About

The Upper Illinois River Valley Development Authority (UIRVDA) was created by an act of the Illinois legislature and signed into law by Public Act 86-1024 on July 1, 1990.

 The bill was sponsored by Senator Jerry Joyce and Representative Richard A. Mautino. The Authority is a twenty-member body of which ten members are appointed by the Governor with consent of the Senate. The Director of the Department of Commerce and Community Affairs and the Director of the Department of Central Management Services both serve as ex officio members. Eight members are appointed, one each by the county board chairman of Bureau, Grundy, Kane, Kendall, LaSalle, Marshall, McHenry and Putnam.

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Jobs Created
5555

All throughout Illinois since 1994.

Amount of Investment
1.4 Billion

Clients typically save 3% on interest. 

Meet the Board of Directors

  • Kevin Considine​ - Lake County
  • Terrence Dee​ - Governor's Appointee
  • Michael Guilfoyle​ - LaSalle County
  • Melissa Hernandez​​ - Governor's Appointee
  • Agnes Masnik​ - DCEO Designee
  • Justin Meierkord - Marshall County
  • Ted Mesiacos - Kane County
  • Kevin Olson - Grundy County
  • Peter Olson - Governor’s Appointee
  • Michael Pittman - CMS Designee
  • Kurt Schneider - McHenry County
  • Estelle Walgreen - Governor’s Appointee
  • Reed Wilson - Putnam County
  • Theresa Wittnauer - Bureau County
  • Seth Wormly - Kendall County
Warren RibleyAssistant Executive Director
Warren Ribley

Powers of Authority

The Upper Illinois River Valley Development Authority (UIRVDA) was created by action of the Illinois General Assembly and the Governor. UIRVDA is a general development agency for the counties of Bureau, Grundy, Kane, Kendall, LaSalle, Marshall, McHenry and Putnam and is one of only ten regional development authorities within the State of Illinois. The Illinois Regional Authorities are CIEDA, EIEDA, QCREDA, UIRVDA, SIDA, SEEDA, SWIDA, TRVDA, WIEDA, WKRDA.

The Authority’s financial and supportive powers enable it, with the written approval of the Governor of the State of Illinois, to issue Double-Tax Exempt Bonds for:

  • Industrial Revenue Bonds for Manufacturing firms
  • Senior Housing Bonds or Supportive Living Bond for Housing
  • Not-for-Profit Bonds for YMCAs, Hospitals, etc.
  • Public Facility Bonds for Schools, Counties and Municipalities

for the purpose of developing, constructing, acquiring or improving properties or facilities for business entities locating in or expanding within the territorial jurisdiction of the Authority.

The Authority may also:

  • Acquire
  • Own
  • Lease or
  • Sell real property and improvements.

The Authority has certain powers granted to it as a municipality as authorized by selected sections of the Illinois Municipal Code including the power to enter into contracts and intergovernmental agreements with private bodies or units of government.

Regional Bond Authorities in Illinois

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