Illinois Statutes Chapter 65. Municipalities § 125/30. Proposals to establish a business improvement district

(a) To propose a business improvement district, a written petition satisfying the requirements of Section 75 shall be filed with the clerk and shall include the name and legal status of the filing party, information specifying where the complete district plan can be obtained, and a summary of the district plan that includes: the boundaries of the proposed business improvement district; the proposed activities and improvements and estimated amount of annual funding required; the method of assessment; the business improvement district's governance structure; and the total amount of the proposed district charges. The information contained in the summary shall be sufficient if it enables a property owner to generally identify the location and extent of the proposed business improvement district, the nature and extent of the activities and improvements, the estimated annual district charge that the property owner would pay, and the maximum annual district charge that the property owner would pay.

(b) Upon receiving a written petition to establish a business improvement district and concluding that the petition meets the requirements of Section 75, the clerk shall submit the petition to the governing body.