SO2014-898
SUBSTITUTE ORDINANCE
<•-¦., Be It Ordained by the City Council of the City of Chicago:
SECTION 1. Chapter 17-4 of the Municipal Code of the City of Chicago is hereby amended by inserting the language underscored and deleting the language stricken, as follows:
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17-4-1002 Floor Area Ratio Bonus Menu. Floor area bonuses are subject to the standards of the following table and the specific standards of Sec. 17-4-1004 through Sec. 17-4-1023.
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Public Benefit/Amenity Eligibility Criteria and Bonus Formula Maximum Bonus Approval Authority
Transit Station Infrastructure Improvements § 17-4-1020 20% of base FAR Planned Development
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17-4-1004-B Eligibility Criteria.
Residential buildings in DR districts with a dash 5, 7 or 10 suffix are eligible to receive floor area bonuses for affordable housing, subject to the standards of Sec. 17-4-1004-E. The affordable housing and adopt a landmark floor area bonuses are the only bonuses available to such buildings.
Residential buildings in DX districts with a dash 5, or 7 suffix are eligible to receive floor area bonuses for affordable housing, subject to the standards of Sec. 17-4-1004-E. The affordable housing and adopt a landmark floor area bonuses are the only bonuses available to such buildings.
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(The remainder of this section is not affected by this ordinance. Text not affected by this ordinance is not shown here for editorial convenience.)
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SO2014-898
17-4-1020 Transit Station Infrastructure Improvements.
17-4-1020-A Planned Development Approval. Floor area bonuses for transit station infrastructure improvements may be approved only in accordance with the planned develo...
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