SB3039 extends the estimated completion dates for redevelopment projects in the Village of Lisle, Illinois.
SB3039 amends the Tax Increment Allocation Redevelopment Act to extend the estimated dates of completion and retirement of obligations for redevelopment projects in the Village of Lisle, Illinois. This extension applies to projects initiated by an ordinance adopted on March 2, 2015. The bill specifies that the extended dates must comply with certain conditions, including notice to taxing bodies and adherence to tax increment allocation financing provisions.
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