Articles From Herbert J. Klein

Tax Increment Financing Concepts for the Future By Herbert J. Klein Local Government Law, March 2022 An overview of the numerous ways in which the Illinois Tax Increment Allocation Redevelopment Act authorizes cities, towns, and villages in Illinois to work with other taxing bodies and developers to use tax increment financing to stimulate local economic activity for the benefit of the entire community.
Prevailing Wage and the TIF Act By Nicolas P. Nelson & Herbert J. Klein Local Government Law, March 2016 This article examines the legislative history, case-law, and statutory support for the Illinois Department of Labor’s current position that the Prevailing Wage Act is not applicable to private projects receiving TIF benefits under a TIF District redevelopment agreement.
Negotiating tax increment financing redevelopment agreements By Herbert J. Klein Local Government Law, April 2011 As redevelopment agreements typically exist for a number of years, care should be taken to address all known and reasonably anticipated issues in a clear and unambiguous manner. Here's a look at some of the items the agreement should address.
Employment agreements By Herbert J. Klein Business Advice and Financial Planning, March 2009 Key points to consider in advising a client considering an employment agreement.
Commercial real estate contract preparation checklist By Herbert J. Klein Business Advice and Financial Planning, October 2004 Following is a checklist in preparing or reviewing a commercial real estate contract:
Structuring an LLC operating agreement By Herbert J. Klein Business Advice and Financial Planning, November 2002 Limited liability companies (LLC) have become a popular choice for entity selection.
Developments under the Real Property Disclosure Act By Herbert J. Klein Business Advice and Financial Planning, June 2001 The Residential Real Property Disclosure Act (RRPDA) was first enacted on October 1, 1994. Since that date it has been amended by the legislature and interpreted by several courts.
Useful law summaries By Herbert J. Klein Business Advice and Financial Planning, September 1999 The Illinois Legislature enacted Public Act 90-737, the Illinois Governmental Ethics and Gift Ban Act.

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