315 ILCS 30/24
2021 Illinois Compiled Statutes|Chapter 315 - URBAN PROBLEMS|315 ILCS 30/ - Urban Renewal Consolidation Act of 1961.|Part III - General Provisions

 (from Ch. 67 1/2, par. 91.124)Sec. 24.         In addition to the powers and authorities granted in this  Act to municipalities, acting through a Department of Urban Renewal,  municipalities creating a Department of Urban Renewal pursuant to the  provisions of this Act shall have the following powers and authority:(a) To acquire by gift, purchase or exercise of the right of eminent  domain the fee simple title to real property, or such lesser estate as  may serve the purposes of this Act, and to hold, improve, mortgage,  manage, sell, lease or exchange the same, in accordance with the  provisions of this Act and for any of the purposes of this Act.(b) To issue bonds from time to time in its discretion to procure  funds for any of the purposes of this Act; to issue refunding bonds for  the purpose of paying or retiring or in exchange for bonds previously  issued by it or by a land clearance commission which is to be dissolved  by reason of the creation of a Department. "Bonds" shall mean any bonds  (including refunding bonds), notes, interim certificates, debentures, or  other obligations issued by a municipality pursuant to this Act, and the  words "Bondholder" or "Bondholders" shall mean the holder or holders of  any such bonds.(c) To borrow money, to apply for and accept advances, loans,  grants, contributions, gifts, services, or other financial assistance,  from the United States of America or any agency or instrumentality  thereof, the State, County, Municipality or other public body or from  any sources, public or private, for or in aid of any of the purposes of  this Act, including advances for surveys and plans for redevelopment  projects or conservation areas, and to secure the payment of any loans  or advances by the issuance of bonds or notes, and by the pledge of any  loan, grant or contribution, or parts thereof, or the contracts  therefor, to be received from the United States of America or any agency  or instrumentality thereof, and to enter into and carry out contracts in  connection therewith; to redeem its bonds or notes at the redemption  price established therein or to purchase them at less than the  redemption price, all bonds or notes so redeemed or purchased to be  cancelled. Any ordinance providing for the issuance of such bonds shall  be effective without submitting the proposition to the electors of the  municipality in accordance with the requirements of Sections 8-4-1 and  8-4-2 of the "Illinois Municipal Code", approved May 29, 1961, as  heretofore and hereafter amended. A municipality, notwithstanding the  provisions of any other law, may include in any contract for financial  assistance with the United States of America or any agency or  instrumentality thereof for a redevelopment project or a conservation  area, such conditions imposed pursuant to Federal law as the  municipality may deem reasonable and appropriate and which are not  inconsistent with the purposes of this Act or with the foregoing  proviso.(d) To incur indebtedness and issue general obligation bonds, as  provided in Section 28 hereof, in such amount or amounts as the  governing body of the municipality deems necessary for the purpose of  raising funds to be used by a Department of Urban Renewal whose area of  operation includes that municipality, in aid of the eradication and  elimination of slum and blighted areas and the acquisition, development  or redevelopment of any other areas which may constitute a redevelopment  project within that municipality or in aid of a conservation area.(e) To appropriate and pay for the use of the Department whose area  of operation includes that municipality, available funds for and in aid  of redevelopment projects and conservation areas in that municipality in  the manner provided in this Act.(f) To appropriate and pay for the use of the Department of Urban  Renewal under Part I of this Act, the proceeds of bonds issued in  exercise of the powers specified in Section 11-11-1 of the "Illinois  Municipal Code", approved May 29, 1961, as heretofore and hereafter  amended.(g) To use for any of the purposes of this Act any of the funds  arising from the use or sale of any property acquired under the  provisions of this Act and not pledged for the payment of revenue bonds.(h) The Department, subject to the approval of the Budget Director  of the municipality, shall prescribe methods and forms for keeping its  accounts, records and books; prescribe accounts to which particular  outlays and receipts shall be entered, charged, or credited; file  periodical reports covering its operations and activities in a form  prescribed by such Budget Director. Copies of all such reports shall be  submitted to the presiding officer of the municipality.(i) To succeed, by assignment, novation, conveyance, substitution or  other appropriate mode of transfer, to the assets, liabilities, rights,  privileges, powers and duties of a land clearance commission which  exists in the area of operation of its Department of Urban Renewal,  including but not limited to rights of such land clearance commission in  real property, rights and obligations under contracts, options or  agreements of any kind or nature, including rights and obligations under  contracts with the government for loans and grants, and rights and  obligations as party to any pending action.(j) To assign or loan any of its employees to a Department in aid of  the performance of the work of the Department, and provide necessary  office space, equipment or other facilities for the Department.(k) In case of contumacy or refusal to obey a subpoena issued to any  person, the Circuit Court of the county in which such person  resides or has his principal place of business upon application by the  Department, shall have jurisdiction to issue to such person an order  requiring such person to appear before the Department or before any  member, employee or agent thereof designated to conduct such hearing  there to produce evidence, if so desired, or there to give testimony  touching the matter under investigation and any failure to obey such  order of the Court may be punished by the Court as a contempt thereof.The officials of any city, village or town and the members of any  zoning commission shall, when requested so to do by any member of the  Department, make available for inspection by the Department or by any  committee, employee or agent of the Department, any and all records and  data which they may have pertaining to an area which is then being  investigated.(l) For the purpose of aiding in the planning, undertaking or  carrying out of a redevelopment project or a conservation plan for a  conservation area, the governing body of the municipality, after public  hearing, may direct the Department to enter into cooperation and  conveyance agreements with any hospital or educational institution of  higher learning, both public and private, or any private corporation  acting on behalf of such institutions, respecting the redevelopment or  renewal or conservation of slum or blighted or conservation areas  embracing, adjacent to, or in the immediate vicinity of such hospital,  educational institution or a major branch thereof and may, in addition  to its other powers and upon such terms, with or without consideration,  as it may determine, perform such cooperation and conveyance agreements  and do and perform any or all of the actions or things necessary or  desirable to assure that the municipality obtains credit as a local  grant-in-aid for the aggregate amount of expenditures made by any such  hospital, educational institution, or private corporation acting on  behalf of such institutions, which would be eligible as such under Title  I of the Federal Housing Act of 1949, as amended.(m) Have and exercise all of the powers and functions vested in the  municipality by virtue of any statute as shall be necessary to  effectuate the purposes of this Act.    (Source: P.A. 81-282.)