AMENDMENT TO HOUSE BILL AMENDMENT NO.. Amend House Bill 3006 by replacing. everything after the enacting clause with the following:

Transcription

1 *LRB00HLHa* Sen. Patricia Van Pelt Filed: //0 AMENDMENT TO HOUSE BILL 00 AMENDMENT NO.. Amend House Bill 00 by replacing everything after the enacting clause with the following: "Section. The Illinois Municipal Code is amended by changing Section -.-. as follows: 0 ( ILCS /-.-.) Sec Completion dates for redevelopment projects. (a) Unless otherwise stated in this Section, the estimated dates of completion of the redevelopment project and retirement of obligations issued to finance redevelopment project costs (including refunding bonds under Section -.-) may not be later than December of the year in which the payment to the municipal treasurer, as provided in subsection (b) of Section -.- of this Act, is to be made with respect to ad valorem taxes levied in the rd calendar year after the year in which

2 -- 0 the ordinance approving the redevelopment project area was adopted if the ordinance was adopted on or after January,. (b) The estimated dates of completion of the redevelopment project and retirement of obligations issued to finance redevelopment project costs (including refunding bonds under Section -.-) may not be later than December of the year in which the payment to the municipal treasurer as provided in subsection (b) of Section -.- of this Act is to be made with respect to ad valorem taxes levied in the nd calendar year after the year in which the ordinance approving the redevelopment project area was adopted, if the ordinance 0 was adopted on September, by the Village of Downs. The estimated dates of completion of the redevelopment project and retirement of obligations issued to finance redevelopment project costs (including refunding bonds under Section -.-) may not be later than December of the year in which the payment to the municipal treasurer as provided in subsection (b) of Section -.- of this Act is to be made with respect to ad valorem taxes levied in the rd calendar year after the year in which the ordinance approving the redevelopment project area was adopted, if the ordinance was adopted on May 0, by the Village of Wheeling. The estimated dates of completion of the redevelopment project and retirement of obligations issued to finance redevelopment project costs (including refunding bonds under

3 -- Section -.-) may not be later than December of the year in which the payment to the municipal treasurer as provided in subsection (b) of Section -.- of this Act is to be made with respect to ad valorem taxes levied in the th calendar year after the year in which the ordinance approving the redevelopment project area was adopted, if the ordinance 0 0 was adopted on October, by the City of Lawrenceville. (c) The estimated dates of completion of the redevelopment project and retirement of obligations issued to finance redevelopment project costs (including refunding bonds under Section -.-) may not be later than December of the year in which the payment to the municipal treasurer as provided in subsection (b) of Section -.- of this Act is to be made with respect to ad valorem taxes levied in the th calendar year after the year in which the ordinance approving the redevelopment project area was adopted: () if the ordinance was adopted before January, ; () if the ordinance was adopted in December, April, July, or December ; () if the ordinance was adopted in December and the redevelopment project is located within one mile of Midway Airport; () if the ordinance was adopted before January, by a municipality in Mason County; () if the municipality is subject to the Local

4 Government Financial Planning and Supervision Act or the Financially Distressed City Law; () if the ordinance was adopted in December by the Village of Rosemont; () if the ordinance was adopted on December, by a municipality located in Clinton County for which at least $0,000 of tax increment bonds were authorized on June,, or if the ordinance was adopted on December, by a municipality with a population in 0 of less than,00 that is located in a county with a population in 0 of less than,000 and for which at least $0,000 of tax increment bonds were authorized on June, ; () if the ordinance was adopted on October, by the City of Kankakee, or if the ordinance was adopted on December, by East St. Louis; () if the ordinance was adopted on November, by the Village of Sauget; (0) if the ordinance was adopted on February, by the City of Rock Island; () if the ordinance was adopted before December, by the City of Moline; () if the ordinance was adopted in September by Sauk Village; () if the ordinance was adopted in October by Sauk Village;

5 () if the ordinance was adopted on December, by the City of Galva; () if the ordinance was adopted in March by the City of Centreville; () if the ordinance was adopted on January, by the City of East St. Louis; () if the ordinance was adopted on December, by the City of Aledo; () if the ordinance was adopted on February, 0 by the City of Clinton; () if the ordinance was adopted on September, by the City of Freeport; (0) if the ordinance was adopted on December, by the City of Tuscola; () if the ordinance was adopted on December, by the City of Sparta; () if the ordinance was adopted on December, by the City of Beardstown; () if the ordinance was adopted on April,, October,, or December 0, by the City of Belleville; () if the ordinance was adopted on December, by the City of Collinsville; () if the ordinance was adopted on September, by the City of Alton; () if the ordinance was adopted on November,

6 by the City of Lexington; () if the ordinance was adopted on November, by the City of LeRoy; () if the ordinance was adopted on April, or June, by the City of Markham; () if the ordinance was adopted on November, by the City of Pekin; (0) if the ordinance was adopted on December, by the City of Champaign; () if the ordinance was adopted on December, by the City of Urbana; () if the ordinance was adopted on December, by the Village of Heyworth; () if the ordinance was adopted on February, by the Village of Heyworth; () if the ordinance was adopted on March, by the Village of Heyworth; () if the ordinance was adopted on December, by the Town of Cicero; () if the ordinance was adopted on December 0, by the City of Effingham; () if the ordinance was adopted on May, by the Village of Tilton; () if the ordinance was adopted on October 0, by the City of Elmhurst; () if the ordinance was adopted on January,

7 by the City of Waukegan; (0) if the ordinance was adopted on September, by the City of Waukegan; () if the ordinance was adopted on December, by the City of Sullivan; () if the ordinance was adopted on December, by the City of Sullivan; () if the ordinance was adopted on December, by the City of Oglesby; () if the ordinance was adopted on July, by the City of Marion; () if the ordinance was adopted on April, 0 by the City of Marion; () if the ordinance was adopted on August 0, by the Village of Mount Prospect; () if the ordinance was adopted on February, by the Village of Woodhull; () if the ordinance was adopted on April 0, by the Village of Princeville; () if the ordinance was adopted on July, by the City of Granite City; (0) if the ordinance was adopted on February, by the Village of Lombard; () if the ordinance was adopted on December, by the Village of Gardner; () if the ordinance was adopted on July, by

8 the Village of Paw Paw; () if the ordinance was adopted on November, by the Village of Franklin Park; () if the ordinance was adopted on November 0, by the Village of South Holland; () if the ordinance was adopted on July, by the Village of Riverdale; () if the ordinance was adopted on December, by the City of Galesburg; () if the ordinance was adopted on April, by the City of Galesburg; () if the ordinance was adopted on May, 0 by the City of West Chicago; () if the ordinance was adopted on December, by the City of Oak Forest; (0) if the ordinance was adopted in by the City of Villa Grove; () if the ordinance was adopted on January, by the Village of Mt. Zion; () if the ordinance was adopted on December 0, by the Village of Manteno; () if the ordinance was adopted on April, by the City of Chicago Heights; () if the ordinance was adopted on January, by the Village of Rosemont; () if the ordinance was adopted on December, 000

9 by the Village of Stone Park; () if the ordinance was adopted on December, by the City of DeKalb; () if the ordinance was adopted on December, by the City of Aurora; () if the ordinance was adopted on December, by the Village of Milan; () if the ordinance was adopted on September, by the City of West Frankfort; (0) if the ordinance was adopted on December, by the Village of Libertyville; () if the ordinance was adopted on December, by the Village of Hoffman Estates; () if the ordinance was adopted on September, by the Village of Sherman; () if the ordinance was adopted on December, by the City of Macomb; () if the ordinance was adopted on June, 00 by the City of East Peoria to create the West Washington Street TIF; () if the ordinance was adopted on June, 00 by the City of East Peoria to create the Camp Street TIF; () if the ordinance was adopted on August, 000 by the City of Des Plaines; () if the ordinance was adopted on December, by the City of Washington to create the Washington Square

10 TIF #; () if the ordinance was adopted on December, by the City of Morris; () if the ordinance was adopted on July, by the Village of Steeleville; (0) if the ordinance was adopted on December, by the City of Pontiac to create TIF I (the Main St TIF); () if the ordinance was adopted on December, by the City of Pontiac to create TIF II (the Interstate TIF); () if the ordinance was adopted on November, 00 by the City of Chicago to create the Madden/Wells TIF District; () if the ordinance was adopted on November, by the City of Chicago to create the Roosevelt/Racine TIF District; () if the ordinance was adopted on June 0, by the City of Chicago to create the Stony Island Commercial/Burnside Industrial Corridors TIF District; () if the ordinance was adopted on November, by the City of Chicago to create the Englewood Mall TIF District; () if the ordinance was adopted on December, by the City of Mendota; () if the ordinance was adopted on December, by the Village of Cahokia;

11 () if the ordinance was adopted on September 0, by the City of Belleville; () if the ordinance was adopted on December 0, by the Village of Bellevue to create the Bellevue TIF District ; (0) if the ordinance was adopted on December, by the Village of Crete; () if the ordinance was adopted on February, 00 by the Village of Crete; () if the ordinance was adopted on April, 00 by the Village of Crete; () if the ordinance was adopted on December, by the City of Champaign; () if the ordinance was adopted on December 0, by the City of Charleston; () if the ordinance was adopted on June, by the Village of Romeoville; () if the ordinance was adopted on October, and amended on August, 00 by the City of Venice; () if the ordinance was adopted on June, by the City of Markham; () if the ordinance was adopted on May, by the Village of Bensenville; () if the ordinance was adopted on November, by the City of Dixon; (00) if the ordinance was adopted on December 0,

12 by the Village of Lansing; (0) if the ordinance was adopted on October, by the City of Moline; or (0) if the ordinance was adopted on May, by the Village of Glenwood;. (0) (0) if the ordinance was adopted on January, by the City of East Peoria; or (0) (0) if the ordinance was adopted on December, by the City of Carlyle; or. (0) if the ordinance was adopted on April, 000, as amended on May, 000 and subsequently, by the City of Chicago to create the Midwest Redevelopment TIF District. (d) For redevelopment project areas for which bonds were issued before July,, or for which contracts were entered into before June,, in connection with a redevelopment project in the area within the State Sales Tax Boundary, the estimated dates of completion of the redevelopment project and retirement of obligations to finance redevelopment project costs (including refunding bonds under Section -.-) may be extended by municipal ordinance to December, 0. The termination procedures of subsection (b) of Section -.- are not required for these redevelopment project areas in 00 but are required in 0. The extension allowed by Public Act - shall not apply to real property tax increment allocation financing under Section -.-. (e) Those dates, for purposes of real property tax

13 increment allocation financing pursuant to Section -.- only, shall be not more than years for redevelopment project areas that were adopted on or after December, and for which at least $ million worth of municipal bonds were authorized on or after December, but before January, 0; provided that the municipality elects to extend the life of the redevelopment project area to years by the adoption of an ordinance after at least but not more than 0 days' written notice to the taxing bodies, that would otherwise constitute the joint review board for the redevelopment project area, before the adoption of the ordinance. (f) Those dates, for purposes of real property tax increment allocation financing pursuant to Section -.- only, shall be not more than years for redevelopment project areas that were established on or after December, but before January, and for which at least $,00,000 worth of tax increment revenue bonds were authorized on or after September 0, 0 but before July, ; provided that the municipality elects to extend the life of the redevelopment project area to years by the adoption of an ordinance after at least but not more than 0 days' written notice to the taxing bodies, that would otherwise constitute the joint review board for the redevelopment project area, before the adoption of the ordinance. (g) In consolidating the material relating to completion dates from Sections -.- and -.- into this Section,

14 -- 0 it is not the intent of the General Assembly to make any substantive change in the law, except for the extension of the completion dates for the City of Aurora, the Village of Milan, the City of West Frankfort, the Village of Libertyville, and the Village of Hoffman Estates set forth under items (), (), (), (0), and () of subsection (c) of this Section. (Source: P.A. -, eff. --0; -, eff. -0-0; -0, eff. -0-0; -0, eff. --0; -, eff. -0-0; -, eff. --0; -, eff. --0; -, eff. --0; -, eff. --0; -, eff. --0; -, eff. --0; -0, eff. --0; -, eff. --0; -000, eff. --0; -, eff. --0; -, eff. -0-0; -, eff. --; -, eff. -0-; -, eff. --; -, eff. --; -00, eff. --; -, eff. --; -, eff. --; -0, eff. --; -, eff. --; revised -0-.) Section. Effective date. This Act takes effect upon becoming law.".