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Record #: O2013-1625   
Type: Ordinance Status: Passed
Intro date: 3/13/2013 Current Controlling Legislative Body: Committee on Finance
Final action: 5/8/2013
Title: Redevelopment agreement with Park Boulevard IIB LLC and associated intergovernmental agreement with Chicago Housing Authority for redevelopment of properties at 3633-3647 S State St, 3720 S Dearborn St, 16-22 W 37th St and 4-10 W 37th St
Sponsors: Emanuel, Rahm
Topic: AGREEMENTS - Intergovernmental, - AGREEMENTS - Redevelopment
Attachments: 1. O2013-1625.pdf
OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR

March 13,2013








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 the execution of a redevelopment agreement for Park Boulevard IIB, LLC and associated intergovernmental agreement with the Chicago Housing Authority.

Your favorable consideration of this ordinance will be appreciated.

Mayor

Very truly yours,





CHICAGO April 10,2013

To the President and Members of the City Council:

Your Committee on Finance having had under consideration


An ordinance authorizing the Commissioner of the Department of Housing and Economic Development to enter into and execute a Redevelopment Agreement and Loan Agreement with Park Boulevard IIB, LLC and to approve an Intergovernmental Agreement with the Chicago Housing Authority.
02013-1625











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

dissenting vote(s)7

This recommendation was concurred in by
of members of the committee with
Alderman Burke abstains from voting pursuant to Rule 14.



Respectfully submitted

Chairman

ORDINANC E

WHEREAS, the City of Chicago (the "City") is a home rule unit of government by virtue of the provisions of the Constitution of the State of Illinois of 1970, and as such, may exercise any power and perform any function pertaining to its government and affairs; and

WHEREAS, Stateway Community Partners, an Illinois not for profit corporation, or another affiliate ("Sponsor") of Park Boulevard IIB, LLC, an Illinois limited liability company ("Owner") and the Chicago Housing Authority, an Illinois municipal corporation under the Housing Authorities Act, 310 ILCS 10/1 et seg. (the "CHA") are entering into a 99 year lease for three parcels of property: 3720 South Dearborn Street ("Build...

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