SB3010 amends the Tax Increment Allocation Redevelopment Act to extend the estimated completion dates for redevelopment projects in the Village of.
SB3010 amends the Tax Increment Allocation Redevelopment Act to extend the estimated completion dates for redevelopment projects in the Village of Summit, Illinois. The bill specifies that the estimated dates of completion and retirement of obligations for these projects can be extended to December 31, 2013. The changes apply to ordinances adopted on July 1, 2003, and affect the financing and management of redevelopment projects in the area.
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