65 ILCS 5/11-48.2-2
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 11 - Corporate Powers and Functions

 (from Ch. 24, par. 11-48.2-2)Sec. 11-48.2-2.         The corporate authorities in all municipalities shall have the power to  provide for official landmark designation by ordinance of areas, places,  buildings, structures, works of art and other objects having a special  historical, community, or aesthetic interest or value; and in connection  with such areas, places, buildings, structures, works of art or other  objects so designated by ordinance, whether owned or controlled privately  or by any public body, to provide special conditions, to impose regulations  governing construction, alteration, demolition and use, and to adopt other  additional measures appropriate for their preservation, protection,  enhancement, rehabilitation, reconstruction, perpetuation, or use, which  additional measures may include, but are not limited to, (a) the making of  leases and subleases (either as lessee or lessor of any such property) for  such periods and upon such terms as the municipality shall deem  appropriate; (b) inducing, by contract or other consideration, the creation  of covenants or restrictions binding the land; (c) the acquisition by  purchase or eminent domain of a fee or lesser interest, including a  preservation restriction, in property so designated; the deposit, as  appropriate, in a development rights bank of the development rights  associated with said property; and the reconstruction, operation or  transfer by the municipality of any such property so acquired or the  transfer of any development rights so acquired, all in accordance with such  procedures and subject to such conditions as are reasonable and appropriate  to carrying out the purposes of this Division; (d) appropriate and  reasonable control of the use or appearance of adjacent and immediately  surrounding private property within public view; (e) acquisition by eminent  domain or by other contract or conveyance of immediately surrounding  private property, or any part thereof or interest therein, the alteration  or clearance of which is important for the proper preservation,  reconstruction or use of the designated property; (f) cooperative  relations, including gifts, contracts and conveyances appropriate to the  purposes of this Division, by and between the municipality and any other  governmental body or agency and by and between the municipality and  not-for-profit organizations which have as one of their objects the  preservation or enhancement of areas, places, buildings, structures, works  of art or other objects of special historical, community or aesthetic  interest or value; (g) acceptance and administration by the municipality of  funds or property transferred on trust to the municipality by an  individual, corporation or other governmental or private entity for the  purpose of aiding, either in general or in connection with some specific  designated property, the preservation or enhancement of areas, places,  buildings, structures, works of art or other objects designed by law under  the provisions hereof; (h) issuance of interest bearing revenue bonds,  pursuant to ordinance adopted by the corporate authorities, payable from  the revenues to be derived from the operation of any one or more areas,  places, buildings, structures, works of art or other objects designated by  ordinance and acquired by the municipality under the provisions hereof,  such bonds to mature at a time not exceeding 50 years from their respective  dates of issue and to be in such form, carry such registration privileges,  be executed in such manner, be offered for sale in such manner and be  payable at such place or places and under such conditions and terms as may  be provided in the ordinance or in any subsequent ordinance adopted  pursuant hereto for the purpose of refunding or refinancing any bonds  issued hereunder; and the holder or holders of any such bonds may by mandamus,  injunction or other civil action compel the municipality to perform any covenant  or duty created by the ordinance authorizing their issuance; and (i)  establishment of procedures authorizing owners of designated property to  transfer development rights in such amount and subject to such conditions  as are appropriate to secure the purposes of this Division.Any such special conditions, regulations, or other measures, shall, if  adopted in the exercise of the police power, be reasonable and appropriate  to the preservation, protection, enhancement, rehabilitation,  reconstruction, perpetuation, or use of such areas, places, buildings,  structures, works of art, or other objects so designated by law, or, if  constituting a taking of private property, shall provide for due and just  compensation. This amendatory Act of 1971 does not apply to any  municipality which is a home rule unit.    (Source: P.A. 83-345.)