(65 ILCS 5/9-2-49) (from Ch. 24, par. 9-2-49)
Sec. 9-2-49.
Whenever an ordinance provides for the making of a local
improvement which comprises either the construction of an improvement or
the taking or damaging of property therefor, or both such construction and
taking or damaging, and proceedings are instituted prior to, on or after
January 1, 1942, for the confirmation of a special assessment or a special
tax to defray the whole or any portion of the cost of any such improvement,
including the cost of the construction thereof and the compensation for the
taking or damaging of property therefor, or including only the cost of
taking or damaging of property therefor, and including in each such
proceeding the cost of making and collecting the special assessment or
special tax (in the case of such municipalities as may lawfully include
that cost in special assessment or special tax proceedings), the corporate
authorities may provide by the ordinance for any such local improvement, or
if proceedings authorized by any such ordinance have been filed in court,
then by an ordinance passed at any time before the confirmation of the
assessment roll filed in any such proceeding, that the aggregate amount
assessed to defray the cost of the improvement, including the cost of the
construction thereof and the compensation for the taking or damaging of
property therefor or including only the cost of taking or damaging property
therefor, and each individual assessment and also the assessment against
the municipality on account of property owned by the municipality and for
public benefits, be divided into not more than 20 installments. Such
installments shall be equal in amount and each a multiple of $100, except
that any fractional amounts of the aggregate assessment, after division as
aforesaid, shall be apportioned to the first installment. However, if it is
so provided by ordinance passed at any time before the confirmation of the
assessment roll, so much of the aggregate amount assessed as represents the
cost of the construction of the improvement shall be divided into as many
parts as there are installments, which parts shall be equal in amount and
each a multiple of $100, except that any fractional amounts of the cost of
construction after division as aforesaid shall be apportioned to the first
installment, and so much of the aggregate amount assessed as represents the
compensation for property to be taken or damaged, together with the cost of
making and collecting the special assessment or special tax (in the case of
such municipalities as may lawfully include that cost in special assessment
or special tax proceedings) shall be apportioned to the first installment
of the special assessment or special tax.
(Source: Laws 1961, p. 576.)
|