OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL MAYOR
March 5, 2014
TO THE HONORABLE, THE CITY COUNCIL OF THE CITY OF CHICAGO
Ladies and Gentlemen:
At the request of the Commissioner of Planning and Development, I transmit herewith ordinance conferring acquisition authority in the River South TIF Area.
Your favorable consideration of this ordinance will be appreciated.
Mayor
Very truly yours,
ORDINANCE
WHEREAS, the City of Chicago ("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, pursuant to an ordinance adopted by the City Council of the City of Chicago ("City Council") on July 30, 1997, and published at pages 49089 and 49091-49193 of the Journal of the Proceedings of the City Council ("Journal") of such date, a certain redevelopment plan and project (as amended, the "Plan") for the River South Redevelopment Project Area (the "Area") was approved pursuant to the Illinois Tax Increment Allocation Redevelopment Act, as amended, 65 ILCS 5/11-74.4-1 et seq. (the "Act"); and
WHEREAS, pursuant to an ordinance adopted by the City Council on July 30, 1997, and published at pages 49194—49199 of the Journal of such date, one portion of the Area was designated as a "conservation area" redevelopment project area pursuant to the Act (specifically the Northern Built-Up Area as defined in the Plan), another portion of the Area was designated as an improved "blighted area" redevelopment project area pursuant to the Act (specifically the Southern Built-Up Area as defined in the Plan), and a third portion of the Area was designated as a vacant "blighted area" redevelopment project area pursuant to the Act (specifically the Vacated Railyards Area as defined in the Plan); and
WHEREAS, pursuant to an ordinance adopted by the City Council on July 30, 1997, and published at pages ...
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