GARCIA. 65 ILCS 5/11-74.4-3 from Ch. 24, par. 11-74.4-3 65 ILCS 5/11-74.4-4.1 65 ILCS 5/11-74.4-5 from Ch. 24, par. 11-74.4-5 65 ILCS 5/11-74.4-6 from Ch. 24, par. 11-74.4-6 65 ILCS 5/11-74.4-7.1 Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Provides that a redevelopment plan entered into after the effective date of this amendatory Act shall not contain provisions for the development of a golf course. Provides that professional services contracts, except architectural and engineering contracts, incidental to a redevelopment plan or project may not exceed a term of 3 years. Includes, after July 1, 1998, annual administrative costs directly related to the on-going administration of the TIF district in the definition of redevelopment project costs. Provides that after the effective date of this amendatory Act, none of the redevelopment costs shall be eligible redevelopment costs if those costs would provide financial support to a retail operation initiated in the TIF district by a retailer who terminated the operation at a site within 10 miles of but outside of the TIF. Excludes from the definition of "redevelopment project costs", subject to certain exceptions, the cost of constructing a new municipal public building that is intended to be used only to provide office space for administrative personnel or in connection with public safety or public works. Excludes payments to other taxing bodies associated with intergovernmental revenue-sharing agreements from the definition of redevelopment project costs. Requires all TIFs to establish a joint review board to meet annually. Provides that the board may, rather than shall, issue a written report describing the redevelopment plan and project. Requires the municipality to prepare, as part of the eligibility study, a housing impact study addressing certain factors if tax increment revenues will be used to remove 10 or more inhabited residential units in a redevelopment project area. Provides that redevelopment project costs include up to 75% of the annual interest costs incurred by a redeveloper with regard to the redevelopment project cost in a year for the financing of rehabilitated or new housing for low and very low income families. Makes other changes. 98-02-19 S FIRST READING 98-02-19 S REFERRED TO SENATE RULES COMMITTEE RULES 99-01-12 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary