Illinois § 115-90

§ 115-90.

Lease of lands. The board may lease land for a period not longer than 50 years from the date of the lease to a responsible person, firm, or corporation for construction, reconstruction, alteration, renewal, equipment, furnishing, extension, development, operation and maintenance of lodges, housekeeping and sleeping cabins, swimming pools, golf courses, campgrounds, sand beaches, marinas, convention and entertainment centers, roads and parking areas, and other related buildings and facilities. In any lease of land leased under this Section, upon expiration of the lease title to all structures on the leased land shall be vested in the township. (Source: P.A. 88-670, eff. 12-2-94.) (Text of Section after amendment by P.A. 104-48) Sec. 115-90. Lease of lands. (a) Before the effective date of this amendatory Act of the 104th General Assembly, the board may lease land for a period not longer than 50 years from the date of the lease to a responsible person, firm, or corporation for construction, reconstruction, alteration, renewal, equipment, furnishing, extension, development, operation and maintenance of lodges, housekeeping and sleeping cabins, swimming pools, golf courses, campgrounds, sand beaches, marinas, convention and entertainment centers, roads and parking areas, and other related buildings and facilities. In any lease of land leased under this subsection, upon expiration of the lease title to all structures on the leased land shall be vested in the township. (b) On and after the effective date of this amendatory Act of the 104th General Assembly, the board may lease open space that is a part of the township's open space program for a period not longer than 25 years from the date of the lease to an individual, a nonprofit organization, the federal government, a state government, or a local government for construction, reconstruction, alteration, renewal, equipment, furnishing, extension, development, operation, housekeeping, and maintenance of lodges, sleeping cabins, swimming pools, golf courses, campgrounds, sand beaches, marinas, agricultural properties, roads and parking areas, and other related buildings and facilities consistent with open space purposes. Upon expiration of a lease of land under this subsection, title to all structures on the leased land shall be vested in the township. Nothing in this subsection prohibits open space that is a part of the township's open space program from being used in accordance with this Article for agricultural purposes. The changes made to this Section by this amendatory Act of the 104th General Assembly do not affect any lease entered into on or before the effective date of this amendatory Act of the 104th General Assembly. (Source: P.A. 104-48, eff. 1-1-26.)