55 ILCS 5/5-30021

Current through Public Acts 103-1 through 103-587, 103-589, and 103-590

Section 55 ILCS 5/5-30021 - [Determination of economic hardship]

The preservation commission, upon a determination after review of all evidence and information that the denial of a certificate of appropriateness has denied, or will deny the owner of a landmark or of a property within a preservation district of all reasonable use of, or return on, the property, shall undertake one or the other of the following actions:

(1) offer the owner of the property reasonable financing, tax or other incentives sufficient to allow a reasonable use of, or return on, the property:

(2) offer to purchase the property at a reasonable price or institute eminent domain proceedings pursuant to the Eminent Domain Act ; or

(3) issue a certificate of appropriateness for the proposed construction, alteration, demolition or removal.

55 ILCS 5/5-30021

P.A. 86-962.

Amended by P.A. 094-1055, § 95-10-55, eff. 1/1/2007.