Sec. 5-30021. Determination of economic hardship.
126 words·~1 min read·
/il/chapter-55/act-5/5-30021A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 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.