Tax Increment Financing Concepts for the Future
By Herbert J. Klein
Local Government Law,
March 2022
An overview of the numerous ways in which the Illinois Tax Increment Allocation Redevelopment Act authorizes cities, towns, and villages in Illinois to work with other taxing bodies and developers to use tax increment financing to stimulate local economic activity for the benefit of the entire community.
Prevailing Wage and the TIF Act
By Nicolas P. Nelson & Herbert J. Klein
Local Government Law,
March 2016
This article examines the legislative history, case-law, and statutory support for the Illinois Department of Labor’s current position that the Prevailing Wage Act is not applicable to private projects receiving TIF benefits under a TIF District redevelopment agreement.
Negotiating tax increment financing redevelopment agreements
By Herbert J. Klein
Local Government Law,
April 2011
As redevelopment agreements typically exist for a number of years, care should be taken to address all known and reasonably anticipated issues in a clear and unambiguous manner. Here's a look at some of the items the agreement should address.
Employment agreements
By Herbert J. Klein
Business Advice and Financial Planning,
March 2009
Key points to consider in advising a client considering an employment agreement.
Structuring an LLC operating agreement
By Herbert J. Klein
Business Advice and Financial Planning,
November 2002
Limited liability companies (LLC) have become a popular choice for entity selection.
Developments under the Real Property Disclosure Act
By Herbert J. Klein
Business Advice and Financial Planning,
June 2001
The Residential Real Property Disclosure Act (RRPDA) was first enacted on October 1, 1994. Since that date it has been amended by the legislature and interpreted by several courts.
Useful law summaries
By Herbert J. Klein
Business Advice and Financial Planning,
September 1999
The Illinois Legislature enacted Public Act 90-737, the Illinois Governmental Ethics and Gift Ban Act.
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