Office of the City Clerk - Record #: SO2013-8042

• Record #: SO2013-8042
• Type: Ordinance
• Status: Passed
• Intro date: 10/16/2013
• Current Controlling Legislative Body: Committee on Finance
• Final action: 11/13/2013
• Title: Approval of Amendment No. 2 to 105th and Vincennes Tax Increment Financing (TIF) Redevelopment Project and Plan
• Sponsors: Emanuel, Rahm
• Topic: TAX INCREMENT FINANCING DISTRICTS - 105th/Vincennes T.I.F. - Amendment

Date	Journal Page Number	Action By	Action	Result
11/18/2013		City Council	Signed by Mayor
11/13/2013	63298	City Council	Passed as Substitute	Pass
11/12/2013		Committee on Finance	Recommended to Pass	Pass
10/16/2013	60653	City Council	Referred

CHICAGO November 13, 2013 To the President and Members of the City Council: Your Committee on Finance having had under consideration
A substitute ordinance approving Amendment #2 to the 105th & Vincennes Tax Increment Financing Redevelopment Plan and Project.
02013-8042
















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

This recommendation was concurred in by (awiva voce vote
of members of the committee with dissenting vote(s




Respectfully submitted



Chairman

Document No.




REPORT OF THE COMMITTEE ON FINANCE TO THE CITY COUNCIL CITY OF CHICAGO
S:\SHARED\Finance\Nyberg\105th & Vincennes\105th & Vincennes TIF Amendment No. 2 Substitute Ordinance 1 l-5-20T3.wpd




AN ORDINANCE OF THE CITY OF CHICAGO, ILLINOIS APPROVING AMENDMENT NO. 2 TO THE 105TH & VINCENNES TAX INCREMENT FINANCING REDEVELOPMENT PROJECT AND PLAN


SUBSTITUTE ORDINANCE

WHEREAS, under ordinances adopted on October 3, 2001 and published in the Journal of the Proceedings of the City Council of the City of Chicago for such date (the "Journal of Proceedings") at pages 67581 - 67675, and under the provisions ofthe Tax .Increment Allocation Redevelopment Act, 65 ILCS 5/11-74.4.1 et seg., as amended (the "Act"), the City Council (the "City Council") ofthe City of Chicago (the "City") (with the City Council and the Mayor of the City being defined in this ordinance as the: "Corporate Authorities"): (i) approved a redevelopment plan and project (the "Original Redevelopment Plan") dated May 12,1997 and revised September 20, 2001 for a portion of the City known as the "105th & Vincennes Tax Increment Financing Redevelopment Project Area" (the "Redevelopment Project Area") (such ordinance being defined in this ordinance as the "Plan Ordinance"), and (such area as described in the Plan Ordinance being defined in this ordinance as the "Area"); (ii) designat...