Office of the City Clerk - Record #: O2011-2615

• Record #: O2011-2615
• Type: Ordinance
• Status: Passed
• Intro date: 4/13/2011
• Current Controlling Legislative Body: Committee on Finance
• Final action: 5/4/2011
• Title: Amendment of redevelopment agreement with CJUF III Harper Court LLC for mixed-use project including parking, retail and office spaces, hotel, residential tower and multi-family building
• Sponsors: Daley, Richard M.
• Topic: AGREEMENTS - Redevelopment

Date	Journal Page Number	Action By	Action	Result
5/9/2011		Office of the Mayor	Signed by Mayor	Pass
5/4/2011	116874	City Council	Passed	Pass
5/2/2011		Committee on Finance	Recommended to Pass	Pass
4/13/2011	114364	City Council	Referred

OFFICE OF THE MAYOR
CITY OF CHICAGO
RICHARD M. DALEY
MAYOR
April 13,2011
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^rdinance^amendingjpreviously executed redevelopment agreement^ OA °- ]
Your favorable consideration of th^s^ordinances^will be appreciated.
ORPIN ANCE
WHEREAS, pursuant to an ordinance adopted by the City Council ("City Council") of the City of Chicago (the "City") on January 10, 2001, and published at pages 49799 through 49880 in the Journal of Proceedings of the City Council (the "Journal") of such date, a certain redevelopment plan and project (the "Redevelopment Plan") for the 53rd Street Redevelopment Project Area (the "Redevelopment 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 January 10, 2001, and published at pages 49882 through 49890 in the Journal of such date, the Redevelopment 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 January 10, 2001, and published at pages 49892 through 49900 in the Journal of such date, tax increment allocation financing was adopted pursuant to the Act as a means of financing certain redevelopment project costs (as-defined in the Act) in the Redevelopment Area incurred pursuant to the Redevelopment Plan; and
WHEREAS, by Resolution No. 08-CDC-70 adopted November 8, 2008, the Community Development Commission of the City (the "CDC") authorized the City Department of Housing and Economic Development ("HED") to publish notice pursuant to Section 5/11-74.4(c) of the Act and to issue a request for proposals (the "RFP") for the sale and redevelopment of certain City Property (as defined below) located in the Redev...