Office of the City Clerk - Record #: SO2014-3246

• Record #: SO2014-3246
• Type: Ordinance
• Status: Passed
• Intro date: 4/2/2014
• Current Controlling Legislative Body: Committee on Finance
• Final action: 4/30/2014
• Title: Adoption of Tax Increment Allocation Financing (TIF) for 119th and Halsted 2014 Amended Redevelopment Project Area
• Sponsors: Emanuel, Rahm
• Topic: TAX INCREMENT FINANCING DISTRICTS - 119th/Halsted T.I.F. - Adoption

Date	Journal Page Number	Action By	Action	Result
5/19/2014	76563	City Council	Signed by Mayor
4/30/2014	79126	City Council	Passed as Substitute	Pass
4/28/2014		Committee on Finance	Recommended to Pass	Pass
4/2/2014		City Council	Referred

153


CHICAGO April 30. 2014 To the President and Members of the City Council: Your Committee on Finance having had under consideration


One (1) ordinance authorizing Amendment #2 for the 119th/Halsted Tax Increment Financing Redevelopment Project Area.

C. An ordinance adopting Tax Increment Allocation Financing for the
119th/Halsted Tax Increment Financing 2014 Amended Redevelopment Project Area.

02014-3246




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 (alviva voce vote")
of members of the committee with dissenting vote(s):

(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
April 2, 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 an ordinance amending the 119,h/Halsted Redevelopment Plan and Project.

Your favorable consideration of this ordinance will be appreciated.

Mayor



Very truly yours,

AN ORDINANCE OF THE CITY OF CHICAGO, ILLINOIS ADOPTING TAX INCREMENT ALLOCATION FINANCING FOR THE 119™ AND HALSTED TAX INCREMENT FINANCING 2014 AMENDED PROJECT AREA
WHEREAS, under ordinances adopted on February 6,2002, and published in the Journal of Proceedings of the City Council of the City of Chicago (the "Journal") for such date at pages 78512 to 78658, 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") of the City of Chicago (the "City"): (i) approved a redevelopment plan and project (the "Original Plan") for a portion of the City known as "119th and Halsted Redevelopment Project Area" (the "2002 Original Project Area") (the "Original Pl...