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| 1 |  |     (70 ILCS 508/15) | 
| 2 |  |     Sec. 15. Creation of Authority; Board members; officers.  | 
| 3 |  |     (a) The Joliet Arsenal Development Authority is created as  | 
| 4 |  | a political subdivision, body politic, and municipal  | 
| 5 |  | corporation. | 
| 6 |  |     (b) The territorial jurisdiction of the Authority shall  | 
| 7 |  | extend over all of the territory, consisting of 3,000 acres,  | 
| 8 |  | more or less, that is commonly known and described as the  | 
| 9 |  | Joliet ammunition plant and arsenal and includes the  | 
| 10 |  | municipalities of Channahon, Crest Hill, Elwood, Joliet,  | 
| 11 |  | Lockport, Manhattan, Rockdale, Romeoville, Symerton, and  | 
| 12 |  | Wilmington. The legal description of the territory is (1)  | 
| 13 |  | approximately 1,900 acres located at the Arsenal, the  | 
| 14 |  | approximate legal description of which includes part of  | 
| 15 |  | section 30, Jackson Township, T34N R10E, and sections or part  | 
| 16 |  | of sections 24, 25, 26, 35, and 36, Channahon Township, T34N  | 
| 17 |  | R9E, Will County, Illinois, as depicted in the Arsenal Land  | 
| 18 |  | Use Concept; and (2) approximately 1,100 acres, the  | 
| 19 |  | approximate legal description of which includes part of  | 
| 20 |  | sections 16, 17, and 18, Florence Township, T33N R10E, Will  | 
| 21 |  | County, Illinois, as depicted in the Arsenal Land Use Concept. | 
| 22 |  |     (c) The governing and administrative powers of the  | 
| 23 |  | Authority shall be vested in its Board of Directors consisting  | 
| 24 |  | of 15 10 members. Four of the members of the Board of Directors     | 
| 25 |  | , 4 of whom shall be appointed by the Governor from Will  | 
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| 1 |  | County, by and with the advice and consent of the Senate. One  | 
| 2 |  | of the members of the Board of Directors , and 6 of whom shall  | 
| 3 |  | be appointed by the Will County Executive with the advice and  | 
| 4 |  | consent of the Will County Board. The mayors of the  | 
| 5 |  | municipalities of Channahon, Crest Hill, Elwood, Joliet,  | 
| 6 |  | Lockport, Manhattan, Rockdale, Romeoville, Symerton, and  | 
| 7 |  | Wilmington shall each appoint one member of the Board of  | 
| 8 |  | Directors. All members appointed to the Board shall be  | 
| 9 |  | residents of Will County. , but of the 6 members who are  | 
| 10 |  | appointed by the Will County Executive, with the advice and  | 
| 11 |  | consent of the Will County Board, one shall be a resident of  | 
| 12 |  | the City of Joliet, one a resident of the City of Wilmington,  | 
| 13 |  | one a resident of the Village of Elwood, one a resident of the  | 
| 14 |  | Village of Manhattan, one a resident of the Village of  | 
| 15 |  | Symerton, and one an at-large resident of Will County. Each  | 
| 16 |  | city council or village board shall recommend 3 individuals  | 
| 17 |  | who are residents of the city or village to the Will County  | 
| 18 |  | Executive to be members of the Board of Directors. The Will  | 
| 19 |  | County Executive shall choose one of the recommended  | 
| 20 |  | individuals from each city and village and shall submit those  | 
| 21 |  | names to the Will County Board for approval. All persons  | 
| 22 |  | appointed as members of the Board shall have recognized  | 
| 23 |  | ability and experience in one or more of the following areas:  | 
| 24 |  | economic development, finance, banking, industrial  | 
| 25 |  | development, small business management, real estate  | 
| 26 |  | development, community development, venture finance, organized  | 
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| 1 |  | labor, units of local government, or civic, community, or  | 
| 2 |  | neighborhood organization. | 
| 3 |  |     (d) (Blank). Within 30 days after the effective date of  | 
| 4 |  | this amendatory Act of the 96th General Assembly, the Will  | 
| 5 |  | County Executive, with the advice and consent of the Will  | 
| 6 |  | County Board, shall appoint the additional member of the Board  | 
| 7 |  | for an initial term expiring on the third Monday in January,  | 
| 8 |  | 2013. The member must be an at-large resident of Will County.  | 
| 9 |  | The Board members holding office on the effective date of this  | 
| 10 |  | amendatory Act of the 96th General Assembly shall continue to  | 
| 11 |  | hold office for the remainder of their respective terms. All  | 
| 12 |  | successors shall be appointed by the original appointing  | 
| 13 |  | authority and hold office for a term of 4 years commencing the  | 
| 14 |  | third Monday in January of the year in which their term  | 
| 15 |  | commences, except in case of an appointment to fill a vacancy.  | 
| 16 |  | Vacancies shall be filled for the remainder of the term. In  | 
| 17 |  | case of vacancy in a Governor-appointed membership when the  | 
| 18 |  | Senate is not in session, the Governor may make a temporary  | 
| 19 |  | appointment until the next meeting of the Senate when a person  | 
| 20 |  | shall be nominated to fill that office, and any person so  | 
| 21 |  | nominated who is confirmed by the Senate shall hold office  | 
| 22 |  | during the remainder of the term. Each member appointed to the  | 
| 23 |  | Board shall serve until his or her successor is appointed and  | 
| 24 |  | qualified. | 
| 25 |  |     (d-10) Within 30 days after the effective date of this  | 
| 26 |  | amendatory Act of the 104th General Assembly, the mayors  | 
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| 1 |  | Romeoville, Lockport, Crest Hill, Rockdale, and Channahon  | 
| 2 |  | shall each appoint one additional member of the Board for an  | 
| 3 |  | initial term expiring on the third Monday in January of the  | 
| 4 |  | year in which their term commences. The Board members holding  | 
| 5 |  | office on the effective date of this amendatory Act of the  | 
| 6 |  | 104th General Assembly shall continue to hold office for the  | 
| 7 |  | remainder of their respective terms, and any vacancy in their  | 
| 8 |  | terms shall be filled by the original appointing authority.  | 
| 9 |  | Upon the expiration of the term of the Board member holding  | 
| 10 |  | office on the effective date of this amendatory Act of the  | 
| 11 |  | 104th General Assembly who was appointed by the Will County  | 
| 12 |  | Executive and is a resident of the City of Joliet, the mayor of  | 
| 13 |  | Joliet shall appoint that member's successor. Upon the  | 
| 14 |  | expiration of the term of the Board member holding office on  | 
| 15 |  | the effective date of this amendatory Act of the 104th General  | 
| 16 |  | Assembly who was appointed by the Will County Executive and is  | 
| 17 |  | a resident of the City of Wilmington, the mayor of Wilmington  | 
| 18 |  | shall appoint that member's successor. Upon the expiration of  | 
| 19 |  | the term of the Board member holding office on the effective  | 
| 20 |  | date of this amendatory Act of the 104th General Assembly who  | 
| 21 |  | was appointed by the Will County Executive and is a resident of  | 
| 22 |  | the Village of Elwood, the mayor of Elwood shall appoint that  | 
| 23 |  | member's successor. Upon the expiration of the term of the  | 
| 24 |  | Board member holding office on the effective date of this  | 
| 25 |  | amendatory Act of the 104th General Assembly who was appointed  | 
| 26 |  | by the Will County Executive and is a resident of the Village  | 
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| 1 |  | of Manhattan, the mayor of Manhattan shall appoint that  | 
| 2 |  | member's successor. Upon the expiration of the term of the  | 
| 3 |  | Board member holding office on the effective date of this  | 
| 4 |  | amendatory Act of the 104th General Assembly who was appointed  | 
| 5 |  | by the Will County Executive and is a resident of the Village  | 
| 6 |  | of Symerton, the mayor of Symerton shall appoint that member's  | 
| 7 |  | successor.     | 
| 8 |  |     (e) The Chairperson of the Board shall be elected by the  | 
| 9 |  | Board annually from among the members who are appointed by the  | 
| 10 |  | Will County Executive from among the members of the Board. | 
| 11 |  |     (f) The Governor may remove any member of the Board in case  | 
| 12 |  | of incompetency, neglect of duty, or malfeasance in office. | 
| 13 |  |     (g) Members of the Board shall serve without compensation  | 
| 14 |  | for their services as members but may be reimbursed for all  | 
| 15 |  | necessary expenses incurred in connection with the performance  | 
| 16 |  | of their duties as members. | 
| 17 |  |     (h) The Board may appoint an Executive Director who shall  | 
| 18 |  | have a background in finance, including familiarity with the  | 
| 19 |  | legal and procedural requirements of issuing bonds, real  | 
| 20 |  | estate or economic development, and administration. The  | 
| 21 |  | Executive Director shall hold office at the discretion of the  | 
| 22 |  | Board. The Executive Director shall be the chief  | 
| 23 |  | administrative and operational officer of the Authority, shall  | 
| 24 |  | direct and supervise its administrative affairs and general  | 
| 25 |  | management, shall perform such other duties as may be  | 
| 26 |  | prescribed from time to time by the Board, and shall receive  | 
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| 1 |  | compensation fixed by the Board. The Executive Director shall  | 
| 2 |  | attend all meetings of the Board; however, no action of the  | 
| 3 |  | Board or the Authority shall be invalid on account of the  | 
| 4 |  | absence of the Executive Director from a meeting. The Board  | 
| 5 |  | may engage the services of such other agents and employees,  | 
| 6 |  | including attorneys, appraisers, engineers, accountants,  | 
| 7 |  | credit analysts and other consultants, and may prescribe their  | 
| 8 |  | duties and fix their compensation. | 
| 9 |  |     (i) The Board shall meet on the call of its Chairperson or  | 
| 10 |  | upon written notice of 8 6 members of the Board. | 
| 11 |  | (Source: P.A. 96-1122, eff. 7-20-10.) | 
| 12 |  |     (70 ILCS 508/20) | 
| 13 |  |     Sec. 20. Actions of the Authority. All official acts of  | 
| 14 |  | the Authority shall require the affirmative vote of a simple  | 
| 15 |  | majority at least 6 members of the Board members at a meeting  | 
| 16 |  | of the Board at which the members casting those affirmative  | 
| 17 |  | votes are present. It is the duty of the Authority to promote  | 
| 18 |  | development within its territorial jurisdiction. The Authority  | 
| 19 |  | shall use the powers conferred on it by this Act to assist in  | 
| 20 |  | the development, construction, and acquisition of industrial  | 
| 21 |  | or commercial projects within its territorial jurisdiction. | 
| 22 |  |     Eight 6 members shall constitute a quorum, and the Board  | 
| 23 |  | may not meet or take any action without a quorum present.  | 
| 24 |  | (Source: P.A. 103-517, eff. 8-11-23.) | 
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| 1 |  |     (70 ILCS 508/55) | 
| 2 |  |     Sec. 55. Abolition of Authority. The Authority shall be  | 
| 3 |  | abolished upon the last to occur of the following: (1)  | 
| 4 |  | expiration of the 35-year 30-year period that begins on the  | 
| 5 |  | effective date of this Act; or (2) one year after all revenue  | 
| 6 |  | bonds, notes, and other evidences of indebtedness of the  | 
| 7 |  | Authority have been fully paid and discharged or otherwise  | 
| 8 |  | provided for. Upon the abolition of the Authority, all of its  | 
| 9 |  | rights and property shall pass to and be vested in Will County     | 
| 10 |  | the State. | 
| 11 |  | (Source: P.A. 102-699, eff. 4-19-22.)". |