OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
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 Original Areas were designated as Redevelopment Project Areas ("Additional Areas") and tax increment allocation financing was adopted as a means of financing certain redevelopment project costs incurred in the Additional Areas as permitted by the Act; and
WHEREAS, the Original Areas and the Additional Areas are collectively referred to herein as the "TIFWorks Areas;" and
WHEREAS, HED has determined that it is in the best interests of the City to expand the reach of the Original Program to address the training needs of small business entrepreneurs, and now desires to amend the Original Ordinance to authorize the provision of tax increment financing assistance pursuant to the Act to reimburse certain of the eligible costs of the owners of small businesses (i) whose businesses are located within TIFWorks Areas, and (ii) that are willing to commit to operate and grow their businesses for several years within their respective TIFWorks Areas (the "Revised Program"); and
WHEREAS, HED now desires that the Revised Program provide tax increment financing assistance pursuant to the Act to reimburse certain of the eligible costs of (i) entrepreneurial skills training including, but not limited to, business management, human resources administration, benefits management, bookkeeping, and compensation systems; (ii) marketing guidance; (iii) storefront rehabilitation; and (iv) overhead costs (the "Material Terms") for qualified entrepreneurial business applicants; and
U:\Business Programs\HED - TIFWorks General (see Bonds folder for ord)\2012 amend\Amending ordinance 1 .wpd
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WHEREAS, HED desires that the Revised Program and the Original Program proceed collectively as the "TIFWorks Program;" and
WHEREAS, those certain TIFWorks Areas in which the TIFWorks Program may be implemented shall be set forth by HED in its sole discretion from time to time; and
WHEREAS, the costs incurred by HED in connection with implementing the TIFWorks Program in the TIFWorks Areas are proper redevelopment project costs under the Act; now, therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:
SECTION 1. The above recitals are incorporated herein and made a part hereof.
SECTION 2. The TIFWorks Program is hereby authorized for implementation by HED within any one or more of the TIFWorks Areas.
SECTION 3. The Commissioner of HED or his or her designee within HED (the "Authorized Officer") is hereby authorized to implement the TIFWorks Program within any one or more of the TIFWorks Areas and to reconfigure any aspects of the scope, operation and application procedures of the TIFWorks Program (as set forth in Exhibit A to the Original Ordinance) that do not exceed the Material Terms as described herein. The Authorized Officer is hereby authorized, subject to approval by the Corporation Counsel, to negotiate, execute and deliver grants, loans or other forms of financing assistance to small business entrepreneurs, employers and others, and to perform any and all acts as shall be necessary or advisable, in furtherance of the TIFWorks Program.
SECTION 4. To the extent that any ordinance, resolution, rule, order or provision of the Municipal Code of Chicago, or part thereof, is in conflict with the provisions of this ordinance, the provisions of this ordinance shall be controlling. If any section, paragraph, clause or provision of this ordinance shall be held invalid, the invalidity of such section, paragraph, clause or provision shall not affect any of the other provisions of this ordinance.
SECTION 5. This ordinance shall be effective as of the date of its passage and approval.
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