OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
September 10,2014
TO THE HONORABLE, THE CITY COUNCIL OF THE CITY OF CHICAGO
Ladies and Gentlemen:
At the request of the Commissioner of Planning and Development, I transmit herewith ordinance authorizing the execution of an intergovernmental agreement with the Board of Education to convey city-owned property for a play area for Frazier Magnet School.
Your favorable consideration of this ordinance will be appreciated.
Mayor
Very truly yours,
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ORDINANCE
WHEREAS, the City of Chicago (the "City") is a municipal corporation and 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 City has established the Community Development Commission ("CDC") to, among other things, designate redevelopment areas, approve redevelopment plans, and recommend the sale or lease of parcels located in redevelopment areas, subject to the approval of the City Council of the City ("City Council"); and
WHEREAS, pursuant to ordinances adopted by the City Council on May 17, 2000, and published at pages 30775 through 30925 in the Journal of the Proceedings of the City Council of the City of Chicago ("Journal") of such date, the City Council: (i) approved and adopted a redevelopment plan and project (as amended, the "Redevelopment Plan") for a portion of the City known as the Midwest Tax Increment Financing Redevelopment Project Area (as amended, the "Redevelopment Area"); (ii) designated the Redevelopment Area as a redevelopment project area; and (iii) adopted tax increment allocation financing for the Redevelopment Area, all in accordance with the Illinois Tax Increment Allocation Redevelopment Act, as amended (65 ILCS 5/11-74.4-1, et seq.); and
WHEREAS, pursuant to an ordinance adopted by the City Council on May 9, 2012, the City Council ap...
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