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IL SB3847
Bill
AI Summary
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Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code by adding a new provision to Section 11-74.4-3.5 regarding completion dates for redevelopment projects.
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Extends the estimated dates of completion and retirement of obligations for the Joliet City Center TIF District, which was created by ordinance adopted on April 4, 2000 by the City of Joliet.
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Extension is conditional upon the City of Joliet and the Village of Elwood first reaching a boundary agreement.
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Takes effect immediately upon becoming law.
Legislative Description
TIF-CITY OF JOLIET-CITY CENTER
Last Action
Session Sine Die
1/13/2021
Committee Referrals
Assignments4/12/2020
Revenue3/12/2020
Assignments2/14/2020
Full Bill Text
No bill text available