Office of the City Clerk - Record #: O2014-4829

• Record #: O2014-4829
• Type: Ordinance
• Status: Passed
• Intro date: 5/28/2014
• Current Controlling Legislative Body: Committee on Finance
• Final action: 6/25/2014
• Title: Intergovernmental agreement with Chicago Park District for provision of Tax Increment Financing (TIF) asistance for construction and operation of skate park at southwest corner of Grant Park
• Sponsors: Emanuel, Rahm
• Topic: AGREEMENTS - Intergovernmental

Date	Journal Page Number	Action By	Action	Result
7/10/2014		City Council	Signed by Mayor
6/25/2014	82954	City Council	Passed	Pass
6/24/2014		Committee on Finance	Recommended to Pass
5/28/2014	80849	City Council	Referred

y
CHICAGO June 25, 2014

To the President and Members of the City Council:

Your Committee on Finance having had under consideration

A communication recommending a proposed ordinance concerning the authority to enter into and execute an Intergovernmental Agreement with the Chicago Park District for the redevelopment of Grant Park.

02014-4829



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
MAYOR
May 28, 2014









TO THE HONORABLE, THE CITY COUNCIL OF THE CITY OF CHICAGO


Ladies and Gentlemen:

At the request ofthe Commissioner of Planning and Development, I transmit herewith an ordinance authorizing the execution of an intergovernmental agreement regarding TIF assistance for the Chicago Park District at Grant Park.

Your favorable consideration of this ordinance will be appreciated.



Very truly yours,

Mayor
ORDINANCE

WHEREAS, the City of Chicago (the "City") is a municipal corporation and 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 ofthe 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 City is the owner of certain real property legally described on Exhibit A attached hereto and generally depicted on Exhibit B attached hereto (the "City Property");...