reglab/housing_qa huggingface dataset:
65 ILCS 5/11-74.2-3
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-74.2-3)Sec. 11-74.2-3.         The corporate authorities of any municipality may by  resolution provide for an initial study and survey to determine if the  municipality contains any commercial blight or conservation areas.In making the study and survey the corporate authorities shall:(a) Cooperate with and use any evidence gathered by any public or  private organization relative to the existence, extent or likelihood  of commercial  blight in the municipality;(b) Hold public or private hearings, conduct investigations, hear  testimony and gather evidence relating to commercial blight or likelihood  of commercial blight and its  elimination;(c) Create a representative Citizens Committee of not less than 9  persons, to be appointed by the chief executive officer of the  municipality with the approval of a majority of the municipal council,  which committee shall consist of representatives from among local  merchants, owners of commercial real estate, the advertising media,  residential property owners associations, human relations commissions,  labor organizations and civic groups;(d) Formulate a proposed commercial redevelopment plan for any  blight or conservation area, provided that such plan has received the approval and  recommendation of a 2/3 majority vote of the members of the Citizens  Committee created under paragraph (c) of this Section.    (Source: P.A. 81-3.)
65 ILCS 5/11-74.2-4
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-74.2-4)Sec. 11-74.2-4.         If as a result of their initial study and survey the  corporate authorities determine that one or more commercial blight or conservation areas  exist in the municipality, they may by resolution set forth the  boundaries of each commercial blight or conservation area and the factors that exist in  the blight or conservation areas that are detrimental to public health, safety, morals  and welfare.In the same resolution the corporate authorities may provide for a  public hearing on commercial blight or conservation and may submit proposed  redevelopment plans for the blight or conservation areas. At least 20 days before the  hearing the municipal clerk shall give notice of the hearing by  publication at least once in a newspaper of general circulation within  the municipality.    (Source: P.A. 81-3.)
65 ILCS 5/11-74.2-5
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-74.2-5)Sec. 11-74.2-5.         At the hearing on commercial blight or conservation areas  the corporate  authorities shall introduce the testimony and evidence that entered into  their decision to declare an area a commercial blight or conservation  area, and shall  enter into the record of the proceedings all proposed commercial  redevelopment plans received at or prior to the hearing. All interested  persons may appear and testify for or against any proposed commercial  redevelopment plan. The hearing may be continued from time to time at  the discretion of the corporate authorities to allow necessary changes  in any proposed plan or to hear or receive additional testimony from  interested persons.    (Source: P.A. 81-3.)
65 ILCS 5/11-74.2-6
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-74.2-6)Sec. 11-74.2-6.         At the conclusion of the hearing on commercial blight and conservation areas  the corporate  authorities shall formulate and publish a final commercial redevelopment  plan for the municipality after approval by a 2/3 majority vote of the  members of the Citizens Committee, which plan may incorporate any  exhibit, plan, proposal, feature, model or testimony resulting from the  hearing. The final redevelopment plan shall be made available for  inspection by all interested parties.    (Source: P.A. 81-3.)
65 ILCS 5/11-74.2-7
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-74.2-7)Sec. 11-74.2-7.         Within 30 days after the publication of a final commercial  redevelopment plan, any person aggrieved by the action of the corporate  authorities may seek a review of their decision and the redevelopment plan  under the Administrative Review Law. The provisions of that Act and all  amendments and modifications thereof and the rules adopted pursuant thereto  shall apply to and govern all proceedings for the judicial review of the  actions of the corporate authorities and the final commercial redevelopment  plan.If no action is initiated under the Administrative Review Law, or if the  court sustains the corporate authorities and the final redevelopment plan  as is, or as amended by the court, the corporate authorities may proceed to  carry out the final commercial redevelopment plan.    (Source: P.A. 82-783.)
65 ILCS 5/11-74.2-9
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-74.2-9)Sec. 11-74.2-9. In exercising the power to acquire real estate as provided  in this Division, the corporate authorities may proceed by gift, purchase  or condemnation to acquire the fee simple title to all real property lying  within a redevelopment area, including easements and reversionary interests  in the streets, alleys and other public places lying within such area; if  the property is to be obtained by condemnation, such power of condemnation  may be exercised only when at least 85% of the land located within the  boundaries of each plan has been acquired previously by the corporate  authorities or private organization pursuant to the implementation of the  plan through good faith negotiations and such negotiations are unsuccessful  in acquiring the remaining land. If any such real property is subject to an  easement the corporate authorities in their discretion, may acquire the fee  simple title to such real property subject to such easement if they  determine that such easement will not interfere with carrying out the  redevelopment plan. If any such real property is already devoted to a  public use it may nevertheless be acquired, provided that no property  belonging to the United States of America, the State of Illinois or any  municipality may be acquired without the consent of such governmental unit  and that no property devoted to a public use belonging to a corporation  subject to the jurisdiction of the Illinois Commerce Commission may be  acquired without the approval of the Illinois Commerce Commission. In  carrying out the provisions of this Division, the corporate authorities are  vested with the power to exercise the right of eminent domain. Condemnation  proceedings instituted by the corporate authorities shall be in the manner  provided for the exercise of the right of eminent domain  under the Eminent Domain Act. No power of  condemnation shall be used to acquire a site for a commercial project as  defined in paragraph (c) of Section 11-74.2-2.Nothing in this Section shall be construed to exclude property in a  final redevelopment plan from taxation.       (Source: P.A. 94-1055, eff. 1-1-07.)
65 ILCS 5/11-74.2-10
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-74.2-10)Sec. 11-74.2-10.         When the corporate authorities have acquired title  to, and possession of all or any part of the real property located  within a redevelopment area, they may let contracts for the demolition  or removal of buildings and for the removal of any debris. The corporate  authorities shall advertise for sealed bids for doing such work. The  advertisement shall describe by street number or other means of  identification the location of the buildings to be demolished or removed  and the time and place where sealed bids for the work may be delivered  to the corporate authorities. The advertisement shall be published once  in a newspaper having a general circulation in the municipality 20 days  prior to the date for receiving bids.The contract for doing the work shall be let to the lowest  responsible bidder, but the corporate authorities may reject any and all  bids received and readvertise for bids. Any contract entered into by the  corporate authorities under this Section shall contain provisions  requiring the contractor to give bond in an amount equal to 1/3 of his  bid price, but in no event in excess of $25,000, conditioned for the  faithful performance of the contract and requiring the contractor to  furnish insurance of a character and amount to be determined by the  corporate authorities protecting the corporate authorities and the  municipality, its officers, agents and employees against any claims for  personal injuries, including death and property damage which may be  asserted because of the contract. The corporate authorities may include  in any advertisement and in the contract one or more buildings, or  groups of buildings, as they in their sole discretion may determine.Notwithstanding the foregoing, if prior authorization is granted by  ordinance of the corporate authority, contracts for work on commercial  projects to be financed with revenue bonds payable solely from rentals, loan repayments  and other receipts to be derived from such commercial projects, whether  or not secured by a mortgage, may be let by the prospective lessee  without advertisement or bidding.    (Source: P.A. 81-1376.)
65 ILCS 5/11-74.2-11
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-74.2-11)Sec. 11-74.2-11.         In carrying out the provisions of a final redevelopment  plan the corporate authorities may pave and improve streets in the  redevelopment area, construct sidewalks and install or relocate sewers,  water pipes and other similar facilities. The corporate authorities shall  advertise for sealed bids for doing such work. The advertisement shall  describe the nature of the work to be performed and the time when and place  where sealed bids for the work may be delivered to the corporate  authorities. The advertisement shall be published once in a newspaper  having a general circulation in the municipality at least 20 days prior to  the date for receiving bids. A contract for doing the work shall be let to  the lowest responsible bidder, but the corporate authorities may reject any  and all bids received and readvertise for bids. The contractor shall enter  into bond in an amount equal to 1/3 of the amount of his bid conditioned  for the faithful performance of the contract. The sureties on such bond and  on the bond given pursuant to Section 11-74.2-10 shall be approved by the  corporate authorities.    (Source: Laws 1967, p. 3213.)
65 ILCS 5/11-74.2-12
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-74.2-12)Sec. 11-74.2-12.         When the corporate authorities have acquired title to, and  possession of any or all real property in the redevelopment area, they may  convey any part of the redevelopment area to any public body having  jurisdiction over schools, parks or playgrounds in the area. The property  so conveyed shall be used for parks, playgrounds, schools and other public  purposes as the corporate authorities may determine. The corporate  authorities may charge for such conveyances whatever price they and the  officials of the public bodies receiving the land may agree upon. The  corporate authorities may also grant with or without charge, easements for  public utilities, sewerage and other similar facilities.    (Source: Laws 1967, p. 3213.)
65 ILCS 5/11-74.2-13
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-74.2-13)Sec. 11-74.2-13.         No member of the corporate authority or employee of a  municipality subject to this Division shall acquire any interest direct or  indirect in any redevelopment area or in any property included or planned  to be included in any redevelopment area. Nor shall they have any interest  direct or indirect in any contract or proposed contract in connection with  any such redevelopment area. If any such member or employee owns or  controls an interest direct or indirect in any property included in any  redevelopment area he shall disclose the same in writing to the  municipality and such disclosure shall be entered upon the minute books of  the municipality.    (Source: Laws 1967, p. 3213.)
65 ILCS 5/11-74.2-14
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-74.2-14)Sec. 11-74.2-14.         The corporate authorities may at any time transfer  and sell the fee simple title, or any lesser estate that they acquired  to all or any part of the real property within the redevelopment area.  No such sale shall be inconsistent with the provisions of paragraph (e)  of Section 11-74.2-8.Such sales and transfers may be made to:(1) Any individual, association or corporation, organized under the  laws of this State or of any other State or country, which may legally  make such investments in this State, including foreign and alien  insurance companies, as defined in Section 2 of the "Illinois Insurance  Code"; or(2) Any body politic and corporate, public corporation or private  individual, corporation, association or interest empowered by law to  acquire, develop and use such real property for such uses, public or  private, as are in accordance with the final redevelopment plan.To provide that the real property sold by the corporate authorities  is used in accordance with the final redevelopment plan, the corporate  authorities shall inquire into and satisfy themselves concerning the  financial ability of the purchaser to complete the redevelopment in  accordance with the redevelopment plan and shall require the purchaser  to execute in writing such undertakings as the corporate authorities may  deem necessary to obligate the purchaser to:(1) Use the land for the purposes designated in the approved plan;(2) Commence and complete the building of the improvements or the renovation  of the property within the periods of time which the corporate authorities fix  as reasonable; and(3) Comply with such other conditions as are necessary to carry out  the purposes of the final redevelopment plan.Any redevelopment area may be sold either as an entirety or in such  parcels as the corporate authorities may select. It is not necessary  that title be acquired to all real property within the redevelopment  area before the sale of a part thereof may be made as provided in this  Section.  All real property sold shall be sold at its use value which may  be less than its acquisition cost. For purposes of this Division, use  value represents the value at which the corporate authorities determine  that such land should be made available in order that it may be  developed or redeveloped for the purposes specified in the final  redevelopment plan.    (Source: P.A. 81-3.)
65 ILCS 5/11-74.2-15
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-74.2-15)Sec. 11-74.2-15.         Any real property in the redevelopment area that has not  been sold, or in the case of commercial projects sold or leased, by the  corporate authorities within 5 years after they have acquired title to all  the real property in the area shall be sold by the corporate authorities at  public sale for cash to the highest bidder who obligates himself to  redevelop the property in accordance with the final redevelopment plan.  Notice of the sale and of the place where the final redevelopment plan may  be inspected shall be published once in a newspaper having a general  circulation in the municipality in which the real property is situated at  least 20 days prior to the date of the public sale. The notice shall  contain a description of the real property to be sold and a general  statement of the use for which such property may be developed under the  redevelopment plan.The corporate authorities may reject the bids received if in their  opinion the highest bid does not equal or exceed the use value of the land  to be sold. Within 6 months after the bids have been rejected, the  corporate authorities shall again advertise for sale any real property then  remaining unsold. Each additional publication and offer for bids shall be  subject to the same requirements and conditions as the original  publication.Any deed executed by the corporate authorities under this Division may  contain such restrictions as are required by the final redevelopment plan  and necessary building and zoning ordinances. All such deeds of conveyance  shall be executed in the name of the municipality by its chief executive  officer, and the seal of the municipality shall be attached to the deeds.    (Source: P.A. 78-1155.)
65 ILCS 5/11-74.2-16
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-74.2-16)Sec. 11-74.2-16.         The corporate authorities are authorized and  empowered to incur indebtedness and issue revenue bonds in such amounts  as they deem necessary for the purpose of raising funds for carrying out  the provisions of a final redevelopment plan providing for the  eradication and elimination of commercial blight and conditions likely  to create blight and the acquisition, development or redevelopment of  commercial blight or conservation areas and any other area which may  constitute a redevelopment area within the municipality or for the  purpose of financing in whole or in part the cost of acquisition,  construction and financing of any commercial projects. The ordinance  authorizing the issuance of such revenue bonds shall specify the total  amount of bonds to be issued, the form and denomination, the date they  are to bear, the place at which they are payable, the date or dates of  maturity which shall not be later than 40 years after date, the rate of  interest  which shall not exceed that permitted in "An Act to authorize public corporations  to issue bonds, other evidences of indebtedness and tax anticipation warrants  subject to interest rate limitations set forth therein", approved May 26,  1970, as now or hereafter amended.  The ordinance  shall also specify the dates  on which  interest is payable. Such bonds shall be sold at private or public sale  at a price of not less than 97% of par. The bonds shall be executed by such officials as  may be provided in the bond ordinance. The bonds may be made  registerable to principal and may be made callable on any interest  payment date, with or without premium, plus accrued interest  after notice has been given in  the manner provided in the bond ordinance. The bonds shall remain valid  even though one or more of the officers executing the bonds cease to  hold office before the bonds are delivered.The amendatory Acts of 1971, 1972 and 1973 are not a limit upon any  municipality which is a home rule unit.    (Source: P.A. 82-902.)
65 ILCS 5/11-74.2-17
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-74.2-17)Sec. 11-74.2-17.         The bonds shall contain a provision that the principal and  interest thereon shall be payable exclusively from the proceeds and  revenues of any commercial redevelopment plan or commercial project which  is financed in whole or in part with the proceeds of such bonds, together  with whatever funds of the municipality from whatever source derived as are  necessary to constitute a local matching cash grant-in-aid or contribution  for the redevelopment plan within the meaning of any applicable federal or  State law. Such bonds may be additionally secured by a pledge of any loan,  grant or contribution, or parts thereof, received from the United States of  America or any agency or instrumentality thereof, or any loan, grant or  contribution from any other public or private body, instrumentality,  corporation or individual, or any duly executed contract for such pledge,  loan, grant or contribution or by the assignment of any lease obligation of  any commercial concern.The corporate authorities executing the revenue bonds shall not be  personally liable on the bonds because of their issuance. The bonds shall  not be the debt of any municipality or the State, or any subdivision  thereof. The bonds shall not be payable out of any funds of the  municipality except those indicated in this Section.The bonds shall not constitute an indebtedness within the meaning of any  constitutional or statutory debt limitation or restriction.    (Source: P.A. 78-1155.)
65 ILCS 5/11-74.2-18
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-74.2-18)Sec. 11-74.2-18.         The revenue bonds issued pursuant to this Division shall  be sold to the highest and best bidder at not less than their par value and  accrued interest. The municipality shall, from time to time as bonds are to  be sold, advertise for proposals to purchase the bonds. Each such  advertisement may be published in such newspapers and journals as the  corporate authorities may determine but must be published at least once in  a newspaper having a general circulation in the municipality at least 10  days prior to the date of the opening of the bids. The municipality may  reserve the right to reject any and all bids and readvertise for bids.  Revenue bonds issued solely for the purpose of financing a commercial  project may, notwithstanding the foregoing provisions of this Section, be  sold at private sale without advertisement at not less than par and accrued  interest.The bonds may be issued without submitting any proposition to the  electorate by referendum or otherwise.  Any bonds issued under this Section as limited bonds as defined in Section 3  of  the Local Government Debt Reform Act shall comply with the requirements of the  Bond Issue Notification Act.    (Source: P.A. 89-655, eff. 1-1-97.)
65 ILCS 5/11-74.2-19
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-74.2-19)Sec. 11-74.2-19.         In connection with the issuance of the revenue bonds  authorized by this Division, and in order to secure the payment of such  bonds, the corporate authorities may, subject to the powers and limitations  contained in this Division, covenant and agree in the bonds, bond ordinance  or resolution, or any trust agreement executed pursuant thereto, to any  necessary condition, power, duty, liability or procedure for the issuance,  payment, redemption, security, marketing, replacement or refinancing of  such bonds, and the use, disposition or control of all or any part of the  revenues realized from a commercial redevelopment plan.    (Source: Laws 1967, p. 3213.)
65 ILCS 5/Art. 11 Div. 74.3 heading
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 DIVISION 74.3.      BUSINESS DISTRICT DEVELOPMENT AND REDEVELOPMENT