Office of the City Clerk - Record #: O2019-1400

• Record #: O2019-1400
• Type: Ordinance
• Status: Passed
• Intro date: 3/13/2019
• Current Controlling Legislative Body: Committee on Finance
• Final action: 4/10/2019
• Title: Intergovernmental agreement with Chicago Park District to acquire 1500-1530 N Larrabee St from Chicago Housing Authority for development of a public park and reconstruction of Near North Park
• Sponsors: Emanuel, Rahm
• Topic: AGREEMENTS - Intergovernmental

Date	Journal Page Number	Action By	Action	Result
4/12/2019		Office of the Mayor	Signed by Mayor
4/10/2019	98051	City Council	Passed	Pass
4/8/2019		Committee on Finance	Recommended to Pass
3/13/2019	95482	City Council	Referred

ORDINANCE
1 WHEREAS, the City of Chicago (the "City"), is a home rule unit of government under Article VII, Section 6(a) of the 1970 Constitution of the- State of Illinois, and as such may exercise any power and perform any function pertaining to its government and affairs; and
WHEREAS, the Chicago Park District (the "Park District"), is an Illinois municipal corporation and a unit of local government under Article VII, Section -1 of the 1970 Constitution of the State of Illinois, and as such is authorized to exercise control over and supervise the operation of all parks within the corporate limits of the City; and
WHEREAS, the Board of Commissioners of the Park District has authorized the acquisition of a parcel of real estate generally located at 1500 - 1530 North Larrabee Street, Chicago, Illinois and legally described in Exhibit A (the "Property") from the Chicago Housing Authority, an Illinois municipal corporation ("CHA"), pursuant to an ordinance adopted on May 9, 2018; and CHA has approved the transfer of the Property to the Park District by Resolution Number 2017-CHA-25 adopted by the Board of Commissioners of the CHA on February 21, 2017; and
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WHEREAS the Park District intends to.joperate a public park on the Property and has
undertaken to reconstruct the Near North Park to include an open lawn area,, playground, plaza,
dog park, and walking paths, and to make additional park improvements which will include
lighting, trees, grass, and park benches on the Property (the "Project"); and

WHEREAS, the Property lies wholly within the boundaries of the Near North Redevelopment Area (as hereinafter defined); and
WHEREAS, the City is authorized under the provisions of the Tax Increment Allocation Redevelopment Act, 65 ILCS 5/11-74.4-1 et seq., as amended from time to time (the "Act"), to finance projects that eradicate blight conditions and conservation factors that could lead to blight through the use of tax increment allocation financing for redevelopment...