Office of the City Clerk - Record #: SO2014-3247

• Record #: SO2014-3247
• Type: Ordinance
• Status: Passed
• Intro date: 4/2/2014
• Current Controlling Legislative Body: Committee on Finance
• Final action: 4/30/2014
• Title: Designation of 119th and Halsted 2014 Amended Redevelopment Project Area as Tax Increment Financing (TIF) district
• Sponsors: Emanuel, Rahm
• Topic: TAX INCREMENT FINANCING DISTRICTS - 119th/Halsted T.I.F. - Designation

Date	Journal Page Number	Action By	Action	Result
5/19/2014	76562	City Council	Signed by Mayor
4/30/2014	79115	City Council	Passed as Substitute	Pass
4/28/2014		Committee on Finance	Recommended to Pass	Pass
4/2/2014		City Council	Referred

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.

B. An ordinance designating the 119,h/Halsted Tax Increment Financing 2014 Amended Redevelopment Project Area as a Redevelopment Project Area.


02014-3247




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 vote")
of members of the committee with dissenting vote(s)T-



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 119th/Halsted Redevelopment Plan and Project.

Your favorable consideration of this ordinance will be appreciated.



Very truly yours,


Mayor















Ay-". X

AN ORDINANCE OF THE CITY OF CHICAGO, ILLINOIS DESIGNATING THE 119TH AND HALSTED TAX INCREMENT FINANCING 2014 AMENDED PROJECT AREA A REDEVELOPMENT PROJECT AREA PURSUANT TO THE TAX INCREMENT ALLOCATION REDEVELOPMENT ACT
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 of the 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...