Office of the City Clerk - Record #: O2014-1749

• Record #: O2014-1749
• Type: Ordinance
• Status: Passed
• Intro date: 3/5/2014
• Current Controlling Legislative Body: Committee on Finance
• Final action: 4/2/2014
• Title: Agreement with Chicago Neighborhood Initiatives, Inc. for use of Tax Increment Financing (TIF) for site preparation and maintenance of property in Englewood Mall Redevelopment Project Area
• Sponsors: Emanuel, Rahm, Thompson, JoAnn
• Topic: AGREEMENTS - Redevelopment

Date	Journal Page Number	Action By	Action	Result
4/7/2014		City Council	Signed by Mayor
4/2/2014	76654	City Council	Passed	Pass
3/31/2014		Committee on Finance	Recommended to Pass	Pass
3/5/2014	75217	City Council	Referred

CHICAGO April 2,2014
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 Planning and Development and the Commissioner of the Department of Fleet and Facility Management to enter into and execute an agreement with Chicago Neighborhood Initiatives, Inc. for the development of property generally located at 6300 S. Halsted Street.

02014-1749




Having had the same under advisement, begs leave to report and recommend that your Honorable Body pass the proposed Ordinance Transmitted Herewith
of members of the committee with dissenting vote(s

This recommendation was concurred in by

(signed



Respectfully submitted


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
MAYOR
March 5, 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, together with Alderman Thompson, an ordinance authorizing the execution of a contract with Chicago Neighborhood Initiatives.

Your favorable consideration of this ordinance will be appreciated.

Mayor

Very truly yours,
*S \SHARED\Finance\Gaynor New\Housing & Econ Dev\Halsted Parkways\Ordinance\ord 3.doc

ORDINANCE

WHEREAS, the City of Chicago, Illinois (the "City"), is a home rule unit and municipality under Article VII of the Constitution of the State of lllinds; and
WHEREAS, Chicago Neighborhood Initiatives, Inc. ("CNI"), is an Illinois not-for-profit corporation ("CNI"); and

WHEREAS, the City is authorized under the provisions of the Tax Increment Allocation Redevelopment Act, 65 ILCS 5/11-74.4-1 et seg., as amended from time to time (the "Act"), to finance projects that eradicate blighted conditions and conservation area factors through the use of tax increme...