SB2849 extends the completion dates for redevelopment projects in Bedford Park, Illinois.
SB2849 amends the Tax Increment Allocation Redevelopment Act to extend the estimated dates of completion and retirement of obligations for the 65th Street TIF District in Bedford Park, Illinois. The bill specifies that the redevelopment project and related obligations can be extended to December 31 of the year in which the payment to the municipal treasurer is due, as per subsection (b) of Section 11-74.4-8. This extension applies to the ordinance adopted on August 10, 2010, which established the redevelopment project area.
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