed the 17 total incremental revenue received from the State or the 18 municipality less any annual surplus distribution of 19 incremental revenue previously made; with any remaining 20 funds to be paid to the County Collector who shall 21 immediately thereafter pay said funds to the taxing 22 districts in the redevelopment project area in the same 23 manner and proportion as the most recent distribution by 24 the county collector to the affected districts of real 25 property taxes from real property in the redevelopment 26 project area. SB1391 - 126 - LRB103 29120 AWJ 55506 b SB1391- 127 -LRB103 29120 AWJ 55506 b SB1391 - 127 - LRB103 29120 AWJ 55506 b SB1391 - 127 - LRB103 29120 AWJ 55506 b 1 Notwithstanding any other provision of law, no surplus 2 funds then remaining in the special tax allocation fund 3 may be transferred or paid to any other redevelopment 4 project area, except for any funds transferred or paid 5 pursuant to an ongoing agreement between municipalities 6 under subsection (p) of Section 11-74.4-4. 7 Upon the payment of all redevelopment project costs, 8 the retirement of obligations, the distribution of any 9 excess monies pursuant to this Section, and final closing 10 of the books and records of the redevelopment project 11 area, the municipality shall adopt an ordinance dissolving 12 the special tax allocation fund for the redevelopment 13 project area and terminating the designation of the 14 redevelopment project area as a redevelopment project 15 area. Title to real or personal property and public 16 improvements acquired by or for the municipality as a 17 result of the redevelopment project and plan shall vest in 18 the municipality when acquired and shall continue to be 19 held by the municipality after the redevelopment project 20 area has been terminated. Municipalities shall notify 21 affected taxing districts prior to November 1 if the 22 redevelopment project area is to be terminated by December 23 31 of that same year. If a municipality extends estimated 24 dates of completion of a redevelopment project and 25 retirement of obligations to finance a redevelopment 26 project, as allowed by Public Act 87-1272, that extension SB1391 - 127 - LRB103 29120 AWJ 55506 b SB1391- 128 -LRB103 29120 AWJ 55506 b SB1391 - 128 - LRB103 29120 AWJ 55506 b SB1391 - 128 - LRB103 29120 AWJ 55506 b 1 shall not extend the property tax increment allocation 2 financing authorized by this Section. Thereafter the rates 3 of the taxing districts shall be extended and taxes 4 levied, collected and distributed in the manner applicable 5 in the absence of the adoption of tax increment allocation 6 financing. 7 If a municipality with a population of 1,000,000 or 8 more has adopted by ordinance tax increment allocation 9 financing for a redevelopment project area located in a 10 transit facility improvement area established pursuant to 11 Section 11-74.4-3.3, for each year after the effective 12 date of the ordinance until redevelopment project costs 13 and all municipal obligations financing redevelopment 14 project costs have been paid, the ad valorem taxes, if 15 any, arising from the levies upon the taxable real 16 property in that redevelopment project area by taxing 17 districts and tax rates determined in the manner provided 18 in paragraph (c) of Section 11-74.4-9 shall be divided as 19 follows: 20 (1) That portion of the taxes levied upon each 21 taxable lot, block, tract, or parcel of real property 22 which is attributable to the lower of (i) the current 23 equalized assessed value or "current equalized 24 assessed value as adjusted" or (ii) the initial 25 equalized assessed value of each such taxable lot, 26 block, tract, or parcel of real property existing at SB1391 - 128 - LRB103 29120 AWJ 55506 b SB1391- 129 -LRB103 29120 AWJ 55506 b SB1391 - 129 - LRB103 29120 AWJ 55506 b SB1391 - 129 - LRB103 29120 AWJ 55506 b 1 the time tax increment financing was adopted, minus 2 the total current homestead exemptions under Article 3 15 of the Property Tax Code in the redevelopment 4 project area, shall be allocated to and when collected 5 shall be paid by the county collector to the 6 respective affected taxing districts in the manner 7 required by law in the absence of the adoption of tax 8 increment allocation financing. 9 (2) That portion, if any, of such taxes which is 10 attributable to the increase in the current equalized 11 assessed valuation of each taxable lot, block, tract, 12 or parcel of real property in the redevelopment 13 project area, over and above the initial equalized 14 assessed value of each property existing at the time 15 tax increment financing was adopted, minus the total 16 current homestead exemptions pertaining to each piece 17 of property provided by Article 15 of the Property Tax 18 Code in the redevelopment project area, shall be 19 allocated to and when collected shall be paid by the 20 county collector as follows: 21 (A) First, that portion which would be payable 22 to a school district whose boundaries are 23 coterminous with such municipality in the absence 24 of the adoption of tax increment allocation 25 financing, shall be paid to such school district 26 in the manner required by law in the absence of the SB1391 - 129 - LRB103 29120 AWJ 55506 b SB1391- 130 -LRB103 29120 AWJ 55506 b SB1391 - 130 - LRB103 29120 AWJ 55506 b SB1391 - 130 - LRB103 29120 AWJ 55506 b 1 adoption of tax increment allocation financing; 2 then 3 (A-5) Second, if a taxing district that is a 4 school district that is not coterminous with such 5 municipality or a community college district has 6 not provided written support to the county 7 collector in favor of adoption of the 8 redevelopment project area, then that portion 9 which would be payable to the community college 10 district or school district, as applicable, in the 11 absence of the adoption of tax increment 12 allocation financing, shall be paid to the school 13 district or community college district in the 14 manner required by law in the absence of the 15 adoption of tax increment allocation financing; 16 then 17 (B) 80% of the remaining portion shall be paid 18 to the municipal Treasurer, who shall deposit said 19 taxes into a special fund called the special tax 20 allocation fund of the municipality for the 21 purpose of paying redevelopment project costs and 22 obligations incurred in the payment thereof; and 23 then 24 (C) 20% of the remaining portion shall be paid 25 to the respective affected taxing districts, other 26 than the school district described in clause (a) SB1391 - 130 - LRB103 29120 AWJ 55506 b SB1391- 131 -LRB103 29120 AWJ 55506 b SB1391 - 131 - LRB103 29120 AWJ 55506 b SB1391 - 131 - LRB103 29120 AWJ 55506 b 1 above, in the manner required by law in the 2 absence of the adoption of tax increment 3 allocation financing. 4 Nothing in this Section shall be construed as relieving 5 property in such redevelopment project areas from being 6 assessed as provided in the Property Tax Code or as relieving 7 owners of such property from paying a uniform rate of taxes, as 8 required by Section 4 of Article IX of the Illinois 9 Constitution. 10 (Source: P.A. 102-558, eff. 8-20-21.) 11 Section 99. Effective date. This Act takes effect upon 12 becoming law. SB1391 - 131 - LRB103 29120 AWJ 55506 b