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Record #: O2013-5994   
Type: Ordinance Status: Passed
Intro date: 7/24/2013 Current Controlling Legislative Body:
Final action: 9/11/2013
Title: Amendment No. 1 to North Pullman Tax Increment Financing (TIF) Redevelopment Plan and Project
Sponsors: Emanuel, Rahm
Topic: TAX INCREMENT FINANCING DISTRICTS - North Pullman T.I.F.
Attachments: 1. O2013-5994.pdf
CHICAGO September 11. 2013

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 approve Amendment #1 to the North Pullman Tax Increment Financing Redevelopment Plan and Project.
02013-5994










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

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

(signed)^




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







July 24, 2013








TO THE HONORABLE, THE CITY COUNCIL OF THE CITY OF CHICAGO


Ladies and Gentlemen:

At the request ofthe Commissioner of Housing and Economic Development, I transmit herewith an ordinance amending the permissible uses for the North Pullman TIF District.

Your favorable consideration of this ordinance will be appreciated.

Mayor

Very truly yours,

S:\SHARED\Finance\North Pullman TIF^Amendment No.1\ord 2.doc
ORDI NANCE

WHEREAS, under ordinances adopted on June 30, 2009, and published in the Journal of Proceedings ofthe City Council ofthe City of Chicago (the "Journal") for such date at pages 65068 to 65180, and under the provisions of the Tax Increment Allocation Redevelopment Act, 65 ILCS 5/11-74.4.1 etseg, as amended (the "Act"), the City Council (the "Corporate Authorities") of the City of Chicago (the "City"): (i) approved a redevelopment plan and project (the "Plan") for a portion of the City known as the "North Pullman Redevelopment Project Area" (the "Area"); (ii) designated the Area as a "redevelopment project area" within the requirements of the Act; and (iii) adopted tax increment financing for the Area (the foregoing three ordinances are collectively referr...

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