Amends the Illinois Municipal Code. Provides that a leasehold for a term not in excess of 50 years may be made with a nonprofit corporation or association and extended for an additional 25 years by ordinance or resolution thereafter for specified purposes, including, but not limited to: cultivation or use of vacant lots for gardening or recreational purposes; and the lease of a tract of land of less than 5 acres to sell fresh fruits and vegetables. Provides that, when the city council of a municipality determines that all or any part of a municipal-owned tract of land, with or without improvements, is not then needed for municipal purposes, the city council may, by resolution or ordinance, authorize a private sale and conveyance of the same, or any part thereof, for nominal consideration without compliance with any other law governing disposal of lands by municipalities requiring adequate consideration. Limits the use of the property leased or conveyed under the provisions. Provides that property leased or conveyed under the provisions is exempt from property taxation under the Property Tax Code if the property is actually used for the cultivation and sale of fresh fruits and vegetables and leased or owned by a nonprofit organization or association that includes among its principal purposes the cultivation and sale of fresh fruits and vegetables. Contains a statement of findings.

Statutes affected:
Introduced: 65 ILCS 5/11
Engrossed: 35 ILCS 200/15, 65 ILCS 5/11