F}/V.
OFFICE OF THE MAYOR
CITY OF CHICAGO
RICHAHD M. DALEY
MAYOR
March 9,2011
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 ordinances transferring TIF funds to the Chicago Park District for park purposes.
Your favorable consideration of these ordinances will be appreciated.
Very truly yours,
ORDINANCE
WHEREAS, the City of Chicago (the "City") is a municipal corporation and home rule unit of government under Article VII, Section 6(a) of the 1970 Constitution of the State of Illinois; and
WHEREAS, the Chicago Park District (the "Park District") is a body politic and corporate and a unit of local government under Article VII, Section 1 of the 1970 Constitution of the State of Illinois; and .'
WHEREAS, the Park District operates Taylor Lauridsen Park, an approximately 4.68-acre park located generally at 701 West Root Street, consisting of a parcel of land owned by the Park District, located east of the east line of South Union Avenue (as legally described in Exhibit A, the "Park District Property"); and a parcel of land owned by the City located west of the east line of South Union Avenue (as legally described in Exhibit A, the "Leased Property" and together with the Park District Property, the "Property"), leased to the Park District pursuant to that certain Ground Lease dated May 1, 2008; and
WHEREAS, the City, the Park District and the Public Building Commission of Chicago, an Illinois municipal corporation, have previously entered into an Intergovernmental Agreement (the "Park Expansion Agreement"), as authorized by ordinances adopted by the City Council of the City of Chicago (the "City Council") on April 9, 2008 and September 9, 2009, and published in the Journal of Proceedings for the respective dates at pages 24109 to 24221 and 69659 to 69666 for the development and construction of an expansion of Taylor Lauridsen Park; and
WHEREAS...
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