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Record #: O2013-1376   
Type: Ordinance Status: Passed
Intro date: 2/13/2013 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 4/10/2013
Title: Sale of City-owned properties and redevelopment agreement for expansion of existing 47th St intermodal railroad facility
Sponsors: Emanuel, Rahm
Topic: AGREEMENTS - Redevelopment, - PROPERTY - Sale
Attachments: 1. O2013-1376.pdf
OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR

February 13, 2013







TO THE HONORABLE, THE CITY COUNCIL OF THE CITY OF CHICAGO

Ladies and Gentlemen:

At the request of the Commissioner of Housing and Economic Development, I transmit herewith ordinances authorizing the sale of City-owned property.

Your favorable consideration of these ordinances will be appreciated.

Mayor

Very truly yours,
ORDINANCE

WHEREAS, the City of Chicago (the "City") is a home rule unit of government by virtue of the provisions of the Constitution of the State of Illinois of 1970, and as such, may exercise any power and perform any function pertaining to its government and affairs; and

WHEREAS, pursuant to ordinances adopted by the City Council of the City (the "City Council") on June 27,2001, and published in the Journal of the Proceedings of the City Council (the "Journal") of such date, (i) a certain redevelopment plan and project (the "Englewood Redevelopment Plan") for the Englewood Neighborhood Tax Increment Financing Redevelopment Project Area (the "Englewood Redevelopment Area" 1 was approved pursuant to the Illinois Tax Increment Allocation Redevelopment Act, as amended (65 ILCS 5/11 -74.4-1 et seg) (the "Act"); (ii) the Englewood Redevelopment Area was designated as a redevelopment project area pursuant to the Act; and (iii) tax increment financing was adopted pursuant to the Act as a means of financing certain Englewood Redevelopment Area redevelopment project costs (as defined in the Act) incurred pursuant to the Englewood Redevelopment Plan; and

WHEREAS, pursuant to an ordinances adopted by the City Council on May 29,2002, and published in the Journal of such date, (i) a certain redevelopment plan and project (the "47lh/Halsted Redevelopment Plan") for the 47lh/Halsted Tax Increment Financing Redevelopment Project Area (the "47lh/Halsted Redevelopment Area"), was approved pursuant to the Act; (ii) the 47th/Halsted Redevelopment Area was designated as a redevel...

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