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91_HB0665ham001 LRB9103358SMdvam01 1 AMENDMENT TO HOUSE BILL 665 2 AMENDMENT NO. . Amend House Bill 665 by replacing 3 the title with the following: 4 "AN ACT to amend the Illinois Municipal Code by changing 5 Sections 11-74.4-3 and 11-74.4-7."; and 6 by replacing everything after the enacting clause with the 7 following: 8 "Section 5. The Illinois Municipal Code is amended by 9 changing Sections 11-74.4-3 and 11-74.4-7 as follows: 10 (65 ILCS 5/11-74.4-3) (from Ch. 24, par. 11-74.4-3) 11 Sec. 11-74.4-3. Definitions. The following terms, 12 wherever used or referred to in this Division 74.4 shall have 13 the following respective meanings, unless in any case a 14 different meaning clearly appears from the context. 15 (a) For any redevelopment project area that has been 16 designated pursuant to this Section by an ordinance adopted 17 prior to November 1, 1999 (the effective date of Public Act 18 91-478)this amendatory Act of the 91st General Assembly, 19 "blighted area" shall have the meaning set forth in this 20 Section prior to thatthe effectivedateof this amendatory21Act of the 91st General Assembly. -2- LRB9103358SMdvam01 1 On and after November 1, 1999the effective date of this2amendatory Act of the 91st General Assembly, "blighted area" 3 means any improved or vacant area within the boundaries of a 4 redevelopment project area located within the territorial 5 limits of the municipality where: 6 (1) If improved, industrial, commercial, and 7 residential buildings or improvements are detrimental to 8 the public safety, health, or welfare because of a 9 combination of 5 or more of the following factors, each 10 of which is (i) present, with that presence documented, 11 to a meaningful extent so that a municipality may 12 reasonably find that the factor is clearly present within 13 the intent of the Act and (ii) reasonably distributed 14 throughout the improved part of the redevelopment project 15 area: 16 (A) Dilapidation. An advanced state of 17 disrepair or neglect of necessary repairs to the 18 primary structural components of buildings or 19 improvements in such a combination that a documented 20 building condition analysis determines that major 21 repair is required or the defects are so serious and 22 so extensive that the buildings must be removed. 23 (B) Obsolescence. The condition or process of 24 falling into disuse. Structures have become 25 ill-suited for the original use. 26 (C) Deterioration. With respect to buildings, 27 defects including, but not limited to, major defects 28 in the secondary building components such as doors, 29 windows, porches, gutters and downspouts, and 30 fascia. With respect to surface improvements, that 31 the condition of roadways, alleys, curbs, gutters, 32 sidewalks, off-street parking, and surface storage 33 areas evidence deterioration, including, but not 34 limited to, surface cracking, crumbling, potholes, -3- LRB9103358SMdvam01 1 depressions, loose paving material, and weeds 2 protruding through paved surfaces. 3 (D) Presence of structures below minimum code 4 standards. All structures that do not meet the 5 standards of zoning, subdivision, building, fire, 6 and other governmental codes applicable to property, 7 but not including housing and property maintenance 8 codes. 9 (E) Illegal use of individual structures. The 10 use of structures in violation of applicable 11 federal, State, or local laws, exclusive of those 12 applicable to the presence of structures below 13 minimum code standards. 14 (F) Excessive vacancies. The presence of 15 buildings that are unoccupied or under-utilized and 16 that represent an adverse influence on the area 17 because of the frequency, extent, or duration of the 18 vacancies. 19 (G) Lack of ventilation, light, or sanitary 20 facilities. The absence of adequate ventilation for 21 light or air circulation in spaces or rooms without 22 windows, or that require the removal of dust, odor, 23 gas, smoke, or other noxious airborne materials. 24 Inadequate natural light and ventilation means the 25 absence of skylights or windows for interior spaces 26 or rooms and improper window sizes and amounts by 27 room area to window area ratios. Inadequate 28 sanitary facilities refers to the absence or 29 inadequacy of garbage storage and enclosure, 30 bathroom facilities, hot water and kitchens, and 31 structural inadequacies preventing ingress and 32 egress to and from all rooms and units within a 33 building. 34 (H) Inadequate utilities. Underground and -4- LRB9103358SMdvam01 1 overhead utilities such as storm sewers and storm 2 drainage, sanitary sewers, water lines, and gas, 3 telephone, and electrical services that are shown to 4 be inadequate. Inadequate utilities are those that 5 are: (i) of insufficient capacity to serve the uses 6 in the redevelopment project area, (ii) 7 deteriorated, antiquated, obsolete, or in disrepair, 8 or (iii) lacking within the redevelopment project 9 area. 10 (I) Excessive land coverage and overcrowding 11 of structures and community facilities. The 12 over-intensive use of property and the crowding of 13 buildings and accessory facilities onto a site. 14 Examples of problem conditions warranting the 15 designation of an area as one exhibiting excessive 16 land coverage are: (i) the presence of buildings 17 either improperly situated on parcels or located on 18 parcels of inadequate size and shape in relation to 19 present-day standards of development for health and 20 safety and (ii) the presence of multiple buildings 21 on a single parcel. For there to be a finding of 22 excessive land coverage, these parcels must exhibit 23 one or more of the following conditions: 24 insufficient provision for light and air within or 25 around buildings, increased threat of spread of fire 26 due to the close proximity of buildings, lack of 27 adequate or proper access to a public right-of-way, 28 lack of reasonably required off-street parking, or 29 inadequate provision for loading and service. 30 (J) Deleterious land use or layout. The 31 existence of incompatible land-use relationships, 32 buildings occupied by inappropriate mixed-uses, or 33 uses considered to be noxious, offensive, or 34 unsuitable for the surrounding area. -5- LRB9103358SMdvam01 1 (K) Environmental clean-up. The proposed 2 redevelopment project area has incurred Illinois 3 Environmental Protection Agency or United States 4 Environmental Protection Agency remediation costs 5 for, or a study conducted by an independent 6 consultant recognized as having expertise in 7 environmental remediation has determined a need for, 8 the clean-up of hazardous waste, hazardous 9 substances, or underground storage tanks required by 10 State or federal law, provided that the remediation 11 costs constitute a material impediment to the 12 development or redevelopment of the redevelopment 13 project area. 14 (L) Lack of community planning. The proposed 15 redevelopment project area was developed prior to or 16 without the benefit or guidance of a community plan. 17 This means that the development occurred prior to 18 the adoption by the municipality of a comprehensive 19 or other community plan or that the plan was not 20 followed at the time of the area's development. 21 This factor must be documented by evidence of 22 adverse or incompatible land-use relationships, 23 inadequate street layout, improper subdivision, 24 parcels of inadequate shape and size to meet 25 contemporary development standards, or other 26 evidence demonstrating an absence of effective 27 community planning. 28 (M) The total equalized assessed value of the 29 proposed redevelopment project area has declined for 30 3 of the last 5 calendar years prior to the year in 31 which the redevelopment project area is designated 32 or is increasing at an annual rate that is less than 33 the balance of the municipality for 3 of the last 5 34 calendar years for which information is available or -6- LRB9103358SMdvam01 1 is increasing at an annual rate that is less than 2 the Consumer Price Index for All Urban Consumers 3 published by the United States Department of Labor 4 or successor agency for 3 of the last 5 calendar 5 years prior to the year in which the redevelopment 6 project area is designated. 7 (2) If vacant, the sound growth of the 8 redevelopment project area is impaired by a combination 9 of 2 or more of the following factors, each of which is 10 (i) present, with that presence documented, to a 11 meaningful extent so that a municipality may reasonably 12 find that the factor is clearly present within the intent 13 of the Act and (ii) reasonably distributed throughout the 14 vacant part of the redevelopment project area to which it 15 pertains: 16 (A) Obsolete platting of vacant land that 17 results in parcels of limited or narrow size or 18 configurations of parcels of irregular size or shape 19 that would be difficult to develop on a planned 20 basis and in a manner compatible with contemporary 21 standards and requirements, or platting that failed 22 to create rights-of-ways for streets or alleys or 23 that created inadequate right-of-way widths for 24 streets, alleys, or other public rights-of-way or 25 that omitted easements for public utilities. 26 (B) Diversity of ownership of parcels of 27 vacant land sufficient in number to retard or impede 28 the ability to assemble the land for development. 29 (C) Tax and special assessment delinquencies 30 exist or the property has been the subject of tax 31 sales under the Property Tax Code within the last 5 32 years. 33 (D) Deterioration of structures or site 34 improvements in neighboring areas adjacent to the -7- LRB9103358SMdvam01 1 vacant land. 2 (E) The area has incurred Illinois 3 Environmental Protection Agency or United States 4 Environmental Protection Agency remediation costs 5 for, or a study conducted by an independent 6 consultant recognized as having expertise in 7 environmental remediation has determined a need for, 8 the clean-up of hazardous waste, hazardous 9 substances, or underground storage tanks required by 10 State or federal law, provided that the remediation 11 costs constitute a material impediment to the 12 development or redevelopment of the redevelopment 13 project area. 14 (F) The total equalized assessed value of the 15 proposed redevelopment project area has declined for 16 3 of the last 5 calendar years prior to the year in 17 which the redevelopment project area is designated 18 or is increasing at an annual rate that is less than 19 the balance of the municipality for 3 of the last 5 20 calendar years for which information is available or 21 is increasing at an annual rate that is less than 22 the Consumer Price Index for All Urban Consumers 23 published by the United States Department of Labor 24 or successor agency for 3 of the last 5 calendar 25 years prior to the year in which the redevelopment 26 project area is designated. 27 (3) If vacant, the sound growth of the 28 redevelopment project area is impaired by one of the 29 following factors that (i) is present, with that presence 30 documented, to a meaningful extent so that a municipality 31 may reasonably find that the factor is clearly present 32 within the intent of the Act and (ii) is reasonably 33 distributed throughout the vacant part of the 34 redevelopment project area to which it pertains: -8- LRB9103358SMdvam01 1 (A) The area consists of one or more unused 2 quarries, mines, or strip mine ponds. 3 (B) The area consists of unused railyards, 4 rail tracks, or railroad rights-of-way. 5 (C) The area, prior to its designation, is 6 subject to chronic flooding that adversely impacts 7 on real property in the area as certified by a 8 registered professional engineer or appropriate 9 regulatory agency. 10 (D) The area consists of an unused or illegal 11 disposal site containing earth, stone, building 12 debris, or similar materials that were removed from 13 construction, demolition, excavation, or dredge 14 sites. 15 (E) Prior to November 1, 1999the effective16date of this amendatory Act of the 91st General17Assembly, the area is not less than 50 nor more than 18 100 acres and 75% of which is vacant 19 (notwithstanding that the area has been used for 20 commercial agricultural purposes within 5 years 21 prior to the designation of the redevelopment 22 project area), and the area meets at least one of 23 the factors itemized in paragraph (1) of this 24 subsection, the area has been designated as a town 25 or village center by ordinance or comprehensive plan 26 adopted prior to January 1, 1982, and the area has 27 not been developed for that designated purpose. 28 (F) The area qualified as a blighted improved 29 area immediately prior to becoming vacant, unless 30 there has been substantial private investment in the 31 immediately surrounding area. 32 (b) For any redevelopment project area that has been 33 designated pursuant to this Section by an ordinance adopted 34 prior to November 1, 1999 (the effective date of Public Act -9- LRB9103358SMdvam01 1 91-478)this amendatory Act of the 91st General Assembly, 2 "conservation area" shall have the meaning set forth in this 3 Section prior to thatthe effectivedateof this amendatory4Act of the 91st General Assembly. 5 On and after November 1, 1999the effective date of this6amendatory Act of the 91st General Assembly, "conservation 7 area" means any improved area within the boundaries of a 8 redevelopment project area located within the territorial 9 limits of the municipality in which 50% or more of the 10 structures in the area have an age of 35 years or more. Such 11 an area is not yet a blighted area but because of a 12 combination of 3 or more of the following factors is 13 detrimental to the public safety, health, morals or welfare 14 and such an area may become a blighted area: 15 (1) Dilapidation. An advanced state of disrepair 16 or neglect of necessary repairs to the primary structural 17 components of buildings or improvements in such a 18 combination that a documented building condition analysis 19 determines that major repair is required or the defects 20 are so serious and so extensive that the buildings must 21 be removed. 22 (2) Obsolescence. The condition or process of 23 falling into disuse. Structures have become ill-suited 24 for the original use. 25 (3) Deterioration. With respect to buildings, 26 defects including, but not limited to, major defects in 27 the secondary building components such as doors, windows, 28 porches, gutters and downspouts, and fascia. With 29 respect to surface improvements, that the condition of 30 roadways, alleys, curbs, gutters, sidewalks, off-street 31 parking, and surface storage areas evidence 32 deterioration, including, but not limited to, surface 33 cracking, crumbling, potholes, depressions, loose paving 34 material, and weeds protruding through paved surfaces. -10- LRB9103358SMdvam01 1 (4) Presence of structures below minimum code 2 standards. All structures that do not meet the standards 3 of zoning, subdivision, building, fire, and other 4 governmental codes applicable to property, but not 5 including housing and property maintenance codes. 6 (5) Illegal use of individual structures. The use 7 of structures in violation of applicable federal, State, 8 or local laws, exclusive of those applicable to the 9 presence of structures below minimum code standards. 10 (6) Excessive vacancies. The presence of buildings 11 that are unoccupied or under-utilized and that represent 12 an adverse influence on the area because of the 13 frequency, extent, or duration of the vacancies. 14 (7) Lack of ventilation, light, or sanitary 15 facilities. The absence of adequate ventilation for 16 light or air circulation in spaces or rooms without 17 windows, or that require the removal of dust, odor, gas, 18 smoke, or other noxious airborne materials. Inadequate 19 natural light and ventilation means the absence or 20 inadequacy of skylights or windows for interior spaces or 21 rooms and improper window sizes and amounts by room area 22 to window area ratios. Inadequate sanitary facilities 23 refers to the absence or inadequacy of garbage storage 24 and enclosure, bathroom facilities, hot water and 25 kitchens, and structural inadequacies preventing ingress 26 and egress to and from all rooms and units within a 27 building. 28 (8) Inadequate utilities. Underground and overhead 29 utilities such as storm sewers and storm drainage, 30 sanitary sewers, water lines, and gas, telephone, and 31 electrical services that are shown to be inadequate. 32 Inadequate utilities are those that are: (i) of 33 insufficient capacity to serve the uses in the 34 redevelopment project area, (ii) deteriorated, -11- LRB9103358SMdvam01 1 antiquated, obsolete, or in disrepair, or (iii) lacking 2 within the redevelopment project area. 3 (9) Excessive land coverage and overcrowding of 4 structures and community facilities. The over-intensive 5 use of property and the crowding of buildings and 6 accessory facilities onto a site. Examples of problem 7 conditions warranting the designation of an area as one 8 exhibiting excessive land coverage are: the presence of 9 buildings either improperly situated on parcels or 10 located on parcels of inadequate size and shape in 11 relation to present-day standards of development for 12 health and safety and the presence of multiple buildings 13 on a single parcel. For there to be a finding of 14 excessive land coverage, these parcels must exhibit one 15 or more of the following conditions: insufficient 16 provision for light and air within or around buildings, 17 increased threat of spread of fire due to the close 18 proximity of buildings, lack of adequate or proper access 19 to a public right-of-way, lack of reasonably required 20 off-street parking, or inadequate provision for loading 21 and service. 22 (10) Deleterious land use or layout. The existence 23 of incompatible land-use relationships, buildings 24 occupied by inappropriate mixed-uses, or uses considered 25 to be noxious, offensive, or unsuitable for the 26 surrounding area. 27 (11) Lack of community planning. The proposed 28 redevelopment project area was developed prior to or 29 without the benefit or guidance of a community plan. This 30 means that the development occurred prior to the adoption 31 by the municipality of a comprehensive or other community 32 plan or that the plan was not followed at the time of the 33 area's development. This factor must be documented by 34 evidence of adverse or incompatible land-use -12- LRB9103358SMdvam01 1 relationships, inadequate street layout, improper 2 subdivision, parcels of inadequate shape and size to meet 3 contemporary development standards, or other evidence 4 demonstrating an absence of effective community planning. 5 (12) The area has incurred Illinois Environmental 6 Protection Agency or United States Environmental 7 Protection Agency remediation costs for, or a study 8 conducted by an independent consultant recognized as 9 having expertise in environmental remediation has 10 determined a need for, the clean-up of hazardous waste, 11 hazardous substances, or underground storage tanks 12 required by State or federal law, provided that the 13 remediation costs constitute a material impediment to the 14 development or redevelopment of the redevelopment project 15 area. 16 (13) The total equalized assessed value of the 17 proposed redevelopment project area has declined for 3 of 18 the last 5 calendar years for which information is 19 available or is increasing at an annual rate that is less 20 than the balance of the municipality for 3 of the last 5 21 calendar years for which information is available or is 22 increasing at an annual rate that is less than the 23 Consumer Price Index for All Urban Consumers published by 24 the United States Department of Labor or successor agency 25 for 3 of the last 5 calendar years for which information 26 is available. 27 (c) "Industrial park" means an area in a blighted or 28 conservation area suitable for use by any manufacturing, 29 industrial, research or transportation enterprise, of 30 facilities to include but not be limited to factories, mills, 31 processing plants, assembly plants, packing plants, 32 fabricating plants, industrial distribution centers, 33 warehouses, repair overhaul or service facilities, freight 34 terminals, research facilities, test facilities or railroad -13- LRB9103358SMdvam01 1 facilities. 2 (d) "Industrial park conservation area" means an area 3 within the boundaries of a redevelopment project area located 4 within the territorial limits of a municipality that is a 5 labor surplus municipality or within 1 1/2 miles of the 6 territorial limits of a municipality that is a labor surplus 7 municipality if the area is annexed to the municipality; 8 which area is zoned as industrial no later than at the time 9 the municipality by ordinance designates the redevelopment 10 project area, and which area includes both vacant land 11 suitable for use as an industrial park and a blighted area or 12 conservation area contiguous to such vacant land. 13 (e) "Labor surplus municipality" means a municipality in 14 which, at any time during the 6 months before the 15 municipality by ordinance designates an industrial park 16 conservation area, the unemployment rate was over 6% and was 17 also 100% or more of the national average unemployment rate 18 for that same time as published in the United States 19 Department of Labor Bureau of Labor Statistics publication 20 entitled "The Employment Situation" or its successor 21 publication. For the purpose of this subsection, if 22 unemployment rate statistics for the municipality are not 23 available, the unemployment rate in the municipality shall be 24 deemed to be the same as the unemployment rate in the 25 principal county in which the municipality is located. 26 (f) "Municipality" shall mean a city, village or 27 incorporated town. 28 (g) "Initial Sales Tax Amounts" means the amount of 29 taxes paid under the Retailers' Occupation Tax Act, Use Tax 30 Act, Service Use Tax Act, the Service Occupation Tax Act, the 31 Municipal Retailers' Occupation Tax Act, and the Municipal 32 Service Occupation Tax Act by retailers and servicemen on 33 transactions at places located in a State Sales Tax Boundary 34 during the calendar year 1985. -14- LRB9103358SMdvam01 1 (g-1) "Revised Initial Sales Tax Amounts" means the 2 amount of taxes paid under the Retailers' Occupation Tax Act, 3 Use Tax Act, Service Use Tax Act, the Service Occupation Tax 4 Act, the Municipal Retailers' Occupation Tax Act, and the 5 Municipal Service Occupation Tax Act by retailers and 6 servicemen on transactions at places located within the State 7 Sales Tax Boundary revised pursuant to Section 11-74.4-8a(9) 8 of this Act. 9 (h) "Municipal Sales Tax Increment" means an amount 10 equal to the increase in the aggregate amount of taxes paid 11 to a municipality from the Local Government Tax Fund arising 12 from sales by retailers and servicemen within the 13 redevelopment project area or State Sales Tax Boundary, as 14 the case may be, for as long as the redevelopment project 15 area or State Sales Tax Boundary, as the case may be, exist 16 over and above the aggregate amount of taxes as certified by 17 the Illinois Department of Revenue and paid under the 18 Municipal Retailers' Occupation Tax Act and the Municipal 19 Service Occupation Tax Act by retailers and servicemen, on 20 transactions at places of business located in the 21 redevelopment project area or State Sales Tax Boundary, as 22 the case may be, during the base year which shall be the 23 calendar year immediately prior to the year in which the 24 municipality adopted tax increment allocation financing. For 25 purposes of computing the aggregate amount of such taxes for 26 base years occurring prior to 1985, the Department of Revenue 27 shall determine the Initial Sales Tax Amounts for such taxes 28 and deduct therefrom an amount equal to 4% of the aggregate 29 amount of taxes per year for each year the base year is prior 30 to 1985, but not to exceed a total deduction of 12%. The 31 amount so determined shall be known as the "Adjusted Initial 32 Sales Tax Amounts". For purposes of determining the 33 Municipal Sales Tax Increment, the Department of Revenue 34 shall for each period subtract from the amount paid to the -15- LRB9103358SMdvam01 1 municipality from the Local Government Tax Fund arising from 2 sales by retailers and servicemen on transactions located in 3 the redevelopment project area or the State Sales Tax 4 Boundary, as the case may be, the certified Initial Sales Tax 5 Amounts, the Adjusted Initial Sales Tax Amounts or the 6 Revised Initial Sales Tax Amounts for the Municipal 7 Retailers' Occupation Tax Act and the Municipal Service 8 Occupation Tax Act. For the State Fiscal Year 1989, this 9 calculation shall be made by utilizing the calendar year 1987 10 to determine the tax amounts received. For the State Fiscal 11 Year 1990, this calculation shall be made by utilizing the 12 period from January 1, 1988, until September 30, 1988, to 13 determine the tax amounts received from retailers and 14 servicemen pursuant to the Municipal Retailers' Occupation 15 Tax and the Municipal Service Occupation Tax Act, which shall 16 have deducted therefrom nine-twelfths of the certified 17 Initial Sales Tax Amounts, the Adjusted Initial Sales Tax 18 Amounts or the Revised Initial Sales Tax Amounts as 19 appropriate. For the State Fiscal Year 1991, this calculation 20 shall be made by utilizing the period from October 1, 1988, 21 to June 30, 1989, to determine the tax amounts received from 22 retailers and servicemen pursuant to the Municipal Retailers' 23 Occupation Tax and the Municipal Service Occupation Tax Act 24 which shall have deducted therefrom nine-twelfths of the 25 certified Initial Sales Tax Amounts, Adjusted Initial Sales 26 Tax Amounts or the Revised Initial Sales Tax Amounts as 27 appropriate. For every State Fiscal Year thereafter, the 28 applicable period shall be the 12 months beginning July 1 and 29 ending June 30 to determine the tax amounts received which 30 shall have deducted therefrom the certified Initial Sales Tax 31 Amounts, the Adjusted Initial Sales Tax Amounts or the 32 Revised Initial Sales Tax Amounts, as the case may be. 33 (i) "Net State Sales Tax Increment" means the sum of the 34 following: (a) 80% of the first $100,000 of State Sales Tax -16- LRB9103358SMdvam01 1 Increment annually generated within a State Sales Tax 2 Boundary; (b) 60% of the amount in excess of $100,000 but not 3 exceeding $500,000 of State Sales Tax Increment annually 4 generated within a State Sales Tax Boundary; and (c) 40% of 5 all amounts in excess of $500,000 of State Sales Tax 6 Increment annually generated within a State Sales Tax 7 Boundary. If, however, a municipality established a tax 8 increment financing district in a county with a population in 9 excess of 3,000,000 before January 1, 1986, and the 10 municipality entered into a contract or issued bonds after 11 January 1, 1986, but before December 31, 1986, to finance 12 redevelopment project costs within a State Sales Tax 13 Boundary, then the Net State Sales Tax Increment means, for 14 the fiscal years beginning July 1, 1990, and July 1, 1991, 15 100% of the State Sales Tax Increment annually generated 16 within a State Sales Tax Boundary; and notwithstanding any 17 other provision of this Act, for those fiscal years the 18 Department of Revenue shall distribute to those 19 municipalities 100% of their Net State Sales Tax Increment 20 before any distribution to any other municipality and 21 regardless of whether or not those other municipalities will 22 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 27 Boundary, the Net State Sales Tax Increment shall be 28 calculated as follows: By multiplying the Net State Sales Tax 29 Increment by 90% in the State Fiscal Year 1999; 80% in the 30 State Fiscal Year 2000; 70% in the State Fiscal Year 2001; 31 60% in the State Fiscal Year 2002; 50% in the State Fiscal 32 Year 2003; 40% in the State Fiscal Year 2004; 30% in the 33 State Fiscal Year 2005; 20% in the State Fiscal Year 2006; 34 and 10% in the State Fiscal Year 2007. No payment shall be -17- LRB9103358SMdvam01 1 made for State Fiscal Year 2008 and thereafter. 2 Municipalities that issued bonds in connection with a 3 redevelopment project in a redevelopment project area within 4 the State Sales Tax Boundary prior to July 29, 1991, or that 5 entered into contracts in connection with a redevelopment 6 project in a redevelopment project area before June 1, 1988, 7 shall continue to receive their proportional share of the 8 Illinois Tax Increment Fund distribution until the date on 9 which the redevelopment project is completed or terminated, 10 or the date on which the bonds are retired or the contracts 11 are completed, whichever date occurs first. Refunding of any 12 bonds issued prior to July 29, 1991, shall not alter the Net 13 State Sales Tax Increment. 14 (j) "State Utility Tax Increment Amount" means an amount 15 equal to the aggregate increase in State electric and gas tax 16 charges imposed on owners and tenants, other than residential 17 customers, of properties located within the redevelopment 18 project area under Section 9-222 of the Public Utilities Act, 19 over and above the aggregate of such charges as certified by 20 the Department of Revenue and paid by owners and tenants, 21 other than residential customers, of properties within the 22 redevelopment project area during the base year, which shall 23 be the calendar year immediately prior to the year of the 24 adoption of the ordinance authorizing tax increment 25 allocation financing. 26 (k) "Net State Utility Tax Increment" means the sum of 27 the following: (a) 80% of the first $100,000 of State Utility 28 Tax Increment annually generated by a redevelopment project 29 area; (b) 60% of the amount in excess of $100,000 but not 30 exceeding $500,000 of the State Utility Tax Increment 31 annually generated by a redevelopment project area; and (c) 32 40% of all amounts in excess of $500,000 of State Utility Tax 33 Increment annually generated by a redevelopment project area. 34 For the State Fiscal Year 1999, and every year thereafter -18- LRB9103358SMdvam01 1 until the year 2007, for any municipality that has not 2 entered into a contract or has not issued bonds prior to June 3 1, 1988 to finance redevelopment project costs within a 4 redevelopment project area, the Net State Utility Tax 5 Increment shall be calculated as follows: By multiplying the 6 Net State Utility Tax Increment by 90% in the State Fiscal 7 Year 1999; 80% in the State Fiscal Year 2000; 70% in the 8 State Fiscal Year 2001; 60% in the State Fiscal Year 2002; 9 50% in the State Fiscal Year 2003; 40% in the State Fiscal 10 Year 2004; 30% in the State Fiscal Year 2005; 20% in the 11 State Fiscal Year 2006; and 10% in the State Fiscal Year 12 2007. No payment shall be made for the State Fiscal Year 2008 13 and thereafter. 14 Municipalities that issue bonds in connection with the 15 redevelopment project during the period from June 1, 1988 16 until 3 years after the effective date of this Amendatory Act 17 of 1988 shall receive the Net State Utility Tax Increment, 18 subject to appropriation, for 15 State Fiscal Years after the 19 issuance of such bonds. For the 16th through the 20th State 20 Fiscal Years after issuance of the bonds, the Net State 21 Utility Tax Increment shall be calculated as follows: By 22 multiplying the Net State Utility Tax Increment by 90% in 23 year 16; 80% in year 17; 70% in year 18; 60% in year 19; and 24 50% in year 20. Refunding of any bonds issued prior to June 25 1, 1988, shall not alter the revised Net State Utility Tax 26 Increment payments set forth above. 27 (l) "Obligations" mean bonds, loans, debentures, notes, 28 special certificates or other evidence of indebtedness issued 29 by the municipality to carry out a redevelopment project or 30 to refund outstanding obligations. 31 (m) "Payment in lieu of taxes" means those estimated tax 32 revenues from real property in a redevelopment project area 33 derived from real property that has been acquired by a 34 municipality which according to the redevelopment project or -19- LRB9103358SMdvam01 1 plan is to be used for a private use which taxing districts 2 would have received had a municipality not acquired the real 3 property and adopted tax increment allocation financing and 4 which would result from levies made after the time of the 5 adoption of tax increment allocation financing to the time 6 the current equalized value of real property in the 7 redevelopment project area exceeds the total initial 8 equalized value of real property in said area. 9 (n) "Redevelopment plan" means the comprehensive program 10 of the municipality for development or redevelopment intended 11 by the payment of redevelopment project costs to reduce or 12 eliminate those conditions the existence of which qualified 13 the redevelopment project area as a "blighted area" or 14 "conservation area" or combination thereof or "industrial 15 park conservation area," and thereby to enhance the tax bases 16 of the taxing districts which extend into the redevelopment 17 project area. On and after November 1, 1999 (the effective 18 date of Public Act 91-478)this amendatory Act of the 91st19General Assembly, no redevelopment plan may be approved or 20 amended that includes the development of vacant land (i) with 21 a golf course and related clubhouse and other facilities or 22 (ii) designated by federal, State, county, or municipal 23 government as public land for outdoor recreational activities 24 or for nature preserves and used for that purpose within 5 25 years prior to the adoption of the redevelopment plan. For 26 the purpose of this subsection, "recreational activities" is 27 limited to mean camping and hunting. Each redevelopment plan 28 shall set forth in writing the program to be undertaken to 29 accomplish the objectives and shall include but not be 30 limited to: 31 (A) an itemized list of estimated redevelopment 32 project costs; 33 (B) evidence indicating that the redevelopment 34 project area on the whole has not been subject to growth -20- LRB9103358SMdvam01 1 and development through investment by private enterprise; 2 (C) an assessment of any financial impact of the 3 redevelopment project area on or any increased demand for 4 services from any taxing district affected by the plan 5 and any program to address such financial impact or 6 increased demand; 7 (D) the sources of funds to pay costs; 8 (E) the nature and term of the obligations to be 9 issued; 10 (F) the most recent equalized assessed valuation of 11 the redevelopment project area; 12 (G) an estimate as to the equalized assessed 13 valuation after redevelopment and the general land uses 14 to apply in the redevelopment project area; 15 (H) a commitment to fair employment practices and 16 an affirmative action plan; 17 (I) if it concerns an industrial park conservation 18 area, the plan shall also include a general description 19 of any proposed developer, user and tenant of any 20 property, a description of the type, structure and 21 general character of the facilities to be developed, a 22 description of the type, class and number of new 23 employees to be employed in the operation of the 24 facilities to be developed; and 25 (J) if property is to be annexed to the 26 municipality, the plan shall include the terms of the 27 annexation agreement. 28 The provisions of items (B) and (C) of this subsection 29 (n) shall not apply to a municipality that before March 14, 30 1994 (the effective date of Public Act 88-537) had fixed, 31 either by its corporate authorities or by a commission 32 designated under subsection (k) of Section 11-74.4-4, a time 33 and place for a public hearing as required by subsection (a) 34 of Section 11-74.4-5. No redevelopment plan shall be adopted -21- LRB9103358SMdvam01 1 unless a municipality complies with all of the following 2 requirements: 3 (1) The municipality finds that the redevelopment 4 project area on the whole has not been subject to growth 5 and development through investment by private enterprise 6 and would not reasonably be anticipated to be developed 7 without the adoption of the redevelopment plan. 8 (2) The municipality finds that the redevelopment 9 plan and project conform to the comprehensive plan for 10 the development of the municipality as a whole, or, for 11 municipalities with a population of 100,000 or more, 12 regardless of when the redevelopment plan and project was 13 adopted, the redevelopment plan and project either: (i) 14 conforms to the strategic economic development or 15 redevelopment plan issued by the designated planning 16 authority of the municipality, or (ii) includes land uses 17 that have been approved by the planning commission of the 18 municipality. 19 (3) The redevelopment plan establishes the 20 estimated dates of completion of the redevelopment 21 project and retirement of obligations issued to finance 22 redevelopment project costs. Those dates shall not be 23 later than December 31 of the year in which the payment 24 to the municipal treasurer as provided in subsection (b) 25 of Section 11-74.4-8 of this Act is to be made with 26 respect to ad valorem taxes levied in the twenty-third 27 calendar year after the year in which the ordinance 28 approving the redevelopment project area is adopted if 29 the ordinance was adopted on or after January 15, 1981, 30 and not later than December 31 of the year in which the 31 payment to the municipal treasurer as provided in 32 subsection (b) of Section 11-74.4-8 of this Act is to be 33 made with respect to ad valorem taxes levied in the 34 thirty-fifth calendar year after the year in which the -22- LRB9103358SMdvam01 1 ordinance approving the redevelopment project area is 2 adopted: 3 (A) if the ordinance was adopted before 4 January 15, 1981, or 5 (B) if the ordinance was adopted in December 6 1983, April 1984, July 1985, or December 1989, or 7 (C) if the ordinance was adopted in December 8 1987 and the redevelopment project is located within 9 one mile of Midway Airport, or 10 (D) if the ordinance was adopted before 11 January 1, 1987 by a municipality in Mason County, 12 or 13 (E) if the municipality is subject to the 14 Local Government Financial Planning and Supervision 15 Act, or 16 (F) if the ordinance was adopted in December 17 1984 by the Village of Rosemont, or 18 (G) if the ordinance was adopted on December 19 31, 1986 by a municipality located in Clinton County 20 for which at least $250,000 of tax increment bonds 21 were authorized on June 17, 1997, or if the 22 ordinance was adopted on December 31, 1986 by a 23 municipality with a population in 1990 of less than 24 3,600 that is located in a county with a population 25 in 1990 of less than 34,000 and for which at least 26 $250,000 of tax increment bonds were authorized on 27 June 17, 1997, or 28 (H) if the ordinance was adopted on October 5, 29 1982 by the City of Kankakee, or if the ordinance 30 was adopted on December 29, 1986 by East St. Louis, 31 or 32 (I) if the ordinance was adopted on November 33 12, 1991 by the Village of Sauget,or 34 (J) if the ordinance was adopted on February -23- LRB9103358SMdvam01 1 11, 1985 by the City of Rock Island, or 2 (K) if the ordinance was adopted before 3 December 18, 1986 by the City if Moline. 4 However, for redevelopment project areas for which 5 bonds were issued before July 29, 1991, or for which 6 contracts were entered into before June 1, 1988, in 7 connection with a redevelopment project in the area 8 within the State Sales Tax Boundary, the estimated dates 9 of completion of the redevelopment project and retirement 10 of obligations to finance redevelopment project costs may 11 be extended by municipal ordinance to December 31, 2013. 12 The extension allowed by this amendatory Act of 1993 13 shall not apply to real property tax increment allocation 14 financing under Section 11-74.4-8. 15 A municipality may by municipal ordinance amend an 16 existing redevelopment plan to conform to this paragraph 17 (3) as amended by Public Act 91-478this amendatory Act18of the 91st General Assembly, which municipal ordinance 19 may be adopted without further hearing or notice and 20 without complying with the procedures provided in this 21 Act pertaining to an amendment to or the initial approval 22 of a redevelopment plan and project and designation of a 23 redevelopment project area. 24 Those dates, for purposes of real property tax 25 increment allocation financing pursuant to Section 26 11-74.4-8 only, shall be not more than 35 years for 27 redevelopment project areas that were adopted on or after 28 December 16, 1986 and for which at least $8 million worth 29 of municipal bonds were authorized on or after December 30 19, 1989 but before January 1, 1990; provided that the 31 municipality elects to extend the life of the 32 redevelopment project area to 35 years by the adoption of 33 an ordinance after at least 14 but not more than 30 days' 34 written notice to the taxing bodies, that would otherwise -24- LRB9103358SMdvam01 1 constitute the joint review board for the redevelopment 2 project area, before the adoption of the ordinance. 3 Those dates, for purposes of real property tax 4 increment allocation financing pursuant to Section 5 11-74.4-8 only, shall be not more than 35 years for 6 redevelopment project areas that were established on or 7 after December 1, 1981 but before January 1, 1982 and for 8 which at least $1,500,000 worth of tax increment revenue 9 bonds were authorized on or after September 30, 1990 but 10 before July 1, 1991; provided that the municipality 11 elects to extend the life of the redevelopment project 12 area to 35 years by the adoption of an ordinance after at 13 least 14 but not more than 30 days' written notice to the 14 taxing bodies, that would otherwise constitute the joint 15 review board for the redevelopment project area, before 16 the adoption of the ordinance. 17 (3.5) The municipality finds, in the case of an 18 industrial park conservation area, also that the 19 municipality is a labor surplus municipality and that the 20 implementation of the redevelopment plan will reduce 21 unemployment, create new jobs and by the provision of new 22 facilities enhance the tax base of the taxing districts 23 that extend into the redevelopment project area. 24 (4) If any incremental revenues are being utilized 25 under Section 8(a)(1) or 8(a)(2) of this Act in 26 redevelopment project areas approved by ordinance after 27 January 1, 1986, the municipality finds: (a) that the 28 redevelopment project area would not reasonably be 29 developed without the use of such incremental revenues, 30 and (b) that such incremental revenues will be 31 exclusively utilized for the development of the 32 redevelopment project area. 33 (5) On and after November 1, 1999the effective34date of this amendatory Act of the 91st General Assembly, -25- LRB9103358SMdvam01 1 if the redevelopment plan will not result in displacement 2 of residents from inhabited units, and the municipality 3 certifies in the plan that displacement will not result 4 from the plan, a housing impact study need not be 5 performed. If, however, the redevelopment plan would 6 result in the displacement of residents from 10 or more 7 inhabited residential units, or if the redevelopment 8 project area contains 75 or more inhabited residential 9 units and no certification is made, then the municipality 10 shall prepare, as part of the separate feasibility report 11 required by subsection (a) of Section 11-74.4-5, a 12 housing impact study. 13 Part I of the housing impact study shall include (i) 14 data as to whether the residential units are single 15 family or multi-family units, (ii) the number and type of 16 rooms within the units, if that information is available, 17 (iii) whether the units are inhabited or uninhabited, as 18 determined not less than 45 days before the date that the 19 ordinance or resolution required by subsection (a) of 20 Section 11-74.4-5 is passed, and (iv) data as to the 21 racial and ethnic composition of the residents in the 22 inhabited residential units. The data requirement as to 23 the racial and ethnic composition of the residents in the 24 inhabited residential units shall be deemed to be fully 25 satisfied by data from the most recent federal census. 26 Part II of the housing impact study shall identify 27 the inhabited residential units in the proposed 28 redevelopment project area that are to be or may be 29 removed. If inhabited residential units are to be 30 removed, then the housing impact study shall identify (i) 31 the number and location of those units that will or may 32 be removed, (ii) the municipality's plans for relocation 33 assistance for those residents in the proposed 34 redevelopment project area whose residences are to be -26- LRB9103358SMdvam01 1 removed, (iii) the availability of replacement housing 2 for those residents whose residences are to be removed, 3 and shall identify the type, location, and cost of the 4 housing, and (iv) the type and extent of relocation 5 assistance to be provided. 6 (6) On and after November 1, 1999the effective7date of this amendatory Act of the 91st General Assembly, 8 the housing impact study required by paragraph (5) shall 9 be incorporated in the redevelopment plan for the 10 redevelopment project area. 11 (7) On and after November 1, 1999the effective12date of this amendatory Act of the 91st General Assembly, 13 no redevelopment plan shall be adopted, nor an existing 14 plan amended, nor shall residential housing that is 15 occupied by households of low-income and very low-income 16 persons in currently existing redevelopment project areas 17 be removed after November 1, 1999the effective date of18this amendatory Act of the 91st General Assemblyunless 19 the redevelopment plan provides, with respect to 20 inhabited housing units that are to be removed for 21 households of low-income and very low-income persons, 22 affordable housing and relocation assistance not less 23 than that which would be provided under the federal 24 Uniform Relocation Assistance and Real Property 25 Acquisition Policies Act of 1970 and the regulations 26 under that Act, including the eligibility criteria. 27 Affordable housing may be either existing or newly 28 constructed housing. For purposes of this paragraph (7), 29 "low-income households", "very low-income households", 30 and "affordable housing" have the meanings set forth in 31 the Illinois Affordable Housing Act. The municipality 32 shall make a good faith effort to ensure that this 33 affordable housing is located in or near the 34 redevelopment project area within the municipality. -27- LRB9103358SMdvam01 1 (8) On and after November 1, 1999the effective2date of this amendatory Act of the 91st General Assembly, 3 if, after the adoption of the redevelopment plan for the 4 redevelopment project area, any municipality desires to 5 amend its redevelopment plan to remove more inhabited 6 residential units than specified in its original 7 redevelopment plan, that increase in the number of units 8 to be removed shall be deemed to be a change in the 9 nature of the redevelopment plan as to require compliance 10 with the procedures in this Act pertaining to the initial 11 approval of a redevelopment plan. 12 (o) "Redevelopment project" means any public and private 13 development project in furtherance of the objectives of a 14 redevelopment plan. On and after November 1, 1999 (the 15 effective date of Public Act 91-478)this amendatory Act of16the 91st General Assembly, no redevelopment plan may be 17 approved or amended that includes the development of vacant 18 land (i) with a golf course and related clubhouse and other 19 facilities or (ii) designated by federal, State, county, or 20 municipal government as public land for outdoor recreational 21 activities or for nature preserves and used for that purpose 22 within 5 years prior to the adoption of the redevelopment 23 plan. For the purpose of this subsection, "recreational 24 activities" is limited to mean camping and hunting. 25 (p) "Redevelopment project area" means an area 26 designated by the municipality, which is not less in the 27 aggregate than 1 1/2 acres and in respect to which the 28 municipality has made a finding that there exist conditions 29 which cause the area to be classified as an industrial park 30 conservation area or a blighted area or a conservation area, 31 or a combination of both blighted areas and conservation 32 areas. 33 (q) "Redevelopment project costs" mean and include the 34 sum total of all reasonable or necessary costs incurred or -28- LRB9103358SMdvam01 1 estimated to be incurred, and any such costs incidental to a 2 redevelopment plan and a redevelopment project. Such costs 3 include, without limitation, the following: 4 (1) Costs of studies, surveys, development of 5 plans, and specifications, implementation and 6 administration of the redevelopment plan including but 7 not limited to staff and professional service costs for 8 architectural, engineering, legal, financial, planning or 9 other services, provided however that no charges for 10 professional services may be based on a percentage of the 11 tax increment collected; except that on and after 12 November 1, 1999 (the effective date of Public Act 13 91-478)this amendatory Act of the 91st General Assembly, 14 no contracts for professional services, excluding 15 architectural and engineering services, may be entered 16 into if the terms of the contract extend beyond a period 17 of 3 years. In addition, "redevelopment project costs" 18 shall not include lobbying expenses. After consultation 19 with the municipality, each tax increment consultant or 20 advisor to a municipality that plans to designate or has 21 designated a redevelopment project area shall inform the 22 municipality in writing of any contracts that the 23 consultant or advisor has entered into with entities or 24 individuals that have received, or are receiving, 25 payments financed by tax increment revenues produced by 26 the redevelopment project area with respect to which the 27 consultant or advisor has performed, or will be 28 performing, service for the municipality. This 29 requirement shall be satisfied by the consultant or 30 advisor before the commencement of services for the 31 municipality and thereafter whenever any other contracts 32 with those individuals or entities are executed by the 33 consultant or advisor; 34 (1.5) After July 1, 1999, annual administrative -29- LRB9103358SMdvam01 1 costs shall not include general overhead or 2 administrative costs of the municipality that would still 3 have been incurred by the municipality if the 4 municipality had not designated a redevelopment project 5 area or approved a redevelopment plan; 6 (1.6) The cost of marketing sites within the 7 redevelopment project area to prospective businesses, 8 developers, and investors; 9 (2) Property assembly costs, including but not 10 limited to acquisition of land and other property, real 11 or personal, or rights or interests therein, demolition 12 of buildings, site preparation, site improvements that 13 serve as an engineered barrier addressing ground level or 14 below ground environmental contamination, including, but 15 not limited to parking lots and other concrete or asphalt 16 barriers, and the clearing and grading of land; 17 (3) Costs of rehabilitation, reconstruction or 18 repair or remodeling of existing public or private 19 buildings, fixtures, and leasehold improvements; and the 20 cost of replacing an existing public building if pursuant 21 to the implementation of a redevelopment project the 22 existing public building is to be demolished to use the 23 site for private investment or devoted to a different use 24 requiring private investment; 25 (4) Costs of the construction of public works or 26 improvements, except that on and after November 1, 1999 27the effective date of this amendatory Act of the 91st28General Assembly, redevelopment project costs shall not 29 include the cost of constructing a new municipal public 30 building principally used to provide offices, storage 31 space, or conference facilities or vehicle storage, 32 maintenance, or repair for administrative, public safety, 33 or public works personnel and that is not intended to 34 replace an existing public building as provided under -30- LRB9103358SMdvam01 1 paragraph (3) of subsection (q) of Section 11-74.4-3 2 unless either (i) the construction of the new municipal 3 building implements a redevelopment project that was 4 included in a redevelopment plan that was adopted by the 5 municipality prior to November 1, 1999the effective date6of this amendatory Act of the 91st General Assemblyor 7 (ii) the municipality makes a reasonable determination in 8 the redevelopment plan, supported by information that 9 provides the basis for that determination, that the new 10 municipal building is required to meet an increase in the 11 need for public safety purposes anticipated to result 12 from the implementation of the redevelopment plan; 13 (5) Costs of job training and retraining projects, 14 including the cost of "welfare to work" programs 15 implemented by businesses located within the 16 redevelopment project area; 17 (6) Financing costs, including but not limited to 18 all necessary and incidental expenses related to the 19 issuance of obligations and which may include payment of 20 interest on any obligations issued hereunder including 21 interest accruing during the estimated period of 22 construction of any redevelopment project for which such 23 obligations are issued and for not exceeding 36 months 24 thereafter and including reasonable reserves related 25 thereto; 26 (7) To the extent the municipality by written 27 agreement accepts and approves the same, all or a portion 28 of a taxing district's capital costs resulting from the 29 redevelopment project necessarily incurred or to be 30 incurred within a taxing district in furtherance of the 31 objectives of the redevelopment plan and project. 32 (7.5) For redevelopment project areas designated 33 (or redevelopment project areas amended to add or 34 increase the number of tax-increment-financing assisted -31- LRB9103358SMdvam01 1 housing units) on or after November 1, 1999the effective2date of this amendatory Act of the 91st General Assembly, 3 an elementary, secondary, or unit school district's 4 increased costs attributable to assisted housing units 5 located within the redevelopment project area for which 6 the developer or redeveloper receives financial 7 assistance through an agreement with the municipality or 8 because the municipality incurs the cost of necessary 9 infrastructure improvements within the boundaries of the 10 assisted housing sites necessary for the completion of 11 that housing as authorized by this Act, and which costs 12 shall be paid by the municipality from the Special Tax 13 Allocation Fund when the tax increment revenue is 14 received as a result of the assisted housing units and 15 shall be calculated annually as follows: 16 (A) for foundation districts, excluding any 17 school district in a municipality with a population 18 in excess of 1,000,000, by multiplying the 19 district's increase in attendance resulting from the 20 net increase in new students enrolled in that school 21 district who reside in housing units within the 22 redevelopment project area that have received 23 financial assistance through an agreement with the 24 municipality or because the municipality incurs the 25 cost of necessary infrastructure improvements within 26 the boundaries of the housing sites necessary for 27 the completion of that housing as authorized by this 28 Act since the designation of the redevelopment 29 project area by the most recently available per 30 capita tuition cost as defined in Section 10-20.12a 31 of the School Code less any increase in general 32 State aid as defined in Section 18-8.05 of the 33 School Code attributable to these added new students 34 subject to the following annual limitations: -32- LRB9103358SMdvam01 1 (i) for unit school districts with a 2 district average 1995-96 Per Capita Tuition 3 Charge of less than $5,900, no more than 25% of 4 the total amount of property tax increment 5 revenue produced by those housing units that 6 have received tax increment finance assistance 7 under this Act; 8 (ii) for elementary school districts with 9 a district average 1995-96 Per Capita Tuition 10 Charge of less than $5,900, no more than 17% of 11 the total amount of property tax increment 12 revenue produced by those housing units that 13 have received tax increment finance assistance 14 under this Act; and 15 (iii) for secondary school districts with 16 a district average 1995-96 Per Capita Tuition 17 Charge of less than $5,900, no more than 8% of 18 the total amount of property tax increment 19 revenue produced by those housing units that 20 have received tax increment finance assistance 21 under this Act. 22 (B) For alternate method districts, flat grant 23 districts, and foundation districts with a district 24 average 1995-96 Per Capita Tuition Charge equal to 25 or more than $5,900, excluding any school district 26 with a population in excess of 1,000,000, by 27 multiplying the district's increase in attendance 28 resulting from the net increase in new students 29 enrolled in that school district who reside in 30 housing units within the redevelopment project area 31 that have received financial assistance through an 32 agreement with the municipality or because the 33 municipality incurs the cost of necessary 34 infrastructure improvements within the boundaries of -33- LRB9103358SMdvam01 1 the housing sites necessary for the completion of 2 that housing as authorized by this Act since the 3 designation of the redevelopment project area by the 4 most recently available per capita tuition cost as 5 defined in Section 10-20.12a of the School Code less 6 any increase in general state aid as defined in 7 Section 18-8.05 of the School Code attributable to 8 these added new students subject to the following 9 annual limitations: 10 (i) for unit school districts, no more 11 than 40% of the total amount of property tax 12 increment revenue produced by those housing 13 units that have received tax increment finance 14 assistance under this Act; 15 (ii) for elementary school districts, no 16 more than 27% of the total amount of property 17 tax increment revenue produced by those housing 18 units that have received tax increment finance 19 assistance under this Act; and 20 (iii) for secondary school districts, no 21 more than 13% of the total amount of property 22 tax increment revenue produced by those housing 23 units that have received tax increment finance 24 assistance under this Act. 25 (C) For any school district in a municipality 26 with a population in excess of 1,000,000, the 27 following restrictions shall apply to the 28 reimbursement of increased costs under this 29 paragraph (7.5): 30 (i) no increased costs shall be 31 reimbursed unless the school district certifies 32 that each of the schools affected by the 33 assisted housing project is at or over its 34 student capacity; -34- LRB9103358SMdvam01 1 (ii) the amount reimburseable shall be 2 reduced by the value of any land donated to the 3 school district by the municipality or 4 developer, and by the value of any physical 5 improvements made to the schools by the 6 municipality or developer; and 7 (iii) the amount reimbursed may not 8 affect amounts otherwise obligated by the terms 9 of any bonds, notes, or other funding 10 instruments, or the terms of any redevelopment 11 agreement. 12 Any school district seeking payment under this 13 paragraph (7.5) shall, after July 1 and before 14 September 30 of each year, provide the municipality 15 with reasonable evidence to support its claim for 16 reimbursement before the municipality shall be 17 required to approve or make the payment to the 18 school district. If the school district fails to 19 provide the information during this period in any 20 year, it shall forfeit any claim to reimbursement 21 for that year. School districts may adopt a 22 resolution waiving the right to all or a portion of 23 the reimbursement otherwise required by this 24 paragraph (7.5). By acceptance of this 25 reimbursement the school district waives the right 26 to directly or indirectly set aside, modify, or 27 contest in any manner the establishment of the 28 redevelopment project area or projects; 29 (8) Relocation costs to the extent that a 30 municipality determines that relocation costs shall be 31 paid or is required to make payment of relocation costs 32 by federal or State law or in order to satisfy 33 subparagraph (7) of subsection (n); 34 (9) Payment in lieu of taxes; -35- LRB9103358SMdvam01 1 (10) Costs of job training, retraining, advanced 2 vocational education or career education, including but 3 not limited to courses in occupational, semi-technical or 4 technical fields leading directly to employment, incurred 5 by one or more taxing districts, provided that such costs 6 (i) are related to the establishment and maintenance of 7 additional job training, advanced vocational education or 8 career education programs for persons employed or to be 9 employed by employers located in a redevelopment project 10 area; and (ii) when incurred by a taxing district or 11 taxing districts other than the municipality, are set 12 forth in a written agreement by or among the municipality 13 and the taxing district or taxing districts, which 14 agreement describes the program to be undertaken, 15 including but not limited to the number of employees to 16 be trained, a description of the training and services to 17 be provided, the number and type of positions available 18 or to be available, itemized costs of the program and 19 sources of funds to pay for the same, and the term of the 20 agreement. Such costs include, specifically, the payment 21 by community college districts of costs pursuant to 22 Sections 3-37, 3-38, 3-40 and 3-40.1 of the Public 23 Community College Act and by school districts of costs 24 pursuant to Sections 10-22.20a and 10-23.3a of The School 25 Code; 26 (11) Interest cost incurred by a redeveloper 27 related to the construction, renovation or rehabilitation 28 of a redevelopment project provided that: 29 (A) such costs are to be paid directly from 30 the special tax allocation fund established pursuant 31 to this Act; 32 (B) such payments in any one year may not 33 exceed 30% of the annual interest costs incurred by 34 the redeveloper with regard to the redevelopment -36- LRB9103358SMdvam01 1 project during that year; 2 (C) if there are not sufficient funds 3 available in the special tax allocation fund to make 4 the payment pursuant to this paragraph (11) then the 5 amounts so due shall accrue and be payable when 6 sufficient funds are available in the special tax 7 allocation fund; 8 (D) the total of such interest payments paid 9 pursuant to this Act may not exceed 30% of the total 10 (i) cost paid or incurred by the redeveloper for the 11 redevelopment project plus (ii) redevelopment 12 project costs excluding any property assembly costs 13 and any relocation costs incurred by a municipality 14 pursuant to this Act; and 15 (E) the cost limits set forth in subparagraphs 16 (B) and (D) of paragraph (11) shall be modified for 17 the financing of rehabilitated or new housing units 18 for low-income households and very low-income 19 households, as defined in Section 3 of the Illinois 20 Affordable Housing Act. The percentage of 75% shall 21 be substituted for 30% in subparagraphs (B) and (D) 22 of paragraph (11). 23 (F) Instead of the eligible costs provided by 24 subparagraphs (B) and (D) of paragraph (11), as 25 modified by this subparagraph, and notwithstanding 26 any other provisions of this Act to the contrary, 27 the municipality may pay from tax increment revenues 28 up to 50% of the cost of construction of new housing 29 units to be occupied by low-income households and 30 very low-income households as defined in Section 3 31 of the Illinois Affordable Housing Act. The cost of 32 construction of those units may be derived from the 33 proceeds of bonds issued by the municipality under 34 this Act or other constitutional or statutory -37- LRB9103358SMdvam01 1 authority or from other sources of municipal revenue 2 that may be reimbursed from tax increment revenues 3 or the proceeds of bonds issued to finance the 4 construction of that housing. 5 The eligible costs provided under this 6 subparagraph (F) of paragraph (11) shall be an 7 eligible cost for the construction, renovation, and 8 rehabilitation of all low and very low-income 9 housing units, as defined in Section 3 of the 10 Illinois Affordable Housing Act, within the 11 redevelopment project area. If the low and very 12 low-income units are part of a residential 13 redevelopment project that includes units not 14 affordable to low and very low-income households, 15 only the low and very low-income units shall be 16 eligible for benefits under subparagraph (F) of 17 paragraph (11). The standards for maintaining the 18 occupancy by low-income households and very 19 low-income households, as defined in Section 3 of 20 the Illinois Affordable Housing Act, of those units 21 constructed with eligible costs made available under 22 the provisions of this subparagraph (F) of paragraph 23 (11) shall be established by guidelines adopted by 24 the municipality. The responsibility for annually 25 documenting the initial occupancy of the units by 26 low-income households and very low-income 27 households, as defined in Section 3 of the Illinois 28 Affordable Housing Act, shall be that of the then 29 current owner of the property. For ownership units, 30 the guidelines will provide, at a minimum, for a 31 reasonable recapture of funds, or other appropriate 32 methods designed to preserve the original 33 affordability of the ownership units. For rental 34 units, the guidelines will provide, at a minimum, -38- LRB9103358SMdvam01 1 for the affordability of rent to low and very 2 low-income households. As units become available, 3 they shall be rented to income-eligible tenants. 4 The municipality may modify these guidelines from 5 time to time; the guidelines, however, shall be in 6 effect for as long as tax increment revenue is being 7 used to pay for costs associated with the units or 8 for the retirement of bonds issued to finance the 9 units or for the life of the redevelopment project 10 area, whichever is later. 11 (11.5) If the redevelopment project area is located 12 within a municipality with a population of more than 13 100,000, the cost of day care services for children of 14 employees from low-income families working for businesses 15 located within the redevelopment project area and all or 16 a portion of the cost of operation of day care centers 17 established by redevelopment project area businesses to 18 serve employees from low-income families working in 19 businesses located in the redevelopment project area. 20 For the purposes of this paragraph, "low-income families" 21 means families whose annual income does not exceed 80% of 22 the municipal, county, or regional median income, 23 adjusted for family size, as the annual income and 24 municipal, county, or regional median income are 25 determined from time to time by the United States 26 Department of Housing and Urban Development. 27 (12) Unless explicitly stated herein the cost of 28 construction of new privately-owned buildings shall not 29 be an eligible redevelopment project cost. 30 (13) After November 1, 1999 (the effective date of 31 Public Act 91-478)this amendatory Act of the 91st32General Assembly, none of the redevelopment project costs 33 enumerated in this subsection shall be eligible 34 redevelopment project costs if those costs would provide -39- LRB9103358SMdvam01 1 direct financial support to a retail entity initiating 2 operations in the redevelopment project area while 3 terminating operations at another Illinois location 4 within 10 miles of the redevelopment project area but 5 outside the boundaries of the redevelopment project area 6 municipality. For purposes of this paragraph, 7 termination means a closing of a retail operation that is 8 directly related to the opening of the same operation or 9 like retail entity owned or operated by more than 50% of 10 the original ownership in a redevelopment project area, 11 but it does not mean closing an operation for reasons 12 beyond the control of the retail entity, as documented by 13 the retail entity, subject to a reasonable finding by the 14 municipality that the current location contained 15 inadequate space, had become economically obsolete, or 16 was no longer a viable location for the retailer or 17 serviceman. 18 If a special service area has been established pursuant 19 to the Special Service Area Tax Act or Special Service Area 20 Tax Law, then any tax increment revenues derived from the tax 21 imposed pursuant to the Special Service Area Tax Act or 22 Special Service Area Tax Law may be used within the 23 redevelopment project area for the purposes permitted by that 24 Act or Law as well as the purposes permitted by this Act. 25 (r) "State Sales Tax Boundary" means the redevelopment 26 project area or the amended redevelopment project area 27 boundaries which are determined pursuant to subsection (9) of 28 Section 11-74.4-8a of this Act. The Department of Revenue 29 shall certify pursuant to subsection (9) of Section 30 11-74.4-8a the appropriate boundaries eligible for the 31 determination of State Sales Tax Increment. 32 (s) "State Sales Tax Increment" means an amount equal to 33 the increase in the aggregate amount of taxes paid by 34 retailers and servicemen, other than retailers and servicemen -40- LRB9103358SMdvam01 1 subject to the Public Utilities Act, on transactions at 2 places of business located within a State Sales Tax Boundary 3 pursuant to the Retailers' Occupation Tax Act, the Use Tax 4 Act, the Service Use Tax Act, and the Service Occupation Tax 5 Act, except such portion of such increase that is paid into 6 the State and Local Sales Tax Reform Fund, the Local 7 Government Distributive Fund, the Local Government Tax 8 Fund and the County and Mass Transit District Fund, for as 9 long as State participation exists, over and above the 10 Initial Sales Tax Amounts, Adjusted Initial Sales Tax Amounts 11 or the Revised Initial Sales Tax Amounts for such taxes as 12 certified by the Department of Revenue and paid under those 13 Acts by retailers and servicemen on transactions at places of 14 business located within the State Sales Tax Boundary during 15 the base year which shall be the calendar year immediately 16 prior to the year in which the municipality adopted tax 17 increment allocation financing, less 3.0% of such amounts 18 generated under the Retailers' Occupation Tax Act, Use Tax 19 Act and Service Use Tax Act and the Service Occupation Tax 20 Act, which sum shall be appropriated to the Department of 21 Revenue to cover its costs of administering and enforcing 22 this Section. For purposes of computing the aggregate amount 23 of such taxes for base years occurring prior to 1985, the 24 Department of Revenue shall compute the Initial Sales Tax 25 Amount for such taxes and deduct therefrom an amount equal to 26 4% of the aggregate amount of taxes per year for each year 27 the base year is prior to 1985, but not to exceed a total 28 deduction of 12%. The amount so determined shall be known as 29 the "Adjusted Initial Sales Tax Amount". For purposes of 30 determining the State Sales Tax Increment the Department of 31 Revenue shall for each period subtract from the tax amounts 32 received from retailers and servicemen on transactions 33 located in the State Sales Tax Boundary, the certified 34 Initial Sales Tax Amounts, Adjusted Initial Sales Tax Amounts -41- LRB9103358SMdvam01 1 or Revised Initial Sales Tax Amounts for the Retailers' 2 Occupation Tax Act, the Use Tax Act, the Service Use Tax Act 3 and the Service Occupation Tax Act. For the State Fiscal 4 Year 1989 this calculation shall be made by utilizing the 5 calendar year 1987 to determine the tax amounts received. For 6 the State Fiscal Year 1990, this calculation shall be made by 7 utilizing the period from January 1, 1988, until September 8 30, 1988, to determine the tax amounts received from 9 retailers and servicemen, which shall have deducted therefrom 10 nine-twelfths of the certified Initial Sales Tax Amounts, 11 Adjusted Initial Sales Tax Amounts or the Revised Initial 12 Sales Tax Amounts as appropriate. For the State Fiscal Year 13 1991, this calculation shall be made by utilizing the period 14 from October 1, 1988, until June 30, 1989, to determine the 15 tax amounts received from retailers and servicemen, which 16 shall have deducted therefrom nine-twelfths of the certified 17 Initial State Sales Tax Amounts, Adjusted Initial Sales Tax 18 Amounts or the Revised Initial Sales Tax Amounts as 19 appropriate. For every State Fiscal Year thereafter, the 20 applicable period shall be the 12 months beginning July 1 and 21 ending on June 30, to determine the tax amounts received 22 which shall have deducted therefrom the certified Initial 23 Sales Tax Amounts, Adjusted Initial Sales Tax Amounts or the 24 Revised Initial Sales Tax Amounts. Municipalities intending 25 to receive a distribution of State Sales Tax Increment must 26 report a list of retailers to the Department of Revenue by 27 October 31, 1988 and by July 31, of each year thereafter. 28 (t) "Taxing districts" means counties, townships, cities 29 and incorporated towns and villages, school, road, park, 30 sanitary, mosquito abatement, forest preserve, public health, 31 fire protection, river conservancy, tuberculosis sanitarium 32 and any other municipal corporations or districts with the 33 power to levy taxes. 34 (u) "Taxing districts' capital costs" means those costs -42- LRB9103358SMdvam01 1 of taxing districts for capital improvements that are found 2 by the municipal corporate authorities to be necessary and 3 directly result from the redevelopment project. 4 (v) As used in subsection (a) of Section 11-74.4-3 of 5 this Act, "vacant land" means any parcel or combination of 6 parcels of real property without industrial, commercial, and 7 residential buildings which has not been used for commercial 8 agricultural purposes within 5 years prior to the designation 9 of the redevelopment project area, unless the parcel is 10 included in an industrial park conservation area or the 11 parcel has been subdivided; provided that if the parcel was 12 part of a larger tract that has been divided into 3 or more 13 smaller tracts that were accepted for recording during the 14 period from 1950 to 1990, then the parcel shall be deemed to 15 have been subdivided, and all proceedings and actions of the 16 municipality taken in that connection with respect to any 17 previously approved or designated redevelopment project area 18 or amended redevelopment project area are hereby validated 19 and hereby declared to be legally sufficient for all purposes 20 of this Act. For purposes of this Section and only for land 21 subject to the subdivision requirements of the Plat Act, land 22 is subdivided when the original plat of the proposed 23 Redevelopment Project Area or relevant portion thereof has 24 been properly certified, acknowledged, approved, and recorded 25 or filed in accordance with the Plat Act and a preliminary 26 plat, if any, for any subsequent phases of the proposed 27 Redevelopment Project Area or relevant portion thereof has 28 been properly approved and filed in accordance with the 29 applicable ordinance of the municipality. 30 (w) "Annual Total Increment" means the sum of each 31 municipality's annual Net Sales Tax Increment and each 32 municipality's annual Net Utility Tax Increment. The ratio 33 of the Annual Total Increment of each municipality to the 34 Annual Total Increment for all municipalities, as most -43- LRB9103358SMdvam01 1 recently calculated by the Department, shall determine the 2 proportional shares of the Illinois Tax Increment Fund to be 3 distributed to each municipality. 4 (Source: P.A. 90-379, eff. 8-14-97; 91-261, eff. 7-23-99; 5 91-477, eff. 8-11-99; 91-478, eff. 11-1-99; 91-642, eff. 6 8-20-99; revised 10-14-99.) 7 (65 ILCS 5/11-74.4-7) (from Ch. 24, par. 11-74.4-7) 8 Sec. 11-74.4-7. Obligations secured by the special tax 9 allocation fund set forth in Section 11-74.4-8 for the 10 redevelopment project area may be issued to provide for 11 redevelopment project costs. Such obligations, when so 12 issued, shall be retired in the manner provided in the 13 ordinance authorizing the issuance of such obligations by the 14 receipts of taxes levied as specified in Section 11-74.4-9 15 against the taxable property included in the area, by 16 revenues as specified by Section 11-74.4-8a and other revenue 17 designated by the municipality. A municipality may in the 18 ordinance pledge all or any part of the funds in and to be 19 deposited in the special tax allocation fund created pursuant 20 to Section 11-74.4-8 to the payment of the redevelopment 21 project costs and obligations. Any pledge of funds in the 22 special tax allocation fund shall provide for distribution to 23 the taxing districts and to the Illinois Department of 24 Revenue of moneys not required, pledged, earmarked, or 25 otherwise designated for payment and securing of the 26 obligations and anticipated redevelopment project costs and 27 such excess funds shall be calculated annually and deemed to 28 be "surplus" funds. In the event a municipality only applies 29 or pledges a portion of the funds in the special tax 30 allocation fund for the payment or securing of anticipated 31 redevelopment project costs or of obligations, any such funds 32 remaining in the special tax allocation fund after complying 33 with the requirements of the application or pledge, shall -44- LRB9103358SMdvam01 1 also be calculated annually and deemed "surplus" funds. All 2 surplus funds in the special tax allocation fund shall be 3 distributed annually within 180 days after the close of the 4 municipality's fiscal year by being paid by the municipal 5 treasurer to the County Collector, to the Department of 6 Revenue and to the municipality in direct proportion to the 7 tax incremental revenue received as a result of an increase 8 in the equalized assessed value of property in the 9 redevelopment project area, tax incremental revenue received 10 from the State and tax incremental revenue received from the 11 municipality, but not to exceed as to each such source the 12 total incremental revenue received from that source. The 13 County Collector shall thereafter make distribution to the 14 respective taxing districts in the same manner and proportion 15 as the most recent distribution by the county collector to 16 the affected districts of real property taxes from real 17 property in the redevelopment project area. 18 Without limiting the foregoing in this Section, the 19 municipality may in addition to obligations secured by the 20 special tax allocation fund pledge for a period not greater 21 than the term of the obligations towards payment of such 22 obligations any part or any combination of the following: (a) 23 net revenues of all or part of any redevelopment project; (b) 24 taxes levied and collected on any or all property in the 25 municipality; (c) the full faith and credit of the 26 municipality; (d) a mortgage on part or all of the 27 redevelopment project; or (e) any other taxes or anticipated 28 receipts that the municipality may lawfully pledge. 29 Such obligations may be issued in one or more series 30 bearing interest at such rate or rates as the corporate 31 authorities of the municipality shall determine by ordinance. 32 Such obligations shall bear such date or dates, mature at 33 such time or times not exceeding 20 years from their 34 respective dates, be in such denomination, carry such -45- LRB9103358SMdvam01 1 registration privileges, be executed in such manner, be 2 payable in such medium of payment at such place or places, 3 contain such covenants, terms and conditions, and be subject 4 to redemption as such ordinance shall provide. Obligations 5 issued pursuant to this Act may be sold at public or private 6 sale at such price as shall be determined by the corporate 7 authorities of the municipalities. No referendum approval of 8 the electors shall be required as a condition to the issuance 9 of obligations pursuant to this Division except as provided 10 in this Section. 11 In the event the municipality authorizes issuance of 12 obligations pursuant to the authority of this Division 13 secured by the full faith and credit of the municipality, 14 which obligations are other than obligations which may be 15 issued under home rule powers provided by Article VII, 16 Section 6 of the Illinois Constitution, or pledges taxes 17 pursuant to (b) or (c) of the second paragraph of this 18 section, the ordinance authorizing the issuance of such 19 obligations or pledging such taxes shall be published within 20 10 days after such ordinance has been passed in one or more 21 newspapers, with general circulation within such 22 municipality. The publication of the ordinance shall be 23 accompanied by a notice of (1) the specific number of voters 24 required to sign a petition requesting the question of the 25 issuance of such obligations or pledging taxes to be 26 submitted to the electors; (2) the time in which such 27 petition must be filed; and (3) the date of the prospective 28 referendum. The municipal clerk shall provide a petition 29 form to any individual requesting one. 30 If no petition is filed with the municipal clerk, as 31 hereinafter provided in this Section, within 30 days after 32 the publication of the ordinance, the ordinance shall be in 33 effect. But, if within that 30 day period a petition is 34 filed with the municipal clerk, signed by electors in the -46- LRB9103358SMdvam01 1 municipality numbering 10% or more of the number of 2 registered voters in the municipality, asking that the 3 question of issuing obligations using full faith and credit 4 of the 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 8 the 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 17 of 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 20 that the obligations shall contain a recital that they are 21 issued pursuant to this Division, which recital shall be 22 conclusive evidence of their validity and of the regularity 23 of their issuance. 24 In the event the municipality authorizes issuance of 25 obligations pursuant to this Section secured by the full 26 faith and credit of the municipality, the ordinance 27 authorizing the obligations may provide for the levy and 28 collection of a direct annual tax upon all taxable property 29 within the municipality sufficient to pay the principal 30 thereof and interest thereon as it matures, which levy may be 31 in addition to and exclusive of the maximum of all other 32 taxes authorized to be levied by the municipality, which 33 levy, however, shall be abated to the extent that monies from 34 other sources are available for payment of the obligations -47- LRB9103358SMdvam01 1 and the municipality certifies the amount of said monies 2 available to the county clerk. 3 A certified copy of such ordinance shall be filed with 4 the county clerk of each county in which any portion of the 5 municipality is situated, and shall constitute the authority 6 for the extension and collection of the taxes to be deposited 7 in the special tax allocation fund. 8 A municipality may also issue its obligations to refund 9 in whole or in part, obligations theretofore issued by such 10 municipality under the authority of this Act, whether at or 11 prior to maturity, provided however, that the last maturity 12 of the refunding obligations shall not be expressed to mature 13 later than December 31 of the year in which the payment to 14 the municipal treasurer as provided in subsection (b) of 15 Section 11-74.4-8 of this Act is to be made with respect to 16 ad valorem taxes levied in the twenty-third calendar year 17 after the year in which the ordinance approving the 18 redevelopment project area is adopted if the ordinance was 19 adopted on or after January 15, 1981, and not later than 20 December 31 of the year in which the payment to the municipal 21 treasurer as provided in subsection (b) of Section 11-74.4-8 22 of this Act is to be made with respect to ad valorem taxes 23 levied in the thirty-fifth calendar year after the year in 24 which the ordinance approving the redevelopment project area 25 is adopted (A) if the ordinance was adopted before January 26 15, 1981, or (B) if the ordinance was adopted in December 27 1983, April 1984, July 1985, or December 1989, or (C) if the 28 ordinance was adopted in December, 1987 and the redevelopment 29 project is located within one mile of Midway Airport, or (D) 30 if the ordinance was adopted before January 1, 1987 by a 31 municipality in Mason County, or (E) if the municipality is 32 subject to the Local Government Financial Planning and 33 Supervision Act, or (F) if the ordinance was adopted in 34 December 1984 by the Village of Rosemont, or (G) if the -48- LRB9103358SMdvam01 1 ordinance was adopted on December 31, 1986 by a municipality 2 located in Clinton County for which at least $250,000 of tax 3 increment bonds were authorized on June 17, 1997, or if the 4 ordinance was adopted on December 31, 1986 by a municipality 5 with a population in 1990 of less than 3,600 that is located 6 in a county with a population in 1990 of less than 34,000 and 7 for which at least $250,000 of tax increment bonds were 8 authorized on June 17, 1997, or (H) if the ordinance was 9 adopted on October 5, 1982 by the City of Kankakee, or (I) if 10 the ordinance was adopted on December 29, 1986 by East St. 11 Louis, or if the ordinance was adopted on November 12, 1991 12 by the Village of Sauget, or (J) if the ordinance was adopted 13 on February 11, 1985 by the City of Rock Island, or (K) if 14 the ordinance was adopted before December 18, 1986 by the 15 City if Moline and, for redevelopment project areas for which 16 bonds were issued before July 29, 1991, in connection with a 17 redevelopment project in the area within the State Sales Tax 18 Boundary and which were extended by municipal ordinance under 19 subsection (n) of Section 11-74.4-3, the last maturity of 20 the refunding obligations shall not be expressed to mature 21 later than the date on which the redevelopment project area 22 is terminated or December 31, 2013, whichever date occurs 23 first. 24 In the event a municipality issues obligations under home 25 rule powers or other legislative authority the proceeds of 26 which are pledged to pay for redevelopment project costs, the 27 municipality may, if it has followed the procedures in 28 conformance with this division, retire said obligations from 29 funds in the special tax allocation fund in amounts and in 30 such manner as if such obligations had been issued pursuant 31 to the provisions of this division. 32 All obligations heretofore or hereafter issued pursuant 33 to this Act shall not be regarded as indebtedness of the 34 municipality issuing such obligations or any other taxing -49- LRB9103358SMdvam01 1 district for the purpose of any limitation imposed by law. 2 (Source: P.A. 90-379, eff. 8-14-97; 91-261, eff. 7-23-99; 3 91-477, eff. 8-11-99; 91-478, eff. 11-1-99; 91-642, eff. 4 8-20-99; revised 10-14-99.) 5 Section 99. Effective date. This Act takes effect upon 6 becoming law.".