Department of Law city of chicago
January 17, 2014
Ms. Susana Mendoza City Clerk
121 North LaSalle Street Chicago, IL 60602
RE: Revised Foster and California Tax Increment Financing Redevelopment Area Project and Plan
Dear Ms. Mendoza:
I enclose a Revised Proposed Foster and California Tax Increment Financing Redevelopment Area Project and Plan (the "Revised Plan") for the Foster and California Redevelopment Project Area, Chicago, Illinois dated November 19, 2013, Revised January 17, 2014.
Please make the Revised Plan available in your office as of this date for public inspection. If you have any questions with respect to this matter, please call me at 312-744-6976.
Sincerely,
Chief Assistant Corporation Counsel
Enclosure
cc: Beth McGuire (DPD)
121 NORTH LASALLE STREET, ROOM 600, CHICAGO, ILLINOIS 60602
FOSTER AND CALIFORNIA TAX INCREMENT FINANCING REDEVELOPMENT AREA PROJECT AND PLAN
City of Chicago, Illinois
November 29, 2013 Revised January 17, 2014
City of Chicago Rahm Emanuel, Mayor
Department of Planning and Development Andrew J. Mooney, Commissioner
Prepared by:
Johnson Research Group Inc. 343 South Dearborn Street, Suite 404 Chicago, Illinois 60604
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TABLE OF CONTENTS
INTRODUCTION|910|
Foster and California Tax Increment Financing Redevelopment Project Area|910|Tax Increment Financing .|910|C The Redevelopment Plan for the Foster and California Tax Increment Financing
Redevelopment Project Area|910|LEGAL DESCRIPTION AND PROJECT BOUNDARY |910|ELIGIBILITY CONDITIONS 10
Summary of Project Area Eligibility 10
Surveys and Analyses Conducted 10
REDEVELOPMENT GOALS AND OBJECTIVES 12
General Goals 12
Redevelopment Objectives 12
REDEVELOPMENT PROJECT 14
Land Use Plan 14
Redevelopment Goals and Objectives 14
C Redevelopment Improvements and Activities 16
Redevelopment Project Costs 18
Sources of Funds to Pay Redevelopment Project Costs.. 23
Issuance of Obligations 23
Valuation of the Project Area 24
L...
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