SUBSTITUTE ORDINANCE
WHEREAS, the City Council of the City of Chicago on November 24, 1986, passed an ordinance establishing Enterprise Zone 6, appearing in the Journal of Council Proceedings of the City of Chicago (the "Journal") on pages 37054 to 37056; and amended and appearing in the November 5, 1993 Journal on pages 39921 to 39924; and amended and appearing in the April 13, 1994 Journal on pages 48385 to 48390; and amended and appearing in the December 13, 1995 Journal on pages 13537 to 13542; and amended and appearing in the June 10, 1996 Journal on pages 22946 to 22951; and amended and appearing in the December 10, 1997 Journal on pages 58159 to 58165; and amended and appearing in the September 4, 2002 Journal on pages 92189 to 92193; and amended and appearing in the November 6, 2002 Journal on pages 95286 to 95294 (collectively, the "Designating Ordinance"); and
WHEREAS, the City of Chicago is permitted under the Illinois Enterprise Zone Act, 20 ILCS 655/1 et seq. ("Illinois Enterprise Zone Act") to amend or modify the boundaries of Enterprise Zones subject to the approval of the State of Illinois (the "State") through its Department of Commerce and Economic Opportunity ("DCEO"); and
WHEREAS, the City of Chicago has determined that the expansion of Enterprise Zone 6 will increase the development and rehabilitation of a depressed area of the City; and
WHEREAS, all required procedures have been followed in the modification of the boundaries of Enterprise Zone 6 as required under the Illinois Enterprise Zone Act and the Chicago Enterprise Zone Ordinance, Chapter 16-12 of the Municipal Code of Chicago (the "Chicago Enterprise Zone Ordinance"); now, therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO.
SECTION 1. That Section 1 of the Designating Ordinance is hereby amended by deleting the language bracketed and inserting the language in italics as follows:
"The following area, hereafter referred to as 'Zone 6' is hereby designated a Proposed Ente...
Click here for full text