OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
October 3, 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, I transmit herewith an ordinance authorizing an amendment to the TIFWorks Program ordinance.
Your favorable consideration of this ordinance will be appreciated.
Mayor
Very truly yours.
/
ORDINANCE
WHEREAS, the City of Chicago ("City") is a home rule unit of government under Section 6(a), Article VII of the 1970 Constitution.of the State of Illinois and is authorized under the provisions of the Tax Increment Allocation Redevelopment Act, 65 ILCS 5/11-74.4-1 et seq., as amended from time to time (the "Act"), to finance projects and undertakings that help eradicate blighted conditions and conservation area factors through the use of tax increment allocation financing for workforce training projects; and
WHEREAS, pursuant to an ordinance ("Original Ordinance") adopted by the City Council of the City ("City Council") on July 31, 2002, and published at pages 91192 through 91211 of the Journal of Proceedings of the City Council for said date, the City authorized the establishment of a redevelopment program known as the TIFWorks program (the "Original Program") to provide tax increment financing assistance pursuant to the Act to reimburse certain of the eligible costs of training, retraining and upgrading the skills of the employees of qualified businesses located within certain Redevelopment Project Areas ("Original Areas") within the City; and
WHEREAS, the Original Program was administered by the City's Mayor's Office for Workforce Development, which office subsequently was merged into the City's Department of Housing and Economic Development ("HED"); and
WHEREAS, prior to the adoption date hereof, the City Council had adopted ordinances in accordance with the Act by which redevelopment project areas within the City other than the Ori...
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