Office of the City Clerk - Record #: O2013-4848

• Record #: O2013-4848
• Type: Ordinance
• Status: Passed
• Intro date: 6/5/2013
• Current Controlling Legislative Body: Committee on Finance
• Final action: 6/26/2013
• Title: Intergovernmental agreement with Metropolitan Pier and Exposition Authority for provision of Tax Increment Financing (TIF) assistance for Cermak Road Streetscape Project
• Sponsors: Emanuel, Rahm
• Topic: AGREEMENTS - Intergovernmental

Date	Journal Page Number	Action By	Action	Result
6/26/2013	56064	City Council	Passed	Pass
6/24/2013		Committee on Finance	Recommended to Pass	Pass
6/5/2013	53831	City Council	Referred

CHICAGO June 26. 2013

To the President and Members of the City Council:

Your Committee on Finance having had under consideration


An ordinance authorizing the Commissioner of the Department of Housing and Economic Development to enter into and execute an Intergovernmental Agreement with the Metropolitan Pier and Exposition Authority for the streetscaping of the north side of Cermak Road from Prairie Avenue to Calumet Avenue.

02013-4848














Having had the same under advisement, begs leave to report and recommend that your Honorable Body pass the proposed Ordinance Transmitted Herewith

This recommendation was concurred in by
of members of the committee with

(signedH ¦




Respectfully submitted

Chairman

OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL MAYOR

June 5, 2013










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


Ladies and Gentlemen:

At the request ofthe Commissioner of Housing and Economic Development, I transmit herewith an ordinance authorizing the execution of an intergovernmental agreement with the Metropolitan Pier and Exposition Authority regarding TIF assistance.

Your favorable consideration of this ordinance will be appreciated.

Mayor

Very truly yours,
S:\SHARED\Finance\Gaynor New\Housing & Econ Dev\Cermak Streetscape IGA w MPEA\ord & iga 1.doc

ORDINANCE

WHEREAS, the City of Chicago (the "City") is a home rule unit of local government under the 1970 Constitution of the State of Illinois and has the authority to promote the health, safety and welfare of its inhabitants, to furnish essential governmental services through its various departments and agencies and to enter into contractual agreements with units of local government for the purpose of achieving the aforesaid objectives; and

WHEREAS, the Metropolitan Pier and Exposition Authority (the "Authority") is a political subdivision, unit of local government, body politic and municipal corporation existing under the laws o...