The McLean County Supervisor of Assessments shall, under the
authority granted in 35 ILCS 200/15-178(f)(5), annually assess and
collect a fee for processing applications for the McLean County Supervisor
of Assessments Affordable Rental Housing Program offering a reduction
in assessed value of affordable rental housing in accordance with
the following schedule:
A. The application fee for a property containing 12 or fewer rental
dwelling units shall be $250.
B. The application fee for a property containing more than 12 rental
dwelling units shall be $750.
The Supervisor of Assessments shall remit such fees to the County
Treasurer not less than weekly.
The County Treasurer shall establish a special fund which will
be designated the "Supervisor of Assessments Affordable Rental Housing
Application Processing Fee" to which the fees collected pursuant to
this article shall be deposited.
This special fund shall be used solely to offset the administrative
expenses associated with the program.
This article shall have an effective date of January 1, 2024.