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Record #: O2013-8110   
Type: Ordinance Status: Passed
Intro date: 10/16/2013 Current Controlling Legislative Body: Committee on Finance
Final action: 11/13/2013
Title: Amendment No. 1 to 47th/Halsted Tax Increment Financing (TIF) Redevelopment Project and Plan
Sponsors: Emanuel, Rahm
Topic: TAX INCREMENT FINANCING DISTRICTS - 47th/Halsted T.I.F. - Amendment
Attachments: 1. O2013-8110.pdf

S:\SHARED\Finance\47"'and Halsted TIF Amendmentord 1.doc

 

ORDINANCE

 

WHEREAS, under ordinances adopted on May 29, 2002, and published in the Journal of Proceedings of the City Council of the City of Chicago (the "Journal") for such date at pages 85676 to 85904, and under the provisions of the Tax Increment Allocation Redevelopment Act, 65 ILCS 5/11-74.4.1 et seg., as amended (the "Act"), the City Council (the "Corporate Authorities") of the City of Chicago (the "City"): 0) approved a redevelopment plan and project (the "Plan") for a portion of the City known as the "47th and Halsted 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 referred to herein as the "TIF Ordinances"); and

 

WHEREAS, Public Act 92-263, which became effective on August 7,2001, amended the Act to provide that, under Section 11-74.4-5(c) of the Act, amendments to a redevelopment plan which do not (1) add additional parcels of property to the proposed redevelopment project area, (2) substantially affect the general land uses proposed in the redevelopment plan, (3) substantially change the nature of the redevelopment project, (4) increase the total estimated redevelopment project cost set out in the redevelopment plan by more than 5% after adjustment for inflation from the date the plan was adopted, (5) add additional redevelopment project costs to the itemized list of redevelopment project costs set out in the redevelopment plan, or (6) increase the number of inhabited residential units to be displaced from the redevelopment project area, as measured from the time of creation of the redevelopment project area, to a total of more than 10, may be made without further hearing, provided that notice is given as set forth in the Act as amended; and

 

WHEREAS, the Corporate Authorities now desire to amend the Plan to amend the map of the Generalized Land Use Plan to change the proposed land use for certain parcels, which such amendment shall not (1) add additional parcels of property to the proposed redevelopment project area, (2) substantially affect the general land uses proposed in the redevelopment plan, (3) substantially change the nature of the redevelopment project, (4) increase the total estimated redevelopment project cost set out in the redevelopment plan by more than 5% after adjustment for inflation from the date the plan was adopted, (5) add additional redevelopment project costs to the itemized list of redevelopment project costs set out inthe redevelopment plan, or (6) increase the number of inhabited residential units to be displaced from the redevelopment project area, as measured from the time of creation of the redevelopment project area; to a total of more than 10

 

NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:

 

SECTION 1. Recitals. The above recitals are incorporated herein and made a part hereof.

 

SECTION 2. Approval of Amendment Number 1 to the Plan. The amendment of the Plan to change the proposed land use for parcels located along the north and south sides of West Garfield Boulevard, generally between Normal and Stewart Avenues, from residential/institutional to industrial is hereby approved. Exhibit C to the Plan, "Generalized Land Use Plan" is hereby replaced in its entirety with Exhibit C, "Revised Generalized Land Use Plan," a copy of which is attached hereto as Exhibit 1. Except as amended hereby, the Plan shall remain in full force and effect.

 

 

1

 

 

SECTION 3. Invalidity of Any Section. If any provision of this ordinance shall be held to be invalid or unenforceable for any reason, the invalidity or unenforceability of such provision shall not affect any of the remaining provisions of this ordinance.

 

SECTION 4. Supersedes All ordinances (including, without limitation, the TIF Ordinances),
resolutions, motions or orders in conflict with this ordinance are hereby repealed to the extent of
such conflicts.
                     *;

 

SECTION 5. Effective Date. This ordinance shall be in full force and effect immediately upon its passage.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2

 

 

EXHIBIT 1 AMENDMENT NUMBER 1 See attached for Exhibit C, "Revised Generalized Land Use Plan"

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3

 

 

Revised August 15, 2013

 

Generalized Land Use Plan                     Exhibit C

47th and Halsted Redevelopment Area City of Chicago, Iflinois

 

 

47th Halsted TIF - Proposed Land Use Map Changes

 

PIN Number

Address

20-16-104-002-0000

545 W Garfield Blvd

20-16-104-003-0000

543 W Garfield Blvd

20-16-104-004-0000

541 W Garfield Blvd

20-16-104-005-0000

537 W Garfield Blvd

20-16-104-006-0000

535 W Garfield Blvd

20-16-104-007-0000

531 W Garfield Blvd

20-16-104-008-0000

525 W Garfield Blvd

20-16-104-009-0000

523 W Garfield Blvd

20-16-104-010-0000

519 W Garfield Blvd

20-16-104-011-0000

517 W Garfield Blvd

20-16-104-012-0000

511 W Garfield Blvd

20-16-104-013-0000

507 W Garfield Blvd

20-16-104-014-0000

507 W 55th St

20-16-104-015-0000

501 W Garfield Blvd

20-16-105-003-0000

445 W Garfield Blvd

20-16-105-004-0000

443 W Garfield Blvd

20-16-105-005-0000

441 W Garfield Blvd

20-16-105-006-0000

439 W Garfield Blvd

20-16-105-007-0000

435 W Garfield Blvd

20-16-105-008-0000

433 W Garfield Blvd

20-16-105-009-0000

431W Garfield Blvd

20-16-105-010-0000

427 W Garfield Blvd

20-16-105-011-0000

425 W Garfield Blvd

20-16-105-012-0000

423 W Garfield Blvd

20-16-105-013-0000

421 W Garfield Blvd

20-16-105-014-0000

419 W Garfield Blvd

20-16-105^015-0000

415 W Garfield Blvd

20-16-105-016-0000

413 W Garfield Blvd

20-16-105-017-0000

407 W Garfield Blvd

20-16-105-018-0000

409 W Garfield Blvd

20-16-105-019-0000

405 W Garfield Blvd

20-16-105-020-0000

403 W Garfield Blvd

20-16-105-023-0000

446 W 56th St

20-16-105-043-0000

400 W 56th St

20-16-105-044-0000

453 W Garfield Blvd

20-09-330-015-0000

540 W Garfield Blvd

20-09-330-016-0000

538 W Garfield Blvd

20-09-330-017-0000

536 W Garfield Blvd

20-09-330-018-0000

532 W Garfield Blvd

20-09-330-019-0000

530 W Garfield Blvd

20-09-330-020-0000

526 W Garfield Blvd

20-09-330-021-0000

524 W Garfield Blvd

20-09-330-022-0000

522 W Garfield Blvd

20-09-330-023-0000

520 W Garfield Blvd

20-09-330-024-0000

516 W Garfield Blvd

 

 

 

PIN Number

Address

20-09-330-025-0000

514 W Garfield Blvd

20-09-330-026-0000

512 W Garfield Blvd

20-09-330-027-0000

510 W Garfield Blvd

20-09-330-028-0000

506 W Garfield Blvd

20-09-330-033-0000

544 W Garfield Blvd

20-09-330-034-0000

502 W Garfield Blvd

 

 

OFFICE  OF  THE MAYOR

CITY OF CHICAGO

RAHM EMANUEL

MAYOR

October 16,2013

 

 

 

 

 

 

 

 

 

 

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 amending the land use map for the 47th / Halsted TIF Area.

 

Your favorable consideration of this ordinance will be appreciated.

Mayor

 

Very truly yours,

 

CHICAGO November 13.2013

To the President and Members of the City Council:

Your Committee on Finance having had under consideration

An ordinance, along with the amended cover letter, approving Amendment #1 to the 47,h/Halsted Tax Increment Financing Redevelopment Plan and Project.

02013-8110

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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                     (a (viva voce votej)

of members of the committee with                     dissenting vote(sJ^

 

 

 

 

Respectfully submitted

 

(signedfj^ ^W^-A.

 

Chairman

 

 

 

APPROVED C&SVORAJION COUNSEL

APPROVED

 

                     uJtsitJT^