Allows shared services agreements for warehouse developments to specify cost and revenue sharing.

This bill amends the "Uniform Shared Services and Consolidation Act" to allow local units entering into or renewing a shared services agreement for the development of a warehouse within their shared territories to specify terms and conditions related to sharing the costs and revenues of the warehouse development. The agreement must also specify the square footage of the warehouse. The intent is to prevent overdevelopment or underutilization of warehouses, ensuring municipalities receive promised property tax revenue.

Allows shared services agreements for warehouse developments to specify cost and revenue sharing.

This bill amends the "Uniform Shared Services and Consolidation Act" to allow local units entering into or renewing a shared services agreement for the development of a warehouse within their shared territories to specify terms and conditions related to sharing the costs and revenues of the warehouse development. The agreement must also specify the square footage of the warehouse. The intent is to prevent overdevelopment or underutilization of warehouses, ensuring municipalities receive promised property tax revenue.