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Division

Commercial Renewal and Redevelopment Areas

  • 65 ILCS 5/11-74.2-1
  • 65 ILCS 5/11-74.2-2
  • 65 ILCS 5/11-74.2-3— 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
  • 65 ILCS 5/11-74.2-4
  • 65 ILCS 5/11-74.2-5
  • 65 ILCS 5/11-74.2-6
  • 65 ILCS 5/11-74.2-7— 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
  • 65 ILCS 5/11-74.2-8
  • 65 ILCS 5/11-74.2-9
  • 65 ILCS 5/11-74.2-10— 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
  • 65 ILCS 5/11-74.2-11— 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
  • 65 ILCS 5/11-74.2-12— 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
  • 65 ILCS 5/11-74.2-13— 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
  • 65 ILCS 5/11-74.2-14— 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
  • 65 ILCS 5/11-74.2-15
  • 65 ILCS 5/11-74.2-16
  • 65 ILCS 5/11-74.2-17
  • 65 ILCS 5/11-74.2-18— 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
  • 65 ILCS 5/11-74.2-19