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Illinois Statutes Chapter 65. Municipalities § 5/11-74.6-20. Ordinance or resolution for feasibility study; copies for taxing districts

Current as of January 01, 2022 | Updated by FindLaw Staff

§ 11-74.6-20. If a municipality or a commission designated pursuant to subsection (1) of Section 11-74.6-15 adopts an ordinance or resolution providing for a feasibility study on the designation of an area as a redevelopment project area, a copy of the ordinance or resolution shall be sent by certified mail within a reasonable time to all taxing districts that would be affected by the designation.

On and after the effective date of this amendatory Act of the 91st General Assembly, the ordinance or resolution shall include:

(1) The boundaries of the area to be studied for possible designation as a redevelopment project area.

(2) The purpose or purposes of the proposed redevelopment plan and project.

(3) A general description of tax increment allocation financing under this Law.

(4) The name, phone number, and address of the municipal officer who can be contacted for additional information about the proposed redevelopment project area and who should receive all comments and suggestions regarding the redevelopment of the area to be studied.

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Cite this article: FindLaw.com - Illinois Statutes Chapter 65. Municipalities § 5/11-74.6-20. Ordinance or resolution for feasibility study; copies for taxing districts - last updated January 01, 2022 | https://codes.findlaw.com/il/chapter-65-municipalities/il-st-sect-65-5-11-74-6-20/

Read this complete Illinois Statutes Chapter 65. Municipalities § 5/11-74.6-20. Ordinance or resolution for feasibility study; copies for taxing districts on Westlaw

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