OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
March 13,2019
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 an acquisition of property located at 3737 West Cortland.
Your favorable consideration of this ordinance will be appreciated.
Mayor
Very truly yours,
ORDINANCE
WHEREAS, The City of Chicago (the "City") is a home rule unit of government pursuant to Article VII, Section 6(a)ofthe 1970 State of Illinois Constitution and may exercise any power related to its local governmental affairs; and
WHEREAS, Pursuant to ordinances adopted on June 9,1999, the City Council of the City (the "City Council"): (i) approved a certain redevelopment plan and project, (as amended, pursuant to ordinances adopted by the City Council on October 3, 2012 and July 30, 2014, the "Redevelopment Plan") for the Pulaski Corridor Tax Increment Financing Redevelopment Project Area (as amended, the "Redevelopment Area"); and pursuant to the Illinois Tax Increment Allocation Redevelopment Act, as amended (65 ILCS 5/11-74.4-1 et seq.) (the "Act''), the City Council (ii) designated the Redevelopment Area as a redevelopment project area; and (iii) adopted tax increment financing pursuant to the Act as a means of financing certain Redevelopment Area project costs incurred pursuant to the Redevelopment Plan; and
WHEREAS, The City is authorized under its home rule powers to regulate the use and development of land; and
WHEREAS, The Trust for Public Land ("TPL") is a national, nonprofit, land conservation organization dedicated to, among other things, conserving land for parks; and
. WHEREAS, TPL is the owner of real property consisting of approximately 4.42 acres, commonly referred to as 3737 West Cortland Street, Chicago, Illinois 60647, which is legally described on Exhibit A attached hereto (the "Property"); and
WHEREAS, The City has...
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