Office of the City Clerk - Record #: O2012-7241

• Record #: O2012-7241
• Type: Ordinance
• Status: Passed
• Intro date: 10/31/2012
• Current Controlling Legislative Body: Committee on Finance
• Final action: 11/15/2012
• Title: Redevelopment agreement with American National Red Cross for site rehabilitation to consolidate company operations
• Sponsors: Emanuel, Rahm
• Topic: AGREEMENTS - Redevelopment

Date	Journal Page Number	Action By	Action	Result
11/27/2012		Office of the Mayor	Signed by Mayor
11/15/2012	40495	City Council	Passed	Pass
11/14/2012		Committee on Finance	Recommended to Pass	Pass
10/31/2012	36138	City Council	Referred

RAHM EMANUEL MAYOR
OFFICE OF THE MAYOR
CITY OF CHICAGO




October 31, 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, 1 transmit herewith an ordinance authorizing the execution of a redevelopment agreement for the American National Red Cross.

Your favorable consideration of this ordinance will be appreciated.

Mayor

Very truly yours,
if' W

V
S:\SHARED\Finance\Gaynor New\Housing & Econ DevVAmerican National Red Cross\ord & rda 8.doc

ORDINANCE

WHEREAS, pursuant to an ordinance adopted by the City Council ("City Council") of the City of Chicago (the "City") on February 5, 1998 and published commencing at page 61204 of the Journal of the Proceedings of the City Council (the "Journal") of such date, a certain redevelopment plan and project (the "Plan") for the Western/Ogden 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 seq.) (the "Act"); and

WHEREAS, pursuant to an ordinance adopted by the City Council on February 5,1998 and published commencing at page 61390 of the Journal of such date, the Area was designated as a redevelopment project area pursuant to the Act; and

WHEREAS, pursuant to an ordinance (the "TIF Ordinance") adopted by the City Council on February 5, 1998 and published commencing at page 61401 of the Journal of such date, tax increment allocation financing was adopted pursuant to the Act as a means of financing certain Area redevelopment project costs (as defined in the Act) incurred pursuant to the Plan; and

WHEREAS, The American National Red Cross, a nonprofit corporation, a Federally chartered instrumentality of the United States, and a body corporate and politic under the laws of the United States (36 U.S.C. §§ 300101-300111 (2007)), acting by and through The American Red Cross of...