Office of the City Clerk - Record #: O2014-4750

• Record #: O2014-4750
• Type: Ordinance
• Status: Passed
• Intro date: 5/28/2014
• Current Controlling Legislative Body: Committee on Finance
• Final action: 6/25/2014
• Title: Intergovernmental agreement with Chicago Park District regarding Tax Increment Financing (TIF) assistance for rehabilitation and improvements to Welles Park
• Sponsors: Emanuel, Rahm
• Topic: AGREEMENTS - Intergovernmental

Date	Journal Page Number	Action By	Action	Result
7/10/2014		City Council	Signed by Mayor
6/25/2014	82987	City Council	Passed	Pass
6/24/2014		Committee on Finance	Recommended to Pass
5/28/2014	80850	City Council	Referred

CHICAGO June 25. 2014

To the President and Members of the City Council:

Your Committee on Finance having had under consideration

A communication recommending a proposed ordinance concerning the authority to enter into and execute an Intergovernmental Agreement with the Chicago Park District for the redevelopment of Welles Park.

02014-4750














Having had the same under advisement, begs leave to report and recommend that your Honorable Body pass the proposed Ordinance Transmitted Herewith

This recommendation was concurred in by
of members of the committee with



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
May 28, 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 an ordinance authorizing the execution of an intergovernmental agreement regarding TIF assistance for the Chicago Park District at Welles Park.

Your favorable consideration of this ordinance will be appreciated.



Very truly yours,

Mayor
ORDINANCE

WHEREAS, the City of Chicago (the "City"), is a home rule unit of government under Article VII, Section 6(a) ofthe 1970 Constitution ofthe State of Illinois, and as such may exercise any power and perform any function pertaining to its government and affairs; and

WHEREAS, the Chicago Park District (the "Park District"), is an Illinois municipal corporation and a unit of local government under Article VII, Section 1 ofthe 1970 Constitution, of the State of Illinois, and as such is authorized to exercise control over and supervise the operation of parks within the corporate limits ofthe City; and
WHEREAS, the Park District has undertaken to rehabilitate and improve a parcel of land known as Welles Park, which is generally located at 2333 West Sunnyside Avenue, Chicago, Illinois and legal...