Record #: O2014-4090   
Type: Ordinance Status: Passed
Intro date: 4/30/2014 Current Controlling Legislative Body: Committee on Finance
Final action: 5/28/2014
Title: Intergovernmental agreement with Chicago Park District for provision of Tax Increment Financing (TIF) assistance for renovation of Kilbourn Park
Sponsors: Emanuel, Rahm
Topic: AGREEMENTS - Intergovernmental
Attachments: 1. O2014-4090.pdf
CHICAGO May 28, 2014

To the President and Members of the City Council:

Your Committee on Finance having had under consideration

An ordinance authorizing the Commissioner of the Department of Planning and Development to enter into and execute an Intergovernmental Agreement with the Chicago Park District for the redevelopment of Kilbourn Park.

02014-4090




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
of members of the committee with





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,
April 30, 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 authorizing the execution of an intergovernmental agreement with the Chicago Park District regarding TIF assistance for Kilbourn Park.

Your favorable consideration of this ordinance will be appreciated.

Mayor



Very truly yours,
VW313A1I3 3H1 JO 301330


£# Q3A1333H

ORDINANCE

WHEREAS, the City of Chicago (the "City") is a home rule unit of government under Article VII, Section 6(a) of the 1970 Constitution of the State of Illinois and, as such, may exercise any power and perform any function pertaining to its government and affairs; and

WHEREAS, the Chicago Park District (the "Park District") is an Illinois municipal corporation and a unit of local government under Article VII, Section 1 of the 1970 Constitution of the State of Illinois and, as such, is authorized to exercise control over and supervise the operation of all parks within the corporate limits of the City; and
WHEREAS, the Park District controls and operates Kilbourn Park (Park #84) (the "Park"), located at 3501 North Kilbourn Avenue, Chicago, and lega...

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