Office of the City Clerk - Record #: O2012-4980

• Record #: O2012-4980
• Type: Ordinance
• Status: Passed
• Intro date: 7/25/2012
• Current Controlling Legislative Body: Committee on Finance
• Final action: 9/12/2012
• Title: Redevelopment agreement with Hillshire Brands
• Sponsors: Emanuel, Rahm
• Topic: AGREEMENTS - Redevelopment

Date	Journal Page Number	Action By	Action	Result
9/19/2012		Office of the Mayor	Signed by Mayor
9/12/2012	32316	City Council	Passed	Pass
9/10/2012		Committee on Finance	Recommended to Pass	Pass
7/25/2012	30770	City Council	Referred

CHICAGO September 12,2012

To the President and Members of the City Council:

Your Committee on Finance having had under consideration

A communication recommending a proposed ordinance concerning the authority to enter into and execute a Redevelopment Agreement with Hillshire Brands Company.
02012-4980





















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 (aCi^a voce vnt^
of members of the committee with dissenting vote(s).


Respectfully submitted|10
10|(signed)|1010|Chairman

Document No.




REPORT OF THE COMMITTEE ON FINANCE TO THE CITY COUNCIL CITY OF CHICAGO


OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
July 25, 2012










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 an ordinance authorizing the execution of a redevelopment agreement for Hillshire Brands.

Your favorable consideration of this ordinance will be appreciated.
Mayor

Very truly yours,

i

ORDINANCE

WHEREAS, pursuant to an ordinance adopted by the City Council ("City Council") of the City of Chicago (the "City") on November 12, 1998 and published at pages 81881 through 81974 of the Journal of the Proceedings of the City Council (the "Journal") of such date, and pursuant to an amending ordinance adopted by the City Council on June 19,2002 and published at pages 88202 through 88215 of the Journal of such date, a certain redevelopment plan and project (as amended, the "Plan") for the Canal/Congress Tax Increment Redevelopment Project Area (the "Area") was approved pursuant to the Illinois Tax Increment Allocation Redevelopment Act, as amended (65 ILCS 5/11-74.4-1 et seg.) (the "Act"); and

WHEREAS, pursuant to an ordinance adopted by the City Council on November 12, 1998 and published at pages 81974 through 81...