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Rep. Dave Winters
Filed: 5/20/2011
| | 09700SB0539ham001 | | LRB097 04328 KMW 55993 a |
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| 1 | | AMENDMENT TO SENATE BILL 539
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| 2 | | AMENDMENT NO. ______. Amend Senate Bill 539 on page 6, by |
| 3 | | replacing lines 6 through 10 with the following:
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| 4 | | "project areas or as otherwise permitted in the Act. Two or |
| 5 | | more municipalities may designate a joint redevelopment |
| 6 | | project area under this subsection (o) for a single Industrial |
| 7 | | Park Conservation Area comprising of property within or near |
| 8 | | the boundaries of each municipality if: (i) both municipalities |
| 9 | | are located within the same Metropolitan Statistical Area, as |
| 10 | | defined by the United States Office of Management and Budget, |
| 11 | | (ii) the 4-year average unemployment rate for that Metropolitan |
| 12 | | Statistical Area was at least 11.3%, and (iii) at least one |
| 13 | | participating municipality demonstrates that it has made |
| 14 | | commitments to acquire capital assets to commence the project |
| 15 | | and that the acquisition will occur on or before December 31, |
| 16 | | 2011. The joint redevelopment project area must encompass an |
| 17 | | interstate highway exchange for access and be located, in part, |